Chardan Cash vs Accounts Payable Analysis
| DFLIW Stock | USD 0.01 0.0006 4.51% |
Chardan NexTech financial indicator trend analysis is way more than just evaluating Chardan NexTech Acqu prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chardan NexTech Acqu is a good investment. Please check the relationship between Chardan NexTech Cash and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. 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.
Cash vs Accounts Payable
Cash vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chardan NexTech Acqu Cash account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Chardan NexTech's Cash and Accounts Payable is 0.92. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Chardan NexTech Acquisition, assuming nothing else is changed. The correlation between historical values of Chardan NexTech's Cash 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 Cash of Chardan NexTech Acquisition 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 Cash i.e., Chardan NexTech's Cash and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Chardan NexTech Acqu, which is listed under current asset account on Chardan NexTech Acquisition balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Chardan NexTech customers. The amounts must be unrestricted with restricted cash listed in a different Chardan NexTech account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Accounts Payable
An accounting item on the balance sheet that represents Chardan NexTech 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 Chardan NexTech Acqu 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 Chardan NexTech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chardan NexTech Acqu 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Chardan NexTech Acquisition. 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. Sales General And Administrative To Revenue is likely to climb to 0.43 in 2024, whereas Tax Provision is likely to drop slightly above 755.8 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 29.6M | 24.0M | 15.4M | 17.9M | Total Revenue | 78M | 86.3M | 64.4M | 75.9M |
Chardan NexTech fundamental ratios Correlations
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Chardan NexTech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Chardan NexTech's price analysis, check to measure Chardan NexTech'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 Chardan NexTech is operating at the current time. Most of Chardan NexTech's value examination focuses on studying past and present price action to predict the probability of Chardan NexTech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chardan NexTech's price. Additionally, you may evaluate how the addition of Chardan NexTech to your portfolios can decrease your overall portfolio volatility.