| FINOPB Stock | | | 370.30 9.40 2.60% |
Fino Payments financial indicator trend analysis is much more than just examining Fino Payments Bank latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fino Payments Bank is a good investment. Please check the relationship between Fino Payments Accounts Payable and its Total Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fino Payments Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
Accounts Payable vs Total Assets
Accounts Payable vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Fino Payments Bank Accounts Payable account and
Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Fino Payments' Accounts Payable and Total Assets is -0.65. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Assets in the same time period over historical financial statements of Fino Payments Bank, assuming nothing else is changed. The correlation between historical values of Fino Payments' Accounts Payable and Total Assets 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 Fino Payments Bank are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Accounts Payable i.e., Fino Payments' Accounts Payable and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.65 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Fino Payments 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 Fino Payments Bank 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.
Total Assets
Total assets refers to the total amount of Fino Payments assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Fino Payments Bank books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Fino Payments' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fino Payments Bank 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 Fino Payments Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
The current year's
Tax Provision is expected to grow to about 840
K, whereas
Selling General Administrative is forecasted to decline to about 369.1
M.
Fino Payments fundamental ratios Correlations
Click cells to compare fundamentals
Fino Payments Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fino Payments fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Fino Stock
Balance Sheet is a snapshot of the
financial position of Fino Payments Bank at a specified time, usually calculated after every quarter, six months, or one year. Fino Payments Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Fino Payments 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 Fino currently owns. An asset can also be divided into two categories, current and non-current.