Flutter Accounts Payable vs Total Current Liabilities Analysis

FLTR Stock   22,130  340.00  1.56%   
Flutter Entertainment financial indicator trend analysis is much more than just examining Flutter Entertainment PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flutter Entertainment PLC is a good investment. Please check the relationship between Flutter Entertainment Accounts Payable and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flutter Entertainment PLC. 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.

Accounts Payable vs Total Current Liabilities

Accounts Payable vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flutter Entertainment PLC Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Flutter Entertainment's Accounts Payable and Total Current Liabilities is 0.98. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Flutter Entertainment PLC, assuming nothing else is changed. The correlation between historical values of Flutter Entertainment's Accounts Payable and Total Current Liabilities 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 Flutter Entertainment PLC are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Accounts Payable i.e., Flutter Entertainment's Accounts Payable and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Accounts Payable

An accounting item on the balance sheet that represents Flutter Entertainment 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 Flutter Entertainment PLC 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 Liabilities

Total Current Liabilities is an item on Flutter Entertainment balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Flutter Entertainment PLC are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Flutter Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Flutter Entertainment PLC 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 Flutter Entertainment PLC. 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.
Tax Provision is likely to gain to about 126 M in 2024, whereas Selling General Administrative is likely to drop slightly above 798.8 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense222M219M430M451.5M
Depreciation And Amortization1.0B1.1B1.3B1.3B

Flutter Entertainment fundamental ratios Correlations

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0.971.00.990.860.990.471.00.90.980.990.950.650.670.990.97-0.191.00.770.841.00.961.00.60.940.24
0.961.00.990.850.980.410.990.890.970.990.950.660.650.990.97-0.241.00.760.851.00.960.990.570.930.24
0.970.990.990.860.990.430.990.90.980.990.960.670.720.990.97-0.220.990.740.851.00.970.990.650.930.25
0.960.860.850.860.840.640.870.990.760.830.970.750.560.830.94-0.320.870.930.480.860.740.840.580.960.62
0.960.990.980.990.840.460.980.890.980.980.940.630.770.980.96-0.20.980.720.850.990.980.990.690.910.2
0.550.470.410.430.640.460.530.610.430.370.560.190.280.380.490.150.460.720.090.450.360.410.380.620.47
0.971.00.990.990.870.980.530.910.980.970.960.650.670.980.97-0.160.990.790.820.990.950.980.620.950.29
0.980.90.890.90.990.890.610.910.810.880.980.720.630.880.96-0.290.90.910.560.90.810.890.60.960.5
0.910.980.970.980.760.980.430.980.810.970.890.550.70.970.92-0.160.970.650.920.980.970.980.610.870.14
0.950.990.990.990.830.980.370.970.880.970.940.660.671.00.97-0.230.990.740.860.990.971.00.580.910.19
1.00.950.950.960.970.940.560.960.980.890.940.750.640.940.99-0.280.960.880.670.960.870.940.620.980.47
0.740.650.660.670.750.630.190.650.720.550.660.750.320.660.76-0.340.660.690.360.670.510.630.570.760.66
0.650.670.650.720.560.770.280.670.630.70.670.640.320.670.65-0.110.660.320.690.680.780.70.80.52-0.1
0.950.990.990.990.830.980.380.980.880.971.00.940.660.670.97-0.230.990.740.850.990.971.00.580.910.19
1.00.970.970.970.940.960.490.970.960.920.970.990.760.650.97-0.280.980.850.730.980.90.970.610.980.4
-0.28-0.19-0.24-0.22-0.32-0.20.15-0.16-0.29-0.16-0.23-0.28-0.34-0.11-0.23-0.28-0.2-0.13-0.15-0.21-0.14-0.22-0.22-0.23-0.35
0.971.01.00.990.870.980.460.990.90.970.990.960.660.660.990.98-0.20.780.831.00.960.990.590.940.26
0.860.770.760.740.930.720.720.790.910.650.740.880.690.320.740.85-0.130.780.310.770.620.730.40.930.6
0.70.840.850.850.480.850.090.820.560.920.860.670.360.690.850.73-0.150.830.310.840.910.860.510.61-0.17
0.971.01.01.00.860.990.450.990.90.980.990.960.670.680.990.98-0.211.00.770.840.961.00.610.940.26
0.890.960.960.970.740.980.360.950.810.970.970.870.510.780.970.9-0.140.960.620.910.960.980.620.820.0
0.961.00.990.990.840.990.410.980.890.981.00.940.630.71.00.97-0.220.990.730.861.00.980.60.910.19
0.620.60.570.650.580.690.380.620.60.610.580.620.570.80.580.61-0.220.590.40.510.610.620.60.560.25
0.980.940.930.930.960.910.620.950.960.870.910.980.760.520.910.98-0.230.940.930.610.940.820.910.560.53
0.440.240.240.250.620.20.470.290.50.140.190.470.66-0.10.190.4-0.350.260.6-0.170.260.00.190.250.53
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Flutter Entertainment Account Relationship Matchups

Flutter Entertainment fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.4B23.2B22.7B24.8B24.6B25.9B
Short Long Term Debt Total541.2M4.5B5.2B7.2B7.5B7.9B
Other Current Liab7.4M2.4B2.6B3.5B4.0B4.2B
Total Current Liabilities885.5M2.7B2.8B4.0B4.5B4.8B
Total Stockholder Equity4.0B15.0B13.9B12.3B10.0B10.5B
Property Plant And Equipment Net298.2M494.7M610.2M849.2M900M945M
Current Deferred Revenue559.4M879.5M974.6M1.7B73.7M70.1M
Net Debt433.1M2.9B3.0B4.7B4.3B4.5B
Retained Earnings3.5B11.5B13.3B11.3B10.1B10.6B
Accounts Payable25.3M108.6M100.1M248M240M252M
Cash108.1M1.6B2.2B2.5B3.2B3.4B
Non Current Assets Total5.0B21.2B20.0B21.3B20.7B21.7B
Non Currrent Assets Other47.8M168.0M83.5M1.6M100M105M
Cash And Short Term Investments108.1M1.7B2.3B2.7B3.4B3.6B
Common Stock Total Equity423M424.8M428.3M2.5B2.9B3.0B
Liabilities And Stockholders Equity5.4B23.2B22.7B24.8B24.6B25.9B
Non Current Liabilities Total326.1M5.5B6.0B8.3B8.7B9.2B
Other Current Assets400K1.1B1.3B835.0M465M488.3M
Other Stockholder Equity(46.8M)(63.6M)(80.3M)974.2M1.4B1.5B
Total Liab1.2B8.2B8.8B12.3B13.3B13.9B
Property Plant And Equipment Gross298.2M361.9M1.0B1.4B1.7B1.8B
Total Current Assets361.8M2.0B2.7B3.5B4.0B4.2B
Accumulated Other Comprehensive Income63.7M194.1M(52.7M)424.4M(1.5B)(1.4B)
Short Term Debt293.4M135.1M93.3M153M174M182.7M
Intangible Assets558.5M7.5B6.6B7.0B5.9B6.2B
Common Stock428.3M3.4B645.6M586.1M36M34.2M
Good Will4.1B13.0B12.6B13.1B13.7B14.4B
Net Receivables18.8M11.9M168.4M220.6M90M55.6M
Other Liab78.3M679M591.3M893.9M1.0B1.1B
Net Tangible Assets(636.6M)(3.9B)(4.0B)(6.3B)(5.6B)(5.4B)
Long Term Debt115.7M3.1B3.5B5.5B7.0B7.4B
Short Long Term Debt255M50.8M22.1M35.6M51M50.8M
Property Plant Equipment298.2M361.9M451.4M702.2M807.5M847.9M
Deferred Long Term Liab57.5M173.7M3.7M273.4M314.4M330.1M
Non Current Liabilities Other11M12.8M16.9M17.8M580M609M

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