Altus Accounts Payable vs Retained Earnings Analysis
AIF Stock | CAD 46.98 0.20 0.43% |
Altus Group financial indicator trend analysis is way more than just evaluating Altus Group Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altus Group Limited is a good investment. Please check the relationship between Altus Group Accounts Payable and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altus Group Limited. 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 Retained Earnings
Accounts Payable vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altus Group Limited Accounts Payable account and Retained Earnings. At this time, the significance of the direction appears to have no relationship.
The correlation between Altus Group's Accounts Payable and Retained Earnings is 0.07. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Altus Group Limited, assuming nothing else is changed. The correlation between historical values of Altus Group's Accounts Payable and Retained Earnings 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 Altus Group Limited are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Accounts Payable i.e., Altus Group's Accounts Payable and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.07 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Altus Group 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 Altus Group Limited 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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Altus Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altus Group Limited 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Altus Group Limited. 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, Altus Group's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 1st of June 2024, Enterprise Value Over EBITDA is likely to grow to 21.20, while Selling General Administrative is likely to drop about 291.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 578.8M | 683.4M | 785.9M | 825.2M | Total Revenue | 625.4M | 735.5M | 772.8M | 390.5M |
Altus Group fundamental ratios Correlations
Click cells to compare fundamentals
Altus Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Altus Group fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 735.1M | 735.4M | 1.2B | 1.3B | 1.2B | 1.3B | |
Short Long Term Debt Total | 214.2M | 186.0M | 358.1M | 378.1M | 434.9M | 456.6M | |
Other Current Liab | 168.6M | 183.1M | 112.3M | 127.6M | 146.7M | 154.1M | |
Total Current Liabilities | 283.6M | 153.2M | 209.9M | 239.9M | 218.3M | 229.2M | |
Total Stockholder Equity | 359.7M | 383.4M | 589.5M | 599.9M | 602.5M | 632.7M | |
Net Debt | 154.0M | 116.4M | 306.8M | 322.9M | 265.6M | 278.8M | |
Retained Earnings | (214.7M) | (217.6M) | (217.4M) | (243.6M) | (259.3M) | (246.4M) | |
Cash | 60.3M | 69.6M | 51.3M | 55.3M | 41.9M | 25.6M | |
Non Current Assets Total | 489.1M | 466.8M | 915.5M | 944.0M | 912.1M | 957.7M | |
Non Currrent Assets Other | 19.3M | 20.3M | 18.5M | 25.5M | 22.9M | 11.6M | |
Cash And Short Term Investments | 60.3M | 69.6M | 51.3M | 55.3M | 63.6M | 66.7M | |
Net Receivables | 184.4M | 196.5M | 226.6M | 262.9M | 250.5M | 263.0M | |
Common Stock Total Equity | 479.2M | 491.5M | 509.6M | 529.9M | 609.3M | 316.7M | |
Common Stock Shares Outstanding | 38.8M | 40.1M | 41.2M | 42.9M | 45.5M | 30.4M | |
Liabilities And Stockholders Equity | 735.1M | 735.4M | 1.2B | 1.3B | 1.5B | 1.5B | |
Non Current Liabilities Total | 91.9M | 198.8M | 399.9M | 424.2M | 393.9M | 413.6M | |
Total Liab | 375.5M | 352.0M | 609.8M | 664.0M | 612.2M | 642.8M | |
Total Current Assets | 246.1M | 268.6M | 283.7M | 319.9M | 302.6M | 317.7M | |
Common Stock | 509.6M | 529.9M | 726.3M | 747.7M | 859.8M | 902.8M | |
Other Stockholder Equity | 24.4M | 30.4M | 42.1M | 48.6M | 43.7M | 67.2M | |
Short Term Debt | 150.5M | 11.7M | 13.9M | 14.9M | 17.1M | 19.2M | |
Property Plant And Equipment Net | 92.8M | 72.1M | 81.6M | 60.5M | 45.1M | 37.0M | |
Accounts Payable | 9.9M | 7.6M | 10.6M | 7.3M | 17.5M | 15.3M | |
Other Current Assets | 1.4M | 2.5M | 5.9M | 1.7M | 1.9M | 1.9M | |
Property Plant And Equipment Gross | 92.8M | 72.1M | 147.4M | 152.9M | 150.0M | 157.5M | |
Accumulated Other Comprehensive Income | 40.2M | 40.8M | 38.4M | 47.2M | 54.2M | 57.0M | |
Intangible Assets | 92.6M | 77.9M | 286.7M | 292.8M | 270.6M | 284.2M | |
Good Will | 260.4M | 261.1M | 467.3M | 497.6M | 510.0M | 274.3M | |
Other Liab | 28.1M | 24.5M | 55.8M | 60.9M | 70.0M | 40.7M | |
Net Tangible Assets | 6.7M | 44.5M | (164.5M) | (190.5M) | (171.5M) | (162.9M) | |
Current Deferred Revenue | 38.9M | 42.4M | 73.0M | 90.1M | 103.6M | 108.8M | |
Other Assets | 31.8M | 30.1M | 42.6M | 47.4M | 54.5M | 30.9M | |
Long Term Debt | 334K | 122.4M | 286.9M | 317.8M | 307.5M | 176.1M | |
Long Term Investments | 11.5M | 25.7M | 37.3M | 38.8M | 37.2M | 33.2M | |
Property Plant Equipment | 92.8M | 72.1M | 81.6M | 60.5M | 69.5M | 51.6M | |
Long Term Debt Total | 63.8M | 174.3M | 344.1M | 363.3M | 417.8M | 438.7M | |
Capital Surpluse | 24.4M | 30.4M | 42.4M | 48.6M | 55.9M | 30.1M |
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Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altus Group Limited. 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. Note that the Altus Group Limited information on this page should be used as a complementary analysis to other Altus Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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