VIP Accounts Payable vs Total Current Liabilities Analysis

VIPCLOTHNG   45.86  2.89  6.73%   
VIP Clothing financial indicator trend analysis is much more than just breaking down VIP Clothing Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether VIP Clothing Limited is a good investment. Please check the relationship between VIP Clothing Accounts Payable and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VIP Clothing 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 bureau of economic analysis.

Accounts Payable vs Total Current Liabilities

Accounts Payable vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of VIP Clothing Limited Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between VIP Clothing's Accounts Payable and Total Current Liabilities is 0.3. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of VIP Clothing Limited, assuming nothing else is changed. The correlation between historical values of VIP Clothing's Accounts Payable and Total Current Liabilities 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 VIP Clothing Limited are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Accounts Payable i.e., VIP Clothing's Accounts Payable and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.3
Relationship DirectionPositive 
Relationship StrengthVery Weak

Accounts Payable

An accounting item on the balance sheet that represents VIP Clothing 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 VIP Clothing Limited 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.

Total Current Liabilities

Total Current Liabilities is an item on VIP Clothing balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of VIP Clothing Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from VIP Clothing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into VIP Clothing Limited 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 VIP Clothing 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 bureau of economic analysis.
Selling General Administrative is likely to gain to about 34.8 M in 2024, whereas Discontinued Operations is likely to drop (1.1 M) in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense76.9M91.2M90.9M79.8M
Depreciation And Amortization38.5M30.6M27.2M30.9M

VIP Clothing fundamental ratios Correlations

0.35-0.30.140.91-0.510.39-0.250.95-0.060.340.540.640.440.330.160.720.810.23-0.45-0.570.450.570.410.170.46
0.35-0.780.570.12-0.470.990.130.160.020.260.37-0.120.330.080.450.590.630.5-0.52-0.070.490.360.660.110.05
-0.3-0.78-0.16-0.230.56-0.77-0.09-0.150.22-0.28-0.61-0.1-0.21-0.35-0.61-0.29-0.49-0.110.390.18-0.2-0.65-0.66-0.2-0.27
0.140.57-0.16-0.24-0.350.560.13-0.060.380.070.07-0.580.67-0.330.20.720.480.95-0.790.30.290.160.440.150.0
0.910.12-0.23-0.24-0.460.15-0.20.96-0.210.410.540.770.090.420.10.370.56-0.14-0.19-0.650.370.470.260.040.36
-0.51-0.470.56-0.35-0.46-0.45-0.19-0.420.04-0.61-0.90.05-0.18-0.25-0.57-0.39-0.56-0.360.790.19-0.43-0.68-0.690.12-0.25
0.390.99-0.770.560.15-0.450.030.20.040.190.36-0.080.360.090.420.630.640.49-0.51-0.060.480.370.650.120.08
-0.250.13-0.090.13-0.2-0.190.03-0.32-0.080.77-0.02-0.41-0.260.14-0.01-0.2-0.050.12-0.080.10.14-0.130.05-0.1-0.25
0.950.16-0.15-0.060.96-0.420.2-0.32-0.10.290.450.70.250.240.060.530.590.03-0.29-0.610.40.420.260.080.35
-0.060.020.220.38-0.210.040.04-0.08-0.1-0.09-0.15-0.370.26-0.45-0.250.180.050.28-0.160.420.05-0.22-0.05-0.14-0.14
0.340.26-0.280.070.41-0.610.190.770.29-0.090.46-0.02-0.180.320.110.060.340.12-0.32-0.270.420.220.32-0.16-0.09
0.540.37-0.610.070.54-0.90.36-0.020.45-0.150.460.210.120.340.590.280.550.13-0.59-0.410.430.750.64-0.20.46
0.64-0.12-0.1-0.580.770.05-0.08-0.410.7-0.37-0.020.210.030.57-0.050.140.33-0.490.29-0.60.010.36-0.080.20.52
0.440.33-0.210.670.09-0.180.36-0.260.250.26-0.180.120.030.020.180.840.690.69-0.610.02-0.070.510.280.530.5
0.330.08-0.35-0.330.42-0.250.090.140.24-0.450.320.340.570.020.130.070.41-0.310.08-0.07-0.220.560.120.320.44
0.160.45-0.610.20.1-0.570.42-0.010.06-0.250.110.59-0.050.180.130.20.310.18-0.55-0.20.220.640.70.220.25
0.720.59-0.290.720.37-0.390.63-0.20.530.180.060.280.140.840.070.20.880.75-0.71-0.160.370.50.480.340.43
0.810.63-0.490.480.56-0.560.64-0.050.590.050.340.550.330.690.410.310.880.54-0.64-0.330.420.70.580.30.54
0.230.5-0.110.95-0.14-0.360.490.120.030.280.120.13-0.490.69-0.310.180.750.54-0.790.080.330.210.370.170.03
-0.45-0.520.39-0.79-0.190.79-0.51-0.08-0.29-0.16-0.32-0.590.29-0.610.08-0.55-0.71-0.64-0.790.04-0.39-0.61-0.72-0.16-0.25
-0.57-0.070.180.3-0.650.19-0.060.1-0.610.42-0.27-0.41-0.60.02-0.07-0.2-0.16-0.330.080.04-0.49-0.28-0.180.07-0.27
0.450.49-0.20.290.37-0.430.480.140.40.050.420.430.01-0.07-0.220.220.370.420.33-0.39-0.490.050.52-0.450.08
0.570.36-0.650.160.47-0.680.37-0.130.42-0.220.220.750.360.510.560.640.50.70.21-0.61-0.280.050.60.470.66
0.410.66-0.660.440.26-0.690.650.050.26-0.050.320.64-0.080.280.120.70.480.580.37-0.72-0.180.520.60.110.23
0.170.11-0.20.150.040.120.12-0.10.08-0.14-0.16-0.20.20.530.320.220.340.30.17-0.160.07-0.450.470.110.14
0.460.05-0.270.00.36-0.250.08-0.250.35-0.14-0.090.460.520.50.440.250.430.540.03-0.25-0.270.080.660.230.14
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VIP Clothing Account Relationship Matchups

VIP Clothing fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B2.7B2.8B2.8B2.7B2.9B
Short Long Term Debt Total888.1M925.6M1.0B886.1M805.2M818.8M
Other Current Liab17.0M27.5M37.0M39.3M46.4M50.4M
Total Current Liabilities1.1B1.1B1.3B1.1B1.1B1.1B
Total Stockholder Equity1.4B1.4B1.3B1.5B1.4B1.4B
Property Plant And Equipment Net398.1M371.5M344.2M279.9M297.7M412.6M
Net Debt811.4M883.2M1.0B773.4M802.2M785.3M
Cash18.2M42.4M13.0M112.7M3.0M2.9M
Non Current Assets Total1.1B1.1B1.0B1.1B1.1B1.1B
Non Currrent Assets Other8.0M3.6M700K86.9M189.0M198.4M
Cash And Short Term Investments41.4M76.0M48.5M164.9M42.7M48.6M
Liabilities And Stockholders Equity2.7B2.7B2.8B2.8B2.7B2.9B
Non Current Liabilities Total281.1M224.9M242.3M212.3M174.5M281.8M
Inventory923.7M766.8M923.1M807.2M827.9M1.0B
Other Current Assets1.1M22.6M752.3M819.9M109.6M104.1M
Total Liab1.4B1.4B1.5B1.3B1.3B1.4B
Total Current Assets1.6B1.6B1.8B1.8B1.6B1.8B
Accumulated Other Comprehensive Income(239.4M)480.0M483.4M598.2M687.9M722.3M
Short Term Debt786.5M873.7M920.0M803.8M724.4M863.2M
Accounts Payable207.5M208.8M314.1M281.1M368.4M233.8M
Net Receivables650.8M754.9M604.1M664.6M583.0M667.3M
Intangible Assets694.2M693.8M693.8M693.7M693.7M759.5M
Current Deferred Revenue65.0M41M28.2M32.5M8.6M9.0M
Retained Earnings(31.7M)(41.9M)(61.9M)1.1M(127.4M)(121.0M)
Other Liab238.1M155.2M128.7M129.9M116.9M221.0M
Net Tangible Assets671.7M656.7M640.1M818.0M736.2M561.9M
Other Assets13.7M13.4M10.9M94.8M85.3M89.6M
Long Term Debt58.6M31.3M100.3M68.6M36.8M33.0M
Short Long Term Debt786.5M854.6M902.6M786.4M710.3M735.4M
Property Plant Equipment398.1M371.5M344.2M279.9M251.9M352.3M
Short Term Investments23.2M33.6M35.5M52.2M39.7M39.2M
Long Term Debt Total101.6M69.7M113.7M82.4M94.7M54.7M
Cash And Equivalents160K18.2M77.4M50.6M58.2M61.1M
Net Invested Capital2.2B2.2B2.3B2.4B2.1B1.9B
Net Working Capital541.1M496.7M526.5M653.2M408.6M496.4M

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