| 0R6R Stock | | | 228.40 0.70 0.31% |
Axfood AB financial indicator trend analysis is way more than just evaluating Axfood AB prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axfood AB is a good investment. Please check the relationship between Axfood AB Long Term Debt and its Net Receivables accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Axfood AB. 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.
Long Term Debt vs Net Receivables
Long Term Debt vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Axfood AB Long Term Debt account and
Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Axfood AB's Long Term Debt and Net Receivables is -0.44. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Axfood AB, assuming nothing else is changed. The correlation between historical values of Axfood AB's Long Term Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Axfood AB are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Long Term Debt i.e., Axfood AB's Long Term Debt and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.44 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that Axfood AB has held for over one year. Long-term debt appears on Axfood AB balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Axfood AB balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Net Receivables
Most indicators from Axfood AB's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axfood AB 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 Axfood AB. 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.
Tax Provision is likely to drop to about 520.5
M in 2024.
Selling General Administrative is likely to drop to about 6.1
B in 2024
Axfood AB fundamental ratios Correlations
Click cells to compare fundamentals
Axfood AB Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Axfood AB fundamental ratios Accounts
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Additional Tools for Axfood Stock Analysis
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measure Axfood AB's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Axfood AB is operating at the current time. Most of Axfood AB's value examination focuses on studying past and present price action to
predict the probability of Axfood AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axfood AB's price. Additionally, you may evaluate how the addition of Axfood AB to your portfolios can decrease your overall portfolio volatility.