WABAG Stock | | | 1,694 9.05 0.53% |
VA Tech financial indicator trend analysis is much more than just breaking down VA Tech Wabag prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VA Tech Wabag is a good investment. Please check the relationship between VA Tech Accounts Payable and its Total Stockholder Equity accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in VA Tech Wabag. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Accounts Payable vs Total Stockholder Equity
Accounts Payable vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
VA Tech Wabag Accounts Payable account and
Total Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between VA Tech's Accounts Payable and Total Stockholder Equity is 0.45. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of VA Tech Wabag, assuming nothing else is changed. The correlation between historical values of VA Tech's Accounts Payable and Total Stockholder Equity 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 VA Tech Wabag are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Accounts Payable i.e., VA Tech's Accounts Payable and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents VA Tech 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 VA Tech Wabag 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.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from VA Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VA Tech Wabag 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in VA Tech Wabag. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
As of the 24th of November 2024,
Selling General Administrative is likely to grow to about 299.8
M, while
Tax Provision is likely to drop about 411.9
M.
VA Tech fundamental ratios Correlations
Click cells to compare fundamentals
VA Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
VA Tech fundamental ratios Accounts
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Other Information on Investing in WABAG Stock
Balance Sheet is a snapshot of the
financial position of VA Tech Wabag at a specified time, usually calculated after every quarter, six months, or one year. VA Tech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of VA Tech 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 WABAG currently owns. An asset can also be divided into two categories, current and non-current.