New Total Current Liabilities vs Accounts Payable Analysis
NSE Stock | CAD 0.72 0.02 2.86% |
New Stratus financial indicator trend analysis is infinitely more than just investigating New Stratus Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Stratus Energy is a good investment. Please check the relationship between New Stratus Total Current Liabilities and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Stratus Energy. 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.
Total Current Liabilities vs Accounts Payable
Total Current Liabilities vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Stratus Energy Total Current Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have totally related.
The correlation between New Stratus' Total Current Liabilities and Accounts Payable is 0.99. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of New Stratus Energy, assuming nothing else is changed. The correlation between historical values of New Stratus' Total Current Liabilities 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 Total Current Liabilities of New Stratus Energy 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 Total Current Liabilities i.e., New Stratus' Total Current Liabilities and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on New Stratus balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of New Stratus Energy are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Accounts Payable
An accounting item on the balance sheet that represents New Stratus 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 New Stratus Energy 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 New Stratus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Stratus Energy 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 New Stratus Energy. 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. At this time, New Stratus' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 66.7 M in 2024, whereas Tax Provision is likely to drop 4,242 in 2024.
New Stratus fundamental ratios Correlations
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New Stratus Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Stratus fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 943.2K | 2.1M | 104.2M | 48.7M | 56.0M | 58.8M | |
Total Current Liabilities | 1.9M | 860.0K | 72.4M | 3.9M | 4.5M | 5.9M | |
Total Stockholder Equity | (961.8K) | 1.2M | 28.3M | 22.1M | 25.4M | 26.6M | |
Net Debt | (141.0K) | (867.4K) | (15.5M) | (33.6M) | (30.3M) | (28.7M) | |
Retained Earnings | (18.5M) | (19.6M) | (4.8M) | (15.0M) | (13.5M) | (14.2M) | |
Accounts Payable | 1.2M | 500.4K | 11.5M | 1.9M | 2.2M | 1.5M | |
Cash | 252.9K | 867.4K | 15.5M | 33.6M | 38.7M | 40.6M | |
Non Current Assets Total | 660.1K | 1.1M | 2.6M | 636.4K | 572.7K | 544.1K | |
Cash And Short Term Investments | 252.9K | 867.4K | 15.5M | 33.6M | 38.7M | 40.6M | |
Net Receivables | 25.0K | 41.6K | 53.3M | 7.5M | 8.6M | 9.0M | |
Common Stock Shares Outstanding | 37.8M | 54.1M | 108.1M | 121.9M | 123.0M | 129.1M | |
Liabilities And Stockholders Equity | 943.2K | 2.1M | 104.2M | 48.7M | 56.0M | 58.8M | |
Other Stockholder Equity | 1.3M | 2.3M | 4.3M | 4.3M | 3.9M | 5.0M | |
Total Liab | 1.9M | 860.0K | 75.9M | 26.6M | 30.6M | 32.1M | |
Total Current Assets | 283.1K | 913.8K | 101.5M | 48.0M | 55.2M | 58.0M | |
Other Current Liab | 594.8K | 359.6K | 60.9M | 2.0M | 2.3M | 4.5M | |
Other Current Assets | 5.2K | 4.8K | 26.7M | 6.9M | 8.0M | 8.4M | |
Accumulated Other Comprehensive Income | (8.1K) | (930.0) | (371.1K) | 965.0K | 1.1M | 1.2M | |
Non Currrent Assets Other | 1.4K | 1.2K | 400.9K | 7.1K | 6.4K | 6.0K | |
Common Stock | 16.2M | 18.5M | 29.2M | 31.8M | 36.6M | 38.4M | |
Net Invested Capital | (850.0K) | 1.2M | 28.3M | 22.1M | 25.4M | 26.6M | |
Capital Stock | 16.2M | 18.5M | 29.2M | 31.8M | 36.6M | 24.2M | |
Net Working Capital | (1.6M) | 53.8K | 29.1M | 44.1M | 50.7M | 53.2M |
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When running New Stratus' price analysis, check to measure New Stratus' 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 New Stratus is operating at the current time. Most of New Stratus' value examination focuses on studying past and present price action to predict the probability of New Stratus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Stratus' price. Additionally, you may evaluate how the addition of New Stratus to your portfolios can decrease your overall portfolio volatility.