Axfood Total Stockholder Equity vs Total Liab Analysis

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 Total Stockholder Equity and its Total Liab 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.

Total Stockholder Equity vs Total Liab

Total Stockholder Equity vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Axfood AB Total Stockholder Equity account and Total Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Axfood AB's Total Stockholder Equity and Total Liab is 0.83. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Liab 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 Total Stockholder Equity 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 Total Stockholder Equity of Axfood AB 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 Total Stockholder Equity i.e., Axfood AB's Total Stockholder Equity and Total Liab go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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
 2020 2021 2023 2024 (projected)
Interest Income107M122M140.3M77.7M
Tax Provision531M488M561.2M520.5M

Axfood AB fundamental ratios Correlations

0.970.980.860.40.96-0.840.960.930.930.791.00.890.920.660.980.60.960.250.92-0.02-0.4
0.970.910.710.210.97-0.810.870.820.830.740.980.760.80.550.960.410.920.170.810.13-0.34
0.980.910.920.520.91-0.850.990.980.970.820.980.950.960.720.970.720.960.330.97-0.13-0.44
0.860.710.920.770.74-0.720.940.970.950.730.830.980.940.850.830.880.90.460.97-0.36-0.55
0.40.210.520.770.23-0.40.550.650.630.230.370.680.670.680.390.860.50.460.67-0.59-0.41
0.960.970.910.740.23-0.820.870.840.80.740.970.750.820.530.920.380.930.070.790.05-0.4
-0.84-0.81-0.85-0.72-0.4-0.82-0.86-0.84-0.79-0.71-0.84-0.71-0.83-0.59-0.85-0.49-0.82-0.2-0.8-0.270.4
0.960.870.990.940.550.87-0.860.990.980.830.950.960.970.740.950.760.940.360.98-0.12-0.44
0.930.820.980.970.650.84-0.840.990.970.770.920.960.990.750.910.80.930.330.98-0.2-0.43
0.930.830.970.950.630.8-0.790.980.970.810.920.980.950.810.940.840.930.511.0-0.19-0.48
0.790.740.820.730.230.74-0.710.830.770.810.780.80.70.710.810.560.810.540.790.06-0.64
1.00.980.980.830.370.97-0.840.950.920.920.780.870.90.640.980.570.960.230.90.0-0.38
0.890.760.950.980.680.75-0.710.960.960.980.80.870.940.820.880.880.90.510.99-0.33-0.51
0.920.80.960.940.670.82-0.830.970.990.950.70.90.940.680.890.80.890.260.96-0.24-0.34
0.660.550.720.850.680.53-0.590.740.750.810.710.640.820.680.690.770.80.730.8-0.16-0.79
0.980.960.970.830.390.92-0.850.950.910.940.810.980.880.890.690.620.950.370.930.04-0.41
0.60.410.720.880.860.38-0.490.760.80.840.560.570.880.80.770.620.630.630.86-0.5-0.39
0.960.920.960.90.50.93-0.820.940.930.930.810.960.90.890.80.950.630.370.92-0.09-0.61
0.250.170.330.460.460.07-0.20.360.330.510.540.230.510.260.730.370.630.370.49-0.19-0.68
0.920.810.970.970.670.79-0.80.980.981.00.790.90.990.960.80.930.860.920.49-0.24-0.48
-0.020.13-0.13-0.36-0.590.05-0.27-0.12-0.2-0.190.060.0-0.33-0.24-0.160.04-0.5-0.09-0.19-0.240.14
-0.4-0.34-0.44-0.55-0.41-0.40.4-0.44-0.43-0.48-0.64-0.38-0.51-0.34-0.79-0.41-0.39-0.61-0.68-0.480.14
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Axfood AB Account Relationship Matchups

Axfood AB fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.2B17.3B18.8B23.7B27.3B18.4B
Total Current Liabilities7.5B8.2B12.1B12.7B14.7B9.6B
Total Stockholder Equity4.3B4.0B4.3B5.0B5.7B4.8B
Retained Earnings3.3B3.7B4.2B4.3B5.0B4.2B
Other Assets243M258M352M271M311.7M257.0M
Cash And Short Term Investments1.6B798M1.5B734M660.6M962.1M
Net Receivables2.0B2.0B3.2B3.6B4.1B2.6B
Inventory2.4B2.7B3.1B3.8B4.4B3.0B
Other Stockholder Equity(30M)(82M)(39M)46M52.9M55.5M
Total Liab7.9B13.3B14.5B18.8B21.6B13.6B
Total Current Assets5.4B6.4B7.5B8.5B9.7B7.3B
Intangible Assets682M705M750M1.4B1.7B946.7M
Property Plant Equipment8.2B8.6B10.2B14.3B16.5B8.3B
Other Current Liab518M666M805M1.1B1.3B851.6M
Other Liab1.4B1.5B1.6B1.6B1.8B1.6B
Net Tangible Assets548M812M(343M)1.6B1.9B2.0B
Accounts Payable3.8B4.4B5.8B7.2B8.3B5.5B

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Additional Tools for Axfood Stock Analysis

When running Axfood AB's price analysis, check to 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.