| CLMT Stock | | | USD 21.80 0.28 1.30% |
Calumet Specialty financial indicator trend analysis is way more than just evaluating Calumet Specialty prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Calumet Specialty is a good investment. Please check the relationship between Calumet Specialty Cash and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Calumet Specialty Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Cash vs Accounts Payable
Cash vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Calumet Specialty Cash account and
Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Calumet Specialty's Cash and Accounts Payable is -0.1. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Calumet Specialty Products, assuming nothing else is changed. The correlation between historical values of Calumet Specialty's Cash 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 Cash of Calumet Specialty Products 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 Cash i.e., Calumet Specialty's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.1 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Calumet Specialty, which is listed under current asset account on Calumet Specialty Products balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Calumet Specialty customers. The amounts must be unrestricted with restricted cash listed in a different Calumet Specialty account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Accounts Payable
An accounting item on the balance sheet that represents Calumet Specialty 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 Calumet Specialty 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 Calumet Specialty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Calumet Specialty 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 Calumet Specialty Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
At this time, Calumet Specialty's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 2.1
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 5.99 in 2024.
Calumet Specialty fundamental ratios Correlations
Click cells to compare fundamentals
Calumet Specialty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Calumet Specialty fundamental ratios Accounts
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Additional Tools for Calumet Stock Analysis
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predict the probability of Calumet Specialty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calumet Specialty's price. Additionally, you may evaluate how the addition of Calumet Specialty to your portfolios can decrease your overall portfolio volatility.