Visa Total Assets vs Tax Liabilities Analysis

Total Assets vs Tax Liabilities

Accounts Relationship

Total Assets vs Tax Liabilities

Significance: Strong Relationship

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

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Assets

Total assets refers to the total amount of Visa assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Visa books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents, Investments,Goodwill and Intangible Assets, Property Plant and Equipment Net,Tax Assets and Trade and Non Trade Receivables.

Tax Liabilities

A component of Total Liabilities representing outstanding tax liabilities.

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