Atomos Total Current Liabilities vs Total Stockholder Equity Analysis

AMS Stock   0.01  0  11.76%   
Atomos financial indicator trend analysis is way more than just evaluating Atomos prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atomos is a good investment. Please check the relationship between Atomos Total Current Liabilities and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atomos. 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 Current Liabilities vs Total Stockholder Equity

Total Current Liabilities vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atomos Total Current Liabilities account and Total Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Atomos' Total Current Liabilities and Total Stockholder Equity is 0.53. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Atomos, assuming nothing else is changed. The correlation between historical values of Atomos' Total Current Liabilities 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 Total Current Liabilities of Atomos 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 Total Current Liabilities i.e., Atomos' Total Current Liabilities and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Liabilities

Total Current Liabilities is an item on Atomos balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Atomos are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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 Atomos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atomos 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 Atomos. 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 413.7 K in 2024, whereas Selling General Administrative is likely to drop slightly above 13.1 M in 2024.
 2021 2023 2024 (projected)
Reconciled Depreciation3.9M1.6M2.2M
Interest Income1K1.8K1.7K

Atomos fundamental ratios Correlations

0.570.750.95-0.090.350.460.690.760.060.870.750.040.730.930.550.540.51-0.21-0.380.660.71-0.140.830.690.96
0.570.760.31-0.250.220.36-0.080.580.650.690.61-0.550.880.550.560.380.510.05-0.040.270.580.640.58-0.090.51
0.750.760.53-0.450.160.510.210.890.530.870.93-0.490.950.860.690.650.580.17-0.390.610.620.410.930.190.68
0.950.310.530.030.350.350.850.6-0.190.740.590.320.480.840.390.460.42-0.37-0.440.640.64-0.410.680.850.95
-0.09-0.25-0.450.030.33-0.49-0.11-0.08-0.78-0.52-0.610.04-0.36-0.37-0.76-0.85-0.82-0.530.6-0.71-0.62-0.27-0.51-0.09-0.21
0.350.220.160.350.330.070.210.23-0.30.120.190.030.170.24-0.14-0.1-0.18-0.47-0.17-0.02-0.02-0.090.180.20.32
0.460.360.510.35-0.490.070.240.290.450.580.580.110.530.470.750.650.630.33-0.260.720.630.110.570.230.49
0.69-0.080.210.85-0.110.210.240.24-0.280.530.40.640.120.650.340.490.41-0.23-0.510.680.56-0.750.491.00.77
0.760.580.890.6-0.080.230.290.240.180.710.74-0.460.830.820.360.320.270.08-0.20.40.350.210.830.230.63
0.060.650.53-0.19-0.78-0.30.45-0.280.180.460.47-0.460.60.240.710.580.710.62-0.140.380.530.680.39-0.30.1
0.870.690.870.74-0.520.120.580.530.710.460.93-0.060.830.950.770.80.80.02-0.570.830.890.130.940.520.88
0.750.610.930.59-0.610.190.580.40.740.470.93-0.210.820.90.750.820.70.09-0.650.80.730.240.970.380.74
0.04-0.55-0.490.320.040.030.110.64-0.46-0.46-0.06-0.21-0.54-0.02-0.10.110.14-0.32-0.350.310.22-0.78-0.180.640.23
0.730.880.950.48-0.360.170.530.120.830.60.830.82-0.540.780.70.540.560.24-0.160.50.610.460.840.110.63
0.930.550.860.84-0.370.240.470.650.820.240.950.9-0.020.780.630.70.66-0.02-0.580.790.76-0.060.960.640.92
0.550.560.690.39-0.76-0.140.750.340.360.710.770.75-0.10.70.630.910.860.4-0.390.820.820.20.710.330.59
0.540.380.650.46-0.85-0.10.650.490.320.580.80.820.110.540.70.910.90.23-0.730.930.850.070.750.470.65
0.510.510.580.42-0.82-0.180.630.410.270.710.80.70.140.560.660.860.90.3-0.610.860.950.140.670.40.65
-0.210.050.17-0.37-0.53-0.470.33-0.230.080.620.020.09-0.320.24-0.020.40.230.30.220.20.040.180.15-0.24-0.26
-0.38-0.04-0.39-0.440.6-0.17-0.26-0.51-0.2-0.14-0.57-0.65-0.35-0.16-0.58-0.39-0.73-0.610.22-0.72-0.590.1-0.56-0.49-0.56
0.660.270.610.64-0.71-0.020.720.680.40.380.830.80.310.50.790.820.930.860.2-0.720.86-0.180.80.670.76
0.710.580.620.64-0.62-0.020.630.560.350.530.890.730.220.610.760.820.850.950.04-0.590.860.050.710.550.83
-0.140.640.41-0.41-0.27-0.090.11-0.750.210.680.130.24-0.780.46-0.060.20.070.140.180.1-0.180.050.11-0.76-0.19
0.830.580.930.68-0.510.180.570.490.830.390.940.97-0.180.840.960.710.750.670.15-0.560.80.710.110.480.79
0.69-0.090.190.85-0.090.20.231.00.23-0.30.520.380.640.110.640.330.470.4-0.24-0.490.670.55-0.760.480.76
0.960.510.680.95-0.210.320.490.770.630.10.880.740.230.630.920.590.650.65-0.26-0.560.760.83-0.190.790.76
Click cells to compare fundamentals

Atomos Account Relationship Matchups

Atomos fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets79.6M91.2M108.8M37.2M25.0M23.7M
Short Long Term Debt Total9.5M3.2M18.3M9.5M5.2M7.8M
Total Current Liabilities12.7M22.8M46.6M20.8M18.4M19.7M
Total Stockholder Equity57.4M63.7M54.2M9.8M2.4M2.2M
Retained Earnings(45.1M)(41.1M)(47.2M)(112.6M)(134.9M)(128.2M)
Other Assets4.7M5.3M9.7M1.00.90.86
Cash And Short Term Investments18.8M26.0M5.0M2.9M2.9M2.8M
Net Receivables4.7M12.8M20.7M5.2M5.0M8.7M
Inventory16.8M16.7M24.0M15.4M8.7M12.7M
Other Current Assets2.6M5.2M8.7M5.3M3.3M3.8M
Other Stockholder Equity5.4M3.1M(4.3M)1.00.90.86
Total Liab22.2M27.5M54.5M27.4M22.6M26.2M
Total Current Assets42.9M60.6M71.9M28.7M19.9M36.1M
Intangible Assets8.5M25.1M25.2M28.9M33.3M18.9M
Common Stock101.5M101.7M102.5M119.3M134.0M81.6M
Property Plant Equipment1.7M11.6M5.4M7.9M9.1M9.5M
Other Current Liab1.1M4.3M2.6M3.1M6.3M6.7M
Other Liab42K1.2M2.1M1.9M1.7M1.4M
Net Tangible Assets23.2M37.0M43.9M29.6M34.1M27.1M
Property Plant And Equipment Net11.6M5.4M7.9M6.6M5.0M5.4M
Net Debt(9.2M)(22.8M)13.3M6.6M2.3M2.4M
Accounts Payable9.9M17.9M22.2M12.5M9.6M12.9M
Cash18.8M26.0M5.0M2.9M2.9M2.8M
Non Current Assets Total36.7M30.6M36.9M8.4M5.0M4.8M
Common Stock Shares Outstanding320.5M367.0M350.9M515.3M1.2B1.3B
Liabilities And Stockholders Equity79.6M91.2M108.8M37.2M25.0M23.7M
Non Current Liabilities Total9.5M4.7M7.9M6.6M4.2M5.6M
Deferred Long Term Liab8.5M4.7M5.3M9.7M8.7M6.6M
Accumulated Other Comprehensive Income994K3.1M3.3M3.0M3.2M2.2M
Short Term Debt1.2M579K13.0M4.4M1.1M999.4K
Net Invested Capital57.5M63.7M70.3M13.1M2.5M2.4M
Property Plant And Equipment Gross11.6M5.4M7.9M15.6M15.2M9.2M
Short Long Term Debt1.5M139K2.8M3.4M136K129.2K
Net Working Capital30.1M36.9M38.2M7.9M1.5M1.4M
Capital Stock101.5M101.7M102.5M119.3M134.0M110.6M

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