Achieve Accounts Payable vs Cash Analysis
ACHV Stock | USD 4.53 0.03 0.66% |
Achieve Life financial indicator trend analysis is way more than just evaluating Achieve Life Sciences prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Achieve Life Sciences is a good investment. Please check the relationship between Achieve Life Accounts Payable and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Achieve Life Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
Accounts Payable vs Cash
Accounts Payable vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Achieve Life Sciences Accounts Payable account and Cash. At this time, the significance of the direction appears to have no relationship.
The correlation between Achieve Life's Accounts Payable and Cash is 0.04. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Achieve Life Sciences, assuming nothing else is changed. The correlation between historical values of Achieve Life's Accounts Payable 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 Accounts Payable of Achieve Life Sciences 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 Accounts Payable i.e., Achieve Life's Accounts Payable and Cash go up and down completely randomly.
Correlation Coefficient | 0.04 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Achieve Life 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 Achieve Life Sciences 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.Cash
Cash refers to the most liquid asset of Achieve Life Sciences, which is listed under current asset account on Achieve Life Sciences balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Achieve Life customers. The amounts must be unrestricted with restricted cash listed in a different Achieve Life 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 Achieve Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Achieve Life Sciences 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 Achieve Life Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. Enterprise Value is likely to climb to about 87 M in 2024, whereas Selling General Administrative is likely to drop slightly above 10.9 M in 2024.
Achieve Life fundamental ratios Correlations
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Achieve Life Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Achieve Life fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 21.1M | 40.3M | 47.5M | 30.0M | 19.4M | 18.4M | |
Short Long Term Debt Total | 362K | 169K | 73K | 16.2M | 16.7M | 17.6M | |
Other Current Liab | 1.8M | 2.4M | 3.6M | 3.8M | 3.5M | 3.3M | |
Total Current Liabilities | 2.9M | 2.9M | 4.6M | 5.5M | 20.8M | 12.0M | |
Total Stockholder Equity | 18.1M | 37.3M | 28.0M | 8.3M | (1.4M) | (1.4M) | |
Property Plant And Equipment Net | 35K | 573K | 188K | 79K | 123K | 75.1K | |
Net Debt | (16.3M) | (35.7M) | (42.9M) | (8.6M) | 1.2M | 1.2M | |
Retained Earnings | (45.7M) | (60.4M) | (93.6M) | (135.9M) | (165.8M) | (157.5M) | |
Accounts Payable | 859K | 332K | 841K | 1.7M | 618K | 587.1K | |
Non Current Assets Total | 3.7M | 3.3M | 2.9M | 5.1M | 2.4M | 2.2M | |
Non Currrent Assets Other | 168K | 187K | 237K | 2.6M | 29.0K | 30.4K | |
Common Stock Shares Outstanding | 412.3K | 2.7M | 8.1M | 10.6M | 19.8M | 20.8M | |
Liabilities And Stockholders Equity | 21.1M | 40.3M | 47.5M | 30.0M | 19.4M | 18.4M | |
Non Current Liabilities Total | 159K | 77K | 14.9M | 16.1M | 6K | 5.7K | |
Other Current Assets | 670K | 2.2M | 1.4M | 2.5M | 1.3M | 1.3M | |
Other Stockholder Equity | 63.7M | 97.6M | 121.5M | 144.1M | 164.2M | 156.0M | |
Total Liab | 3.0M | 3.0M | 19.5M | 21.7M | 20.8M | 15.7M | |
Property Plant And Equipment Gross | 386K | 188K | 366K | 123K | 66K | 62.7K | |
Total Current Assets | 17.4M | 37.0M | 44.6M | 24.8M | 17.0M | 16.1M | |
Short Term Debt | 203K | 184K | 138K | 16.1M | 16.7M | 17.6M | |
Cash | 16.7M | 35.9M | 43.0M | 24.8M | 15.5M | 20.3M | |
Cash And Short Term Investments | 16.7M | 35.9M | 43.0M | 24.8M | 15.5M | 14.8M | |
Common Stock Total Equity | 18K | 41K | 76K | 87K | 78.3K | 74.4K | |
Common Stock | 41K | 76K | 79K | 87K | 90K | 85.5K | |
Net Receivables | 7K | 8K | 153K | 105K | 111K | 105.5K | |
Intangible Assets | 2.1M | 1.9M | 1.6M | 1.4M | 1.2M | 1.1M | |
Inventory | 222K | (50K) | (8K) | (2.5M) | (2.9M) | (3.0M) | |
Net Tangible Assets | 14.9M | 34.4M | 25.4M | 5.9M | 5.3M | 5.0M | |
Retained Earnings Total Equity | (25.4M) | (45.7M) | (60.4M) | (135.9M) | (122.3M) | (116.2M) | |
Capital Surpluse | 41.2M | 63.7M | 97.6M | 144.1M | 129.7M | 94.8M | |
Capital Lease Obligations | 362K | 169K | 73K | 127K | 69K | 65.6K | |
Property Plant Equipment | 57K | 42K | 64K | 127K | 114.3K | 163.3K |
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Additional Tools for Achieve Stock Analysis
When running Achieve Life's price analysis, check to measure Achieve Life's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Achieve Life is operating at the current time. Most of Achieve Life's value examination focuses on studying past and present price action to predict the probability of Achieve Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Achieve Life's price. Additionally, you may evaluate how the addition of Achieve Life to your portfolios can decrease your overall portfolio volatility.