Supreme Total Liab vs Accounts Payable Analysis

SUPREMEIND

3,576 118.40 3.20%

Supreme Industries financial indicator trend analysis is much more than just breaking down Supreme Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Supreme Industries is a good investment. Please check the relationship between Supreme Industries Total Liab and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Supreme Industries Limited. 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.

Total Liab vs Accounts Payable

Total Liab vs Accounts Payable Correlation Analysis

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

The correlation between Supreme Industries' Total Liab and Accounts Payable is 0.68. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Supreme Industries Limited, assuming nothing else is changed. The correlation between historical values of Supreme Industries' Total Liab 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 Liab of Supreme Industries Limited 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 Liab i.e., Supreme Industries' Total Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

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Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Accounts Payable

An accounting item on the balance sheet that represents Supreme Industries 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 Supreme Industries 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 Supreme Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Supreme Industries 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 Supreme Industries Limited. 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.

The current year's Selling General Administrative is expected to grow to about 4.2 B, whereas Tax Provision is forecasted to decline to about 2.4 B.

	2022	2023	2024	2025 (projected)
Interest Expense	80.2M	121.9M	109.7M	104.2M
Depreciation And Amortization	2.6B	3.0B	3.4B	3.6B

Interest Expense Depreciation And Amortization

Supreme Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Cash	Short Term Investments	Current Deferred Revenue	Intangible Assets	Retained Earnings
Total Assets		-0.7	-0.08	0.7	1.0	0.99	-0.91	0.99	1.0	0.21	0.95	0.76	-0.68	-0.31	0.98	0.38	0.05	0.68	1.0	-0.54	0.56	0.95	0.01	-0.45	0.82	-0.42
Short Long Term Debt Total	-0.7		0.13	-0.35	-0.75	-0.66	0.86	-0.72	-0.68	-0.01	-0.72	-0.68	0.34	0.66	-0.68	-0.12	-0.24	-0.19	-0.72	0.74	-0.16	-0.72	0.06	0.54	-0.47	0.72
Other Current Liab	-0.08	0.13		0.15	-0.12	-0.03	0.04	-0.11	-0.07	-0.72	-0.12	-0.09	-0.3	-0.1	-0.09	-0.13	-0.32	0.21	-0.11	0.02	0.28	-0.12	-0.05	-0.01	-0.05	0.39
Total Current Liabilities	0.7	-0.35	0.15		0.66	0.75	-0.57	0.71	0.72	0.11	0.55	0.74	-0.38	-0.34	0.74	0.54	0.02	0.96	0.68	-0.04	0.79	0.55	-0.17	-0.11	0.51	-0.14
Total Stockholder Equity	1.0	-0.75	-0.12	0.66		0.98	-0.93	0.99	0.99	0.23	0.96	0.77	-0.64	-0.33	0.97	0.36	0.08	0.63	1.0	-0.59	0.5	0.96	0.02	-0.48	0.81	-0.46
Property Plant And Equipment Net	0.99	-0.66	-0.03	0.75	0.98		-0.87	0.99	0.99	0.19	0.91	0.77	-0.7	-0.33	0.98	0.38	0.07	0.73	0.98	-0.45	0.63	0.91	-0.1	-0.38	0.82	-0.39
Net Debt	-0.91	0.86	0.04	-0.57	-0.93	-0.87		-0.9	-0.89	-0.09	-0.95	-0.74	0.51	0.42	-0.85	-0.26	-0.07	-0.5	-0.93	0.74	-0.34	-0.95	-0.13	0.51	-0.72	0.5
Accounts Payable	0.99	-0.72	-0.11	0.71	0.99	0.99	-0.9		0.99	0.23	0.93	0.77	-0.66	-0.34	0.98	0.41	0.08	0.68	0.99	-0.52	0.57	0.93	-0.06	-0.45	0.81	-0.46
Non Current Assets Total	1.0	-0.68	-0.07	0.72	0.99	0.99	-0.89	0.99		0.21	0.94	0.76	-0.69	-0.3	0.98	0.39	0.06	0.7	0.99	-0.5	0.59	0.94	-0.02	-0.42	0.83	-0.4
Non Currrent Assets Other	0.21	-0.01	-0.72	0.11	0.23	0.19	-0.09	0.23	0.21		0.19	0.2	0.26	0.36	0.24	0.42	0.34	0.13	0.23	-0.03	0.05	0.19	-0.05	0.18	-0.01	-0.22
Cash And Short Term Investments	0.95	-0.72	-0.12	0.55	0.96	0.91	-0.95	0.93	0.94	0.19		0.66	-0.62	-0.22	0.88	0.3	-0.01	0.55	0.96	-0.67	0.4	1.0	0.16	-0.45	0.84	-0.41
Net Receivables	0.76	-0.68	-0.09	0.74	0.77	0.77	-0.74	0.77	0.76	0.2	0.66		-0.24	-0.47	0.78	0.1	0.31	0.64	0.76	-0.48	0.38	0.66	-0.16	-0.27	0.52	-0.44
Common Stock Shares Outstanding	-0.68	0.34	-0.3	-0.38	-0.64	-0.7	0.51	-0.66	-0.69	0.26	-0.62	-0.24		0.2	-0.63	-0.15	0.24	-0.43	-0.65	0.22	-0.62	-0.62	0.03	0.33	-0.74	0.15
Non Current Liabilities Total	-0.31	0.66	-0.1	-0.34	-0.33	-0.33	0.42	-0.34	-0.3	0.36	-0.22	-0.47	0.2		-0.35	0.09	-0.01	-0.1	-0.31	0.12	-0.1	-0.22	0.17	0.45	-0.17	0.3
Inventory	0.98	-0.68	-0.09	0.74	0.97	0.98	-0.85	0.98	0.98	0.24	0.88	0.78	-0.63	-0.35		0.41	0.07	0.7	0.97	-0.46	0.58	0.88	-0.04	-0.46	0.74	-0.41
Other Current Assets	0.38	-0.12	-0.13	0.54	0.36	0.38	-0.26	0.41	0.39	0.42	0.3	0.1	-0.15	0.09	0.41		0.03	0.57	0.37	0.01	0.6	0.3	-0.09	-0.19	0.18	-0.19
Other Stockholder Equity	0.05	-0.24	-0.32	0.02	0.08	0.07	-0.07	0.08	0.06	0.34	-0.01	0.31	0.24	-0.01	0.07	0.03		-0.04	0.05	-0.23	0.06	-0.01	-0.27	0.23	-0.21	-0.41
Total Liab	0.68	-0.19	0.21	0.96	0.63	0.73	-0.5	0.68	0.7	0.13	0.55	0.64	-0.43	-0.1	0.7	0.57	-0.04		0.65	-0.03	0.83	0.55	-0.11	-0.03	0.54	-0.04
Total Current Assets	1.0	-0.72	-0.11	0.68	1.0	0.98	-0.93	0.99	0.99	0.23	0.96	0.76	-0.65	-0.31	0.97	0.37	0.05	0.65		-0.57	0.52	0.96	0.03	-0.46	0.81	-0.44
Short Term Debt	-0.54	0.74	0.02	-0.04	-0.59	-0.45	0.74	-0.52	-0.5	-0.03	-0.67	-0.48	0.22	0.12	-0.46	0.01	-0.23	-0.03	-0.57		0.1	-0.66	-0.14	0.47	-0.39	0.57
Common Stock	0.56	-0.16	0.28	0.79	0.5	0.63	-0.34	0.57	0.59	0.05	0.4	0.38	-0.62	-0.1	0.58	0.6	0.06	0.83	0.52	0.1		0.4	-0.26	0.06	0.44	-0.15
Cash	0.95	-0.72	-0.12	0.55	0.96	0.91	-0.95	0.93	0.94	0.19	1.0	0.66	-0.62	-0.22	0.88	0.3	-0.01	0.55	0.96	-0.66	0.4		0.16	-0.44	0.84	-0.41
Short Term Investments	0.01	0.06	-0.05	-0.17	0.02	-0.1	-0.13	-0.06	-0.02	-0.05	0.16	-0.16	0.03	0.17	-0.04	-0.09	-0.27	-0.11	0.03	-0.14	-0.26	0.16		-0.17	-0.05	0.23
Current Deferred Revenue	-0.45	0.54	-0.01	-0.11	-0.48	-0.38	0.51	-0.45	-0.42	0.18	-0.45	-0.27	0.33	0.45	-0.46	-0.19	0.23	-0.03	-0.46	0.47	0.06	-0.44	-0.17		-0.36	0.17
Intangible Assets	0.82	-0.47	-0.05	0.51	0.81	0.82	-0.72	0.81	0.83	-0.01	0.84	0.52	-0.74	-0.17	0.74	0.18	-0.21	0.54	0.81	-0.39	0.44	0.84	-0.05	-0.36		-0.28
Retained Earnings	-0.42	0.72	0.39	-0.14	-0.46	-0.39	0.5	-0.46	-0.4	-0.22	-0.41	-0.44	0.15	0.3	-0.41	-0.19	-0.41	-0.04	-0.44	0.57	-0.15	-0.41	0.23	0.17	-0.28

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Supreme Industries Account Relationship Matchups

Supreme Industries fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	42.8B	50.0B	56.9B	65.6B	75.4B	79.2B
Short Long Term Debt Total	376.7M	456.8M	511.7M	550.6M	495.5M	470.8M
Other Current Liab	2.2B	1.9B	2.2B	1.9B	1.7B	1.9B
Total Current Liabilities	9.7B	10.0B	11.4B	12.7B	14.6B	8.0B
Total Stockholder Equity	31.7B	38.4B	44.0B	51.1B	58.8B	61.7B
Property Plant And Equipment Net	17.5B	19.2B	21.4B	24.1B	27.7B	29.1B
Net Debt	(7.2B)	(4.7B)	(6.9B)	(11.2B)	(10.1B)	(9.6B)
Accounts Payable	6.5B	7.9B	9.0B	10.2B	11.7B	12.3B
Non Current Assets Total	22.2B	25.2B	28.2B	32.7B	37.6B	39.5B
Non Currrent Assets Other	932M	1.5B	6.7B	1.0B	1.2B	874.9M
Cash And Short Term Investments	7.6B	5.2B	7.5B	11.8B	13.6B	14.2B
Net Receivables	3.9B	4.7B	4.9B	5.1B	5.9B	3.1B
Liabilities And Stockholders Equity	42.8B	50.0B	56.9B	65.6B	75.4B	79.2B
Non Current Liabilities Total	1.4B	1.5B	1.6B	1.7B	1.6B	2.0B
Inventory	7.6B	12.6B	13.9B	13.6B	15.6B	16.4B
Other Current Assets	1.5B	2.3B	2.6B	2.4B	2.7B	1.5B
Other Stockholder Equity	18.3B	474.9M	29.3B	35.9B	546.1M	518.8M
Total Liab	11.1B	11.5B	12.9B	14.5B	16.6B	10.8B
Total Current Assets	20.7B	24.8B	28.8B	32.9B	37.8B	39.7B
Accumulated Other Comprehensive Income	28.8B	35.4B	40.8B	47.6B	54.7B	57.4B
Short Term Debt	114M	133.9M	144.5M	129.3M	116.4M	110.6M
Cash	7.6B	5.2B	7.4B	11.8B	13.6B	14.2B
Short Term Investments	74.2M	11.2M	104.4M	22.4M	20.2M	19.2M
Current Deferred Revenue	3.1B	436.6M	429.8M	532.4M	479.2M	455.2M
Intangible Assets	111.7M	76.2M	54.5M	582M	669.3M	702.8M
Retained Earnings	2.2B	2.3B	2.5B	2.8B	2.5B	2.4B
Other Liab	1.4B	1.6B	1.2B	1.2B	1.4B	1.4B
Net Tangible Assets	21.3B	22.5B	31.6B	38.4B	44.1B	22.6B
Other Assets	1.0B	1.1B	1.2B	885.5M	1.0B	895.1M
Property Plant Equipment	16.8B	17.5B	19.2B	21.4B	24.6B	16.8B
Long Term Debt Total	303.6M	262.7M	322.9M	367.2M	330.5M	208.9M
Non Current Liabilities Other	43M	40.3M	23.2M	61.4M	70.6M	74.1M
Net Invested Capital	31.7B	38.4B	44.0B	51.1B	58.8B	36.9B
Net Working Capital	11.0B	14.7B	17.4B	20.1B	23.2B	11.8B
Capital Lease Obligations	256.6M	456.8M	511.7M	421.3M	484.5M	450.0M

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Other Information on Investing in Supreme Stock

Balance Sheet is a snapshot of the financial position of Supreme Industries at a specified time, usually calculated after every quarter, six months, or one year. Supreme Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Supreme Industries 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 Supreme currently owns. An asset can also be divided into two categories, current and non-current.

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Supreme Total Liab vs Accounts Payable Analysis

Total Liab vs Accounts Payable

Total Liab vs Accounts Payable Correlation Analysis

Correlation Coefficient

Total Liab

Accounts Payable

Supreme Industries fundamental ratios Correlations

Supreme Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Supreme Industries fundamental ratios Accounts

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Other Information on Investing in Supreme Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Stockholder Equity
Cash	+ 1.0	Cash And Short Term Investments
Property Plant And Equipment Net	+ 0.99	Total Assets

Cash	- 0.95	Net Debt
Cash And Short Term Investments	- 0.95	Net Debt
Total Current Assets	- 0.93	Net Debt
Net Debt	- 0.93	Total Stockholder Equity
Net Debt	- 0.91	Total Assets
Accounts Payable	- 0.9	Net Debt