Apex Non Current Assets Total vs Net Debt Analysis

APEX Stock

224.32 7.51 3.24%

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

Non Current Assets Total vs Net Debt

Non Current Assets Total vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apex Frozen Foods Non Current Assets Total account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Apex Frozen's Non Current Assets Total and Net Debt is 0.8. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net Debt in the same time period over historical financial statements of Apex Frozen Foods, assuming nothing else is changed. The correlation between historical values of Apex Frozen's Non Current Assets Total and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Apex Frozen Foods are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Current Assets Total i.e., Apex Frozen's Non Current Assets Total and Net Debt go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

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Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

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.

Most indicators from Apex Frozen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apex Frozen Foods 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 Apex Frozen Foods. 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 drop to about 54.2 M in 2024. Tax Provision is likely to drop to about 47.1 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	162.0M	147.1M	100.6M	108.3M
Depreciation And Amortization	185.1M	194.3M	148.2M	120.9M

Interest Expense Depreciation And Amortization

Apex Frozen fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	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	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab
Total Assets		0.82	0.26	0.84	0.99	0.99	0.82	0.98	0.53	-0.48	0.99	0.54	0.55	0.16	0.84	0.64	0.83	0.63	0.98	0.21	0.44	0.82	0.99	0.88	0.92	0.67
Short Long Term Debt Total	0.82		0.17	0.96	0.73	0.81	1.0	0.72	0.63	-0.41	0.79	0.02	0.26	-0.23	0.66	0.56	0.86	0.92	0.79	-0.09	0.39	0.98	0.82	0.99	0.69	0.47
Other Current Liab	0.26	0.17		0.27	0.26	0.32	0.17	0.21	0.33	0.11	0.33	0.49	0.55	-0.08	0.24	0.22	0.3	-0.04	0.11	0.61	-0.7	0.23	0.2	0.23	0.3	0.13
Total Current Liabilities	0.84	0.96	0.27		0.74	0.84	0.97	0.72	0.78	-0.46	0.82	0.15	0.41	-0.24	0.67	0.62	0.89	0.85	0.79	0.0	0.34	1.0	0.83	0.97	0.77	0.46
Total Stockholder Equity	0.99	0.73	0.26	0.74		0.97	0.73	0.99	0.43	-0.47	0.98	0.63	0.56	0.26	0.83	0.61	0.77	0.53	0.97	0.27	0.43	0.73	0.98	0.8	0.91	0.68
Property Plant And Equipment Net	0.99	0.81	0.32	0.84	0.97		0.81	0.96	0.55	-0.51	1.0	0.55	0.58	0.16	0.76	0.63	0.83	0.6	0.96	0.27	0.35	0.82	0.96	0.88	0.89	0.62
Net Debt	0.82	1.0	0.17	0.97	0.73	0.81		0.72	0.63	-0.43	0.8	0.03	0.26	-0.24	0.65	0.56	0.87	0.91	0.8	-0.08	0.4	0.98	0.82	0.99	0.7	0.47
Retained Earnings	0.98	0.72	0.21	0.72	0.99	0.96	0.72		0.38	-0.43	0.97	0.61	0.5	0.33	0.8	0.62	0.72	0.55	0.97	0.25	0.45	0.7	0.96	0.79	0.89	0.73
Accounts Payable	0.53	0.63	0.33	0.78	0.43	0.55	0.63	0.38		-0.33	0.54	0.18	0.6	-0.47	0.39	0.42	0.75	0.54	0.46	0.12	0.03	0.76	0.5	0.62	0.53	0.04
Cash	-0.48	-0.41	0.11	-0.46	-0.47	-0.51	-0.43	-0.43	-0.33		-0.51	-0.12	-0.29	0.08	-0.18	-0.48	-0.42	-0.23	-0.54	-0.29	-0.41	-0.43	-0.45	-0.46	-0.54	-0.11
Non Current Assets Total	0.99	0.79	0.33	0.82	0.98	1.0	0.8	0.97	0.54	-0.51		0.57	0.59	0.18	0.76	0.63	0.82	0.58	0.96	0.29	0.34	0.8	0.96	0.87	0.9	0.63
Non Currrent Assets Other	0.54	0.02	0.49	0.15	0.63	0.55	0.03	0.61	0.18	-0.12	0.57		0.72	0.57	0.5	0.3	0.27	-0.2	0.49	0.61	-0.06	0.1	0.5	0.15	0.57	0.48
Other Assets	0.55	0.26	0.55	0.41	0.56	0.58	0.26	0.5	0.6	-0.29	0.59	0.72		0.05	0.46	0.13	0.62	-0.02	0.43	0.63	-0.19	0.35	0.49	0.35	0.48	0.09
Cash And Short Term Investments	0.16	-0.23	-0.08	-0.24	0.26	0.16	-0.24	0.33	-0.47	0.08	0.18	0.57	0.05		0.1	0.07	-0.29	-0.27	0.21	0.23	0.23	-0.25	0.14	-0.16	0.11	0.6
Net Receivables	0.84	0.66	0.24	0.67	0.83	0.76	0.65	0.8	0.39	-0.18	0.76	0.5	0.46	0.1		0.5	0.68	0.55	0.76	0.06	0.45	0.67	0.89	0.7	0.82	0.68
Common Stock Shares Outstanding	0.64	0.56	0.22	0.62	0.61	0.63	0.56	0.62	0.42	-0.48	0.63	0.3	0.13	0.07	0.5		0.33	0.56	0.68	0.3	0.34	0.62	0.64	0.58	0.83	0.65
Short Term Investments	0.83	0.86	0.3	0.89	0.77	0.83	0.87	0.72	0.75	-0.42	0.82	0.27	0.62	-0.29	0.68	0.33		0.67	0.77	0.07	0.22	0.87	0.82	0.89	0.66	0.24
Non Current Liabilities Total	0.63	0.92	-0.04	0.85	0.53	0.6	0.91	0.55	0.54	-0.23	0.58	-0.2	-0.02	-0.27	0.55	0.56	0.67		0.65	-0.27	0.48	0.89	0.67	0.86	0.53	0.48
Inventory	0.98	0.79	0.11	0.79	0.97	0.96	0.8	0.97	0.46	-0.54	0.96	0.49	0.43	0.21	0.76	0.68	0.77	0.65		0.17	0.54	0.79	0.97	0.85	0.9	0.67
Other Current Assets	0.21	-0.09	0.61	0.0	0.27	0.27	-0.08	0.25	0.12	-0.29	0.29	0.61	0.63	0.23	0.06	0.3	0.07	-0.27	0.17		-0.44	-0.04	0.14	-0.01	0.28	0.12
Other Stockholder Equity	0.44	0.39	-0.7	0.34	0.43	0.35	0.4	0.45	0.03	-0.41	0.34	-0.06	-0.19	0.23	0.45	0.34	0.22	0.48	0.54	-0.44		0.37	0.51	0.38	0.42	0.47
Total Liab	0.82	0.98	0.23	1.0	0.73	0.82	0.98	0.7	0.76	-0.43	0.8	0.1	0.35	-0.25	0.67	0.62	0.87	0.89	0.79	-0.04	0.37		0.82	0.97	0.75	0.47
Total Current Assets	0.99	0.82	0.2	0.83	0.98	0.96	0.82	0.96	0.5	-0.45	0.96	0.5	0.49	0.14	0.89	0.64	0.82	0.67	0.97	0.14	0.51	0.82		0.87	0.92	0.69
Short Term Debt	0.88	0.99	0.23	0.97	0.8	0.88	0.99	0.79	0.62	-0.46	0.87	0.15	0.35	-0.16	0.7	0.58	0.89	0.86	0.85	-0.01	0.38	0.97	0.87		0.76	0.52
Common Stock	0.92	0.69	0.3	0.77	0.91	0.89	0.7	0.89	0.53	-0.54	0.9	0.57	0.48	0.11	0.82	0.83	0.66	0.53	0.9	0.28	0.42	0.75	0.92	0.76		0.68
Other Liab	0.67	0.47	0.13	0.46	0.68	0.62	0.47	0.73	0.04	-0.11	0.63	0.48	0.09	0.6	0.68	0.65	0.24	0.48	0.67	0.12	0.47	0.47	0.69	0.52	0.68

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Apex Frozen Account Relationship Matchups

Apex Frozen fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.3B	6.6B	6.8B	6.1B	6.3B	4.6B
Short Long Term Debt Total	1.6B	1.7B	1.7B	905.8M	1.1B	1.2B
Other Current Liab	(1K)	200.6M	133.5M	74.3M	106.3M	189.1M
Total Current Liabilities	2.1B	1.9B	1.7B	1.1B	1.2B	1.4B
Total Stockholder Equity	4.0B	4.4B	4.8B	4.9B	5.0B	3.0B
Property Plant And Equipment Net	2.9B	2.7B	2.6B	2.6B	2.6B	1.8B
Net Debt	1.6B	1.7B	1.6B	889.6M	1.0B	1.2B
Retained Earnings	2.4B	2.9B	3.2B	3.4B	3.6B	1.9B
Accounts Payable	453.3M	234.0M	209.3M	172.5M	102.6M	97.4M
Cash	7.9M	26.4M	25.2M	16.2M	29.5M	20.9M
Non Current Assets Total	2.9B	2.7B	2.6B	2.7B	2.7B	1.9B
Non Currrent Assets Other	18.1M	2K	26.3M	92.2M	63.3M	34.0M
Other Assets	83.1M	49.8M	39.6M	134.9M	1.0	0.95
Cash And Short Term Investments	7.9M	26.4M	25.2M	132.5M	98.6M	103.6M
Net Receivables	791.2M	1.8B	1.8B	1.3B	1.4B	1.2B
Short Term Investments	299.0M	226.5M	275.6M	116.2M	69.1M	65.7M
Liabilities And Stockholders Equity	6.3B	6.6B	6.8B	6.1B	6.3B	4.6B
Non Current Liabilities Total	243.5M	280.6M	291.2M	100.9M	157.0M	177.7M
Inventory	1.8B	1.6B	2.0B	1.8B	1.9B	1.3B
Other Stockholder Equity	1.5B	(2.4B)	1.1B	1.2B	1.3B	1.3B
Total Liab	2.3B	2.2B	2.0B	1.2B	1.4B	1.6B
Total Current Assets	3.4B	3.9B	4.2B	3.4B	3.6B	2.7B
Short Term Debt	1.4B	1.4B	1.4B	877.9M	995.4M	1.0B
Other Liab	23.2M	2.8M	56.7M	73.0M	84.0M	88.2M
Net Tangible Assets	4.0B	4.4B	4.8B	4.9B	5.6B	3.0B
Current Deferred Revenue	224.7M	(1.5B)	(1.4B)	49.6M	1.3M	1.3M
Long Term Debt	233.4M	280.6M	291.2M	27.9M	73.5M	69.8M
Short Long Term Debt	1.2B	1.4B	1.4B	877.9M	995.4M	937.5M
Accumulated Other Comprehensive Income	(273.3M)	(370.3M)	(556.0M)	100M	166.9M	0.0
Property Plant Equipment	2.8B	2.7B	2.6B	2.6B	3.0B	1.8B
Long Term Debt Total	240.6M	280.6M	291.2M	27.9M	32.1M	30.5M
Net Invested Capital	5.4B	6.1B	6.4B	5.8B	6.0B	6.0B
Non Current Liabilities Other	2.8M	(2K)	(3K)	9.3M	8.4M	7.2M
Net Working Capital	1.3B	2.0B	2.4B	2.3B	2.4B	2.1B

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Apex Non Current Assets Total vs Net Debt Analysis

Non Current Assets Total vs Net Debt

Non Current Assets Total vs Net Debt Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Net Debt

Apex Frozen fundamental ratios Correlations

Apex Frozen Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Apex Frozen fundamental ratios Accounts

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Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Other Stockholder Equity	- 0.7	Other Current Liab
Common Stock	- 0.54	Cash
Inventory	- 0.54	Cash
Non Current Assets Total	- 0.51	Cash
Cash	- 0.51	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.48	Cash