Empire Intangible Assets vs Accounts Payable Analysis

OGCP Stock  USD 9.11  0.08  0.87%   
Empire State financial indicator trend analysis is much more than just examining Empire State Realty latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Empire State Realty is a good investment. Please check the relationship between Empire State Intangible Assets and its Accounts Payable accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Empire State Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Intangible Assets vs Accounts Payable

Intangible Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Empire State Realty Intangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between Empire State's Intangible Assets and Accounts Payable is 0.32. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Empire State Realty, assuming nothing else is changed. The correlation between historical values of Empire State's Intangible Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Empire State Realty are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Intangible Assets i.e., Empire State's Intangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Accounts Payable

An accounting item on the balance sheet that represents Empire State 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 Empire State Realty 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.
Most indicators from Empire State's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Empire State Realty 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 Empire State Realty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, Empire State's Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 06/17/2024, Enterprise Value Over EBITDA is likely to grow to 13.40, while Enterprise Value is likely to drop slightly above 2.1 B.
 2021 2022 2023 2024 (projected)
Interest Expense94.4M101.2M109.3M78.7M
Depreciation And Amortization210.2M221.8M189.9M142.2M

Empire State fundamental ratios Correlations

0.940.830.260.90.91-0.050.740.730.650.620.930.910.680.840.86-0.260.840.870.8-0.110.08-0.810.36-0.070.29
0.940.920.230.960.92-0.140.830.820.590.670.990.980.710.90.95-0.320.880.960.84-0.210.06-0.910.37-0.130.17
0.830.920.140.870.73-0.390.920.930.250.640.90.910.650.930.99-0.40.730.990.79-0.54-0.04-0.750.29-0.210.06
0.260.230.140.160.380.250.010.150.180.060.190.20.30.10.170.720.360.170.320.220.81-0.190.060.570.16
0.90.960.870.160.9-0.240.870.770.620.650.950.950.670.90.89-0.40.890.910.8-0.24-0.07-0.850.23-0.090.09
0.910.920.730.380.90.060.670.620.780.60.910.890.680.740.78-0.140.930.80.790.050.23-0.90.280.040.24
-0.05-0.14-0.390.25-0.240.06-0.54-0.420.32-0.13-0.09-0.14-0.24-0.42-0.310.55-0.12-0.3-0.290.760.53-0.1-0.010.330.47
0.740.830.920.010.870.67-0.540.830.230.660.810.830.60.90.9-0.560.730.910.74-0.61-0.23-0.640.06-0.13-0.09
0.730.820.930.150.770.62-0.420.830.180.330.840.840.40.830.93-0.320.570.930.58-0.50.03-0.710.25-0.20.16
0.650.590.250.180.620.780.320.230.180.290.590.560.430.360.33-0.130.660.360.460.550.08-0.690.280.080.32
0.620.670.640.060.650.6-0.130.660.330.290.580.610.870.670.63-0.390.710.630.85-0.37-0.17-0.460.21-0.13-0.19
0.930.990.90.190.950.91-0.090.810.840.590.580.980.60.870.94-0.310.830.950.75-0.170.07-0.940.34-0.140.25
0.910.980.910.20.950.89-0.140.830.840.560.610.980.630.920.94-0.330.840.950.77-0.220.05-0.90.34-0.130.15
0.680.710.650.30.670.68-0.240.60.40.430.870.60.630.70.64-0.280.770.650.97-0.23-0.05-0.490.44-0.1-0.18
0.840.90.930.10.90.74-0.420.90.830.360.670.870.920.70.92-0.480.770.920.83-0.45-0.15-0.70.34-0.2-0.05
0.860.950.990.170.890.78-0.310.90.930.330.630.940.940.640.92-0.370.751.00.78-0.460.0-0.810.31-0.20.12
-0.26-0.32-0.40.72-0.4-0.140.55-0.56-0.32-0.13-0.39-0.31-0.33-0.28-0.48-0.37-0.19-0.38-0.30.450.890.23-0.220.610.22
0.840.880.730.360.890.93-0.120.730.570.660.710.830.840.770.770.75-0.190.770.87-0.120.14-0.780.250.02-0.12
0.870.960.990.170.910.8-0.30.910.930.360.630.950.950.650.921.0-0.380.770.79-0.440.0-0.830.31-0.190.12
0.80.840.790.320.80.79-0.290.740.580.460.850.750.770.970.830.78-0.30.870.79-0.310.0-0.620.39-0.09-0.13
-0.11-0.21-0.540.22-0.240.050.76-0.61-0.50.55-0.37-0.17-0.22-0.23-0.45-0.460.45-0.12-0.44-0.310.37-0.040.070.390.41
0.080.06-0.040.81-0.070.230.53-0.230.030.08-0.170.070.05-0.05-0.150.00.890.140.00.00.37-0.14-0.140.610.3
-0.81-0.91-0.75-0.19-0.85-0.9-0.1-0.64-0.71-0.69-0.46-0.94-0.9-0.49-0.7-0.810.23-0.78-0.83-0.62-0.04-0.14-0.390.17-0.29
0.360.370.290.060.230.28-0.010.060.250.280.210.340.340.440.340.31-0.220.250.310.390.07-0.14-0.39-0.62-0.02
-0.07-0.13-0.210.57-0.090.040.33-0.13-0.20.08-0.13-0.14-0.13-0.1-0.2-0.20.610.02-0.19-0.090.390.610.17-0.620.21
0.290.170.060.160.090.240.47-0.090.160.32-0.190.250.15-0.18-0.050.120.22-0.120.12-0.130.410.3-0.29-0.020.21
Click cells to compare fundamentals

Empire State Account Relationship Matchups

Empire State fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding294.7M278.2M275.0M269.9M265.6M229.0M
Total Assets3.9B4.2B4.3B4.2B4.2B3.4B
Short Long Term Debt Total1.7B2.2B2.3B2.3B2.3B1.8B
Other Current Liab(3.9M)(4.1M)71.5M45.1M(31.0M)(29.5M)
Total Current Liabilities215.8M191.5M205.2M162.8M170.0M143.6M
Total Stockholder Equity1.9B1.7B1.7B1.7B985.5M1.3B
Current Deferred Revenue72.0M88.3M84.4M76.1M70.3M45.3M
Net Debt1.5B1.6B1.9B2.0B1.9B1.5B
Accounts Payable143.8M103.2M41.7M32.9M44.2M81.4M
Cash233.9M526.7M423.7M264.4M407.0M260.5M
Non Current Assets Total3.3B3.3B3.5B3.5B3.5B2.8B
Non Currrent Assets Other2.5B2.4B2.6B2.6B2.7B1.9B
Cash And Short Term Investments233.9M526.7M423.7M264.4M407.0M289.9M
Net Receivables246.4M244.0M243.6M264.3M295.5M178.8M
Liabilities And Stockholders Equity3.9B4.2B4.3B4.2B4.2B3.4B
Non Current Liabilities Total1.8B2.2B2.4B2.3B2.3B1.9B
Other Current Assets(518.0M)(812.0M)76.5M98.1M(702.4M)(667.3M)
Other Stockholder Equity1.9B1.8B1.8B1.8B1.0B1.3B
Total Liab2.0B2.4B2.6B2.5B2.5B2.0B
Total Current Assets583.4M889.2M794.8M712.6M702.4M581.6M
Accumulated Other Comprehensive Income(21.5M)(28.3M)(20.8M)7.0M6.0M6.3M
Retained Earnings15.8M(65.7M)(133.6M)(109.5M)(83.1M)(79.0M)
Property Plant And Equipment Gross29.3M29.1M28.9M28.7M28.4M27.0M
Short Term Debt3.9M4.1M7.7M8.6M86.5M90.9M
Intangible Assets352.6M344.7M336.9M329.1M321.2M303.1M
Common Stock1.8M1.7M1.7M1.6M1.6M1.7M
Other Liab111.7M120.0M109.3M93.9M84.5M88.3M
Net Tangible Assets1.1B895.1M1.2B817.1M939.7M1.0B
Other Assets229.1M3.1B4.8B189.8M(1.0)(0.95)
Long Term Debt1.7B2.1B2.3B2.2B2.2B2.1B
Deferred Long Term Liab228.2M88.3M84.4M187.6M168.8M187.8M
Property Plant Equipment2.3B2.2B2.4B2.4B2.8B2.4B
Capital Lease Obligations29.3M29.1M28.9M28.7M28.4M30.7M
Non Current Liabilities Other39.7M60.8M53.7M42.9M13.8M13.1M
Net Invested Capital3.6B3.9B2.3B2.2B4.0B2.7B

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Additional Tools for Empire Stock Analysis

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