Elixxer Other Stockholder Equity vs Accounts Payable Analysis
| ELXR Stock | CAD 1.15 0.00 0.00% |
Elixxer financial indicator trend analysis is much more than just examining Elixxer latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elixxer is a good investment. Please check the relationship between Elixxer Other Stockholder Equity and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elixxer. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Other Stockholder Equity vs Accounts Payable
Other Stockholder Equity vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elixxer Other Stockholder Equity account and Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Elixxer's Other Stockholder Equity and Accounts Payable is -0.51. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Elixxer, assuming nothing else is changed. The correlation between historical values of Elixxer's Other Stockholder Equity 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 Other Stockholder Equity of Elixxer 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 Other Stockholder Equity i.e., Elixxer's Other Stockholder Equity and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.51 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Other Stockholder Equity
Accounts Payable
An accounting item on the balance sheet that represents Elixxer 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 Elixxer 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 Elixxer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elixxer 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 Elixxer. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. Selling General Administrative is likely to climb to about 3.4 M in 2024
| 2023 | 2024 (projected) | Total Operating Expenses | 2.6M | 3.8M | Cost Of Revenue | 11.9M | 6.4M |
Elixxer fundamental ratios Correlations
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Elixxer Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Elixxer Stock Analysis
When running Elixxer's price analysis, check to measure Elixxer'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 Elixxer is operating at the current time. Most of Elixxer's value examination focuses on studying past and present price action to predict the probability of Elixxer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elixxer's price. Additionally, you may evaluate how the addition of Elixxer to your portfolios can decrease your overall portfolio volatility.