| ZODIAC Stock | | | 497.85 12.05 2.48% |
Zodiac Energy financial indicator trend analysis is more than just analyzing Zodiac Energy Limited current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zodiac Energy Limited is a good investment. Please check the relationship between Zodiac Energy Common Stock and its Accounts Payable accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zodiac Energy 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 nation.
Common Stock vs Accounts Payable
Common Stock vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zodiac Energy Limited Common Stock account and
Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zodiac Energy's Common Stock and Accounts Payable is 0.84. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Zodiac Energy Limited, assuming nothing else is changed. The correlation between historical values of Zodiac Energy's Common Stock 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 Common Stock of Zodiac Energy 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 Common Stock i.e., Zodiac Energy's Common Stock and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Common Stock
Accounts Payable
An accounting item on the balance sheet that represents Zodiac Energy 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 Zodiac Energy Limited 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 Zodiac Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zodiac Energy Limited 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 Zodiac Energy 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 nation.
The current year's
Selling General Administrative is expected to grow to about 66.6
M, whereas
Tax Provision is forecasted to decline to (4.9
M).
Zodiac Energy fundamental ratios Correlations
Click cells to compare fundamentals
Zodiac Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zodiac Energy fundamental ratios Accounts
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Other Information on Investing in Zodiac Stock
Balance Sheet is a snapshot of the
financial position of Zodiac Energy Limited at a specified time, usually calculated after every quarter, six months, or one year. Zodiac Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zodiac Energy 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 Zodiac currently owns. An asset can also be divided into two categories, current and non-current.