Meghmani Other Stockholder Equity vs Accounts Payable Analysis

MOL Stock   93.72  0.24  0.26%   
Meghmani Organics financial indicator trend analysis is infinitely more than just investigating Meghmani Organics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Meghmani Organics is a good investment. Please check the relationship between Meghmani Organics Other Stockholder Equity and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meghmani Organics 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.

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 Meghmani Organics Other Stockholder Equity account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Meghmani Organics' Other Stockholder Equity and Accounts Payable is 0.66. 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 Meghmani Organics Limited, assuming nothing else is changed. The correlation between historical values of Meghmani Organics' 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 Meghmani Organics 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 Other Stockholder Equity i.e., Meghmani Organics' Other Stockholder Equity and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.66
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Stockholder Equity

Accounts Payable

An accounting item on the balance sheet that represents Meghmani Organics 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 Meghmani Organics 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 Meghmani Organics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Meghmani Organics 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meghmani Organics 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.
The current year's Selling General Administrative is expected to grow to about 249.9 M, whereas Tax Provision is forecasted to decline to about 102.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit10.0B10.4B3.2B3.0B
Total Revenue24.7B25.6B15.5B20.7B

Meghmani Organics fundamental ratios Correlations

0.370.37-0.260.430.40.520.490.490.030.530.190.050.170.340.30.450.250.370.30.47-0.050.390.43-0.170.71
0.370.890.340.940.970.770.740.750.350.810.030.510.790.740.880.780.770.990.850.790.460.60.72-0.180.65
0.370.890.480.810.770.790.890.440.380.74-0.190.360.640.840.680.620.590.940.660.850.650.610.48-0.210.52
-0.260.340.480.120.190.420.44-0.180.120.31-0.29-0.080.060.45-0.04-0.190.460.37-0.020.030.62-0.060.0-0.09-0.21
0.430.940.810.120.920.720.70.810.230.790.040.390.890.690.960.910.680.930.950.820.340.740.76-0.070.71
0.40.970.770.190.920.750.650.870.310.830.180.590.810.670.90.810.830.920.890.70.240.530.83-0.120.72
0.520.770.790.420.720.750.920.590.330.980.040.360.620.920.590.540.820.760.630.550.170.370.780.110.67
0.490.740.890.440.70.650.920.430.220.85-0.260.210.540.880.550.560.630.780.540.730.370.410.54-0.130.64
0.490.750.44-0.180.810.870.590.430.170.730.210.450.720.440.860.860.660.680.830.54-0.180.370.87-0.040.8
0.030.350.380.120.230.310.330.220.170.310.210.70.30.570.280.080.180.370.340.180.050.140.350.360.11
0.530.810.740.310.790.830.980.850.730.310.140.440.720.880.70.640.880.780.740.550.070.390.890.140.74
0.190.03-0.19-0.290.040.180.04-0.260.210.210.140.470.230.030.07-0.10.29-0.070.21-0.28-0.30.240.430.610.02
0.050.510.36-0.080.390.590.360.210.450.70.440.470.540.480.510.290.480.450.550.26-0.110.170.610.240.4
0.170.790.640.060.890.810.620.540.720.30.720.230.540.680.920.780.690.760.970.580.180.710.810.250.59
0.340.740.840.450.690.670.920.880.440.570.880.030.480.680.590.460.710.760.660.550.280.440.690.250.52
0.30.880.68-0.040.960.90.590.550.860.280.70.070.510.920.590.940.620.850.980.750.180.650.78-0.040.72
0.450.780.62-0.190.910.810.540.560.860.080.64-0.10.290.780.460.940.460.770.870.820.10.610.66-0.210.78
0.250.770.590.460.680.830.820.630.660.180.880.290.480.690.710.620.460.70.670.310.110.260.850.140.55
0.370.990.940.370.930.920.760.780.680.370.78-0.070.450.760.760.850.770.70.820.840.530.630.64-0.220.62
0.30.850.66-0.020.950.890.630.540.830.340.740.210.550.970.660.980.870.670.820.670.150.70.840.150.67
0.470.790.850.030.820.70.550.730.540.180.55-0.280.260.580.550.750.820.310.840.670.490.670.37-0.430.64
-0.050.460.650.620.340.240.170.37-0.180.050.07-0.3-0.110.180.280.180.10.110.530.150.490.52-0.21-0.38-0.15
0.390.60.61-0.060.740.530.370.410.370.140.390.240.170.710.440.650.610.260.630.70.670.520.380.110.34
0.430.720.480.00.760.830.780.540.870.350.890.430.610.810.690.780.660.850.640.840.37-0.210.380.330.73
-0.17-0.18-0.21-0.09-0.07-0.120.11-0.13-0.040.360.140.610.240.250.25-0.04-0.210.14-0.220.15-0.43-0.380.110.33-0.22
0.710.650.52-0.210.710.720.670.640.80.110.740.020.40.590.520.720.780.550.620.670.64-0.150.340.73-0.22
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Meghmani Organics Account Relationship Matchups

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Other Information on Investing in Meghmani Stock

Balance Sheet is a snapshot of the financial position of Meghmani Organics at a specified time, usually calculated after every quarter, six months, or one year. Meghmani Organics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Meghmani Organics and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Meghmani currently owns. An asset can also be divided into two categories, current and non-current.