Ashtead Other Non Cash Items vs Change In Cash Analysis

AT Stock

551.00 1.00 0.18%

Ashtead Technology financial indicator trend analysis is way more than just evaluating Ashtead Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ashtead Technology is a good investment. Please check the relationship between Ashtead Technology Other Non Cash Items and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashtead Technology Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Other Non Cash Items vs Change In Cash

Other Non Cash Items vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashtead Technology Other Non Cash Items account and Change In Cash. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Ashtead Technology's Other Non Cash Items and Change In Cash is -0.51. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Ashtead Technology Holdings, assuming nothing else is changed. The correlation between historical values of Ashtead Technology's Other Non Cash Items and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Ashtead Technology Holdings are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Other Non Cash Items i.e., Ashtead Technology's Other Non Cash Items and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.51

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Other Non Cash Items

Change In Cash

Most indicators from Ashtead Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ashtead 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashtead Technology Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

The current year's Tax Provision is expected to grow to about 6.2 M, whereas Selling General Administrative is forecasted to decline to about 38.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.5M	1.3M	4M	2.9M
Depreciation And Amortization	10.2M	9.3M	13.5M	12.0M

Interest Expense Depreciation And Amortization

Ashtead 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Capital Lease Obligations	Net Invested Capital	Short Long Term Debt
Total Assets		0.92	0.86	0.99	0.97	0.96	0.91	0.85	0.43	1.0	-0.79	0.43	0.96	0.96	0.89	-0.32	-0.21	0.98	0.99	0.08	0.94	0.96	0.21	-0.79	0.96	-0.04
Short Long Term Debt Total	0.92		0.74	0.94	0.81	0.89	0.99	0.69	0.46	0.92	-0.78	0.46	0.87	0.97	0.81	-0.3	-0.13	0.97	0.9	0.41	0.98	0.81	0.32	-0.68	0.8	0.3
Other Current Liab	0.86	0.74		0.85	0.85	0.84	0.73	0.8	0.38	0.86	-0.65	0.38	0.82	0.81	0.95	-0.45	-0.21	0.82	0.85	-0.17	0.81	0.87	0.51	-0.9	0.86	-0.29
Total Current Liabilities	0.99	0.94	0.85		0.94	0.96	0.92	0.86	0.5	0.99	-0.75	0.5	0.94	0.97	0.85	-0.41	-0.2	0.99	0.98	0.13	0.96	0.92	0.31	-0.76	0.93	0.02
Total Stockholder Equity	0.97	0.81	0.85	0.94		0.89	0.81	0.81	0.34	0.97	-0.81	0.34	0.98	0.87	0.88	-0.26	-0.28	0.9	0.96	-0.03	0.85	0.95	0.1	-0.82	0.98	-0.15
Property Plant And Equipment Net	0.96	0.89	0.84	0.96	0.89		0.89	0.92	0.38	0.96	-0.6	0.38	0.85	0.97	0.81	-0.3	-0.02	0.97	0.94	-0.02	0.95	0.94	0.29	-0.65	0.9	-0.13
Net Debt	0.91	0.99	0.73	0.92	0.81	0.89		0.66	0.33	0.91	-0.77	0.33	0.87	0.96	0.79	-0.19	-0.03	0.95	0.88	0.41	0.96	0.79	0.28	-0.64	0.78	0.31
Accounts Payable	0.85	0.69	0.8	0.86	0.81	0.92	0.66		0.49	0.85	-0.41	0.49	0.72	0.84	0.71	-0.42	-0.05	0.85	0.87	-0.34	0.82	0.91	0.3	-0.58	0.87	-0.42
Cash	0.43	0.46	0.38	0.5	0.34	0.38	0.33	0.49		0.41	-0.33	1.0	0.38	0.48	0.4	-0.87	-0.65	0.49	0.51	0.13	0.51	0.4	0.36	-0.49	0.43	0.09
Non Current Assets Total	1.0	0.92	0.86	0.99	0.97	0.96	0.91	0.85	0.41		-0.79	0.41	0.97	0.96	0.88	-0.31	-0.19	0.97	0.99	0.09	0.94	0.95	0.22	-0.78	0.96	-0.03
Non Currrent Assets Other	-0.79	-0.78	-0.65	-0.75	-0.81	-0.6	-0.77	-0.41	-0.33	-0.79		-0.33	-0.9	-0.71	-0.82	0.16	0.45	-0.73	-0.79	-0.4	-0.71	-0.7	-0.02	0.82	-0.78	-0.29
Cash And Short Term Investments	0.43	0.46	0.38	0.5	0.34	0.38	0.33	0.49	1.0	0.41	-0.33		0.38	0.48	0.4	-0.87	-0.65	0.49	0.51	0.13	0.51	0.4	0.36	-0.49	0.43	0.09
Good Will	0.96	0.87	0.82	0.94	0.98	0.85	0.87	0.72	0.38	0.97	-0.9	0.38		0.88	0.88	-0.29	-0.32	0.91	0.95	0.17	0.86	0.89	0.14	-0.84	0.94	0.05
Non Current Liabilities Total	0.96	0.97	0.81	0.97	0.87	0.97	0.96	0.84	0.48	0.96	-0.71	0.48	0.88		0.83	-0.34	-0.1	1.0	0.95	0.19	1.0	0.9	0.31	-0.68	0.88	0.09
Inventory	0.89	0.81	0.95	0.85	0.88	0.81	0.79	0.71	0.4	0.88	-0.82	0.4	0.88	0.83		-0.35	-0.33	0.84	0.89	0.0	0.84	0.89	0.34	-0.94	0.89	-0.12
Other Current Assets	-0.32	-0.3	-0.45	-0.41	-0.26	-0.3	-0.19	-0.42	-0.87	-0.31	0.16	-0.87	-0.29	-0.34	-0.35		0.58	-0.36	-0.36	0.01	-0.36	-0.26	-0.63	0.52	-0.3	0.05
Other Stockholder Equity	-0.21	-0.13	-0.21	-0.2	-0.28	-0.02	-0.03	-0.05	-0.65	-0.19	0.45	-0.65	-0.32	-0.1	-0.33	0.58		-0.14	-0.28	-0.12	-0.11	-0.2	0.11	0.56	-0.3	-0.08
Total Liab	0.98	0.97	0.82	0.99	0.9	0.97	0.95	0.85	0.49	0.97	-0.73	0.49	0.91	1.0	0.84	-0.36	-0.14		0.97	0.17	0.99	0.91	0.31	-0.71	0.9	0.06
Total Current Assets	0.99	0.9	0.85	0.98	0.96	0.94	0.88	0.87	0.51	0.99	-0.79	0.51	0.95	0.95	0.89	-0.36	-0.28	0.97		0.05	0.94	0.97	0.19	-0.8	0.98	-0.07
Short Term Debt	0.08	0.41	-0.17	0.13	-0.03	-0.02	0.41	-0.34	0.13	0.09	-0.4	0.13	0.17	0.19	0.0	0.01	-0.12	0.17	0.05		0.22	-0.16	0.02	-0.03	-0.11	0.99
Long Term Debt	0.94	0.98	0.81	0.96	0.85	0.95	0.96	0.82	0.51	0.94	-0.71	0.51	0.86	1.0	0.84	-0.36	-0.11	0.99	0.94	0.22		0.89	0.35	-0.69	0.86	0.11
Net Receivables	0.96	0.81	0.87	0.92	0.95	0.94	0.79	0.91	0.4	0.95	-0.7	0.4	0.89	0.9	0.89	-0.26	-0.2	0.91	0.97	-0.16	0.89		0.13	-0.75	0.98	-0.27
Common Stock Shares Outstanding	0.21	0.32	0.51	0.31	0.1	0.29	0.28	0.3	0.36	0.22	-0.02	0.36	0.14	0.31	0.34	-0.63	0.11	0.31	0.19	0.02	0.35	0.13		-0.37	0.1	-0.01
Capital Lease Obligations	-0.79	-0.68	-0.9	-0.76	-0.82	-0.65	-0.64	-0.58	-0.49	-0.78	0.82	-0.49	-0.84	-0.68	-0.94	0.52	0.56	-0.71	-0.8	-0.03	-0.69	-0.75	-0.37		-0.81	0.09
Net Invested Capital	0.96	0.8	0.86	0.93	0.98	0.9	0.78	0.87	0.43	0.96	-0.78	0.43	0.94	0.88	0.89	-0.3	-0.3	0.9	0.98	-0.11	0.86	0.98	0.1	-0.81		-0.23
Short Long Term Debt	-0.04	0.3	-0.29	0.02	-0.15	-0.13	0.31	-0.42	0.09	-0.03	-0.29	0.09	0.05	0.09	-0.12	0.05	-0.08	0.06	-0.07	0.99	0.11	-0.27	-0.01	0.09	-0.23

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Ashtead Technology Account Relationship Matchups

Ashtead Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	106.8M	99.8M	99.0M	136.8M	213.7M	124.9M
Short Long Term Debt Total	52.0M	47.1M	27.6M	37.7M	72.5M	45.4M
Other Current Liab	4.7M	4.8M	6.1M	13.2M	22.3M	23.4M
Total Current Liabilities	16.3M	16.5M	11.0M	21.8M	35.4M	18.9M
Total Stockholder Equity	46.2M	44.7M	61.1M	75.8M	97.6M	62.1M
Property Plant And Equipment Net	30.9M	24.7M	23.8M	34.4M	71.3M	36.8M
Net Debt	47.1M	36.2M	22.7M	28.7M	61.7M	37.5M
Accounts Payable	3.0M	2.5M	3.3M	5.9M	9.7M	4.9M
Cash	4.9M	11.0M	4.9M	9.0M	10.8M	7.9M
Non Current Assets Total	84.0M	76.3M	75.2M	106.5M	166.8M	97.0M
Cash And Short Term Investments	4.9M	11.0M	4.9M	9.0M	10.8M	7.9M
Good Will	48.7M	48.6M	48.7M	66.0M	77.7M	54.6M
Liabilities And Stockholders Equity	106.8M	99.8M	99.0M	136.8M	213.7M	124.9M
Non Current Liabilities Total	44.3M	38.6M	26.9M	39.2M	80.7M	43.9M
Inventory	1.1M	1.2M	1.8M	1.9M	4.1M	4.3M
Other Current Assets	16.9M	(51K)	17.2M	1.7M	2.8M	2.7M
Other Stockholder Equity	46.2M	(1.9M)	12.8M	15.0M	25.4M	19.1M
Total Liab	60.6M	55.1M	37.9M	61.0M	116.1M	62.8M
Total Current Assets	22.8M	23.4M	23.9M	30.4M	46.9M	27.9M
Short Term Debt	7.8M	8.7M	783K	865K	1.2M	1.1M
Long Term Debt	41.4M	36.1M	24.4M	34.9M	69.7M	42.1M
Net Receivables	13.3M	11.3M	17.2M	18.1M	29.2M	18.3M
Capital Lease Obligations	3.4M	3.0M	3.1M	2.9M	2.8M	2.5M
Net Invested Capital	48.5M	44.1M	85.6M	110.7M	167.3M	88.1M
Net Working Capital	6.5M	6.9M	12.8M	8.5M	11.5M	9.2M
Intangible Assets	3.9M	2.3M	1.8M	6.0M	17.7M	18.6M

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Other Information on Investing in Ashtead Stock

Balance Sheet is a snapshot of the financial position of Ashtead Technology at a specified time, usually calculated after every quarter, six months, or one year. Ashtead Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ashtead Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Ashtead currently owns. An asset can also be divided into two categories, current and non-current.

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Ashtead Other Non Cash Items vs Change In Cash Analysis

Other Non Cash Items vs Change In Cash

Other Non Cash Items vs Change In Cash Correlation Analysis

Correlation Coefficient

Other Non Cash Items

Change In Cash

Ashtead Technology fundamental ratios Correlations

Ashtead Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ashtead Technology fundamental ratios Accounts

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Other Information on Investing in Ashtead Stock

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Long Term Debt	+ 1.0	Non Current Liabilities Total
Total Current Liabilities	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets

Capital Lease Obligations	- 0.94	Inventory
Good Will	- 0.9	Non Currrent Assets Other
Capital Lease Obligations	- 0.9	Other Current Liab
Other Current Assets	- 0.87	Cash And Short Term Investments
Other Current Assets	- 0.87	Cash
Capital Lease Obligations	- 0.84	Good Will