Iron Road financial indicator trend analysis is infinitely more than just investigating Iron Road recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Iron Road is a good investment. Please check the relationship between Iron Road Accounts Payable and its Cash And Short Term Investments accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iron Road. 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 Cash And Short Term Investments
Accounts Payable vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Iron Road Accounts Payable account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between Iron Road's Accounts Payable and Cash And Short Term Investments is 0.03. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Iron Road, assuming nothing else is changed. The correlation between historical values of Iron Road's Accounts Payable and Cash And Short Term Investments 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 Iron Road are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Accounts Payable i.e., Iron Road's Accounts Payable and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.03 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Iron Road 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 Iron Road 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.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Iron Road balance sheet. This account contains Iron Road investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Iron Road fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Iron Road's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Iron Road 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iron Road. 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.
Selling General Administrative is likely to drop to about 498.7
K in 2024.
Issuance Of Capital Stock is likely to drop to about 790.2
K in 2024
Iron Road fundamental ratios Correlations
Click cells to compare fundamentals
Iron Road Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Iron Road fundamental ratios Accounts
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Additional Tools for Iron Stock Analysis
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