Atlantica Retained Earnings vs Short Long Term Debt Analysis

AY Stock  USD 22.14  0.01  0.05%   
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 Retained Earnings and its Short Long Term Debt 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.

Retained Earnings vs Short Long Term Debt

Retained Earnings vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atlantica Sustainable Retained Earnings account and Short Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Atlantica Sustainable's Retained Earnings and Short Long Term Debt is 0.79. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Long Term Debt 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 Retained Earnings and Short Long 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 Retained Earnings of Atlantica Sustainable Infrastructure are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Retained Earnings i.e., Atlantica Sustainable's Retained Earnings and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Short Long Term Debt

The total of a company's short-term and long-term borrowings.
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 Expense361.3M333.3M375.9M350.3M
Depreciation And Amortization421.2M436.4M418.3M317.0M

Atlantica Sustainable fundamental ratios Correlations

0.990.050.630.930.99-0.250.931.00.260.95-0.040.980.541.00.940.631.00.96-0.260.11-0.480.950.730.69-0.88
0.99-0.030.60.891.0-0.270.940.990.330.95-0.020.980.450.990.960.60.990.93-0.330.08-0.540.970.790.64-0.86
0.05-0.030.070.31-0.02-0.64-0.070.06-0.1-0.04-0.130.00.170.01-0.070.030.030.110.10.510.75-0.07-0.340.4-0.31
0.630.60.070.630.62-0.040.40.65-0.030.48-0.180.50.320.630.421.00.650.610.030.0-0.380.40.280.4-0.5
0.930.890.310.630.9-0.330.80.940.110.85-0.180.90.650.920.80.620.930.91-0.110.29-0.250.830.540.71-0.86
0.991.0-0.020.620.9-0.260.930.990.30.94-0.040.970.450.990.940.630.990.94-0.30.1-0.540.960.790.63-0.85
-0.25-0.27-0.64-0.04-0.33-0.26-0.29-0.25-0.47-0.240.02-0.230.29-0.22-0.31-0.03-0.21-0.170.47-0.37-0.22-0.28-0.27-0.150.33
0.930.94-0.070.40.80.93-0.290.910.480.980.140.960.430.940.990.410.910.83-0.48-0.07-0.520.960.730.63-0.82
1.00.990.060.650.940.99-0.250.910.230.94-0.060.980.560.990.920.651.00.96-0.230.13-0.470.940.710.69-0.88
0.260.33-0.1-0.030.110.3-0.470.480.230.430.190.33-0.280.290.470.00.220.04-1.0-0.41-0.240.380.340.06-0.15
0.950.95-0.040.480.850.94-0.240.980.940.430.00.980.520.970.970.480.940.86-0.43-0.03-0.480.950.690.64-0.82
-0.04-0.02-0.13-0.18-0.18-0.040.020.14-0.060.190.00.01-0.07-0.030.18-0.17-0.05-0.01-0.19-0.45-0.160.02-0.020.16-0.15
0.980.980.00.50.90.97-0.230.960.980.330.980.010.560.990.970.50.980.93-0.330.06-0.470.980.730.69-0.88
0.540.450.170.320.650.450.290.430.56-0.280.52-0.070.560.560.40.290.570.620.280.070.020.420.00.64-0.55
1.00.990.010.630.920.99-0.220.940.990.290.97-0.030.990.560.940.631.00.95-0.290.06-0.490.950.710.69-0.88
0.940.96-0.070.420.80.94-0.310.990.920.470.970.180.970.40.940.430.920.85-0.47-0.05-0.530.970.770.64-0.84
0.630.60.031.00.620.63-0.030.410.650.00.48-0.170.50.290.630.430.650.60.0-0.04-0.420.410.30.38-0.48
1.00.990.030.650.930.99-0.210.911.00.220.94-0.050.980.571.00.920.650.97-0.220.12-0.480.940.70.69-0.88
0.960.930.110.610.910.94-0.170.830.960.040.86-0.010.930.620.950.850.60.97-0.040.26-0.360.90.640.74-0.91
-0.26-0.330.10.03-0.11-0.30.47-0.48-0.23-1.0-0.43-0.19-0.330.28-0.29-0.470.0-0.22-0.040.410.24-0.38-0.34-0.060.15
0.110.080.510.00.290.1-0.37-0.070.13-0.41-0.03-0.450.060.070.06-0.05-0.040.120.260.410.410.110.090.06-0.21
-0.48-0.540.75-0.38-0.25-0.54-0.22-0.52-0.47-0.24-0.48-0.16-0.470.02-0.49-0.53-0.42-0.48-0.360.240.41-0.52-0.740.080.16
0.950.97-0.070.40.830.96-0.280.960.940.380.950.020.980.420.950.970.410.940.9-0.380.11-0.520.830.6-0.83
0.730.79-0.340.280.540.79-0.270.730.710.340.69-0.020.730.00.710.770.30.70.64-0.340.09-0.740.830.21-0.52
0.690.640.40.40.710.63-0.150.630.690.060.640.160.690.640.690.640.380.690.74-0.060.060.080.60.21-0.9
-0.88-0.86-0.31-0.5-0.86-0.850.33-0.82-0.88-0.15-0.82-0.15-0.88-0.55-0.88-0.84-0.48-0.88-0.910.15-0.210.16-0.83-0.52-0.9
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Atlantica Sustainable Account Relationship Matchups

Atlantica Sustainable fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.7B9.9B9.8B9.1B8.7B9.1B
Short Long Term Debt Total5.6B6.2B6.1B5.6B5.5B5.3B
Other Current Liab33.6M40.7M34.3M44.6M47.5M42.3M
Total Current Liabilities973.4M483.3M824.4M519.0M607.8M782.9M
Total Stockholder Equity1.5B1.5B1.5B1.6B1.4B1.6B
Net Debt5.0B5.4B5.4B5.0B5.0B4.7B
Accounts Payable128.1M51.4M79.1M84.5M77.3M90.2M
Cash562.8M868.5M622.7M601.0M448.3M538.4M
Non Current Assets Total8.5B8.5B8.6B8.1B7.7B8.1B
Non Currrent Assets Other8.5B8.5T8.6T585.9B7.2B6.8B
Cash And Short Term Investments781.4M1.1B830.1M796.9M460.2M704.6M
Net Receivables317.6M319.7M227.3M125.4M273.8M262.6M
Liabilities And Stockholders Equity9.7B9.9B9.8B9.1B8.7B9.1B
Non Current Liabilities Total7.0B7.7B7.2B6.8B5.7B6.4B
Other Stockholder Equity1.7B1.0B872.0M986.6M736.6M1.1B
Total Liab7.9B8.2B8.0B7.3B6.3B7.2B
Total Current Assets1.1B1.4B1.2B1.0B982.2M1.0B
Accumulated Other Comprehensive Income1.9B878.5M1.1B999.2M1.0B1.4B
Short Term Debt811.1M336.0M676.4M343.2M421.4M579.0M
Intangible Assets8.2B8.2B8.0B7.5B7.2B7.6B
Other Liab1.9B1.4B1.5B1.5B1.7B1.7B
Property Plant And Equipment Net(8.5B)(8.5T)(8.6T)(585.9B)(7.2B)(7.6B)
Current Deferred Revenue565K416K542K11.2M16.9M17.8M
Other Assets1K153.4M183.1M239.5M215.5M204.7M
Long Term Debt4.8B5.9B5.4B5.2B5.0B5.0B
Common Stock Shares Outstanding101.1M103.4M111.0M114.7M116.2M108.1M
Short Term Investments218.6M200.1M207.4M195.9M188.9M169.0M
Inventory20.3M24.0M29.7M34.5M29.9M24.0M
Other Current Assets536.1M12.1M287.2M270.8M41.4M39.3M
Net Tangible Assets(5.6B)(5.5B)(4.9B)(4.3B)(4.9B)(5.2B)
Long Term Investments139.9M116.6M391.2M260.0M230.3M186.4M
Short Long Term Debt811.1M336.0M676.4M343.2M421.4M733.7M
Retained Earnings(385.5M)(373.5M)(398.7M)(397.5M)(351.5M)(369.1M)
Common Stock10.2M10.7M11.2M11.6M11.6M11.4M
Property Plant Equipment205.6M270.9M773.9M844.4M760.0M722.0M
Non Current Liabilities Other1.6B1.2B1.3B45.4M44.5M42.3M

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