| IDT Stock | | | USD 50.22 0.77 1.56% |
IDT financial indicator trend analysis is infinitely more than just investigating IDT Corporation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDT Corporation is a good investment. Please check the relationship between IDT Accounts Payable and its Cash And Equivalents accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDT Corporation. 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.
Accounts Payable vs Cash And Equivalents
Accounts Payable vs Cash And Equivalents Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
IDT Corporation Accounts Payable account and
Cash And Equivalents. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between IDT's Accounts Payable and Cash And Equivalents is -0.37. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of IDT Corporation, assuming nothing else is changed. The correlation between historical values of IDT's Accounts Payable and Cash And Equivalents 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 IDT Corporation are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Accounts Payable i.e., IDT's Accounts Payable and Cash And Equivalents go up and down completely randomly.
Correlation Coefficient | -0.37 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents IDT 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 IDT Corporation 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 And Equivalents
Most indicators from IDT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDT Corporation 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 IDT Corporation. 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, IDT's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.24 in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 9.32 in 2024.
IDT fundamental ratios Correlations
Click cells to compare fundamentals
IDT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IDT fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for IDT Stock Analysis
When running IDT's price analysis, check to
measure IDT'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 IDT is operating at the current time. Most of IDT's value examination focuses on studying past and present price action to
predict the probability of IDT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDT's price. Additionally, you may evaluate how the addition of IDT to your portfolios can decrease your overall portfolio volatility.