ASX Short Term Investments vs Common Stock Total Equity Analysis

ASX Stock   66.47  0.41  0.62%   
ASX financial indicator trend analysis is way more than just evaluating ASX prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ASX is a good investment. Please check the relationship between ASX Short Term Investments and its Common Stock Total Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASX. 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.

Short Term Investments vs Common Stock Total Equity

Short Term Investments vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ASX Short Term Investments account and Common Stock Total Equity. At this time, the significance of the direction appears to have weak relationship.
The correlation between ASX's Short Term Investments and Common Stock Total Equity is 0.35. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of ASX, assuming nothing else is changed. The correlation between historical values of ASX's Short Term Investments and Common Stock Total Equity 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 Investments of ASX are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Short Term Investments i.e., ASX's Short Term Investments and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.35
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Term Investments

Short Term Investments is an item under the current assets section of ASX balance sheet. It contains any investments ASX undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that ASX can easily liquidate in the marketplace.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from ASX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ASX 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 ASX. 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 353.7 M in 2024. Tax Provision is likely to gain to about 212.2 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense13.8M333.1M460.6M483.6M
Depreciation And Amortization52.4M39.1M40M32.1M

ASX fundamental ratios Correlations

0.040.720.990.610.20.740.160.990.640.660.730.24-0.28-0.30.990.990.10.670.87-0.460.580.72-0.250.610.88
0.04-0.4-0.010.420.780.43-0.020.020.210.35-0.290.58-0.260.49-0.020.010.6-0.13-0.29-0.090.35-0.6-0.530.34-0.02
0.72-0.40.750.18-0.20.19-0.080.740.350.280.67-0.09-0.15-0.650.760.74-0.610.850.87-0.220.20.91-0.320.260.75
0.99-0.010.750.50.210.680.11.00.630.560.70.18-0.3-0.41.01.00.060.710.91-0.510.460.76-0.270.510.9
0.610.420.180.50.150.880.420.510.560.990.310.66-0.10.390.50.530.340.260.25-0.030.980.08-0.10.980.32
0.20.78-0.20.210.150.34-0.40.220.230.12-0.040.19-0.150.050.210.220.560.080.02-0.330.06-0.31-0.640.090.35
0.740.430.190.680.880.340.340.690.60.850.320.62-0.250.170.670.70.530.360.45-0.340.810.18-0.110.840.5
0.16-0.02-0.080.10.42-0.40.340.090.340.38-0.030.41-0.020.580.10.10.25-0.05-0.120.010.49-0.040.30.35-0.32
0.990.020.741.00.510.220.690.090.590.570.690.21-0.36-0.41.01.00.080.690.91-0.530.470.75-0.260.520.9
0.640.210.350.630.560.230.60.340.590.550.350.33-0.180.140.620.620.220.380.38-0.370.550.28-0.280.550.42
0.660.350.280.560.990.120.850.380.570.550.430.58-0.060.320.560.580.250.310.33-0.020.980.18-0.120.980.4
0.73-0.290.670.70.31-0.040.32-0.030.690.350.43-0.380.12-0.310.720.71-0.170.450.67-0.170.350.76-0.050.380.72
0.240.58-0.090.180.660.190.620.410.210.330.58-0.38-0.450.410.170.190.360.08-0.01-0.160.6-0.26-0.170.57-0.03
-0.28-0.26-0.15-0.3-0.1-0.15-0.25-0.02-0.36-0.18-0.060.12-0.450.1-0.29-0.3-0.16-0.07-0.240.640.01-0.160.07-0.07-0.19
-0.30.49-0.65-0.40.390.050.170.58-0.40.140.32-0.310.410.1-0.4-0.380.51-0.57-0.720.180.44-0.680.140.32-0.62
0.99-0.020.761.00.50.210.670.11.00.620.560.720.17-0.29-0.41.00.050.710.91-0.510.460.77-0.270.510.91
0.990.010.741.00.530.220.70.11.00.620.580.710.19-0.3-0.381.00.080.70.9-0.510.490.75-0.260.530.9
0.10.6-0.610.060.340.560.530.250.080.220.25-0.170.36-0.160.510.050.08-0.43-0.23-0.30.26-0.460.160.22-0.05
0.67-0.130.850.710.260.080.36-0.050.690.380.310.450.08-0.07-0.570.710.7-0.430.78-0.250.250.67-0.570.320.69
0.87-0.290.870.910.250.020.45-0.120.910.380.330.67-0.01-0.24-0.720.910.9-0.230.78-0.430.220.9-0.180.290.91
-0.46-0.09-0.22-0.51-0.03-0.33-0.340.01-0.53-0.37-0.02-0.17-0.160.640.18-0.51-0.51-0.3-0.25-0.430.05-0.320.130.01-0.43
0.580.350.20.460.980.060.810.490.470.550.980.350.60.010.440.460.490.260.250.220.050.1-0.090.970.26
0.72-0.60.910.760.08-0.310.18-0.040.750.280.180.76-0.26-0.16-0.680.770.75-0.460.670.9-0.320.10.020.160.75
-0.25-0.53-0.32-0.27-0.1-0.64-0.110.3-0.26-0.28-0.12-0.05-0.170.070.14-0.27-0.260.16-0.57-0.180.13-0.090.02-0.1-0.37
0.610.340.260.510.980.090.840.350.520.550.980.380.57-0.070.320.510.530.220.320.290.010.970.16-0.10.35
0.88-0.020.750.90.320.350.5-0.320.90.420.40.72-0.03-0.19-0.620.910.9-0.050.690.91-0.430.260.75-0.370.35
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ASX Account Relationship Matchups

ASX fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets17.4B16.6B18.2B16.8B16.9B17.7B
Short Long Term Debt Total12.8B72.4M67.6M78.6M334.3M317.6M
Other Current Liab13.2B12.4B13.9B12.7B12.4B13.1B
Total Current Liabilities13.3B12.5B14.1B12.9B12.6B13.2B
Total Stockholder Equity3.7B3.7B3.8B3.6B3.7B2.5B
Net Debt12.3B(5.3B)(4.9B)(930M)(908.8M)(863.4M)
Retained Earnings603.8M629.9M697.8M557.8M619.1M396.7M
Cash468.6M5.4B5.0B1.0B1.2B1.7B
Cash And Short Term Investments13.9B13.4B14.5B13.5B13.4B14.1B
Net Receivables761.6M362.6M857.1M619.4M659.3M333.6M
Common Stock Shares Outstanding193.6M193.6M193.6M193.6M193.7M172.1M
Liabilities And Stockholders Equity17.4B16.6B18.2B16.8B16.9B17.7B
Non Current Liabilities Total348.1M353.5M362.2M326.4M592.7M622.3M
Other Current Assets23.3M21M17.8M24.3M28.4M27.0M
Other Stockholder Equity89.4M79.2M80.4M55.6M63.9M60.7M
Total Liab13.7B12.9B14.4B13.2B13.2B13.8B
Total Current Assets14.6B13.8B15.3B14.2B14.1B14.8B
Accumulated Other Comprehensive Income89.4M79.2M80.4M55.6M59M95.5M
Short Term Debt9.5M9.8M10.6M31.1M11.3M10.7M
Property Plant And Equipment Net137M122.5M110M90.5M101.4M67.4M
Current Deferred Revenue89.1M108.7M119M112.5M102M107.1M
Accounts Payable5.6M6.5M9.2M12.1M10.4M9.9M
Non Current Assets Total2.8B2.8B2.9B2.7B2.8B2.0B
Property Plant And Equipment Gross137M271.3M283.8M286.4M316.4M332.2M
Non Currrent Assets Other(2.3B)6.8M5.6M2.7M8.5M8.9M
Short Term Investments13.4B8.0B9.5B12.5B12.2B12.8B
Other Liab276.5M290.9M305.2M278.9M251.0M238.5M
Other Assets17.4B54.9M60.7M67.1M16.9B17.7B
Property Plant Equipment137M122.5M110M90.5M104.1M65.0M
Intangible Assets2.5B248.9M319.7M151.3M248.8M209.0M
Net Tangible Assets1.2B1.2B1.2B1.2B1.1B1.1B
Long Term Investments85.6M87.6M97.6M51.8M37.5M35.6M
Long Term Debt Total71.6M62.6M57M47.5M54.6M37.5M
Net Invested Capital3.7B3.7B3.8B3.7B4.0B3.1B
Net Working Capital1.3B1.3B1.3B1.3B1.5B1.5B

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