American Retained Earnings vs Cash And Short Term Investments 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 Retained Earnings and its Cash And Short Term Investments 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.

Retained Earnings vs Cash And Short Term Investments

Retained Earnings vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Battery Tec Retained Earnings account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between American Battery's Retained Earnings and Cash And Short Term Investments is -0.52. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Short Term Investments 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 Retained Earnings and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of American Battery Technology are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Retained Earnings i.e., American Battery's Retained Earnings and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.52

Relationship Direction	Negative
Relationship Strength	Very Weak

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of American Battery Tec balance sheet. This account contains American Battery investments that will expire within one year. These investments include stocks and bonds that can be liquidated by American Battery Technology fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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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