Visa Tax Assets vs Current Assets Analysis

Tax Assets vs Current Assets

Accounts Relationship

Tax Assets vs Current Assets

Significance: Fragmental Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Visa Tax Assets account and Current Assets

Correlation Coefficient

0.55
Relationship DirectionPositive 
Relationship StrengthWeak

Tax Assets

A component of Total Assets representing tax assets and receivables.

Current Assets

Current assets of Visa include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Visa. The current portion of Total Assets, reported if a company operates a classified balance sheet that segments current and non-current assets.

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