Addentax Other Stockholder Equity vs Short Long Term Debt Analysis
ATXG Stock | USD 0.60 0.02 3.23% |
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 Other Stockholder Equity and its Short Long Term Debt 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.
Other Stockholder Equity vs Short Long Term Debt
Other Stockholder Equity vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Addentax Group Corp Other Stockholder Equity account and Short Long Term Debt. At this time, the significance of the direction appears to have very week relationship.
The correlation between Addentax Group's Other Stockholder Equity and Short Long Term Debt is 0.25. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Short Long Term Debt 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 Other Stockholder Equity and Short Long 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 Other Stockholder Equity of Addentax Group Corp are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Other Stockholder Equity i.e., Addentax Group's Other Stockholder Equity and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.25 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Stockholder Equity
Short Long Term Debt
The total of a company's short-term and long-term borrowings.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
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Addentax Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Addentax Group fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.0M | 8.4M | 18.4M | 13.1M | 41.3M | 52.3M | |
Short Long Term Debt Total | 2.2M | 9.8M | 6.7M | 11.6M | 24.1M | 25.3M | |
Other Current Liab | 4.5M | 5.7M | 4.0M | 2.6M | 5.6M | 1.3M | |
Total Current Liabilities | 5.7M | 10.1M | 12.4M | 10.4M | 3.5M | 4.6M | |
Total Stockholder Equity | (1.7M) | (3.1M) | (81.5K) | (71.4K) | 24.1M | 26.0M | |
Net Tangible Assets | (2.2M) | (3.1M) | (81.5K) | (71.4K) | (759.3K) | (797.3K) | |
Property Plant And Equipment Net | 2.4M | 10.4M | 7.4M | 921.6K | 20.4M | 21.4M | |
Net Debt | 1.7M | 7.9M | 5.3M | 11.1M | 23.3M | 24.4M | |
Retained Earnings | (1.8M) | (3.2M) | (6.8M) | (6.8M) | (5.5M) | (8.6M) | |
Accounts Payable | 884.3K | 3.6M | 3.1M | 1.3M | 267.5K | 359.5K | |
Cash | 277.3K | 531.7K | 1.8M | 1.4M | 562.7K | 816.2K | |
Non Current Assets Total | 1.2M | 2.4M | 10.4M | 7.4M | 18.3M | 23.2M | |
Cash And Short Term Investments | 277.3K | 531.7K | 1.8M | 1.4M | 18.3M | 18.3M | |
Net Receivables | 2.0M | 4.7M | 5.4M | 2.7M | 3.1M | 6.3M | |
Liabilities And Stockholders Equity | 4.0M | 8.4M | 18.4M | 13.1M | 41.3M | 52.3M | |
Inventory | 318.0K | 347.5K | 270.4K | 266.6K | 285.5K | 63.5K | |
Other Current Assets | 230.5K | 389.9K | 511.3K | 1.3M | 1.3M | 4.0M | |
Total Liab | 5.7M | 11.5M | 18.5M | 13.2M | 17.2M | 26.3M | |
Short Long Term Debt | 223.5K | 353.1K | 5.1M | 3.8M | 137.5K | 1.6M | |
Total Current Assets | 2.8M | 6.0M | 8.0M | 5.7M | 23.0M | 29.2M | |
Accumulated Other Comprehensive Income | (13.2K) | 80.0K | (89.3K) | (157.2K) | 9.0K | 100.0K | |
Short Term Debt | 223.5K | 796.7K | 7.3M | 7.7M | 391.7K | 2.6M | |
Property Plant Equipment | 694.4K | 2.4M | 794.0K | 836.4K | 787.8K | 824.8K | |
Non Currrent Assets Other | 1.1M | 1.2M | 9.6M | 31.5K | 90.0K | 291.9K | |
Current Deferred Revenue | 18.9K | 154.0K | 874.1K | 2.2K | 202.6K | 289.6K | |
Net Invested Capital | 2.7M | 5.0M | 3.8M | 35.5M | 30.3M | 31.8M | |
Net Working Capital | (4.1M) | (4.4M) | (4.7M) | 19.5M | 24.6M | 25.8M |
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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.