Avante Net Debt vs Short Long Term Debt Analysis

XX Stock  CAD 0.94  0.05  5.62%   
Avante Logixx financial indicator trend analysis is way more than just evaluating Avante Logixx prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avante Logixx is a good investment. Please check the relationship between Avante Logixx Net Debt and its Short Long Term Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Avante Logixx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Debt vs Short Long Term Debt

Net Debt vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avante Logixx Net Debt account and Short Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Avante Logixx's Net Debt and Short Long Term Debt is 0.73. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Avante Logixx, assuming nothing else is changed. The correlation between historical values of Avante Logixx's Net Debt 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 Net Debt of Avante Logixx 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 Net Debt i.e., Avante Logixx's Net Debt and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.73
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.

Short Long Term Debt

The total of a company's short-term and long-term borrowings.
Most indicators from Avante Logixx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avante Logixx 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Avante Logixx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Discontinued Operations is likely to climb to about 1.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 6.5 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit7.8M8.1M2.7M2.5M
Total Revenue18.2M20.0M24.9M21.3M

Avante Logixx fundamental ratios Correlations

0.980.830.71-0.420.95-0.06-0.060.740.41-0.490.950.90.840.420.910.690.880.530.870.850.79-0.49-0.630.710.76
0.980.750.78-0.430.95-0.2-0.20.690.48-0.490.970.90.820.470.870.650.850.450.890.860.8-0.47-0.590.730.73
0.830.750.22-0.40.670.340.340.840.31-0.430.620.780.550.260.730.720.690.580.470.430.52-0.18-0.490.440.6
0.710.780.22-0.070.76-0.68-0.680.190.4-0.370.860.590.710.40.620.320.670.230.920.880.75-0.67-0.320.730.58
-0.42-0.43-0.4-0.07-0.43-0.35-0.35-0.69-0.370.21-0.38-0.58-0.3-0.51-0.42-0.04-0.160.09-0.26-0.33-0.13-0.40.770.0-0.04
0.950.950.670.76-0.43-0.13-0.130.670.22-0.490.960.780.950.290.960.650.920.460.910.920.86-0.59-0.610.780.79
-0.06-0.20.34-0.68-0.35-0.131.00.37-0.290.23-0.260.0-0.1-0.190.040.0-0.11-0.02-0.33-0.29-0.20.4-0.28-0.27-0.12
-0.06-0.20.34-0.68-0.35-0.131.00.37-0.290.23-0.260.0-0.1-0.190.040.0-0.11-0.02-0.33-0.29-0.20.4-0.28-0.27-0.12
0.740.690.840.19-0.690.670.370.370.23-0.310.60.730.580.270.740.550.590.420.450.450.44-0.07-0.670.330.46
0.410.480.310.4-0.370.22-0.29-0.290.23-0.160.410.71-0.050.930.06-0.02-0.02-0.080.350.290.010.29-0.32-0.04-0.12
-0.49-0.49-0.43-0.370.21-0.490.230.23-0.31-0.16-0.45-0.37-0.42-0.1-0.56-0.52-0.52-0.55-0.35-0.37-0.330.240.38-0.3-0.51
0.950.970.620.86-0.380.96-0.26-0.260.60.41-0.450.850.880.450.880.560.850.410.970.960.83-0.58-0.620.750.73
0.90.90.780.59-0.580.780.00.00.730.71-0.370.850.60.740.710.450.590.290.760.730.53-0.14-0.690.430.43
0.840.820.550.71-0.30.95-0.1-0.10.58-0.05-0.420.880.60.060.950.610.930.440.860.880.87-0.71-0.510.810.8
0.420.470.260.4-0.510.29-0.19-0.190.270.93-0.10.450.740.060.14-0.13-0.04-0.190.410.4-0.010.32-0.46-0.09-0.2
0.910.870.730.62-0.420.960.040.040.740.06-0.560.880.710.950.140.70.930.550.820.830.83-0.58-0.660.750.81
0.690.650.720.32-0.040.650.00.00.55-0.02-0.520.560.450.61-0.130.70.80.880.410.420.53-0.54-0.250.510.82
0.880.850.690.67-0.160.92-0.11-0.110.59-0.02-0.520.850.590.93-0.040.930.80.660.80.790.9-0.76-0.430.860.96
0.530.450.580.230.090.46-0.02-0.020.42-0.08-0.550.410.290.44-0.190.550.880.660.280.330.33-0.55-0.290.310.76
0.870.890.470.92-0.260.91-0.33-0.330.450.35-0.350.970.760.860.410.820.410.80.280.970.85-0.64-0.560.80.67
0.850.860.430.88-0.330.92-0.29-0.290.450.29-0.370.960.730.880.40.830.420.790.330.970.79-0.64-0.640.710.68
0.790.80.520.75-0.130.86-0.2-0.20.440.01-0.330.830.530.87-0.010.830.530.90.330.850.79-0.72-0.330.990.83
-0.49-0.47-0.18-0.67-0.4-0.590.40.4-0.070.290.24-0.58-0.14-0.710.32-0.58-0.54-0.76-0.55-0.64-0.64-0.720.03-0.75-0.78
-0.63-0.59-0.49-0.320.77-0.61-0.28-0.28-0.67-0.320.38-0.62-0.69-0.51-0.46-0.66-0.25-0.43-0.29-0.56-0.64-0.330.03-0.19-0.35
0.710.730.440.730.00.78-0.27-0.270.33-0.04-0.30.750.430.81-0.090.750.510.860.310.80.710.99-0.75-0.190.81
0.760.730.60.58-0.040.79-0.12-0.120.46-0.12-0.510.730.430.8-0.20.810.820.960.760.670.680.83-0.78-0.350.81
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Avante Logixx Account Relationship Matchups

Avante Logixx fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets49.1M44.1M42.9M25.6M25.2M19.2M
Total Current Liabilities19.1M16.0M17.9M7.4M8.9M7.1M
Total Stockholder Equity14.5M11.6M16.1M16.8M13.5M8.8M
Net Debt14.6M12.3M9.4M(8.0M)(4.7M)(4.4M)
Retained Earnings(7.4M)(10.3M)(15.7M)(15.7M)(18.7M)(17.8M)
Accounts Payable10.0M10.4M6.2M4.2M4.6M4.5M
Cash1.3M1.6M354.1K10.1M6.0M6.3M
Cash And Short Term Investments1.3M1.6M354.1K10.1M6.0M6.3M
Liabilities And Stockholders Equity49.1M44.1M42.9M25.6M25.2M19.2M
Other Current Assets771.1K496.6K29.6M192.7K591.8K562.2K
Other Stockholder Equity1.5M1.5M1.6M2.3M2.4M3.0M
Total Liab34.2M32.5M26.9M8.8M11.7M10.3M
Total Current Assets21.0M22.6M35.0M17.3M15.4M11.1M
Net Receivables17.1M18.9M4.1M6.1M7.7M5.4M
Other Current Liab158.5K3.0M8.5M1.4M1.6M1.4M
Property Plant And Equipment Net4.0M3.9M1.7M2.4M2.3M1.5M
Current Deferred Revenue3.2M3.0M2.3M2.1M2.4M2.4M
Non Current Assets Total28.1M21.5M8.0M8.3M9.8M9.2M
Inventory1.8M1.6M936.2K929.4K1.1M1.2M
Short Long Term Debt Total16.0M13.9M9.7M2.1M1.4M1.3M
Non Current Liabilities Total15.1M16.4M9.0M1.4M2.8M4.4M
Short Term Debt5.7M2.6M949.0K1.1M562.1K533.9K
Net Tangible Assets2.6M(6.8M)(4.0M)11.3M10.2M10.7M
Other Assets(2.0)(1.0)2.01.00.90.86
Short Long Term Debt4.9M1.9M443.4K500K89.7K85.2K
Intangible Assets10.6M5.9M1.7M1.9M2.5M4.4M
Property Plant Equipment2.3M3.8M3.7M1.7M1.9M2.0M
Other Liab1.6M4.9M5.2M8.8M10.1M10.6M
Long Term Debt516.1K8.6M9.9M8.4M9.7M10.2M
Good Will8.2M10.5M9.6M3.0M4.5M5.5M
Non Currrent Assets Other98.8K275.5K13.4K(1.0)(0.9)(0.85)
Capital Lease Obligations2.4M2.2M840.7K1.6M1.4M1.3M
Net Invested Capital28.0M23.4M24.9M17.3M13.6M15.9M
Net Working Capital1.9M6.6M17.1M9.9M6.5M7.3M

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