Onfolio Accounts Payable vs Other Current Liab Analysis
ONFOW Stock | USD 0.20 0.01 5.26% |
Onfolio Holdings financial indicator trend analysis is much more than just breaking down Onfolio Holdings Warrant prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Onfolio Holdings Warrant is a good investment. Please check the relationship between Onfolio Holdings Accounts Payable and its Other Current Liab accounts. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Accounts Payable vs Other Current Liab
Accounts Payable vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Onfolio Holdings Warrant Accounts Payable account and Other Current Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Onfolio Holdings' Accounts Payable and Other Current Liab is 0.85. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Onfolio Holdings Warrant, assuming nothing else is changed. The correlation between historical values of Onfolio Holdings' Accounts Payable and Other Current Liab 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 Onfolio Holdings Warrant are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Accounts Payable i.e., Onfolio Holdings' Accounts Payable and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Onfolio Holdings 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 Onfolio Holdings Warrant 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.Other Current Liab
Most indicators from Onfolio Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Onfolio Holdings Warrant 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 Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, Onfolio Holdings' Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 2.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 735.0K | 1.2M | 3.2M | 3.4M | Total Revenue | 1.8M | 2.2M | 5.2M | 5.5M |
Onfolio Holdings fundamental ratios Correlations
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Onfolio Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Onfolio Stock Analysis
When running Onfolio Holdings' price analysis, check to measure Onfolio Holdings' 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 Onfolio Holdings is operating at the current time. Most of Onfolio Holdings' value examination focuses on studying past and present price action to predict the probability of Onfolio Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onfolio Holdings' price. Additionally, you may evaluate how the addition of Onfolio Holdings to your portfolios can decrease your overall portfolio volatility.