Althea Short Long Term Debt Total vs Total Stockholder Equity Analysis

AGH Stock   0.04  0  10.00%   
Althea Group financial indicator trend analysis is way more than just evaluating Althea Group Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Althea Group Holdings is a good investment. Please check the relationship between Althea Group Short Long Term Debt Total and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Althea Group Holdings. 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 Long Term Debt Total vs Total Stockholder Equity

Short Long Term Debt Total vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Althea Group Holdings Short Long Term Debt Total account and Total Stockholder Equity. At this time, the significance of the direction appears to have very week relationship.
The correlation between Althea Group's Short Long Term Debt Total and Total Stockholder Equity is 0.21. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Althea Group Holdings, assuming nothing else is changed. The correlation between historical values of Althea Group's Short Long Term Debt Total and Total Stockholder Equity 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 Long Term Debt Total of Althea Group Holdings are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Short Long Term Debt Total i.e., Althea Group's Short Long Term Debt Total and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.21
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Long Term Debt Total

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Althea Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Althea Group Holdings 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 Althea Group Holdings. 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 likely to gain to about 19 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 117.8 K in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense303K808K1.3M1.3M
Depreciation And Amortization2.7M2.7M2.2M1.9M

Althea Group fundamental ratios Correlations

0.880.690.850.920.13-0.680.60.390.390.790.620.870.88-0.190.740.920.890.60.970.930.950.90.65-0.680.88
0.880.880.650.670.39-0.780.740.10.10.90.840.790.97-0.050.880.80.930.790.880.990.850.880.82-0.690.86
0.690.880.350.510.56-0.910.88-0.08-0.080.90.980.780.910.110.980.670.930.940.730.850.620.860.98-0.770.88
0.850.650.350.8-0.29-0.230.110.640.640.50.250.590.62-0.290.40.750.610.210.760.680.920.570.29-0.220.65
0.920.670.510.8-0.07-0.610.510.570.570.660.430.890.7-0.370.60.920.790.480.890.740.830.80.51-0.650.78
0.130.390.56-0.29-0.07-0.630.69-0.84-0.840.480.70.140.410.60.56-0.050.390.660.320.40.090.480.61-0.630.4
-0.68-0.78-0.91-0.23-0.61-0.63-0.990.130.13-0.85-0.91-0.85-0.83-0.05-0.93-0.69-0.9-0.93-0.76-0.79-0.53-0.91-0.940.96-0.84
0.60.740.880.110.510.69-0.99-0.21-0.210.820.90.780.770.110.890.620.840.920.680.740.430.860.9-0.950.76
0.390.1-0.080.640.57-0.840.13-0.211.00.02-0.260.420.09-0.71-0.060.580.16-0.20.20.10.350.05-0.140.150.12
0.390.1-0.080.640.57-0.840.13-0.211.00.02-0.260.420.09-0.71-0.060.580.16-0.20.20.10.350.05-0.140.150.12
0.790.90.90.50.660.48-0.850.820.020.020.90.790.860.060.940.760.940.930.840.910.730.870.85-0.750.88
0.620.840.980.250.430.7-0.910.9-0.26-0.260.90.690.850.290.970.560.880.960.710.820.570.860.96-0.80.86
0.870.790.780.590.890.14-0.850.780.420.420.790.690.83-0.340.820.950.920.730.840.80.720.890.77-0.810.85
0.880.970.910.620.70.41-0.830.770.090.090.860.850.83-0.110.910.80.950.810.890.960.830.920.89-0.740.91
-0.19-0.050.11-0.29-0.370.6-0.050.11-0.71-0.710.060.29-0.34-0.110.09-0.43-0.060.12-0.05-0.02-0.080.040.1-0.080.06
0.740.880.980.40.60.56-0.930.89-0.06-0.060.940.970.820.910.090.710.960.970.80.870.680.910.98-0.810.93
0.920.80.670.750.92-0.05-0.690.620.580.580.760.560.950.8-0.430.710.860.590.840.820.790.810.62-0.660.78
0.890.930.930.610.790.39-0.90.840.160.160.940.880.920.95-0.060.960.860.880.920.940.820.960.91-0.820.96
0.60.790.940.210.480.66-0.930.92-0.2-0.20.930.960.730.810.120.970.590.880.70.780.510.830.95-0.810.83
0.970.880.730.760.890.32-0.760.680.20.20.840.710.840.89-0.050.80.840.920.70.930.930.950.73-0.770.93
0.930.990.850.680.740.4-0.790.740.10.10.910.820.80.96-0.020.870.820.940.780.930.890.910.79-0.730.89
0.950.850.620.920.830.09-0.530.430.350.350.730.570.720.83-0.080.680.790.820.510.930.890.820.58-0.510.86
0.90.880.860.570.80.48-0.910.860.050.050.870.860.890.920.040.910.810.960.830.950.910.820.88-0.90.96
0.650.820.980.290.510.61-0.940.9-0.14-0.140.850.960.770.890.10.980.620.910.950.730.790.580.88-0.820.89
-0.68-0.69-0.77-0.22-0.65-0.630.96-0.950.150.15-0.75-0.8-0.81-0.74-0.08-0.81-0.66-0.82-0.81-0.77-0.73-0.51-0.9-0.82-0.78
0.880.860.880.650.780.4-0.840.760.120.120.880.860.850.910.060.930.780.960.830.930.890.860.960.89-0.78
Click cells to compare fundamentals

Althea Group Account Relationship Matchups

Althea Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets52.4M53.9M56.6M48.3M23.7M40.3M
Other Current Liab1.6M3.5M4.2M5.4M2.5M2.8M
Total Current Liabilities3.5M6.8M9.8M16.9M16.9M8.7M
Total Stockholder Equity46.1M42.7M41.5M29.8M314K298.3K
Net Tangible Assets26.2M22.8M22.1M11.1M12.8M18.6M
Net Debt(7.4M)(2.3M)(1.1M)978K6.2M6.5M
Retained Earnings(25.3M)(40.1M)(43.5M)(56.8M)(88.7M)(84.3M)
Accounts Payable1.7M3.2M5.4M7.5M11.5M12.0M
Cash10.1M6.4M6.2M3.9M331K314.5K
Cash And Short Term Investments10.1M6.4M6.2M3.9M331K314.5K
Net Receivables1.4M2.7M6.3M4.1M4.9M3.1M
Common Stock Shares Outstanding230.1M248.7M304.2M351.0M375.9M295.9M
Long Term Debt Total2.5M4.0M5.0M787K905.1K859.8K
Liabilities And Stockholders Equity52.4M53.9M56.6M48.3M23.7M40.3M
Inventory2.2M5.2M3.8M6.2M4.0M3.5M
Other Current Assets1.6M600K1.4M1.5M1.7M1.3M
Other Stockholder Equity(29.1M)(27.9M)(38.6M)(28.6M)(25.7M)(27.0M)
Total Liab6.3M11.2M15.1M18.6M23.3M11.9M
Total Current Assets15.4M14.9M17.8M15.7M10.9M14.8M
Accumulated Other Comprehensive Income17.0M14.8M2.9M1.2M2.7M4.6M
Common Stock54.4M68.0M82.0M85.3M86.3M63.9M
Property Plant And Equipment Net16.8M18.7M19.2M13.6M11.5M14.8M
Current Deferred Revenue1.5M2.7M3.6M3.7M1.7M2.4M
Non Current Assets Total37.0M39.0M38.8M32.6M12.8M12.1M
Non Currrent Assets Other285K349K326K416K703K738.2K
Other Assets285K349K326K416K478.4K354.9K
Net Invested Capital50.6M42.7M41.5M33.6M1.3M1.2M
Long Term Investments285K349K326K416K703K424.6K
Property Plant And Equipment Gross16.8M20.7M22.6M18.5M16.6M17.7M
Capital Stock54.4M68.0M82.0M85.3M86.3M73.7M
Net Working Capital11.9M8.1M8.0M(1.2M)(6.0M)(5.7M)
Intangible Assets19.9M19.9M19.3M18.6M513K487.4K
Property Plant Equipment16.8M18.7M19.2M13.6M15.6M15.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Althea Stock Analysis

When running Althea Group's price analysis, check to measure Althea Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Althea Group is operating at the current time. Most of Althea Group's value examination focuses on studying past and present price action to predict the probability of Althea Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Althea Group's price. Additionally, you may evaluate how the addition of Althea Group to your portfolios can decrease your overall portfolio volatility.