AN3PJ Stock | | | 103.45 0.23 0.22% |
ANZ Group financial indicator trend analysis is way more than just evaluating ANZ Group Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ANZ Group Holdings is a good investment. Please check the relationship between ANZ Group Accounts Payable and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in ANZ Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Accounts Payable vs Other Stockholder Equity
Accounts Payable vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
ANZ Group Holdings Accounts Payable account and
Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between ANZ Group's Accounts Payable and Other Stockholder Equity is 0.56. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of ANZ Group Holdings, assuming nothing else is changed. The correlation between historical values of ANZ Group's Accounts Payable and Other Stockholder Equity 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 ANZ Group Holdings are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Accounts Payable i.e., ANZ Group's Accounts Payable and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents ANZ Group 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 ANZ Group Holdings 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.
Other Stockholder Equity
Most indicators from ANZ Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ANZ Group Holdings 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 ANZ Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
The current year's
Selling General Administrative is expected to grow to about 808.5
M, whereas
Tax Provision is forecasted to decline to about 2.9
B.
ANZ Group fundamental ratios Correlations
Click cells to compare fundamentals
ANZ Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ANZ Group fundamental ratios Accounts
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Other Information on Investing in ANZ Stock
Balance Sheet is a snapshot of the
financial position of ANZ Group Holdings at a specified time, usually calculated after every quarter, six months, or one year. ANZ Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ANZ Group 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 ANZ currently owns. An asset can also be divided into two categories, current and non-current.