Idaho Cash And Equivalents vs Accounts Payable Analysis

IDR Stock

USD 11.51 0.34 2.87%

Idaho Strategic financial indicator trend analysis is infinitely more than just investigating Idaho Strategic Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Idaho Strategic Resources is a good investment. Please check the relationship between Idaho Strategic Cash And Equivalents and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Idaho Strategic 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 unemployment.

Cash And Equivalents vs Accounts Payable

Cash And Equivalents vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Idaho Strategic Resources Cash And Equivalents account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.

The correlation between Idaho Strategic's Cash And Equivalents and Accounts Payable is 0.79. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Idaho Strategic Resources, assuming nothing else is changed. The correlation between historical values of Idaho Strategic's Cash And Equivalents 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 Equivalents of Idaho Strategic 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 Cash And Equivalents i.e., Idaho Strategic's Cash And Equivalents and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash And Equivalents

Accounts Payable

An accounting item on the balance sheet that represents Idaho Strategic 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 Idaho Strategic 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 Idaho Strategic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Idaho Strategic 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Idaho Strategic 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 unemployment.

At this time, Idaho Strategic's Issuance Of Capital Stock is relatively stable compared to the past year. As of 11/26/2024, Enterprise Value Over EBITDA is likely to grow to 31.34, while Selling General Administrative is likely to drop slightly above 736.4 K.

	2021	2022	2023	2024 (projected)
Interest Expense	208.3K	102.8K	44.2K	53.3K
Depreciation And Amortization	824.4K	996.8K	1.5M	1.6M

Interest Expense Depreciation And Amortization

Idaho Strategic 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Retained Earnings	Intangible Assets	Accounts Payable	Other Current Assets	Inventory	Net Receivables	Short Term Investments	Current Deferred Revenue
Total Assets		0.8	0.13	0.74	0.98	0.99	0.02	0.86	1.0	0.53	0.85	-0.68	0.94	0.71	0.78	0.95	0.75	0.98	-0.89	-0.68	0.8	0.86	0.91	0.94	-0.44	-0.38
Short Long Term Debt Total	0.8		0.24	0.76	0.72	0.81	0.43	0.7	0.81	0.54	0.7	-0.25	0.78	0.9	0.9	0.73	0.75	0.76	-0.82	-0.25	0.79	0.81	0.59	0.65	-0.36	-0.54
Other Current Liab	0.13	0.24		0.72	0.0	0.15	0.44	-0.04	0.16	0.4	-0.05	-0.01	0.18	0.27	0.5	0.03	0.57	0.09	-0.29	-0.01	0.18	0.04	0.1	0.1	-0.21	-0.31
Total Current Liabilities	0.74	0.76	0.72		0.63	0.76	0.41	0.53	0.76	0.64	0.53	-0.43	0.76	0.7	0.9	0.64	0.93	0.69	-0.79	-0.43	0.68	0.62	0.65	0.66	-0.41	-0.54
Total Stockholder Equity	0.98	0.72	0.0	0.63		0.96	-0.14	0.86	0.96	0.53	0.86	-0.74	0.9	0.59	0.66	0.96	0.66	0.96	-0.79	-0.74	0.73	0.82	0.94	0.97	-0.29	-0.36
Property Plant And Equipment Net	0.99	0.81	0.15	0.76	0.96		0.09	0.8	1.0	0.5	0.8	-0.66	0.95	0.71	0.79	0.91	0.76	0.98	-0.92	-0.66	0.78	0.83	0.89	0.93	-0.49	-0.38
Net Debt	0.02	0.43	0.44	0.41	-0.14	0.09		-0.25	0.08	0.2	-0.25	0.28	0.13	0.49	0.49	-0.2	0.4	-0.03	-0.25	0.28	0.17	0.13	-0.21	-0.14	-0.21	-0.47
Cash	0.86	0.7	-0.04	0.53	0.86	0.8	-0.25		0.81	0.43	1.0	-0.58	0.75	0.69	0.67	0.97	0.51	0.81	-0.66	-0.58	0.74	0.85	0.78	0.75	-0.25	-0.25
Non Current Assets Total	1.0	0.81	0.16	0.76	0.96	1.0	0.08	0.81		0.52	0.81	-0.67	0.95	0.71	0.79	0.91	0.77	0.98	-0.92	-0.67	0.79	0.84	0.89	0.93	-0.47	-0.39
Non Currrent Assets Other	0.53	0.54	0.4	0.64	0.53	0.5	0.2	0.43	0.52		0.43	-0.28	0.62	0.53	0.62	0.52	0.47	0.4	-0.37	-0.28	0.75	0.63	0.48	0.51	0.17	-0.83
Cash And Short Term Investments	0.85	0.7	-0.05	0.53	0.86	0.8	-0.25	1.0	0.81	0.43		-0.58	0.74	0.69	0.67	0.96	0.51	0.81	-0.66	-0.58	0.74	0.85	0.78	0.75	-0.25	-0.24
Good Will	-0.68	-0.25	-0.01	-0.43	-0.74	-0.66	0.28	-0.58	-0.67	-0.28	-0.58		-0.58	-0.21	-0.33	-0.69	-0.53	-0.67	0.42	1.0	-0.28	-0.45	-0.81	-0.76	0.1	0.16
Common Stock Shares Outstanding	0.94	0.78	0.18	0.76	0.9	0.95	0.13	0.75	0.95	0.62	0.74	-0.58		0.71	0.79	0.85	0.71	0.9	-0.89	-0.58	0.84	0.81	0.87	0.88	-0.41	-0.53
Non Current Liabilities Total	0.71	0.9	0.27	0.7	0.59	0.71	0.49	0.69	0.71	0.53	0.69	-0.21	0.71		0.94	0.67	0.61	0.64	-0.73	-0.21	0.82	0.87	0.45	0.48	-0.39	-0.53
Total Liab	0.78	0.9	0.5	0.9	0.66	0.79	0.49	0.67	0.79	0.62	0.67	-0.33	0.79	0.94		0.71	0.81	0.71	-0.82	-0.33	0.82	0.82	0.58	0.6	-0.43	-0.58
Total Current Assets	0.95	0.73	0.03	0.64	0.96	0.91	-0.2	0.97	0.91	0.52	0.96	-0.69	0.85	0.67	0.71		0.62	0.91	-0.75	-0.69	0.77	0.86	0.9	0.89	-0.28	-0.33
Short Term Debt	0.75	0.75	0.57	0.93	0.66	0.76	0.4	0.51	0.77	0.47	0.51	-0.53	0.71	0.61	0.81	0.62		0.71	-0.75	-0.53	0.49	0.52	0.69	0.69	-0.36	-0.47
Common Stock	0.98	0.76	0.09	0.69	0.96	0.98	-0.03	0.81	0.98	0.4	0.81	-0.67	0.9	0.64	0.71	0.91	0.71		-0.91	-0.67	0.73	0.8	0.88	0.93	-0.54	-0.23
Retained Earnings	-0.89	-0.82	-0.29	-0.79	-0.79	-0.92	-0.25	-0.66	-0.92	-0.37	-0.66	0.42	-0.89	-0.73	-0.82	-0.75	-0.75	-0.91		0.42	-0.75	-0.73	-0.73	-0.78	0.72	0.27
Intangible Assets	-0.68	-0.25	-0.01	-0.43	-0.74	-0.66	0.28	-0.58	-0.67	-0.28	-0.58	1.0	-0.58	-0.21	-0.33	-0.69	-0.53	-0.67	0.42		-0.28	-0.45	-0.81	-0.76	0.1	0.16
Accounts Payable	0.8	0.79	0.18	0.68	0.73	0.78	0.17	0.74	0.79	0.75	0.74	-0.28	0.84	0.82	0.82	0.77	0.49	0.73	-0.75	-0.28		0.91	0.59	0.63	-0.37	-0.56
Other Current Assets	0.86	0.81	0.04	0.62	0.82	0.83	0.13	0.85	0.84	0.63	0.85	-0.45	0.81	0.87	0.82	0.86	0.52	0.8	-0.73	-0.45	0.91		0.64	0.71	-0.32	-0.44
Inventory	0.91	0.59	0.1	0.65	0.94	0.89	-0.21	0.78	0.89	0.48	0.78	-0.81	0.87	0.45	0.58	0.9	0.69	0.88	-0.73	-0.81	0.59	0.64		0.96	-0.23	-0.38
Net Receivables	0.94	0.65	0.1	0.66	0.97	0.93	-0.14	0.75	0.93	0.51	0.75	-0.76	0.88	0.48	0.6	0.89	0.69	0.93	-0.78	-0.76	0.63	0.71	0.96		-0.27	-0.34
Short Term Investments	-0.44	-0.36	-0.21	-0.41	-0.29	-0.49	-0.21	-0.25	-0.47	0.17	-0.25	0.1	-0.41	-0.39	-0.43	-0.28	-0.36	-0.54	0.72	0.1	-0.37	-0.32	-0.23	-0.27		-0.25
Current Deferred Revenue	-0.38	-0.54	-0.31	-0.54	-0.36	-0.38	-0.47	-0.25	-0.39	-0.83	-0.24	0.16	-0.53	-0.53	-0.58	-0.33	-0.47	-0.23	0.27	0.16	-0.56	-0.44	-0.38	-0.34	-0.25

Click cells to compare fundamentals

Idaho Strategic Account Relationship Matchups

Idaho Strategic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.9M	14.7M	17.9M	21.0M	23.9M	25.1M
Short Long Term Debt Total	1.4M	2.4M	3.9M	4.0M	2.3M	2.4M
Other Current Liab	80.4K	143.5K	174.1K	179.1K	266.7K	145.0K
Total Current Liabilities	948.5K	1.2M	1.5M	1.6M	1.7M	1.8M
Total Stockholder Equity	5.7M	8.3M	10.2M	14.9M	17.8M	18.6M
Property Plant And Equipment Net	9.4M	10.7M	14.1M	16.5M	18.1M	19.0M
Net Debt	1.2M	(138.9K)	1.9M	611.6K	29.7K	28.2K
Cash	217.8K	2.5M	2.0M	1.6M	2.3M	2.4M
Non Current Assets Total	9.9M	11.2M	15.0M	17.6M	19.4M	20.4M
Non Currrent Assets Other	128.3K	116.2K	115.0K	403.1K	285.1K	299.3K
Cash And Short Term Investments	217.8K	2.5M	2.0M	1.6M	2.3M	2.4M
Common Stock Shares Outstanding	8.8M	9.2M	10.2M	11.8M	12.3M	12.9M
Liabilities And Stockholders Equity	10.9M	14.7M	17.9M	21.0M	23.9M	25.1M
Non Current Liabilities Total	1.2M	2.2M	3.4M	1.6M	1.6M	1.7M
Total Liab	2.2M	3.4M	4.9M	3.3M	3.4M	3.5M
Total Current Assets	910.1K	3.4M	2.9M	3.4M	4.4M	4.7M
Short Term Debt	338.9K	378.5K	677.2K	871.6K	978.2K	1.0M
Common Stock	17.7M	21.0M	26.0M	33.2M	35.0M	36.7M
Retained Earnings	(12.0M)	(12.7M)	(15.8M)	(18.4M)	(17.2M)	(16.4M)
Accounts Payable	529.2K	687.3K	647.2K	579.5K	484.2K	508.4K
Other Current Assets	158.8K	224.1K	334.4K	192.0K	236.8K	248.7K
Inventory	225.1K	402.5K	213.7K	618.3K	876.7K	920.5K
Net Receivables	308.3K	269.0K	412.6K	911.9K	1.0M	1.1M
Long Term Debt	1.1M	2.0M	3.2M	3.1M	1.3M	1.8M
Long Term Debt Total	1.1M	2.0M	3.2M	3.1M	3.5M	1.8M
Cash And Equivalents	217.8K	2.5M	2.0M	1.6M	1.9M	1.1M
Property Plant Equipment	9.4M	10.7M	14.1M	8.3M	9.5M	10.6M
Other Assets	128.3K	116.2K	115.0K	76.1K	87.5K	106.5K
Net Invested Capital	7.1M	10.7M	14.0M	17.1M	20.1M	13.9M
Short Long Term Debt	338.9K	378.5K	677.2K	871.6K	978.2K	643.5K
Capital Stock	17.7M	21.0M	26.0M	33.2M	35.0M	27.6M
Net Working Capital	(38.4K)	2.2M	1.4M	1.7M	2.7M	1.5M

Pair Trading with Idaho Strategic

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Idaho Strategic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Idaho Strategic will appreciate offsetting losses from the drop in the long position's value.

Moving together with Idaho Stock

0.65

Celanese

Pair Corr

Moving against Idaho Stock

0.56	WLKP	Westlake Chemical	Pair Corr
0.4	WS	Worthington Steel	Pair Corr

The ability to find closely correlated positions to Idaho Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Idaho Strategic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Idaho Strategic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Idaho Strategic Resources to buy it.

The correlation of Idaho Strategic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Idaho Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Idaho Strategic Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Idaho Strategic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Idaho Stock Analysis

When running Idaho Strategic's price analysis, check to measure Idaho Strategic'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 Idaho Strategic is operating at the current time. Most of Idaho Strategic's value examination focuses on studying past and present price action to predict the probability of Idaho Strategic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Idaho Strategic's price. Additionally, you may evaluate how the addition of Idaho Strategic to your portfolios can decrease your overall portfolio volatility.

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