Mattel Other Current Assets vs Accounts Payable Analysis

MAT Stock  USD 19.07  0.38  2.03%   
Mattel financial indicator trend analysis is infinitely more than just investigating Mattel Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mattel Inc is a good investment. Please check the relationship between Mattel Other Current Assets and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mattel Inc. 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 Assets vs Accounts Payable

Other Current Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mattel Inc Other Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Mattel's Other Current Assets and Accounts Payable is 0.64. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Mattel Inc, assuming nothing else is changed. The correlation between historical values of Mattel's Other Current Assets 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 Assets of Mattel Inc 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 Assets i.e., Mattel's Other Current Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.64
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Accounts Payable

An accounting item on the balance sheet that represents Mattel 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 Mattel Inc 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 Mattel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mattel Inc 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mattel Inc. 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.
At this time, Mattel's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 317.2 M in 2024, whereas Enterprise Value is likely to drop slightly above 3.8 B in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense253.9M132.8M123.8M167.6M
Depreciation And Amortization184.3M182.2M177.4M181.3M

Mattel fundamental ratios Correlations

0.580.390.80.640.850.250.840.720.950.60.720.910.890.620.730.65-0.860.740.920.280.560.670.760.080.1
0.580.270.62-0.230.870.880.090.110.750.370.110.410.650.990.64-0.11-0.470.970.3-0.040.290.340.880.070.04
0.390.270.610.180.270.130.240.340.350.010.340.390.360.210.390.11-0.110.360.39-0.410.020.230.310.180.24
0.80.620.610.310.770.410.50.520.790.510.520.740.780.580.560.45-0.640.770.70.010.580.680.750.150.11
0.64-0.230.180.310.21-0.520.940.740.440.330.740.670.43-0.170.310.84-0.57-0.040.80.380.350.430.090.030.1
0.850.870.270.770.210.690.490.380.950.490.380.680.870.870.760.28-0.750.930.620.130.450.620.950.210.15
0.250.880.130.41-0.520.69-0.26-0.30.50.14-0.30.050.440.840.5-0.35-0.230.79-0.08-0.130.090.270.780.190.06
0.840.090.240.50.940.49-0.260.750.690.520.750.810.610.140.50.85-0.760.270.90.40.490.550.38-0.020.05
0.720.110.340.520.740.38-0.30.750.480.321.00.830.620.160.250.58-0.60.290.90.180.40.30.20.160.29
0.950.750.350.790.440.950.50.690.480.580.480.760.870.770.80.49-0.80.850.750.260.50.690.910.090.08
0.60.370.010.510.330.490.140.520.320.580.320.660.430.430.180.65-0.760.50.550.390.840.70.47-0.49-0.51
0.720.110.340.520.740.38-0.30.751.00.480.320.830.620.160.250.58-0.60.290.90.180.40.30.20.160.29
0.910.410.390.740.670.680.050.810.830.760.660.830.840.470.470.7-0.880.60.960.160.640.610.530.020.06
0.890.650.360.780.430.870.440.610.620.870.430.620.840.690.70.42-0.810.780.80.070.470.620.770.30.26
0.620.990.210.58-0.170.870.840.140.160.770.430.160.470.690.64-0.04-0.540.970.360.030.310.370.870.030.0
0.730.640.390.560.310.760.50.50.250.80.180.250.470.70.640.21-0.460.680.530.020.130.330.720.040.0
0.65-0.110.110.450.840.28-0.350.850.580.490.650.580.70.42-0.040.21-0.710.110.760.540.640.690.23-0.18-0.17
-0.86-0.47-0.11-0.64-0.57-0.75-0.23-0.76-0.6-0.8-0.76-0.6-0.88-0.81-0.54-0.46-0.71-0.63-0.82-0.38-0.75-0.76-0.68-0.06-0.04
0.740.970.360.77-0.040.930.790.270.290.850.50.290.60.780.970.680.11-0.630.50.020.430.50.920.070.04
0.920.30.390.70.80.62-0.080.90.90.750.550.90.960.80.360.530.76-0.820.50.250.560.560.480.050.11
0.28-0.04-0.410.010.380.13-0.130.40.180.260.390.180.160.070.030.020.54-0.380.020.250.230.40.2-0.11-0.12
0.560.290.020.580.350.450.090.490.40.50.840.40.640.470.310.130.64-0.750.430.560.230.710.41-0.27-0.3
0.670.340.230.680.430.620.270.550.30.690.70.30.610.620.370.330.69-0.760.50.560.40.710.660.1-0.02
0.760.880.310.750.090.950.780.380.20.910.470.20.530.770.870.720.23-0.680.920.480.20.410.660.220.15
0.080.070.180.150.030.210.19-0.020.160.09-0.490.160.020.30.030.04-0.18-0.060.070.05-0.11-0.270.10.220.95
0.10.040.240.110.10.150.060.050.290.08-0.510.290.060.260.00.0-0.17-0.040.040.11-0.12-0.3-0.020.150.95
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Mattel Account Relationship Matchups

Mattel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.3B5.5B6.4B6.2B6.4B4.6B
Short Long Term Debt Total3.1B3.1B2.9B2.7B2.7B1.4B
Other Current Liab(26.1M)752.4M917.8M603.4M866.3M534.9M
Total Current Liabilities1.3B1.4B1.6B1.2B1.3B1.2B
Total Stockholder Equity491.7M596.3M1.6B2.1B2.1B1.7B
Property Plant And Equipment Net853.3M765.4M781.5M787.8M778.7M588.7M
Net Debt2.5B2.3B2.1B1.9B1.4B1.5B
Retained Earnings1.4B1.5B2.5B2.8B3.1B1.7B
Cash630M762.2M731.4M761.2M1.3B763.1M
Non Current Assets Total3.1B3.0B3.5B3.4B3.3B2.2B
Non Currrent Assets Other2.2B2.3B1.3B809.1M458.1M435.2M
Cash And Short Term Investments630M762.2M731.4M761.2M1.3B763.1M
Net Receivables936.4M1.0B1.1B860.2M1.1B886.1M
Common Stock Shares Outstanding346.1M349.1M357.3M359.6M357.1M356.6M
Liabilities And Stockholders Equity5.3B5.5B6.4B6.2B6.4B4.6B
Non Current Liabilities Total3.6B3.6B3.2B2.9B2.9B1.6B
Inventory495.5M514.7M777.2M894.1M571.6M459.7M
Other Current Assets186.1M172.1M293.3M213.5M207.5M271.1M
Other Stockholder Equity(493.4M)(440.3M)(387.8M)(321.3M)(449.2M)(426.8M)
Total Liab4.8B4.9B4.8B4.1B4.3B2.8B
Total Current Assets2.2B2.5B2.9B2.7B3.1B2.4B
Short Term Debt74.1M80.5M73.8M75.3M77.3M73.4M
Accounts Payable1.2B495.4M579.2M471.5M442.3M658.6M
Intangible Assets553.1M518.2M476.9M425.1M393.0M644.5M
Good Will1.4B1.4B1.4B1.4B1.4B1.1B
Property Plant And Equipment Gross853.3M765.4M781.5M787.8M2.2B2.3B
Accumulated Other Comprehensive Income(869.5M)(944.6M)(941.3M)(911.5M)(905.0M)(859.7M)
Other Liab439.0M465.3M372.2M336.6M387.1M415.2M
Other Assets280.1M1.2B1.3B857.2M985.7M739.6M
Long Term Debt2.8B2.9B2.6B2.3B2.3B1.7B
Treasury Stock(2.4B)(2.3B)(2.3B)(2.2B)(2.0B)(2.1B)
Property Plant Equipment853.3M473.8M781.5M469.1M539.5M682.2M
Current Deferred Revenue(792.1M)(700.5M)(73.8M)471.7M33.9M35.6M
Net Tangible Assets(1.5B)(797.5M)178.6M1.6B1.5B1.5B
Long Term Debt Total2.8B2.9B2.6B2.3B2.7B2.3B
Capital Surpluse1.8B1.8B1.8B1.8B2.1B2.0B
Non Current Liabilities Other101.2M714.7M372.2M336.7M354.6M370.3M

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