Advanced Accounts Payable vs Total Current Liabilities Analysis

ABV Stock   0.08  0  1.22%   
Advanced Braking financial indicator trend analysis is way more than just evaluating Advanced Braking Tec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advanced Braking Tec is a good investment. Please check the relationship between Advanced Braking Accounts Payable and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Braking Technology. 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 Advanced Braking Tec Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Advanced Braking's Accounts Payable and Total Current Liabilities is 0.13. 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 Advanced Braking Technology, assuming nothing else is changed. The correlation between historical values of Advanced Braking'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 Advanced Braking Technology 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., Advanced Braking's Accounts Payable and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Advanced Braking 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 Advanced Braking Tec 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 Advanced Braking balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Advanced Braking Technology 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 Advanced Braking's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advanced Braking Tec 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 Advanced Braking Technology. 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 4.9 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.2 M in 2024.
 2021 2023 2024 (projected)
Interest Expense85K139K172.8K
Depreciation And Amortization267K387K599.4K

Advanced Braking fundamental ratios Correlations

0.180.770.130.890.2-0.19-0.46-0.240.850.870.860.75-0.59-0.340.040.01-0.060.130.320.160.290.81-0.710.850.59
0.180.450.51-0.04-0.31-0.640.68-0.320.230.340.230.48-0.48-0.550.5-0.460.290.84-0.46-0.290.630.36-0.510.41-0.37
0.770.450.30.69-0.19-0.57-0.11-0.490.670.910.670.98-0.84-0.420.0-0.360.070.24-0.19-0.160.590.88-0.890.90.21
0.130.510.3-0.07-0.18-0.730.450.130.00.140.00.34-0.1-0.05-0.27-0.14-0.10.59-0.32-0.140.780.13-0.160.150.0
0.89-0.040.69-0.070.39-0.01-0.64-0.30.770.830.770.66-0.62-0.14-0.130.23-0.19-0.190.520.380.180.73-0.690.760.75
0.2-0.31-0.19-0.180.390.57-0.480.450.2-0.10.2-0.280.280.570.090.93-0.67-0.110.850.89-0.42-0.280.25-0.210.67
-0.19-0.64-0.57-0.73-0.010.57-0.560.52-0.03-0.47-0.02-0.650.530.480.280.6-0.37-0.380.640.62-0.95-0.520.54-0.490.3
-0.460.68-0.110.45-0.64-0.48-0.56-0.16-0.54-0.23-0.54-0.050.03-0.290.23-0.460.410.58-0.62-0.540.45-0.150.06-0.18-0.69
-0.24-0.32-0.490.13-0.30.450.52-0.16-0.14-0.62-0.13-0.560.770.70.150.56-0.680.210.290.53-0.51-0.690.72-0.640.17
0.850.230.670.00.770.2-0.03-0.54-0.140.711.00.63-0.56-0.310.270.0-0.140.220.230.280.130.64-0.650.730.45
0.870.340.910.140.83-0.1-0.47-0.23-0.620.710.710.93-0.89-0.56-0.06-0.30.220.060.05-0.150.550.98-0.950.980.4
0.860.230.670.00.770.2-0.02-0.54-0.131.00.710.62-0.55-0.30.270.01-0.150.220.230.290.120.64-0.640.730.46
0.750.480.980.340.66-0.28-0.65-0.05-0.560.630.930.62-0.86-0.48-0.07-0.440.150.21-0.26-0.270.680.92-0.910.930.15
-0.59-0.48-0.84-0.1-0.620.280.530.030.77-0.56-0.89-0.55-0.860.67-0.020.47-0.36-0.090.150.28-0.59-0.90.98-0.9-0.17
-0.34-0.55-0.42-0.05-0.140.570.48-0.290.7-0.31-0.56-0.3-0.480.67-0.230.74-0.85-0.260.310.61-0.46-0.680.68-0.660.16
0.040.50.0-0.27-0.130.090.280.230.150.27-0.060.27-0.07-0.02-0.23-0.080.050.62-0.030.11-0.34-0.07-0.050.01-0.25
0.01-0.46-0.36-0.140.230.930.6-0.460.560.0-0.30.01-0.440.470.74-0.08-0.73-0.220.810.9-0.46-0.460.45-0.420.6
-0.060.290.07-0.1-0.19-0.67-0.370.41-0.68-0.140.22-0.150.15-0.36-0.850.05-0.730.0-0.4-0.750.290.38-0.340.31-0.36
0.130.840.240.59-0.19-0.11-0.380.580.210.220.060.220.21-0.09-0.260.62-0.220.0-0.33-0.060.350.05-0.160.12-0.26
0.32-0.46-0.19-0.320.520.850.64-0.620.290.230.050.23-0.260.150.31-0.030.81-0.4-0.330.76-0.44-0.070.12-0.050.84
0.16-0.29-0.16-0.140.380.890.62-0.540.530.28-0.150.29-0.270.280.610.110.9-0.75-0.060.76-0.43-0.320.23-0.240.63
0.290.630.590.780.18-0.42-0.950.45-0.510.130.550.120.68-0.59-0.46-0.34-0.460.290.35-0.44-0.430.57-0.610.55-0.08
0.810.360.880.130.73-0.28-0.52-0.15-0.690.640.980.640.92-0.9-0.68-0.07-0.460.380.05-0.07-0.320.57-0.950.990.28
-0.71-0.51-0.89-0.16-0.690.250.540.060.72-0.65-0.95-0.64-0.910.980.68-0.050.45-0.34-0.160.120.23-0.61-0.95-0.96-0.22
0.850.410.90.150.76-0.21-0.49-0.18-0.640.730.980.730.93-0.9-0.660.01-0.420.310.12-0.05-0.240.550.99-0.960.3
0.59-0.370.210.00.750.670.3-0.690.170.450.40.460.15-0.170.16-0.250.6-0.36-0.260.840.63-0.080.28-0.220.3
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Advanced Braking Account Relationship Matchups

Advanced Braking fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.0M6.8M7.7M11.0M12.8M6.5M
Short Long Term Debt Total527K689K191K1.4M1.4M1.3M
Other Current Liab651K311K688K768K644K710.0K
Total Stockholder Equity4.0M4.7M5.3M6.9M8.9M9.3M
Property Plant And Equipment Net779K872K383K2.0M1.9M2.0M
Current Deferred Revenue(449K)(338K)(192K)(264K)218K228.9K
Net Debt11K(722K)(1.5M)(668K)(977K)(928.2K)
Accounts Payable771K1.1M1.4M1.8M1.9M957.5K
Cash516K1.4M1.7M2.0M2.4M1.6M
Non Current Assets Total1.5M1.5M926K2.5M2.3M2.8M
Cash And Short Term Investments516K1.4M1.7M2.0M2.5M1.6M
Common Stock Shares Outstanding349.1M410.1M413.9M404.6M411.3M431.8M
Liabilities And Stockholders Equity6.0M6.8M7.7M11.0M12.8M6.5M
Non Current Liabilities Total486K424.0K6K1.1M1.1M621.5K
Inventory2.0M1.8M2.2M3.4M3.6M3.8M
Other Stockholder Equity1.0(4.4M)(5.1M)(6.6M)(5.9M)(5.6M)
Total Liab2.0M2.1M2.3M4.0M4.0M2.5M
Property Plant And Equipment Gross779K872K1.1M3.2M3.2M3.4M
Total Current Assets4.5M5.4M6.7M8.5M10.6M11.1M
Accumulated Other Comprehensive Income169.0K278K237K371K450K472.5K
Short Term Debt55K283K191K264K402K595.8K
Intangible Assets671K607K543K480K416K395.2K
Common Stock52.8M54.2M55.8M55.8M56.0M45.6M
Retained Earnings(52.0M)(51.4M)(50.7M)(49.3M)(47.6M)(49.9M)
Non Currrent Assets Other(1.5M)(1.5M)(926K)1.0999.01.0K
Net Receivables1.8M1.9M2.4M2.4M3.9M4.1M
Other Current Assets194K231K356K577K538K502.3K
Property Plant Equipment778K872K383K2.0M2.3M2.4M
Other Liab14K18K6K34K30.6K29.1K
Net Tangible Assets3.3M4.1M4.8M6.4M7.4M7.8M
Short Long Term Debt55K283K191K223K286K271.7K
Capital Lease Obligations79K504K406K1.2M1.1M1.2M
Long Term Debt Total472K406K0.01.1M1.0M1.1M
Net Invested Capital4.0M5.4M5.5M7.2M9.2M6.1M
Cash And Equivalents516K1.4M1.7M2.0M2.4M1.4M

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