Atlantica Cash Ratio vs Free Cash Flow Analysis

AY Stock

USD 21.94 0.22 0.99%

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

Cash Ratio vs Free Cash Flow

Cash Ratio vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atlantica Sustainable Cash Ratio account and Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Atlantica Sustainable's Cash Ratio and Free Cash Flow is 0.47. Overlapping area represents the amount of variation of Cash Ratio that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Atlantica Sustainable Infrastructure, assuming nothing else is changed. The correlation between historical values of Atlantica Sustainable's Cash Ratio and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Ratio of Atlantica Sustainable Infrastructure are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Cash Ratio i.e., Atlantica Sustainable's Cash Ratio and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Cash Ratio

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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

At this time, Atlantica Sustainable's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.18 in 2024, whereas Tax Provision is likely to drop slightly above 750.5 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	361.3M	333.3M	375.9M	350.3M
Depreciation And Amortization	421.2M	436.4M	418.3M	317.0M

Interest Expense Depreciation And Amortization

Atlantica Sustainable fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Other Assets	Long Term Debt	Common Stock Shares Outstanding	Short Term Investments	Inventory
Total Assets		0.99	0.05	0.63	0.93	0.99	-0.25	0.93	1.0	0.26	0.95	-0.04	0.99	0.54	1.0	0.94	0.63	1.0	0.96	-0.26	0.11	-0.48	0.95	0.73	0.69	-0.88
Short Long Term Debt Total	0.99		-0.03	0.6	0.89	1.0	-0.27	0.94	0.99	0.33	0.95	-0.02	0.99	0.45	1.0	0.96	0.6	0.99	0.93	-0.33	0.08	-0.54	0.97	0.79	0.64	-0.86
Other Current Liab	0.05	-0.03		0.07	0.31	-0.02	-0.64	-0.07	0.06	-0.1	-0.04	-0.13	0.0	0.17	0.01	-0.07	0.03	0.03	0.11	0.1	0.51	0.75	-0.07	-0.34	0.4	-0.31
Total Current Liabilities	0.63	0.6	0.07		0.63	0.62	-0.04	0.4	0.65	-0.03	0.48	-0.18	0.49	0.32	0.62	0.42	1.0	0.65	0.61	0.03	0.0	-0.38	0.4	0.28	0.4	-0.5
Total Stockholder Equity	0.93	0.89	0.31	0.63		0.9	-0.33	0.8	0.94	0.11	0.85	-0.18	0.89	0.65	0.92	0.8	0.62	0.93	0.91	-0.11	0.29	-0.25	0.83	0.54	0.71	-0.86
Net Debt	0.99	1.0	-0.02	0.62	0.9		-0.26	0.93	0.99	0.3	0.94	-0.04	0.98	0.45	0.99	0.94	0.63	0.99	0.94	-0.3	0.1	-0.54	0.96	0.79	0.63	-0.85
Accounts Payable	-0.25	-0.27	-0.64	-0.04	-0.33	-0.26		-0.29	-0.25	-0.47	-0.24	0.02	-0.25	0.29	-0.24	-0.31	-0.03	-0.21	-0.17	0.47	-0.37	-0.22	-0.28	-0.27	-0.15	0.33
Cash	0.93	0.94	-0.07	0.4	0.8	0.93	-0.29		0.91	0.48	0.98	0.14	0.96	0.43	0.93	0.99	0.41	0.91	0.83	-0.48	-0.07	-0.52	0.96	0.73	0.63	-0.82
Non Current Assets Total	1.0	0.99	0.06	0.65	0.94	0.99	-0.25	0.91		0.23	0.94	-0.06	0.98	0.56	1.0	0.92	0.65	1.0	0.96	-0.23	0.13	-0.47	0.94	0.71	0.69	-0.88
Non Currrent Assets Other	0.26	0.33	-0.1	-0.03	0.11	0.3	-0.47	0.48	0.23		0.43	0.19	0.31	-0.28	0.28	0.47	0.0	0.22	0.04	-1.0	-0.41	-0.24	0.38	0.34	0.06	-0.15
Cash And Short Term Investments	0.95	0.95	-0.04	0.48	0.85	0.94	-0.24	0.98	0.94	0.43		0.0	0.96	0.52	0.95	0.97	0.48	0.94	0.86	-0.43	-0.03	-0.48	0.95	0.69	0.64	-0.82
Net Receivables	-0.04	-0.02	-0.13	-0.18	-0.18	-0.04	0.02	0.14	-0.06	0.19	0.0		0.02	-0.07	-0.01	0.18	-0.17	-0.05	-0.01	-0.19	-0.45	-0.16	0.02	-0.02	0.16	-0.15
Non Current Liabilities Total	0.99	0.99	0.0	0.49	0.89	0.98	-0.25	0.96	0.98	0.31	0.96	0.02		0.52	0.99	0.97	0.49	0.98	0.94	-0.31	0.1	-0.49	0.99	0.77	0.68	-0.88
Other Stockholder Equity	0.54	0.45	0.17	0.32	0.65	0.45	0.29	0.43	0.56	-0.28	0.52	-0.07	0.52		0.53	0.4	0.29	0.57	0.62	0.28	0.07	0.02	0.42	0.0	0.64	-0.55
Total Liab	1.0	1.0	0.01	0.62	0.92	0.99	-0.24	0.93	1.0	0.28	0.95	-0.01	0.99	0.53		0.95	0.62	1.0	0.96	-0.28	0.09	-0.51	0.96	0.74	0.68	-0.88
Total Current Assets	0.94	0.96	-0.07	0.42	0.8	0.94	-0.31	0.99	0.92	0.47	0.97	0.18	0.97	0.4	0.95		0.43	0.92	0.85	-0.47	-0.05	-0.53	0.97	0.77	0.64	-0.84
Short Term Debt	0.63	0.6	0.03	1.0	0.62	0.63	-0.03	0.41	0.65	0.0	0.48	-0.17	0.49	0.29	0.62	0.43		0.65	0.6	0.0	-0.04	-0.42	0.41	0.3	0.38	-0.48
Intangible Assets	1.0	0.99	0.03	0.65	0.93	0.99	-0.21	0.91	1.0	0.22	0.94	-0.05	0.98	0.57	1.0	0.92	0.65		0.97	-0.22	0.12	-0.48	0.94	0.7	0.69	-0.88
Other Liab	0.96	0.93	0.11	0.61	0.91	0.94	-0.17	0.83	0.96	0.04	0.86	-0.01	0.94	0.62	0.96	0.85	0.6	0.97		-0.04	0.26	-0.36	0.9	0.64	0.74	-0.91
Property Plant And Equipment Net	-0.26	-0.33	0.1	0.03	-0.11	-0.3	0.47	-0.48	-0.23	-1.0	-0.43	-0.19	-0.31	0.28	-0.28	-0.47	0.0	-0.22	-0.04		0.41	0.24	-0.38	-0.34	-0.06	0.15
Current Deferred Revenue	0.11	0.08	0.51	0.0	0.29	0.1	-0.37	-0.07	0.13	-0.41	-0.03	-0.45	0.1	0.07	0.09	-0.05	-0.04	0.12	0.26	0.41		0.41	0.11	0.09	0.06	-0.21
Other Assets	-0.48	-0.54	0.75	-0.38	-0.25	-0.54	-0.22	-0.52	-0.47	-0.24	-0.48	-0.16	-0.49	0.02	-0.51	-0.53	-0.42	-0.48	-0.36	0.24	0.41		-0.52	-0.74	0.08	0.16
Long Term Debt	0.95	0.97	-0.07	0.4	0.83	0.96	-0.28	0.96	0.94	0.38	0.95	0.02	0.99	0.42	0.96	0.97	0.41	0.94	0.9	-0.38	0.11	-0.52		0.83	0.6	-0.83
Common Stock Shares Outstanding	0.73	0.79	-0.34	0.28	0.54	0.79	-0.27	0.73	0.71	0.34	0.69	-0.02	0.77	0.0	0.74	0.77	0.3	0.7	0.64	-0.34	0.09	-0.74	0.83		0.21	-0.52
Short Term Investments	0.69	0.64	0.4	0.4	0.71	0.63	-0.15	0.63	0.69	0.06	0.64	0.16	0.68	0.64	0.68	0.64	0.38	0.69	0.74	-0.06	0.06	0.08	0.6	0.21		-0.9
Inventory	-0.88	-0.86	-0.31	-0.5	-0.86	-0.85	0.33	-0.82	-0.88	-0.15	-0.82	-0.15	-0.88	-0.55	-0.88	-0.84	-0.48	-0.88	-0.91	0.15	-0.21	0.16	-0.83	-0.52	-0.9

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Atlantica Sustainable Account Relationship Matchups

Atlantica Sustainable fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.7B	9.9B	9.8B	9.1B	8.7B	9.1B
Short Long Term Debt Total	5.6B	6.2B	6.1B	5.6B	5.5B	5.3B
Other Current Liab	33.6M	40.7M	34.3M	44.6M	47.5M	42.3M
Total Current Liabilities	973.4M	483.3M	824.4M	519.0M	607.8M	782.9M
Total Stockholder Equity	1.5B	1.5B	1.5B	1.6B	1.4B	1.6B
Net Debt	5.0B	5.4B	5.4B	5.0B	5.0B	4.7B
Accounts Payable	128.1M	51.4M	79.1M	84.5M	77.3M	90.2M
Cash	562.8M	868.5M	622.7M	601.0M	448.3M	538.4M
Non Current Assets Total	8.5B	8.5B	8.6B	8.1B	7.7B	8.1B
Non Currrent Assets Other	8.5B	8.5T	8.6T	585.9B	136.6M	129.8M
Cash And Short Term Investments	781.4M	1.1B	830.1M	796.9M	460.2M	704.6M
Net Receivables	317.6M	319.7M	227.3M	125.4M	273.8M	262.6M
Liabilities And Stockholders Equity	9.7B	9.9B	9.8B	9.1B	8.7B	9.1B
Non Current Liabilities Total	7.0B	7.7B	7.2B	6.8B	6.5B	6.5B
Other Stockholder Equity	1.7B	1.0B	872.0M	986.6M	736.6M	1.1B
Total Liab	7.9B	8.2B	8.0B	7.3B	7.1B	7.3B
Total Current Assets	1.1B	1.4B	1.2B	1.0B	982.2M	1.0B
Accumulated Other Comprehensive Income	1.9B	878.5M	1.1B	999.2M	1.0B	1.4B
Short Term Debt	811.1M	336.0M	676.4M	343.2M	421.4M	579.0M
Intangible Assets	8.2B	8.2B	8.0B	7.5B	7.2B	7.6B
Other Liab	1.9B	1.4B	1.5B	1.5B	1.7B	1.7B
Property Plant And Equipment Net	(8.5B)	(8.5T)	(8.6T)	(585.9B)	(7.2B)	(7.6B)
Current Deferred Revenue	565K	416K	542K	11.2M	16.9M	17.8M
Other Assets	1K	153.4M	183.1M	239.5M	215.5M	204.7M
Long Term Debt	4.8B	5.9B	5.4B	5.2B	5.0B	5.0B
Common Stock Shares Outstanding	101.1M	103.4M	111.0M	114.7M	116.2M	108.1M
Short Term Investments	218.6M	200.1M	207.4M	195.9M	188.9M	169.0M
Inventory	20.3M	24.0M	29.7M	34.5M	29.9M	24.0M
Other Current Assets	536.1M	12.1M	287.2M	270.8M	218.3M	125.4M
Net Tangible Assets	(5.6B)	(5.5B)	(4.9B)	(4.3B)	(4.9B)	(5.2B)
Long Term Investments	139.9M	116.6M	391.2M	260.0M	230.3M	186.4M
Short Long Term Debt	811.1M	336.0M	676.4M	343.2M	421.4M	733.7M
Retained Earnings	(385.5M)	(373.5M)	(398.7M)	(397.5M)	(351.5M)	(369.1M)
Common Stock	10.2M	10.7M	11.2M	11.6M	11.6M	11.4M
Property Plant Equipment	205.6M	270.9M	773.9M	844.4M	760.0M	722.0M
Non Current Liabilities Other	1.6B	1.2B	1.3B	45.4M	44.5M	42.3M

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Atlantica Cash Ratio vs Free Cash Flow Analysis

Cash Ratio vs Free Cash Flow

Cash Ratio vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Cash Ratio

Free Cash Flow

Atlantica Sustainable fundamental ratios Correlations

Atlantica Sustainable Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Atlantica Sustainable fundamental ratios Accounts

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Additional Tools for Atlantica Stock Analysis

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Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Short Term Debt	+ 1.0	Total Current Liabilities

Property Plant And Equipment Net	- 1.0	Non Currrent Assets Other
Inventory	- 0.91	Other Liab
Inventory	- 0.9	Short Term Investments
Inventory	- 0.88	Intangible Assets
Inventory	- 0.88	Total Liab
Inventory	- 0.88	Non Current Liabilities Total