Blue Accounts Payable vs Other Current Assets Analysis

BSK Stock  CAD 0.06  0.01  20.00%   
Blue Sky financial indicator trend analysis is way more than just evaluating Blue Sky Uranium prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Sky Uranium is a good investment. Please check the relationship between Blue Sky Accounts Payable and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Sky Uranium. 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 Other Current Assets

Accounts Payable vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blue Sky Uranium Accounts Payable account and Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Blue Sky's Accounts Payable and Other Current Assets is -0.19. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Blue Sky Uranium, assuming nothing else is changed. The correlation between historical values of Blue Sky's Accounts Payable and Other Current Assets 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 Blue Sky Uranium are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Accounts Payable i.e., Blue Sky's Accounts Payable and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.19
Relationship DirectionNegative 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Blue Sky 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 Blue Sky Uranium 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 Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Blue Sky's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Sky Uranium 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 Blue Sky Uranium. 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.
At this time, Blue Sky's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 3.9 M in 2024, whereas Enterprise Value is likely to drop slightly above 8.5 M in 2024.

Blue Sky fundamental ratios Correlations

-0.090.92-0.42-0.10.480.370.710.470.060.24-0.090.480.690.45-0.31-0.060.00.020.220.720.00.080.45-0.04-0.24
-0.09-0.440.09-0.480.570.25-0.240.20.39-0.21.00.17-0.26-0.35-0.330.2-0.08-0.21-0.09-0.55-0.080.41-0.40.320.41
0.92-0.44-0.390.140.230.230.730.33-0.170.3-0.440.350.730.53-0.19-0.150.180.080.160.850.18-0.10.57-0.2-0.35
-0.420.09-0.390.55-0.11-0.920.28-0.92-0.560.320.09-0.920.290.080.14-0.330.13-0.48-0.02-0.390.13-0.650.35-0.59-0.46
-0.1-0.480.140.55-0.35-0.620.39-0.6-0.930.35-0.48-0.60.430.250.5-0.460.53-0.23-0.220.280.53-0.90.7-0.82-0.7
0.480.570.23-0.11-0.350.240.310.280.180.030.570.270.280.11-0.580.04-0.01-0.190.06-0.06-0.010.22-0.050.090.15
0.370.250.23-0.92-0.620.24-0.380.980.61-0.380.250.97-0.39-0.19-0.20.38-0.070.42-0.150.2-0.070.71-0.460.670.57
0.71-0.240.730.280.390.31-0.38-0.29-0.440.53-0.24-0.281.00.52-0.17-0.330.14-0.360.280.580.14-0.450.82-0.59-0.67
0.470.20.33-0.92-0.60.280.98-0.290.59-0.330.21.0-0.3-0.05-0.210.32-0.090.4-0.110.26-0.090.68-0.390.630.51
0.060.39-0.17-0.56-0.930.180.61-0.440.59-0.560.390.58-0.45-0.16-0.160.65-0.660.210.39-0.13-0.660.93-0.560.830.6
0.24-0.20.30.320.350.03-0.380.53-0.33-0.56-0.2-0.330.510.03-0.37-0.860.13-0.29-0.230.040.13-0.590.27-0.56-0.42
-0.091.0-0.440.09-0.480.570.25-0.240.20.39-0.20.17-0.26-0.35-0.330.2-0.08-0.21-0.09-0.55-0.080.41-0.40.320.41
0.480.170.35-0.92-0.60.270.97-0.281.00.58-0.330.17-0.29-0.03-0.230.31-0.090.47-0.10.27-0.090.66-0.40.650.52
0.69-0.260.730.290.430.28-0.391.0-0.3-0.450.51-0.26-0.290.53-0.12-0.320.15-0.370.290.60.15-0.460.85-0.61-0.7
0.45-0.350.530.080.250.11-0.190.52-0.05-0.160.03-0.35-0.030.530.160.030.05-0.080.430.510.05-0.140.57-0.32-0.37
-0.31-0.33-0.190.140.5-0.58-0.2-0.17-0.21-0.16-0.37-0.33-0.23-0.120.160.19-0.1-0.130.210.28-0.1-0.250.41-0.26-0.39
-0.060.2-0.15-0.33-0.460.040.38-0.330.320.65-0.860.20.31-0.320.030.19-0.250.250.330.06-0.250.67-0.210.580.4
0.0-0.080.180.130.53-0.01-0.070.14-0.09-0.660.13-0.08-0.090.150.05-0.1-0.25-0.04-0.560.061.0-0.370.22-0.42-0.1
0.02-0.210.08-0.48-0.23-0.190.42-0.360.40.21-0.29-0.210.47-0.37-0.08-0.130.25-0.04-0.050.03-0.040.21-0.410.610.5
0.22-0.090.16-0.02-0.220.06-0.150.28-0.110.39-0.23-0.09-0.10.290.430.210.33-0.56-0.050.32-0.560.280.320.1-0.18
0.72-0.550.85-0.390.28-0.060.20.580.26-0.130.04-0.550.270.60.510.280.060.060.030.320.06-0.080.7-0.24-0.44
0.0-0.080.180.130.53-0.01-0.070.14-0.09-0.660.13-0.08-0.090.150.05-0.1-0.251.0-0.04-0.560.06-0.370.22-0.42-0.1
0.080.41-0.1-0.65-0.90.220.71-0.450.680.93-0.590.410.66-0.46-0.14-0.250.67-0.370.210.28-0.08-0.37-0.570.80.69
0.45-0.40.570.350.7-0.05-0.460.82-0.39-0.560.27-0.4-0.40.850.570.41-0.210.22-0.410.320.70.22-0.57-0.73-0.82
-0.040.32-0.2-0.59-0.820.090.67-0.590.630.83-0.560.320.65-0.61-0.32-0.260.58-0.420.610.1-0.24-0.420.8-0.730.82
-0.240.41-0.35-0.46-0.70.150.57-0.670.510.6-0.420.410.52-0.7-0.37-0.390.4-0.10.5-0.18-0.44-0.10.69-0.820.82
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Blue Sky Account Relationship Matchups

Blue Sky fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets475.9K1.3M3.5M2.0M1.3M1.8M
Total Current Liabilities252.3K2.0M606.4K898.6K924.5K555.6K
Total Stockholder Equity223.6K(687.8K)2.9M1.1M401.2K381.2K
Net Debt(360.6K)188.4K(3.3M)(1.8M)(1.1M)(1.1M)
Retained Earnings(37.4M)(39.3M)(45.8M)(51.4M)(55.0M)(52.3M)
Accounts Payable252.3K580.7K606.4K374.5K430.6K351.6K
Cash360.6K1.2M3.3M1.8M1.1M1.0M
Non Current Assets Total61.0K70.9K79.8K99.7K202.4K192.3K
Cash And Short Term Investments360.6K1.2M3.3M1.8M1.1M1.2M
Common Stock Shares Outstanding113.0M120.1M166.7M193.9M233.0M244.6M
Liabilities And Stockholders Equity475.9K1.3M3.5M2.0M1.3M1.8M
Other Stockholder Equity4.5M4.6M4.6M4.9M6.8M8.2M
Total Liab252.3K2.0M606.4K898.6K924.5K555.6K
Total Current Assets414.9K1.3M3.4M1.9M1.1M1.3M
Property Plant And Equipment Net61.0K70.9K79.8K99.7K202.4K192.3K
Net Receivables7.1K6.9K12.1K18.5K13.6K12.5K
Accumulated Other Comprehensive Income3.2M4.1M6.4M7.3M6.5M4.6M
Other Current Assets47.2K39.8K84.5K91.3K58.9K102.0K
Other Current Liab252.3K36.2K851.0898.6K924.5K970.7K
Net Tangible Assets223.6K(687.8K)2.9M1.1M1.3M923.1K
Property Plant Equipment61.0K70.9K79.8K99.7K89.7K85.2K
Net Invested Capital223.6K716.2K2.9M1.1M401.2K381.2K
Net Working Capital162.6K(758.7K)2.8M1.0M198.9K188.9K

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