Data Accounts Payable vs Total Current Liabilities Analysis

DTST Stock

USD 6.65 0.38 6.06%

Data Storage financial indicator trend analysis is much more than just examining Data Storage Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Data Storage Corp is a good investment. Please check the relationship between Data Storage Accounts Payable and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Data Storage Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Data Stock please use our How to Invest in Data Storage guide.

Accounts Payable vs Total Current Liabilities

Accounts Payable vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Data Storage Corp Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Data Storage's Accounts Payable and Total Current Liabilities is 0.53. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Data Storage Corp, assuming nothing else is changed. The correlation between historical values of Data Storage's Accounts Payable 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 Accounts Payable of Data Storage Corp 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 Accounts Payable i.e., Data Storage's Accounts Payable and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Data Storage 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 Data Storage Corp 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.

Total Current Liabilities

Total Current Liabilities is an item on Data Storage balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Data Storage Corp 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 Data Storage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Data Storage Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Data Storage Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Data Stock please use our How to Invest in Data Storage guide.At this time, Data Storage's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to 0.00 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	126.7K	130.1K	74.5K	70.8K
Depreciation And Amortization	1.3M	1.2M	1.4M	736.2K

Interest Expense Depreciation And Amortization

Data Storage fundamental ratios Correlations

	Total Assets	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 Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt	Intangible Assets	Good Will
Total Assets		0.84	0.29	0.99	0.63	-0.69	-0.69	0.82	0.65	0.82	0.37	0.98	0.8	0.67	0.95	-0.76	0.85	-0.07	0.98	0.99	-0.43	-0.23	-0.24	0.07	0.85	0.79
Other Current Liab	0.84		0.21	0.84	0.53	-0.52	-0.67	0.63	0.46	0.63	0.28	0.85	0.37	0.65	0.85	-0.71	0.63	-0.07	0.86	0.81	-0.31	-0.24	-0.1	0.08	0.57	0.65
Total Current Liabilities	0.29	0.21		0.2	0.45	0.17	-0.77	0.53	0.0	0.53	0.24	0.16	0.36	0.52	0.34	-0.29	0.5	0.83	0.25	0.2	0.36	0.53	0.52	0.66	0.29	0.52
Total Stockholder Equity	0.99	0.84	0.2		0.59	-0.73	-0.63	0.79	0.65	0.79	0.36	0.99	0.78	0.64	0.93	-0.78	0.82	-0.17	0.97	0.99	-0.47	-0.31	-0.28	-0.02	0.84	0.77
Property Plant And Equipment Net	0.63	0.53	0.45	0.59		-0.29	-0.52	0.45	0.39	0.8	0.5	0.54	0.56	0.59	0.69	-0.24	0.64	0.3	0.69	0.56	0.01	0.25	-0.22	0.33	0.68	0.58
Net Debt	-0.69	-0.52	0.17	-0.73	-0.29		0.12	-0.25	-0.95	-0.64	-0.45	-0.68	-0.61	-0.26	-0.52	0.44	-0.58	0.44	-0.6	-0.69	0.48	0.29	0.25	0.11	-0.72	-0.68
Retained Earnings	-0.69	-0.67	-0.77	-0.63	-0.52	0.12		-0.77	-0.19	-0.67	-0.18	-0.62	-0.54	-0.83	-0.79	0.63	-0.75	-0.49	-0.66	-0.63	-0.14	-0.21	-0.17	-0.45	-0.5	-0.71
Accounts Payable	0.82	0.63	0.53	0.79	0.45	-0.25	-0.77		0.17	0.6	0.2	0.8	0.69	0.6	0.79	-0.83	0.73	0.13	0.81	0.82	-0.32	-0.29	0.05	0.0	0.64	0.59
Cash	0.65	0.46	0.0	0.65	0.39	-0.95	-0.19	0.17		0.73	0.48	0.59	0.62	0.31	0.5	-0.3	0.61	-0.2	0.54	0.61	-0.31	0.03	-0.22	0.18	0.72	0.74
Non Current Assets Total	0.82	0.63	0.53	0.79	0.8	-0.64	-0.67	0.6	0.73		0.6	0.71	0.79	0.71	0.79	-0.53	0.92	0.18	0.76	0.74	-0.06	0.16	-0.04	0.3	0.9	0.94
Non Currrent Assets Other	0.37	0.28	0.24	0.36	0.5	-0.45	-0.18	0.2	0.48	0.6		0.24	0.3	0.41	0.33	-0.32	0.33	0.05	0.32	0.26	0.16	0.02	0.32	0.05	0.56	0.52
Cash And Short Term Investments	0.98	0.85	0.16	0.99	0.54	-0.68	-0.62	0.8	0.59	0.71	0.24		0.73	0.58	0.92	-0.77	0.78	-0.2	0.98	1.0	-0.55	-0.36	-0.32	-0.04	0.79	0.69
Net Receivables	0.8	0.37	0.36	0.78	0.56	-0.61	-0.54	0.69	0.62	0.79	0.3	0.73		0.53	0.72	-0.53	0.85	0.02	0.73	0.79	-0.27	-0.05	-0.26	0.09	0.83	0.73
Common Stock Total Equity	0.67	0.65	0.52	0.64	0.59	-0.26	-0.83	0.6	0.31	0.71	0.41	0.58	0.53		0.82	-0.65	0.69	0.21	0.64	0.59	0.36	0.13	0.04	0.28	0.48	0.74
Common Stock Shares Outstanding	0.95	0.85	0.34	0.93	0.69	-0.52	-0.79	0.79	0.5	0.79	0.33	0.92	0.72	0.82		-0.72	0.82	0.02	0.95	0.92	-0.21	-0.11	-0.29	0.15	0.76	0.75
Non Current Liabilities Total	-0.76	-0.71	-0.29	-0.78	-0.24	0.44	0.63	-0.83	-0.3	-0.53	-0.32	-0.77	-0.53	-0.65	-0.72		-0.66	0.22	-0.71	-0.77	0.22	0.5	-0.14	0.2	-0.55	-0.65
Other Stockholder Equity	0.85	0.63	0.5	0.82	0.64	-0.58	-0.75	0.73	0.61	0.92	0.33	0.78	0.85	0.69	0.82	-0.66		0.07	0.78	0.81	-0.17	0.0	-0.12	0.16	0.88	0.91
Total Liab	-0.07	-0.07	0.83	-0.17	0.3	0.44	-0.49	0.13	-0.2	0.18	0.05	-0.2	0.02	0.21	0.02	0.22	0.07		-0.06	-0.16	0.44	0.77	0.45	0.81	-0.06	0.11
Property Plant And Equipment Gross	0.98	0.86	0.25	0.97	0.69	-0.6	-0.66	0.81	0.54	0.76	0.32	0.98	0.73	0.64	0.95	-0.71	0.78	-0.06		0.97	-0.46	-0.26	-0.31	0.05	0.81	0.69
Total Current Assets	0.99	0.81	0.2	0.99	0.56	-0.69	-0.63	0.82	0.61	0.74	0.26	1.0	0.79	0.59	0.92	-0.77	0.81	-0.16	0.97		-0.52	-0.33	-0.31	-0.02	0.82	0.72
Common Stock	-0.43	-0.31	0.36	-0.47	0.01	0.48	-0.14	-0.32	-0.31	-0.06	0.16	-0.55	-0.27	0.36	-0.21	0.22	-0.17	0.44	-0.46	-0.52		0.57	0.4	0.36	-0.39	-0.01
Short Long Term Debt Total	-0.23	-0.24	0.53	-0.31	0.25	0.29	-0.21	-0.29	0.03	0.16	0.02	-0.36	-0.05	0.13	-0.11	0.5	0.0	0.77	-0.26	-0.33	0.57		0.11	0.88	-0.11	0.09
Current Deferred Revenue	-0.24	-0.1	0.52	-0.28	-0.22	0.25	-0.17	0.05	-0.22	-0.04	0.32	-0.32	-0.26	0.04	-0.29	-0.14	-0.12	0.45	-0.31	-0.31	0.4	0.11		0.16	-0.2	0.11
Short Term Debt	0.07	0.08	0.66	-0.02	0.33	0.11	-0.45	0.0	0.18	0.3	0.05	-0.04	0.09	0.28	0.15	0.2	0.16	0.81	0.05	-0.02	0.36	0.88	0.16		0.03	0.27
Intangible Assets	0.85	0.57	0.29	0.84	0.68	-0.72	-0.5	0.64	0.72	0.9	0.56	0.79	0.83	0.48	0.76	-0.55	0.88	-0.06	0.81	0.82	-0.39	-0.11	-0.2	0.03		0.79
Good Will	0.79	0.65	0.52	0.77	0.58	-0.68	-0.71	0.59	0.74	0.94	0.52	0.69	0.73	0.74	0.75	-0.65	0.91	0.11	0.69	0.72	-0.01	0.09	0.11	0.27	0.79

Click cells to compare fundamentals

Data Storage Account Relationship Matchups

Data Storage fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.3M	7.8M	26.3M	24.1M	23.3M	24.5M
Other Current Liab	971.0K	1.1M	2.4M	880.5K	3.1M	3.3M
Total Current Liabilities	3.7M	4.4M	3.0M	4.5M	3.5M	3.2M
Total Stockholder Equity	1.8M	2.0M	22.7M	19.1M	20.0M	21.0M
Property Plant And Equipment Net	2.5M	2.5M	2.4M	2.4M	2.8M	1.5M
Net Debt	3.0M	2.4M	(10.1M)	(636.3K)	(827.3K)	(785.9K)
Retained Earnings	(15.8M)	(15.7M)	(15.5M)	(19.9M)	(19.5M)	(20.5M)
Accounts Payable	906.7K	979.6K	1.3M	3.2M	2.6M	2.7M
Cash	326.6K	893.6K	12.1M	2.3M	1.4M	1.2M
Non Current Assets Total	6.2M	6.1M	11.3M	8.7M	8.8M	5.3M
Cash And Short Term Investments	326.6K	893.6K	12.1M	11.3M	12.7M	13.4M
Net Receivables	691.4K	554.6K	2.4M	3.5M	1.3M	752.7K
Common Stock Shares Outstanding	3.2M	3.4M	6.3M	6.8M	7.2M	7.6M
Liabilities And Stockholders Equity	7.3M	7.8M	26.3M	24.1M	23.3M	24.5M
Non Current Liabilities Total	1.9M	1.5M	748.4K	609.3K	37.9K	36.0K
Other Stockholder Equity	17.5M	17.6M	38.2M	39.0M	39.5M	20.0M
Total Liab	5.6M	5.8M	3.7M	5.1M	3.5M	4.4M
Property Plant And Equipment Gross	2.5M	2.5M	7.0M	7.4M	7.9M	8.3M
Total Current Assets	1.1M	1.7M	15.1M	15.4M	14.5M	15.2M
Common Stock	128.4K	128.5K	6.7K	6.8K	6.9K	6.5K
Short Long Term Debt Total	3.3M	3.3M	2.0M	1.7M	601.5K	571.4K
Current Deferred Revenue	432.9K	461.9K	366.9K	281.1K	336.2K	500.9K
Short Term Debt	1.4M	1.8M	1.3M	1.0M	563.5K	1.0M
Intangible Assets	649.9K	455.9K	2.3M	2.0M	1.7M	968.8K
Other Current Assets	80.7K	239.5K	536.4K	41.3K	513.2K	538.8K
Net Tangible Assets	(2.1M)	(1.9M)	(1.5M)	13.9M	16.0M	16.8M
Property Plant Equipment	1.3M	2.5M	2.5M	2.4M	2.7M	1.6M
Capital Lease Obligations	2.9M	2.8M	2.0M	1.7M	601.5K	571.4K
Net Invested Capital	2.2M	2.5M	22.7M	19.1M	20.0M	11.1M
Net Working Capital	(2.6M)	(2.7M)	12.1M	10.9M	11.0M	11.6M
Capital Stock	129.8K	129.9K	6.7K	6.8K	6.9K	6.5K

Pair Trading with Data Storage

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Data Storage position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Data Storage will appreciate offsetting losses from the drop in the long position's value.

Moving against Data Stock

0.59	UIS	Unisys	Pair Corr
0.5	AUR	Aurora Innovation Buyout Trend	Pair Corr
0.46	DXC	DXC Technology Sell-off Trend	Pair Corr

The ability to find closely correlated positions to Data Storage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Data Storage when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Data Storage - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Data Storage Corp to buy it.

The correlation of Data Storage is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Data Storage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Data Storage Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Data Storage can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Data Stock Analysis

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

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