ABM Net Debt vs Total Current Assets Analysis

ABMINTLLTD

68.84 0.88 1.26%

ABM International financial indicator trend analysis is way more than just evaluating ABM International prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ABM International is a good investment. Please check the relationship between ABM International Net Debt and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ABM International Limited. 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 Total Current Assets

Net Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ABM International Net Debt account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between ABM International's Net Debt and Total Current Assets is 0.93. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of ABM International Limited, assuming nothing else is changed. The correlation between historical values of ABM International's Net Debt and Total Current Assets 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 ABM International Limited are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Debt i.e., ABM International's Net Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from ABM International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ABM International 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 ABM International Limited. 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.

Selling General Administrative is expected to rise to about 3 M this year, although the value of Tax Provision is projected to rise to (11.1 M).

	2021	2022	2023	2024 (projected)
Interest Expense	366K	1.3M	5.6M	5.8M
Depreciation And Amortization	593K	484K	400K	380K

Interest Expense Depreciation And Amortization

ABM International fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Short Long Term Debt Total	Current Deferred Revenue	Other Assets	Net Receivables	Short Term Debt	Short Term Investments
Total Assets		-0.28	0.96	-0.4	0.66	0.94	0.48	0.91	-0.32	0.26	0.9	0.05	0.3	-0.4	0.48	-0.17	0.94	0.99	-0.66	-0.45	0.81	0.2	-0.38	0.75	0.83	-0.53
Other Current Liab	-0.28		-0.16	-0.2	0.09	-0.39	0.03	-0.16	-0.45	-0.34	-0.17	-0.31	-0.08	0.15	-0.16	0.22	-0.16	-0.21	-0.29	-0.3	0.17	-0.1	-0.18	0.08	0.15	0.03
Total Current Liabilities	0.96	-0.16		-0.56	0.65	0.94	0.3	0.89	-0.38	0.22	0.87	-0.02	0.3	-0.23	0.44	-0.19	0.97	0.97	-0.71	-0.38	0.84	0.13	-0.3	0.71	0.88	-0.54
Total Stockholder Equity	-0.4	-0.2	-0.56		-0.35	-0.4	0.1	-0.47	0.42	0.1	-0.45	0.05	-0.76	-0.1	0.0	0.65	-0.69	-0.44	0.46	0.2	-0.51	0.0	0.1	-0.29	-0.52	0.25
Property Plant And Equipment Net	0.66	0.09	0.65	-0.35		0.6	0.59	0.6	-0.32	0.36	0.56	-0.29	0.22	-0.51	0.61	-0.08	0.63	0.66	-0.74	-0.52	0.72	0.35	-0.56	0.83	0.75	-0.64
Net Debt	0.94	-0.39	0.94	-0.4	0.6		0.37	0.85	-0.26	0.32	0.8	-0.06	0.25	-0.3	0.54	-0.2	0.9	0.93	-0.64	-0.4	0.74	0.16	-0.31	0.68	0.79	-0.6
Retained Earnings	0.48	0.03	0.3	0.1	0.59	0.37		0.53	-0.31	0.07	0.48	-0.2	0.17	-0.75	0.49	0.03	0.31	0.48	-0.6	-0.82	0.53	0.24	-0.67	0.62	0.43	-0.4
Cash	0.91	-0.16	0.89	-0.47	0.6	0.85	0.53		-0.58	0.04	0.96	0.07	0.43	-0.49	0.34	-0.23	0.9	0.95	-0.74	-0.61	0.89	0.11	-0.48	0.72	0.88	-0.53
Non Current Assets Total	-0.32	-0.45	-0.38	0.42	-0.32	-0.26	-0.31	-0.58		0.5	-0.55	-0.09	-0.27	0.3	0.1	0.07	-0.41	-0.44	0.6	0.67	-0.67	-0.13	0.61	-0.45	-0.61	0.22
Non Currrent Assets Other	0.26	-0.34	0.22	0.1	0.36	0.32	0.07	0.04	0.5		-0.04	0.03	-0.04	-0.03	0.56	-0.12	0.19	0.18	-0.07	0.24	-0.09	0.08	0.12	0.27	0.12	-0.63
Cash And Short Term Investments	0.9	-0.17	0.87	-0.45	0.56	0.8	0.48	0.96	-0.55	-0.04		0.11	0.41	-0.38	0.28	-0.16	0.88	0.93	-0.71	-0.5	0.85	0.07	-0.38	0.61	0.82	-0.37
Common Stock Shares Outstanding	0.05	-0.31	-0.02	0.05	-0.29	-0.06	-0.2	0.07	-0.09	0.03	0.11		0.16	-0.1	-0.46	-0.28	0.03	0.06	0.37	0.29	-0.21	0.11	0.02	-0.09	-0.17	0.05
Non Current Liabilities Total	0.3	-0.08	0.3	-0.76	0.22	0.25	0.17	0.43	-0.27	-0.04	0.41	0.16		-0.18	-0.04	-0.87	0.52	0.32	-0.26	-0.24	0.29	0.06	-0.17	0.2	0.26	-0.16
Inventory	-0.4	0.15	-0.23	-0.1	-0.51	-0.3	-0.75	-0.49	0.3	-0.03	-0.38	-0.1	-0.18		-0.14	0.15	-0.24	-0.41	0.24	0.67	-0.42	-0.42	0.71	-0.68	-0.33	0.33
Other Current Assets	0.48	-0.16	0.44	0.0	0.61	0.54	0.49	0.34	0.1	0.56	0.28	-0.46	-0.04	-0.14		0.19	0.38	0.44	-0.57	-0.3	0.42	0.33	-0.38	0.41	0.49	-0.51
Other Stockholder Equity	-0.17	0.22	-0.19	0.65	-0.08	-0.2	0.03	-0.23	0.07	-0.12	-0.16	-0.28	-0.87	0.15	0.19		-0.38	-0.18	-0.01	0.04	-0.04	-0.1	0.02	-0.19	-0.06	0.19
Total Liab	0.94	-0.16	0.97	-0.69	0.63	0.9	0.31	0.9	-0.41	0.19	0.88	0.03	0.52	-0.24	0.38	-0.38		0.95	-0.7	-0.4	0.82	0.13	-0.31	0.68	0.85	-0.53
Total Current Assets	0.99	-0.21	0.97	-0.44	0.66	0.93	0.48	0.95	-0.44	0.18	0.93	0.06	0.32	-0.41	0.44	-0.18	0.95		-0.72	-0.5	0.86	0.19	-0.43	0.77	0.87	-0.54
Common Stock	-0.66	-0.29	-0.71	0.46	-0.74	-0.64	-0.6	-0.74	0.6	-0.07	-0.71	0.37	-0.26	0.24	-0.57	-0.01	-0.7	-0.72		0.7	-0.86	0.0	0.46	-0.62	-0.87	0.63
Accounts Payable	-0.45	-0.3	-0.38	0.2	-0.52	-0.4	-0.82	-0.61	0.67	0.24	-0.5	0.29	-0.24	0.67	-0.3	0.04	-0.4	-0.5	0.7		-0.71	-0.18	0.76	-0.65	-0.59	0.41
Short Long Term Debt Total	0.81	0.17	0.84	-0.51	0.72	0.74	0.53	0.89	-0.67	-0.09	0.85	-0.21	0.29	-0.42	0.42	-0.04	0.82	0.86	-0.86	-0.71		0.16	-0.57	0.74	0.96	-0.49
Current Deferred Revenue	0.2	-0.1	0.13	0.0	0.35	0.16	0.24	0.11	-0.13	0.08	0.07	0.11	0.06	-0.42	0.33	-0.1	0.13	0.19	0.0	-0.18	0.16		-0.73	0.44	0.13	0.06
Other Assets	-0.38	-0.18	-0.3	0.1	-0.56	-0.31	-0.67	-0.48	0.61	0.12	-0.38	0.02	-0.17	0.71	-0.38	0.02	-0.31	-0.43	0.46	0.76	-0.57	-0.73		-0.67	-0.49	0.26
Net Receivables	0.75	0.08	0.71	-0.29	0.83	0.68	0.62	0.72	-0.45	0.27	0.61	-0.09	0.2	-0.68	0.41	-0.19	0.68	0.77	-0.62	-0.65	0.74	0.44	-0.67		0.76	-0.6
Short Term Debt	0.83	0.15	0.88	-0.52	0.75	0.79	0.43	0.88	-0.61	0.12	0.82	-0.17	0.26	-0.33	0.49	-0.06	0.85	0.87	-0.87	-0.59	0.96	0.13	-0.49	0.76		-0.64
Short Term Investments	-0.53	0.03	-0.54	0.25	-0.64	-0.6	-0.4	-0.53	0.22	-0.63	-0.37	0.05	-0.16	0.33	-0.51	0.19	-0.53	-0.54	0.63	0.41	-0.49	0.06	0.26	-0.6	-0.64

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ABM International Account Relationship Matchups

ABM International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	285.4M	308.3M	267.5M	351.8M	391.5M	313.0M
Other Current Liab	62.3M	49.8M	5.6M	16.9M	4.7M	4.5M
Total Current Liabilities	154.9M	76.2M	19.1M	167.2M	240.1M	172.3M
Total Stockholder Equity	127.9M	229.3M	245.1M	181.9M	148.5M	181.8M
Property Plant And Equipment Net	2.1M	1.7M	1.8M	6.0M	1.3M	1.2M
Net Debt	(26.0M)	(48.5M)	(69.4M)	(38.9M)	58.4M	31.2M
Retained Earnings	(5.6M)	95.9M	109.6M	42.6M	8.5M	8.1M
Cash	26.0M	48.5M	69.4M	38.9M	42.1M	68.8M
Non Current Assets Total	56.5M	55.3M	56.7M	75.0M	86.6M	70.2M
Non Currrent Assets Other	5.7M	5.3M	5.2M	1M	51.2M	53.8M
Cash And Short Term Investments	26.0M	48.5M	69.4M	111.6M	42.1M	72.6M
Liabilities And Stockholders Equity	285.4M	308.3M	267.5M	351.8M	391.5M	313.0M
Non Current Liabilities Total	2.6M	2.9M	3.3M	2.7M	2.8M	2.7M
Inventory	106.5M	46.4M	12.8M	134.7M	141.8M	148.9M
Other Current Assets	254K	222K	21.3M	14.0M	72.8M	71.3M
Other Stockholder Equity	(16.1M)	(2.0K)	1.0	41.4M	45.2M	0.95
Total Liab	157.5M	79.1M	22.4M	169.8M	242.9M	180.8M
Total Current Assets	229.0M	253.0M	210.9M	276.8M	304.9M	262.0M
Accounts Payable	92.5M	26.4M	13.1M	150.2M	134.9M	141.7M
Current Deferred Revenue	8.6M	49.0M	28.5M	16.1M	1.5M	1.4M
Other Assets	575K	407K	517K	23.1M	26.5M	27.9M
Net Receivables	96.2M	157.9M	35.4M	16.5M	48.2M	45.8M
Short Term Debt	(8.6M)	49.0M	28.5M	16.1M	100.5M	124.5M
Accumulated Other Comprehensive Income	16.0M	15.7M	41.4M	45.2M	45.9M	48.2M
Other Liab	2.6M	2.9M	3.3M	2.7M	3.1M	2.6M
Net Tangible Assets	127.9M	229.3M	245.2M	181.9M	209.2M	212.1M
Property Plant Equipment	7.2M	6.6M	6.4M	6.0M	5.4M	7.6M
Net Invested Capital	127.9M	229.3M	245.2M	181.9M	249.0M	221.9M
Net Working Capital	74.1M	176.8M	191.7M	109.7M	64.7M	94.5M

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Balance Sheet is a snapshot of the financial position of ABM International at a specified time, usually calculated after every quarter, six months, or one year. ABM International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ABM International and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which ABM currently owns. An asset can also be divided into two categories, current and non-current.

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ABM Net Debt vs Total Current Assets Analysis

Net Debt vs Total Current Assets

Net Debt vs Total Current Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Assets

ABM International fundamental ratios Correlations

ABM International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ABM International fundamental ratios Accounts

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Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.97	Total Current Liabilities
Total Current Assets	+ 0.97	Total Current Liabilities
Total Current Liabilities	+ 0.96	Total Assets
Cash And Short Term Investments	+ 0.96	Cash
Short Term Debt	+ 0.96	Short Long Term Debt Total

Short Term Debt	- 0.87	Common Stock
Other Stockholder Equity	- 0.87	Non Current Liabilities Total
Short Long Term Debt Total	- 0.86	Common Stock
Accounts Payable	- 0.82	Retained Earnings
Non Current Liabilities Total	- 0.76	Total Stockholder Equity
Inventory	- 0.75	Retained Earnings