Energy Resources financial indicator trend analysis is much more than just examining Energy Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Resources is a good investment. Please check the relationship between Energy Resources Accounts Payable and its Cash accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy 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.
Accounts Payable vs Cash
Accounts Payable vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Energy Resources Accounts Payable account and
Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Energy Resources' Accounts Payable and Cash is 0.76. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Energy Resources, assuming nothing else is changed. The correlation between historical values of Energy Resources' Accounts Payable and Cash 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 Energy Resources are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., Energy Resources' Accounts Payable and Cash go up and down completely randomly.
Correlation Coefficient | 0.76 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Energy 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 Energy 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.
Cash
Cash refers to the most liquid asset of Energy Resources, which is listed under current asset account on Energy Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Energy Resources customers. The amounts must be unrestricted with restricted cash listed in a different Energy Resources 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.
Most indicators from Energy Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy 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.
Issuance Of Capital Stock is likely to gain to about 338.1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.2
M in 2024.
Energy Resources fundamental ratios Correlations
Click cells to compare fundamentals
Energy Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Energy Resources fundamental ratios Accounts
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Additional Tools for Energy Stock Analysis
When running Energy Resources' price analysis, check to
measure Energy 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 Energy Resources is operating at the current time. Most of Energy Resources' value examination focuses on studying past and present price action to
predict the probability of Energy Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Resources' price. Additionally, you may evaluate how the addition of Energy Resources to your portfolios can decrease your overall portfolio volatility.