| SBEV Stock | | | USD 0.20 0.01 4.76% |
Splash Beverage financial indicator trend analysis is much more than just breaking down Splash Beverage Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Splash Beverage Group is a good investment. Please check the relationship between Splash Beverage Other Stockholder Equity and its Accounts Payable accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Splash Beverage Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Other Stockholder Equity vs Accounts Payable
Other Stockholder Equity vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Splash Beverage Group Other Stockholder Equity account and
Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Splash Beverage's Other Stockholder Equity and Accounts Payable is 0.97. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Splash Beverage Group, assuming nothing else is changed. The correlation between historical values of Splash Beverage's Other Stockholder Equity 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 Stockholder Equity of Splash Beverage Group 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 Stockholder Equity i.e., Splash Beverage's Other Stockholder Equity and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Stockholder Equity
Accounts Payable
An accounting item on the balance sheet that represents Splash Beverage 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 Splash Beverage Group 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 Splash Beverage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Splash Beverage Group 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Splash Beverage Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, Splash Beverage's
Selling General Administrative is fairly stable compared to the past year.
Discontinued Operations is likely to climb to about 355.7
K in 2024, despite the fact that
Enterprise Value Over EBITDA is likely to grow to
(2.09).
Splash Beverage fundamental ratios Correlations
Click cells to compare fundamentals
Splash Beverage Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Splash Beverage fundamental ratios Accounts
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Additional Tools for Splash Stock Analysis
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