Alpha Net Debt vs Total Assets Analysis

APT Stock  USD 5.36  0.05  0.92%   
Alpha Pro financial indicator trend analysis is way more than just evaluating Alpha Pro Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alpha Pro Tech is a good investment. Please check the relationship between Alpha Pro Net Debt and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alpha Pro Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alpha Pro Tech Net Debt account and Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Alpha Pro's Net Debt and Total Assets is -0.86. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Alpha Pro Tech, assuming nothing else is changed. The correlation between historical values of Alpha Pro's Net Debt and Total Assets 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 Alpha Pro Tech are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Alpha Pro's Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.86
Relationship DirectionNegative 
Relationship StrengthSignificant

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.

Total Assets

Total assets refers to the total amount of Alpha Pro assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Alpha Pro Tech books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Alpha Pro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alpha Pro Tech 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 Alpha Pro Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Tax Provision is likely to gain to about 1.6 M in 2025, whereas Selling General Administrative is likely to drop slightly above 12.8 M in 2025.
 2022 2023 2024 2025 (projected)
Gross Profit21.7M22.8M26.3M18.0M
Total Revenue62.0M61.2M70.4M44.1M

Alpha Pro fundamental ratios Correlations

0.680.280.311.00.930.63-0.860.92-0.190.960.95-0.420.960.66-0.63-0.570.940.870.730.91-0.30.810.821.00.5
0.680.380.070.660.710.34-0.480.46-0.190.680.71-0.020.70.39-0.31-0.280.520.80.240.630.160.650.840.66-0.14
0.280.380.70.240.15-0.32-0.490.310.570.410.230.360.430.55-0.28-0.220.210.2-0.060.32-0.310.470.110.280.03
0.310.070.70.260.320.17-0.470.360.760.480.320.410.470.43-0.37-0.450.450.3-0.020.28-0.440.670.190.30.62
1.00.660.240.260.920.62-0.860.92-0.230.940.94-0.470.950.66-0.63-0.550.920.840.760.92-0.30.760.791.00.48
0.930.710.150.320.920.77-0.710.83-0.210.910.99-0.240.90.53-0.64-0.650.90.950.570.78-0.240.880.930.90.56
0.630.34-0.320.170.620.77-0.390.51-0.190.620.7-0.220.60.14-0.41-0.530.760.70.40.55-0.060.620.780.60.6
-0.86-0.48-0.49-0.47-0.86-0.71-0.39-0.87-0.07-0.91-0.750.34-0.92-0.710.630.54-0.81-0.6-0.67-0.840.4-0.67-0.56-0.88-0.47
0.920.460.310.360.920.830.51-0.87-0.220.880.9-0.370.870.66-0.81-0.710.840.680.710.82-0.630.690.610.910.61
-0.19-0.190.570.76-0.23-0.21-0.19-0.07-0.220.0-0.250.540.010.120.220.12-0.03-0.16-0.36-0.120.040.22-0.2-0.170.17
0.960.680.410.480.940.910.62-0.910.880.00.92-0.241.00.64-0.64-0.610.910.840.580.87-0.30.870.820.950.52
0.950.710.230.320.940.990.7-0.750.9-0.250.92-0.240.910.56-0.72-0.70.890.910.590.81-0.360.850.880.920.55
-0.42-0.020.360.41-0.47-0.24-0.220.34-0.370.54-0.24-0.24-0.26-0.190.01-0.14-0.37-0.2-0.77-0.45-0.080.03-0.11-0.47-0.13
0.960.70.430.470.950.90.6-0.920.870.011.00.91-0.260.66-0.63-0.590.920.850.60.89-0.290.870.810.960.49
0.660.390.550.430.660.530.14-0.710.660.120.640.56-0.190.66-0.5-0.420.610.460.570.61-0.320.540.390.680.32
-0.63-0.31-0.28-0.37-0.63-0.64-0.410.63-0.810.22-0.64-0.720.01-0.63-0.50.96-0.59-0.5-0.47-0.530.79-0.54-0.48-0.59-0.5
-0.57-0.28-0.22-0.45-0.55-0.65-0.530.54-0.710.12-0.61-0.7-0.14-0.59-0.420.96-0.6-0.54-0.36-0.440.71-0.61-0.54-0.51-0.57
0.940.520.210.450.920.90.76-0.810.84-0.030.910.89-0.370.920.61-0.59-0.60.840.670.88-0.290.850.780.930.66
0.870.80.20.30.840.950.7-0.60.68-0.160.840.91-0.20.850.46-0.5-0.540.840.470.72-0.050.910.940.830.41
0.730.24-0.06-0.020.760.570.4-0.670.71-0.360.580.59-0.770.60.57-0.47-0.360.670.470.7-0.210.340.390.760.39
0.910.630.320.280.920.780.55-0.840.82-0.120.870.81-0.450.890.61-0.53-0.440.880.720.7-0.220.680.70.930.35
-0.30.16-0.31-0.44-0.3-0.24-0.060.4-0.630.04-0.3-0.36-0.08-0.29-0.320.790.71-0.29-0.05-0.21-0.22-0.230.03-0.27-0.56
0.810.650.470.670.760.880.62-0.670.690.220.870.850.030.870.54-0.54-0.610.850.910.340.68-0.230.820.780.59
0.820.840.110.190.790.930.78-0.560.61-0.20.820.88-0.110.810.39-0.48-0.540.780.940.390.70.030.820.780.29
1.00.660.280.31.00.90.6-0.880.91-0.170.950.92-0.470.960.68-0.59-0.510.930.830.760.93-0.270.780.780.48
0.5-0.140.030.620.480.560.6-0.470.610.170.520.55-0.130.490.32-0.5-0.570.660.410.390.35-0.560.590.290.48
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Alpha Pro Account Relationship Matchups

Alpha Pro fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets68.8M67.9M64.8M68.8M79.1M83.0M
Short Long Term Debt Total3.6M2.7M1.8M4.8M5.6M5.9M
Other Current Liab3.7M367K(66K)1.1M1.3M1.2M
Total Current Liabilities5.9M2.7M2.4M2.6M3.0M2.8M
Total Stockholder Equity60.0M62.6M60.8M61.6M70.8M74.3M
Property Plant And Equipment Net7.9M8.7M7.5M10.4M12.0M12.6M
Net Debt(19.7M)(13.6M)(14.5M)(15.5M)(14.0M)(13.3M)
Retained Earnings59.5M62.5M62.1M46.6M53.5M56.2M
Accounts Payable2.0M528K674K802K721.8K820.1K
Cash23.3M16.3M16.3M20.4M23.4M24.6M
Non Current Assets Total13.5M14.9M12.2M15.7M18.1M19.0M
Non Currrent Assets Other(211K)(791K)(764K)(442K)(397.8K)(417.7K)
Cash And Short Term Investments23.3M16.3M16.3M20.4M23.4M24.6M
Net Receivables9.0M4.8M7.0M6.5M7.5M5.1M
Common Stock Shares Outstanding14.0M13.5M12.8M11.9M10.7M16.3M
Liabilities And Stockholders Equity68.8M67.9M64.8M68.8M79.1M83.0M
Non Current Liabilities Total2.9M2.6M1.6M4.6M5.3M5.6M
Inventory16.7M25.0M24.4M20.1M23.2M12.6M
Other Current Assets6.1M6.9M4.9M6.0M6.9M7.3M
Other Stockholder Equity409K132K(1.5M)16.3M14.7M15.5M
Total Liab8.8M5.3M4.0M7.2M8.3M8.7M
Property Plant And Equipment Gross7.9M8.7M7.5M24.0M27.6M28.9M
Total Current Assets55.3M53.0M52.6M53.1M61.0M64.1M
Short Term Debt1.7M1.8M1.8M661K760.2K853.4K
Intangible Assets11K7K3K1K900.0855.0
Property Plant Equipment3.9M4.4M8.7M5.7M6.6M4.1M
Net Tangible Assets33.2M60.0M62.6M60.7M69.8M45.0M
Retained Earnings Total Equity29.4M32.4M59.5M62.1M71.4M75.0M
Long Term Investments5.5M6.1M4.7M5.2M6.0M4.4M
Other Liab224K211K791K764K687.6K605.7K
Net Invested Capital60.0M62.6M60.8M61.6M70.8M53.7M

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