Apple Assets Non Current vs Accounts Payable Analysis

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Apple financial indicator trend analysis is way more than just evaluating Apple prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apple is a good investment. Please check the relationship between Apple Assets Non Current and its Accounts Payable accounts. Please continue to Trending Equities.

Assets Non Current vs Accounts Payable

Accounts Relationship

Assets Non Current vs Accounts Payable

Significance: Strong Relationship

Assets Non Current diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Apple Assets Non Current account and Accounts Payable

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Assets Non Current

Amount of non-current assets; for companies that operate a classified balance sheet. Calculated as the different between Total Assets [Assets] and Current Assets [AssetsC].

Accounts Payable

An accounting item on the balance sheet that represents Apple 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 Apple 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.