WixCom Accounts Payable vs Non Current Liabilities Total Analysis

WIX Stock  USD 219.61  4.89  2.18%   
WixCom financial indicator trend analysis is more than just analyzing WixCom current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WixCom is a good investment. Please check the relationship between WixCom Accounts Payable and its Non Current Liabilities Total accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WixCom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy WixCom Stock please use our How to Invest in WixCom guide.

Accounts Payable vs Non Current Liabilities Total

Accounts Payable vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WixCom Accounts Payable account and Non Current Liabilities Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between WixCom's Accounts Payable and Non Current Liabilities Total is 0.8. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of WixCom, assuming nothing else is changed. The correlation between historical values of WixCom's Accounts Payable and Non Current Liabilities Total 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 WixCom are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Accounts Payable i.e., WixCom's Accounts Payable and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Accounts Payable

An accounting item on the balance sheet that represents WixCom 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 WixCom 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.

Non Current Liabilities Total

Most indicators from WixCom's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WixCom 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in WixCom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy WixCom Stock please use our How to Invest in WixCom guide.At this time, WixCom's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.13 in 2024, despite the fact that Tax Provision is likely to grow to (6.4 M).
 2021 2022 2023 2024 (projected)
Interest Expense5.3M5.2M4.8M5.6M
Depreciation And Amortization18.9M22.9M26.4M27.8M

WixCom fundamental ratios Correlations

0.810.460.830.020.720.550.810.71-0.780.790.620.750.690.560.840.710.60.790.760.370.70.810.80.53-0.23
0.810.620.880.060.940.770.960.85-0.920.860.840.980.930.640.940.880.730.890.990.220.910.980.990.75-0.48
0.460.620.50.340.470.290.470.74-0.470.570.230.670.470.490.60.380.490.70.610.390.610.590.570.28-0.07
0.830.880.5-0.210.830.640.870.9-0.90.880.630.830.770.680.910.780.750.880.820.30.790.850.910.61-0.2
0.020.060.34-0.21-0.12-0.35-0.15-0.070.30.09-0.020.0-0.070.210.17-0.270.150.190.040.41-0.150.01-0.09-0.350.26
0.720.940.470.83-0.120.810.940.78-0.90.810.840.940.990.640.850.90.630.780.960.170.910.910.960.8-0.55
0.550.770.290.64-0.350.810.880.52-0.90.40.880.830.830.090.560.970.490.430.82-0.360.860.840.821.0-0.86
0.810.960.470.87-0.150.940.880.74-0.980.760.90.950.930.480.850.970.720.760.950.060.920.980.980.87-0.63
0.710.850.740.9-0.070.780.520.74-0.780.870.460.840.740.770.870.650.580.930.820.380.770.780.860.49-0.11
-0.78-0.92-0.47-0.90.3-0.9-0.9-0.98-0.78-0.72-0.83-0.93-0.88-0.42-0.8-0.97-0.7-0.73-0.910.01-0.92-0.95-0.96-0.890.61
0.790.860.570.880.090.810.40.760.87-0.720.550.780.760.90.930.610.680.970.80.590.680.780.850.38-0.05
0.620.840.230.63-0.020.840.880.90.46-0.830.550.820.860.260.720.910.630.540.87-0.170.790.880.840.88-0.75
0.750.980.670.830.00.940.830.950.84-0.930.780.820.950.560.870.910.670.830.990.130.950.970.980.82-0.57
0.690.930.470.77-0.070.990.830.930.74-0.880.760.860.950.590.820.90.610.740.960.130.920.90.940.82-0.6
0.560.640.490.680.210.640.090.480.77-0.420.90.260.560.590.770.290.480.860.590.770.470.490.610.060.24
0.840.940.60.910.170.850.560.850.87-0.80.930.720.870.820.770.720.780.950.90.410.760.880.910.54-0.18
0.710.880.380.78-0.270.90.970.970.65-0.970.610.910.910.90.290.720.620.610.9-0.160.910.930.920.96-0.76
0.60.730.490.750.150.630.490.720.58-0.70.680.630.670.610.480.780.620.690.670.350.670.760.70.48-0.19
0.790.890.70.880.190.780.430.760.93-0.730.970.540.830.740.860.950.610.690.840.550.710.810.860.4-0.06
0.760.990.610.820.040.960.820.950.82-0.910.80.870.990.960.590.90.90.670.840.130.920.960.980.8-0.56
0.370.220.390.30.410.17-0.360.060.380.010.59-0.170.130.130.770.41-0.160.350.550.130.110.110.15-0.380.55
0.70.910.610.79-0.150.910.860.920.77-0.920.680.790.950.920.470.760.910.670.710.920.110.920.930.85-0.62
0.810.980.590.850.010.910.840.980.78-0.950.780.880.970.90.490.880.930.760.810.960.110.920.970.83-0.59
0.80.990.570.91-0.090.960.820.980.86-0.960.850.840.980.940.610.910.920.70.860.980.150.930.970.8-0.52
0.530.750.280.61-0.350.81.00.870.49-0.890.380.880.820.820.060.540.960.480.40.8-0.380.850.830.8-0.87
-0.23-0.48-0.07-0.20.26-0.55-0.86-0.63-0.110.61-0.05-0.75-0.57-0.60.24-0.18-0.76-0.19-0.06-0.560.55-0.62-0.59-0.52-0.87
Click cells to compare fundamentals

WixCom Account Relationship Matchups

WixCom fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding50.5M54.4M57.0M58.0M58.4M46.6M
Total Assets1.1B1.8B2.1B1.8B1.8B1.9B
Other Current Liab77.4M527.5M116.5M145.0M133.1M99.9M
Total Current Liabilities444.2M617.0M774.3M1.2B789.0M423.3M
Total Stockholder Equity207.7M250.3M145.7M(263.2M)(54.5M)(51.8M)
Other Liab23.6M66.2M135.0M91.6M105.3M110.6M
Property Plant And Equipment Net111.0M124.3M151.5M309.3M557.5M585.4M
Current Deferred Revenue289.1M373.5M484.4M529.2M592.6M622.2M
Net Debt175.0M762.1M582.6M885.8M386.7M205.1M
Retained Earnings(404.8M)(621.3M)(648.1M)(1.1B)(1.0B)(987.9M)
Accounts Payable37.7M79.9M114.6M96.1M38.3M41.5M
Cash268.1M168.9M451.4M244.7M609.6M640.1M
Non Current Assets Total334.2M725.6M670.0M610.6M733.9M770.6M
Non Currrent Assets Other8.3M21.0M41.6M23.0M34.3M36.0M
Other Assets9.9M21.0M41.6M23.0M1.00.95
Cash And Short Term Investments726.5M1.0B1.3B1.1B962.9M552.7M
Net Receivables17.0M23.7M30.4M42.1M57.4M60.3M
Common Stock Total Equity80K88K94K107K123.1K77.6K
Short Term Investments458.4M867.1M868.2M818.8M353.3M346.2M
Liabilities And Stockholders Equity1.1B1.8B2.1B1.8B1.8B1.9B
Non Current Liabilities Total447.7M959.5M1.1B831.1M1.1B1.1B
Inventory12.7M22.0M27.2M13.7M(1.0)(0.95)
Other Current Assets20.4M41.6M39.9M42.2M49.9M52.4M
Other Stockholder Equity611.1M862.1M794.8M843.1M981.1M1.0B
Total Liab891.9M1.6B1.9B2.0B1.9B2.0B
Property Plant And Equipment Gross111.0M124.3M151.5M309.3M610.0M640.5M
Total Current Assets765.5M1.1B1.4B1.1B1.1B595.9M
Accumulated Other Comprehensive Income1.4M9.4M(1.1M)(33.5M)4.2M4.4M
Short Term Debt37.9M22.3M58.4M420.2M25.0M23.7M
Common Stock94K107K111K108K110K82.8K
Property Plant Equipment111.0M124.3M151.5M309.3M355.7M373.5M
Net Tangible Assets170.1M258.2M56.2M(346.5M)(311.9M)(296.3M)
Intangible Assets19.8M19.3M40.2M34.0M28.0M22.6M
Short Long Term Debt Total443.1M931.0M1.0B1.1B996.3M786.1M
Long Term Debt359.9M834.4M923.0M566.6M569.7M564.7M
Net Invested Capital567.7M1.1B1.1B664.9M515.2M700.3M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for WixCom Stock Analysis

When running WixCom's price analysis, check to measure WixCom'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 WixCom is operating at the current time. Most of WixCom's value examination focuses on studying past and present price action to predict the probability of WixCom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WixCom's price. Additionally, you may evaluate how the addition of WixCom to your portfolios can decrease your overall portfolio volatility.