GDEV Non Current Liabilities Total vs Accounts Payable Analysis

GDEV Stock  USD 32.21  4.79  12.95%   
GDEV financial indicator trend analysis is much more than just examining GDEV Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GDEV Inc is a good investment. Please check the relationship between GDEV Non Current Liabilities Total and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GDEV 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 income.

Non Current Liabilities Total vs Accounts Payable

Non Current Liabilities Total vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GDEV Inc Non Current Liabilities Total account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between GDEV's Non Current Liabilities Total and Accounts Payable is 0.75. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of GDEV Inc, assuming nothing else is changed. The correlation between historical values of GDEV's Non Current Liabilities Total 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 Non Current Liabilities Total of GDEV Inc 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 Non Current Liabilities Total i.e., GDEV's Non Current Liabilities Total and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Liabilities Total

Accounts Payable

An accounting item on the balance sheet that represents GDEV 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 GDEV Inc 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 GDEV's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GDEV 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GDEV 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 income.
At this time, GDEV's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 93.05 in 2024, whereas Tax Provision is likely to drop slightly above 1.7 M in 2024.
 2021 2022 2023 2024 (projected)
Net Interest Income6.9M801K1.5M2.5M
Tax Provision1.1M3.8M2.0M1.7M

GDEV fundamental ratios Correlations

-0.91-0.921.0-0.940.99-0.990.96-0.92-0.970.790.920.990.480.330.940.98-0.120.740.99-0.250.610.761.00.981.0
-0.910.99-0.930.91-0.860.91-0.780.890.84-0.55-0.9-0.95-0.63-0.48-0.93-0.830.3-0.6-0.910.13-0.45-0.68-0.92-0.92-0.88
-0.920.99-0.940.94-0.880.92-0.80.950.86-0.51-0.95-0.95-0.52-0.54-0.96-0.830.37-0.53-0.930.07-0.4-0.73-0.94-0.94-0.89
1.0-0.93-0.94-0.960.98-0.990.94-0.93-0.970.760.941.00.480.380.960.97-0.150.710.99-0.210.570.781.00.980.99
-0.940.910.94-0.96-0.930.95-0.860.970.94-0.65-0.97-0.97-0.34-0.61-0.99-0.880.29-0.51-0.98-0.06-0.34-0.9-0.97-0.94-0.92
0.99-0.86-0.880.98-0.93-0.980.98-0.91-0.970.80.910.970.420.320.920.99-0.140.720.98-0.250.60.760.980.981.0
-0.990.910.92-0.990.95-0.98-0.940.920.99-0.79-0.93-0.99-0.44-0.33-0.96-0.970.07-0.75-0.990.24-0.61-0.78-1.0-0.97-0.98
0.96-0.78-0.80.94-0.860.98-0.94-0.87-0.940.790.870.910.330.180.840.98-0.090.750.94-0.380.70.660.940.960.98
-0.920.890.95-0.930.97-0.910.92-0.870.89-0.53-1.0-0.93-0.25-0.59-0.96-0.850.41-0.45-0.950.0-0.36-0.82-0.94-0.95-0.9
-0.970.840.86-0.970.94-0.970.99-0.940.89-0.84-0.91-0.97-0.36-0.31-0.94-0.97-0.01-0.74-0.980.22-0.59-0.82-0.98-0.94-0.97
0.79-0.55-0.510.76-0.650.8-0.790.79-0.53-0.840.540.750.43-0.030.650.850.40.840.75-0.340.630.630.760.670.8
0.92-0.9-0.950.94-0.970.91-0.930.87-1.0-0.910.540.940.250.540.970.86-0.350.490.96-0.050.420.80.950.960.9
0.99-0.95-0.951.0-0.970.97-0.990.91-0.93-0.970.750.940.50.430.980.95-0.160.690.99-0.150.520.811.00.970.97
0.48-0.63-0.520.48-0.340.42-0.440.33-0.25-0.360.430.250.50.00.380.450.040.590.39-0.320.390.130.450.420.47
0.33-0.48-0.540.38-0.610.32-0.330.18-0.59-0.31-0.030.540.430.00.570.18-0.73-0.350.430.79-0.530.730.40.370.28
0.94-0.93-0.960.96-0.990.92-0.960.84-0.96-0.940.650.970.980.380.570.88-0.240.550.970.020.370.880.970.930.92
0.98-0.83-0.830.97-0.880.99-0.970.98-0.85-0.970.850.860.950.450.180.880.00.820.96-0.380.70.690.970.960.99
-0.120.30.37-0.150.29-0.140.07-0.090.41-0.010.4-0.35-0.160.04-0.73-0.240.00.48-0.16-0.50.44-0.23-0.15-0.26-0.1
0.74-0.6-0.530.71-0.510.72-0.750.75-0.45-0.740.840.490.690.59-0.350.550.820.480.67-0.740.920.270.70.660.76
0.99-0.91-0.930.99-0.980.98-0.990.94-0.95-0.980.750.960.990.390.430.970.96-0.160.67-0.150.520.831.00.980.98
-0.250.130.07-0.21-0.06-0.250.24-0.380.00.22-0.34-0.05-0.15-0.320.790.02-0.38-0.5-0.74-0.15-0.910.38-0.19-0.25-0.31
0.61-0.45-0.40.57-0.340.6-0.610.7-0.36-0.590.630.420.520.39-0.530.370.70.440.920.52-0.910.020.560.580.65
0.76-0.68-0.730.78-0.90.76-0.780.66-0.82-0.820.630.80.810.130.730.880.69-0.230.270.830.380.020.80.720.73
1.0-0.92-0.941.0-0.970.98-1.00.94-0.94-0.980.760.951.00.450.40.970.97-0.150.71.0-0.190.560.80.980.99
0.98-0.92-0.940.98-0.940.98-0.970.96-0.95-0.940.670.960.970.420.370.930.96-0.260.660.98-0.250.580.720.980.98
1.0-0.88-0.890.99-0.921.0-0.980.98-0.9-0.970.80.90.970.470.280.920.99-0.10.760.98-0.310.650.730.990.98
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GDEV Account Relationship Matchups

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Additional Tools for GDEV Stock Analysis

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