Allianz Total Current Liabilities vs Other Current Assets Analysis

ATT Stock   398.00  4.00  1.02%   
Allianz Technology financial indicator trend analysis is way more than just evaluating Allianz Technology Trust prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allianz Technology Trust is a good investment. Please check the relationship between Allianz Technology Total Current Liabilities and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allianz Technology Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Total Current Liabilities vs Other Current Assets

Total Current Liabilities vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allianz Technology Trust Total Current Liabilities account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Allianz Technology's Total Current Liabilities and Other Current Assets is -0.22. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Allianz Technology Trust, assuming nothing else is changed. The correlation between historical values of Allianz Technology's Total Current Liabilities and Other Current 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 Total Current Liabilities of Allianz Technology Trust are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Liabilities i.e., Allianz Technology's Total Current Liabilities and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Current Liabilities

Total Current Liabilities is an item on Allianz Technology balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Allianz Technology Trust are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Allianz Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allianz Technology Trust 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 Allianz Technology Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Selling General Administrative is expected to grow to about 1.4 M, whereas Tax Provision is forecasted to decline to about 569.9 K.

Allianz Technology fundamental ratios Correlations

1.0-0.260.85-0.560.150.85-0.060.970.730.430.25-0.831.0-0.990.75-0.040.790.30.970.760.96-0.140.270.940.96
1.0-0.270.85-0.560.130.85-0.070.970.730.420.23-0.831.0-0.990.75-0.050.790.280.970.760.96-0.130.270.940.96
-0.26-0.27-0.210.110.23-0.27-0.19-0.33-0.68-0.04-0.050.23-0.280.3-0.22-0.23-0.26-0.14-0.21-0.28-0.22-0.080.17-0.25-0.24
0.850.85-0.21-0.360.110.81-0.030.880.750.450.24-1.00.84-0.880.95-0.140.80.240.880.920.74-0.23-0.070.840.83
-0.56-0.560.11-0.360.13-0.240.01-0.42-0.160.030.080.31-0.560.51-0.10.18-0.150.05-0.53-0.08-0.560.1-0.19-0.26-0.34
0.150.130.230.110.130.120.350.2-0.060.540.94-0.110.13-0.170.130.60.160.930.140.330.06-0.18-0.180.20.18
0.850.85-0.270.81-0.240.12-0.080.860.80.450.21-0.820.85-0.880.85-0.060.990.250.880.830.8-0.20.190.910.94
-0.06-0.07-0.19-0.030.010.35-0.08-0.010.0-0.440.390.03-0.070.05-0.030.84-0.060.42-0.080.17-0.16-0.2-0.53-0.09-0.09
0.970.97-0.330.88-0.420.20.86-0.010.780.480.32-0.880.97-0.990.820.020.820.380.950.840.89-0.110.120.960.95
0.730.73-0.680.75-0.16-0.060.80.00.780.420.21-0.780.74-0.770.790.060.780.230.710.80.69-0.090.060.780.78
0.430.42-0.040.450.030.540.45-0.440.480.420.62-0.460.43-0.470.48-0.10.480.580.430.50.39-0.040.150.50.48
0.250.23-0.050.240.080.940.210.390.320.210.62-0.240.24-0.280.250.660.250.980.220.470.15-0.17-0.220.290.27
-0.83-0.830.23-1.00.31-0.11-0.820.03-0.88-0.78-0.46-0.24-0.830.88-0.970.13-0.81-0.25-0.87-0.93-0.720.220.08-0.84-0.83
1.01.0-0.280.84-0.560.130.85-0.070.970.740.430.24-0.83-0.990.75-0.040.790.290.970.760.96-0.130.270.940.96
-0.99-0.990.3-0.880.51-0.17-0.880.05-0.99-0.77-0.47-0.280.88-0.99-0.810.04-0.84-0.33-0.97-0.82-0.930.14-0.17-0.95-0.97
0.750.75-0.220.95-0.10.130.85-0.030.820.790.480.25-0.970.75-0.81-0.10.870.250.790.960.64-0.21-0.120.830.81
-0.04-0.05-0.23-0.140.180.6-0.060.840.020.06-0.10.660.13-0.040.04-0.1-0.050.68-0.10.17-0.110.03-0.310.0-0.02
0.790.79-0.260.8-0.150.160.99-0.060.820.780.480.25-0.810.79-0.840.87-0.050.290.830.850.73-0.210.10.880.9
0.30.28-0.140.240.050.930.250.420.380.230.580.98-0.250.29-0.330.250.680.290.270.480.18-0.14-0.250.340.31
0.970.97-0.210.88-0.530.140.88-0.080.950.710.430.22-0.870.97-0.970.79-0.10.830.270.780.93-0.220.260.920.93
0.760.76-0.280.92-0.080.330.830.170.840.80.50.47-0.930.76-0.820.960.170.850.480.780.63-0.2-0.170.850.82
0.960.96-0.220.74-0.560.060.8-0.160.890.690.390.15-0.720.96-0.930.64-0.110.730.180.930.63-0.220.50.910.93
-0.14-0.13-0.08-0.230.1-0.18-0.2-0.2-0.11-0.09-0.04-0.170.22-0.130.14-0.210.03-0.21-0.14-0.22-0.2-0.22-0.09-0.13-0.14
0.270.270.17-0.07-0.19-0.180.19-0.530.120.060.15-0.220.080.27-0.17-0.12-0.310.1-0.250.26-0.170.5-0.090.270.29
0.940.94-0.250.84-0.260.20.91-0.090.960.780.50.29-0.840.94-0.950.830.00.880.340.920.850.91-0.130.270.99
0.960.96-0.240.83-0.340.180.94-0.090.950.780.480.27-0.830.96-0.970.81-0.020.90.310.930.820.93-0.140.290.99
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Allianz Technology Account Relationship Matchups

Allianz Technology fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets584.8M1.3B1.5B941.5M1.3B1.4B
Total Stockholder Equity583.4M1.2B1.5B938.9M1.3B1.4B
Cash15.4M30.1M46.0M41.7M34.3M36.0M
Total Liab1.4M29.2M2.8M2.5M3.0M4.8M
Other Current Liab1.4M27.2M2.8M2.5M3.0M1.6M
Total Current Liabilities1.4M29.2M2.8M2.5M3.0M5.5M
Net Debt(15.4M)(30.1M)(46.0M)(41.7M)(34.3M)(32.6M)
Non Current Assets Total567.9M1.2B1.4B898.9M1.3B1.4B
Cash And Short Term Investments15.4M30.1M46.0M41.7M34.3M18.0M
Net Receivables1.5M7.8M1.0M787K621K590.0K
Liabilities And Stockholders Equity584.8M1.3B1.5B941.5M1.3B1.4B
Non Current Liabilities Total1.4M29.2M2.8M2.5M3.0M5.7M
Total Current Assets16.9M42.8M47.1M42.5M35.0M21.2M
Retained Earnings413.5M904.3M1.1B593.0M972.8M1.0B
Other Current Assets31.2K4.9M81K51K69K72.5K
Net Tangible Assets583.4M1.2B1.5B938.9M1.1B737.0M
Long Term Investments567.9M1.2B1.4B898.9M1.3B793.6M

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Other Information on Investing in Allianz Stock

Balance Sheet is a snapshot of the financial position of Allianz Technology Trust at a specified time, usually calculated after every quarter, six months, or one year. Allianz Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Allianz Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Allianz currently owns. An asset can also be divided into two categories, current and non-current.