ENIL Stock | | | 182.05 0.32 0.18% |
Entertainment Network financial indicator trend analysis is much more than just examining Entertainment Network latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Entertainment Network is a good investment. Please check the relationship between Entertainment Network Total Current Liabilities and its Accounts Payable accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entertainment Network Limited. 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.
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
Entertainment Network Total Current Liabilities account and
Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Entertainment Network's Total Current Liabilities and Accounts Payable is 0.78. 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 Entertainment Network Limited, assuming nothing else is changed. The correlation between historical values of Entertainment Network'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 Entertainment Network Limited 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., Entertainment Network's Total Current Liabilities and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Entertainment Network balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Entertainment Network Limited 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 Entertainment Network 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 Entertainment Network 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 Entertainment Network's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Entertainment Network 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 Entertainment Network Limited. 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.
Tax Provision is likely to gain to about 73.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 228.1
M in 2024.
Entertainment Network fundamental ratios Correlations
Click cells to compare fundamentals
Entertainment Network Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Entertainment Network fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Entertainment Stock Analysis
When running Entertainment Network's price analysis, check to
measure Entertainment Network'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 Entertainment Network is operating at the current time. Most of Entertainment Network's value examination focuses on studying past and present price action to
predict the probability of Entertainment Network's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entertainment Network's price. Additionally, you may evaluate how the addition of Entertainment Network to your portfolios can decrease your overall portfolio volatility.