Adacel Total Assets vs Total Current Assets 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 Total Assets and its Total Current Assets 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.

Total Assets vs Total Current Assets

Total Assets vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adacel Tech Total Assets account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Adacel Tech's Total Assets and Total Current Assets is 0.73. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Assets 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 Total Assets 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 Total Assets of Adacel Tech 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 Total Assets i.e., Adacel Tech's Total Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Assets

Total assets refers to the total amount of Adacel Tech assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Adacel Tech books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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 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 Development507.2K360.4K1.2M1.2M
Total Revenue26.1M26.9M47.3M41.9M

Adacel Tech fundamental ratios Correlations

0.650.740.750.490.570.390.06-0.440.390.51-0.17-0.150.390.650.270.530.45-0.18-0.250.610.520.730.47-0.21-0.27
0.650.530.66-0.110.90.220.64-0.29-0.220.720.03-0.46-0.20.390.170.640.680.05-0.130.910.840.280.78-0.07-0.31
0.740.530.690.260.540.580.29-0.62-0.030.65-0.33-0.29-0.050.490.150.630.16-0.11-0.650.490.520.280.110.03-0.21
0.750.660.69-0.080.580.710.31-0.040.00.34-0.21-0.070.010.720.670.630.490.16-0.360.780.50.60.45-0.55-0.72
0.49-0.110.26-0.08-0.2-0.03-0.62-0.520.770.01-0.09-0.020.760.31-0.21-0.18-0.14-0.610.04-0.29-0.180.52-0.110.130.38
0.570.90.540.58-0.20.210.77-0.23-0.360.830.0-0.44-0.340.170.110.790.580.21-0.330.890.960.090.640.1-0.26
0.390.220.580.71-0.030.210.07-0.060.010.060.06-0.05-0.010.470.690.57-0.050.18-0.480.320.240.36-0.17-0.52-0.53
0.060.640.290.31-0.620.770.07-0.1-0.860.750.12-0.28-0.85-0.16-0.070.610.540.46-0.30.70.78-0.440.470.3-0.13
-0.44-0.29-0.62-0.04-0.52-0.23-0.06-0.1-0.03-0.58-0.120.46-0.01-0.10.49-0.180.050.320.230.0-0.330.040.03-0.54-0.56
0.39-0.22-0.030.00.77-0.360.01-0.86-0.03-0.44-0.130.181.00.380.17-0.3-0.22-0.540.27-0.3-0.410.76-0.12-0.380.01
0.510.720.650.340.010.830.060.75-0.58-0.44-0.05-0.36-0.440.0-0.310.70.450.07-0.40.640.83-0.180.430.50.13
-0.170.03-0.33-0.21-0.090.00.060.12-0.12-0.13-0.05-0.09-0.13-0.15-0.040.020.080.070.46-0.070.15-0.15-0.050.030.31
-0.15-0.46-0.29-0.07-0.02-0.44-0.05-0.280.460.18-0.36-0.090.18-0.110.2-0.140.110.130.15-0.19-0.470.1-0.18-0.26-0.19
0.39-0.2-0.050.010.76-0.34-0.01-0.85-0.011.0-0.44-0.130.180.380.19-0.3-0.19-0.530.29-0.27-0.40.77-0.08-0.39-0.02
0.650.390.490.720.310.170.47-0.16-0.10.380.0-0.15-0.110.380.540.110.33-0.380.060.380.050.760.32-0.61-0.54
0.270.170.150.67-0.210.110.69-0.070.490.17-0.31-0.040.20.190.540.270.160.29-0.190.410.070.60.15-0.88-0.89
0.530.640.630.63-0.180.790.570.61-0.18-0.30.70.02-0.14-0.30.110.270.290.21-0.460.720.780.060.18-0.08-0.32
0.450.680.160.49-0.140.58-0.050.540.05-0.220.450.080.11-0.190.330.160.290.170.110.750.510.280.86-0.09-0.28
-0.180.05-0.110.16-0.610.210.180.460.32-0.540.070.070.13-0.53-0.380.290.210.17-0.460.270.3-0.250.180.03-0.26
-0.25-0.13-0.65-0.360.04-0.33-0.48-0.30.230.27-0.40.460.150.290.06-0.19-0.460.11-0.46-0.25-0.40.060.09-0.20.21
0.610.910.490.78-0.290.890.320.70.0-0.30.64-0.07-0.19-0.270.380.410.720.750.27-0.250.820.30.78-0.23-0.58
0.520.840.520.5-0.180.960.240.78-0.33-0.410.830.15-0.47-0.40.050.070.780.510.3-0.40.820.00.560.2-0.14
0.730.280.280.60.520.090.36-0.440.040.76-0.18-0.150.10.770.760.60.060.28-0.250.060.30.00.35-0.66-0.49
0.470.780.110.45-0.110.64-0.170.470.03-0.120.43-0.05-0.18-0.080.320.150.180.860.180.090.780.560.35-0.07-0.32
-0.21-0.070.03-0.550.130.1-0.520.3-0.54-0.380.50.03-0.26-0.39-0.61-0.88-0.08-0.090.03-0.2-0.230.2-0.66-0.070.79
-0.27-0.31-0.21-0.720.38-0.26-0.53-0.13-0.560.010.130.31-0.19-0.02-0.54-0.89-0.32-0.28-0.260.21-0.58-0.14-0.49-0.320.79
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Adacel Tech Account Relationship Matchups

Adacel Tech fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets39.2M41.5M26.9M35.3M40.2M31.7M
Short Long Term Debt Total7.6M7.5M3.9M4.2M10.8M11.4M
Other Current Liab7.9M7.1M3.0M9.5M4.9M3.4M
Total Current Liabilities15.5M13.4M9.3M13.5M15.7M11.8M
Total Stockholder Equity15.4M19.6M13.9M16.2M7.9M12.3M
Property Plant And Equipment Net7.6M6.5M3.9M5.7M8.8M9.2M
Current Deferred Revenue4.4M4.1M4.1M4.2M1.5M1.8M
Net Debt2.4M(4.1M)2.0M2.8M9.3M9.7M
Accounts Payable1.8M1.5M1.3M1.1M2.4M3.7M
Cash5.2M11.6M1.9M1.4M1.5M1.5M
Non Current Assets Total17.4M14.4M10.6M17.2M16.6M17.4M
Non Currrent Assets Other50.0K11.7K2.3M(1.1M)149.7K125.1K
Cash And Short Term Investments5.2M11.6M1.9M1.4M2.3M2.2M
Net Receivables14.8M9.7M7.7M9.1M11.9M10.5M
Common Stock Shares Outstanding77.2M77.1M76.6M76.3M76.2M78.5M
Liabilities And Stockholders Equity39.2M41.5M27.9M35.3M40.2M31.7M
Non Current Liabilities Total8.3M8.6M4.7M5.5M5.0M5.3M
Inventory1.3M534K1.0M659.1K3.0M3.2M
Other Current Assets496K676K5.7M7.0M6.4M3.2M
Other Stockholder Equity(0.15)(7.1M)(1.47)(26.1M)(1.0)(1.05)
Total Liab23.9M21.9M14.0M19.1M32.2M33.8M
Property Plant And Equipment Gross7.6M8.5M7.8M7.9M10.1M10.6M
Total Current Assets21.8M27.0M16.3M18.1M23.6M21.4M
Accumulated Other Comprehensive Income(476K)235K(6.0M)(9.9M)(10.4M)(9.9M)
Short Term Debt1.4M1.0M892.9K1.4M6.6M7.0M
Intangible Assets1.2M1.9M4.5M7.0M2.6M3.5M
Retained Earnings(55.6M)(51.5M)(33.4M)(53.8M)(61.3M)(64.4M)
Common Stock71.5M70.9M53.3M79.9M79.6M68.2M
Other Liab763K861K775K930K1.1M1.2M
Short Term Investments55K37.6K4.5M16K772.8K559.2K
Property Plant Equipment7.6M6.5M3.9M3.8M4.4M2.8M
Net Tangible Assets14.2M17.6M9.4M6.1M5.5M5.2M
Long Term Investments41K42K50K47K54.1K45.1K
Long Term Debt Total6.2M6.1M3.0M2.8M3.2M2.8M

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