Ashapura Total Liab vs Accounts Payable Analysis

ASHAPURMIN   457.40  6.55  1.41%   
Ashapura Minechem financial indicator trend analysis is way more than just evaluating Ashapura Minechem prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ashapura Minechem is a good investment. Please check the relationship between Ashapura Minechem Total Liab and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashapura Minechem Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Total Liab vs Accounts Payable

Total Liab vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashapura Minechem Total Liab account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ashapura Minechem's Total Liab and Accounts Payable is 0.71. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Ashapura Minechem Limited, assuming nothing else is changed. The correlation between historical values of Ashapura Minechem's Total Liab and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Ashapura Minechem Limited are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Liab i.e., Ashapura Minechem's Total Liab and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Accounts Payable

An accounting item on the balance sheet that represents Ashapura Minechem 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 Ashapura Minechem 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.
Most indicators from Ashapura Minechem's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ashapura Minechem 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 Ashapura Minechem Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
As of 12/13/2024, Selling General Administrative is likely to drop to about 568 M. In addition to that, Tax Provision is likely to drop to about 150.5 M
 2021 2022 2023 2024 (projected)
Interest Expense556.3M643.2M697.2M386.2M
Depreciation And Amortization580.7M725.0M786.3M825.6M

Ashapura Minechem fundamental ratios Correlations

0.93-0.120.450.920.980.910.90.960.670.980.140.710.830.920.730.910.90.430.610.80.990.58-0.010.19-0.05
0.93-0.220.310.880.940.990.860.890.580.910.20.580.70.920.530.890.890.340.420.690.920.45-0.020.040.23
-0.12-0.220.52-0.37-0.1-0.25-0.4-0.120.1-0.17-0.270.19-0.16-0.320.17-0.35-0.080.130.290.07-0.080.35-0.19-0.04-0.21
0.450.310.520.140.460.30.090.440.290.42-0.150.410.570.170.680.190.420.20.830.780.470.87-0.360.14-0.29
0.920.88-0.370.140.90.851.00.910.680.90.110.650.740.920.530.910.850.390.360.60.910.280.180.080.08
0.980.94-0.10.460.90.920.870.940.650.980.130.60.760.920.730.880.90.310.620.770.950.61-0.150.14-0.01
0.910.99-0.250.30.850.920.840.850.490.890.260.530.70.920.520.90.840.350.410.70.90.44-0.020.040.21
0.90.86-0.40.091.00.870.840.890.670.870.090.640.710.910.490.890.830.380.30.560.890.220.220.060.12
0.960.89-0.120.440.910.940.850.890.760.9-0.050.720.80.830.670.820.920.380.520.710.970.470.050.090.06
0.670.580.10.290.680.650.490.670.760.6-0.370.740.390.490.440.420.840.120.310.330.70.270.050.060.21
0.980.91-0.170.420.90.980.890.870.90.60.240.590.780.940.770.930.850.330.650.790.930.62-0.130.28-0.15
0.140.2-0.27-0.150.110.130.260.09-0.05-0.370.24-0.140.170.380.130.4-0.070.290.140.210.060.15-0.04-0.02-0.22
0.710.580.190.410.650.60.530.640.720.740.59-0.140.690.50.450.560.690.690.340.560.780.270.480.020.01
0.830.7-0.160.570.740.760.70.710.80.390.780.170.690.710.690.80.620.630.620.910.840.540.220.13-0.25
0.920.92-0.320.170.920.920.920.910.830.490.940.380.50.710.590.970.770.380.440.680.870.410.010.16-0.02
0.730.530.170.680.530.730.520.490.670.440.770.130.450.690.590.60.570.290.840.790.670.81-0.340.46-0.53
0.910.89-0.350.190.910.880.90.890.820.420.930.40.560.80.970.60.710.490.450.730.870.390.130.23-0.12
0.90.89-0.080.420.850.90.840.830.920.840.85-0.070.690.620.770.570.710.20.490.60.920.5-0.090.040.26
0.430.340.130.20.390.310.350.380.380.120.330.290.690.630.380.290.490.20.20.470.490.110.62-0.12-0.18
0.610.420.290.830.360.620.410.30.520.310.650.140.340.620.440.840.450.490.20.810.570.96-0.490.39-0.53
0.80.690.070.780.60.770.70.560.710.330.790.210.560.910.680.790.730.60.470.810.780.8-0.10.24-0.34
0.990.92-0.080.470.910.950.90.890.970.70.930.060.780.840.870.670.870.920.490.570.780.520.090.110.03
0.580.450.350.870.280.610.440.220.470.270.620.150.270.540.410.810.390.50.110.960.80.52-0.60.29-0.4
-0.01-0.02-0.19-0.360.18-0.15-0.020.220.050.05-0.13-0.040.480.220.01-0.340.13-0.090.62-0.49-0.10.09-0.6-0.230.16
0.190.04-0.040.140.080.140.040.060.090.060.28-0.020.020.130.160.460.230.04-0.120.390.240.110.29-0.23-0.68
-0.050.23-0.21-0.290.08-0.010.210.120.060.21-0.15-0.220.01-0.25-0.02-0.53-0.120.26-0.18-0.53-0.340.03-0.40.16-0.68
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Ashapura Minechem Account Relationship Matchups

Ashapura Minechem fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.2B22.3B24.2B30.5B33.1B34.8B
Short Long Term Debt Total4.4B6.6B6.4B7.6B9.8B10.3B
Other Current Liab4.3B2.1B3.1B7.4B3.3B5.3B
Total Current Liabilities7.5B9.8B11.3B14.3B15.4B9.5B
Total Stockholder Equity3.5B4.3B5.2B6.6B9.3B9.8B
Property Plant And Equipment Net5.5B6.9B6.9B7.3B9.4B9.9B
Net Debt4.0B6.3B6.2B6.8B8.5B8.9B
Retained Earnings1.4B2.2B3.1B4.2B7.0B7.4B
Accounts Payable1.4B3.7B3.5B4.5B5.6B5.8B
Cash407.0M354.4M234.3M735.5M1.3B1.4B
Non Current Assets Total10.5B11.0B11.4B12.1B14.7B15.4B
Non Currrent Assets Other1.5B703.2M616.1M650.5M223.8M212.6M
Cash And Short Term Investments440.4M357.7M237.3M2.2B1.4B1.4B
Net Receivables2.8B4.7B4.4B7.0B5.9B3.4B
Liabilities And Stockholders Equity18.2B22.3B24.2B30.5B33.1B34.8B
Non Current Liabilities Total7.2B8.2B7.7B9.6B8.5B8.9B
Inventory2.2B2.9B4.1B5.3B9.5B9.9B
Other Current Assets2.1B3.3B1.9B12.3B1.6B2.1B
Other Stockholder Equity1.8B1.8B1.8B1.9B2.1B1.8B
Total Liab14.7B18.0B19.0B23.9B23.9B13.6B
Total Current Assets7.7B11.3B12.9B18.4B18.4B19.3B
Accumulated Other Comprehensive Income(6.7B)149.3M55.2M377.0M160.4M168.5M
Short Term Investments33.4M3.3M3.0M1.5B6.3M6.0M
Current Deferred Revenue5.0B4.4B6.1B2.9B2.1B3.9B
Short Term Debt510.6M1.1B1.1B1.1B3.0B3.1B
Intangible Assets4.8M3.1M608.8M793.3M2.0M1.9M
Other Liab3.3B2.7B2.4B3.1B3.6B3.7B
Net Tangible Assets2.7B3.4B4.2B5.5B6.3B6.6B
Other Assets1.7B812.5M756.7M146.2M168.1M159.7M
Long Term Debt3.9B5.5B5.3B6.5B6.9B7.2B
Short Long Term Debt499.2M922.0M1.1B1.1B2.9B3.1B
Property Plant Equipment5.2B6.3B6.9B7.3B8.3B4.9B
Long Term Debt Total3.9B5.5B5.3B6.5B7.5B7.9B
Non Current Liabilities Other488K2.6B2.3B907K6K5.7K
Net Invested Capital7.9B10.8B11.6B14.2B19.1B9.9B

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