Plata Accounts Payable vs Total Current Assets Analysis

PLA Stock  CAD 0.01  0.00  0.00%   
Plata Latina financial indicator trend analysis is much more than just breaking down Plata Latina Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Plata Latina Minerals is a good investment. Please check the relationship between Plata Latina Accounts Payable and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plata Latina Minerals. 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 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 Plata Latina Minerals Accounts Payable account and Total Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Plata Latina's Accounts Payable and Total Current Assets is -0.05. 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 Plata Latina Minerals, assuming nothing else is changed. The correlation between historical values of Plata Latina's 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 Plata Latina Minerals 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., Plata Latina's Accounts Payable and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.05
Relationship DirectionNegative 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents Plata Latina 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 Plata Latina Minerals 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 Plata Latina's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Plata Latina Minerals 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plata Latina Minerals. 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.
Selling General Administrative is likely to drop to about 157.2 K in 2024. Tax Provision is likely to drop to about (156.2 K) in 2024
 2023 2024 (projected)
Research Development5.8K5.1K
Interest Income674.1640.4

Plata Latina fundamental ratios Correlations

-0.760.221.00.941.00.980.360.530.830.980.940.790.89-0.780.99-0.92-0.920.930.38-0.830.87-0.880.380.380.38
-0.76-0.21-0.77-0.55-0.77-0.79-0.35-0.67-0.66-0.7-0.68-0.53-0.750.81-0.730.760.76-0.81-0.40.73-0.740.75-0.4-0.4-0.4
0.22-0.210.130.210.130.110.92-0.52-0.290.09-0.050.74-0.2-0.10.3-0.2-0.20.460.25-0.490.53-0.530.250.250.25
1.0-0.770.130.921.00.990.280.60.880.990.960.730.93-0.80.98-0.92-0.920.910.36-0.80.85-0.850.360.360.36
0.94-0.550.210.920.920.880.390.330.690.950.930.810.78-0.60.95-0.85-0.850.790.31-0.690.72-0.730.310.310.31
1.0-0.770.131.00.920.990.280.60.880.990.960.730.93-0.80.98-0.92-0.920.910.36-0.80.85-0.850.360.360.36
0.98-0.790.110.990.880.990.240.640.890.970.940.690.94-0.780.96-0.88-0.880.910.3-0.780.85-0.860.30.30.3
0.36-0.350.920.280.390.280.24-0.43-0.170.260.140.8-0.05-0.180.43-0.36-0.360.520.29-0.530.53-0.560.290.290.29
0.53-0.67-0.520.60.330.60.64-0.430.830.550.63-0.050.83-0.680.44-0.51-0.510.410.19-0.350.34-0.340.190.190.19
0.83-0.66-0.290.880.690.880.89-0.170.830.870.850.340.97-0.770.77-0.77-0.770.710.27-0.620.64-0.650.270.270.27
0.98-0.70.090.990.950.990.970.260.550.870.970.720.92-0.740.97-0.9-0.90.870.33-0.750.79-0.80.330.330.33
0.94-0.68-0.050.960.930.960.940.140.630.850.970.610.94-0.720.92-0.87-0.870.760.25-0.650.67-0.680.250.250.25
0.79-0.530.740.730.810.730.690.8-0.050.340.720.610.43-0.510.85-0.72-0.720.850.37-0.80.85-0.850.370.370.37
0.89-0.75-0.20.930.780.930.94-0.050.830.970.920.940.43-0.790.84-0.83-0.830.750.22-0.640.66-0.670.220.220.22
-0.780.81-0.1-0.8-0.6-0.8-0.78-0.18-0.68-0.77-0.74-0.72-0.51-0.79-0.740.90.9-0.78-0.620.89-0.780.78-0.62-0.62-0.62
0.99-0.730.30.980.950.980.960.430.440.770.970.920.850.84-0.74-0.91-0.910.930.37-0.830.88-0.880.370.370.37
-0.920.76-0.2-0.92-0.85-0.92-0.88-0.36-0.51-0.77-0.9-0.87-0.72-0.830.9-0.911.0-0.87-0.480.89-0.820.82-0.48-0.48-0.48
-0.920.76-0.2-0.92-0.85-0.92-0.88-0.36-0.51-0.77-0.9-0.87-0.72-0.830.9-0.911.0-0.87-0.480.89-0.820.82-0.48-0.48-0.48
0.93-0.810.460.910.790.910.910.520.410.710.870.760.850.75-0.780.93-0.87-0.870.43-0.920.97-0.980.430.430.43
0.38-0.40.250.360.310.360.30.290.190.270.330.250.370.22-0.620.37-0.48-0.480.43-0.620.48-0.471.01.01.0
-0.830.73-0.49-0.8-0.69-0.8-0.78-0.53-0.35-0.62-0.75-0.65-0.8-0.640.89-0.830.890.89-0.92-0.62-0.930.94-0.62-0.62-0.62
0.87-0.740.530.850.720.850.850.530.340.640.790.670.850.66-0.780.88-0.82-0.820.970.48-0.93-0.990.480.480.48
-0.880.75-0.53-0.85-0.73-0.85-0.86-0.56-0.34-0.65-0.8-0.68-0.85-0.670.78-0.880.820.82-0.98-0.470.94-0.99-0.47-0.47-0.47
0.38-0.40.250.360.310.360.30.290.190.270.330.250.370.22-0.620.37-0.48-0.480.431.0-0.620.48-0.471.01.0
0.38-0.40.250.360.310.360.30.290.190.270.330.250.370.22-0.620.37-0.48-0.480.431.0-0.620.48-0.471.01.0
0.38-0.40.250.360.310.360.30.290.190.270.330.250.370.22-0.620.37-0.48-0.480.431.0-0.620.48-0.471.01.0
Click cells to compare fundamentals

Plata Latina Account Relationship Matchups

Plata Latina fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets754.4K440.0K378.5K353.9K318.5K302.6K
Total Current Liabilities88.9K23.2K18.6K20.0K18.0K17.1K
Total Stockholder Equity665.6K416.8K360.0K333.8K300.4K285.4K
Net Tangible Assets665.6K416.8K360.0K333.8K300.4K285.4K
Retained Earnings(11.5M)(11.7M)(11.8M)(11.9M)(10.7M)(11.2M)
Accounts Payable64.9K3.2K18.6K1.0K935.1888.35
Cash197.6K427.4K367K348.8K313.9K251.5K
Net Receivables23.5K12.3K4.2K5.1K4.5K4.3K
Other Stockholder Equity658.2K666.3K663.4K693.9K624.5K757.9K
Total Liab88.9K23.2K18.6K20.0K18.0K17.1K
Total Current Assets225.3K440.0K378.5K353.9K318.5K529.3K
Net Invested Capital665.6K416.8K360.0K333.8K300.4K285.4K
Net Working Capital136.5K416.8K360.0K333.8K383.9K403.1K

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When running Plata Latina's price analysis, check to measure Plata Latina'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 Plata Latina is operating at the current time. Most of Plata Latina's value examination focuses on studying past and present price action to predict the probability of Plata Latina's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plata Latina's price. Additionally, you may evaluate how the addition of Plata Latina to your portfolios can decrease your overall portfolio volatility.