Asset Short Term Debt vs Net Working Capital Analysis

ASST Stock

0.63 0.01 1.94%

Asset Entities financial indicator trend analysis is way more than just evaluating Asset Entities Class prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asset Entities Class is a good investment. Please check the relationship between Asset Entities Short Term Debt and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asset Entities Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Short Term Debt vs Net Working Capital

Short Term Debt vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asset Entities Class Short Term Debt account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Asset Entities' Short Term Debt and Net Working Capital is 0.65. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Asset Entities Class, assuming nothing else is changed. The correlation between historical values of Asset Entities' Short Term Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Asset Entities Class are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Short Term Debt i.e., Asset Entities' Short Term Debt and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.65

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Short Term Debt

Net Working Capital

Most indicators from Asset Entities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asset Entities Class 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 Asset Entities Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Asset Entities' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 8.94 in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (1.11).

	2021	2022	2023	2024 (projected)
Gross Profit	829.6K	187.9K	276.3K	275.8K
Total Revenue	829.6K	343.1K	277.0K	422.6K

Gross Profit Total Revenue

Asset Entities fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Short Long Term Debt Total	Accounts Payable	Non Currrent Assets Other	Other Assets	Other Current Assets	Short Long Term Debt	Short Term Debt
Total Assets		0.43	0.63	1.0	0.87	-0.88	-0.99	-1.0	1.0	1.0	1.0	-0.07	1.0	0.63	1.0	1.0	0.94	1.0	0.94	0.88	0.68	-0.18	1.0	0.06	0.88	0.69
Other Current Liab	0.43		-0.42	0.47	-0.06	0.01	-0.52	-0.43	0.48	0.48	0.5	-0.93	0.45	-0.42	0.42	0.43	0.3	0.47	0.3	-0.05	-0.36	-0.96	0.46	-0.87	-0.05	-0.36
Total Current Liabilities	0.63	-0.42		0.59	0.91	-0.91	-0.55	-0.64	0.59	0.59	0.57	0.72	0.61	1.0	0.63	0.63	0.72	0.59	0.72	0.92	0.99	0.64	0.6	0.8	0.92	0.99
Total Stockholder Equity	1.0	0.47	0.59		0.85	-0.86	-1.0	-1.0	1.0	1.0	1.0	-0.12	1.0	0.59	1.0	1.0	0.93	1.0	0.93	0.85	0.65	-0.22	1.0	0.01	0.85	0.65
Net Tangible Assets	0.87	-0.06	0.91	0.85		-0.99	-0.81	-0.87	0.84	0.84	0.83	0.41	0.86	0.91	0.87	0.87	0.87	0.85	0.87	0.99	0.94	0.31	0.85	0.52	0.99	0.94
Current Deferred Revenue	-0.88	0.01	-0.91	-0.86	-0.99		0.84	0.89	-0.86	-0.86	-0.84	-0.37	-0.88	-0.91	-0.88	-0.88	-0.93	-0.86	-0.93	-0.98	-0.92	-0.26	-0.87	-0.48	-0.98	-0.92
Net Debt	-0.99	-0.52	-0.55	-1.0	-0.81	0.84		0.99	-1.0	-1.0	-1.0	0.18	-0.99	-0.55	-0.99	-0.99	-0.94	-1.0	-0.94	-0.82	-0.6	0.28	-1.0	0.05	-0.82	-0.61
Retained Earnings	-1.0	-0.43	-0.64	-1.0	-0.87	0.89	0.99		-1.0	-1.0	-1.0	0.07	-1.0	-0.64	-1.0	-1.0	-0.96	-1.0	-0.96	-0.88	-0.69	0.18	-1.0	-0.06	-0.88	-0.69
Cash	1.0	0.48	0.59	1.0	0.84	-0.86	-1.0	-1.0		1.0	1.0	-0.12	1.0	0.59	1.0	1.0	0.93	1.0	0.93	0.85	0.64	-0.23	1.0	0.01	0.85	0.65
Cash And Short Term Investments	1.0	0.48	0.59	1.0	0.84	-0.86	-1.0	-1.0	1.0		1.0	-0.12	1.0	0.59	1.0	1.0	0.93	1.0	0.93	0.85	0.64	-0.23	1.0	0.01	0.85	0.65
Common Stock Shares Outstanding	1.0	0.5	0.57	1.0	0.83	-0.84	-1.0	-1.0	1.0	1.0		-0.15	1.0	0.57	1.0	1.0	0.93	1.0	0.93	0.84	0.62	-0.25	1.0	-0.02	0.84	0.63
Non Current Liabilities Total	-0.07	-0.93	0.72	-0.12	0.41	-0.37	0.18	0.07	-0.12	-0.12	-0.15		-0.09	0.72	-0.07	-0.07	0.04	-0.12	0.04	0.41	0.68	0.99	-0.11	0.99	0.41	0.67
Other Stockholder Equity	1.0	0.45	0.61	1.0	0.86	-0.88	-0.99	-1.0	1.0	1.0	1.0	-0.09		0.61	1.0	1.0	0.94	1.0	0.94	0.87	0.67	-0.2	1.0	0.04	0.87	0.67
Total Liab	0.63	-0.42	1.0	0.59	0.91	-0.91	-0.55	-0.64	0.59	0.59	0.57	0.72	0.61		0.63	0.63	0.72	0.59	0.72	0.92	0.99	0.64	0.6	0.8	0.92	0.99
Net Invested Capital	1.0	0.42	0.63	1.0	0.87	-0.88	-0.99	-1.0	1.0	1.0	1.0	-0.07	1.0	0.63		1.0	0.94	1.0	0.94	0.88	0.69	-0.17	1.0	0.07	0.88	0.69
Total Current Assets	1.0	0.43	0.63	1.0	0.87	-0.88	-0.99	-1.0	1.0	1.0	1.0	-0.07	1.0	0.63	1.0		0.94	1.0	0.94	0.88	0.68	-0.17	1.0	0.06	0.88	0.69
Capital Stock	0.94	0.3	0.72	0.93	0.87	-0.93	-0.94	-0.96	0.93	0.93	0.93	0.04	0.94	0.72	0.94	0.94		0.93	1.0	0.88	0.74	-0.06	0.94	0.17	0.88	0.75
Net Working Capital	1.0	0.47	0.59	1.0	0.85	-0.86	-1.0	-1.0	1.0	1.0	1.0	-0.12	1.0	0.59	1.0	1.0	0.93		0.93	0.86	0.65	-0.22	1.0	0.01	0.86	0.65
Common Stock	0.94	0.3	0.72	0.93	0.87	-0.93	-0.94	-0.96	0.93	0.93	0.93	0.04	0.94	0.72	0.94	0.94	1.0	0.93		0.88	0.74	-0.06	0.94	0.17	0.88	0.75
Short Long Term Debt Total	0.88	-0.05	0.92	0.85	0.99	-0.98	-0.82	-0.88	0.85	0.85	0.84	0.41	0.87	0.92	0.88	0.88	0.88	0.86	0.88		0.95	0.31	0.86	0.53	1.0	0.95
Accounts Payable	0.68	-0.36	0.99	0.65	0.94	-0.92	-0.6	-0.69	0.64	0.64	0.62	0.68	0.67	0.99	0.69	0.68	0.74	0.65	0.74	0.95		0.6	0.65	0.77	0.95	1.0
Non Currrent Assets Other	-0.18	-0.96	0.64	-0.22	0.31	-0.26	0.28	0.18	-0.23	-0.23	-0.25	0.99	-0.2	0.64	-0.17	-0.17	-0.06	-0.22	-0.06	0.31	0.6		-0.22	0.97	0.31	0.59
Other Assets	1.0	0.46	0.6	1.0	0.85	-0.87	-1.0	-1.0	1.0	1.0	1.0	-0.11	1.0	0.6	1.0	1.0	0.94	1.0	0.94	0.86	0.65	-0.22		0.02	0.86	0.66
Other Current Assets	0.06	-0.87	0.8	0.01	0.52	-0.48	0.05	-0.06	0.01	0.01	-0.02	0.99	0.04	0.8	0.07	0.06	0.17	0.01	0.17	0.53	0.77	0.97	0.02		0.53	0.76
Short Long Term Debt	0.88	-0.05	0.92	0.85	0.99	-0.98	-0.82	-0.88	0.85	0.85	0.84	0.41	0.87	0.92	0.88	0.88	0.88	0.86	0.88	1.0	0.95	0.31	0.86	0.53		0.95
Short Term Debt	0.69	-0.36	0.99	0.65	0.94	-0.92	-0.61	-0.69	0.65	0.65	0.63	0.67	0.67	0.99	0.69	0.69	0.75	0.65	0.75	0.95	1.0	0.59	0.66	0.76	0.95

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Asset Short Term Debt vs Net Working Capital Analysis

Short Term Debt vs Net Working Capital

Short Term Debt vs Net Working Capital Correlation Analysis

Correlation Coefficient

Short Term Debt

Net Working Capital

Asset Entities fundamental ratios Correlations

Asset Entities Account Relationship Matchups

High Positive Relationship

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Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Common Stock Shares Outstanding	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets

Other Assets	- 1.0	Retained Earnings
Net Working Capital	- 1.0	Retained Earnings
Total Current Assets	- 1.0	Retained Earnings
Net Invested Capital	- 1.0	Retained Earnings
Other Stockholder Equity	- 1.0	Retained Earnings
Common Stock Shares Outstanding	- 1.0	Retained Earnings