Allied Accounts Payable vs Other Current Liab Analysis

AP-UN Stock  CAD 17.05  0.15  0.87%   
Allied Properties financial indicator trend analysis is way more than just evaluating Allied Properties Real prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allied Properties Real is a good investment. Please check the relationship between Allied Properties Accounts Payable and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allied Properties Real. 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 Other Current Liab

Accounts Payable vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allied Properties Real Accounts Payable account and Other Current Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Allied Properties' Accounts Payable and Other Current Liab is 0.92. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Allied Properties Real, assuming nothing else is changed. The correlation between historical values of Allied Properties' Accounts Payable and Other Current Liab 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 Allied Properties Real are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Accounts Payable i.e., Allied Properties' Accounts Payable and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Accounts Payable

An accounting item on the balance sheet that represents Allied Properties 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 Allied Properties Real 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 Liab

Most indicators from Allied Properties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allied Properties Real 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 Allied Properties Real. 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.
Selling General Administrative is likely to drop to about 12.7 M in 2024. Discontinued Operations is likely to drop to about 147.4 M in 2024
 2021 2022 2023 2024 (projected)
Gross Profit329.4M295.2M317.0M186.1M
Total Revenue568.9M519.5M564.0M325.1M

Allied Properties fundamental ratios Correlations

0.950.770.820.99-0.230.980.920.521.00.470.180.870.990.98-0.230.70.530.87-0.370.470.68-0.580.90.920.92
0.950.910.930.9-0.210.950.970.60.940.180.020.730.970.98-0.210.690.720.68-0.310.330.84-0.610.780.820.83
0.770.910.940.71-0.030.760.920.740.75-0.180.010.460.790.84-0.030.650.820.4-0.20.110.96-0.450.610.650.68
0.820.930.940.74-0.210.850.920.580.79-0.01-0.080.580.850.9-0.210.770.910.49-0.260.350.94-0.580.610.650.67
0.990.90.710.74-0.220.940.890.530.990.520.270.890.960.95-0.220.630.420.9-0.390.440.59-0.570.920.940.93
-0.23-0.21-0.03-0.21-0.22-0.27-0.2-0.07-0.24-0.26-0.12-0.41-0.24-0.241.0-0.03-0.24-0.150.0-0.080.010.88-0.05-0.05-0.02
0.980.950.760.850.94-0.270.90.40.970.460.020.850.990.99-0.270.750.60.84-0.350.540.7-0.60.830.860.86
0.920.970.920.920.89-0.20.90.690.910.140.140.70.930.95-0.20.710.690.65-0.270.30.86-0.60.770.810.82
0.520.60.740.580.53-0.070.40.690.53-0.280.570.270.490.52-0.070.250.440.2-0.1-0.280.63-0.420.460.50.5
1.00.940.750.790.99-0.240.970.910.530.470.190.880.980.97-0.240.630.490.87-0.380.410.64-0.60.90.920.92
0.470.18-0.18-0.010.52-0.260.460.14-0.280.470.260.70.420.34-0.260.31-0.290.8-0.260.67-0.23-0.20.530.50.47
0.180.020.01-0.080.27-0.120.020.140.570.190.260.240.080.05-0.120.02-0.280.27-0.03-0.09-0.08-0.150.290.290.25
0.870.730.460.580.89-0.410.850.70.270.880.70.240.840.81-0.410.560.280.93-0.380.550.37-0.640.90.890.88
0.990.970.790.850.96-0.240.990.930.490.980.420.080.841.0-0.240.710.570.83-0.340.460.72-0.590.860.880.89
0.980.980.840.90.95-0.240.990.950.520.970.340.050.811.0-0.240.740.650.79-0.340.450.78-0.60.830.860.87
-0.23-0.21-0.03-0.21-0.221.0-0.27-0.2-0.07-0.24-0.26-0.12-0.41-0.24-0.24-0.03-0.24-0.150.0-0.080.010.88-0.05-0.05-0.02
0.70.690.650.770.63-0.030.750.710.250.630.310.020.560.710.74-0.030.630.61-0.160.760.76-0.260.570.590.62
0.530.720.820.910.42-0.240.60.690.440.49-0.29-0.280.280.570.65-0.240.630.14-0.180.210.88-0.50.280.320.34
0.870.680.40.490.9-0.150.840.650.20.870.80.270.930.830.79-0.150.610.14-0.390.650.31-0.380.920.910.9
-0.37-0.31-0.2-0.26-0.390.0-0.35-0.27-0.1-0.38-0.26-0.03-0.38-0.34-0.340.0-0.16-0.18-0.39-0.19-0.140.11-0.32-0.33-0.3
0.470.330.110.350.44-0.080.540.3-0.280.410.67-0.090.550.460.45-0.080.760.210.65-0.190.22-0.110.420.410.42
0.680.840.960.940.590.010.70.860.630.64-0.23-0.080.370.720.780.010.760.880.31-0.140.22-0.370.50.540.58
-0.58-0.61-0.45-0.58-0.570.88-0.6-0.6-0.42-0.6-0.2-0.15-0.64-0.59-0.60.88-0.26-0.5-0.380.11-0.11-0.37-0.41-0.42-0.41
0.90.780.610.610.92-0.050.830.770.460.90.530.290.90.860.83-0.050.570.280.92-0.320.420.5-0.411.00.99
0.920.820.650.650.94-0.050.860.810.50.920.50.290.890.880.86-0.050.590.320.91-0.330.410.54-0.421.01.0
0.920.830.680.670.93-0.020.860.820.50.920.470.250.880.890.87-0.020.620.340.9-0.30.420.58-0.410.991.0
Click cells to compare fundamentals

Allied Properties Account Relationship Matchups

Allied Properties fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.3B9.4B10.4B11.9B10.6B11.1B
Short Long Term Debt Total2.3B2.9B3.6B4.3B4.9B5.1B
Other Current Liab53.6M67.3M41.6M150.9M238.3M250.2M
Total Current Liabilities276.9M304.8M339.6M825.0M864.4M907.6M
Total Stockholder Equity5.7B6.2B6.4B6.6B6.1B6.4B
Property Plant And Equipment Net22.9M22.2M28.2M23.8M24.7M23.4M
Net Debt2.1B2.8B3.6B4.2B3.4B3.6B
Accounts Payable157.0M169.4M180.4M245.7M283.3M297.5M
Cash208.9M45.5M22.5M21.0M211.1M221.6M
Non Current Assets Total8.0B9.3B10.1B10.1B10.0B10.5B
Non Currrent Assets Other8.0B9.3B10.0B10.1B209.8M199.3M
Cash And Short Term Investments208.9M45.5M22.5M21.0M24.1M29.5M
Common Stock Shares Outstanding112.7M124.5M127.5M136.9M128.0M72.9M
Liabilities And Stockholders Equity8.3B9.4B10.4B11.9B13.7B14.4B
Non Current Liabilities Total2.3B2.9B3.6B4.0B3.6B3.8B
Total Liab2.6B3.2B4.0B4.8B4.5B4.7B
Property Plant And Equipment Gross22.9M22.2M28.2M23.8M24.7M23.4M
Total Current Assets342.7M110.1M310.2M1.8B633.7M665.4M
Short Term Debt29.2M26.7M36.1M346.9M399.0M418.9M
Retained Earnings2.0B2.3B2.5B2.6B1.6B997.4M
Other Stockholder Equity22.3M27.0M31.2M34.8M31.4M29.8M
Net Receivables73.4M35.6M176.2M420.2M17.1M16.2M
Other Current Assets60.4M28.9M25.2M1.4B1.6B1.7B
Common Stock Total Equity2.4B2.8B3.7B3.9B4.5B2.6B
Common Stock3.7B3.9B3.9B3.9B4.5B2.9B
Net Tangible Assets5.7B6.2B6.4B6.6B7.6B4.7B
Other Assets375.5M575.9M507.7M361.3M415.5M298.6M
Long Term Debt2.1B2.7B3.4B3.9B3.5B2.5B
Long Term Investments95.6M117.1M124.8M7.1M8.9M8.4M
Short Long Term Debt29.2M26.7M36.1M346.9M149.2M196.8M
Property Plant Equipment7.5B8.7B9.6B9.7B11.1B7.0B
Current Deferred Revenue63.8M75.1M81.5M81.5M93.7M65.6M
Capital Lease Obligations155.2M157.1M157.6M50.9M50.6M48.1M
Net Invested Capital7.9B8.9B9.9B10.8B9.8B9.3B
Net Working Capital313.2M127.8M194.0M987.8M(230.7M)(219.2M)
Capital Stock3.7B3.9B3.9B3.9B4.5B4.2B

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Please note, there is a significant difference between Allied Properties' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allied Properties is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allied Properties' 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.