Signature Short Term Investments vs Accounts Payable Analysis

SGU Stock  CAD 0.03  0.01  14.29%   
Signature Resources financial indicator trend analysis is much more than just breaking down Signature Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Signature Resources is a good investment. Please check the relationship between Signature Resources Short Term Investments and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Signature Resources. 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.

Short Term Investments vs Accounts Payable

Short Term Investments vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Signature Resources Short Term Investments account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Signature Resources' Short Term Investments and Accounts Payable is 0.65. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Signature Resources, assuming nothing else is changed. The correlation between historical values of Signature Resources' Short Term Investments 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 Short Term Investments of Signature Resources 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 Short Term Investments i.e., Signature Resources' Short Term Investments and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Term Investments

Short Term Investments is an item under the current assets section of Signature Resources balance sheet. It contains any investments Signature Resources undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Signature Resources can easily liquidate in the marketplace.

Accounts Payable

An accounting item on the balance sheet that represents Signature Resources 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 Signature Resources 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 Signature Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Signature Resources 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Signature Resources. 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.
At this time, Signature Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 3.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 888.2 K in 2024.

Signature Resources fundamental ratios Correlations

0.470.991.0-0.270.260.291.00.910.890.010.430.90.210.41-0.050.790.080.460.520.050.050.350.140.940.62
0.470.330.49-0.15-0.230.280.490.140.220.260.910.180.560.710.190.380.230.310.70.220.320.40.410.2-0.18
0.990.330.98-0.280.380.290.980.930.89-0.110.280.90.130.28-0.150.8-0.030.50.43-0.06-0.080.360.010.980.67
1.00.490.98-0.270.270.311.00.890.88-0.010.450.880.210.41-0.060.80.070.480.530.030.030.370.130.930.6
-0.27-0.15-0.28-0.27-0.19-0.95-0.27-0.2-0.130.17-0.02-0.18-0.08-0.250.01-0.520.26-0.71-0.270.250.11-0.710.09-0.21-0.01
0.26-0.230.380.27-0.190.160.270.210.09-0.88-0.530.1-0.13-0.58-0.790.36-0.890.62-0.23-0.9-0.930.45-0.840.520.28
0.290.280.290.31-0.950.160.310.170.08-0.140.110.160.140.340.060.61-0.230.770.42-0.22-0.060.82-0.020.2-0.15
1.00.490.981.0-0.270.270.310.890.88-0.010.450.880.210.41-0.060.80.070.480.530.030.030.370.130.930.6
0.910.140.930.89-0.20.210.170.890.950.110.20.990.170.310.020.640.170.260.30.140.090.110.160.890.78
0.890.220.890.88-0.130.090.080.880.950.190.310.950.080.350.010.630.280.160.370.240.190.020.220.860.77
0.010.26-0.11-0.010.17-0.88-0.14-0.010.110.190.550.220.310.630.82-0.20.94-0.60.290.940.93-0.480.79-0.21-0.01
0.430.910.280.45-0.02-0.530.110.450.20.310.550.260.50.850.440.230.550.00.630.540.610.10.650.13-0.06
0.90.180.90.88-0.180.10.160.880.990.950.220.260.180.350.120.610.290.190.350.260.220.060.280.850.75
0.210.560.130.21-0.08-0.130.140.210.170.080.310.50.180.560.170.050.130.070.230.130.160.110.20.04-0.07
0.410.710.280.41-0.25-0.580.340.410.310.350.630.850.350.560.520.380.570.080.660.560.660.20.650.12-0.1
-0.050.19-0.15-0.060.01-0.790.06-0.060.020.010.820.440.120.170.52-0.170.84-0.450.10.860.88-0.320.8-0.27-0.04
0.790.380.80.8-0.520.360.610.80.640.63-0.20.230.610.050.38-0.17-0.180.770.65-0.21-0.120.73-0.080.770.23
0.080.23-0.030.070.26-0.89-0.230.070.170.280.940.550.290.130.570.84-0.18-0.640.261.00.97-0.550.89-0.150.09
0.460.310.50.48-0.710.620.770.480.260.16-0.60.00.190.070.08-0.450.77-0.640.42-0.65-0.520.97-0.380.47-0.07
0.520.70.430.53-0.27-0.230.420.530.30.370.290.630.350.230.660.10.650.260.420.230.360.520.360.31-0.26
0.050.22-0.060.030.25-0.9-0.220.030.140.240.940.540.260.130.560.86-0.211.0-0.650.230.98-0.550.89-0.180.07
0.050.32-0.080.030.11-0.93-0.060.030.090.190.930.610.220.160.660.88-0.120.97-0.520.360.98-0.380.93-0.22-0.06
0.350.40.360.37-0.710.450.820.370.110.02-0.480.10.060.110.2-0.320.73-0.550.970.52-0.55-0.38-0.270.31-0.29
0.140.410.010.130.09-0.84-0.020.130.160.220.790.650.280.20.650.8-0.080.89-0.380.360.890.93-0.27-0.17-0.04
0.940.20.980.93-0.210.520.20.930.890.86-0.210.130.850.040.12-0.270.77-0.150.470.31-0.18-0.220.31-0.170.72
0.62-0.180.670.6-0.010.28-0.150.60.780.77-0.01-0.060.75-0.07-0.1-0.040.230.09-0.07-0.260.07-0.06-0.29-0.040.72
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Signature Resources Account Relationship Matchups

Signature Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.2M15.9M1.3M955.4K1.1M1.0M
Total Current Liabilities1.6M1.4M1.5M1.1M1.2M1.1M
Total Stockholder Equity5.4M13.6M(942.2K)(955.7K)(1.1M)(1.0M)
Property Plant And Equipment Net6.7M14.1M1.1M766.2K881.2K837.1K
Net Debt(462.2K)(75.3K)(3.2K)(121.2K)(109.1K)(114.5K)
Retained Earnings(4.6M)(6.0M)(23.2M)(24.3M)(21.9M)(20.8M)
Cash462.2K75.3K3.2K121.2K139.4K177.9K
Non Current Assets Total6.7M14.1M1.1M766.2K881.2K837.1K
Cash And Short Term Investments462.2K1.4M60.7K126.9K146.0K138.7K
Net Receivables63.1K254.5K52.1K14.9K17.1K16.3K
Liabilities And Stockholders Equity7.2M15.9M1.3M955.4K1.1M1.0M
Other Stockholder Equity2.2M4.0M4.4M4.5M5.1M5.4M
Total Liab1.9M2.2M2.3M1.9M2.2M1.5M
Total Current Assets548.0K1.7M185.0K189.2K217.6K416.4K
Other Current Liab1.0M1.0M971.9K934.8K1.1M1.0M
Common Stock Shares Outstanding23.0M41.6M10.5M80.9M93.0M97.7M
Net Tangible Assets4.4M5.4M803.6K(942.2K)(1.1M)(1.0M)
Accounts Payable546.8K374.1K491.6K130.1K149.6K288.2K
Common Stock7.7M15.6M17.9M18.9M21.7M22.8M
Property Plant Equipment6.2M6.7M1.3M1.1M1.3M1.2M
Other Current Assets40.1K22.7K67.3K72.2K83.0K87.2K
Net Invested Capital5.4M13.6M(942.2K)(955.7K)(860.1K)(817.1K)
Net Working Capital(1.0M)350.5K(1.3M)(875.7K)(1.0M)(1.1M)
Capital Stock7.7M15.6M17.9M18.9M21.7M13.3M

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