Astrotech Net Income vs Change To Liabilities Analysis

ASTC Stock

USD 6.93 0.07 1.00%

Astrotech Corp financial indicator trend analysis is way more than just evaluating Astrotech Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Astrotech Corp is a good investment. Please check the relationship between Astrotech Corp Net Income and its Change To Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astrotech Corp. 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.

For information on how to trade Astrotech Stock refer to our How to Trade Astrotech Stock guide.

Net Income vs Change To Liabilities

Net Income vs Change To Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astrotech Corp Net Income account and Change To Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Astrotech Corp's Net Income and Change To Liabilities is -0.08. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Astrotech Corp, assuming nothing else is changed. The correlation between historical values of Astrotech Corp's Net Income and Change To Liabilities 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 Income of Astrotech Corp are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Net Income i.e., Astrotech Corp's Net Income and Change To Liabilities go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Astrotech Corp financial statement analysis. It represents the amount of money remaining after all of Astrotech Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change To Liabilities

Most indicators from Astrotech Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Astrotech Corp 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 Astrotech Corp. 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.

For information on how to trade Astrotech Stock refer to our How to Trade Astrotech Stock guide.At present, Astrotech Corp's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 3.80, whereas Selling General Administrative is forecasted to decline to about 1.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	192K	306K	751K	713.5K
Total Revenue	869K	750K	1.7M	1.6M

Gross Profit Total Revenue

Astrotech Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Common Stock Total Equity	Other Liab
Total Assets		0.44	0.23	-0.03	0.58	0.3	0.6	0.35	0.61	0.71	0.36	0.56	0.37	0.35	0.51	0.57	-0.01	0.4	0.41	0.13	0.57	0.45	-0.55	-0.63	-0.64	0.58
Short Long Term Debt Total	0.44		-0.65	0.74	0.93	-0.55	0.95	-0.49	0.95	0.72	0.37	0.86	0.94	0.38	-0.22	0.88	0.22	-0.41	0.62	-0.28	0.86	-0.35	-0.13	-0.91	-0.87	0.94
Total Stockholder Equity	0.23	-0.65		-0.85	-0.6	0.52	-0.55	0.72	-0.57	-0.23	0.05	-0.4	-0.55	0.02	0.67	-0.41	-0.1	0.79	-0.19	0.59	-0.4	0.79	-0.16	0.58	0.56	-0.6
Net Debt	-0.03	0.74	-0.85		0.62	-0.61	0.65	-0.61	0.63	0.48	0.24	0.66	0.76	0.3	-0.8	0.68	0.29	-0.85	0.56	-0.4	0.66	-0.81	0.04	-0.61	-0.6	0.63
Other Assets	0.58	0.93	-0.6	0.62		-0.23	0.94	-0.41	0.99	0.74	0.18	0.74	0.78	0.17	-0.06	0.76	0.17	-0.19	0.5	-0.37	0.74	-0.15	-0.29	-0.97	-0.92	1.0
Common Stock Shares Outstanding	0.3	-0.55	0.52	-0.61	-0.23		-0.31	0.67	-0.27	-0.08	-0.29	-0.41	-0.7	-0.32	0.54	-0.45	-0.41	0.66	-0.46	0.17	-0.39	0.63	-0.41	0.23	0.23	-0.24
Non Current Liabilities Total	0.6	0.95	-0.55	0.65	0.94	-0.31		-0.29	0.97	0.79	0.36	0.88	0.83	0.47	-0.08	0.89	0.08	-0.28	0.61	-0.22	0.88	-0.23	-0.39	-0.93	-0.89	0.95
Other Stockholder Equity	0.35	-0.49	0.72	-0.61	-0.41	0.67	-0.29		-0.34	0.05	0.38	-0.06	-0.56	0.3	0.58	-0.13	-0.65	0.48	-0.28	0.59	-0.05	0.47	-0.19	0.37	0.33	-0.4
Total Liab	0.61	0.95	-0.57	0.63	0.99	-0.27	0.97	-0.34		0.79	0.3	0.83	0.82	0.3	-0.06	0.84	0.12	-0.23	0.55	-0.3	0.83	-0.18	-0.29	-0.97	-0.92	0.99
Other Current Liab	0.71	0.72	-0.23	0.48	0.74	-0.08	0.79	0.05	0.79		0.54	0.82	0.65	0.45	0.01	0.83	-0.03	-0.13	0.67	0.02	0.82	-0.06	-0.26	-0.74	-0.72	0.76
Total Current Liabilities	0.36	0.37	0.05	0.24	0.18	-0.29	0.36	0.38	0.3	0.54		0.71	0.39	0.76	0.04	0.68	-0.29	-0.24	0.34	0.41	0.71	-0.2	0.18	-0.21	-0.23	0.21
Property Plant And Equipment Net	0.56	0.86	-0.4	0.66	0.74	-0.41	0.88	-0.06	0.83	0.82	0.71		0.83	0.73	-0.16	0.99	-0.02	-0.41	0.64	0.08	1.0	-0.35	-0.19	-0.76	-0.74	0.76
Retained Earnings	0.37	0.94	-0.55	0.76	0.78	-0.7	0.83	-0.56	0.82	0.65	0.39	0.83		0.45	-0.35	0.87	0.45	-0.47	0.75	-0.17	0.82	-0.4	-0.07	-0.79	-0.77	0.8
Accounts Payable	0.35	0.38	0.02	0.3	0.17	-0.32	0.47	0.3	0.3	0.45	0.76	0.73	0.45		-0.07	0.71	-0.21	-0.31	0.5	0.41	0.73	-0.26	-0.29	-0.21	-0.23	0.19
Cash	0.51	-0.22	0.67	-0.8	-0.06	0.54	-0.08	0.58	-0.06	0.01	0.04	-0.16	-0.35	-0.07		-0.19	-0.34	0.89	-0.29	0.35	-0.16	0.88	-0.22	0.07	0.08	-0.07
Non Current Assets Total	0.57	0.88	-0.41	0.68	0.76	-0.45	0.89	-0.13	0.84	0.83	0.68	0.99	0.87	0.71	-0.19		0.08	-0.41	0.7	0.05	0.99	-0.34	-0.2	-0.77	-0.76	0.78
Non Currrent Assets Other	-0.01	0.22	-0.1	0.29	0.17	-0.41	0.08	-0.65	0.12	-0.03	-0.29	-0.02	0.45	-0.21	-0.34	0.08		-0.06	0.4	-0.26	-0.03	-0.03	-0.07	-0.16	-0.14	0.16
Cash And Short Term Investments	0.4	-0.41	0.79	-0.85	-0.19	0.66	-0.28	0.48	-0.23	-0.13	-0.24	-0.41	-0.47	-0.31	0.89	-0.41	-0.06		-0.28	0.25	-0.41	0.99	-0.29	0.23	0.25	-0.21
Net Receivables	0.41	0.62	-0.19	0.56	0.5	-0.46	0.61	-0.28	0.55	0.67	0.34	0.64	0.75	0.5	-0.29	0.7	0.4	-0.28		-0.05	0.63	-0.18	-0.32	-0.51	-0.5	0.5
Other Current Assets	0.13	-0.28	0.59	-0.4	-0.37	0.17	-0.22	0.59	-0.3	0.02	0.41	0.08	-0.17	0.41	0.35	0.05	-0.26	0.25	-0.05		0.07	0.26	-0.01	0.34	0.31	-0.36
Property Plant And Equipment Gross	0.57	0.86	-0.4	0.66	0.74	-0.39	0.88	-0.05	0.83	0.82	0.71	1.0	0.82	0.73	-0.16	0.99	-0.03	-0.41	0.63	0.07		-0.35	-0.2	-0.76	-0.74	0.77
Total Current Assets	0.45	-0.35	0.79	-0.81	-0.15	0.63	-0.23	0.47	-0.18	-0.06	-0.2	-0.35	-0.4	-0.26	0.88	-0.34	-0.03	0.99	-0.18	0.26	-0.35		-0.33	0.19	0.22	-0.16
Short Term Debt	-0.55	-0.13	-0.16	0.04	-0.29	-0.41	-0.39	-0.19	-0.29	-0.26	0.18	-0.19	-0.07	-0.29	-0.22	-0.2	-0.07	-0.29	-0.32	-0.01	-0.2	-0.33		0.28	0.27	-0.27
Common Stock	-0.63	-0.91	0.58	-0.61	-0.97	0.23	-0.93	0.37	-0.97	-0.74	-0.21	-0.76	-0.79	-0.21	0.07	-0.77	-0.16	0.23	-0.51	0.34	-0.76	0.19	0.28		0.99	-0.97
Common Stock Total Equity	-0.64	-0.87	0.56	-0.6	-0.92	0.23	-0.89	0.33	-0.92	-0.72	-0.23	-0.74	-0.77	-0.23	0.08	-0.76	-0.14	0.25	-0.5	0.31	-0.74	0.22	0.27	0.99		-0.92
Other Liab	0.58	0.94	-0.6	0.63	1.0	-0.24	0.95	-0.4	0.99	0.76	0.21	0.76	0.8	0.19	-0.07	0.78	0.16	-0.21	0.5	-0.36	0.77	-0.16	-0.27	-0.97	-0.92

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Astrotech Corp Account Relationship Matchups

Astrotech Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.9M	65.6M	56.2M	47.7M	37.6M	69.3M
Total Stockholder Equity	625K	61.2M	53.2M	44.7M	34.8M	29.9M
Net Debt	655K	(33.1M)	(25.4M)	(13.6M)	(10.1M)	(9.6M)
Other Assets	501K	308K	11K	30K	27K	25.7K
Common Stock Shares Outstanding	211.5K	732.8K	1.6M	1.6M	1.6M	1.7M
Liabilities And Stockholders Equity	5.9M	65.6M	56.2M	47.7M	37.6M	69.3M
Non Current Liabilities Total	955K	215K	303K	291K	305K	289.8K
Other Stockholder Equity	9.8M	78.0M	79.5M	80.9M	82.4M	86.5M
Total Liab	5.3M	4.4M	3.0M	3.0M	2.8M	2.7M
Other Current Liab	1.1M	1.2M	1.8M	1.5M	1.7M	1.6M
Total Current Liabilities	4.4M	4.2M	2.7M	2.7M	2.5M	2.4M
Property Plant And Equipment Net	1.2M	512K	1.3M	2.9M	2.9M	2.7M
Retained Earnings	(199.8M)	(207.4M)	(215.7M)	(225.4M)	(237.0M)	(225.2M)
Accounts Payable	239K	396K	169K	546K	373K	354.4K
Cash	3.3M	35.9M	26.5M	14.2M	10.4M	9.9M
Non Current Assets Total	1.3M	523K	1.3M	3.0M	2.9M	2.8M
Non Currrent Assets Other	436K	71K	11K	30K	27K	25.7K
Cash And Short Term Investments	3.3M	63.3M	52.6M	42.1M	31.9M	20.1M
Net Receivables	530K	5K	58K	226K	77K	73.2K
Other Current Assets	117K	318K	748K	365K	261K	248.0K
Property Plant And Equipment Gross	1.2M	512K	1.3M	2.9M	4.6M	4.4M
Total Current Assets	4.7M	65.1M	55.0M	44.7M	34.7M	20.7M
Common Stock	190.6M	190.6M	190.6M	190.6M	219.2M	157.7M
Common Stock Total Equity	190.6M	190.6M	190.6M	190.6M	219.2M	157.8M
Property Plant Equipment	950K	512K	1.3M	2.9M	2.6M	2.5M
Inventory	676K	1.5M	1.5M	2.0M	2.5M	2.6M
Net Tangible Assets	625K	61.2M	53.2M	44.7M	51.4M	31.9M

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When determining whether Astrotech Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Astrotech Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Astrotech Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Astrotech Corp Stock:

How To Invest In Astrotech

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Is Astrotech Stock a good investment?

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What is Astrotech Corp's Net Worth?

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Largest Aerospace & Defense Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astrotech Corp. 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.

For information on how to trade Astrotech Stock refer to our How to Trade Astrotech Stock guide.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astrotech Corp. If investors know Astrotech will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astrotech Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(7.34)

Revenue Per Share

1.016

Quarterly Revenue Growth

(0.82)

Return On Assets

(0.19)

Return On Equity

(0.29)

The market value of Astrotech Corp is measured differently than its book value, which is the value of Astrotech that is recorded on the company's balance sheet. Investors also form their own opinion of Astrotech Corp's value that differs from its market value or its book value, called intrinsic value, which is Astrotech Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astrotech Corp's market value can be influenced by many factors that don't directly affect Astrotech Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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

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Astrotech Net Income vs Change To Liabilities Analysis

Net Income vs Change To Liabilities

Net Income vs Change To Liabilities Correlation Analysis

Correlation Coefficient

Net Income

Change To Liabilities

Astrotech Corp fundamental ratios Correlations

Astrotech Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Astrotech Corp fundamental ratios Accounts

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Other Liab	+ 1.0	Other Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 0.99	Other Assets
Other Liab	+ 0.99	Total Liab
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total

Other Liab	- 0.97	Common Stock
Common Stock	- 0.97	Total Liab
Common Stock	- 0.97	Other Assets
Common Stock	- 0.93	Non Current Liabilities Total
Other Liab	- 0.92	Common Stock Total Equity
Common Stock Total Equity	- 0.92	Total Liab