Solarmax Accounts Payable vs Cash And Short Term Investments Analysis
| SMXT Stock | 1.40 0.08 5.41% |
Solarmax Technology financial indicator trend analysis is much more than just breaking down Solarmax Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solarmax Technology is a good investment. Please check the relationship between Solarmax Technology Accounts Payable and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solarmax Technology Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
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 Solarmax Technology Accounts Payable account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Solarmax Technology's Accounts Payable and Cash And Short Term Investments is 0.5. 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 Solarmax Technology Common, assuming nothing else is changed. The correlation between historical values of Solarmax Technology'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 Solarmax Technology Common 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., Solarmax Technology's Accounts Payable and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.5 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Solarmax Technology 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 Solarmax Technology 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 Solarmax Technology balance sheet. This account contains Solarmax Technology investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Solarmax Technology Common 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 Solarmax Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solarmax Technology 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Solarmax Technology Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. At this time, Solarmax Technology's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.18 in 2025, despite the fact that Tax Provision is likely to grow to (54.9 K).
| 2022 | 2023 | 2024 | 2025 (projected) | Interest Expense | 1.8M | 1.6M | 1.4M | 1.7M | Depreciation And Amortization | 1.4M | 1.6M | 1.5M | 1.0M |
Solarmax Technology fundamental ratios Correlations
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Solarmax Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Solarmax Stock Analysis
When running Solarmax Technology's price analysis, check to measure Solarmax Technology'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 Solarmax Technology is operating at the current time. Most of Solarmax Technology's value examination focuses on studying past and present price action to predict the probability of Solarmax Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solarmax Technology's price. Additionally, you may evaluate how the addition of Solarmax Technology to your portfolios can decrease your overall portfolio volatility.