| OFS Stock | | | USD 8.29 0.18 2.22% |
OFS Capital financial indicator trend analysis is much more than just breaking down OFS Capital Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OFS Capital Corp is a good investment. Please check the relationship between OFS Capital Non Current Assets Total and its Accounts Payable accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in OFS Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
For more information on how to buy OFS Stock please use our
How to Invest in OFS Capital guide.
Non Current Assets Total vs Accounts Payable
Non Current Assets Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
OFS Capital Corp Non Current Assets Total account and
Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between OFS Capital's Non Current Assets Total and Accounts Payable is 0.74. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of OFS Capital Corp, assuming nothing else is changed. The correlation between historical values of OFS Capital's Non Current Assets Total 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 Non Current Assets Total of OFS Capital Corp 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 Non Current Assets Total i.e., OFS Capital's Non Current Assets Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.74 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Accounts Payable
An accounting item on the balance sheet that represents OFS Capital 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 OFS Capital Corp 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 OFS Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OFS Capital Corp 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in OFS Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
For more information on how to buy OFS Stock please use our
How to Invest in OFS Capital guide.At this time, OFS Capital's
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 10.78 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.07 in 2024.
OFS Capital fundamental ratios Correlations
Click cells to compare fundamentals
OFS Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
OFS Capital fundamental ratios Accounts
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Additional Tools for OFS Stock Analysis
When running OFS Capital's price analysis, check to
measure OFS Capital'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 OFS Capital is operating at the current time. Most of OFS Capital's value examination focuses on studying past and present price action to
predict the probability of OFS Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OFS Capital's price. Additionally, you may evaluate how the addition of OFS Capital to your portfolios can decrease your overall portfolio volatility.