Indo Other Current Liab vs Accounts Payable Analysis

INDOAMIN   175.74  5.35  3.14%   
Indo Amines financial indicator trend analysis is infinitely more than just investigating Indo Amines Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indo Amines Limited is a good investment. Please check the relationship between Indo Amines Other Current Liab and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indo Amines Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Other Current Liab vs Accounts Payable

Other Current Liab vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Indo Amines Limited Other Current Liab account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Indo Amines' Other Current Liab and Accounts Payable is -0.3. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Indo Amines Limited, assuming nothing else is changed. The correlation between historical values of Indo Amines' Other Current Liab 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 Other Current Liab of Indo Amines Limited 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 Other Current Liab i.e., Indo Amines' Other Current Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Liab

Accounts Payable

An accounting item on the balance sheet that represents Indo Amines 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 Indo Amines Limited 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 Indo Amines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indo Amines Limited 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 Indo Amines Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current Selling General Administrative is estimated to decrease to about 76.2 M. The current Tax Provision is estimated to decrease to about 131.1 M
 2021 2022 2023 2024 (projected)
Interest Expense118.5M172.4M222.4M233.6M
Depreciation And Amortization140.9M173.1M152.6M103.8M

Indo Amines fundamental ratios Correlations

0.990.450.950.990.990.990.320.990.020.770.50.610.70.980.51-0.260.881.00.610.98-0.230.440.60.90.97
0.990.460.930.980.991.00.350.98-0.010.740.510.60.750.990.56-0.320.90.990.590.96-0.280.390.570.930.95
0.450.460.520.380.470.460.180.44-0.090.070.190.220.250.510.640.010.520.450.190.420.14-0.30.610.520.37
0.950.930.520.930.930.930.360.950.110.610.530.660.480.910.620.00.840.940.660.95-0.060.510.70.820.88
0.990.980.380.930.990.980.250.98-0.040.830.440.560.680.960.43-0.240.830.990.560.97-0.310.50.530.860.99
0.990.990.470.930.990.990.30.98-0.070.770.480.590.720.980.47-0.280.870.990.590.96-0.280.420.580.890.97
0.991.00.460.930.980.990.330.98-0.010.740.50.590.740.990.56-0.310.890.990.580.96-0.280.390.570.930.95
0.320.350.180.360.250.30.330.330.120.00.930.70.290.360.42-0.290.420.320.680.410.22-0.130.690.360.12
0.990.980.440.950.980.980.980.330.110.720.490.60.690.980.54-0.240.890.980.60.95-0.190.460.60.890.94
0.02-0.01-0.090.11-0.04-0.07-0.010.120.11-0.110.1-0.04-0.1-0.010.250.10.07-0.050.02-0.010.460.140.23-0.02-0.05
0.770.740.070.610.830.770.740.00.72-0.110.220.250.630.71-0.01-0.390.510.790.270.76-0.530.430.20.590.88
0.50.510.190.530.440.480.50.930.490.10.220.790.390.510.44-0.270.60.50.820.590.110.050.750.530.33
0.610.60.220.660.560.590.590.70.6-0.040.250.790.410.60.45-0.150.70.610.970.680.280.250.610.620.45
0.70.750.250.480.680.720.740.290.69-0.10.630.390.410.780.23-0.830.770.70.390.62-0.31-0.080.280.820.67
0.980.990.510.910.960.980.990.360.98-0.010.710.510.60.780.58-0.360.910.970.580.94-0.240.310.590.940.93
0.510.560.640.620.430.470.560.420.540.25-0.010.440.450.230.580.10.620.480.410.490.140.050.590.650.38
-0.26-0.320.010.0-0.24-0.28-0.31-0.29-0.240.1-0.39-0.27-0.15-0.83-0.360.1-0.36-0.27-0.13-0.210.230.43-0.02-0.42-0.25
0.880.90.520.840.830.870.890.420.890.070.510.60.70.770.910.62-0.360.860.710.84-0.050.20.640.970.78
1.00.990.450.940.990.990.990.320.98-0.050.790.50.610.70.970.48-0.270.860.60.98-0.250.430.590.890.97
0.610.590.190.660.560.590.580.680.60.020.270.820.970.390.580.41-0.130.710.60.670.270.280.670.620.44
0.980.960.420.950.970.960.960.410.95-0.010.760.590.680.620.940.49-0.210.840.980.67-0.170.450.660.850.93
-0.23-0.280.14-0.06-0.31-0.28-0.280.22-0.190.46-0.530.110.28-0.31-0.240.140.23-0.05-0.250.27-0.17-0.230.3-0.21-0.39
0.440.39-0.30.510.50.420.39-0.130.460.140.430.050.25-0.080.310.050.430.20.430.280.45-0.230.040.190.5
0.60.570.610.70.530.580.570.690.60.230.20.750.610.280.590.59-0.020.640.590.670.660.30.040.550.45
0.90.930.520.820.860.890.930.360.89-0.020.590.530.620.820.940.65-0.420.970.890.620.85-0.210.190.550.83
0.970.950.370.880.990.970.950.120.94-0.050.880.330.450.670.930.38-0.250.780.970.440.93-0.390.50.450.83
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Indo Amines Account Relationship Matchups

Indo Amines fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.6B4.5B5.5B6.0B6.3B6.7B
Short Long Term Debt Total1.4B1.6B2.1B2.3B2.2B2.3B
Other Current Liab10.1M231.6M1.6B275.4M266.5M243.8M
Total Current Liabilities1.9B2.4B3.2B2.1B3.0B3.2B
Total Stockholder Equity1.3B1.6B1.9B2.3B2.6B2.8B
Property Plant And Equipment Net1.2B1.6B1.9B2.1B2.2B2.3B
Net Debt1.4B1.5B2.0B2.3B2.1B2.2B
Cash56.1M44.9M60.0M62.5M38.1M48.2M
Non Current Assets Total1.5B1.9B2.1B2.2B2.4B2.5B
Non Currrent Assets Other74.1M64.8M92.6M34.9M66.0M85.6M
Cash And Short Term Investments56.1M44.9M60.0M63.6M55.9M49.4M
Common Stock Shares Outstanding66.7M71.0M66.7M70.7M70.6M62.3M
Liabilities And Stockholders Equity3.6B4.5B5.5B6.0B6.3B6.7B
Non Current Liabilities Total385.0M542.9M514.1M1.7B665.6M375.5M
Inventory817.8M878.4M1.2B1.4B1.1B1.2B
Other Current Assets1.2B409.3M2.1B434.5M584.7M500.4M
Other Stockholder Equity291.5M321.3M292.5M(4.1B)331.8M348.4M
Total Liab2.3B2.9B3.7B3.7B3.7B1.9B
Total Current Assets2.1B2.6B3.4B3.7B4.0B4.2B
Net Receivables1.1B1.3B1.9B1.9B2.2B2.3B
Current Deferred Revenue122.2M239.8M314.1M46.7M35.8M34.1M
Accounts Payable678.5M1.0B3.2M4.3M1.2B1.2B
Short Term Debt1.1B1.1B1.6B1.7B1.6B928.9M
Retained Earnings668.8M989.7M1.2B1.6B1.9B2.0B
Good Will215.4M167.3M125.7M83.3M95.8M98.5M
Accumulated Other Comprehensive Income34.7M(6.5M)39.1M49.5M39.3M22.5M
Intangible Assets31.9M31.3M24.4M22.3M73.2M76.9M

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Other Information on Investing in Indo Stock

Balance Sheet is a snapshot of the financial position of Indo Amines Limited at a specified time, usually calculated after every quarter, six months, or one year. Indo Amines Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indo Amines and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Indo currently owns. An asset can also be divided into two categories, current and non-current.