Aehr Net Receivables vs Net Debt Analysis

AEHR Stock  USD 16.29  1.16  7.67%   
Aehr Test financial indicator trend analysis is way more than just evaluating Aehr Test Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aehr Test Systems is a good investment. Please check the relationship between Aehr Test Net Receivables and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aehr Test Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Net Receivables vs Net Debt

JavaScript chart by amCharts 3.21.152014201620182020202220241M2M3M4M5M6M7M8M9M10M11M12M13M14M15M16M17M -40M-35M-30M-25M-20M-15M-10M-5M05M
JavaScript chart by amCharts 3.21.15Net Receivablestotal: 70.8MNet Debttotal: -164.9M

Net Receivables vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aehr Test Systems Net Receivables account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
Net ReceivablesNet DebtDiversified AwayNet ReceivablesNet DebtDiversified Away100%
The correlation between Aehr Test's Net Receivables and Net Debt is -0.62. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Debt in the same time period over historical financial statements of Aehr Test Systems, assuming nothing else is changed. The correlation between historical values of Aehr Test's Net Receivables and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Aehr Test Systems are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Receivables i.e., Aehr Test's Net Receivables and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.62
Relationship DirectionNegative 
Relationship StrengthWeak

Net Receivables

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Aehr Test's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aehr Test Systems 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 Aehr Test Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
At this time, Aehr Test's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 12/26/2024, Enterprise Value Multiple is likely to grow to 26.50, though Tax Provision is likely to grow to (19.7 M).
 2021 2022 2023 2024 (projected)
Gross Profit23.7M32.7M32.5M34.2M
Total Revenue50.8M65.0M66.2M69.5M

Aehr Test fundamental ratios Correlations

0.290.780.461.00.95-0.950.450.80.970.920.170.970.650.760.570.980.250.840.530.960.99-0.12-0.210.70.19
0.290.320.430.230.39-0.150.020.350.250.260.120.30.150.30.630.270.280.260.70.330.290.160.070.390.32
0.780.320.720.750.79-0.630.70.890.660.670.610.720.750.40.340.780.630.450.650.750.790.1-0.280.310.69
0.460.430.720.410.46-0.390.320.790.410.20.460.520.790.30.120.380.630.30.860.330.530.380.090.220.77
1.00.230.750.410.94-0.960.450.760.970.930.150.960.620.770.540.980.220.850.460.960.98-0.13-0.240.70.14
0.950.390.790.460.94-0.820.420.830.860.890.140.910.640.740.650.950.20.810.580.970.94-0.14-0.270.670.31
-0.95-0.15-0.63-0.39-0.96-0.82-0.31-0.67-0.99-0.84-0.04-0.96-0.62-0.8-0.46-0.9-0.18-0.88-0.43-0.86-0.950.150.1-0.740.01
0.450.020.70.320.450.42-0.310.420.340.560.80.310.19-0.180.130.530.53-0.090.230.50.40.09-0.35-0.240.44
0.80.350.890.790.760.83-0.670.420.70.580.270.810.880.560.450.730.420.630.780.720.84-0.03-0.080.450.68
0.970.250.660.410.970.86-0.990.340.70.870.070.970.590.790.550.930.20.880.480.890.97-0.11-0.110.750.02
0.920.260.670.20.930.89-0.840.560.580.870.240.820.350.620.560.970.20.70.30.970.87-0.11-0.390.590.0
0.170.120.610.460.150.14-0.040.80.270.070.240.030.16-0.25-0.210.240.83-0.270.190.180.140.54-0.42-0.260.53
0.970.30.720.520.960.91-0.960.310.810.970.820.030.70.810.590.910.170.890.60.890.99-0.16-0.040.730.19
0.650.150.750.790.620.64-0.620.190.880.590.350.160.70.570.190.550.420.610.710.510.72-0.030.00.450.61
0.760.30.40.30.770.74-0.8-0.180.560.790.62-0.250.810.570.40.710.010.970.360.70.78-0.01-0.150.96-0.08
0.570.630.340.120.540.65-0.460.130.450.550.56-0.210.590.190.40.55-0.090.510.570.630.56-0.520.220.430.11
0.980.270.780.380.980.95-0.90.530.730.930.970.240.910.550.710.550.250.780.440.980.95-0.1-0.310.640.15
0.250.280.630.630.220.2-0.180.530.420.20.20.830.170.420.01-0.090.25-0.030.420.20.250.52-0.310.060.52
0.840.260.450.30.850.81-0.88-0.090.630.880.7-0.270.890.610.970.510.78-0.030.410.780.86-0.17-0.070.93-0.07
0.530.70.650.860.460.58-0.430.230.780.480.30.190.60.710.360.570.440.420.410.450.580.010.260.320.67
0.960.330.750.330.960.97-0.860.50.720.890.970.180.890.510.70.630.980.20.780.450.93-0.13-0.340.650.16
0.990.290.790.530.980.94-0.950.40.840.970.870.140.990.720.780.560.950.250.860.580.93-0.12-0.140.70.25
-0.120.160.10.38-0.13-0.140.150.09-0.03-0.11-0.110.54-0.16-0.03-0.01-0.52-0.10.52-0.170.01-0.13-0.12-0.420.020.16
-0.210.07-0.280.09-0.24-0.270.1-0.35-0.08-0.11-0.39-0.42-0.040.0-0.150.22-0.31-0.31-0.070.26-0.34-0.14-0.42-0.140.03
0.70.390.310.220.70.67-0.74-0.240.450.750.59-0.260.730.450.960.430.640.060.930.320.650.70.02-0.14-0.17
0.190.320.690.770.140.310.010.440.680.020.00.530.190.61-0.080.110.150.52-0.070.670.160.250.160.03-0.17
Click cells to compare fundamentals

Aehr Test Account Relationship Matchups

Aehr Test fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets20.6M21.7M62.3M98.1M127.9M134.3M
Other Current Liab1.4M1.4M2.7M4.8M4.1M4.4M
Total Current Liabilities3.9M9.1M11.0M16.3M10.5M7.0M
Total Stockholder Equity14.1M11.4M51.0M75.6M111.6M117.2M
Property Plant And Equipment Net2.8M2.3M2.1M8.9M9.0M9.4M
Net Debt(1.5M)241K(30.5M)(23.8M)(43.0M)(40.8M)
Retained Earnings(74.3M)(76.3M)(66.9M)(52.3M)(19.2M)(20.1M)
Accounts Payable945K2.9M4.2M9.2M5.3M5.6M
Cash5.4M4.6M31.5M30.1M49.2M51.6M
Non Current Assets Total2.9M2.5M2.3M9.1M30.1M31.6M
Non Currrent Assets Other73K118K121K81K304K288.8K
Cash And Short Term Investments5.4M4.6M31.5M47.9M49.2M51.6M
Net Receivables3.7M5.2M12.9M16.6M10.0M5.4M
Common Stock Shares Outstanding22.9M23.5M27.8M29.2M29.6M31.1M
Liabilities And Stockholders Equity20.6M21.7M62.3M98.1M127.9M134.3M
Non Current Liabilities Total2.7M1.2M325K6.2M5.8M6.1M
Inventory8.0M8.8M15.1M23.9M37.5M39.3M
Other Current Assets512K1.1M1.2M621K1.2M899.3K
Other Stockholder Equity85.9M87.6M117.7M127.8M130.6M137.1M
Total Liab6.5M10.2M11.3M22.5M16.3M8.6M
Property Plant And Equipment Gross2.8M2.3M2.1M8.9M14.0M14.7M
Total Current Assets17.7M19.2M60.0M89.0M97.8M102.7M
Accumulated Other Comprehensive Income2.2M(28K)(105K)(155K)(158K)(150.1K)
Current Deferred Revenue170K189K2.4M2.8M97K92.2K
Common Stock Total Equity221K227K231K237K272.6K286.2K
Common Stock231K237K271K285K289K147.2K
Other Liab22K148K113K72K64.8K61.6K
Other Assets153K198K201K231K207.9K380.5K
Property Plant Equipment2.8M2.3M2.1M8.9M10.2M10.7M
Net Tangible Assets14.1M11.4M51.0M75.6M86.9M91.3M
Retained Earnings Total Equity(66.2M)(71.5M)(74.3M)(76.3M)(68.7M)(72.1M)
Capital Surpluse85.9M87.6M117.7M127.8M146.9M85.6M
Deferred Long Term Liab522K342K22K99K113.9K173.1K

Pair Trading with Aehr Test

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aehr Test position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aehr Test will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Aehr Test could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aehr Test when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aehr Test - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aehr Test Systems to buy it.
The correlation of Aehr Test is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aehr Test moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aehr Test Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aehr Test can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Aehr Stock Analysis

When running Aehr Test's price analysis, check to measure Aehr Test's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aehr Test is operating at the current time. Most of Aehr Test's value examination focuses on studying past and present price action to predict the probability of Aehr Test's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aehr Test's price. Additionally, you may evaluate how the addition of Aehr Test to your portfolios can decrease your overall portfolio volatility.