DUET Cash And Short Term Investments vs Accounts Payable Analysis
| DUET Stock | USD 11.33 0.02 0.18% |
DUET Acquisition financial indicator trend analysis is much more than just examining DUET Acquisition Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DUET Acquisition Corp is a good investment. Please check the relationship between DUET Acquisition Cash And Short Term Investments and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DUET Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Cash And Short Term Investments vs Accounts Payable
Cash And Short Term Investments vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DUET Acquisition Corp Cash And Short Term Investments account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between DUET Acquisition's Cash And Short Term Investments and Accounts Payable is 0.71. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of DUET Acquisition Corp, assuming nothing else is changed. The correlation between historical values of DUET Acquisition's Cash And Short Term Investments 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 And Short Term Investments of DUET Acquisition Corp 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 And Short Term Investments i.e., DUET Acquisition's Cash And Short Term Investments and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.71 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of DUET Acquisition Corp balance sheet. This account contains DUET Acquisition investments that will expire within one year. These investments include stocks and bonds that can be liquidated by DUET Acquisition Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Accounts Payable
An accounting item on the balance sheet that represents DUET Acquisition 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 DUET Acquisition Corp 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 DUET Acquisition's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DUET Acquisition Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DUET Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. At this time, DUET Acquisition's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 275.82 in 2024, whereas Tax Provision is likely to drop slightly above 459.8 K in 2024.
| 2010 | 2023 | 2024 (projected) | Net Interest Income | 1.0M | 2.9M | 2.1M | Tax Provision | 229.1K | 606.9K | 459.8K |
DUET Acquisition fundamental ratios Correlations
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DUET Acquisition Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for DUET Stock Analysis
When running DUET Acquisition's price analysis, check to measure DUET Acquisition's 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 DUET Acquisition is operating at the current time. Most of DUET Acquisition's value examination focuses on studying past and present price action to predict the probability of DUET Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DUET Acquisition's price. Additionally, you may evaluate how the addition of DUET Acquisition to your portfolios can decrease your overall portfolio volatility.