Asiabasemetals Accounts Payable vs Short Long Term Debt Total Analysis

ABZ Stock  CAD 0.08  0.03  45.45%   
Asiabasemetals financial indicator trend analysis is way more than just evaluating Asiabasemetals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asiabasemetals is a good investment. Please check the relationship between Asiabasemetals Accounts Payable and its Short Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asiabasemetals. 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 Short Long Term Debt Total

Accounts Payable vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asiabasemetals Accounts Payable account and Short Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Asiabasemetals' Accounts Payable and Short Long Term Debt Total is 0.8. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Asiabasemetals, assuming nothing else is changed. The correlation between historical values of Asiabasemetals' Accounts Payable and Short Long Term Debt Total 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 Asiabasemetals are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Accounts Payable i.e., Asiabasemetals' Accounts Payable and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Accounts Payable

An accounting item on the balance sheet that represents Asiabasemetals 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 Asiabasemetals 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 Total

Most indicators from Asiabasemetals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asiabasemetals 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 Asiabasemetals. 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 drop to about 78.6 K in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

Asiabasemetals fundamental ratios Correlations

0.910.72-0.990.690.990.680.99-0.460.99-0.6-0.6-0.19-0.04-0.60.73-0.680.55-0.210.530.650.260.45-0.440.450.45
0.910.7-0.90.850.910.630.91-0.640.91-0.75-0.86-0.35-0.09-0.860.68-0.90.71-0.30.580.810.510.56-0.550.560.56
0.720.7-0.630.730.640.990.64-0.580.62-0.68-0.45-0.31-0.23-0.450.99-0.530.55-0.390.380.290.490.54-0.540.540.54
-0.99-0.9-0.63-0.65-1.0-0.59-1.00.42-1.00.550.580.2-0.030.58-0.640.66-0.520.15-0.48-0.69-0.2-0.40.4-0.4-0.4
0.690.850.73-0.650.660.640.66-0.910.65-0.95-0.81-0.52-0.16-0.810.7-0.810.88-0.560.550.60.830.8-0.80.80.8
0.990.910.64-1.00.660.61.0-0.441.0-0.57-0.59-0.210.04-0.590.64-0.670.54-0.180.480.70.230.42-0.410.420.42
0.680.630.99-0.590.640.60.6-0.490.57-0.6-0.36-0.22-0.25-0.360.99-0.440.45-0.340.340.20.40.48-0.480.480.48
0.990.910.64-1.00.661.00.6-0.441.0-0.57-0.59-0.210.04-0.590.64-0.670.54-0.180.480.70.230.42-0.410.420.42
-0.46-0.64-0.580.42-0.91-0.44-0.49-0.44-0.430.980.660.470.170.66-0.550.63-0.820.6-0.41-0.43-0.87-0.850.82-0.85-0.85
0.990.910.62-1.00.651.00.571.0-0.43-0.56-0.6-0.170.01-0.60.62-0.680.53-0.170.530.690.210.41-0.40.410.41
-0.6-0.75-0.680.55-0.95-0.57-0.6-0.570.98-0.560.710.480.180.71-0.660.71-0.830.56-0.51-0.51-0.85-0.820.79-0.82-0.82
-0.6-0.86-0.450.58-0.81-0.59-0.36-0.590.66-0.60.710.40.111.0-0.410.98-0.740.33-0.53-0.77-0.66-0.530.52-0.53-0.53
-0.19-0.35-0.310.2-0.52-0.21-0.22-0.210.47-0.170.480.4-0.030.4-0.30.35-0.520.12-0.06-0.56-0.54-0.310.32-0.31-0.31
-0.04-0.09-0.23-0.03-0.160.04-0.250.040.170.010.180.11-0.030.11-0.280.05-0.16-0.05-0.580.08-0.02-0.350.35-0.35-0.35
-0.6-0.86-0.450.58-0.81-0.59-0.36-0.590.66-0.60.711.00.40.11-0.410.98-0.740.33-0.53-0.77-0.66-0.530.52-0.53-0.53
0.730.680.99-0.640.70.640.990.64-0.550.62-0.66-0.41-0.3-0.28-0.41-0.480.51-0.350.380.30.430.56-0.560.560.56
-0.68-0.9-0.530.66-0.81-0.67-0.44-0.670.63-0.680.710.980.350.050.98-0.48-0.740.35-0.52-0.77-0.66-0.480.47-0.48-0.48
0.550.710.55-0.520.880.540.450.54-0.820.53-0.83-0.74-0.52-0.16-0.740.51-0.74-0.730.460.590.80.8-0.80.80.8
-0.21-0.3-0.390.15-0.56-0.18-0.34-0.180.6-0.170.560.330.12-0.050.33-0.350.35-0.73-0.2-0.12-0.62-0.730.73-0.73-0.73
0.530.580.38-0.480.550.480.340.48-0.410.53-0.51-0.53-0.06-0.58-0.530.38-0.520.46-0.20.370.30.43-0.420.430.43
0.650.810.29-0.690.60.70.20.7-0.430.69-0.51-0.77-0.560.08-0.770.3-0.770.59-0.120.370.380.33-0.330.330.33
0.260.510.49-0.20.830.230.40.23-0.870.21-0.85-0.66-0.54-0.02-0.660.43-0.660.8-0.620.30.380.63-0.610.630.63
0.450.560.54-0.40.80.420.480.42-0.850.41-0.82-0.53-0.31-0.35-0.530.56-0.480.8-0.730.430.330.63-0.991.01.0
-0.44-0.55-0.540.4-0.8-0.41-0.48-0.410.82-0.40.790.520.320.350.52-0.560.47-0.80.73-0.42-0.33-0.61-0.99-0.99-0.99
0.450.560.54-0.40.80.420.480.42-0.850.41-0.82-0.53-0.31-0.35-0.530.56-0.480.8-0.730.430.330.631.0-0.991.0
0.450.560.54-0.40.80.420.480.42-0.850.41-0.82-0.53-0.31-0.35-0.530.56-0.480.8-0.730.430.330.631.0-0.991.0
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Asiabasemetals Account Relationship Matchups

Asiabasemetals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets169.2K106.3K82.5K20.8K18.7K17.8K
Total Stockholder Equity(310.3K)(251.4K)(91.8K)(394.7K)(355.2K)(337.5K)
Net Debt(116.7K)(65.5K)(40.2K)(1.5K)(1.7K)(1.8K)
Retained Earnings(5.5M)(5.8M)(6.1M)(6.8M)(6.1M)(5.8M)
Cash116.7K65.5K40.2K1.5K1.3K1.3K
Non Current Assets Total23.2K33.2K21.7K13.5K12.1K11.5K
Cash And Short Term Investments116.7K65.5K40.2K1.5K1.3K1.3K
Common Stock Shares Outstanding42.1M44.5M46.8M49.2M56.6M29.7M
Liabilities And Stockholders Equity169.2K106.3K82.5K20.8K18.7K17.8K
Total Current Assets147.5K84.6K60.8K7.3K6.6K6.3K
Common Stock3.9M4.2M4.6M4.7M5.4M3.1M
Total Current Liabilities479.4K357.7K174.3K415.5K477.8K501.7K
Net Receivables17.0K14.3K20.7K5.8K6.7K10.3K
Other Stockholder Equity761.6K980.3K1.3M1.4M1.6M1.5M
Total Liab479.4K357.7K174.3K415.5K477.8K501.7K
Other Current Liab479.3K357.4K174.2K415.4K477.7K501.6K
Accounts Payable168.36261.7591.05135.34121.81115.72
Accumulated Other Comprehensive Income980.3K1.3M1.4M1.7M2.0M2.1M
Other Current Assets13.8K4.8K20.655.835.254.98
Net Tangible Assets(3.5K)(310.3K)(251.4K)(91.8K)(82.6K)(78.5K)
Net Invested Capital(310.3K)(251.4K)(91.8K)(394.7K)(355.2K)(337.5K)
Net Working Capital(331.9K)(273.1K)(113.5K)(408.2K)(367.4K)(349.0K)
Capital Stock3.9M4.2M4.6M4.7M5.4M4.3M

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