Opus Accounts Payable vs Total Current Liabilities Analysis

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Opus One financial indicator trend analysis is much more than just breaking down Opus One Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Opus One Resources is a good investment. Please check the relationship between Opus One Accounts Payable and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opus One Resources. 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.

Accounts Payable vs Total Current Liabilities

Accounts Payable vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Opus One Resources Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Opus One's Accounts Payable and Total Current Liabilities is 0.65. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Opus One Resources, assuming nothing else is changed. The correlation between historical values of Opus One's Accounts Payable and Total Current Liabilities 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 Opus One Resources are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Accounts Payable i.e., Opus One's Accounts Payable and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.65

Relationship Direction	Positive
Relationship Strength	Significant

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Accounts Payable

An accounting item on the balance sheet that represents Opus One 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 Opus One Resources 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.

Total Current Liabilities

Total Current Liabilities is an item on Opus One balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Opus One Resources 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.

Most indicators from Opus One's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Opus One Resources 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, which includes a position in Opus One Resources. 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.

Selling General Administrative is likely to climb to about 416.2 K in 2024. Issuance Of Capital Stock is likely to climb to about 605.3 K in 2024

Opus One fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Other Current Assets	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Net Debt	Short Long Term Debt
Total Assets		0.81	0.32	0.96	0.95	-0.14	0.03	0.6	0.0	0.33	0.33	0.55	0.32	0.47	-0.02	0.68	0.38	0.14	0.52	0.16	0.14	0.5	0.19	0.23	-0.02	-0.02
Other Current Liab	0.81		0.66	0.65	0.68	-0.44	0.4	0.49	-0.45	0.58	0.67	0.35	0.52	0.51	-0.03	0.65	0.47	0.37	0.25	-0.05	0.33	0.28	-0.02	0.01	-0.03	-0.03
Total Current Liabilities	0.32	0.66		0.03	0.36	-0.84	0.65	0.04	-0.72	0.94	1.0	-0.14	0.91	0.75	-0.27	0.49	0.65	0.9	-0.42	-0.51	0.83	-0.27	-0.64	-0.67	-0.27	-0.27
Total Stockholder Equity	0.96	0.65	0.03		0.89	0.11	-0.17	0.63	0.23	0.06	0.04	0.62	0.05	0.26	0.06	0.56	0.2	-0.14	0.68	0.33	-0.11	0.61	0.4	0.45	0.06	0.06
Net Tangible Assets	0.95	0.68	0.36	0.89		-0.18	-0.1	0.57	0.06	0.4	0.37	0.52	0.41	0.55	-0.1	0.62	0.44	0.28	0.37	0.09	0.28	0.33	0.04	0.05	-0.1	-0.1
Retained Earnings	-0.14	-0.44	-0.84	0.11	-0.18		-0.59	0.37	0.72	-0.86	-0.84	0.53	-0.88	-0.79	0.47	-0.6	-0.74	-0.84	0.62	0.82	-0.81	0.23	0.81	0.79	0.47	0.47
Accounts Payable	0.03	0.4	0.65	-0.17	-0.1	-0.59		-0.18	-0.63	0.55	0.65	-0.31	0.51	0.35	-0.16	0.32	0.34	0.44	-0.2	-0.3	0.42	-0.07	-0.36	-0.35	-0.16	-0.16
Cash	0.6	0.49	0.04	0.63	0.57	0.37	-0.18		0.24	-0.11	0.04	0.97	-0.2	-0.24	0.27	-0.15	-0.28	-0.16	0.65	0.75	-0.2	0.11	0.43	0.42	0.27	0.27
Net Receivables	0.0	-0.45	-0.72	0.23	0.06	0.72	-0.63	0.24		-0.7	-0.72	0.45	-0.65	-0.53	0.23	-0.37	-0.38	-0.64	0.42	0.54	-0.6	0.1	0.46	0.47	0.23	0.23
Other Stockholder Equity	0.33	0.58	0.94	0.06	0.4	-0.86	0.55	-0.11	-0.7		0.95	-0.27	0.94	0.87	-0.26	0.63	0.66	0.94	-0.4	-0.62	0.87	-0.08	-0.64	-0.68	-0.26	-0.26
Total Liab	0.33	0.67	1.0	0.04	0.37	-0.84	0.65	0.04	-0.72	0.95		-0.14	0.91	0.76	-0.27	0.51	0.65	0.9	-0.41	-0.51	0.83	-0.25	-0.64	-0.67	-0.27	-0.27
Total Current Assets	0.55	0.35	-0.14	0.62	0.52	0.53	-0.31	0.97	0.45	-0.27	-0.14		-0.35	-0.35	0.35	-0.22	-0.36	-0.32	0.71	0.83	-0.35	0.16	0.54	0.53	0.35	0.35
Common Stock	0.32	0.52	0.91	0.05	0.41	-0.88	0.51	-0.2	-0.65	0.94	0.91	-0.35		0.91	-0.43	0.66	0.83	0.91	-0.53	-0.71	0.9	-0.21	-0.7	-0.73	-0.43	-0.43
Property Plant Equipment	0.47	0.51	0.75	0.26	0.55	-0.79	0.35	-0.24	-0.53	0.87	0.76	-0.35	0.91		-0.24	0.84	0.84	0.77	-0.35	-0.69	0.73	0.11	-0.5	-0.52	-0.24	-0.24
Other Current Assets	-0.02	-0.03	-0.27	0.06	-0.1	0.47	-0.16	0.27	0.23	-0.26	-0.27	0.35	-0.43	-0.24		-0.2	-0.35	-0.41	0.42	0.47	-0.63	0.39	0.71	0.62	1.0	1.0
Non Current Assets Total	0.68	0.65	0.49	0.56	0.62	-0.6	0.32	-0.15	-0.37	0.63	0.51	-0.22	0.66	0.84	-0.2		0.75	0.41	0.04	-0.5	0.42	0.51	-0.16	-0.13	-0.2	-0.2
Non Currrent Assets Other	0.38	0.47	0.65	0.2	0.44	-0.74	0.34	-0.28	-0.38	0.66	0.65	-0.36	0.83	0.84	-0.35	0.75		0.57	-0.44	-0.67	0.59	-0.13	-0.48	-0.48	-0.35	-0.35
Common Stock Shares Outstanding	0.14	0.37	0.9	-0.14	0.28	-0.84	0.44	-0.16	-0.64	0.94	0.9	-0.32	0.91	0.77	-0.41	0.41	0.57		-0.58	-0.65	0.95	-0.34	-0.81	-0.86	-0.41	-0.41
Net Invested Capital	0.52	0.25	-0.42	0.68	0.37	0.62	-0.2	0.65	0.42	-0.4	-0.41	0.71	-0.53	-0.35	0.42	0.04	-0.44	-0.58		0.81	-0.59	0.7	0.81	0.84	0.42	0.42
Net Working Capital	0.16	-0.05	-0.51	0.33	0.09	0.82	-0.3	0.75	0.54	-0.62	-0.51	0.83	-0.71	-0.69	0.47	-0.5	-0.67	-0.65	0.81		-0.66	0.22	0.76	0.75	0.47	0.47
Capital Stock	0.14	0.33	0.83	-0.11	0.28	-0.81	0.42	-0.2	-0.6	0.87	0.83	-0.35	0.9	0.73	-0.63	0.42	0.59	0.95	-0.59	-0.66		-0.38	-0.85	-0.87	-0.63	-0.63
Property Plant And Equipment Net	0.5	0.28	-0.27	0.61	0.33	0.23	-0.07	0.11	0.1	-0.08	-0.25	0.16	-0.21	0.11	0.39	0.51	-0.13	-0.34	0.7	0.22	-0.38		0.61	0.65	0.39	0.39
Capital Lease Obligations	0.19	-0.02	-0.64	0.4	0.04	0.81	-0.36	0.43	0.46	-0.64	-0.64	0.54	-0.7	-0.5	0.71	-0.16	-0.48	-0.81	0.81	0.76	-0.85	0.61		0.99	0.71	0.71
Property Plant And Equipment Gross	0.23	0.01	-0.67	0.45	0.05	0.79	-0.35	0.42	0.47	-0.68	-0.67	0.53	-0.73	-0.52	0.62	-0.13	-0.48	-0.86	0.84	0.75	-0.87	0.65	0.99		0.62	0.62
Net Debt	-0.02	-0.03	-0.27	0.06	-0.1	0.47	-0.16	0.27	0.23	-0.26	-0.27	0.35	-0.43	-0.24	1.0	-0.2	-0.35	-0.41	0.42	0.47	-0.63	0.39	0.71	0.62		1.0
Short Long Term Debt	-0.02	-0.03	-0.27	0.06	-0.1	0.47	-0.16	0.27	0.23	-0.26	-0.27	0.35	-0.43	-0.24	1.0	-0.2	-0.35	-0.41	0.42	0.47	-0.63	0.39	0.71	0.62	1.0

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Opus One Account Relationship Matchups

Opus One fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.5M	4.0M	2.8M	1.8M	2.1M	3.0M
Other Current Liab	604.8K	262.5K	327.1K	84.2K	96.9K	191.7K
Total Current Liabilities	744.6K	359.4K	620.4K	626.3K	720.3K	367.0K
Total Stockholder Equity	3.8M	3.7M	2.2M	1.2M	1.4M	2.6M
Net Tangible Assets	1.8M	3.8M	3.7M	2.2M	2.5M	2.7M
Retained Earnings	(16.6M)	(16.8M)	(18.5M)	(20.0M)	(18.0M)	(18.9M)
Accounts Payable	117.8K	48.3K	182.3K	85.7K	98.5K	91.3K
Cash	2.2M	437.0K	33.5K	164.6K	148.1K	140.7K
Net Receivables	95.5K	122.7K	192.4K	146.6K	132.0K	205.8K
Total Liab	744.6K	381.7K	620.4K	626.3K	720.3K	369.4K
Total Current Assets	2.3M	634.7K	185.8K	254.8K	229.3K	217.8K
Common Stock	17.2M	19.2M	19.3M	19.5M	22.4M	18.8M
Property Plant Equipment	1.9M	2.3M	3.4M	2.6M	3.0M	2.2M
Non Current Assets Total	2.3M	3.4M	2.6M	1.6M	1.8M	2.4M
Common Stock Shares Outstanding	117.1M	118.9M	122.6M	157.7M	181.3M	111.2M
Net Invested Capital	3.8M	3.7M	2.2M	1.2M	1.1M	2.1M
Net Working Capital	1.5M	275.3K	(434.6K)	(371.5K)	(334.4K)	(317.7K)
Capital Stock	19.2M	19.3M	19.5M	20.0M	23.0M	20.6M

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