Environmental Clean financial indicator trend analysis is much more than just examining Environmental Clean latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Environmental Clean is a good investment. Please check the relationship between Environmental Clean Accounts Payable and its Short Term Debt accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Environmental Clean Technologies. 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 Short Term Debt
Accounts Payable vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Environmental Clean Accounts Payable account and
Short Term Debt. At this time, the significance of the direction appears to have very week relationship.
The correlation between Environmental Clean's Accounts Payable and Short Term Debt is 0.29. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Environmental Clean Technologies, assuming nothing else is changed. The correlation between historical values of Environmental Clean's Accounts Payable and Short Term Debt 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 Environmental Clean Technologies are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Accounts Payable i.e., Environmental Clean's Accounts Payable and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.29 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Environmental Clean 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 Environmental Clean 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.
Short Term Debt
Most indicators from Environmental Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Environmental Clean 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Environmental Clean Technologies. 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.
Issuance Of Capital Stock is likely to gain to about 6.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.7
M in 2024.
Environmental Clean fundamental ratios Correlations
Click cells to compare fundamentals
Environmental Clean Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Environmental Clean fundamental ratios Accounts
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Additional Tools for Environmental Stock Analysis
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