Block Net Receivables vs Total Current Liabilities Analysis

SQ2 Stock   147.81  6.40  4.15%   
Block financial indicator trend analysis is way more than just evaluating Block Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Block Inc is a good investment. Please check the relationship between Block Net Receivables and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Block Inc. 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.

Net Receivables vs Total Current Liabilities

Net Receivables vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Block Inc Net Receivables account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Block's Net Receivables and Total Current Liabilities is 0.97. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Block Inc, assuming nothing else is changed. The correlation between historical values of Block's Net Receivables 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 Net Receivables of Block Inc 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 Net Receivables i.e., Block's Net Receivables and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Receivables

Total Current Liabilities

Total Current Liabilities is an item on Block balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Block Inc 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 Block's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Block Inc 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 Block Inc. 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 gain to about 2.3 B in 2024, despite the fact that Tax Provision is likely to grow to (7.6 M).
 2021 2022 2023 2024 (projected)
Gross Profit4.4B6.0B7.5B7.9B
Total Revenue17.7B17.5B21.9B23.0B

Block fundamental ratios Correlations

0.820.830.850.750.88-0.14-0.160.760.790.770.810.90.760.70.880.920.750.760.870.850.740.930.820.750.49
0.820.850.990.990.71-0.49-0.080.810.960.990.60.760.990.960.940.960.960.980.980.990.970.830.990.640.23
0.830.850.90.750.91-0.160.230.710.90.760.760.910.770.680.960.920.740.740.930.910.710.930.80.570.59
0.850.990.90.960.77-0.45-0.030.820.980.960.650.810.970.920.970.980.940.951.01.00.930.880.980.640.3
0.750.990.750.960.6-0.58-0.150.780.921.00.490.661.00.990.870.90.971.00.930.950.990.740.990.60.1
0.880.710.910.770.60.140.210.560.710.620.930.980.60.530.880.830.610.590.820.770.590.920.660.60.73
-0.14-0.49-0.16-0.45-0.580.140.26-0.45-0.54-0.530.30.11-0.61-0.6-0.23-0.34-0.61-0.58-0.37-0.45-0.52-0.13-0.54-0.090.65
-0.16-0.080.23-0.03-0.150.210.26-0.350.01-0.130.080.16-0.16-0.170.07-0.06-0.14-0.190.01-0.02-0.150.01-0.14-0.550.39
0.760.810.710.820.780.56-0.45-0.350.820.770.470.610.820.740.780.820.750.790.810.820.740.740.80.790.16
0.790.960.90.980.920.71-0.540.010.820.910.560.740.940.880.940.950.920.920.970.980.880.850.950.580.22
0.770.990.760.961.00.62-0.53-0.130.770.910.530.690.990.990.880.90.961.00.940.951.00.760.980.610.15
0.810.60.760.650.490.930.30.080.470.560.530.90.490.430.770.740.530.490.70.650.50.780.570.610.7
0.90.760.910.810.660.980.110.160.610.740.690.90.660.610.910.850.640.660.850.810.670.940.710.660.74
0.760.990.770.971.00.6-0.61-0.160.820.940.990.490.660.980.880.910.981.00.940.960.980.760.990.620.09
0.70.960.680.920.990.53-0.6-0.170.740.880.990.430.610.980.820.850.960.990.890.921.00.690.970.570.04
0.880.940.960.970.870.88-0.230.070.780.940.880.770.910.880.820.970.840.870.990.970.850.940.910.670.52
0.920.960.920.980.90.83-0.34-0.060.820.950.90.740.850.910.850.970.90.90.980.980.870.910.950.670.4
0.750.960.740.940.970.61-0.61-0.140.750.920.960.530.640.980.960.840.90.970.910.940.950.720.970.560.02
0.760.980.740.951.00.59-0.58-0.190.790.921.00.490.661.00.990.870.90.970.930.950.990.750.990.630.09
0.870.980.931.00.930.82-0.370.010.810.970.940.70.850.940.890.990.980.910.931.00.910.910.960.660.39
0.850.990.911.00.950.77-0.45-0.020.820.980.950.650.810.960.920.970.980.940.951.00.930.880.980.640.3
0.740.970.710.930.990.59-0.52-0.150.740.881.00.50.670.981.00.850.870.950.990.910.930.730.970.60.13
0.930.830.930.880.740.92-0.130.010.740.850.760.780.940.760.690.940.910.720.750.910.880.730.80.750.57
0.820.990.80.980.990.66-0.54-0.140.80.950.980.570.710.990.970.910.950.970.990.960.980.970.80.620.16
0.750.640.570.640.60.6-0.09-0.550.790.580.610.610.660.620.570.670.670.560.630.660.640.60.750.620.29
0.490.230.590.30.10.730.650.390.160.220.150.70.740.090.040.520.40.020.090.390.30.130.570.160.29
Click cells to compare fundamentals

Block Account Relationship Matchups

Block fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding466.1M482.2M501.8M578.9M614.0M453.8M
Total Assets4.6B9.9B13.9B31.4B34.1B35.8B
Other Current Liab1.6B6.9B11.2B7.4B8.8B9.2B
Total Current Liabilities1.7B4.1B5.4B8.4B9.9B10.4B
Total Stockholder Equity1.7B2.7B3.3B17.2B18.7B19.6B
Property Plant And Equipment Net262.3M690.4M731.5M702.5M540.8M345.2M
Net Debt27.8M335.4M1.1B400.2M(2.1B)(2.0B)
Retained Earnings(510.3M)(297.2M)(28.0M)(568.7M)(528.4M)(554.9M)
Accounts Payable42.1M47.1M82.2M95.8M142.6M149.7M
Cash1.0B3.2B4.4B4.5B8.2B8.6B
Non Current Assets Total1.3B2.1B3.4B15.7B15.2B16.0B
Non Currrent Assets Other196.4M499.3M370.5M484.2M194.3M207.1M
Cash And Short Term Investments2.2B5.9B8.1B8.8B6.2B3.5B
Net Receivables622.6M1.1B1.3B4.8B5.8B6.1B
Good Will266.3M316.7M519.3M12.0B11.9B12.5B
Liabilities And Stockholders Equity4.6B9.9B13.9B31.4B34.1B35.8B
Non Current Liabilities Total1.1B3.1B5.2B5.7B5.5B5.7B
Inventory47.7M61.1M77.1M97.7M110.1M115.6M
Other Current Assets1.0B2.8B200.3M5.4B6.7B7.0B
Other Stockholder Equity2.2B3.0B3.3B18.3B19.6B20.6B
Total Liab2.8B7.2B10.6B14.1B15.4B16.1B
Total Current Assets3.2B7.8B10.5B15.6B18.9B19.8B
Accumulated Other Comprehensive Income1.6M23.3M(16.4M)(523.1M)(378.3M)(359.4M)
Intangible Assets69.1M137.6M257.0M2.0B1.8B1.8B
Short Long Term Debt Total1.1B3.5B5.5B4.9B6.1B3.3B
Current Deferred Revenue38.1M44.9M48.5M141.9M167.0M175.4M
Short Term Debt27.3M516.8M562.0M988.5M806.8M579.0M
Other Assets86.4M90.5M288.6M173.1M1.00.95
Short Term Investments1.2B2.7B3.7B4.3B851.9M809.3M
Capital Surpluse2.2B3.0B3.3B18.3B21.1B22.1B
Property Plant Equipment262.3M690.4M731.5M702.5M807.8M449.1M
Long Term Debt938.8M2.6B4.6B4.1B5.0B2.9B
Long Term Debt Total938.8M2.6B4.6B4.1B4.7B2.5B
Cash And Equivalents1.0B3.2B4.4B4.5B5.2B2.7B
Other Liab94.5M85.3M222.8M334.2M384.3M215.4M
Net Tangible Assets1.4B2.2B2.5B3.2B3.7B2.2B
Capital Lease Obligations136.1M442.4M459.0M424.3M343.5M358.3M
Net Invested Capital2.7B5.7B8.3B22.3B24.4B25.6B
Long Term Investments647.3M922.7M1.8B884.6M796.3M1.0B

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Additional Tools for Block Stock Analysis

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