State Total Current Assets vs Accounts Payable Analysis
| SBID Stock | USD 96.50 4.20 4.55% |
State Bank financial indicator trend analysis is much more than just breaking down State Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether State Bank is a good investment. Please check the relationship between State Bank Total Current Assets and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in State Bank of. 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 Assets vs Accounts Payable
Total Current Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of State Bank Total Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between State Bank's Total Current Assets and Accounts Payable is -0.11. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of State Bank of, assuming nothing else is changed. The correlation between historical values of State Bank's Total 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 Total Current Assets of State Bank of 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 Assets i.e., State Bank's Total Current Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.11 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Accounts Payable
An accounting item on the balance sheet that represents State Bank 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 State Bank 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 State Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into State Bank 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 State Bank of. 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. The value of Tax Provision is estimated to slide to about 124.5 B. The value of Selling General Administrative is expected to slide to about 42.1 B
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 2.9T | 3.5T | 4.4T | 3.3T | Net Interest Income | 1.3T | 1.6T | 1.8T | 1.4T |
State Bank fundamental ratios Correlations
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State Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
State Bank fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 42.0T | 48.5T | 53.6T | 59.5T | 67.3T | 54.4T | |
| Other Current Liab | 269.9B | 177.8B | 358.7B | 319.9B | 287.9B | 300.9B | |
| Total Current Liabilities | 33.2T | 37.5T | 41.4T | 45.3T | 52.1T | 39.5T | |
| Total Stockholder Equity | 2.5T | 2.8T | 3.1T | 3.6T | 4.1T | 3.3T | |
| Other Liab | 2.9T | 3.8T | 4.5T | 5.3T | 6.1T | 3.8T | |
| Net Tangible Assets | 2.5T | 2.7T | 3.0T | 3.6T | 4.1T | 3.0T | |
| Retained Earnings | 1.2T | 1.4T | 1.7T | 2.1T | 720.2B | 684.2B | |
| Accounts Payable | 32.7T | 37.2T | 40.9T | 44.7T | 328.6B | 312.2B | |
| Cash | 4.2T | 5.3T | 4.0T | 3.2T | 6.0T | 4.6T | |
| Other Assets | 24.5T | 26.2T | 28.9T | 34.0T | 39.1T | 28.8T | |
| Inventory | 145.4M | 105.0M | 115.2M | 9.9M | 8.9M | 8.5M | |
| Other Current Assets | 3.7T | 4.3T | 5.5T | 5.0T | 5.8T | 4.6T | |
| Other Stockholder Equity | 490.5B | 523.5B | 583.7B | 707.1B | 813.1B | 574.5B | |
| Total Liab | 39.4T | 45.6T | 50.4T | 55.8T | 63.0T | 51.0T | |
| Net Invested Capital | 5.8T | 7.0T | 7.5T | 8.8T | 9.7T | 7.8T | |
| Long Term Investments | 12.3T | 16.0T | 17.8T | 19.1T | 21.1T | 17.2T | |
| Total Current Assets | 4.8T | 5.9T | 6.5T | 6.0T | 6.9T | 5.6T | |
| Property Plant Equipment | 400.8B | 401.7B | 395.1B | 444.1B | 510.7B | 451.2B |
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Balance Sheet is a snapshot of the financial position of State Bank at a specified time, usually calculated after every quarter, six months, or one year. State Bank Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of State Bank and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which State currently owns. An asset can also be divided into two categories, current and non-current.