| ZENITHSTL | | | 9.04 0.03 0.33% |
Zenith Steel financial indicator trend analysis is more than just analyzing Zenith Steel Pipes current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zenith Steel Pipes is a good investment. Please check the relationship between Zenith Steel 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 Zenith Steel Pipes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
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
Zenith Steel Pipes Accounts Payable account and
Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zenith Steel's Accounts Payable and Total Stockholder Equity is 0.69. 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 Zenith Steel Pipes, assuming nothing else is changed. The correlation between historical values of Zenith Steel'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 Zenith Steel Pipes 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., Zenith Steel's Accounts Payable and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.69 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Zenith Steel 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 Zenith Steel Pipes 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 Zenith Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zenith Steel Pipes 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 Zenith Steel Pipes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Selling General Administrative is likely to drop to about 1.8
M in 2024.
Tax Provision is expected to grow at the current pace this year
Zenith Steel fundamental ratios Correlations
Click cells to compare fundamentals
Zenith Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zenith Steel fundamental ratios Accounts
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