Flat Accounts Payable vs Short Long Term Debt Analysis
601865 Stock | 20.98 0.24 1.13% |
Flat Glass financial indicator trend analysis is much more than just examining Flat Glass Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flat Glass Group is a good investment. Please check the relationship between Flat Glass Accounts Payable and its Short Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Flat Glass Group. 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.
Accounts Payable vs Short Long Term Debt
Accounts Payable vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flat Glass Group Accounts Payable account and Short Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Flat Glass' Accounts Payable and Short Long Term Debt is 0.83. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Flat Glass Group, assuming nothing else is changed. The correlation between historical values of Flat Glass' Accounts Payable and Short Long Term Debt 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 Flat Glass Group are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Accounts Payable i.e., Flat Glass' Accounts Payable and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Flat Glass 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 Flat Glass Group 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.Short Long Term Debt
The total of a company's short-term and long-term borrowings.Most indicators from Flat Glass' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Flat Glass Group 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 Flat Glass Group. 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 Issuance Of Capital Stock is expected to grow to about 6.3 B, whereas Tax Provision is forecasted to decline to about 168.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.1B | 3.4B | 4.7B | 2.5B | Total Revenue | 8.7B | 15.5B | 21.5B | 22.6B |
Flat Glass fundamental ratios Correlations
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Flat Glass Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Flat Glass fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.4B | 12.3B | 20.1B | 32.4B | 43.0B | 45.1B | |
Other Current Liab | 769.3M | 921.4M | 1.5B | 2.4B | 12.3M | 11.7M | |
Total Current Liabilities | 4.5B | 3.3B | 6.2B | 10.5B | 9.2B | 5.4B | |
Total Stockholder Equity | 4.5B | 7.2B | 11.8B | 14.0B | 22.2B | 23.3B | |
Other Liab | 132.4M | 77.1M | 129.7M | 326.2M | 375.1M | 393.9M | |
Net Tangible Assets | 4.1B | 6.7B | 11.1B | 10.2B | 11.8B | 6.5B | |
Retained Earnings | 3.2B | 4.7B | 6.5B | 8.1B | 10.0B | 5.4B | |
Accounts Payable | 1.6B | 1.4B | 2.4B | 3.5B | 4.5B | 4.7B | |
Cash | 613.0M | 1.6B | 2.8B | 2.9B | 6.6B | 6.9B | |
Non Current Assets Total | 4.9B | 6.7B | 11.2B | 20.0B | 26.1B | 27.5B | |
Other Assets | 316.0M | 654.4M | 896.8M | 2.8B | 3.3B | 3.4B | |
Long Term Debt | 281.9M | 1.6B | 2.0B | 7.5B | 10.4B | 10.9B | |
Net Receivables | 3.2B | 1.4B | 1.1B | 2.8B | 3.7B | 2.3B | |
Non Current Liabilities Total | 425.3M | 1.7B | 2.1B | 7.8B | 11.5B | 12.1B | |
Inventory | 483.6M | 479.4M | 2.3B | 2.4B | 2.0B | 1.2B | |
Other Current Assets | 142.6M | 461.0M | 986.0M | 938.8M | 1.1B | 1.1B | |
Other Stockholder Equity | 17.7M | 37.4M | 9.7M | 562.7M | 647.1M | 679.4M | |
Total Liab | 4.9B | 5.0B | 8.3B | 18.3B | 20.7B | 21.7B | |
Short Long Term Debt | 2.4B | 1.5B | 3.2B | 5.3B | 4.0B | 2.4B | |
Total Current Assets | 4.5B | 5.6B | 8.9B | 12.4B | 16.8B | 17.7B | |
Intangible Assets | 624.5M | 703.4M | 580.5M | 729.5M | 795.4M | 688.0M | |
Common Stock | 487.5M | 510.3M | 536.7M | 536.7M | 617.2M | 537.6M | |
Property Plant Equipment | 4.2B | 5.4B | 9.6B | 13.3B | 15.3B | 16.1B | |
Net Debt | 2.0B | 1.5B | 2.3B | 9.9B | 7.8B | 3.9B | |
Common Stock Shares Outstanding | 2.0B | 2.0B | 2.1B | 2.1B | 2.4B | 2.2B | |
Net Invested Capital | 7.2B | 10.3B | 17.0B | 26.8B | 36.6B | 38.5B | |
Net Working Capital | (1.3M) | 2.2B | 2.7B | 1.8B | 7.6B | 8.0B | |
Capital Stock | 487.5M | 510.3M | 536.7M | 536.7M | 587.8M | 570.0M |
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Other Information on Investing in Flat Stock
Balance Sheet is a snapshot of the financial position of Flat Glass Group at a specified time, usually calculated after every quarter, six months, or one year. Flat Glass Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Flat Glass 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 Flat currently owns. An asset can also be divided into two categories, current and non-current.