Apple Total Current Liabilities vs Cash Analysis
| 0R2V Stock | 241.50 2.00 0.84% |
Apple financial indicator trend analysis is way more than just evaluating Apple Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apple Inc is a good investment. Please check the relationship between Apple Total Current Liabilities and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. 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.
Total Current Liabilities vs Cash
Total Current Liabilities vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apple Inc Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Apple's Total Current Liabilities and Cash is 0.4. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of Apple Inc, assuming nothing else is changed. The correlation between historical values of Apple's Total Current Liabilities and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Apple Inc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., Apple's Total Current Liabilities and Cash go up and down completely randomly.
Correlation Coefficient | 0.4 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Apple balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Apple Inc 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.Cash
Cash refers to the most liquid asset of Apple Inc, which is listed under current asset account on Apple Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Apple customers. The amounts must be unrestricted with restricted cash listed in a different Apple account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Apple's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apple Inc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. 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. Selling General Administrative is likely to gain to about 20.3 B in 2024, whereas Tax Provision is likely to drop slightly above 10 B in 2024.
| 2010 | 2021 | 2023 | 2024 (projected) | Interest Income | 198M | 2.9B | 2.6B | 2.7B | Tax Provision | 14.5B | 15.7B | 14.2B | 10.0B |
Apple fundamental ratios Correlations
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Apple Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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