Adacel Other Operating Expenses vs Ebitda Analysis

ADA Stock

0.45 0.02 4.65%

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

Other Operating Expenses vs Ebitda

Other Operating Expenses vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adacel Tech Other Operating Expenses account and Ebitda. At this time, the significance of the direction appears to have very week relationship.

The correlation between Adacel Tech's Other Operating Expenses and Ebitda is 0.23. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Ebitda in the same time period over historical financial statements of Adacel Tech, assuming nothing else is changed. The correlation between historical values of Adacel Tech's Other Operating Expenses and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Adacel Tech are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Other Operating Expenses i.e., Adacel Tech's Other Operating Expenses and Ebitda go up and down completely randomly.

Correlation Coefficient

0.23

Relationship Direction	Positive
Relationship Strength	Very Weak

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Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Adacel Tech. It is also known as Adacel Tech overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Ebitda

Most indicators from Adacel Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adacel Tech 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 Adacel Tech. 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 gain to about 544.6 K in 2024, whereas Selling General Administrative is likely to drop slightly above 16.9 M in 2024.

	2021	2022	2023	2024 (projected)
Research Development	507.2K	360.4K	1.2M	1.2M
Total Revenue	26.1M	26.9M	31.0M	29.9M

Research Development Total Revenue

Adacel Tech fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Retained Earnings
Total Assets		0.44	0.73	0.61	0.6	0.49	0.51	-0.16	-0.44	0.53	0.44	-0.19	-0.09	0.52	0.66	0.27	0.48	0.31	-0.36	-0.29	0.61	0.34	0.75	0.19	-0.22	-0.22
Short Long Term Debt Total	0.44		0.52	0.66	-0.31	0.8	0.22	0.64	-0.29	-0.22	0.4	0.02	-0.46	-0.23	0.21	0.17	0.64	0.41	0.0	-0.13	0.65	0.84	0.12	0.78	-0.07	0.03
Other Current Liab	0.73	0.52		0.69	0.25	0.66	0.59	0.28	-0.62	-0.03	0.75	-0.34	-0.28	-0.04	0.46	0.15	0.63	0.23	-0.13	-0.65	0.75	0.51	0.25	0.1	0.03	-0.21
Total Current Liabilities	0.61	0.66	0.69		-0.14	0.59	0.71	0.31	-0.04	0.0	0.24	-0.22	-0.07	-0.01	0.59	0.67	0.63	0.52	0.13	-0.36	0.93	0.5	0.48	0.45	-0.55	-0.6
Total Stockholder Equity	0.6	-0.31	0.25	-0.14		-0.22	0.04	-0.73	-0.5	0.78	0.18	-0.07	0.04	0.77	0.38	-0.21	-0.23	-0.04	-0.55	0.01	-0.14	-0.34	0.56	-0.36	0.1	0.16
Property Plant And Equipment Net	0.49	0.8	0.66	0.59	-0.22		0.37	0.69	-0.34	-0.3	0.69	-0.02	-0.47	-0.31	0.07	0.11	0.88	0.21	0.11	-0.44	0.75	0.94	-0.01	0.41	0.11	0.0
Current Deferred Revenue	0.51	0.22	0.59	0.71	0.04	0.37		0.07	-0.06	0.01	0.2	0.06	-0.05	0.0	0.54	0.69	0.57	0.12	0.21	-0.48	0.74	0.24	0.42	-0.17	-0.52	-0.67
Net Debt	-0.16	0.64	0.28	0.31	-0.73	0.69	0.07		-0.1	-0.86	0.48	0.11	-0.28	-0.87	-0.31	-0.07	0.61	0.28	0.42	-0.3	0.43	0.78	-0.57	0.47	0.3	0.17
Accounts Payable	-0.44	-0.29	-0.62	-0.04	-0.5	-0.34	-0.06	-0.1		-0.03	-0.75	-0.12	0.46	-0.02	-0.09	0.49	-0.18	-0.06	0.33	0.23	-0.14	-0.33	0.06	0.03	-0.54	-0.53
Cash	0.53	-0.22	-0.03	0.0	0.78	-0.3	0.01	-0.86	-0.03		-0.3	-0.12	0.18	1.0	0.46	0.17	-0.3	-0.04	-0.53	0.27	-0.11	-0.41	0.82	-0.12	-0.38	-0.16
Non Current Assets Total	0.44	0.4	0.75	0.24	0.18	0.69	0.2	0.48	-0.75	-0.3		-0.07	-0.3	-0.31	-0.07	-0.4	0.65	0.14	-0.06	-0.5	0.47	0.59	-0.26	-0.03	0.55	0.34
Non Currrent Assets Other	-0.19	0.02	-0.34	-0.22	-0.07	-0.02	0.06	0.11	-0.12	-0.12	-0.07		-0.09	-0.13	-0.15	-0.05	0.02	0.09	0.07	0.46	-0.13	0.14	-0.15	-0.06	0.03	0.33
Other Assets	-0.09	-0.46	-0.28	-0.07	0.04	-0.47	-0.05	-0.28	0.46	0.18	-0.3	-0.09		0.19	-0.07	0.2	-0.14	0.31	0.15	0.15	-0.1	-0.47	0.14	-0.18	-0.26	-0.29
Cash And Short Term Investments	0.52	-0.23	-0.04	-0.01	0.77	-0.31	0.0	-0.87	-0.02	1.0	-0.31	-0.13	0.19		0.45	0.18	-0.3	-0.05	-0.53	0.28	-0.11	-0.42	0.82	-0.13	-0.39	-0.17
Net Receivables	0.66	0.21	0.46	0.59	0.38	0.07	0.54	-0.31	-0.09	0.46	-0.07	-0.15	-0.07	0.45		0.52	0.05	0.27	-0.49	0.04	0.4	-0.09	0.77	0.11	-0.6	-0.55
Common Stock Shares Outstanding	0.27	0.17	0.15	0.67	-0.21	0.11	0.69	-0.07	0.49	0.17	-0.4	-0.05	0.2	0.18	0.52		0.27	0.17	0.3	-0.19	0.55	0.07	0.58	0.15	-0.88	-0.89
Non Current Liabilities Total	0.48	0.64	0.63	0.63	-0.23	0.88	0.57	0.61	-0.18	-0.3	0.65	0.02	-0.14	-0.3	0.05	0.27		0.22	0.2	-0.46	0.85	0.78	0.02	0.18	-0.08	-0.22
Inventory	0.31	0.41	0.23	0.52	-0.04	0.21	0.12	0.28	-0.06	-0.04	0.14	0.09	0.31	-0.05	0.27	0.17	0.22		0.06	0.11	0.42	0.25	0.23	0.53	-0.17	0.01
Other Current Assets	-0.36	0.0	-0.13	0.13	-0.55	0.11	0.21	0.42	0.33	-0.53	-0.06	0.07	0.15	-0.53	-0.49	0.3	0.2	0.06		-0.48	0.17	0.26	-0.34	0.12	0.04	-0.16
Other Stockholder Equity	-0.29	-0.13	-0.65	-0.36	0.01	-0.44	-0.48	-0.3	0.23	0.27	-0.5	0.46	0.15	0.28	0.04	-0.19	-0.46	0.11	-0.48		-0.46	-0.4	0.05	0.09	-0.2	0.25
Total Liab	0.61	0.65	0.75	0.93	-0.14	0.75	0.74	0.43	-0.14	-0.11	0.47	-0.13	-0.1	-0.11	0.4	0.55	0.85	0.42	0.17	-0.46		0.63	0.31	0.28	-0.39	-0.5
Property Plant And Equipment Gross	0.34	0.84	0.51	0.5	-0.34	0.94	0.24	0.78	-0.33	-0.41	0.59	0.14	-0.47	-0.42	-0.09	0.07	0.78	0.25	0.26	-0.4	0.63		-0.12	0.56	0.2	0.14
Total Current Assets	0.75	0.12	0.25	0.48	0.56	-0.01	0.42	-0.57	0.06	0.82	-0.26	-0.15	0.14	0.82	0.77	0.58	0.02	0.23	-0.34	0.05	0.31	-0.12		0.16	-0.65	-0.5
Short Term Debt	0.19	0.78	0.1	0.45	-0.36	0.41	-0.17	0.47	0.03	-0.12	-0.03	-0.06	-0.18	-0.13	0.11	0.15	0.18	0.53	0.12	0.09	0.28	0.56	0.16		-0.07	0.1
Intangible Assets	-0.22	-0.07	0.03	-0.55	0.1	0.11	-0.52	0.3	-0.54	-0.38	0.55	0.03	-0.26	-0.39	-0.6	-0.88	-0.08	-0.17	0.04	-0.2	-0.39	0.2	-0.65	-0.07		0.84
Retained Earnings	-0.22	0.03	-0.21	-0.6	0.16	0.0	-0.67	0.17	-0.53	-0.16	0.34	0.33	-0.29	-0.17	-0.55	-0.89	-0.22	0.01	-0.16	0.25	-0.5	0.14	-0.5	0.1	0.84

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Adacel Tech Account Relationship Matchups

Adacel Tech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	39.2M	41.5M	26.9M	35.3M	26.1M	31.1M
Short Long Term Debt Total	7.6M	7.5M	3.9M	4.2M	10.8M	11.4M
Other Current Liab	7.9M	7.1M	3.0M	9.5M	4.7M	3.4M
Total Current Liabilities	15.5M	13.4M	9.3M	13.5M	15.7M	11.8M
Total Stockholder Equity	15.4M	19.6M	13.9M	16.2M	5.3M	5.0M
Property Plant And Equipment Net	7.6M	6.5M	3.9M	5.7M	5.9M	6.2M
Current Deferred Revenue	4.4M	4.1M	4.1M	4.2M	1.5M	1.8M
Net Debt	2.4M	(4.1M)	2.0M	2.8M	9.3M	9.7M
Accounts Payable	1.8M	1.5M	1.3M	1.1M	2.4M	3.7M
Cash	5.2M	11.6M	1.9M	1.4M	1.5M	1.5M
Non Current Assets Total	17.4M	14.4M	10.6M	17.2M	10.3M	7.3M
Non Currrent Assets Other	50.0K	11.7K	2.3M	(1.1M)	100K	123.6K
Cash And Short Term Investments	5.2M	11.6M	1.9M	1.4M	1.5M	1.5M
Net Receivables	14.8M	9.7M	7.7M	9.1M	6.9M	10.3M
Common Stock Shares Outstanding	77.2M	77.1M	76.6M	76.3M	76.2M	78.5M
Liabilities And Stockholders Equity	39.2M	41.5M	27.9M	35.3M	26.1M	31.1M
Non Current Liabilities Total	8.3M	8.6M	4.7M	5.5M	5.0M	5.3M
Inventory	1.3M	534K	1.0M	659.1K	2.0M	1.1M
Other Current Assets	496K	676K	5.7M	7.0M	5.3M	3.2M
Other Stockholder Equity	(0.15)	(7.1M)	(1.47)	(26.1M)	8.7K	9.1K
Total Liab	23.9M	21.9M	14.0M	19.1M	20.8M	14.1M
Property Plant And Equipment Gross	7.6M	8.5M	7.8M	7.9M	10.1M	10.6M
Total Current Assets	21.8M	27.0M	16.3M	18.1M	15.8M	21.1M
Accumulated Other Comprehensive Income	(476K)	235K	(6.0M)	(9.9M)	(6.9M)	(6.6M)
Short Term Debt	1.4M	1.0M	892.9K	1.4M	6.6M	7.0M
Intangible Assets	1.2M	1.9M	4.5M	7.0M	2.6M	3.5M
Retained Earnings	(55.6M)	(51.5M)	(33.4M)	(53.8M)	(40.9M)	(42.9M)
Common Stock	71.5M	70.9M	53.3M	79.9M	53.1M	67.0M
Other Liab	763K	861K	775K	930K	1.1M	1.2M
Short Term Investments	55K	37.6K	4.5M	16K	772.8K	559.2K
Property Plant Equipment	7.6M	6.5M	3.9M	3.8M	4.4M	2.8M
Net Tangible Assets	14.2M	17.6M	9.4M	6.1M	5.5M	5.2M
Long Term Investments	41K	42K	50K	47K	54.1K	45.1K
Long Term Debt Total	6.2M	6.1M	3.0M	2.8M	3.2M	2.8M

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