Albemarle Net Debt vs Accounts Payable Analysis
| ALB-PA Stock | 47.47 1.84 3.73% |
Albemarle financial indicator trend analysis is way more than just evaluating Albemarle prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Albemarle is a good investment. Please check the relationship between Albemarle Net Debt and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albemarle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Net Debt vs Accounts Payable
Net Debt vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Albemarle Net Debt account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Albemarle's Net Debt and Accounts Payable is -0.27. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Albemarle, assuming nothing else is changed. The correlation between historical values of Albemarle's Net Debt 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 Net Debt of Albemarle 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 Net Debt i.e., Albemarle's Net Debt and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.27 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.Accounts Payable
An accounting item on the balance sheet that represents Albemarle 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 Albemarle 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 Albemarle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Albemarle 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Albemarle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of December 11, 2024, Tax Provision is expected to decline to about 248.8 M. In addition to that, Selling General Administrative is expected to decline to about 636.6 M
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 998.0M | 3.1B | 1.2B | 1.7B | Total Revenue | 3.3B | 7.3B | 9.6B | 6.4B |
Albemarle fundamental ratios Correlations
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Albemarle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Albemarle at a specified time, usually calculated after every quarter, six months, or one year. Albemarle Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Albemarle 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 Albemarle currently owns. An asset can also be divided into two categories, current and non-current.