X2M Accounts Payable vs Total Current Liabilities Analysis

X2M Stock

0.03 0.00 0.00%

X2M Connect financial indicator trend analysis is more than just analyzing X2M Connect current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether X2M Connect is a good investment. Please check the relationship between X2M Connect Accounts Payable and its Total Current Liabilities accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in X2M Connect. 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 Total Current Liabilities

Accounts Payable vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of X2M Connect Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have no relationship.

The correlation between X2M Connect's Accounts Payable and Total Current Liabilities is 0.09. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of X2M Connect, assuming nothing else is changed. The correlation between historical values of X2M Connect's Accounts Payable and Total Current Liabilities 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 X2M Connect are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Accounts Payable i.e., X2M Connect's Accounts Payable and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.09

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents X2M Connect 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 X2M Connect 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 Current Liabilities

Total Current Liabilities is an item on X2M Connect balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of X2M Connect are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from X2M Connect's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into X2M Connect 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 X2M Connect. 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, X2M Connect's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 5.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4.4 M in 2024.

X2M Connect fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Cash And Equivalents	Short Term Debt	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Current Liab	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total
Total Assets		-0.18	0.83	0.92	0.89	0.8	0.54	0.5	0.97	0.42	0.1	0.99	0.88	-0.86	0.72	-0.91	-0.71	0.97	-0.71	-0.03	-0.92	-0.82	-0.94	0.96	0.88	0.89
Total Current Liabilities	-0.18		-0.67	-0.08	-0.39	0.33	0.33	-0.43	-0.36	-0.91	0.93	-0.09	-0.35	0.63	0.28	0.55	0.52	-0.19	0.6	-0.73	0.38	0.49	0.24	0.09	-0.35	-0.02
Total Stockholder Equity	0.83	-0.67		0.68	0.87	0.36	0.17	0.63	0.91	0.79	-0.46	0.79	0.84	-0.99	0.34	-0.98	-0.87	0.78	-0.89	0.38	-0.91	-0.91	-0.83	0.65	0.86	0.62
Other Assets	0.92	-0.08	0.68		0.7	0.83	0.46	0.53	0.85	0.32	0.24	0.89	0.7	-0.71	0.66	-0.75	-0.43	0.9	-0.43	-0.25	-0.71	-0.56	-0.82	0.94	0.69	0.93
Cash And Short Term Investments	0.89	-0.39	0.87	0.7		0.64	0.51	0.36	0.88	0.58	-0.16	0.88	0.99	-0.89	0.56	-0.95	-0.78	0.89	-0.89	0.25	-0.96	-0.91	-0.85	0.77	1.0	0.68
Net Receivables	0.8	0.33	0.36	0.83	0.64		0.79	0.06	0.65	-0.02	0.63	0.81	0.67	-0.43	0.82	-0.51	-0.24	0.84	-0.31	-0.45	-0.61	-0.41	-0.72	0.9	0.66	0.87
Common Stock Shares Outstanding	0.54	0.33	0.17	0.46	0.51	0.79		-0.43	0.49	-0.04	0.56	0.56	0.58	-0.26	0.92	-0.34	-0.31	0.68	-0.39	-0.08	-0.53	-0.42	-0.6	0.61	0.55	0.68
Inventory	0.5	-0.43	0.63	0.53	0.36	0.06	-0.43		0.51	0.34	-0.38	0.48	0.31	-0.56	-0.12	-0.55	-0.37	0.3	-0.25	0.04	-0.37	-0.38	-0.31	0.41	0.3	0.24
Other Current Assets	0.97	-0.36	0.91	0.85	0.88	0.65	0.49	0.51		0.55	-0.09	0.94	0.88	-0.92	0.69	-0.95	-0.84	0.93	-0.81	0.2	-0.95	-0.9	-0.95	0.87	0.87	0.84
Other Stockholder Equity	0.42	-0.91	0.79	0.32	0.58	-0.02	-0.04	0.34	0.55		-0.73	0.31	0.53	-0.8	0.0	-0.7	-0.61	0.48	-0.73	0.55	-0.58	-0.62	-0.54	0.17	0.56	0.35
Total Liab	0.1	0.93	-0.46	0.24	-0.16	0.63	0.56	-0.38	-0.09	-0.73		0.16	-0.11	0.39	0.53	0.31	0.41	0.14	0.44	-0.78	0.15	0.32	-0.05	0.37	-0.12	0.33
Total Current Assets	0.99	-0.09	0.79	0.89	0.88	0.81	0.56	0.48	0.94	0.31	0.16		0.88	-0.81	0.73	-0.88	-0.7	0.93	-0.69	-0.05	-0.91	-0.81	-0.91	0.97	0.88	0.84
Cash And Equivalents	0.88	-0.35	0.84	0.7	0.99	0.67	0.58	0.31	0.88	0.53	-0.11	0.88		-0.85	0.61	-0.93	-0.76	0.89	-0.87	0.26	-0.95	-0.9	-0.84	0.77	0.99	0.69
Short Term Debt	-0.86	0.63	-0.99	-0.71	-0.89	-0.43	-0.26	-0.56	-0.92	-0.8	0.39	-0.81	-0.85		-0.42	0.98	0.87	-0.83	0.89	-0.34	0.93	0.91	0.89	-0.69	-0.87	-0.69
Common Stock	0.72	0.28	0.34	0.66	0.56	0.82	0.92	-0.12	0.69	0.0	0.53	0.73	0.61	-0.42		-0.49	-0.47	0.79	-0.43	-0.08	-0.64	-0.54	-0.75	0.78	0.58	0.82
Property Plant Equipment	-0.91	0.55	-0.98	-0.75	-0.95	-0.51	-0.34	-0.55	-0.95	-0.7	0.31	-0.88	-0.93	0.98	-0.49		0.86	-0.87	0.9	-0.33	0.96	0.94	0.88	-0.75	-0.93	-0.7
Short Long Term Debt Total	-0.71	0.52	-0.87	-0.43	-0.78	-0.24	-0.31	-0.37	-0.84	-0.61	0.41	-0.7	-0.76	0.87	-0.47	0.86		-0.66	0.93	-0.56	0.9	0.97	0.79	-0.53	-0.78	-0.48
Other Current Liab	0.97	-0.19	0.78	0.9	0.89	0.84	0.68	0.3	0.93	0.48	0.14	0.93	0.89	-0.83	0.79	-0.87	-0.66		-0.72	-0.01	-0.91	-0.79	-0.96	0.92	0.89	0.94
Other Liab	-0.71	0.6	-0.89	-0.43	-0.89	-0.31	-0.39	-0.25	-0.81	-0.73	0.44	-0.69	-0.87	0.89	-0.43	0.9	0.93	-0.72		-0.57	0.93	0.97	0.79	-0.51	-0.9	-0.49
Net Tangible Assets	-0.03	-0.73	0.38	-0.25	0.25	-0.45	-0.08	0.04	0.2	0.55	-0.78	-0.05	0.26	-0.34	-0.08	-0.33	-0.56	-0.01	-0.57		-0.28	-0.48	-0.05	-0.28	0.22	-0.22
Property Plant And Equipment Net	-0.92	0.38	-0.91	-0.71	-0.96	-0.61	-0.53	-0.37	-0.95	-0.58	0.15	-0.91	-0.95	0.93	-0.64	0.96	0.9	-0.91	0.93	-0.28		0.97	0.94	-0.8	-0.96	-0.74
Net Debt	-0.82	0.49	-0.91	-0.56	-0.91	-0.41	-0.42	-0.38	-0.9	-0.62	0.32	-0.81	-0.9	0.91	-0.54	0.94	0.97	-0.79	0.97	-0.48	0.97		0.85	-0.65	-0.91	-0.58
Retained Earnings	-0.94	0.24	-0.83	-0.82	-0.85	-0.72	-0.6	-0.31	-0.95	-0.54	-0.05	-0.91	-0.84	0.89	-0.75	0.88	0.79	-0.96	0.79	-0.05	0.94	0.85		-0.87	-0.87	-0.9
Accounts Payable	0.96	0.09	0.65	0.94	0.77	0.9	0.61	0.41	0.87	0.17	0.37	0.97	0.77	-0.69	0.78	-0.75	-0.53	0.92	-0.51	-0.28	-0.8	-0.65	-0.87		0.77	0.91
Cash	0.88	-0.35	0.86	0.69	1.0	0.66	0.55	0.3	0.87	0.56	-0.12	0.88	0.99	-0.87	0.58	-0.93	-0.78	0.89	-0.9	0.22	-0.96	-0.91	-0.87	0.77		0.69
Non Current Assets Total	0.89	-0.02	0.62	0.93	0.68	0.87	0.68	0.24	0.84	0.35	0.33	0.84	0.69	-0.69	0.82	-0.7	-0.48	0.94	-0.49	-0.22	-0.74	-0.58	-0.9	0.91	0.69

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X2M Connect Account Relationship Matchups

X2M Connect fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.5M	6.9M	8.2M	14.2M	13.5M	9.6M
Total Current Liabilities	6.1M	6.4M	6.0M	13.1M	9.4M	9.6M
Total Stockholder Equity	(1.4M)	185.2K	1.6M	405.2K	544.9K	572.1K
Other Assets	256.1K	128.0K	202.0K	429.7K	494.2K	254.6K
Cash And Short Term Investments	302.1K	2.0M	1.0M	1.8M	1.9M	1.3M
Net Receivables	916.5K	1.3M	980.6K	2.6M	2.9M	1.9M
Long Term Debt Total	64.3K	113.2K	340.4K	257.5K	296.1K	170.6K
Liabilities And Stockholders Equity	5.5M	6.9M	8.2M	14.2M	13.5M	9.6M
Inventory	269.0K	76.3K	135.1K	228.2K	71.7K	68.1K
Other Current Assets	681.1K	1.1M	2.1M	2.5M	2.5M	1.7M
Other Stockholder Equity	23.8K	415.6K	2.1M	(26.4M)	(1.0)	(1.05)
Total Liab	6.9M	6.8M	6.6M	13.8M	13.0M	10.8M
Total Current Assets	2.2M	4.0M	4.2M	9.3M	7.4M	5.3M
Cash And Equivalents	111.9K	2.0M	1.0M	1.8M	2.1M	1.1M
Short Term Debt	4.7M	2.7M	801.6K	2.2M	439.9K	417.9K
Common Stock	260.0	9.4M	19.3M	24.1M	29.0M	17.5M
Property Plant Equipment	1.3M	632.9K	627.6K	450.3K	405.2K	799.8K

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