Aurora Accounts Payable vs Short Term Investments Analysis

AUROW Stock

USD 1.01 0.01 0.98%

Aurora Innovation financial indicator trend analysis is way more than just evaluating Aurora Innovation prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aurora Innovation is a good investment. Please check the relationship between Aurora Innovation Accounts Payable and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aurora Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Aurora Stock please use our How to Invest in Aurora Innovation guide.

Accounts Payable vs Short Term Investments

Accounts Payable vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aurora Innovation Accounts Payable account and Short Term Investments. At this time, the significance of the direction appears to have very week relationship.

The correlation between Aurora Innovation's Accounts Payable and Short Term Investments is 0.26. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Aurora Innovation, assuming nothing else is changed. The correlation between historical values of Aurora Innovation's Accounts Payable and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Aurora Innovation are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Accounts Payable i.e., Aurora Innovation's Accounts Payable and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

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Accounts Payable

An accounting item on the balance sheet that represents Aurora Innovation 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 Aurora Innovation 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.

Short Term Investments

Short Term Investments is an item under the current assets section of Aurora Innovation balance sheet. It contains any investments Aurora Innovation undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Aurora Innovation can easily liquidate in the marketplace.

Most indicators from Aurora Innovation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aurora Innovation 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 Aurora Innovation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Aurora Stock please use our How to Invest in Aurora Innovation guide.Aurora Innovation reported Tax Provision of (1.85 Million) in 2023. Issuance Of Capital Stock is likely to climb to about 877.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 94.2 M in 2024.

	2020	2021	2023	2024 (projected)
Interest Income	3.7M	525K	472.5K	448.9K
Net Interest Income	3.7M	525K	472.5K	448.9K

Interest Income Net Interest Income

Aurora Innovation fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Current Deferred Revenue	Capital Lease Obligations
Total Assets		0.85	0.87	0.89	0.96	0.91	-0.81	-0.67	0.82	0.88	1.0	0.71	-0.39	0.99	0.88	0.45	0.09	0.19	0.92	0.89	0.31	0.99	0.92	0.05	0.9	0.94
Short Long Term Debt Total	0.85		0.9	0.93	0.69	0.98	-0.54	-0.79	0.98	0.67	0.87	0.67	-0.46	0.8	0.88	0.53	0.15	0.59	0.84	0.84	0.69	0.8	0.9	-0.39	0.88	0.87
Other Current Liab	0.87	0.9		1.0	0.8	0.96	-0.47	-0.91	0.95	0.59	0.86	0.86	-0.57	0.88	0.96	0.74	0.42	0.26	0.72	0.98	0.39	0.87	0.97	-0.03	0.98	0.85
Total Current Liabilities	0.89	0.93	1.0		0.81	0.98	-0.51	-0.9	0.97	0.63	0.89	0.83	-0.55	0.89	0.96	0.71	0.36	0.31	0.77	0.97	0.44	0.89	0.98	-0.08	0.98	0.87
Total Stockholder Equity	0.96	0.69	0.8	0.81		0.81	-0.78	-0.61	0.68	0.82	0.94	0.73	-0.33	0.99	0.83	0.4	0.18	-0.08	0.82	0.88	0.05	0.99	0.88	0.31	0.86	0.89
Property Plant And Equipment Net	0.91	0.98	0.96	0.98	0.81		-0.56	-0.84	0.97	0.69	0.91	0.78	-0.48	0.89	0.94	0.58	0.27	0.41	0.83	0.93	0.53	0.89	0.97	-0.19	0.96	0.92
Net Debt	-0.81	-0.54	-0.47	-0.51	-0.78	-0.56		0.16	-0.47	-0.98	-0.83	-0.19	0.07	-0.75	-0.47	-0.05	0.48	-0.23	-0.9	-0.48	-0.29	-0.76	-0.53	0.03	-0.51	-0.65
Retained Earnings	-0.67	-0.79	-0.91	-0.9	-0.61	-0.84	0.16		-0.85	-0.32	-0.65	-0.94	0.78	-0.71	-0.94	-0.87	-0.64	-0.19	-0.48	-0.88	-0.3	-0.7	-0.87	0.02	-0.87	-0.77
Accounts Payable	0.82	0.98	0.95	0.97	0.68	0.97	-0.47	-0.85		0.6	0.83	0.72	-0.51	0.79	0.9	0.65	0.26	0.54	0.77	0.88	0.65	0.79	0.92	-0.33	0.92	0.82
Cash	0.88	0.67	0.59	0.63	0.82	0.69	-0.98	-0.32	0.6		0.9	0.33	-0.23	0.82	0.61	0.19	-0.38	0.31	0.96	0.58	0.38	0.83	0.64	-0.11	0.61	0.77
Non Current Assets Total	1.0	0.87	0.86	0.89	0.94	0.91	-0.83	-0.65	0.83	0.9		0.66	-0.38	0.97	0.87	0.43	0.02	0.26	0.95	0.87	0.38	0.98	0.91	-0.03	0.88	0.93
Non Currrent Assets Other	0.71	0.67	0.86	0.83	0.73	0.78	-0.19	-0.94	0.72	0.33	0.66		-0.71	0.78	0.92	0.77	0.72	-0.12	0.44	0.9	0.0	0.77	0.87	0.28	0.86	0.8
Other Assets	-0.39	-0.46	-0.57	-0.55	-0.33	-0.48	0.07	0.78	-0.51	-0.23	-0.38	-0.71		-0.42	-0.69	-0.89	-0.38	-0.13	-0.3	-0.5	-0.19	-0.41	-0.48	0.06	-0.46	-0.53
Cash And Short Term Investments	0.99	0.8	0.88	0.89	0.99	0.89	-0.75	-0.71	0.79	0.82	0.97	0.78	-0.42		0.9	0.49	0.21	0.05	0.85	0.93	0.18	1.0	0.94	0.18	0.92	0.93
Good Will	0.88	0.88	0.96	0.96	0.83	0.94	-0.47	-0.94	0.9	0.61	0.87	0.92	-0.69	0.9		0.74	0.44	0.2	0.73	0.96	0.32	0.9	0.97	0.01	0.95	0.93
Common Stock Shares Outstanding	0.45	0.53	0.74	0.71	0.4	0.58	-0.05	-0.87	0.65	0.19	0.43	0.77	-0.89	0.49	0.74		0.52	0.11	0.29	0.67	0.19	0.48	0.61	0.03	0.64	0.48
Short Term Investments	0.09	0.15	0.42	0.36	0.18	0.27	0.48	-0.64	0.26	-0.38	0.02	0.72	-0.38	0.21	0.44	0.52		-0.42	-0.26	0.49	-0.35	0.19	0.42	0.45	0.43	0.23
Non Current Liabilities Total	0.19	0.59	0.26	0.31	-0.08	0.41	-0.23	-0.19	0.54	0.31	0.26	-0.12	-0.13	0.05	0.2	0.11	-0.42		0.47	0.08	0.99	0.07	0.18	-0.96	0.17	0.22
Other Current Assets	0.92	0.84	0.72	0.77	0.82	0.83	-0.9	-0.48	0.77	0.96	0.95	0.44	-0.3	0.85	0.73	0.29	-0.26	0.47		0.69	0.55	0.87	0.76	-0.26	0.73	0.85
Other Stockholder Equity	0.89	0.84	0.98	0.97	0.88	0.93	-0.48	-0.88	0.88	0.58	0.87	0.9	-0.5	0.93	0.96	0.67	0.49	0.08	0.69		0.21	0.92	0.99	0.15	0.99	0.87
Total Liab	0.31	0.69	0.39	0.44	0.05	0.53	-0.29	-0.3	0.65	0.38	0.38	0.0	-0.19	0.18	0.32	0.19	-0.35	0.99	0.55	0.21		0.19	0.32	-0.92	0.31	0.33
Total Current Assets	0.99	0.8	0.87	0.89	0.99	0.89	-0.76	-0.7	0.79	0.83	0.98	0.77	-0.41	1.0	0.9	0.48	0.19	0.07	0.87	0.92	0.19		0.93	0.17	0.91	0.93
Intangible Assets	0.92	0.9	0.97	0.98	0.88	0.97	-0.53	-0.87	0.92	0.64	0.91	0.87	-0.48	0.94	0.97	0.61	0.42	0.18	0.76	0.99	0.32	0.93		0.04	0.99	0.92
Common Stock	0.05	-0.39	-0.03	-0.08	0.31	-0.19	0.03	0.02	-0.33	-0.11	-0.03	0.28	0.06	0.18	0.01	0.03	0.45	-0.96	-0.26	0.15	-0.92	0.17	0.04		0.06	-0.03
Current Deferred Revenue	0.9	0.88	0.98	0.98	0.86	0.96	-0.51	-0.87	0.92	0.61	0.88	0.86	-0.46	0.92	0.95	0.64	0.43	0.17	0.73	0.99	0.31	0.91	0.99	0.06		0.87
Capital Lease Obligations	0.94	0.87	0.85	0.87	0.89	0.92	-0.65	-0.77	0.82	0.77	0.93	0.8	-0.53	0.93	0.93	0.48	0.23	0.22	0.85	0.87	0.33	0.93	0.92	-0.03	0.87

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Aurora Innovation Account Relationship Matchups

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Aurora Accounts Payable vs Short Term Investments Analysis

Accounts Payable vs Short Term Investments

Accounts Payable vs Short Term Investments Correlation Analysis

Correlation Coefficient

Accounts Payable

Short Term Investments

Aurora Innovation fundamental ratios Correlations

Aurora Innovation Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Aurora Stock Analysis

COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Total Current Assets	+ 1.0	Cash And Short Term Investments
Cash And Short Term Investments	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Total Stockholder Equity

Cash	- 0.98	Net Debt
Common Stock	- 0.96	Non Current Liabilities Total
Good Will	- 0.94	Retained Earnings
Non Currrent Assets Other	- 0.94	Retained Earnings
Common Stock	- 0.92	Total Liab
Retained Earnings	- 0.91	Other Current Liab