Apax Total Current Liabilities vs Selling General Administrative Analysis

APAX Stock   141.20  0.80  0.56%   
Apax Global financial indicator trend analysis is way more than just evaluating Apax Global Alpha prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apax Global Alpha is a good investment. Please check the relationship between Apax Global Total Current Liabilities and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apax Global Alpha. 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 Selling General Administrative

Total Current Liabilities vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apax Global Alpha Total Current Liabilities account and Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Apax Global's Total Current Liabilities and Selling General Administrative is -0.28. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Apax Global Alpha, assuming nothing else is changed. The correlation between historical values of Apax Global's Total Current Liabilities and Selling General Administrative 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 Apax Global Alpha are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., Apax Global's Total Current Liabilities and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.28
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Current Liabilities

Total Current Liabilities is an item on Apax Global balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Apax Global Alpha 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.

Selling General Administrative

Most indicators from Apax Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apax Global Alpha 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 Apax Global Alpha. 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 13.9 M in 2024. Tax Provision is likely to gain to about 250.6 K in 2024

Apax Global fundamental ratios Correlations

-0.670.15-0.220.9-0.850.96-0.240.750.99-0.970.750.380.750.66-0.770.11-0.740.780.76-0.80.920.55-0.550.940.93
-0.67-0.250.31-0.720.81-0.640.29-0.38-0.690.77-0.38-0.16-0.72-0.880.79-0.470.74-0.4-0.740.76-0.58-0.090.23-0.56-0.61
0.15-0.25-0.980.4-0.350.05-0.9-0.270.21-0.19-0.270.210.480.33-0.50.69-0.5-0.190.48-0.150.00.110.270.01-0.03
-0.220.31-0.98-0.410.37-0.150.940.22-0.270.280.22-0.25-0.46-0.40.51-0.650.50.14-0.470.19-0.08-0.13-0.27-0.11-0.06
0.9-0.720.4-0.41-0.970.78-0.390.540.92-0.890.540.180.960.78-0.960.47-0.950.540.96-0.820.710.54-0.440.720.71
-0.850.81-0.350.37-0.97-0.750.34-0.55-0.870.87-0.55-0.13-0.96-0.870.97-0.510.97-0.53-0.960.82-0.65-0.50.46-0.66-0.67
0.96-0.640.05-0.150.78-0.75-0.180.770.94-0.960.770.370.590.65-0.63-0.04-0.610.790.61-0.770.950.45-0.570.990.97
-0.240.29-0.90.94-0.390.34-0.180.17-0.290.290.17-0.26-0.42-0.360.46-0.670.450.08-0.420.11-0.13-0.11-0.33-0.16-0.1
0.75-0.38-0.270.220.54-0.550.770.170.67-0.651.00.320.370.3-0.35-0.28-0.340.980.38-0.50.820.58-0.610.730.81
0.99-0.690.21-0.270.92-0.870.94-0.290.67-0.980.670.340.790.7-0.810.19-0.780.690.8-0.820.90.51-0.520.930.9
-0.970.77-0.190.28-0.890.87-0.960.29-0.65-0.98-0.65-0.3-0.76-0.790.81-0.190.78-0.67-0.770.85-0.88-0.440.53-0.93-0.9
0.75-0.38-0.270.220.54-0.550.770.171.00.67-0.650.320.370.3-0.35-0.28-0.340.980.38-0.50.820.58-0.610.730.81
0.38-0.160.21-0.250.18-0.130.37-0.260.320.34-0.30.320.05-0.02-0.09-0.27-0.020.510.04-0.040.360.38-0.010.380.32
0.75-0.720.48-0.460.96-0.960.59-0.420.370.79-0.760.370.050.77-0.980.65-0.980.351.0-0.760.530.46-0.310.520.53
0.66-0.880.33-0.40.78-0.870.65-0.360.30.7-0.790.3-0.020.77-0.860.53-0.850.290.8-0.770.50.19-0.340.560.55
-0.770.79-0.50.51-0.960.97-0.630.46-0.35-0.810.81-0.35-0.09-0.98-0.86-0.650.99-0.34-0.990.78-0.53-0.430.33-0.56-0.55
0.11-0.470.69-0.650.47-0.51-0.04-0.67-0.280.19-0.19-0.28-0.270.650.53-0.65-0.66-0.310.65-0.31-0.1-0.060.23-0.11-0.09
-0.740.74-0.50.5-0.950.97-0.610.45-0.34-0.780.78-0.34-0.02-0.98-0.850.99-0.66-0.32-0.990.77-0.5-0.440.33-0.53-0.52
0.78-0.4-0.190.140.54-0.530.790.080.980.69-0.670.980.510.350.29-0.34-0.31-0.320.35-0.480.830.6-0.560.760.82
0.76-0.740.48-0.470.96-0.960.61-0.420.380.8-0.770.380.041.00.8-0.990.65-0.990.35-0.770.540.44-0.310.530.54
-0.80.76-0.150.19-0.820.82-0.770.11-0.5-0.820.85-0.5-0.04-0.76-0.770.78-0.310.77-0.48-0.77-0.72-0.230.5-0.73-0.75
0.92-0.580.0-0.080.71-0.650.95-0.130.820.9-0.880.820.360.530.5-0.53-0.1-0.50.830.54-0.720.37-0.450.961.0
0.55-0.090.11-0.130.54-0.50.45-0.110.580.51-0.440.580.380.460.19-0.43-0.06-0.440.60.44-0.230.37-0.490.410.35
-0.550.230.27-0.27-0.440.46-0.57-0.33-0.61-0.520.53-0.61-0.01-0.31-0.340.330.230.33-0.56-0.310.5-0.45-0.49-0.54-0.48
0.94-0.560.01-0.110.72-0.660.99-0.160.730.93-0.930.730.380.520.56-0.56-0.11-0.530.760.53-0.730.960.41-0.540.96
0.93-0.61-0.03-0.060.71-0.670.97-0.10.810.9-0.90.810.320.530.55-0.55-0.09-0.520.820.54-0.751.00.35-0.480.96
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Apax Global Account Relationship Matchups

Apax Global fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B1.2B1.5B1.3B1.3B1.2B
Other Current Liab(13.4M)(31.0M)(67K)(4.0M)(10.8M)(11.3M)
Total Current Liabilities13.4M31.0M67K4.0M11.3M7.7M
Total Stockholder Equity1.1B1.2B1.5B1.3B1.3B928.7M
Net Debt(3.3M)(124.6M)(108.5M)(68.0M)(101.4M)(96.3M)
Retained Earnings218.3M327.4M607.9M425.6M413.8M434.5M
Cash3.3M124.6M108.5M68.0M101.4M52.6M
Non Current Assets Total1.1B1.1B1.3B1.2B1.2B1.1B
Non Currrent Assets Other(1.1B)(1.1B)(1.3B)(1.2B)(1.2B)(1.3B)
Cash And Short Term Investments3.3M124.6M108.5M68.0M101.4M52.6M
Net Receivables2.3M1.3M33.6M1.7M2.5M2.4M
Liabilities And Stockholders Equity1.1B1.2B1.5B1.3B1.3B1.2B
Total Liab13.4M31.0M67K11.9M13.0M12.3M
Total Current Assets5.5M125.9M143.4M70.1M106.1M60.3M
Net Tangible Assets1.1B1.2B1.5B1.3B1.5B1.2B
Inventory(2.0M)(1.5M)(2.1M)(429K)(2.2M)(2.3M)
Other Current Assets2.1M0.01.3M429K2.2M1.3M
Long Term Investments1.1B1.1B1.3B1.2B1.2B1.2B
Accumulated Other Comprehensive Income0.06.9M8.4M6.6M5.9M7.3M
Other Assets1.1B1.2B1.5B1.3B1.5B1.3B

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