American Net Borrowings vs Net Income Analysis

ABAT Stock

0.89 0.13 17.11%

American Battery financial indicator trend analysis is way more than just evaluating American Battery Tec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Battery Tec is a good investment. Please check the relationship between American Battery Net Borrowings and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Battery Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Borrowings vs Net Income

Net Borrowings vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Battery Tec Net Borrowings account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between American Battery's Net Borrowings and Net Income is -0.49. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Net Income in the same time period over historical financial statements of American Battery Technology, assuming nothing else is changed. The correlation between historical values of American Battery's Net Borrowings and Net Income 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 Borrowings of American Battery Technology are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Borrowings i.e., American Battery's Net Borrowings and Net Income go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in American Battery Tec financial statement analysis. It represents the amount of money remaining after all of American Battery Technology operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from American Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Battery Tec 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 American Battery Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Selling General Administrative is likely to drop to about 10.9 M in 2024. Issuance Of Capital Stock is likely to drop to about 34.2 M in 2024

	2021	2022	2023	2024 (projected)
Research Development	963.4K	7.7M	14.3M	15.0M
Income Tax Expense	71.8K	205.6K	180.4K	171.3K

Research Development Income Tax Expense

American Battery fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Current Liab	Non Current Liabilities Total	Current Deferred Revenue	Non Current Assets Total	Long Term Debt	Net Invested Capital	Short Long Term Debt	Capital Stock	Net Working Capital	Net Tangible Assets	Non Currrent Assets Other
Total Assets		0.89	0.89	0.99	-0.22	-0.95	0.85	0.48	0.48	0.66	0.98	0.89	0.77	0.89	0.14	0.63	0.2	-0.77	0.97	-0.69	0.95	0.77	-0.11	0.33	1.0	0.93
Short Long Term Debt Total	0.89		0.96	0.85	0.23	-0.85	0.9	0.05	0.05	0.69	0.87	0.96	0.44	1.0	-0.24	0.65	0.25	-0.65	0.96	-0.77	0.81	0.57	-0.25	-0.04	0.88	0.74
Total Current Liabilities	0.89	0.96		0.84	0.13	-0.9	0.92	0.13	0.13	0.74	0.9	1.0	0.51	0.96	-0.08	0.79	0.21	-0.81	0.93	-0.77	0.84	0.68	-0.08	0.13	0.88	0.75
Total Stockholder Equity	0.99	0.85	0.84		-0.29	-0.94	0.81	0.54	0.54	0.62	0.97	0.84	0.8	0.85	0.18	0.58	0.19	-0.74	0.95	-0.66	0.95	0.76	-0.11	0.36	1.0	0.95
Net Debt	-0.22	0.23	0.13	-0.29		0.27	0.05	-0.96	-0.96	-0.03	-0.27	0.13	-0.75	0.23	-0.87	0.04	0.14	0.31	0.0	-0.09	-0.29	-0.44	-0.35	-0.87	-0.26	-0.43
Retained Earnings	-0.95	-0.85	-0.9	-0.94	0.27		-0.89	-0.52	-0.52	-0.76	-0.99	-0.9	-0.8	-0.84	-0.29	-0.7	-0.1	0.89	-0.9	0.69	-0.93	-0.85	-0.09	-0.45	-0.96	-0.94
Accounts Payable	0.85	0.9	0.92	0.81	0.05	-0.89		0.19	0.19	0.93	0.89	0.92	0.6	0.9	-0.03	0.54	0.27	-0.76	0.85	-0.88	0.75	0.64	-0.02	0.18	0.86	0.81
Cash	0.48	0.05	0.13	0.54	-0.96	-0.52	0.19		1.0	0.2	0.52	0.14	0.89	0.05	0.83	0.17	-0.1	-0.5	0.27	-0.08	0.54	0.62	0.29	0.88	0.51	0.65
Cash And Short Term Investments	0.48	0.05	0.13	0.54	-0.96	-0.52	0.19	1.0		0.2	0.52	0.14	0.89	0.05	0.83	0.17	-0.1	-0.5	0.27	-0.08	0.54	0.62	0.29	0.87	0.51	0.65
Common Stock Shares Outstanding	0.66	0.69	0.74	0.62	-0.03	-0.76	0.93	0.2	0.2		0.75	0.75	0.58	0.69	0.12	0.39	0.34	-0.72	0.61	-0.85	0.57	0.61	0.22	0.32	0.67	0.7
Other Stockholder Equity	0.98	0.87	0.9	0.97	-0.27	-0.99	0.89	0.52	0.52	0.75		0.9	0.81	0.86	0.24	0.66	0.14	-0.86	0.93	-0.72	0.94	0.82	0.02	0.43	0.98	0.95
Total Liab	0.89	0.96	1.0	0.84	0.13	-0.9	0.92	0.14	0.14	0.75	0.9		0.52	0.95	-0.07	0.79	0.22	-0.81	0.92	-0.77	0.84	0.68	-0.08	0.13	0.88	0.75
Total Current Assets	0.77	0.44	0.51	0.8	-0.75	-0.8	0.6	0.89	0.89	0.58	0.81	0.52		0.44	0.61	0.34	0.14	-0.71	0.6	-0.52	0.75	0.74	0.16	0.79	0.8	0.87
Short Term Debt	0.89	1.0	0.96	0.85	0.23	-0.84	0.9	0.05	0.05	0.69	0.86	0.95	0.44		-0.26	0.63	0.24	-0.64	0.96	-0.77	0.8	0.56	-0.26	-0.06	0.88	0.74
Common Stock	0.14	-0.24	-0.08	0.18	-0.87	-0.29	-0.03	0.83	0.83	0.12	0.24	-0.07	0.61	-0.26		0.16	-0.29	-0.46	-0.06	0.17	0.27	0.6	0.74	0.91	0.16	0.4
Other Current Liab	0.63	0.65	0.79	0.58	0.04	-0.7	0.54	0.17	0.17	0.39	0.66	0.79	0.34	0.63	0.16		0.05	-0.8	0.67	-0.31	0.76	0.73	0.19	0.27	0.61	0.5
Non Current Liabilities Total	0.2	0.25	0.21	0.19	0.14	-0.1	0.27	-0.1	-0.1	0.34	0.14	0.22	0.14	0.24	-0.29	0.05		-0.02	0.2	-0.51	0.14	0.06	-0.17	0.04	0.21	0.07
Current Deferred Revenue	-0.77	-0.65	-0.81	-0.74	0.31	0.89	-0.76	-0.5	-0.5	-0.72	-0.86	-0.81	-0.71	-0.64	-0.46	-0.8	-0.02		-0.71	0.55	-0.81	-0.87	-0.35	-0.56	-0.78	-0.81
Non Current Assets Total	0.97	0.96	0.93	0.95	0.0	-0.9	0.85	0.27	0.27	0.61	0.93	0.92	0.6	0.96	-0.06	0.67	0.2	-0.71		-0.68	0.92	0.69	-0.19	0.12	0.96	0.85
Long Term Debt	-0.69	-0.77	-0.77	-0.66	-0.09	0.69	-0.88	-0.08	-0.08	-0.85	-0.72	-0.77	-0.52	-0.77	0.17	-0.31	-0.51	0.55	-0.68		-0.5	-0.37	0.18	-0.14	-0.7	-0.6
Net Invested Capital	0.95	0.81	0.84	0.95	-0.29	-0.93	0.75	0.54	0.54	0.57	0.94	0.84	0.75	0.8	0.27	0.76	0.14	-0.81	0.92	-0.5		0.88	0.06	0.43	0.95	0.9
Short Long Term Debt	0.77	0.57	0.68	0.76	-0.44	-0.85	0.64	0.62	0.62	0.61	0.82	0.68	0.74	0.56	0.6	0.73	0.06	-0.87	0.69	-0.37	0.88		0.52	0.68	0.77	0.84
Capital Stock	-0.11	-0.25	-0.08	-0.11	-0.35	-0.09	-0.02	0.29	0.29	0.22	0.02	-0.08	0.16	-0.26	0.74	0.19	-0.17	-0.35	-0.19	0.18	0.06	0.52		0.61	-0.1	0.13
Net Working Capital	0.33	-0.04	0.13	0.36	-0.87	-0.45	0.18	0.88	0.87	0.32	0.43	0.13	0.79	-0.06	0.91	0.27	0.04	-0.56	0.12	-0.14	0.43	0.68	0.61		0.37	0.51
Net Tangible Assets	1.0	0.88	0.88	1.0	-0.26	-0.96	0.86	0.51	0.51	0.67	0.98	0.88	0.8	0.88	0.16	0.61	0.21	-0.78	0.96	-0.7	0.95	0.77	-0.1	0.37		0.94
Non Currrent Assets Other	0.93	0.74	0.75	0.95	-0.43	-0.94	0.81	0.65	0.65	0.7	0.95	0.75	0.87	0.74	0.4	0.5	0.07	-0.81	0.85	-0.6	0.9	0.84	0.13	0.51	0.94

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American Battery Account Relationship Matchups

American Battery fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2M	21.3M	52.9M	74.7M	77.7M	81.6M
Short Long Term Debt Total	398.9K	442.4K	175.8K	6.2M	6.5M	6.8M
Total Current Liabilities	5.8M	1.8M	3.1M	13.4M	15.8M	16.6M
Total Stockholder Equity	(4.9M)	19.4M	49.6M	61.2M	61.5M	64.5M
Net Debt	(387.5K)	(12.8M)	(28.8M)	3.9M	(500.1K)	(525.1K)
Retained Earnings	(63.2M)	(105.1M)	(138.6M)	(160.0M)	(213.3M)	(202.7M)
Accounts Payable	514.8K	1.6M	344.1K	1.8M	4.3M	4.5M
Cash	829.9K	12.8M	29.0M	2.3M	7.0M	4.8M
Cash And Short Term Investments	829.9K	12.8M	29.0M	2.3M	7.0M	4.8M
Common Stock Shares Outstanding	17.0M	33.2M	2.8M	2.9M	52.0M	54.6M
Liabilities And Stockholders Equity	1.2M	21.3M	52.9M	74.7M	77.7M	81.6M
Other Stockholder Equity	55.5M	121.9M	188.2M	221.7M	274.7M	288.5M
Total Liab	6.1M	1.8M	3.2M	13.4M	16.2M	17.0M
Total Current Assets	1.1M	14.1M	29.9M	4.8M	18.4M	19.3M
Short Term Debt	398.3K	135.7K	99.8K	6.1M	6.5M	6.8M
Common Stock	365.2K	573.3K	644.1K	45.9K	64.1K	60.9K
Other Current Liab	5.7M	205.6K	2.6M	5.8M	5.0M	2.9M
Non Current Liabilities Total	306.6K	0.0	175.8K	54.3K	409.2K	429.7K
Property Plant And Equipment Net	58.8K	5.5M	19.1M	38.3M	54.8M	57.5M
Non Current Assets Total	94.1K	7.1M	23.0M	69.9M	59.3M	62.2M

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