Adacel Short Term Debt vs Net Receivables Analysis
ADA Stock | 0.41 0.01 2.50% |
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 Short Term Debt and its Net Receivables 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.
Short Term Debt vs Net Receivables
Short Term Debt vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adacel Tech Short Term Debt account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between Adacel Tech's Short Term Debt and Net Receivables is 0.32. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Receivables 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 Short Term Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Adacel Tech are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Term Debt i.e., Adacel Tech's Short Term Debt and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Short Term Debt
Net Receivables
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 | 47.3M | 41.9M |
Adacel Tech fundamental ratios Correlations
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Adacel Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Adacel Tech fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 39.2M | 41.5M | 26.9M | 35.3M | 40.2M | 31.7M | |
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 | 4.9M | 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 | 7.9M | 12.3M | |
Property Plant And Equipment Net | 7.6M | 6.5M | 3.9M | 5.7M | 8.8M | 9.2M | |
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 | 16.6M | 17.4M | |
Non Currrent Assets Other | 50.0K | 11.7K | 2.3M | (1.1M) | 149.7K | 125.1K | |
Cash And Short Term Investments | 5.2M | 11.6M | 1.9M | 1.4M | 2.3M | 2.2M | |
Net Receivables | 14.8M | 9.7M | 7.7M | 9.1M | 11.9M | 10.5M | |
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 | 40.2M | 31.7M | |
Non Current Liabilities Total | 8.3M | 8.6M | 4.7M | 5.5M | 5.0M | 5.3M | |
Inventory | 1.3M | 534K | 1.0M | 659.1K | 3.0M | 3.2M | |
Other Current Assets | 496K | 676K | 5.7M | 7.0M | 6.4M | 3.2M | |
Other Stockholder Equity | (0.15) | (7.1M) | (1.47) | (26.1M) | (1.0) | (1.05) | |
Total Liab | 23.9M | 21.9M | 14.0M | 19.1M | 32.2M | 33.8M | |
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 | 23.6M | 21.4M | |
Accumulated Other Comprehensive Income | (476K) | 235K | (6.0M) | (9.9M) | (10.4M) | (9.9M) | |
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) | (61.3M) | (64.4M) | |
Common Stock | 71.5M | 70.9M | 53.3M | 79.9M | 79.6M | 68.2M | |
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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