Tri Accounts Payable vs Non Current Liabilities Total Analysis
TY Stock | USD 33.10 0.04 0.12% |
Tri Continental financial indicator trend analysis is much more than just breaking down Tri Continental Closed prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tri Continental Closed is a good investment. Please check the relationship between Tri Continental Accounts Payable and its Non Current Liabilities Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tri Continental Closed. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
Accounts Payable vs Non Current Liabilities Total
Accounts Payable vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tri Continental Closed Accounts Payable account and Non Current Liabilities Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Tri Continental's Accounts Payable and Non Current Liabilities Total is 0.98. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Tri Continental Closed, assuming nothing else is changed. The correlation between historical values of Tri Continental's Accounts Payable and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Tri Continental Closed are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Accounts Payable i.e., Tri Continental's Accounts Payable and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Tri Continental 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 Tri Continental Closed 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.Non Current Liabilities Total
Most indicators from Tri Continental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tri Continental Closed 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 Tri Continental Closed. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. At this time, Tri Continental's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 7.39 in 2024, whereas Selling General Administrative is likely to drop slightly above 392.1 K in 2024.
Tri Continental fundamental ratios Correlations
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Tri Continental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tri Continental fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 1.8B | 2.0B | 1.6B | 1.8B | 1.7B | |
Other Current Liab | (2.2M) | (1.1M) | (2.1M) | (1.2M) | (4.0M) | (3.8M) | |
Total Current Liabilities | 2.2M | 1.1M | 2.1M | 1.2M | 4.0M | 3.8M | |
Total Stockholder Equity | 1.7B | 1.8B | 2.0B | 1.6B | 1.7B | 1.7B | |
Retained Earnings | 197.6M | 307.6M | 499.2M | 85.5M | 269.9M | 283.4M | |
Non Current Assets Total | 1.7B | 1.8B | 2.0B | 1.6B | 1.7B | 1.7B | |
Non Currrent Assets Other | (1.7B) | (1.8B) | (2.0B) | (1.6B) | (1.7B) | (1.8B) | |
Other Assets | 149.3K | 133.2K | 130.4K | 216.0K | 1.8B | 1.8B | |
Net Receivables | 8.9M | 9.9M | 8.3M | 9.7M | 17.9M | 16.2M | |
Common Stock Total Equity | 27.4M | 26.9M | 26.8M | 26.2M | 23.6M | 22.4M | |
Common Stock Shares Outstanding | 53.6M | 52.5M | 54.7M | 54.2M | 52.9M | 66.9M | |
Liabilities And Stockholders Equity | 1.7B | 1.8B | 2.0B | 1.6B | 1.8B | 1.7B | |
Other Stockholder Equity | 1.4B | 1.4B | 1.5B | 1.5B | 1.4B | 1.5B | |
Total Liab | 2.2M | 1.1M | 2.1M | 1.8M | 4.4M | 4.2M | |
Total Current Assets | 8.9M | 10.1M | 8.3M | 9.7M | 18.0M | 14.0M | |
Common Stock | 26.8M | 26.2M | 27.3M | 27.1M | 26.2M | 24.9M | |
Net Tangible Assets | 1.7B | 1.7B | 2.0B | 1.6B | 1.4B | 1.4B | |
Accounts Payable | 2.2M | 1.1M | 2.1M | 1.2M | 4.0M | 3.8M | |
Non Current Liabilities Total | 3.3M | 2.0M | 3.0M | 1.2M | 4.4M | 6.2M | |
Other Current Assets | (8.9M) | (10.1M) | (8.3M) | (9.8M) | (17.9M) | (18.8M) | |
Long Term Investments | 1.7B | 1.8B | 2.0B | 1.6B | 1.7B | 1.4B | |
Other Liab | 77.7K | 11.8K | 86.0K | 189.6K | 170.6K | 120.9K | |
Capital Surpluse | 1.4B | 1.4B | 1.4B | 1.5B | 1.3B | 1.2B | |
Capital Stock | 64.5M | 63.9M | 65.0M | 64.8M | 63.8M | 51.5M |
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Additional Tools for Tri Stock Analysis
When running Tri Continental's price analysis, check to measure Tri Continental'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 Tri Continental is operating at the current time. Most of Tri Continental's value examination focuses on studying past and present price action to predict the probability of Tri Continental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tri Continental's price. Additionally, you may evaluate how the addition of Tri Continental to your portfolios can decrease your overall portfolio volatility.