Ryder System Accounts Payable vs Trade and Non Trade Payables 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 Trade and Non Trade Payables accounts. Additionally take a look at Your Equity Center.

Accounts Payable vs Trade and Non Trade Payables

Accounts Relationship

Accounts Payable vs Trade and Non Trade Payables

Significance: Weak 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 Trade and Non Trade Payables

Correlation Coefficient

0.38
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Trade and Non Trade Payables

A component of [Liabilities] representing trade and non-trade payables.
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