Ryder System Accounts Payable vs Investments Non Current Analysis

R -- USA Stock  

Fiscal Quarter End: December 31, 2019  

Ryder System financial indicator trend analysis is much more than just breaking down Ryder System prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ryder System is a good investment. Please check the relationship between Ryder System Accounts Payable and its Investments Non Current accounts. Additionally take a look at Your Equity Center.

Accounts Payable vs Investments Non Current

Accounts Relationship

Accounts Payable vs Investments Non Current

Significance: Fragmental Relationship

Accounts Payable diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Ryder System Accounts Payable account and Investments Non Current

Correlation Coefficient

0.48
Relationship DirectionPositive 
Relationship StrengthWeak

Accounts Payable

An accounting item on the balance sheet that represents Ryder System 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 Ryder System 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.

Investments Non Current

The non-current portion of [Investments]; reported if the company operates a classified balance sheet that segments current and non-current assets.
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