Abaxx Historical Balance Sheet
| ABXX Stock | 11.19 0.33 3.04% |
Trend analysis of Abaxx Technologies balance sheet accounts such as Net Tangible Assets of 37 M, Accounts Payable of 1.9 M or Net Receivables of 1 M provides information on Abaxx Technologies' total assets, liabilities, and equity, which is the actual value of Abaxx Technologies to its prevalent stockholders. By breaking down trends over time using Abaxx Technologies balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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About Abaxx Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Abaxx Technologies at a specified time, usually calculated after every quarter, six months, or one year. Abaxx Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Abaxx Technologies 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 Abaxx currently owns. An asset can also be divided into two categories, current and non-current.
Abaxx Technologies Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Abaxx Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Abaxx Technologies 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.Accounts Payable
An accounting item on the balance sheet that represents Abaxx Technologies obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Abaxx Technologies are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most accounts from Abaxx Technologies' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Abaxx Technologies current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Abaxx Technologies. 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. At present, Abaxx Technologies' Accounts Payable is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 5.5 M, whereas Retained Earnings are projected to grow to (48.7 M).
| 2020 | 2021 | 2024 | 2025 (projected) | Net Receivables | 1.6M | 1.7M | 2.0M | 1.0M | Accounts Payable | 3.1M | 1.3M | 1.5M | 1.9M |
Abaxx Technologies balance sheet Correlations
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Abaxx Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Abaxx Technologies balance sheet Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Current Liabilities | 7.2M | 3.2M | 1.4M | 3.2M | 2.9M | 2.4M | |
| Retained Earnings | (12.2M) | (23.7M) | (35.6M) | (57.0M) | (51.3M) | (48.7M) | |
| Total Current Assets | 1.9M | 14.9M | 23.8M | 11.9M | 13.6M | 12.0M | |
| Common Stock Shares Outstanding | 64.2M | 71.2M | 24.4M | 24.5M | 22.1M | 39.7M |
Pair Trading with Abaxx Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Abaxx Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Abaxx Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Abaxx Stock
Moving against Abaxx Stock
The ability to find closely correlated positions to Abaxx Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abaxx Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Abaxx Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Abaxx Technologies to buy it.
The correlation of Abaxx Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Abaxx Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abaxx Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Abaxx Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Abaxx Stock
Balance Sheet is a snapshot of the financial position of Abaxx Technologies at a specified time, usually calculated after every quarter, six months, or one year. Abaxx Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Abaxx Technologies 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 Abaxx currently owns. An asset can also be divided into two categories, current and non-current.