Styrenix Accounts Payable vs Net Debt Analysis
| STYRENIX | 2,522 4.80 0.19% |
Styrenix Performance financial indicator trend analysis is much more than just breaking down Styrenix Performance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Styrenix Performance is a good investment. Please check the relationship between Styrenix Performance Accounts Payable and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Styrenix Performance Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Accounts Payable vs Net Debt
Accounts Payable vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Styrenix Performance Accounts Payable account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Styrenix Performance's Accounts Payable and Net Debt is -0.53. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Debt in the same time period over historical financial statements of Styrenix Performance Materials, assuming nothing else is changed. The correlation between historical values of Styrenix Performance's Accounts Payable and Net Debt 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 Styrenix Performance Materials are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Accounts Payable i.e., Styrenix Performance's Accounts Payable and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.53 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Styrenix Performance 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 Styrenix Performance 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.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Styrenix Performance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Styrenix Performance 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 Styrenix Performance Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. The Styrenix Performance's current Tax Provision is estimated to increase to about 758.6 M, while Selling General Administrative is projected to decrease to under 365.5 M.
| 2021 | 2023 | 2024 (projected) | Interest Expense | 73.9M | 47.9M | 80.3M | Interest Income | 66.7M | 76.7M | 47.0M |
Styrenix Performance fundamental ratios Correlations
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Styrenix Performance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Styrenix Performance at a specified time, usually calculated after every quarter, six months, or one year. Styrenix Performance Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Styrenix Performance 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 Styrenix currently owns. An asset can also be divided into two categories, current and non-current.