Microchip Accounts Payable vs Cash And Short Term Investments Analysis

MCHP Stock

USD 95.62 1.61 1.66%

Microchip Technology financial indicator trend analysis is infinitely more than just investigating Microchip Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Microchip Technology is a good investment. Please check the relationship between Microchip Technology Accounts Payable and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microchip Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Microchip Stock, please use our How to Invest in Microchip Technology guide.

Accounts Payable vs Cash And Short Term Investments

Accounts Payable vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Microchip Technology Accounts Payable account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Microchip Technology's Accounts Payable and Cash And Short Term Investments is -0.45. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Microchip Technology, assuming nothing else is changed. The correlation between historical values of Microchip Technology's Accounts Payable and Cash And Short Term Investments 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 Microchip Technology are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Accounts Payable i.e., Microchip Technology's Accounts Payable and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.45

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Microchip Technology 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 Microchip Technology 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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Microchip Technology balance sheet. This account contains Microchip Technology investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Microchip Technology fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Microchip Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Microchip Technology 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microchip Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Microchip Stock, please use our How to Invest in Microchip Technology guide.At this time, Microchip Technology's Selling General Administrative is relatively stable compared to the past year. As of 06/04/2024, Tax Provision is likely to grow to about 481.9 M, while Enterprise Value Over EBITDA is likely to drop 13.06.

	2021	2022	2023	2024 (projected)
Gross Profit	4.4B	5.7B	4.3B	4.5B
Total Revenue	6.8B	8.4B	7.6B	8.0B

Gross Profit Total Revenue

Microchip Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Current Deferred Revenue	Common Stock Total Equity	Property Plant And Equipment Gross	Common Stock
Total Assets		0.97	0.94	0.89	0.96	0.87	0.96	0.82	0.72	-0.3	0.99	0.76	-0.6	0.96	0.8	0.97	0.84	-0.17	0.42	0.99	0.3	0.21	-0.15	0.67	0.61	0.67
Short Long Term Debt Total	0.97		0.85	0.79	0.86	0.72	0.99	0.66	0.67	-0.28	0.98	0.8	-0.59	0.86	0.72	1.0	0.68	-0.21	0.55	0.99	0.22	0.24	-0.27	0.49	0.46	0.49
Other Current Liab	0.94	0.85		0.9	0.97	0.89	0.86	0.93	0.73	-0.41	0.93	0.61	-0.7	0.98	0.72	0.85	0.94	-0.12	0.15	0.9	0.23	0.12	-0.19	0.82	0.72	0.82
Total Current Liabilities	0.89	0.79	0.9		0.9	0.87	0.8	0.83	0.63	-0.32	0.86	0.68	-0.53	0.93	0.71	0.76	0.89	-0.16	0.24	0.85	0.35	0.3	0.05	0.66	0.56	0.66
Total Stockholder Equity	0.96	0.86	0.97	0.9		0.95	0.86	0.93	0.71	-0.29	0.94	0.66	-0.57	0.99	0.82	0.87	0.94	-0.1	0.23	0.91	0.36	0.15	-0.02	0.82	0.74	0.82
Property Plant And Equipment Net	0.87	0.72	0.89	0.87	0.95		0.71	0.95	0.57	-0.15	0.82	0.6	-0.38	0.92	0.81	0.73	0.96	-0.06	0.07	0.8	0.47	0.24	0.17	0.85	0.78	0.85
Net Debt	0.96	0.99	0.86	0.8	0.86	0.71		0.67	0.68	-0.39	0.98	0.8	-0.67	0.86	0.69	0.99	0.69	-0.19	0.52	0.99	0.14	0.16	-0.32	0.5	0.48	0.5
Retained Earnings	0.82	0.66	0.93	0.83	0.93	0.95	0.67		0.55	-0.31	0.79	0.55	-0.57	0.91	0.66	0.67	0.98	-0.04	-0.15	0.74	0.26	0.13	-0.02	0.91	0.85	0.91
Accounts Payable	0.72	0.67	0.73	0.63	0.71	0.57	0.68	0.55		-0.36	0.71	0.24	-0.45	0.74	0.79	0.68	0.59	0.01	0.45	0.7	0.42	0.0	-0.21	0.56	0.29	0.56
Cash	-0.3	-0.28	-0.41	-0.32	-0.29	-0.15	-0.39	-0.31	-0.36		-0.36	-0.28	0.79	-0.34	-0.01	-0.26	-0.3	-0.04	0.03	-0.29	0.47	0.52	0.46	-0.24	-0.25	-0.24
Non Current Assets Total	0.99	0.98	0.93	0.86	0.94	0.82	0.98	0.79	0.71	-0.36		0.77	-0.67	0.94	0.74	0.97	0.81	-0.17	0.43	0.99	0.21	0.15	-0.23	0.63	0.59	0.63
Non Currrent Assets Other	0.76	0.8	0.61	0.68	0.66	0.6	0.8	0.55	0.24	-0.28	0.77		-0.5	0.62	0.42	0.77	0.52	-0.11	0.32	0.78	0.0	0.2	-0.16	0.24	0.39	0.24
Cash And Short Term Investments	-0.6	-0.59	-0.7	-0.53	-0.57	-0.38	-0.67	-0.57	-0.45	0.79	-0.67	-0.5		-0.61	-0.14	-0.58	-0.55	0.08	-0.03	-0.6	0.47	0.34	0.56	-0.45	-0.47	-0.45
Net Receivables	0.96	0.86	0.98	0.93	0.99	0.92	0.86	0.91	0.74	-0.34	0.94	0.62	-0.61		0.8	0.86	0.94	-0.16	0.24	0.91	0.33	0.18	-0.06	0.82	0.71	0.82
Common Stock Shares Outstanding	0.8	0.72	0.72	0.71	0.82	0.81	0.69	0.66	0.79	-0.01	0.74	0.42	-0.14	0.8		0.73	0.69	-0.06	0.47	0.76	0.74	0.3	0.22	0.65	0.48	0.65
Non Current Liabilities Total	0.97	1.0	0.85	0.76	0.87	0.73	0.99	0.67	0.68	-0.26	0.97	0.77	-0.58	0.86	0.73		0.69	-0.2	0.55	0.99	0.23	0.2	-0.27	0.52	0.49	0.52
Inventory	0.84	0.68	0.94	0.89	0.94	0.96	0.69	0.98	0.59	-0.3	0.81	0.52	-0.55	0.94	0.69	0.69		-0.11	-0.06	0.77	0.32	0.16	0.06	0.89	0.8	0.89
Other Current Assets	-0.17	-0.21	-0.12	-0.16	-0.1	-0.06	-0.19	-0.04	0.01	-0.04	-0.17	-0.11	0.08	-0.16	-0.06	-0.2	-0.11		-0.14	-0.2	-0.04	-0.28	-0.14	-0.04	-0.06	-0.04
Other Stockholder Equity	0.42	0.55	0.15	0.24	0.23	0.07	0.52	-0.15	0.45	0.03	0.43	0.32	-0.03	0.24	0.47	0.55	-0.06	-0.14		0.5	0.25	0.05	-0.01	-0.18	-0.23	-0.18
Total Liab	0.99	0.99	0.9	0.85	0.91	0.8	0.99	0.74	0.7	-0.29	0.99	0.78	-0.6	0.91	0.76	0.99	0.77	-0.2	0.5		0.27	0.23	-0.21	0.57	0.53	0.57
Total Current Assets	0.3	0.22	0.23	0.35	0.36	0.47	0.14	0.26	0.42	0.47	0.21	0.0	0.47	0.33	0.74	0.23	0.32	-0.04	0.25	0.27		0.58	0.59	0.3	0.12	0.3
Short Term Debt	0.21	0.24	0.12	0.3	0.15	0.24	0.16	0.13	0.0	0.52	0.15	0.2	0.34	0.18	0.3	0.2	0.16	-0.28	0.05	0.23	0.58		0.2	0.0	-0.09	0.0
Current Deferred Revenue	-0.15	-0.27	-0.19	0.05	-0.02	0.17	-0.32	-0.02	-0.21	0.46	-0.23	-0.16	0.56	-0.06	0.22	-0.27	0.06	-0.14	-0.01	-0.21	0.59	0.2		0.06	0.06	0.06
Common Stock Total Equity	0.67	0.49	0.82	0.66	0.82	0.85	0.5	0.91	0.56	-0.24	0.63	0.24	-0.45	0.82	0.65	0.52	0.89	-0.04	-0.18	0.57	0.3	0.0	0.06		0.91	1.0
Property Plant And Equipment Gross	0.61	0.46	0.72	0.56	0.74	0.78	0.48	0.85	0.29	-0.25	0.59	0.39	-0.47	0.71	0.48	0.49	0.8	-0.06	-0.23	0.53	0.12	-0.09	0.06	0.91		0.91
Common Stock	0.67	0.49	0.82	0.66	0.82	0.85	0.5	0.91	0.56	-0.24	0.63	0.24	-0.45	0.82	0.65	0.52	0.89	-0.04	-0.18	0.57	0.3	0.0	0.06	1.0	0.91

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Microchip Technology Account Relationship Matchups

Microchip Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.4B	16.5B	16.2B	16.4B	15.9B	16.7B
Short Long Term Debt Total	9.5B	8.9B	7.7B	6.4B	6.2B	6.5B
Other Current Liab	781.8M	794.3M	947.3M	1.2B	1.0B	1.1B
Total Current Liabilities	1.6B	2.4B	1.4B	3.1B	2.5B	2.6B
Total Stockholder Equity	5.6B	5.3B	5.9B	6.5B	6.7B	7.0B
Property Plant And Equipment Net	876.1M	854.7M	967.9M	1.2B	1.4B	1.4B
Net Debt	9.1B	8.6B	7.4B	6.2B	5.8B	6.1B
Retained Earnings	3.4B	3.4B	4.2B	5.8B	6.8B	7.1B
Accounts Payable	246.8M	292.4M	344.7M	396.9M	213M	123.0M
Cash	401M	280M	317.4M	234M	319.7M	413.5M
Non Current Assets Total	15.2B	14.3B	13.7B	13.3B	12.9B	13.5B
Non Currrent Assets Other	14.3B	13.5B	265.2M	457.2M	11.5B	12.1B
Cash And Short Term Investments	403M	282M	319.4M	234M	319.7M	303.7M
Net Receivables	934M	997.7M	1.1B	1.3B	1.1B	1.2B
Common Stock Shares Outstanding	512.4M	541.2M	565.9M	557.3M	548M	469.3M
Liabilities And Stockholders Equity	17.4B	16.5B	16.2B	16.4B	15.9B	16.7B
Non Current Liabilities Total	10.2B	8.7B	8.9B	6.7B	6.7B	7.0B
Inventory	685.7M	665M	854.4M	1.3B	1.3B	1.4B
Other Current Assets	194.5M	200.5M	206.2M	205.1M	233.6M	232.5M
Other Stockholder Equity	2.2B	2.0B	1.7B	753.1M	(98.7M)	(93.8M)
Total Liab	11.8B	11.1B	10.3B	9.9B	9.2B	9.7B
Total Current Assets	2.2B	2.1B	2.5B	3.1B	3.0B	1.6B
Short Term Debt	608.8M	1.3B	33.8M	1.4B	1.0B	538.0M
Property Plant And Equipment Gross	995.6M	1.0B	3.6B	1.2B	4.0B	4.2B
Accumulated Other Comprehensive Income	(21.6M)	(26.2M)	(20.6M)	(4.1M)	(3.5M)	(3.7M)
Other Liab	1.2B	1.2B	1.2B	1.6B	1.8B	1.9B
Other Assets	1.8B	13.5B	12.8B	1.9B	2.2B	1.5B
Treasury Stock	(500.6M)	(433.8M)	(796.3M)	(1.7B)	(1.5B)	(1.4B)
Property Plant Equipment	876.1M	854.7M	967.9M	1.2B	1.4B	757.0M
Good Will	6.7B	6.7B	6.7B	6.7B	6.7B	7.0B
Short Term Investments	1.3B	2.3M	2M	0.0	639.4M	429.7M
Intangible Assets	5.7B	4.8B	4.0B	3.4B	2.8B	1.7B
Long Term Debt	8.9B	7.6B	7.7B	5.0B	5.0B	3.7B
Net Tangible Assets	(6.8B)	(6.1B)	5.9B	(160M)	(144M)	(151.2M)
Retained Earnings Total Equity	3.4B	3.4B	4.2B	5.8B	6.6B	7.0B
Long Term Debt Total	8.9B	7.6B	7.7B	5.0B	5.8B	3.9B

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Microchip Accounts Payable vs Cash And Short Term Investments Analysis

Accounts Payable vs Cash And Short Term Investments

Accounts Payable vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Accounts Payable

Cash And Short Term Investments

Microchip Technology fundamental ratios Correlations

Microchip Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Microchip Technology fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Microchip Stock Analysis

COMMON DESTINATIONS

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COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total

Cash And Short Term Investments	- 0.7	Other Current Liab
Cash And Short Term Investments	- 0.67	Non Current Assets Total
Cash And Short Term Investments	- 0.67	Net Debt
Net Receivables	- 0.61	Cash And Short Term Investments
Total Liab	- 0.6	Cash And Short Term Investments
Cash And Short Term Investments	- 0.6	Total Assets