Central Net Debt vs Accounts Payable Analysis

CENT Stock

USD 37.91 1.04 2.82%

Central Garden financial indicator trend analysis is way more than just evaluating Central Garden Pet prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Central Garden Pet is a good investment. Please check the relationship between Central Garden Net Debt and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Central Garden Pet. 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 Debt vs Accounts Payable

Net Debt vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Central Garden Pet Net Debt account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.

The correlation between Central Garden's Net Debt and Accounts Payable is 0.67. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Central Garden Pet, assuming nothing else is changed. The correlation between historical values of Central Garden's Net Debt 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 Net Debt of Central Garden Pet 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 Net Debt i.e., Central Garden's Net Debt and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Accounts Payable

An accounting item on the balance sheet that represents Central Garden 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 Central Garden Pet 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 Central Garden's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Central Garden Pet 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Central Garden Pet. 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, Central Garden's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 7.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 310.1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	58.3M	57.0M	65.6M	36.4M
Depreciation And Amortization	129.6M	139.6M	160.5M	168.5M

Interest Expense Depreciation And Amortization

Central Garden fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Common Stock Total Equity
Total Assets		0.99	0.83	0.96	0.99	0.99	0.85	0.98	0.81	0.77	0.98	0.27	0.77	0.74	0.53	0.99	0.97	0.2	0.77	1.0	0.9	0.98	0.7	0.89	0.86	0.32
Short Long Term Debt Total	0.99		0.81	0.96	0.97	0.99	0.89	0.97	0.81	0.72	0.99	0.3	0.72	0.71	0.48	1.0	0.98	0.15	0.73	1.0	0.93	0.95	0.73	0.89	0.85	0.33
Other Current Liab	0.83	0.81		0.85	0.85	0.79	0.54	0.82	0.68	0.85	0.78	0.52	0.85	0.64	0.5	0.8	0.72	0.18	0.68	0.82	0.64	0.87	0.52	0.59	0.61	0.15
Total Current Liabilities	0.96	0.96	0.85		0.94	0.97	0.81	0.95	0.88	0.76	0.95	0.38	0.76	0.77	0.47	0.95	0.91	0.23	0.75	0.97	0.81	0.94	0.77	0.8	0.8	0.14
Total Stockholder Equity	0.99	0.97	0.85	0.94		0.96	0.78	0.98	0.78	0.82	0.96	0.23	0.82	0.75	0.57	0.97	0.95	0.23	0.78	0.97	0.86	0.99	0.64	0.88	0.85	0.32
Property Plant And Equipment Net	0.99	0.99	0.79	0.97	0.96		0.9	0.97	0.8	0.69	0.99	0.23	0.69	0.7	0.47	0.99	0.98	0.17	0.73	0.99	0.91	0.94	0.75	0.92	0.86	0.29
Net Debt	0.85	0.89	0.54	0.81	0.78	0.9		0.81	0.67	0.33	0.92	0.21	0.33	0.53	0.37	0.9	0.93	0.13	0.58	0.88	0.95	0.73	0.67	0.86	0.8	0.47
Retained Earnings	0.98	0.97	0.82	0.95	0.98	0.97	0.81		0.76	0.79	0.97	0.23	0.78	0.68	0.42	0.97	0.95	0.18	0.7	0.98	0.88	0.96	0.77	0.92	0.84	0.24
Accounts Payable	0.81	0.81	0.68	0.88	0.78	0.8	0.67	0.76		0.66	0.78	0.45	0.66	0.92	0.59	0.79	0.74	0.3	0.86	0.82	0.63	0.8	0.62	0.57	0.82	0.15
Cash	0.77	0.72	0.85	0.76	0.82	0.69	0.33	0.79	0.66		0.66	0.3	1.0	0.68	0.43	0.71	0.62	0.11	0.65	0.73	0.48	0.87	0.5	0.55	0.56	-0.02
Non Current Assets Total	0.98	0.99	0.78	0.95	0.96	0.99	0.92	0.97	0.78	0.66		0.28	0.65	0.68	0.47	0.99	0.99	0.19	0.71	0.99	0.95	0.93	0.74	0.92	0.86	0.37
Non Currrent Assets Other	0.27	0.3	0.52	0.38	0.23	0.23	0.21	0.23	0.45	0.3	0.28		0.3	0.33	0.15	0.27	0.14	0.22	0.24	0.29	0.23	0.25	0.23	-0.1	0.11	0.13
Cash And Short Term Investments	0.77	0.72	0.85	0.76	0.82	0.69	0.33	0.78	0.66	1.0	0.65	0.3		0.68	0.44	0.71	0.62	0.1	0.65	0.73	0.48	0.87	0.49	0.55	0.56	-0.02
Net Receivables	0.74	0.71	0.64	0.77	0.75	0.7	0.53	0.68	0.92	0.68	0.68	0.33	0.68		0.8	0.71	0.66	0.4	0.94	0.73	0.51	0.78	0.37	0.5	0.82	0.25
Common Stock Shares Outstanding	0.53	0.48	0.5	0.47	0.57	0.47	0.37	0.42	0.59	0.43	0.47	0.15	0.44	0.8		0.5	0.5	0.48	0.89	0.5	0.4	0.58	-0.14	0.33	0.64	0.58
Non Current Liabilities Total	0.99	1.0	0.8	0.95	0.97	0.99	0.9	0.97	0.79	0.71	0.99	0.27	0.71	0.71	0.5		0.98	0.16	0.74	1.0	0.94	0.95	0.71	0.91	0.86	0.36
Inventory	0.97	0.98	0.72	0.91	0.95	0.98	0.93	0.95	0.74	0.62	0.99	0.14	0.62	0.66	0.5	0.98		0.18	0.72	0.98	0.95	0.92	0.68	0.95	0.88	0.42
Other Current Assets	0.2	0.15	0.18	0.23	0.23	0.17	0.13	0.18	0.3	0.11	0.19	0.22	0.1	0.4	0.48	0.16	0.18		0.39	0.18	0.13	0.2	-0.09	0.09	0.27	0.25
Other Stockholder Equity	0.77	0.73	0.68	0.75	0.78	0.73	0.58	0.7	0.86	0.65	0.71	0.24	0.65	0.94	0.89	0.74	0.72	0.39		0.75	0.6	0.8	0.28	0.57	0.85	0.42
Total Liab	1.0	1.0	0.82	0.97	0.97	0.99	0.88	0.98	0.82	0.73	0.99	0.29	0.73	0.73	0.5	1.0	0.98	0.18	0.75		0.92	0.96	0.73	0.89	0.86	0.32
Property Plant And Equipment Gross	0.9	0.93	0.64	0.81	0.86	0.91	0.95	0.88	0.63	0.48	0.95	0.23	0.48	0.51	0.4	0.94	0.95	0.13	0.6	0.92		0.81	0.64	0.9	0.82	0.57
Total Current Assets	0.98	0.95	0.87	0.94	0.99	0.94	0.73	0.96	0.8	0.87	0.93	0.25	0.87	0.78	0.58	0.95	0.92	0.2	0.8	0.96	0.81		0.63	0.83	0.82	0.25
Short Term Debt	0.7	0.73	0.52	0.77	0.64	0.75	0.67	0.77	0.62	0.5	0.74	0.23	0.49	0.37	-0.14	0.71	0.68	-0.09	0.28	0.73	0.64	0.63		0.71	0.57	-0.22
Intangible Assets	0.89	0.89	0.59	0.8	0.88	0.92	0.86	0.92	0.57	0.55	0.92	-0.1	0.55	0.5	0.33	0.91	0.95	0.09	0.57	0.89	0.9	0.83	0.71		0.83	0.32
Good Will	0.86	0.85	0.61	0.8	0.85	0.86	0.8	0.84	0.82	0.56	0.86	0.11	0.56	0.82	0.64	0.86	0.88	0.27	0.85	0.86	0.82	0.82	0.57	0.83		0.46
Common Stock Total Equity	0.32	0.33	0.15	0.14	0.32	0.29	0.47	0.24	0.15	-0.02	0.37	0.13	-0.02	0.25	0.58	0.36	0.42	0.25	0.42	0.32	0.57	0.25	-0.22	0.32	0.46

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Central Garden Account Relationship Matchups

Central Garden fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	3.1B	3.3B	3.4B	3.9B	4.1B
Short Long Term Debt Total	814.1M	1.4B	1.4B	1.4B	1.6B	1.7B
Other Current Liab	201.4M	235.0M	54.4M	216.2M	248.7M	261.1M
Total Current Liabilities	440.3M	522.3M	465.9M	458.0M	526.7M	553.0M
Total Stockholder Equity	1.1B	1.2B	1.3B	1.5B	1.7B	1.8B
Property Plant And Equipment Net	360.5M	494.2M	583.3M	565.3M	650.1M	682.6M
Net Debt	161.4M	930.2M	1.2B	885.7M	1.0B	1.1B
Retained Earnings	510.8M	646.1M	755.3M	859.4M	988.3M	1.0B
Accounts Payable	205.2M	245.5M	215.7M	190.9M	219.5M	135.0M
Cash	652.7M	426.4M	177.4M	488.7M	562.0M	590.1M
Non Current Assets Total	814.1M	1.6B	1.7B	1.7B	1.9B	2.0B
Non Currrent Assets Other	28.7M	575.0M	(130.8M)	62.6M	71.9M	45.1M
Cash And Short Term Investments	652.7M	426.4M	177.4M	488.7M	562.0M	590.1M
Net Receivables	391.8M	385.4M	376.8M	332.9M	382.8M	211.5M
Common Stock Shares Outstanding	54.7M	55.2M	54.4M	53.4M	61.4M	44.7M
Liabilities And Stockholders Equity	2.3B	3.1B	3.3B	3.4B	3.9B	4.1B
Non Current Liabilities Total	821.4M	1.4B	1.5B	1.5B	1.7B	1.8B
Inventory	439.6M	685.2M	938M	838.2M	963.9M	1.0B
Other Current Assets	43.1M	41.2M	46.6M	33.2M	38.1M	31.4M
Other Stockholder Equity	566.9M	576.4M	582.1M	594.4M	683.6M	419.0M
Total Liab	1.3B	1.9B	1.9B	1.9B	2.2B	2.3B
Property Plant And Equipment Gross	244.7K	494.2M	583.3M	565.3M	650.1M	682.6M
Total Current Assets	1.5B	1.5B	1.6B	1.7B	2.0B	2.1B
Accumulated Other Comprehensive Income	(1.4M)	(831K)	(4.1M)	(3.0M)	(3.4M)	(3.6M)
Short Term Debt	33.6M	41.8M	48.4M	50.8M	45.8M	48.0M
Intangible Assets	134.9M	134.4M	543.2M	497.2M	571.8M	600.4M
Good Will	286.1M	290.0M	369.4M	546.4M	628.4M	314.4M
Common Stock Total Equity	561K	113.0	552K	542K	623.3K	469.0K
Common Stock	548K	552K	542K	537K	617.6K	490.3K
Current Deferred Revenue	(14.0M)	57.3M	41.0K	147.4M	169.5M	178.0M
Other Liab	57.3M	41.0M	56.0M	147.4M	169.5M	178.0M
Net Tangible Assets	563.8M	651.9M	718.4M	244.1M	280.7M	377.9M
Other Assets	37K	24K	31K	16.7M	19.2M	15.4M
Long Term Debt	694.0M	1.2B	1.2B	1.2B	1.4B	1.4B

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