Parkland Accounts Payable vs Total Current Liabilities Analysis
PKI Stock | CAD 39.99 0.35 0.87% |
Parkland Fuel financial indicator trend analysis is much more than just breaking down Parkland Fuel prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parkland Fuel is a good investment. Please check the relationship between Parkland Fuel Accounts Payable and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parkland Fuel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
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 Parkland Fuel Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have totally related.
The correlation between Parkland Fuel's Accounts Payable and Total Current Liabilities is 0.99. 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 Parkland Fuel, assuming nothing else is changed. The correlation between historical values of Parkland Fuel'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 Parkland Fuel 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., Parkland Fuel's Accounts Payable and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents Parkland Fuel 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 Parkland Fuel 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 Parkland Fuel balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Parkland Fuel 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 Parkland Fuel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parkland Fuel 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parkland Fuel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Parkland Fuel's Selling General Administrative is very stable compared to the past year. As of the 15th of May 2024, Tax Provision is likely to grow to about 51.6 M, while Issuance Of Capital Stock is likely to drop about 12.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 223M | 295M | 352M | 369.6M | Depreciation And Amortization | 616M | 743M | 854.5M | 897.2M |
Parkland Fuel fundamental ratios Correlations
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Parkland Fuel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Parkland Fuel fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.3B | 9.1B | 11.6B | 14.3B | 13.9B | 14.6B | |
Short Long Term Debt Total | 3.9B | 4.2B | 5.6B | 7.0B | 8.0B | 8.4B | |
Total Current Liabilities | 1.9B | 1.6B | 2.3B | 3.3B | 3.4B | 3.5B | |
Total Stockholder Equity | 2.0B | 1.9B | 2.0B | 3.0B | 3.2B | 3.3B | |
Property Plant And Equipment Net | 3.7B | 3.8B | 4.4B | 5.1B | 5.2B | 5.4B | |
Net Debt | 3.7B | 3.9B | 5.3B | 6.3B | 4.9B | 5.2B | |
Retained Earnings | 53M | (49M) | (142M) | (206M) | 9M | 9.5M | |
Accounts Payable | 1.4B | 1.2B | 2.0B | 2.8B | 2.8B | 3.0B | |
Non Current Assets Total | 7.1B | 7.2B | 8.4B | 9.7B | 9.5B | 10.0B | |
Non Currrent Assets Other | 474M | 552M | 205M | 195M | 92M | 67.9M | |
Net Receivables | 1.1B | 826M | 1.4B | 1.9B | 1.4B | 1.5B | |
Common Stock Shares Outstanding | 135.1M | 149.7M | 150.9M | 152.5M | 175.8M | 184.6M | |
Liabilities And Stockholders Equity | 9.3B | 9.1B | 11.6B | 14.3B | 16.4B | 17.3B | |
Non Current Liabilities Total | 5.1B | 5.2B | 7.0B | 8.0B | 7.3B | 7.7B | |
Inventory | 780M | 650M | 1.3B | 1.7B | 1.8B | 1.8B | |
Other Current Assets | 97M | 140M | 179M | 290M | 75M | 57.9M | |
Other Stockholder Equity | (467M) | (444M) | (435M) | 73M | 65.7M | 69.0M | |
Total Liab | 7.0B | 6.8B | 9.2B | 11.3B | 10.7B | 11.2B | |
Property Plant And Equipment Gross | 3.7B | 3.8B | 6.3B | 7.5B | 7.8B | 8.2B | |
Total Current Assets | 2.2B | 1.9B | 3.1B | 4.6B | 4.3B | 4.5B | |
Accumulated Other Comprehensive Income | (10M) | (28M) | (39M) | (67M) | (77.1M) | (80.9M) | |
Short Term Debt | 115M | 303M | 124M | 173M | 199.0M | 208.9M | |
Intangible Assets | 965M | 949M | 1.1B | 1.4B | 1.2B | 1.2B | |
Other Current Liab | 401M | 91M | 156M | 271M | 216M | 226.8M | |
Cash | 244M | 262M | 284M | 653M | 387M | 406.4M | |
Cash And Short Term Investments | 244M | 262M | 284M | 653M | 751.0M | 788.5M | |
Current Deferred Revenue | 22M | 19M | 23M | 36M | 41.4M | 43.5M | |
Good Will | 1.8B | 1.9B | 2.2B | 2.5B | 2.4B | 2.5B | |
Common Stock Total Equity | 1.8B | 1.9B | 2.4B | 2.4B | 2.8B | 1.4B | |
Common Stock | 2.4B | 2.4B | 2.6B | 3.2B | 3.7B | 3.9B | |
Other Liab | 1.3B | 1.3B | 1.5B | 1.2B | 1.3B | 741.2M | |
Net Tangible Assets | (818M) | (894M) | (1.3B) | (802M) | (721.8M) | (685.7M) | |
Other Assets | 404M | 439M | 401M | 279M | 320.9M | 236.6M | |
Long Term Debt | 3.4B | 3.9B | 4.9B | 6.1B | 5.3B | 3.0B | |
Short Long Term Debt | 115M | 303M | 3M | 1M | 900K | 855K | |
Property Plant Equipment | 3.7B | 3.8B | 4.4B | 5.1B | 5.9B | 6.2B | |
Long Term Debt Total | 3.8B | 3.9B | 5.4B | 6.8B | 7.8B | 8.2B | |
Capital Surpluse | 27M | 50M | 59M | 73M | 84.0M | 88.1M | |
Non Current Liabilities Other | 28M | 23M | 40M | 75M | 54M | 40.0M | |
Cash And Equivalents | 244M | 262M | 284M | 653M | 751.0M | 788.5M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parkland Fuel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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