Chesswood Good Will vs Accounts Payable Analysis

CHW Stock

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Chesswood Group financial indicator trend analysis is way more than just evaluating Chesswood Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chesswood Group is a good investment. Please check the relationship between Chesswood Group Good Will and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chesswood Group 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 board of governors.

Good Will vs Accounts Payable

Good Will vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chesswood Group Good Will account and Accounts Payable. At this time, the significance of the direction appears to have no relationship.

The correlation between Chesswood Group's Good Will and Accounts Payable is 0.09. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Chesswood Group Limited, assuming nothing else is changed. The correlation between historical values of Chesswood Group's Good Will 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 Good Will of Chesswood Group Limited 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 Good Will i.e., Chesswood Group's Good Will and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.09

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Accounts Payable

An accounting item on the balance sheet that represents Chesswood Group 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 Chesswood Group 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 Chesswood Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chesswood Group 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 Chesswood Group 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 board of governors.

At this time, Chesswood Group's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Multiple is likely to grow to 45.86, while Selling General Administrative is likely to drop about 27.3 M.

	2021	2022	2023	2024 (projected)
Interest Expense	31.7M	73.4M	123.9M	130.1M
Depreciation And Amortization	96.7M	230.7M	4.5M	4.3M

Interest Expense Depreciation And Amortization

Chesswood Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity
Total Assets		0.94	-0.97	0.97	0.75	0.9	1.0	0.51	0.7	0.09	0.6	0.57	0.09	0.87	0.56	0.72	0.77	0.97	-0.57	0.22	1.0	0.75	0.41	1.0	0.66	0.62
Short Long Term Debt Total	0.94		-0.9	0.92	0.81	0.88	0.93	0.69	0.43	0.06	0.32	0.27	0.06	0.65	0.64	0.76	0.87	0.85	-0.29	0.26	0.93	0.84	0.59	0.92	0.73	0.62
Other Current Liab	-0.97	-0.9		-0.92	-0.66	-0.92	-0.98	-0.44	-0.68	-0.04	-0.53	-0.5	-0.04	-0.83	-0.44	-0.63	-0.79	-0.91	0.51	-0.25	-0.97	-0.79	-0.48	-0.97	-0.52	-0.53
Total Current Liabilities	0.97	0.92	-0.92		0.7	0.91	0.97	0.45	0.71	0.14	0.63	0.59	0.14	0.86	0.51	0.67	0.68	0.96	-0.62	0.21	0.98	0.76	0.27	0.96	0.62	0.59
Total Stockholder Equity	0.75	0.81	-0.66	0.7		0.59	0.72	0.8	0.24	0.04	0.24	0.18	0.04	0.5	0.89	0.98	0.71	0.74	-0.17	0.07	0.73	0.66	0.58	0.75	0.93	0.9
Property Plant And Equipment Net	0.9	0.88	-0.92	0.91	0.59		0.91	0.38	0.62	0.05	0.48	0.46	0.05	0.75	0.44	0.55	0.68	0.82	-0.48	0.12	0.9	0.86	0.37	0.9	0.46	0.5
Net Debt	1.0	0.93	-0.98	0.97	0.72	0.91		0.48	0.72	0.08	0.61	0.58	0.08	0.87	0.53	0.69	0.77	0.97	-0.58	0.23	1.0	0.76	0.4	1.0	0.62	0.59
Retained Earnings	0.51	0.69	-0.44	0.45	0.8	0.38	0.48		-0.15	0.02	-0.15	-0.19	0.02	0.14	0.73	0.78	0.73	0.43	0.21	0.18	0.49	0.5	0.72	0.5	0.77	0.5
Accounts Payable	0.7	0.43	-0.68	0.71	0.24	0.62	0.72	-0.15		0.12	0.96	0.96	0.12	0.95	0.09	0.25	0.19	0.79	-0.96	0.07	0.71	0.31	-0.25	0.71	0.17	0.32
Cash	0.09	0.06	-0.04	0.14	0.04	0.05	0.08	0.02	0.12		0.13	0.14	1.0	0.14	-0.12	0.05	-0.01	0.1	-0.22	-0.01	0.09	0.08	-0.1	0.05	0.04	-0.08
Non Current Assets Total	0.6	0.32	-0.53	0.63	0.24	0.48	0.61	-0.15	0.96	0.13		0.99	0.13	0.9	0.12	0.26	0.04	0.74	-0.99	0.01	0.61	0.15	-0.42	0.61	0.2	0.35
Non Currrent Assets Other	0.57	0.27	-0.5	0.59	0.18	0.46	0.58	-0.19	0.96	0.14	0.99		0.14	0.89	0.05	0.21	0.01	0.7	-0.99	-0.03	0.58	0.13	-0.44	0.58	0.12	0.29
Cash And Short Term Investments	0.09	0.06	-0.04	0.14	0.04	0.05	0.08	0.02	0.12	1.0	0.13	0.14		0.14	-0.12	0.05	-0.01	0.1	-0.22	-0.01	0.09	0.08	-0.1	0.05	0.04	-0.08
Net Receivables	0.87	0.65	-0.83	0.86	0.5	0.75	0.87	0.14	0.95	0.14	0.9	0.89	0.14		0.32	0.51	0.41	0.93	-0.89	0.09	0.87	0.47	-0.01	0.88	0.4	0.5
Good Will	0.56	0.64	-0.44	0.51	0.89	0.44	0.53	0.73	0.09	-0.12	0.12	0.05	-0.12	0.32		0.85	0.57	0.57	-0.02	-0.07	0.54	0.5	0.53	0.56	0.95	0.86
Common Stock Shares Outstanding	0.72	0.76	-0.63	0.67	0.98	0.55	0.69	0.78	0.25	0.05	0.26	0.21	0.05	0.51	0.85		0.63	0.72	-0.2	0.06	0.69	0.6	0.54	0.72	0.88	0.9
Non Current Liabilities Total	0.77	0.87	-0.79	0.68	0.71	0.68	0.77	0.73	0.19	-0.01	0.04	0.01	-0.01	0.41	0.57	0.63		0.64	-0.01	0.35	0.77	0.77	0.79	0.76	0.67	0.43
Inventory	0.97	0.85	-0.91	0.96	0.74	0.82	0.97	0.43	0.79	0.1	0.74	0.7	0.1	0.93	0.57	0.72	0.64		-0.7	0.16	0.97	0.63	0.25	0.97	0.66	0.68
Other Current Assets	-0.57	-0.29	0.51	-0.62	-0.17	-0.48	-0.58	0.21	-0.96	-0.22	-0.99	-0.99	-0.22	-0.89	-0.02	-0.2	-0.01	-0.7		-0.01	-0.58	-0.17	0.46	-0.58	-0.11	-0.27
Other Stockholder Equity	0.22	0.26	-0.25	0.21	0.07	0.12	0.23	0.18	0.07	-0.01	0.01	-0.03	-0.01	0.09	-0.07	0.06	0.35	0.16	-0.01		0.23	0.23	0.13	0.2	0.11	-0.12
Total Liab	1.0	0.93	-0.97	0.98	0.73	0.9	1.0	0.49	0.71	0.09	0.61	0.58	0.09	0.87	0.54	0.69	0.77	0.97	-0.58	0.23		0.75	0.4	1.0	0.63	0.6
Property Plant And Equipment Gross	0.75	0.84	-0.79	0.76	0.66	0.86	0.76	0.5	0.31	0.08	0.15	0.13	0.08	0.47	0.5	0.6	0.77	0.63	-0.17	0.23	0.75		0.54	0.74	0.57	0.51
Total Current Assets	0.41	0.59	-0.48	0.27	0.58	0.37	0.4	0.72	-0.25	-0.1	-0.42	-0.44	-0.1	-0.01	0.53	0.54	0.79	0.25	0.46	0.13	0.4	0.54		0.41	0.51	0.36
Short Term Debt	1.0	0.92	-0.97	0.96	0.75	0.9	1.0	0.5	0.71	0.05	0.61	0.58	0.05	0.88	0.56	0.72	0.76	0.97	-0.58	0.2	1.0	0.74	0.41		0.64	0.64
Intangible Assets	0.66	0.73	-0.52	0.62	0.93	0.46	0.62	0.77	0.17	0.04	0.2	0.12	0.04	0.4	0.95	0.88	0.67	0.66	-0.11	0.11	0.63	0.57	0.51	0.64		0.82
Common Stock Total Equity	0.62	0.62	-0.53	0.59	0.9	0.5	0.59	0.5	0.32	-0.08	0.35	0.29	-0.08	0.5	0.86	0.9	0.43	0.68	-0.27	-0.12	0.6	0.51	0.36	0.64	0.82

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Chesswood Group Account Relationship Matchups

Chesswood Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	926.9M	827.4M	1.6B	2.5B	2.2B	2.3B
Short Long Term Debt Total	1.3B	1.2B	2.3B	3.8B	2.0B	2.1B
Other Current Liab	(577.4M)	(537.2M)	(982.6M)	(1.6B)	(1.4B)	(1.4B)
Total Current Liabilities	577.4M	537.2M	982.6M	1.6B	1.4B	1.5B
Total Stockholder Equity	143.6M	129.0M	173.3M	211.7M	174.2M	119.0M
Property Plant And Equipment Net	4.5M	3.4M	4.4M	6.8M	5.6M	5.9M
Net Debt	706.9M	631.5M	1.3B	2.2B	1.9B	2.0B
Retained Earnings	20.1M	7.4M	28.8M	46.3M	8.4M	7.8M
Accounts Payable	2.1M	1.6M	5.2M	4.5M	41.9M	43.9M
Cash	11.0M	9.7M	12.4M	8.1M	13.0M	10.4M
Non Current Assets Total	61.9M	38.3M	74.5M	82.3M	2.2B	2.3B
Non Currrent Assets Other	(61.9M)	(38.3M)	(74.5M)	(82.3M)	2.1B	2.2B
Cash And Short Term Investments	11.0M	9.7M	12.4M	8.1M	13.0M	10.4M
Net Receivables	438.8M	337.3M	612.1M	902.3M	2.0B	2.1B
Good Will	40.3M	23.9M	43.1M	48.1M	33.5M	31.5M
Common Stock Shares Outstanding	16.5M	16.3M	18.1M	19.4M	18.0M	15.1M
Liabilities And Stockholders Equity	926.9M	827.4M	1.6B	2.5B	2.2B	2.3B
Non Current Liabilities Total	166.6M	126.9M	982.6M	1.6B	614.6M	308.8M
Other Current Assets	23.3M	37.1M	73.0M	95.4M	(2.1B)	(2.0B)
Other Stockholder Equity	5.5M	5.6M	23.9M	18.4M	13.8M	9.5M
Total Liab	770.2M	686.6M	1.4B	2.3B	2.0B	2.1B
Property Plant And Equipment Gross	4.5M	3.4M	7.2M	6.8M	5.6M	2.9M
Total Current Assets	449.8M	347.0M	624.5M	910.4M	13.0M	12.4M
Accumulated Other Comprehensive Income	14.0M	11.7M	11.0M	21.4M	18.7M	19.6M
Short Term Debt	575.3M	535.6M	977.4M	1.6B	1.4B	1.5B
Intangible Assets	17.1M	10.9M	26.9M	27.5M	20.1M	16.3M
Common Stock Total Equity	105.2M	103.6M	104.0M	104.2M	119.9M	91.8M
Common Stock	104.0M	104.2M	109.7M	125.7M	133.5M	101.1M
Other Liab	31.3M	24.7M	29.6M	28.2M	25.4M	25.6M
Net Tangible Assets	86.1M	94.2M	103.2M	136.1M	156.5M	92.0M
Other Assets	415.3M	442.2M	905.9M	1.5B	1.8B	1.9B
Long Term Debt	714.7M	639.0M	1.3B	2.2B	2.6B	2.7B
Short Long Term Debt	575.3M	535.6M	977.4M	1.6B	1.4B	1.5B
Property Plant Equipment	4.5M	3.4M	4.4M	6.8M	7.8M	8.2M
Long Term Debt Total	717.9M	641.1M	1.3B	2.2B	2.6B	2.7B
Net Invested Capital	718.9M	664.6M	1.2B	1.8B	1.6B	1.1B

Pair Trading with Chesswood Group

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chesswood Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chesswood Group will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Chesswood Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chesswood Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chesswood Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chesswood Group Limited to buy it.

The correlation of Chesswood Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chesswood Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chesswood Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Chesswood Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Chesswood Stock

Balance Sheet is a snapshot of the financial position of Chesswood Group at a specified time, usually calculated after every quarter, six months, or one year. Chesswood Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chesswood Group 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 Chesswood currently owns. An asset can also be divided into two categories, current and non-current.

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Chesswood Good Will vs Accounts Payable Analysis

Good Will vs Accounts Payable

Good Will vs Accounts Payable Correlation Analysis

Correlation Coefficient

Good Will

Accounts Payable

Chesswood Group fundamental ratios Correlations

Chesswood Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chesswood Group fundamental ratios Accounts

Pair Trading with Chesswood Group

Other Information on Investing in Chesswood Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Total Assets
Total Liab	+ 1.0	Net Debt
Short Term Debt	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash

Other Current Assets	- 0.99	Non Currrent Assets Other
Other Current Assets	- 0.99	Non Current Assets Total
Net Debt	- 0.98	Other Current Liab
Short Term Debt	- 0.97	Other Current Liab
Total Liab	- 0.97	Other Current Liab
Other Current Liab	- 0.97	Total Assets