AstraZeneca Total Current Liabilities vs Accounts Payable Analysis

AZN Stock   10,468  100.00  0.95%   
AstraZeneca PLC financial indicator trend analysis is way more than just evaluating AstraZeneca PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AstraZeneca PLC is a good investment. Please check the relationship between AstraZeneca PLC Total Current Liabilities and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AstraZeneca PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Total Current Liabilities vs Accounts Payable

Total Current Liabilities vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AstraZeneca PLC Total Current Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have no relationship.
The correlation between AstraZeneca PLC's Total Current Liabilities and Accounts Payable is 0.09. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of AstraZeneca PLC, assuming nothing else is changed. The correlation between historical values of AstraZeneca PLC's Total Current Liabilities 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 Current Liabilities of AstraZeneca PLC 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 Current Liabilities i.e., AstraZeneca PLC's Total Current Liabilities and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.09
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Current Liabilities

Total Current Liabilities is an item on AstraZeneca PLC balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AstraZeneca PLC 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.

Accounts Payable

An accounting item on the balance sheet that represents AstraZeneca PLC 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 AstraZeneca PLC 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 AstraZeneca PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AstraZeneca PLC 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 AstraZeneca PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Tax Provision is expected to grow to about 984.9 M, whereas Selling General Administrative is projected to grow to (187.2 M).
 2021 2022 2023 2024 (projected)
Interest Expense1.3B1.3B1.6B1.7B
Depreciation And Amortization4.1B5.3B4.9B5.2B

AstraZeneca PLC fundamental ratios Correlations

0.940.910.950.90.830.360.85-0.240.040.330.990.480.180.70.9-0.360.850.840.20.960.820.690.830.920.33
0.940.930.880.770.840.550.97-0.52-0.160.090.970.3-0.080.490.77-0.490.90.890.010.960.80.530.820.90.25
0.910.930.910.720.790.490.87-0.4-0.30.180.930.37-0.050.460.76-0.620.840.77-0.070.940.850.460.80.930.2
0.950.880.910.870.770.40.78-0.180.090.340.930.630.220.760.9-0.310.720.710.240.90.90.640.90.890.23
0.90.770.720.870.630.30.65-0.030.240.410.850.570.310.870.83-0.220.550.750.450.740.760.760.80.750.15
0.830.840.790.770.630.420.76-0.380.00.370.830.20.20.460.85-0.260.850.750.130.880.580.750.640.840.56
0.360.550.490.40.30.420.58-0.69-0.21-0.160.36-0.04-0.260.170.2-0.370.310.580.050.380.470.190.440.42-0.09
0.850.970.870.780.650.760.58-0.67-0.25-0.150.90.22-0.310.340.63-0.530.860.86-0.120.890.760.340.780.810.11
-0.24-0.52-0.4-0.18-0.03-0.38-0.69-0.670.510.56-0.340.370.710.290.00.55-0.45-0.510.53-0.36-0.230.15-0.37-0.310.1
0.04-0.16-0.30.090.240.0-0.21-0.250.510.38-0.080.490.660.610.270.82-0.23-0.10.7-0.10.020.450.03-0.120.19
0.330.090.180.340.410.37-0.16-0.150.560.380.220.230.920.560.570.180.150.080.50.250.060.770.110.340.64
0.990.970.930.930.850.830.360.9-0.34-0.080.220.420.050.590.86-0.440.890.840.080.970.810.60.840.910.3
0.480.30.370.630.570.2-0.040.220.370.490.230.420.350.750.530.230.120.170.430.360.730.350.510.37-0.18
0.18-0.08-0.050.220.310.2-0.26-0.310.710.660.920.050.350.60.490.54-0.03-0.090.660.08-0.020.690.010.140.6
0.70.490.460.760.870.460.170.340.290.610.560.590.750.60.790.190.260.430.710.510.660.770.660.520.18
0.90.770.760.90.830.850.20.630.00.270.570.860.530.490.79-0.060.710.60.40.850.670.830.770.790.54
-0.36-0.49-0.62-0.31-0.22-0.26-0.37-0.530.550.820.18-0.440.230.540.19-0.06-0.44-0.450.54-0.42-0.360.1-0.31-0.460.22
0.850.90.840.720.550.850.310.86-0.45-0.230.150.890.12-0.030.260.71-0.440.8-0.150.950.570.460.580.860.5
0.840.890.770.710.750.750.580.86-0.51-0.10.080.840.17-0.090.430.6-0.450.80.080.820.660.560.610.830.2
0.20.01-0.070.240.450.130.05-0.120.530.70.50.080.430.660.710.40.54-0.150.080.010.190.590.14-0.010.15
0.960.960.940.90.740.880.380.89-0.36-0.10.250.970.360.080.510.85-0.420.950.820.010.770.580.770.940.41
0.820.80.850.90.760.580.470.76-0.230.020.060.810.73-0.020.660.67-0.360.570.660.190.770.40.80.75-0.15
0.690.530.460.640.760.750.190.340.150.450.770.60.350.690.770.830.10.460.560.590.580.40.480.620.56
0.830.820.80.90.80.640.440.78-0.370.030.110.840.510.010.660.77-0.310.580.610.140.770.80.480.730.08
0.920.90.930.890.750.840.420.81-0.31-0.120.340.910.370.140.520.79-0.460.860.83-0.010.940.750.620.730.38
0.330.250.20.230.150.56-0.090.110.10.190.640.3-0.180.60.180.540.220.50.20.150.41-0.150.560.080.38
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AstraZeneca PLC Account Relationship Matchups

AstraZeneca PLC fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets61.4B66.7B105.4B96.5B101.1B106.2B
Short Long Term Debt Total18.2B20.4B30.8B29.2B28.6B30.1B
Other Current Liab12.9B14.4B16.0B16.3B19.8B20.8B
Total Current Liabilities18.1B20.3B22.6B26.3B30.5B32.1B
Total Stockholder Equity13.1B15.6B39.3B37.0B39.1B41.1B
Property Plant And Equipment Net8.3B8.9B10.2B9.4B10.5B6.8B
Net Debt12.9B12.5B24.5B23.1B22.8B23.9B
Retained Earnings2.8B5.3B1.7B(574M)4.5B8.5B
Accounts Payable1.8B2.4B2.8B2.6B3.3B2.8B
Cash5.4B7.8B6.3B6.2B5.8B4.7B
Non Current Assets Total45.8B47.2B79.1B73.9B76.1B79.9B
Non Currrent Assets Other1.7B1.1B1.1B1.1B5.6B5.9B
Cash And Short Term Investments6.2B8.0B6.4B6.4B5.9B5.8B
Net Receivables3.6B3.8B6.0B7.2B8.4B8.8B
Common Stock Shares Outstanding1.3B1.3B1.4B1.6B1.6B1.4B
Liabilities And Stockholders Equity61.4B66.7B105.4B96.5B101.1B106.2B
Non Current Liabilities Total28.7B30.8B43.5B33.1B31.4B33.0B
Inventory3.2B4.0B9.0B4.7B5.4B5.7B
Other Current Assets2.6B3.7B4.8B4.4B5.4B5.2B
Total Liab46.8B51.1B66.1B59.4B62.0B65.1B
Property Plant And Equipment Gross8.3B8.9B10.2B9.4B19.1B20.1B
Total Current Assets15.6B19.5B26.2B22.6B25.1B15.3B
Short Term Debt2.0B2.4B2.9B6.5B5.4B5.7B
Other Assets3.5B4.3B5.3B4.2B4.8B5.0B
Other Stockholder Equity7.8B8.0B35.1B33.5B33.3B35.0B
Accumulated Other Comprehensive Income(143M)881M111M(1.6B)(949M)(996.5M)
Intangible Assets20.8B20.9B42.4B39.3B38.1B40.0B
Other Liab10.3B10.5B13.0B8.5B9.8B6.7B
Long Term Debt15.7B17.5B28.1B23.0B22.4B11.3B
Good Will11.7B11.8B20.0B19.8B20.0B21.1B
Property Plant Equipment8.3B8.9B10.2B9.4B10.9B7.9B
Net Tangible Assets(19.4B)(17.2B)(23.1B)(22.1B)(19.9B)(20.9B)
Short Long Term Debt1.8B2.2B1.7B5.3B5.1B5.4B
Capital Surpluse4.4B4.4B7.9B8.0B9.2B6.4B

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Other Information on Investing in AstraZeneca Stock

Balance Sheet is a snapshot of the financial position of AstraZeneca PLC at a specified time, usually calculated after every quarter, six months, or one year. AstraZeneca PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of AstraZeneca PLC 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 AstraZeneca currently owns. An asset can also be divided into two categories, current and non-current.