Ashtead Cash And Short Term Investments vs Total Liab Analysis

AHT Stock

6,276 14.00 0.22%

Ashtead Group financial indicator trend analysis is way more than just evaluating Ashtead Group PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ashtead Group PLC is a good investment. Please check the relationship between Ashtead Group Cash And Short Term Investments and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashtead Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Cash And Short Term Investments vs Total Liab

Cash And Short Term Investments vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashtead Group PLC Cash And Short Term Investments account and Total Liab. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Ashtead Group's Cash And Short Term Investments and Total Liab is 0.15. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Liab in the same time period over historical financial statements of Ashtead Group PLC, assuming nothing else is changed. The correlation between historical values of Ashtead Group's Cash And Short Term Investments and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Ashtead Group PLC are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Cash And Short Term Investments i.e., Ashtead Group's Cash And Short Term Investments and Total Liab go up and down completely randomly.

Correlation Coefficient

0.15

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Ashtead Group PLC balance sheet. This account contains Ashtead Group investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Ashtead Group PLC fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Most indicators from Ashtead Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ashtead Group PLC 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 Ashtead Group PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

The current year's Selling General Administrative is expected to grow to about 1.9 B, whereas Tax Provision is forecasted to decline to about 325.6 M.

	2021	2022	2023	2024 (projected)
Interest Expense	272.9M	361.6M	537.6M	564.5M
Depreciation And Amortization	1.2B	1.6B	2.2B	2.4B

Interest Expense Depreciation And Amortization

Ashtead Group 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	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	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
Total Assets		1.0	0.86	0.98	1.0	1.0	-0.29	1.0	0.99	0.83	0.13	1.0	0.72	0.88	0.13	0.96	0.01	0.09	1.0	0.97	0.8	-0.71	1.0	1.0	1.0	0.94
Short Long Term Debt Total	1.0		0.83	0.98	0.99	1.0	-0.27	1.0	0.99	0.84	0.17	1.0	0.71	0.88	0.17	0.96	0.0	0.07	1.0	0.96	0.8	-0.7	1.0	1.0	0.99	0.95
Other Current Liab	0.86	0.83		0.91	0.88	0.85	-0.31	0.84	0.9	0.46	-0.35	0.86	0.79	0.91	-0.35	0.79	0.08	0.13	0.83	0.86	0.66	-0.73	0.84	0.85	0.84	0.8
Total Current Liabilities	0.98	0.98	0.91		0.98	0.98	-0.37	0.98	0.99	0.78	0.03	0.98	0.78	0.9	0.03	0.94	0.07	0.14	0.98	0.98	0.75	-0.77	0.98	0.98	0.98	0.92
Total Stockholder Equity	1.0	0.99	0.88	0.98		1.0	-0.28	0.99	1.0	0.79	0.07	1.0	0.72	0.89	0.07	0.94	0.01	0.09	0.99	0.97	0.8	-0.71	0.99	1.0	0.99	0.94
Property Plant And Equipment Net	1.0	1.0	0.85	0.98	1.0		-0.27	1.0	0.99	0.83	0.13	1.0	0.71	0.88	0.13	0.96	0.01	0.09	1.0	0.97	0.8	-0.7	1.0	1.0	1.0	0.94
Current Deferred Revenue	-0.29	-0.27	-0.31	-0.37	-0.28	-0.27		-0.26	-0.27	-0.4	-0.19	-0.28	-0.6	-0.21	-0.19	-0.3	-0.16	-0.22	-0.28	-0.48	0.29	0.64	-0.29	-0.27	-0.34	-0.27
Net Debt	1.0	1.0	0.84	0.98	0.99	1.0	-0.26		0.99	0.84	0.15	1.0	0.72	0.89	0.15	0.96	0.0	0.07	1.0	0.96	0.8	-0.7	1.0	1.0	0.99	0.95
Retained Earnings	0.99	0.99	0.9	0.99	1.0	0.99	-0.27	0.99		0.77	0.03	0.99	0.74	0.9	0.03	0.94	-0.02	0.06	0.99	0.97	0.81	-0.74	0.99	0.99	0.99	0.93
Accounts Payable	0.83	0.84	0.46	0.78	0.79	0.83	-0.4	0.84	0.77		0.61	0.82	0.5	0.57	0.61	0.84	0.09	0.18	0.85	0.8	0.54	-0.54	0.84	0.83	0.85	0.78
Cash	0.13	0.17	-0.35	0.03	0.07	0.13	-0.19	0.15	0.03	0.61		0.12	-0.05	-0.15	1.0	0.16	0.04	0.08	0.17	0.1	0.0	0.1	0.15	0.13	0.17	0.18
Non Current Assets Total	1.0	1.0	0.86	0.98	1.0	1.0	-0.28	1.0	0.99	0.82	0.12		0.72	0.89	0.12	0.96	0.01	0.09	1.0	0.97	0.8	-0.71	1.0	1.0	1.0	0.94
Non Currrent Assets Other	0.72	0.71	0.79	0.78	0.72	0.71	-0.6	0.72	0.74	0.5	-0.05	0.72		0.82	-0.05	0.68	-0.1	-0.08	0.71	0.81	0.36	-0.8	0.72	0.71	0.72	0.78
Other Assets	0.88	0.88	0.91	0.9	0.89	0.88	-0.21	0.89	0.9	0.57	-0.15	0.89	0.82		-0.15	0.87	-0.06	-0.02	0.87	0.86	0.7	-0.63	0.88	0.88	0.85	0.93
Cash And Short Term Investments	0.13	0.17	-0.35	0.03	0.07	0.13	-0.19	0.15	0.03	0.61	1.0	0.12	-0.05	-0.15		0.16	0.04	0.08	0.17	0.1	0.0	0.1	0.15	0.13	0.17	0.18
Net Receivables	0.96	0.96	0.79	0.94	0.94	0.96	-0.3	0.96	0.94	0.84	0.16	0.96	0.68	0.87	0.16		0.04	0.11	0.96	0.93	0.67	-0.69	0.96	0.96	0.95	0.93
Common Stock Total Equity	0.01	0.0	0.08	0.07	0.01	0.01	-0.16	0.0	-0.02	0.09	0.04	0.01	-0.1	-0.06	0.04	0.04		0.97	0.01	0.01	-0.07	0.0	0.02	0.01	0.04	-0.11
Common Stock Shares Outstanding	0.09	0.07	0.13	0.14	0.09	0.09	-0.22	0.07	0.06	0.18	0.08	0.09	-0.08	-0.02	0.08	0.11	0.97		0.09	0.09	-0.02	-0.04	0.09	0.09	0.12	-0.05
Non Current Liabilities Total	1.0	1.0	0.83	0.98	0.99	1.0	-0.28	1.0	0.99	0.85	0.17	1.0	0.71	0.87	0.17	0.96	0.01	0.09		0.97	0.79	-0.7	1.0	1.0	1.0	0.95
Inventory	0.97	0.96	0.86	0.98	0.97	0.97	-0.48	0.96	0.97	0.8	0.1	0.97	0.81	0.86	0.1	0.93	0.01	0.09	0.97		0.66	-0.84	0.97	0.97	0.98	0.91
Other Current Assets	0.8	0.8	0.66	0.75	0.8	0.8	0.29	0.8	0.81	0.54	0.0	0.8	0.36	0.7	0.0	0.67	-0.07	-0.02	0.79	0.66		-0.31	0.79	0.8	0.76	0.72
Other Stockholder Equity	-0.71	-0.7	-0.73	-0.77	-0.71	-0.7	0.64	-0.7	-0.74	-0.54	0.1	-0.71	-0.8	-0.63	0.1	-0.69	0.0	-0.04	-0.7	-0.84	-0.31		-0.71	-0.7	-0.74	-0.61
Total Liab	1.0	1.0	0.84	0.98	0.99	1.0	-0.29	1.0	0.99	0.84	0.15	1.0	0.72	0.88	0.15	0.96	0.02	0.09	1.0	0.97	0.79	-0.71		1.0	1.0	0.94
Property Plant And Equipment Gross	1.0	1.0	0.85	0.98	1.0	1.0	-0.27	1.0	0.99	0.83	0.13	1.0	0.71	0.88	0.13	0.96	0.01	0.09	1.0	0.97	0.8	-0.7	1.0		1.0	0.94
Total Current Assets	1.0	0.99	0.84	0.98	0.99	1.0	-0.34	0.99	0.99	0.85	0.17	1.0	0.72	0.85	0.17	0.95	0.04	0.12	1.0	0.98	0.76	-0.74	1.0	1.0		0.92
Short Term Debt	0.94	0.95	0.8	0.92	0.94	0.94	-0.27	0.95	0.93	0.78	0.18	0.94	0.78	0.93	0.18	0.93	-0.11	-0.05	0.95	0.91	0.72	-0.61	0.94	0.94	0.92

Click cells to compare fundamentals

Ashtead Group Account Relationship Matchups

Ashtead Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.5B	9.3B	15.3B	18.7B	21.7B	22.7B
Short Long Term Debt Total	5.6B	4.2B	7.2B	9.0B	10.7B	11.2B
Other Current Liab	(125.9M)	658.9M	866.7M	1.0B	1.0B	1.1B
Total Current Liabilities	734.9M	758.9M	1.5B	1.9B	1.8B	1.9B
Total Stockholder Equity	3.0B	3.3B	5.0B	6.0B	7.1B	7.5B
Property Plant And Equipment Net	7.7B	6.8B	10.8B	13.2B	15.7B	16.5B
Current Deferred Revenue	(411.0M)	(389.7M)	(766.3M)	(924.5M)	8.1M	8.5M
Net Debt	5.3B	4.2B	7.2B	9.0B	10.7B	11.2B
Retained Earnings	2.7B	3.2B	5.7B	6.9B	8.1B	8.5B
Accounts Payable	724.9M	216.2M	399.2M	581.6M	521.7M	547.8M
Cash	240.8M	19.3M	15.3M	29.9M	20.8M	17.4M
Non Current Assets Total	9.3B	8.4B	13.7B	16.8B	19.6B	20.6B
Cash And Short Term Investments	240.8M	19.3M	15.3M	29.9M	20.8M	17.4M
Net Receivables	854.4M	796M	1.1B	1.3B	1.5B	1.6B
Common Stock Shares Outstanding	458M	449.3M	447.2M	441.9M	439.5M	410.8M
Liabilities And Stockholders Equity	10.5B	9.3B	15.3B	18.7B	21.7B	22.7B
Non Current Liabilities Total	6.8B	5.3B	8.8B	10.9B	12.8B	13.4B
Inventory	83.1M	74.0M	168.5M	181.3M	162M	170.1M
Other Current Assets	286.6M	(26.1M)	284.4M	342.1M	1.9B	2.0B
Other Stockholder Equity	(113.6M)	(174.6M)	(1.9B)	(2.4B)	(1.1B)	(1.0B)
Total Liab	7.5B	6.0B	10.3B	12.7B	14.6B	15.3B
Property Plant And Equipment Gross	7.7B	6.7B	10.8B	13.2B	15.7B	16.5B
Total Current Assets	1.2B	891.3M	1.6B	1.9B	2.0B	2.1B
Short Term Debt	133.6M	168.7M	188.6M	233.2M	273.8M	287.5M
Common Stock	49.4M	45.3M	45.2M	81.8M	94.1M	98.8M
Accumulated Other Comprehensive Income	253.2M	63.4M	(164.6M)	(179.7M)	(194.5M)	(204.2M)
Intangible Assets	325.3M	280.5M	475.3M	523.4M	485.9M	510.2M
Long Term Debt	4.5B	3.0B	5.2B	6.6B	8.0B	8.4B
Good Will	1.3B	1.3B	2.3B	2.9B	3.2B	3.4B
Property Plant Equipment	573.7M	1.8B	1.7B	2.9B	3.4B	3.6B
Other Liab	1.1B	1.3B	1.2B	1.8B	2.1B	2.2B
Treasury Stock	(181M)	(878.7M)	(195.0M)	(103M)	(92.7M)	(97.3M)
Net Tangible Assets	1.4B	1.3B	1.7B	2.3B	2.6B	1.3B
Capital Lease Obligations	1.1B	1.2B	2.0B	2.4B	2.7B	2.8B
Net Invested Capital	7.5B	6.3B	10.2B	12.6B	15.1B	9.3B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

TITAN	Titan Company Limited
U	Unity Software
PAYC	Paycom Soft

Other Information on Investing in Ashtead Stock

Balance Sheet is a snapshot of the financial position of Ashtead Group PLC at a specified time, usually calculated after every quarter, six months, or one year. Ashtead Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ashtead Group 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 Ashtead currently owns. An asset can also be divided into two categories, current and non-current.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Ashtead Cash And Short Term Investments vs Total Liab Analysis

Cash And Short Term Investments vs Total Liab

Cash And Short Term Investments vs Total Liab Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Total Liab

Ashtead Group fundamental ratios Correlations

Ashtead Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ashtead Group fundamental ratios Accounts

Also Currently Popular

Other Information on Investing in Ashtead Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets

Other Stockholder Equity	- 0.84	Inventory
Other Stockholder Equity	- 0.8	Non Currrent Assets Other
Other Stockholder Equity	- 0.77	Total Current Liabilities
Total Current Assets	- 0.74	Other Stockholder Equity
Other Stockholder Equity	- 0.74	Retained Earnings
Other Stockholder Equity	- 0.73	Other Current Liab