Aurum Total Current Liabilities vs Accounts Payable Analysis
| AUE Stock | 0.42 0.01 2.44% |
Aurum Resources financial indicator trend analysis is way more than just evaluating Aurum Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurum Resources is a good investment. Please check the relationship between Aurum Resources Total Current Liabilities and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurum Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Total Current Liabilities vs Accounts Payable
Total Current Liabilities vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurum Resources Total Current Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have totally related.
The correlation between Aurum Resources' Total Current Liabilities and Accounts Payable is 1.0. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Aurum Resources, assuming nothing else is changed. The correlation between historical values of Aurum Resources' Total Current Liabilities and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Aurum Resources are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Current Liabilities i.e., Aurum Resources' Total Current Liabilities and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Aurum Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Aurum Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Accounts Payable
An accounting item on the balance sheet that represents Aurum Resources obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Aurum Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Aurum Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurum Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurum Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Selling General Administrative is likely to gain to about 899.3 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 4 M in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Income | 249.0 | 13.8K | 15.9K | 16.7K | Net Interest Income | 249.0 | 13.8K | 15.9K | 16.7K |
Aurum Resources fundamental ratios Correlations
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Aurum Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Aurum Stock Analysis
When running Aurum Resources' price analysis, check to measure Aurum Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aurum Resources is operating at the current time. Most of Aurum Resources' value examination focuses on studying past and present price action to predict the probability of Aurum Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurum Resources' price. Additionally, you may evaluate how the addition of Aurum Resources to your portfolios can decrease your overall portfolio volatility.