Ao World Net Debt vs Non Currrent Assets Other Analysis

AO Stock

106.80 1.60 1.48%

Ao World financial indicator trend analysis is way more than just evaluating Ao World prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ao World is a good investment. Please check the relationship between Ao World Net Debt and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ao World. 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.

Net Debt vs Non Currrent Assets Other

Net Debt vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ao World Net Debt account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Ao World's Net Debt and Non Currrent Assets Other is -0.56. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Ao World, assuming nothing else is changed. The correlation between historical values of Ao World's Net Debt and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Ao World are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Debt i.e., Ao World's Net Debt and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Most indicators from Ao World's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ao World 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 Ao World. 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.

At present, Ao World's Tax Provision is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Interest Expense	5.4M	6.5M	6.4M	6.7M
Depreciation And Amortization	28.6M	29.1M	24.3M	13.7M

Interest Expense Depreciation And Amortization

Ao World fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Current Liab	Other Assets	Long Term Debt
Total Assets		0.9	0.99	0.73	0.94	0.71	-0.89	0.99	0.29	0.98	-0.33	0.29	0.91	0.73	0.94	0.97	0.34	0.88	0.99	0.69	0.98	0.78	0.74	-0.48	0.76	0.06
Short Long Term Debt Total	0.9		0.89	0.54	0.97	0.92	-0.85	0.88	-0.04	0.95	-0.44	-0.04	0.86	0.52	0.97	0.81	0.57	0.71	0.92	0.67	0.83	0.9	0.54	-0.59	0.74	-0.01
Total Current Liabilities	0.99	0.89		0.66	0.93	0.7	-0.86	0.99	0.3	0.96	-0.32	0.3	0.87	0.69	0.92	0.98	0.32	0.84	1.0	0.64	0.98	0.79	0.68	-0.46	0.79	0.04
Total Stockholder Equity	0.73	0.54	0.66		0.61	0.37	-0.73	0.66	0.43	0.7	-0.16	0.43	0.73	0.72	0.6	0.69	0.21	0.81	0.65	0.86	0.73	0.43	0.78	-0.33	0.26	-0.01
Property Plant And Equipment Net	0.94	0.97	0.93	0.61		0.84	-0.83	0.92	0.11	0.97	-0.39	0.11	0.86	0.6	0.98	0.88	0.5	0.76	0.95	0.71	0.89	0.81	0.62	-0.52	0.72	-0.09
Net Debt	0.71	0.92	0.7	0.37	0.84		-0.75	0.69	-0.41	0.82	-0.56	-0.41	0.76	0.25	0.89	0.58	0.59	0.47	0.75	0.6	0.59	0.84	0.29	-0.7	0.63	0.07
Retained Earnings	-0.89	-0.85	-0.86	-0.73	-0.83	-0.75		-0.83	-0.07	-0.92	0.26	-0.07	-0.86	-0.72	-0.86	-0.8	-0.47	-0.89	-0.87	-0.64	-0.83	-0.8	-0.75	0.43	-0.77	-0.17
Accounts Payable	0.99	0.88	0.99	0.66	0.92	0.69	-0.83		0.28	0.96	-0.38	0.28	0.89	0.65	0.93	0.98	0.26	0.82	0.99	0.64	0.98	0.76	0.66	-0.52	0.77	0.07
Cash	0.29	-0.04	0.3	0.43	0.11	-0.41	-0.07	0.28		0.12	0.39	1.0	0.05	0.58	0.0	0.41	-0.2	0.45	0.23	0.14	0.43	-0.07	0.55	0.38	0.04	-0.25
Non Current Assets Total	0.98	0.95	0.96	0.7	0.97	0.82	-0.92	0.96	0.12		-0.4	0.12	0.94	0.68	0.98	0.92	0.44	0.85	0.98	0.71	0.93	0.81	0.7	-0.55	0.76	0.08
Non Currrent Assets Other	-0.33	-0.44	-0.32	-0.16	-0.39	-0.56	0.26	-0.38	0.39	-0.4		0.39	-0.51	0.04	-0.47	-0.27	-0.29	0.0	-0.36	-0.4	-0.26	-0.39	-0.01	0.8	-0.16	-0.15
Cash And Short Term Investments	0.29	-0.04	0.3	0.43	0.11	-0.41	-0.07	0.28	1.0	0.12	0.39		0.05	0.58	0.0	0.41	-0.2	0.45	0.23	0.14	0.43	-0.07	0.55	0.38	0.04	-0.25
Good Will	0.91	0.86	0.87	0.73	0.86	0.76	-0.86	0.89	0.05	0.94	-0.51	0.05		0.6	0.91	0.84	0.32	0.79	0.89	0.74	0.86	0.73	0.65	-0.7	0.62	0.22
Common Stock Total Equity	0.73	0.52	0.69	0.72	0.6	0.25	-0.72	0.65	0.58	0.68	0.04	0.58	0.6		0.57	0.71	0.44	0.89	0.67	0.46	0.75	0.41	0.99	0.05	0.54	0.11
Non Current Liabilities Total	0.94	0.97	0.92	0.6	0.98	0.89	-0.86	0.93	0.0	0.98	-0.47	0.0	0.91	0.57		0.86	0.45	0.76	0.95	0.68	0.88	0.82	0.58	-0.62	0.76	0.11
Inventory	0.97	0.81	0.98	0.69	0.88	0.58	-0.8	0.98	0.41	0.92	-0.27	0.41	0.84	0.71	0.86		0.21	0.84	0.97	0.63	0.99	0.69	0.71	-0.4	0.73	0.03
Other Current Assets	0.34	0.57	0.32	0.21	0.5	0.59	-0.47	0.26	-0.2	0.44	-0.29	-0.2	0.32	0.44	0.45	0.21		0.31	0.35	0.36	0.25	0.54	0.45	-0.13	0.3	-0.2
Other Stockholder Equity	0.88	0.71	0.84	0.81	0.76	0.47	-0.89	0.82	0.45	0.85	0.0	0.45	0.79	0.89	0.76	0.84	0.31		0.83	0.59	0.88	0.63	0.9	-0.19	0.68	0.17
Total Liab	0.99	0.92	1.0	0.65	0.95	0.75	-0.87	0.99	0.23	0.98	-0.36	0.23	0.89	0.67	0.95	0.97	0.35	0.83		0.66	0.97	0.81	0.67	-0.5	0.8	0.06
Property Plant And Equipment Gross	0.69	0.67	0.64	0.86	0.71	0.6	-0.64	0.64	0.14	0.71	-0.4	0.14	0.74	0.46	0.68	0.63	0.36	0.59	0.66		0.64	0.52	0.54	-0.54	0.13	-0.18
Total Current Assets	0.98	0.83	0.98	0.73	0.89	0.59	-0.83	0.98	0.43	0.93	-0.26	0.43	0.86	0.75	0.88	0.99	0.25	0.88	0.97	0.64		0.72	0.75	-0.4	0.74	0.04
Short Term Debt	0.78	0.9	0.79	0.43	0.81	0.84	-0.8	0.76	-0.07	0.81	-0.39	-0.07	0.73	0.41	0.82	0.69	0.54	0.63	0.81	0.52	0.72		0.42	-0.52	0.7	0.03
Common Stock	0.74	0.54	0.68	0.78	0.62	0.29	-0.75	0.66	0.55	0.7	-0.01	0.55	0.65	0.99	0.58	0.71	0.45	0.9	0.67	0.54	0.75	0.42		-0.02	0.5	0.06
Other Current Liab	-0.48	-0.59	-0.46	-0.33	-0.52	-0.7	0.43	-0.52	0.38	-0.55	0.8	0.38	-0.7	0.05	-0.62	-0.4	-0.13	-0.19	-0.5	-0.54	-0.4	-0.52	-0.02		-0.25	-0.17
Other Assets	0.76	0.74	0.79	0.26	0.72	0.63	-0.77	0.77	0.04	0.76	-0.16	0.04	0.62	0.54	0.76	0.73	0.3	0.68	0.8	0.13	0.74	0.7	0.5	-0.25		0.28
Long Term Debt	0.06	-0.01	0.04	-0.01	-0.09	0.07	-0.17	0.07	-0.25	0.08	-0.15	-0.25	0.22	0.11	0.11	0.03	-0.2	0.17	0.06	-0.18	0.04	0.03	0.06	-0.17	0.28

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Ao World Account Relationship Matchups

Ao World fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	449M	615.7M	549.2M	460.3M	441.8M	292.4M
Short Long Term Debt Total	37.9M	106M	95.3M	153.6M	70.9M	46.4M
Total Current Liabilities	271.8M	432.9M	379.6M	278.5M	243.9M	187.3M
Total Stockholder Equity	80.7M	97.7M	73.4M	105.7M	137.8M	144.7M
Property Plant And Equipment Net	94M	107.1M	119.3M	90.3M	76.3M	46.2M
Net Debt	99.1M	28.2M	134.1M	76.2M	30.8M	32.3M
Retained Earnings	(46.1M)	(33.1M)	(60.7M)	(63.3M)	(36.5M)	(34.7M)
Accounts Payable	249.6M	411.4M	313.9M	249.5M	225.6M	160.4M
Cash	6.9M	67.1M	19.5M	19.1M	40.1M	31.1M
Non Current Assets Total	231M	241.8M	261.1M	229.7M	207.1M	127.9M
Cash And Short Term Investments	6.9M	67.1M	19.5M	19.1M	40.1M	31.1M
Liabilities And Stockholders Equity	449M	615.7M	549.2M	460.3M	441.8M	292.4M
Non Current Liabilities Total	97.5M	86.4M	97.2M	76.1M	60.1M	38.6M
Inventory	72.7M	139.6M	97M	73.1M	79.5M	54.1M
Other Current Assets	33.7M	1.0	64.1M	35.7M	27.8M	22.4M
Total Liab	369.3M	519.3M	476.8M	354.6M	304M	225.9M
Property Plant And Equipment Gross	94.1M	107.1M	119.3M	90.3M	190.1M	199.6M
Total Current Assets	218M	373.9M	288.1M	230.6M	234.7M	164.5M
Accumulated Other Comprehensive Income	21.9M	25.3M	28.5M	59.4M	64.4M	67.6M
Short Term Debt	21.3M	21.4M	65.3M	27.8M	17.1M	14.0M
Other Current Liab	600K	900K	100K	400K	1.2M	570K
Other Assets	93M	90.9M	101.4M	101.6M	(100K)	(95K)
Long Term Debt	3.4M	20.9M	16.7M	0.0	1.9M	1.8M
Net Receivables	115.1M	135.9M	167.2M	171.6M	138.4M	81.4M
Common Stock Shares Outstanding	477.3M	482.0M	485.6M	564.5M	598.2M	508.0M
Intangible Assets	15.8M	15.6M	12.2M	9.6M	11.0M	8.8M
Property Plant Equipment	89.6M	94M	107.1M	119.3M	137.2M	144.1M
Current Deferred Revenue	(21.3M)	(21.4M)	(65.3M)	(27.8M)	(25.0M)	(26.3M)
Net Tangible Assets	36.7M	53.9M	33M	67.9M	78.1M	48.8M
Short Long Term Debt	5.2M	0.0	45M	10M	200K	190K
Other Liab	12.8M	12.5M	8.9M	8.6M	9.9M	9.8M
Capital Lease Obligations	84.1M	95.3M	108.6M	85.3M	68.8M	65.0M
Net Invested Capital	102.6M	97.7M	118.4M	115.7M	139.9M	122.7M
Net Working Capital	(53.8M)	(59M)	(91.5M)	(47.9M)	(9.1M)	(9.6M)

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

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Ao World Net Debt vs Non Currrent Assets Other Analysis

Net Debt vs Non Currrent Assets Other

Net Debt vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Net Debt

Non Currrent Assets Other

Ao World fundamental ratios Correlations

Ao World Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ao World fundamental ratios Accounts

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities

Non Current Assets Total	- 0.92	Retained Earnings
Other Stockholder Equity	- 0.89	Retained Earnings
Retained Earnings	- 0.89	Total Assets
Total Liab	- 0.87	Retained Earnings
Non Current Liabilities Total	- 0.86	Retained Earnings
Good Will	- 0.86	Retained Earnings