Addentax Net Debt vs Total Liab Analysis

ATXG Stock  USD 0.62  0  0.32%   
Addentax Group financial indicator trend analysis is way more than just evaluating Addentax Group Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Addentax Group Corp is a good investment. Please check the relationship between Addentax Group Net Debt and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Addentax Group 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 interest.

Net Debt vs Total Liab

Net Debt vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Addentax Group Corp Net Debt account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Addentax Group's Net Debt and Total Liab is 0.68. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Liab in the same time period over historical financial statements of Addentax Group Corp, assuming nothing else is changed. The correlation between historical values of Addentax Group's Net Debt and Total Liab 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 Debt of Addentax Group Corp are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Debt i.e., Addentax Group's Net Debt and Total Liab go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Addentax Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Addentax Group 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 Addentax Group 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 interest.
At this time, Addentax Group's Tax Provision is most likely to increase significantly in the upcoming years. The Addentax Group's current Sales General And Administrative To Revenue is estimated to increase to 0.54, while Selling General Administrative is projected to decrease to roughly 293.3 K.

Addentax Group fundamental ratios Correlations

0.710.30.280.92-0.130.560.71-0.820.070.510.970.070.950.460.550.810.280.910.970.90.330.990.33-0.020.32
0.710.310.340.6-0.020.941.0-0.550.20.410.650.050.60.510.550.660.260.70.640.70.290.720.28-0.160.28
0.30.310.80.05-0.690.250.29-0.230.750.330.160.260.130.630.490.740.940.10.10.510.10.370.090.340.71
0.280.340.8-0.1-0.490.440.3-0.510.90.740.230.68-0.010.660.540.720.870.220.060.650.610.290.60.280.75
0.920.60.05-0.10.040.380.61-0.61-0.280.20.9-0.240.990.220.380.57-0.010.820.980.670.040.910.05-0.10.04
-0.13-0.02-0.69-0.490.04-0.01-0.020.11-0.58-0.02-0.03-0.21-0.05-0.370.03-0.52-0.7-0.080.01-0.290.19-0.210.19-0.31-0.81
0.560.940.250.440.38-0.010.93-0.510.320.460.50.160.370.540.510.590.230.650.450.650.410.560.39-0.140.3
0.711.00.290.30.61-0.020.93-0.510.170.360.630.00.60.50.530.640.230.70.640.680.240.720.23-0.160.26
-0.82-0.55-0.23-0.51-0.610.11-0.51-0.51-0.28-0.86-0.89-0.56-0.69-0.37-0.51-0.75-0.38-0.79-0.77-0.91-0.75-0.76-0.760.04-0.45
0.070.20.750.9-0.28-0.580.320.17-0.280.550.010.7-0.190.60.290.510.79-0.01-0.150.450.430.10.390.160.83
0.510.410.330.740.2-0.020.460.36-0.860.550.590.780.290.40.550.60.510.450.40.760.960.430.94-0.010.44
0.970.650.160.230.9-0.030.50.63-0.890.010.590.170.930.350.50.730.20.890.970.880.450.930.45-0.070.26
0.070.050.260.68-0.24-0.210.160.0-0.560.70.780.17-0.130.230.170.270.480.06-0.030.40.770.00.79-0.080.64
0.950.60.13-0.010.99-0.050.370.6-0.69-0.190.290.93-0.130.260.40.640.090.830.990.730.110.940.12-0.070.15
0.460.510.630.660.22-0.370.540.5-0.370.60.40.350.230.260.760.670.540.420.280.630.260.510.220.270.53
0.550.550.490.540.380.030.510.53-0.510.290.550.50.170.40.760.650.490.460.450.630.460.550.460.020.19
0.810.660.740.720.57-0.520.590.64-0.750.510.60.730.270.640.670.650.740.730.660.920.380.840.390.190.66
0.280.260.940.87-0.01-0.70.230.23-0.380.790.510.20.480.090.540.490.740.110.090.550.310.320.320.230.78
0.910.70.10.220.82-0.080.650.7-0.79-0.010.450.890.060.830.420.460.730.110.880.830.330.90.37-0.070.27
0.970.640.10.060.980.010.450.64-0.77-0.150.40.97-0.030.990.280.450.660.090.880.790.250.950.26-0.10.15
0.90.70.510.650.67-0.290.650.68-0.910.450.760.880.40.730.630.630.920.550.830.790.580.890.570.080.58
0.330.290.10.610.040.190.410.24-0.750.430.960.450.770.110.260.460.380.310.330.250.580.230.98-0.080.24
0.990.720.370.290.91-0.210.560.72-0.760.10.430.930.00.940.510.550.840.320.90.950.890.230.230.040.36
0.330.280.090.60.050.190.390.23-0.760.390.940.450.790.120.220.460.390.320.370.260.570.980.23-0.080.26
-0.02-0.160.340.28-0.1-0.31-0.14-0.160.040.16-0.01-0.07-0.08-0.070.270.020.190.23-0.07-0.10.08-0.080.04-0.080.09
0.320.280.710.750.04-0.810.30.26-0.450.830.440.260.640.150.530.190.660.780.270.150.580.240.360.260.09
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Addentax Group Account Relationship Matchups

Addentax Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.0M8.4M18.4M13.1M41.3M52.3M
Short Long Term Debt Total2.2M9.8M6.7M11.6M24.1M25.3M
Other Current Liab4.5M5.7M4.0M2.6M5.6M1.3M
Total Current Liabilities5.7M10.1M12.4M10.4M3.5M4.6M
Total Stockholder Equity(1.7M)(3.1M)(81.5K)(71.4K)24.1M26.0M
Net Tangible Assets(2.2M)(3.1M)(81.5K)(71.4K)(759.3K)(797.3K)
Property Plant And Equipment Net2.4M10.4M7.4M921.6K20.4M21.4M
Net Debt1.7M7.9M5.3M11.1M23.3M24.4M
Retained Earnings(1.8M)(3.2M)(6.8M)(6.8M)(5.5M)(8.6M)
Accounts Payable884.3K3.6M3.1M1.3M267.5K359.5K
Cash277.3K531.7K1.8M1.4M562.7K816.2K
Non Current Assets Total1.2M2.4M10.4M7.4M18.3M23.2M
Cash And Short Term Investments277.3K531.7K1.8M1.4M18.3M18.3M
Net Receivables2.0M4.7M5.4M2.7M3.1M6.3M
Liabilities And Stockholders Equity4.0M8.4M18.4M13.1M41.3M52.3M
Inventory318.0K347.5K270.4K266.6K285.5K63.5K
Other Current Assets230.5K389.9K511.3K1.3M1.3M4.0M
Total Liab5.7M11.5M18.5M13.2M17.2M26.3M
Short Long Term Debt223.5K353.1K5.1M3.8M137.5K1.6M
Total Current Assets2.8M6.0M8.0M5.7M23.0M29.2M
Accumulated Other Comprehensive Income(13.2K)80.0K(89.3K)(157.2K)9.0K100.0K
Short Term Debt223.5K796.7K7.3M7.7M391.7K2.6M
Property Plant Equipment694.4K2.4M794.0K836.4K787.8K824.8K
Non Currrent Assets Other1.1M1.2M9.6M31.5K90.0K291.9K
Current Deferred Revenue18.9K154.0K874.1K2.2K202.6K289.6K
Net Invested Capital2.7M5.0M3.8M35.5M30.3M31.8M
Net Working Capital(4.1M)(4.4M)(4.7M)19.5M24.6M25.8M

Currently Active Assets on Macroaxis

When determining whether Addentax Group Corp is a strong investment it is important to analyze Addentax Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Addentax Group's future performance. For an informed investment choice regarding Addentax Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Addentax Group 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 interest.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Air Freight & Logistics 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 Addentax Group. If investors know Addentax 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 Addentax Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.34)
Earnings Share
(0.70)
Revenue Per Share
1.037
Quarterly Revenue Growth
(0.19)
Return On Assets
(0.02)
The market value of Addentax Group Corp is measured differently than its book value, which is the value of Addentax that is recorded on the company's balance sheet. Investors also form their own opinion of Addentax Group's value that differs from its market value or its book value, called intrinsic value, which is Addentax Group'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 Addentax Group's market value can be influenced by many factors that don't directly affect Addentax Group'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 Addentax Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Addentax Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addentax Group'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.