Edible Net Invested Capital vs Accounts Payable Analysis
| EDBLW Stock | USD 0.01 0 15.79% |
Edible Garden financial indicator trend analysis is much more than just examining Edible Garden AG latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Edible Garden AG is a good investment. Please check the relationship between Edible Garden Net Invested Capital and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edible Garden AG. 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.
Net Invested Capital vs Accounts Payable
Net Invested Capital vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Edible Garden AG Net Invested Capital account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Edible Garden's Net Invested Capital and Accounts Payable is -0.08. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Edible Garden AG, assuming nothing else is changed. The correlation between historical values of Edible Garden's Net Invested Capital 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 Net Invested Capital of Edible Garden AG 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 Net Invested Capital i.e., Edible Garden's Net Invested Capital and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.08 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Accounts Payable
An accounting item on the balance sheet that represents Edible Garden 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 Edible Garden AG 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 Edible Garden's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Edible Garden AG 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 Edible Garden AG. 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. Sales General And Administrative To Revenue is likely to climb to 0.76 in 2024, whereas Selling General Administrative is likely to drop slightly above 7.7 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 648K | 364K | 822K | 713.0K | Total Revenue | 10.5M | 11.6M | 14.0M | 11.3M |
Edible Garden fundamental ratios Correlations
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Edible Garden Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Edible Garden's price analysis, check to measure Edible Garden's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Edible Garden is operating at the current time. Most of Edible Garden's value examination focuses on studying past and present price action to predict the probability of Edible Garden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edible Garden's price. Additionally, you may evaluate how the addition of Edible Garden to your portfolios can decrease your overall portfolio volatility.