Ashley Total Current Assets vs Short Term Debt Analysis

ASH Stock   0.18  0.01  5.26%   
Ashley Services financial indicator trend analysis is way more than just evaluating Ashley Services Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ashley Services Group is a good investment. Please check the relationship between Ashley Services Total Current Assets and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashley Services Group. 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 Assets vs Short Term Debt

Total Current Assets vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashley Services Group Total Current Assets account and Short Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Ashley Services' Total Current Assets and Short Term Debt is 0.89. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Ashley Services Group, assuming nothing else is changed. The correlation between historical values of Ashley Services' Total Current Assets and Short Term 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 Total Current Assets of Ashley Services Group are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Current Assets i.e., Ashley Services' Total Current Assets and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Short Term Debt

Most indicators from Ashley Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ashley Services Group 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 Ashley Services Group. 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.
At this time, Ashley Services' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 2 M in 2024, whereas Discontinued Operations is likely to drop (504.6 K) in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit28.1M31.2M556.5M584.4M
Total Revenue449.8M549.2M556.5M322.0M

Ashley Services fundamental ratios Correlations

0.440.750.970.980.620.590.670.970.97-0.090.970.970.080.980.970.970.970.960.970.140.97-0.030.45-0.170.43
0.440.680.370.57-0.26-0.01-0.020.450.420.470.420.440.340.50.420.420.40.590.380.450.440.68-0.210.430.0
0.750.680.710.760.130.660.460.70.670.530.670.70.220.780.630.670.690.870.680.440.690.280.260.370.27
0.970.370.710.930.660.610.790.940.95-0.130.950.94-0.030.930.920.950.940.930.940.20.95-0.020.36-0.20.29
0.980.570.760.930.530.450.550.980.97-0.080.970.980.120.980.960.970.970.950.960.170.970.050.36-0.110.41
0.62-0.260.130.660.530.360.530.60.61-0.620.610.59-0.320.570.590.610.630.40.65-0.420.6-0.390.65-0.440.51
0.59-0.010.660.610.450.360.710.470.470.310.470.48-0.090.550.470.470.490.630.510.310.47-0.120.430.050.2
0.67-0.020.460.790.550.530.710.590.63-0.090.620.6-0.230.560.590.620.610.650.610.370.62-0.150.14-0.28-0.13
0.970.450.70.940.980.60.470.591.0-0.181.00.990.080.980.971.01.00.910.990.081.0-0.10.43-0.260.46
0.970.420.670.950.970.610.470.631.0-0.221.01.00.090.970.981.01.00.90.990.071.0-0.130.43-0.30.43
-0.090.470.53-0.13-0.08-0.620.31-0.09-0.18-0.22-0.21-0.170.19-0.06-0.23-0.21-0.20.16-0.210.59-0.20.56-0.240.73-0.23
0.970.420.670.950.970.610.470.621.01.0-0.211.00.090.970.981.01.00.90.990.071.0-0.120.42-0.30.43
0.970.440.70.940.980.590.480.60.991.0-0.171.00.120.980.981.01.00.920.990.091.0-0.110.43-0.260.45
0.080.340.22-0.030.12-0.32-0.09-0.230.080.090.190.090.120.170.10.10.110.110.1-0.180.1-0.060.20.10.33
0.980.50.780.930.980.570.550.560.980.97-0.060.970.980.170.960.970.980.940.980.070.97-0.060.51-0.150.53
0.970.420.630.920.960.590.470.590.970.98-0.230.980.980.10.960.980.970.910.970.070.98-0.110.43-0.330.44
0.970.420.670.950.970.610.470.621.01.0-0.211.01.00.10.970.981.00.910.990.071.0-0.130.43-0.30.44
0.970.40.690.940.970.630.490.611.01.0-0.21.01.00.110.980.971.00.91.00.031.0-0.150.49-0.290.49
0.960.590.870.930.950.40.630.650.910.90.160.90.920.110.940.910.910.90.890.380.910.140.280.00.27
0.970.380.680.940.960.650.510.610.990.99-0.210.990.990.10.980.970.991.00.890.00.99-0.170.52-0.30.52
0.140.450.440.20.17-0.420.310.370.080.070.590.070.09-0.180.070.070.070.030.380.00.080.52-0.670.42-0.7
0.970.440.690.950.970.60.470.621.01.0-0.21.01.00.10.970.981.01.00.910.990.08-0.110.42-0.270.44
-0.030.680.28-0.020.05-0.39-0.12-0.15-0.1-0.130.56-0.12-0.11-0.06-0.06-0.11-0.13-0.150.14-0.170.52-0.11-0.540.69-0.4
0.45-0.210.260.360.360.650.430.140.430.43-0.240.420.430.20.510.430.430.490.280.52-0.670.42-0.54-0.280.93
-0.170.430.37-0.2-0.11-0.440.05-0.28-0.26-0.30.73-0.3-0.260.1-0.15-0.33-0.3-0.290.0-0.30.42-0.270.69-0.28-0.18
0.430.00.270.290.410.510.2-0.130.460.43-0.230.430.450.330.530.440.440.490.270.52-0.70.44-0.40.93-0.18
Click cells to compare fundamentals

Ashley Services Account Relationship Matchups

Ashley Services fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets56.9M70.2M81.9M112.3M90.1M165.0M
Other Current Liab19.3M27.8M26.5M39.5M21.3M23.4M
Total Current Liabilities25.1M36.1M41.2M63.8M50.4M32.7M
Total Stockholder Equity25.8M28.0M31.6M33.8M30.4M28.9M
Other Liab4.2M4.8M6.7M11.9M10.7M15.2M
Retained Earnings(123.0M)(120.8M)(117.3M)(115.0M)(59.1M)(62.1M)
Accounts Payable1.4M5.2M8.3M5.6M5.5M6.6M
Cash8.6M3.5M2.2M2.5M137K130.2K
Other Assets1.05.8M4.1M10.2M9.1M8.7M
Net Receivables27.5M38.2M55.0M58.9M45.7M33.5M
Total Liab31.1M42.2M50.3M78.0M59.7M82.0M
Total Current Assets39.4M50.2M61.4M64.2M52.3M68.1M
Short Term Debt(2.9M)2.0M6.4M9.4M9.1M8.7M
Property Plant Equipment3.4M3.3M5.4M7.6M6.9M6.5M
Other Current Assets3.8M8.9M15.8M15.5M6.5M8.6M
Property Plant And Equipment Net3.4M3.3M5.4M7.6M8.2M4.3M
Net Debt(6.1M)(174K)6.6M9.2M15.5M16.2M
Non Current Assets Total17.5M20.0M20.5M48.1M37.8M25.1M
Non Currrent Assets Other92K111K(10.7M)(19.9M)1.1M1.1M
Cash And Short Term Investments8.6M3.5M2.2M2.5M158K150.1K
Liabilities And Stockholders Equity56.9M70.2M81.9M112.3M90.1M62.2M
Non Current Liabilities Total5.9M6.2M9.1M14.2M9.3M7.4M
Net Tangible Assets16.5M17.7M20.6M4.9M4.4M4.2M
Property Plant And Equipment Gross3.4M9.5M11.5M17.5M18.2M19.1M
Intangible Assets9.3M10.8M11.0M29.0M6.0M11.5M

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