Environmental Inventory vs Accounts Payable Analysis

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Environmental Clean financial indicator trend analysis is much more than just examining Environmental Clean latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Environmental Clean is a good investment. Please check the relationship between Environmental Clean Inventory and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Environmental Clean Technologies. 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.

Inventory vs Accounts Payable

Inventory vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Environmental Clean Inventory account and Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between Environmental Clean's Inventory and Accounts Payable is 0.32. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Environmental Clean Technologies, assuming nothing else is changed. The correlation between historical values of Environmental Clean's Inventory 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 Inventory of Environmental Clean Technologies 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 Inventory i.e., Environmental Clean's Inventory and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Inventory

Accounts Payable

An accounting item on the balance sheet that represents Environmental Clean 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 Environmental Clean 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 Environmental Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Environmental Clean 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 Environmental Clean Technologies. 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.
Issuance Of Capital Stock is likely to gain to about 6.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.7 M in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses5.7M5.0M4.4M6.2M
Interest Expense311.8K96.2K83.8K79.6K

Environmental Clean fundamental ratios Correlations

-0.10.340.590.920.46-0.11-0.190.440.080.290.86-0.560.29-0.05-0.25-0.45-0.15-0.050.150.230.350.20.190.3-0.38
-0.1-0.430.01-0.30.07-0.01-0.17-0.30.510.51-0.340.00.510.30.270.190.350.460.23-0.420.450.120.450.480.27
0.34-0.430.540.25-0.08-0.490.30.49-0.41-0.360.47-0.39-0.36-0.21-0.11-0.47-0.4-0.6-0.220.470.27-0.45-0.29-0.06-0.52
0.590.010.540.280.28-0.320.410.290.280.010.51-0.40.010.17-0.14-0.320.06-0.23-0.220.270.810.080.10.31-0.3
0.92-0.30.250.280.36-0.11-0.280.51-0.10.170.88-0.50.17-0.25-0.3-0.48-0.32-0.150.220.28-0.050.120.010.25-0.43
0.460.07-0.080.280.360.2-0.060.130.420.280.270.350.280.53-0.73-0.250.230.37-0.110.350.320.790.34-0.08-0.16
-0.11-0.01-0.49-0.32-0.110.2-0.59-0.520.230.49-0.430.410.490.490.040.530.560.610.16-0.36-0.040.490.61-0.590.52
-0.19-0.170.30.41-0.28-0.06-0.590.420.22-0.760.150.07-0.76-0.3-0.32-0.41-0.02-0.47-0.110.50.17-0.21-0.650.17-0.46
0.44-0.30.490.290.510.13-0.520.420.08-0.470.75-0.27-0.47-0.5-0.57-0.98-0.39-0.50.40.81-0.1-0.39-0.650.31-0.99
0.080.51-0.410.28-0.10.420.230.220.080.11-0.010.220.110.37-0.32-0.150.730.380.320.120.440.430.170.29-0.1
0.290.51-0.360.010.170.280.49-0.76-0.470.11-0.16-0.081.00.50.260.380.130.610.09-0.550.340.380.850.080.47
0.86-0.340.470.510.880.27-0.430.150.75-0.01-0.16-0.62-0.16-0.38-0.35-0.72-0.33-0.330.20.490.1-0.1-0.340.38-0.7
-0.560.0-0.39-0.4-0.50.350.410.07-0.270.22-0.08-0.62-0.080.37-0.490.220.250.16-0.150.15-0.240.480.16-0.470.21
0.290.51-0.360.010.170.280.49-0.76-0.470.111.0-0.16-0.080.50.260.380.130.610.09-0.550.340.380.850.080.47
-0.050.3-0.210.17-0.250.530.49-0.3-0.50.370.5-0.380.370.5-0.050.390.570.61-0.49-0.180.460.660.64-0.190.45
-0.250.27-0.11-0.14-0.3-0.730.04-0.32-0.57-0.320.26-0.35-0.490.26-0.050.630.060.17-0.1-0.790.08-0.390.20.10.61
-0.450.19-0.47-0.32-0.48-0.250.53-0.41-0.98-0.150.38-0.720.220.380.390.630.360.41-0.38-0.830.00.310.57-0.330.99
-0.150.35-0.40.06-0.320.230.56-0.02-0.390.730.13-0.330.250.130.570.060.360.60.07-0.270.370.520.35-0.140.37
-0.050.46-0.6-0.23-0.150.370.61-0.47-0.50.380.61-0.330.160.610.610.170.410.60.12-0.470.230.530.53-0.20.49
0.150.23-0.22-0.220.22-0.110.16-0.110.40.320.090.2-0.150.09-0.49-0.1-0.380.070.120.05-0.13-0.28-0.120.13-0.37
0.23-0.420.470.270.280.35-0.360.50.810.12-0.550.490.15-0.55-0.18-0.79-0.83-0.27-0.470.05-0.07-0.13-0.52-0.06-0.85
0.350.450.270.81-0.050.32-0.040.17-0.10.440.340.1-0.240.340.460.080.00.370.23-0.13-0.070.20.460.180.05
0.20.12-0.450.080.120.790.49-0.21-0.390.430.38-0.10.480.380.66-0.390.310.520.53-0.28-0.130.20.56-0.160.39
0.190.45-0.290.10.010.340.61-0.65-0.650.170.85-0.340.160.850.640.20.570.350.53-0.12-0.520.460.56-0.170.64
0.30.48-0.060.310.25-0.08-0.590.170.310.290.080.38-0.470.08-0.190.1-0.33-0.14-0.20.13-0.060.18-0.16-0.17-0.27
-0.380.27-0.52-0.3-0.43-0.160.52-0.46-0.99-0.10.47-0.70.210.470.450.610.990.370.49-0.37-0.850.050.390.64-0.27
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Environmental Clean Account Relationship Matchups

Environmental Clean fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.2M6.9M12.0M8.2M6.0M8.2M
Short Long Term Debt Total2.2M3.8M4.2M4.0M1.3M1.7M
Other Current Liab40.6K222.8K85.0K141.1K260.1K247.1K
Total Current Liabilities277.6K3.2M2.8M2.8M1.7M2.6M
Total Stockholder Equity880.9K1.3M7.1M3.4M3.4M4.8M
Property Plant And Equipment Net1.1M3.2M5.1M5.0M3.5M3.7M
Current Deferred Revenue40.4K218.9K62.0K(2.1M)(260.1K)(273.1K)
Net Debt(236.6K)966.3K(1.9M)1.1M510.9K536.4K
Retained Earnings(78.2M)(79.9M)(85.1M)(87.8M)(91.5M)(86.9M)
Accounts Payable85.2K1.5M626.0K571.3K398.4K378.5K
Cash1.1M1.0M4.4M1.3M762.2K724.1K
Non Current Assets Total1.1M3.4M5.3M5.2M3.6M4.4M
Non Currrent Assets Other(238.5K)(254.2K)(3.4M)(5.3M)(5.2M)0.0
Cash And Short Term Investments1.1M1.0M4.4M1.3M762.2K724.1K
Net Receivables966.7K2.3M2.2M1.7M1.5M1.3M
Common Stock Shares Outstanding435.9M8.3B1.2B1.6B2.0B2.1B
Liabilities And Stockholders Equity3.2M6.9M12.0M8.2M6.0M8.2M
Non Current Liabilities Total2.0M2.3M2.1M1.9M800.4K922.9K
Other Stockholder Equity(385.2K)(1.2M)(3.9M)(1.2M)(1.0M)(991.3K)
Total Liab2.3M5.5M4.9M4.7M2.5M3.3M
Property Plant And Equipment Gross1.1M9.1M10.0M10.2M11.8M12.4M
Total Current Assets2.1M3.4M6.6M3.0M2.4M3.9M
Accumulated Other Comprehensive Income495.7K118.3K3.2M2.3M2.5M3.7M
Short Term Debt151.8K1.4M2.1M2.1M1.1M1.1M
Common Stock78.6M81.1M88.9M89.0M92.4M97.0M
Other Current Assets58.4K49.1K53.4K56.8K1.6M1.7M
Property Plant Equipment1.1M3.2M5.1M5.0M5.8M6.1M
Long Term Debt1.3M1.8M1.7M1.6M1.9M1.1M
Other Liab1.3M1.8M1.7M1.7M1.9M1.1M
Net Tangible Assets880.9K1.1M6.9M3.3M3.8M4.0M
Short Long Term Debt2.1M28.9K1.3M2.0M2.3M1.6M
Long Term Debt Total2.0M2.3M2.1M1.9M2.2M1.9M
Net Invested Capital936.4K2.6M9.0M5.4M6.2M4.7M
Cash And Equivalents1.1M1.0M4.4M1.3M1.5M1.5M
Net Working Capital1.9M224.8K3.8M189.9K218.4K207.5K
Non Current Liabilities Other1.3M1.8M1.7M1.6M1.9M1.7M

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