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 Current 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 Current Assets
Accounts Payable vs Total Current 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 Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Fino Payments' Accounts Payable and Total Current Assets is -0.39. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current 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 Current 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 Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., Fino Payments' Accounts Payable and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.39 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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 Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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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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.