Ajax Retained Earnings vs Short Term Debt Analysis

AJAX Stock   3.00  0.00  0.00%   
Ajax Resources financial indicator trend analysis is way more than just evaluating Ajax Resources PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ajax Resources PLC is a good investment. Please check the relationship between Ajax Resources Retained Earnings and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ajax Resources PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Retained Earnings vs Short Term Debt

Retained Earnings vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ajax Resources PLC Retained Earnings account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ajax Resources' Retained Earnings and Short Term Debt is 0.74. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Ajax Resources PLC, assuming nothing else is changed. The correlation between historical values of Ajax Resources' Retained Earnings and Short Term 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 Retained Earnings of Ajax Resources PLC are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Retained Earnings i.e., Ajax Resources' Retained Earnings and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Short Term Debt

Most indicators from Ajax Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ajax Resources PLC 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 Ajax Resources PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to gain to about 436.1 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2010 2023 2024 (projected)
Interest Income16.3K138.3K85.0K
Net Interest Income16.3K138.3K85.0K

Ajax Resources fundamental ratios Correlations

-0.99-0.990.99-0.65-0.84-0.990.850.850.94-0.70.52-0.990.991.00.960.990.96-0.65-0.49-0.65-0.65
-0.991.0-0.990.720.91.0-0.91-0.91-0.960.7-0.41.0-0.99-0.99-0.98-0.99-0.980.720.520.720.72
-0.991.0-0.990.710.91.0-0.91-0.91-0.960.69-0.411.0-0.99-0.99-0.98-0.99-0.980.710.520.710.71
0.99-0.99-0.99-0.61-0.84-0.980.870.870.97-0.610.51-0.991.00.990.981.00.98-0.61-0.4-0.61-0.61
-0.650.720.71-0.610.930.74-0.81-0.81-0.570.830.270.71-0.61-0.65-0.65-0.61-0.651.00.891.01.0
-0.840.90.9-0.840.930.91-0.96-0.96-0.830.740.020.9-0.84-0.84-0.88-0.84-0.880.930.710.930.93
-0.991.01.0-0.980.740.91-0.92-0.92-0.950.71-0.381.0-0.98-0.99-0.98-0.98-0.980.740.550.740.74
0.85-0.91-0.910.87-0.81-0.96-0.921.00.92-0.550.04-0.910.880.850.940.870.94-0.81-0.49-0.81-0.81
0.85-0.91-0.910.87-0.81-0.96-0.921.00.92-0.550.04-0.910.880.850.940.870.94-0.81-0.49-0.81-0.81
0.94-0.96-0.960.97-0.57-0.83-0.950.920.92-0.450.42-0.960.980.940.990.970.99-0.57-0.27-0.57-0.57
-0.70.70.69-0.610.830.740.71-0.55-0.55-0.45-0.140.69-0.61-0.7-0.55-0.61-0.550.830.940.830.83
0.52-0.4-0.410.510.270.02-0.380.040.040.42-0.14-0.410.510.520.370.510.370.270.20.270.27
-0.991.01.0-0.990.710.91.0-0.91-0.91-0.960.69-0.41-0.99-0.99-0.98-0.99-0.980.710.520.710.71
0.99-0.99-0.991.0-0.61-0.84-0.980.880.880.98-0.610.51-0.990.990.981.00.98-0.61-0.4-0.61-0.61
1.0-0.99-0.990.99-0.65-0.84-0.990.850.850.94-0.70.52-0.990.990.960.990.96-0.65-0.49-0.65-0.65
0.96-0.98-0.980.98-0.65-0.88-0.980.940.940.99-0.550.37-0.980.980.960.981.0-0.65-0.38-0.65-0.65
0.99-0.99-0.991.0-0.61-0.84-0.980.870.870.97-0.610.51-0.991.00.990.980.98-0.61-0.4-0.61-0.61
0.96-0.98-0.980.98-0.65-0.88-0.980.940.940.99-0.550.37-0.980.980.961.00.98-0.65-0.38-0.65-0.65
-0.650.720.71-0.611.00.930.74-0.81-0.81-0.570.830.270.71-0.61-0.65-0.65-0.61-0.650.891.01.0
-0.490.520.52-0.40.890.710.55-0.49-0.49-0.270.940.20.52-0.4-0.49-0.38-0.4-0.380.890.890.89
-0.650.720.71-0.611.00.930.74-0.81-0.81-0.570.830.270.71-0.61-0.65-0.65-0.61-0.651.00.891.0
-0.650.720.71-0.611.00.930.74-0.81-0.81-0.570.830.270.71-0.61-0.65-0.65-0.61-0.651.00.891.0
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Ajax Resources Account Relationship Matchups

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