| VINO Stock | | | 35.50 0.50 1.39% |
Virgin Wines financial indicator trend analysis is much more than just breaking down Virgin Wines UK prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Virgin Wines UK is a good investment. Please check the relationship between Virgin Wines Accounts Payable and its Other Liab accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Virgin Wines UK. 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 Other Liab
Accounts Payable vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Virgin Wines UK Accounts Payable account and
Other Liab. At this time, the significance of the direction appears to have very week relationship.
The correlation between Virgin Wines' Accounts Payable and Other Liab is 0.29. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Liab in the same time period over historical financial statements of Virgin Wines UK, assuming nothing else is changed. The correlation between historical values of Virgin Wines' Accounts Payable and Other Liab 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 Virgin Wines UK are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Accounts Payable i.e., Virgin Wines' Accounts Payable and Other Liab go up and down completely randomly.
Correlation Coefficient | 0.29 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Virgin Wines 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 Virgin Wines UK 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.
Other Liab
Most indicators from Virgin Wines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Virgin Wines UK 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 Virgin Wines UK. 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.
At this time, Virgin Wines'
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 319
K in 2024, whereas
Issuance Of Capital Stock is likely to drop 1,900 in 2024.
Virgin Wines fundamental ratios Correlations
Click cells to compare fundamentals
Virgin Wines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Virgin Wines fundamental ratios Accounts
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Additional Tools for Virgin Stock Analysis
When running Virgin Wines' price analysis, check to
measure Virgin Wines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Virgin Wines is operating at the current time. Most of Virgin Wines' value examination focuses on studying past and present price action to
predict the probability of Virgin Wines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Virgin Wines' price. Additionally, you may evaluate how the addition of Virgin Wines to your portfolios can decrease your overall portfolio volatility.