Algonquin Accounts Payable vs Other Current Assets Analysis
AQN Stock | USD 6.73 0.06 0.90% |
Algonquin Power financial indicator trend analysis is way more than just evaluating Algonquin Power Utilities prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algonquin Power Utilities is a good investment. Please check the relationship between Algonquin Power Accounts Payable and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.
Accounts Payable vs Other Current Assets
Accounts Payable vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algonquin Power Utilities Accounts Payable account and Other Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Algonquin Power's Accounts Payable and Other Current Assets is 0.82. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Algonquin Power Utilities, assuming nothing else is changed. The correlation between historical values of Algonquin Power's Accounts Payable and Other Current Assets 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 Algonquin Power Utilities are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Accounts Payable i.e., Algonquin Power's Accounts Payable and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Algonquin Power 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 Algonquin Power Utilities 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.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Algonquin Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algonquin Power Utilities 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 Algonquin Power Utilities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. At this time, Algonquin Power's Selling General Administrative is very stable compared to the past year. As of the 17th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, though Tax Provision is likely to grow to (82 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.6B | 1.9B | 588.7M | 480.0M | Total Revenue | 2.3B | 2.8B | 2.7B | 2.9B |
Algonquin Power fundamental ratios Correlations
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Algonquin Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Algonquin Power fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 10.9B | 13.2B | 16.8B | 17.6B | 18.3B | 19.2B | |
Short Long Term Debt Total | 3.9B | 4.5B | 6.2B | 7.5B | 8.5B | 8.9B | |
Other Current Liab | 114.8M | 160.9M | 279.7M | 925.1M | 774.0M | 812.7M | |
Total Current Liabilities | 872.1M | 955.2M | 1.4B | 1.5B | 1.7B | 1.8B | |
Total Stockholder Equity | 3.9B | 5.2B | 5.9B | 5.2B | 5.0B | 5.3B | |
Property Plant And Equipment Net | 7.2B | 8.2B | 11.0B | 11.9B | 12.5B | 13.1B | |
Net Debt | 3.9B | 4.4B | 6.1B | 7.5B | 8.4B | 8.9B | |
Retained Earnings | (367.1M) | 45.8M | (288.4M) | (997.9M) | (1.3B) | (1.2B) | |
Cash | 62.5M | 101.6M | 125.2M | 57.6M | 55.9M | 38.7M | |
Non Current Assets Total | 10.4B | 12.5B | 15.8B | 16.5B | 17.2B | 18.1B | |
Non Currrent Assets Other | 640.6M | 912.8M | 1.2B | 1.3B | 1.4B | 1.4B | |
Other Assets | 671.2M | 931.8M | 1.2B | 1.4B | 1.6B | 1.6B | |
Cash And Short Term Investments | 62.5M | 101.6M | 125.2M | 57.6M | 55.9M | 39.3M | |
Net Receivables | 259.1M | 325.6M | 403.4M | 528.1M | 521.5M | 547.6M | |
Common Stock Total Equity | 3.0B | 3.6B | 4.0B | 4.9B | 5.7B | 6.0B | |
Common Stock Shares Outstanding | 504.7M | 564.4M | 628.9M | 677.9M | 690.8M | 725.3M | |
Liabilities And Stockholders Equity | 10.9B | 13.2B | 16.8B | 17.6B | 18.3B | 19.2B | |
Non Current Liabilities Total | 5.3B | 6.3B | 7.7B | 8.9B | 9.7B | 10.2B | |
Inventory | 91.1M | 134.6M | 177.8M | 224.9M | 226.0M | 237.3M | |
Other Current Assets | 58.0M | 70.3M | 174.4M | 213.0M | 257.6M | 270.4M | |
Total Liab | 6.2B | 7.2B | 9.1B | 10.5B | 11.4B | 11.9B | |
Property Plant And Equipment Gross | 7.2B | 8.2B | 12.6B | 14.0B | 14.9B | 15.6B | |
Total Current Assets | 513.2M | 695.0M | 938.7M | 1.1B | 1.1B | 1.1B | |
Common Stock | 4.0B | 4.9B | 6.0B | 6.2B | 6.2B | 6.5B | |
Current Deferred Revenue | 381.9M | 462.3M | 543.3M | 74.5M | 85.7M | 141.3M | |
Accounts Payable | 150.3M | 192.2M | 185.3M | 186.1M | 209.3M | 219.8M | |
Other Stockholder Equity | 50.6M | 60.7M | 2.0M | 9.4M | 7.2M | 6.9M | |
Accumulated Other Comprehensive Income | (9.8M) | (22.5M) | (71.7M) | (160.1M) | (101.8M) | (96.7M) | |
Short Term Debt | 225.0M | 139.9M | 356.4M | 423.3M | 618.7M | 649.6M | |
Other Liab | 1.6B | 1.8B | 1.8B | 1.8B | 2.0B | 2.1B | |
Net Tangible Assets | 2.6B | 3.7B | 4.4B | 3.6B | 4.2B | 4.4B | |
Long Term Debt | 3.7B | 4.4B | 5.9B | 7.1B | 7.9B | 8.3B | |
Good Will | 1.0B | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B | |
Deferred Long Term Liab | 509.7M | 782.4M | 1.0B | 1.1B | 1.2B | 1.3B | |
Long Term Investments | 1.4B | 2.1B | 2.3B | 1.8B | 1.6B | 1.7B | |
Short Long Term Debt | 225.0M | 139.9M | 356.4M | 423.3M | 621.9M | 652.9M | |
Intangible Assets | 47.6M | 114.9M | 105.1M | 96.7M | 93.9M | 74.1M | |
Property Plant Equipment | 7.2B | 8.2B | 11.0B | 11.9B | 13.7B | 14.4B |
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Is Algonquin Power's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.998 | Dividend Share 0.434 | Earnings Share (0.49) | Revenue Per Share 3.854 | Quarterly Revenue Growth (0.05) |
The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.