Arts Long Term Debt vs Cash And Short Term Investments Analysis

ARTW Stock

USD 1.59 0.01 0.63%

Arts Way financial indicator trend analysis is way more than just evaluating Arts Way Manufacturing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Arts Way Manufacturing is a good investment. Please check the relationship between Arts Way Long Term Debt and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arts Way Manufacturing Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Long Term Debt vs Cash And Short Term Investments

Long Term Debt 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 Arts Way Manufacturing Long Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak relationship.

The correlation between Arts Way's Long Term Debt and Cash And Short Term Investments is 0.38. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Arts Way Manufacturing Co, assuming nothing else is changed. The correlation between historical values of Arts Way's Long Term Debt 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 Long Term Debt of Arts Way Manufacturing Co 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 Long Term Debt i.e., Arts Way's Long Term Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that Arts Way Manufacturing has held for over one year. Long-term debt appears on Arts Way Manufacturing Co balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Arts Way Manufacturing Co balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Arts Way Manufacturing balance sheet. This account contains Arts Way investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Arts Way Manufacturing Co 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 Arts Way's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arts Way Manufacturing 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 Arts Way Manufacturing Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Arts Way's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 14.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	453.9K	590.0K	531.0K	385.3K
Depreciation And Amortization	661.0K	804.8K	925.5K	614.8K

Interest Expense Depreciation And Amortization

Arts Way 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	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Accounts Payable	Other Assets	Long Term Debt	Common Stock Total Equity
Total Assets		0.91	0.17	0.44	0.94	0.89	0.85	0.88	0.34	0.95	0.34	0.58	0.44	0.86	0.98	-0.05	0.62	0.87	0.24	0.98	0.45	0.22	-0.37	-0.14	0.77	0.59
Short Long Term Debt Total	0.91		0.23	0.63	0.75	0.78	0.98	0.67	0.12	0.87	0.12	0.74	0.5	0.81	0.87	0.05	0.66	0.95	0.46	0.89	0.59	0.17	-0.12	-0.08	0.75	0.55
Other Current Liab	0.17	0.23		0.26	-0.05	0.02	0.14	-0.1	0.49	0.07	0.49	0.34	0.09	0.45	0.1	0.54	0.33	0.47	0.23	0.23	-0.31	-0.02	0.24	-0.3	0.42	-0.05
Total Current Liabilities	0.44	0.63	0.26		0.18	0.08	0.68	0.01	-0.26	0.45	-0.26	0.8	0.84	0.17	0.37	0.38	-0.04	0.72	0.77	0.41	0.75	0.46	0.52	0.43	0.09	0.65
Total Stockholder Equity	0.94	0.75	-0.05	0.18		0.91	0.68	0.98	0.41	0.9	0.41	0.33	0.26	0.77	0.96	-0.23	0.55	0.65	-0.01	0.92	0.36	0.18	-0.61	-0.18	0.68	0.5
Property Plant And Equipment Net	0.89	0.78	0.02	0.08	0.91		0.73	0.91	0.34	0.88	0.34	0.3	0.11	0.87	0.87	-0.2	0.72	0.66	-0.05	0.84	0.23	-0.17	-0.57	-0.39	0.82	0.36
Net Debt	0.85	0.98	0.14	0.68	0.68	0.73		0.57	-0.06	0.87	-0.06	0.77	0.58	0.72	0.8	0.04	0.55	0.92	0.47	0.8	0.65	0.11	-0.03	0.0	0.65	0.61
Retained Earnings	0.88	0.67	-0.1	0.01	0.98	0.91	0.57		0.47	0.82	0.47	0.18	0.09	0.76	0.92	-0.28	0.6	0.54	-0.11	0.88	0.25	0.14	-0.7	-0.26	0.69	0.36
Cash	0.34	0.12	0.49	-0.26	0.41	0.34	-0.06	0.47		0.17	1.0	-0.21	-0.34	0.48	0.39	-0.07	0.44	0.18	-0.38	0.44	-0.3	0.01	-0.61	-0.54	0.38	-0.25
Non Current Assets Total	0.95	0.87	0.07	0.45	0.9	0.88	0.87	0.82	0.17		0.17	0.59	0.54	0.78	0.9	-0.09	0.48	0.82	0.2	0.87	0.45	0.06	-0.31	-0.08	0.7	0.71
Cash And Short Term Investments	0.34	0.12	0.49	-0.26	0.41	0.34	-0.06	0.47	1.0	0.17		-0.21	-0.34	0.48	0.39	-0.07	0.44	0.18	-0.38	0.44	-0.3	0.01	-0.61	-0.54	0.38	-0.25
Net Receivables	0.58	0.74	0.34	0.8	0.33	0.3	0.77	0.18	-0.21	0.59	-0.21		0.81	0.48	0.47	0.13	0.25	0.82	0.68	0.55	0.47	0.3	0.4	0.23	0.47	0.69
Common Stock Shares Outstanding	0.44	0.5	0.09	0.84	0.26	0.11	0.58	0.09	-0.34	0.54	-0.34	0.81		0.12	0.34	0.14	-0.25	0.59	0.59	0.35	0.56	0.38	0.42	0.53	0.09	0.91
Non Current Liabilities Total	0.86	0.81	0.45	0.17	0.77	0.87	0.72	0.76	0.48	0.78	0.48	0.48	0.12		0.82	-0.01	0.86	0.8	0.12	0.86	0.04	-0.08	-0.37	-0.44	0.97	0.27
Inventory	0.98	0.87	0.1	0.37	0.96	0.87	0.8	0.92	0.39	0.9	0.39	0.47	0.34	0.82		-0.08	0.63	0.8	0.18	0.99	0.46	0.29	-0.47	-0.13	0.73	0.5
Other Current Assets	-0.05	0.05	0.54	0.38	-0.23	-0.2	0.04	-0.28	-0.07	-0.09	-0.07	0.13	0.14	-0.01	-0.08		-0.1	0.23	0.51	-0.03	-0.01	0.21	0.53	0.04	-0.02	-0.04
Other Stockholder Equity	0.62	0.66	0.33	-0.04	0.55	0.72	0.55	0.6	0.44	0.48	0.44	0.25	-0.25	0.86	0.63	-0.1		0.58	0.0	0.68	-0.01	-0.16	-0.4	-0.51	0.86	-0.14
Total Liab	0.87	0.95	0.47	0.72	0.65	0.66	0.92	0.54	0.18	0.82	0.18	0.82	0.59	0.8	0.8	0.23	0.58		0.55	0.85	0.49	0.22	0.06	-0.04	0.73	0.58
Property Plant And Equipment Gross	0.24	0.46	0.23	0.77	-0.01	-0.05	0.47	-0.11	-0.38	0.2	-0.38	0.68	0.59	0.12	0.18	0.51	0.0	0.55		0.25	0.48	0.47	0.67	0.45	0.17	0.46
Total Current Assets	0.98	0.89	0.23	0.41	0.92	0.84	0.8	0.88	0.44	0.87	0.44	0.55	0.35	0.86	0.99	-0.03	0.68	0.85	0.25		0.43	0.31	-0.39	-0.17	0.78	0.48
Short Term Debt	0.45	0.59	-0.31	0.75	0.36	0.23	0.65	0.25	-0.3	0.45	-0.3	0.47	0.56	0.04	0.46	-0.01	-0.01	0.49	0.48	0.43		0.44	0.1	0.37	-0.07	0.48
Non Currrent Assets Other	0.22	0.17	-0.02	0.46	0.18	-0.17	0.11	0.14	0.01	0.06	0.01	0.3	0.38	-0.08	0.29	0.21	-0.16	0.22	0.47	0.31	0.44		0.18	0.56	-0.11	0.28
Accounts Payable	-0.37	-0.12	0.24	0.52	-0.61	-0.57	-0.03	-0.7	-0.61	-0.31	-0.61	0.4	0.42	-0.37	-0.47	0.53	-0.4	0.06	0.67	-0.39	0.1	0.18		0.53	-0.29	0.19
Other Assets	-0.14	-0.08	-0.3	0.43	-0.18	-0.39	0.0	-0.26	-0.54	-0.08	-0.54	0.23	0.53	-0.44	-0.13	0.04	-0.51	-0.04	0.45	-0.17	0.37	0.56	0.53		-0.36	0.5
Long Term Debt	0.77	0.75	0.42	0.09	0.68	0.82	0.65	0.69	0.38	0.7	0.38	0.47	0.09	0.97	0.73	-0.02	0.86	0.73	0.17	0.78	-0.07	-0.11	-0.29	-0.36		0.27
Common Stock Total Equity	0.59	0.55	-0.05	0.65	0.5	0.36	0.61	0.36	-0.25	0.71	-0.25	0.69	0.91	0.27	0.5	-0.04	-0.14	0.58	0.46	0.48	0.48	0.28	0.19	0.5	0.27

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Arts Way Account Relationship Matchups

Arts Way fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.8M	20.9M	23.9M	24.4M	28.1M	19.6M
Short Long Term Debt Total	5.2M	7.0M	7.7M	8.1M	9.4M	6.2M
Other Current Liab	1.6M	1.4M	2.6M	2.3M	2.1M	1.5M
Total Current Liabilities	6.2M	7.7M	9.3M	9.4M	10.8M	6.2M
Total Stockholder Equity	9.9M	10.4M	11.2M	11.6M	13.4M	10.3M
Property Plant And Equipment Net	5.7M	5.8M	6.6M	5.1M	5.8M	5.0M
Net Debt	5.2M	7.0M	7.7M	8.1M	9.4M	5.0M
Retained Earnings	6.4M	6.7M	6.8M	7.0M	8.1M	8.3M
Cash	2.7K	2.7K	5.1K	4.0K	3.6K	3.4K
Non Current Assets Total	8.5M	8.7M	9.8M	9.3M	10.7M	6.0M
Cash And Short Term Investments	2.7K	2.7K	5.1K	4.0K	3.6K	3.4K
Net Receivables	2.5M	2.8M	2.7M	3.7M	4.3M	2.5M
Common Stock Shares Outstanding	4.4M	4.5M	4.7M	5.0M	5.8M	3.7M
Liabilities And Stockholders Equity	18.8M	20.9M	23.9M	24.4M	28.1M	19.6M
Non Current Liabilities Total	2.7M	2.8M	3.5M	3.4M	3.9M	3.1M
Inventory	7.8M	9.2M	10.6M	11.0M	12.7M	9.7M
Other Current Assets	61.3K	121.2K	794.5K	328.6K	295.8K	346.6K
Other Stockholder Equity	3.4M	3.7M	4.3M	4.6M	5.3M	9.3M
Total Liab	8.9M	10.5M	12.8M	12.8M	14.7M	9.3M
Property Plant And Equipment Gross	5.2M	20.3M	21.6M	18.6M	21.4M	22.5M
Total Current Assets	10.3M	12.2M	14.1M	15.1M	17.3M	13.6M
Short Term Debt	2.5M	4.2M	4.2M	4.8M	5.5M	3.1M
Non Currrent Assets Other	93.8K	299.0K	630.2K	1.7M	2.0M	2.1M
Accounts Payable	2.0M	1.7M	2.5M	2.3M	2.0M	2.1M
Other Assets	1.9M	3.3M	2.9M	2.7M	3.1M	3.2M
Long Term Debt	2.7M	2.6M	2.9M	2.6M	3.0M	3.9M
Common Stock	44.7K	45.8K	50.1K	51.1K	58.7K	37.9K
Property Plant Equipment	5.4M	5.2M	5.8M	7.2M	8.2M	6.0M
Net Tangible Assets	11.8M	9.9M	10.4M	11.2M	10.0M	11.7M
Current Deferred Revenue	474.5K	559.3K	1.2M	3.7K	4.2K	4.0K

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Arts Long Term Debt vs Cash And Short Term Investments Analysis

Long Term Debt vs Cash And Short Term Investments

Long Term Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Long Term Debt

Cash And Short Term Investments

Arts Way fundamental ratios Correlations

Arts Way Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Arts Way fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Inventory
Inventory	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Assets
Net Debt	+ 0.98	Short Long Term Debt Total
Retained Earnings	+ 0.98	Total Stockholder Equity

Accounts Payable	- 0.7	Retained Earnings
Accounts Payable	- 0.61	Cash And Short Term Investments
Accounts Payable	- 0.61	Cash
Accounts Payable	- 0.61	Total Stockholder Equity
Accounts Payable	- 0.57	Property Plant And Equipment Net
Other Assets	- 0.54	Cash And Short Term Investments