Above Long Term Debt vs Total Current Liabilities Analysis

ABVEW Stock

0.02 0 15.48%

Above Food financial indicator trend analysis is way more than just evaluating Above Food Ingredients prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Above Food Ingredients is a good investment. Please check the relationship between Above Food Long Term Debt and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Above Food Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Long Term Debt vs Total Current Liabilities

Long Term Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Above Food Ingredients Long Term Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have pay attention.

The correlation between Above Food's Long Term Debt and Total Current Liabilities is -0.93. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Above Food Ingredients, assuming nothing else is changed. The correlation between historical values of Above Food's Long Term Debt 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 Long Term Debt of Above Food Ingredients 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 Long Term Debt i.e., Above Food's Long Term Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.93

Relationship Direction	Negative
Relationship Strength	Significant

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Long Term Debt

Long-term debt is a debt that Above Food Ingredients has held for over one year. Long-term debt appears on Above Food Ingredients balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Above Food Ingredients balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Total Current Liabilities

Total Current Liabilities is an item on Above Food balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Above Food Ingredients 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 Above Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Above Food Ingredients 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 Above Food Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Above Food's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 272.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 24.2 M in 2024.

	2010	2022	2023	2024 (projected)
Depreciation And Amortization	1.4M	3.0M	3.6M	2.9M
Interest Income	82.3K	296.5K	245.3K	228.8K

Depreciation And Amortization Interest Income

Above Food fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Capital Lease Obligations	Inventory
Total Assets		0.89	0.08	0.58	0.51	0.89	-0.62	0.61	0.96	-0.49	0.61	-0.4	0.91	0.58	0.58	0.76	0.73	0.51	0.58	0.54	-0.56	-0.24	-0.4	0.58	0.44	-0.6
Short Long Term Debt Total	0.89		0.2	0.88	0.09	1.0	-0.89	0.89	0.78	-0.15	0.89	-0.7	0.7	0.88	0.88	0.75	0.36	0.73	0.77	0.73	-0.8	-0.49	-0.51	0.88	0.71	-0.85
Other Current Liab	0.08	0.2		0.15	-0.06	0.2	-0.12	0.12	0.05	0.69	0.12	-0.26	-0.17	0.15	0.15	-0.48	-0.02	-0.38	-0.1	-0.37	0.23	-0.92	0.68	0.15	-0.24	-0.06
Total Current Liabilities	0.58	0.88	0.15		-0.39	0.88	-1.0	1.0	0.39	0.16	1.0	-0.89	0.33	1.0	1.0	0.67	-0.12	0.85	0.89	0.86	-0.93	-0.52	-0.62	1.0	0.82	-0.97
Total Stockholder Equity	0.51	0.09	-0.06	-0.39		0.09	0.36	-0.36	0.69	-0.72	-0.36	0.55	0.71	-0.39	-0.39	0.13	0.96	-0.3	-0.35	-0.31	0.34	0.25	0.2	-0.4	-0.3	0.38
Net Debt	0.89	1.0	0.2	0.88	0.09		-0.89	0.89	0.78	-0.15	0.89	-0.69	0.71	0.88	0.88	0.75	0.36	0.73	0.77	0.73	-0.8	-0.49	-0.51	0.88	0.71	-0.85
Retained Earnings	-0.62	-0.89	-0.12	-1.0	0.36	-0.89		-1.0	-0.43	-0.11	-1.0	0.9	-0.36	-1.0	-1.0	-0.71	0.08	-0.86	-0.92	-0.87	0.94	0.49	0.64	-1.0	-0.81	0.99
Cash	0.61	0.89	0.12	1.0	-0.36	0.89	-1.0		0.43	0.11	1.0	-0.88	0.37	1.0	1.0	0.7	-0.08	0.87	0.9	0.87	-0.94	-0.49	-0.64	1.0	0.83	-0.98
Non Current Assets Total	0.96	0.78	0.05	0.39	0.69	0.78	-0.43	0.43		-0.6	0.43	-0.15	0.97	0.39	0.4	0.66	0.87	0.37	0.36	0.36	-0.39	-0.15	-0.29	0.39	0.35	-0.38
Non Currrent Assets Other	-0.49	-0.15	0.69	0.16	-0.72	-0.15	-0.11	0.11	-0.6		0.11	-0.38	-0.75	0.16	0.16	-0.6	-0.74	-0.24	-0.03	-0.22	0.12	-0.69	0.47	0.16	-0.13	-0.1
Cash And Short Term Investments	0.61	0.89	0.12	1.0	-0.36	0.89	-1.0	1.0	0.43	0.11		-0.88	0.37	1.0	1.0	0.7	-0.08	0.87	0.9	0.87	-0.94	-0.49	-0.64	1.0	0.83	-0.98
Common Stock Shares Outstanding	-0.4	-0.7	-0.26	-0.89	0.55	-0.69	0.9	-0.88	-0.15	-0.38	-0.88		-0.04	-0.89	-0.89	-0.49	0.31	-0.65	-0.91	-0.74	0.78	0.55	0.45	-0.89	-0.52	0.94
Other Stockholder Equity	0.91	0.7	-0.17	0.33	0.71	0.71	-0.36	0.37	0.97	-0.75	0.37	-0.04		0.33	0.33	0.72	0.87	0.43	0.31	0.4	-0.4	0.05	-0.42	0.33	0.42	-0.32
Total Liab	0.58	0.88	0.15	1.0	-0.39	0.88	-1.0	1.0	0.39	0.16	1.0	-0.89	0.33		1.0	0.67	-0.12	0.85	0.89	0.86	-0.93	-0.52	-0.62	1.0	0.82	-0.97
Total Current Assets	0.58	0.88	0.15	1.0	-0.39	0.88	-1.0	1.0	0.4	0.16	1.0	-0.89	0.33	1.0		0.67	-0.12	0.85	0.89	0.85	-0.93	-0.52	-0.62	1.0	0.82	-0.97
Short Term Debt	0.76	0.75	-0.48	0.67	0.13	0.75	-0.71	0.7	0.66	-0.6	0.7	-0.49	0.72	0.67	0.67		0.35	0.87	0.8	0.9	-0.85	0.18	-0.89	0.66	0.7	-0.73
Common Stock	0.73	0.36	-0.02	-0.12	0.96	0.36	0.08	-0.08	0.87	-0.74	-0.08	0.31	0.87	-0.12	-0.12	0.35		-0.07	-0.09	-0.07	0.09	0.12	0.02	-0.12	-0.07	0.11
Property Plant And Equipment Net	0.51	0.73	-0.38	0.85	-0.3	0.73	-0.86	0.87	0.37	-0.24	0.87	-0.65	0.43	0.85	0.85	0.87	-0.07		0.84	0.98	-0.98	-0.01	-0.93	0.85	0.93	-0.85
Current Deferred Revenue	0.58	0.77	-0.1	0.89	-0.35	0.77	-0.92	0.9	0.36	-0.03	0.9	-0.91	0.31	0.89	0.89	0.8	-0.09	0.84		0.93	-0.92	-0.23	-0.75	0.89	0.65	-0.97
Accounts Payable	0.54	0.73	-0.37	0.86	-0.31	0.73	-0.87	0.87	0.36	-0.22	0.87	-0.74	0.4	0.86	0.85	0.9	-0.07	0.98	0.93		-0.98	-0.01	-0.93	0.85	0.83	-0.9
Long Term Debt	-0.56	-0.8	0.23	-0.93	0.34	-0.8	0.94	-0.94	-0.39	0.12	-0.94	0.78	-0.4	-0.93	-0.93	-0.85	0.09	-0.98	-0.92	-0.98		0.16	0.87	-0.93	-0.89	0.94
Net Receivables	-0.24	-0.49	-0.92	-0.52	0.25	-0.49	0.49	-0.49	-0.15	-0.69	-0.49	0.55	0.05	-0.52	-0.52	0.18	0.12	-0.01	-0.23	-0.01	0.16		-0.35	-0.52	-0.16	0.42
Good Will	-0.4	-0.51	0.68	-0.62	0.2	-0.51	0.64	-0.64	-0.29	0.47	-0.64	0.45	-0.42	-0.62	-0.62	-0.89	0.02	-0.93	-0.75	-0.93	0.87	-0.35		-0.62	-0.78	0.67
Non Current Liabilities Total	0.58	0.88	0.15	1.0	-0.4	0.88	-1.0	1.0	0.39	0.16	1.0	-0.89	0.33	1.0	1.0	0.66	-0.12	0.85	0.89	0.85	-0.93	-0.52	-0.62		0.82	-0.97
Capital Lease Obligations	0.44	0.71	-0.24	0.82	-0.3	0.71	-0.81	0.83	0.35	-0.13	0.83	-0.52	0.42	0.82	0.82	0.7	-0.07	0.93	0.65	0.83	-0.89	-0.16	-0.78	0.82		-0.74
Inventory	-0.6	-0.85	-0.06	-0.97	0.38	-0.85	0.99	-0.98	-0.38	-0.1	-0.98	0.94	-0.32	-0.97	-0.97	-0.73	0.11	-0.85	-0.97	-0.9	0.94	0.42	0.67	-0.97	-0.74

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Above Food Account Relationship Matchups

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Above Long Term Debt vs Total Current Liabilities Analysis

Long Term Debt vs Total Current Liabilities

Long Term Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Long Term Debt

Total Current Liabilities

Above Food fundamental ratios Correlations

Above Food Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Net Debt	+ 1.0	Short Long Term Debt Total
Cash	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 1.0	Total Current Liabilities

Non Current Liabilities Total	- 1.0	Retained Earnings
Total Current Assets	- 1.0	Retained Earnings
Total Liab	- 1.0	Retained Earnings
Cash And Short Term Investments	- 1.0	Retained Earnings
Cash	- 1.0	Retained Earnings
Retained Earnings	- 1.0	Total Current Liabilities