ASX Accounts Payable vs Cash And Short Term Investments Analysis

ASX Stock   66.03  0.44  0.67%   
ASX financial indicator trend analysis is way more than just evaluating ASX prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ASX is a good investment. Please check the relationship between ASX Accounts Payable and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASX. 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.

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 ASX Accounts Payable account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between ASX's Accounts Payable and Cash And Short Term Investments is -0.53. 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 ASX, assuming nothing else is changed. The correlation between historical values of ASX'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 ASX 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., ASX's Accounts Payable and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.53
Relationship DirectionNegative 
Relationship StrengthVery Weak

Accounts Payable

An accounting item on the balance sheet that represents ASX 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 ASX 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 ASX balance sheet. This account contains ASX investments that will expire within one year. These investments include stocks and bonds that can be liquidated by ASX 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 ASX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ASX 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 ASX. 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.
Selling General Administrative is likely to gain to about 353.7 M in 2024. Tax Provision is likely to gain to about 212.2 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense13.8M333.1M460.6M483.6M
Depreciation And Amortization52.4M39.1M40M32.1M

ASX fundamental ratios Correlations

0.040.720.990.610.20.740.160.990.640.660.730.24-0.28-0.30.990.990.10.670.87-0.460.580.72-0.250.610.88
0.04-0.4-0.010.420.780.43-0.020.020.210.35-0.290.58-0.260.49-0.020.010.6-0.13-0.29-0.090.35-0.6-0.530.34-0.02
0.72-0.40.750.18-0.20.19-0.080.740.350.280.67-0.09-0.15-0.650.760.74-0.610.850.87-0.220.20.91-0.320.260.75
0.99-0.010.750.50.210.680.11.00.630.560.70.18-0.3-0.41.01.00.060.710.91-0.510.460.76-0.270.510.9
0.610.420.180.50.150.880.420.510.560.990.310.66-0.10.390.50.530.340.260.25-0.030.980.08-0.10.980.32
0.20.78-0.20.210.150.34-0.40.220.230.12-0.040.19-0.150.050.210.220.560.080.02-0.330.06-0.31-0.640.090.35
0.740.430.190.680.880.340.340.690.60.850.320.62-0.250.170.670.70.530.360.45-0.340.810.18-0.110.840.5
0.16-0.02-0.080.10.42-0.40.340.090.340.38-0.030.41-0.020.580.10.10.25-0.05-0.120.010.49-0.040.30.35-0.32
0.990.020.741.00.510.220.690.090.590.570.690.21-0.36-0.41.01.00.080.690.91-0.530.470.75-0.260.520.9
0.640.210.350.630.560.230.60.340.590.550.350.33-0.180.140.620.620.220.380.38-0.370.550.28-0.280.550.42
0.660.350.280.560.990.120.850.380.570.550.430.58-0.060.320.560.580.250.310.33-0.020.980.18-0.120.980.4
0.73-0.290.670.70.31-0.040.32-0.030.690.350.43-0.380.12-0.310.720.71-0.170.450.67-0.170.350.76-0.050.380.72
0.240.58-0.090.180.660.190.620.410.210.330.58-0.38-0.450.410.170.190.360.08-0.01-0.160.6-0.26-0.170.57-0.03
-0.28-0.26-0.15-0.3-0.1-0.15-0.25-0.02-0.36-0.18-0.060.12-0.450.1-0.29-0.3-0.16-0.07-0.240.640.01-0.160.07-0.07-0.19
-0.30.49-0.65-0.40.390.050.170.58-0.40.140.32-0.310.410.1-0.4-0.380.51-0.57-0.720.180.44-0.680.140.32-0.62
0.99-0.020.761.00.50.210.670.11.00.620.560.720.17-0.29-0.41.00.050.710.91-0.510.460.77-0.270.510.91
0.990.010.741.00.530.220.70.11.00.620.580.710.19-0.3-0.381.00.080.70.9-0.510.490.75-0.260.530.9
0.10.6-0.610.060.340.560.530.250.080.220.25-0.170.36-0.160.510.050.08-0.43-0.23-0.30.26-0.460.160.22-0.05
0.67-0.130.850.710.260.080.36-0.050.690.380.310.450.08-0.07-0.570.710.7-0.430.78-0.250.250.67-0.570.320.69
0.87-0.290.870.910.250.020.45-0.120.910.380.330.67-0.01-0.24-0.720.910.9-0.230.78-0.430.220.9-0.180.290.91
-0.46-0.09-0.22-0.51-0.03-0.33-0.340.01-0.53-0.37-0.02-0.17-0.160.640.18-0.51-0.51-0.3-0.25-0.430.05-0.320.130.01-0.43
0.580.350.20.460.980.060.810.490.470.550.980.350.60.010.440.460.490.260.250.220.050.1-0.090.970.26
0.72-0.60.910.760.08-0.310.18-0.040.750.280.180.76-0.26-0.16-0.680.770.75-0.460.670.9-0.320.10.020.160.75
-0.25-0.53-0.32-0.27-0.1-0.64-0.110.3-0.26-0.28-0.12-0.05-0.170.070.14-0.27-0.260.16-0.57-0.180.13-0.090.02-0.1-0.37
0.610.340.260.510.980.090.840.350.520.550.980.380.57-0.070.320.510.530.220.320.290.010.970.16-0.10.35
0.88-0.020.750.90.320.350.5-0.320.90.420.40.72-0.03-0.19-0.620.910.9-0.050.690.91-0.430.260.75-0.370.35
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ASX Account Relationship Matchups

ASX fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets17.4B16.6B18.2B16.8B16.9B17.7B
Short Long Term Debt Total12.8B72.4M67.6M78.6M334.3M317.6M
Other Current Liab13.2B12.4B13.9B12.7B12.4B13.1B
Total Current Liabilities13.3B12.5B14.1B12.9B12.6B13.2B
Total Stockholder Equity3.7B3.7B3.8B3.6B3.7B2.5B
Net Debt12.3B(5.3B)(4.9B)(930M)(908.8M)(863.4M)
Retained Earnings603.8M629.9M697.8M557.8M619.1M396.7M
Cash468.6M5.4B5.0B1.0B1.2B1.7B
Cash And Short Term Investments13.9B13.4B14.5B13.5B13.4B14.1B
Net Receivables761.6M362.6M857.1M619.4M659.3M333.6M
Common Stock Shares Outstanding193.6M193.6M193.6M193.6M193.7M172.1M
Liabilities And Stockholders Equity17.4B16.6B18.2B16.8B16.9B17.7B
Non Current Liabilities Total348.1M353.5M362.2M326.4M592.7M622.3M
Other Current Assets23.3M21M17.8M24.3M28.4M27.0M
Other Stockholder Equity89.4M79.2M80.4M55.6M63.9M60.7M
Total Liab13.7B12.9B14.4B13.2B13.2B13.8B
Total Current Assets14.6B13.8B15.3B14.2B14.1B14.8B
Accumulated Other Comprehensive Income89.4M79.2M80.4M55.6M59M95.5M
Short Term Debt9.5M9.8M10.6M31.1M11.3M10.7M
Property Plant And Equipment Net137M122.5M110M90.5M101.4M67.4M
Current Deferred Revenue89.1M108.7M119M112.5M102M107.1M
Accounts Payable5.6M6.5M9.2M12.1M10.4M9.9M
Non Current Assets Total2.8B2.8B2.9B2.7B2.8B2.0B
Property Plant And Equipment Gross137M271.3M283.8M286.4M316.4M332.2M
Non Currrent Assets Other(2.3B)6.8M5.6M2.7M8.5M8.9M
Short Term Investments13.4B8.0B9.5B12.5B12.2B12.8B
Other Liab276.5M290.9M305.2M278.9M251.0M238.5M
Other Assets17.4B54.9M60.7M67.1M16.9B17.7B
Property Plant Equipment137M122.5M110M90.5M104.1M65.0M
Intangible Assets2.5B248.9M319.7M151.3M248.8M209.0M
Net Tangible Assets1.2B1.2B1.2B1.2B1.1B1.1B
Long Term Investments85.6M87.6M97.6M51.8M37.5M35.6M
Long Term Debt Total71.6M62.6M57M47.5M54.6M37.5M
Net Invested Capital3.7B3.7B3.8B3.7B4.0B3.1B
Net Working Capital1.3B1.3B1.3B1.3B1.5B1.5B

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