| SPX Stock | | | 7,160 260.00 3.77% |
Spirax Sarco financial indicator trend analysis is much more than just breaking down Spirax Sarco Enginee prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spirax Sarco Enginee is a good investment. Please check the relationship between Spirax Sarco Common Stock Total Equity and its Accounts Payable accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Spirax Sarco Engineering PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Common Stock Total Equity vs Accounts Payable
Common Stock Total Equity vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spirax Sarco Enginee Common Stock Total Equity account and
Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between Spirax Sarco's Common Stock Total Equity and Accounts Payable is 0.32. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Spirax Sarco Engineering PLC, assuming nothing else is changed. The correlation between historical values of Spirax Sarco's Common Stock Total 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 Common Stock Total Equity of Spirax Sarco Engineering PLC 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 Common Stock Total Equity i.e., Spirax Sarco's Common Stock Total Equity and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.32 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Accounts Payable
An accounting item on the balance sheet that represents Spirax Sarco 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 Spirax Sarco Enginee 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 Spirax Sarco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spirax Sarco Enginee 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 Spirax Sarco Engineering PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Tax Provision is expected to grow to about 74.4
M, whereas
Selling General Administrative is forecasted to decline to about 277.3
M.
Spirax Sarco fundamental ratios Correlations
Click cells to compare fundamentals
Spirax Sarco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spirax Sarco fundamental ratios Accounts
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Other Information on Investing in Spirax Stock
Balance Sheet is a snapshot of the
financial position of Spirax Sarco Enginee at a specified time, usually calculated after every quarter, six months, or one year. Spirax Sarco Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Spirax Sarco 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 Spirax currently owns. An asset can also be divided into two categories, current and non-current.