American Net Invested Capital vs Net Tangible Assets Analysis

ABAT Stock   0.91  0.01  1.09%   
American Battery financial indicator trend analysis is way more than just evaluating American Battery Tec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Battery Tec is a good investment. Please check the relationship between American Battery Net Invested Capital and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Battery Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Invested Capital vs Net Tangible Assets

Net Invested Capital vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Battery Tec Net Invested Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between American Battery's Net Invested Capital and Net Tangible Assets is 0.95. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of American Battery Technology, assuming nothing else is changed. The correlation between historical values of American Battery's Net Invested Capital and Net Tangible 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 Net Invested Capital of American Battery Technology are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Invested Capital i.e., American Battery's Net Invested Capital and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from American Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Battery Tec 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 American Battery Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Selling General Administrative is likely to drop to about 10.9 M in 2024. Issuance Of Capital Stock is likely to drop to about 34.2 M in 2024
 2021 2022 2023 2024 (projected)
Research Development963.4K7.7M14.3M15.0M
Income Tax Expense71.8K205.6K180.4K171.3K

American Battery fundamental ratios Correlations

0.890.890.99-0.22-0.950.850.480.480.660.980.890.770.890.140.630.2-0.770.97-0.690.950.77-0.110.331.00.93
0.890.960.850.23-0.850.90.050.050.690.870.960.441.0-0.240.650.25-0.650.96-0.770.810.57-0.25-0.040.880.74
0.890.960.840.13-0.90.920.130.130.740.91.00.510.96-0.080.790.21-0.810.93-0.770.840.68-0.080.130.880.75
0.990.850.84-0.29-0.940.810.540.540.620.970.840.80.850.180.580.19-0.740.95-0.660.950.76-0.110.361.00.95
-0.220.230.13-0.290.270.05-0.96-0.96-0.03-0.270.13-0.750.23-0.870.040.140.310.0-0.09-0.29-0.44-0.35-0.87-0.26-0.43
-0.95-0.85-0.9-0.940.27-0.89-0.52-0.52-0.76-0.99-0.9-0.8-0.84-0.29-0.7-0.10.89-0.90.69-0.93-0.85-0.09-0.45-0.96-0.94
0.850.90.920.810.05-0.890.190.190.930.890.920.60.9-0.030.540.27-0.760.85-0.880.750.64-0.020.180.860.81
0.480.050.130.54-0.96-0.520.191.00.20.520.140.890.050.830.17-0.1-0.50.27-0.080.540.620.290.880.510.65
0.480.050.130.54-0.96-0.520.191.00.20.520.140.890.050.830.17-0.1-0.50.27-0.080.540.620.290.870.510.65
0.660.690.740.62-0.03-0.760.930.20.20.750.750.580.690.120.390.34-0.720.61-0.850.570.610.220.320.670.7
0.980.870.90.97-0.27-0.990.890.520.520.750.90.810.860.240.660.14-0.860.93-0.720.940.820.020.430.980.95
0.890.961.00.840.13-0.90.920.140.140.750.90.520.95-0.070.790.22-0.810.92-0.770.840.68-0.080.130.880.75
0.770.440.510.8-0.75-0.80.60.890.890.580.810.520.440.610.340.14-0.710.6-0.520.750.740.160.790.80.87
0.891.00.960.850.23-0.840.90.050.050.690.860.950.44-0.260.630.24-0.640.96-0.770.80.56-0.26-0.060.880.74
0.14-0.24-0.080.18-0.87-0.29-0.030.830.830.120.24-0.070.61-0.260.16-0.29-0.46-0.060.170.270.60.740.910.160.4
0.630.650.790.580.04-0.70.540.170.170.390.660.790.340.630.160.05-0.80.67-0.310.760.730.190.270.610.5
0.20.250.210.190.14-0.10.27-0.1-0.10.340.140.220.140.24-0.290.05-0.020.2-0.510.140.06-0.170.040.210.07
-0.77-0.65-0.81-0.740.310.89-0.76-0.5-0.5-0.72-0.86-0.81-0.71-0.64-0.46-0.8-0.02-0.710.55-0.81-0.87-0.35-0.56-0.78-0.81
0.970.960.930.950.0-0.90.850.270.270.610.930.920.60.96-0.060.670.2-0.71-0.680.920.69-0.190.120.960.85
-0.69-0.77-0.77-0.66-0.090.69-0.88-0.08-0.08-0.85-0.72-0.77-0.52-0.770.17-0.31-0.510.55-0.68-0.5-0.370.18-0.14-0.7-0.6
0.950.810.840.95-0.29-0.930.750.540.540.570.940.840.750.80.270.760.14-0.810.92-0.50.880.060.430.950.9
0.770.570.680.76-0.44-0.850.640.620.620.610.820.680.740.560.60.730.06-0.870.69-0.370.880.520.680.770.84
-0.11-0.25-0.08-0.11-0.35-0.09-0.020.290.290.220.02-0.080.16-0.260.740.19-0.17-0.35-0.190.180.060.520.61-0.10.13
0.33-0.040.130.36-0.87-0.450.180.880.870.320.430.130.79-0.060.910.270.04-0.560.12-0.140.430.680.610.370.51
1.00.880.881.0-0.26-0.960.860.510.510.670.980.880.80.880.160.610.21-0.780.96-0.70.950.77-0.10.370.94
0.930.740.750.95-0.43-0.940.810.650.650.70.950.750.870.740.40.50.07-0.810.85-0.60.90.840.130.510.94
Click cells to compare fundamentals

American Battery Account Relationship Matchups

American Battery fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2M21.3M52.9M74.7M77.7M81.6M
Short Long Term Debt Total398.9K442.4K175.8K6.2M6.5M6.8M
Total Current Liabilities5.8M1.8M3.1M13.4M15.8M16.6M
Total Stockholder Equity(4.9M)19.4M49.6M61.2M61.5M64.5M
Net Debt(387.5K)(12.8M)(28.8M)3.9M(500.1K)(525.1K)
Retained Earnings(63.2M)(105.1M)(138.6M)(160.0M)(213.3M)(202.7M)
Accounts Payable514.8K1.6M344.1K1.8M4.3M4.5M
Cash829.9K12.8M29.0M2.3M7.0M4.8M
Cash And Short Term Investments829.9K12.8M29.0M2.3M7.0M4.8M
Common Stock Shares Outstanding17.0M33.2M2.8M2.9M52.0M54.6M
Liabilities And Stockholders Equity1.2M21.3M52.9M74.7M77.7M81.6M
Other Stockholder Equity55.5M121.9M188.2M221.7M274.7M288.5M
Total Liab6.1M1.8M3.2M13.4M16.2M17.0M
Total Current Assets1.1M14.1M29.9M4.8M18.4M19.3M
Short Term Debt398.3K135.7K99.8K6.1M6.5M6.8M
Common Stock365.2K573.3K644.1K45.9K64.1K60.9K
Other Current Liab5.7M205.6K2.6M5.8M5.0M2.9M
Non Current Liabilities Total306.6K0.0175.8K54.3K409.2K429.7K
Property Plant And Equipment Net58.8K5.5M19.1M38.3M54.8M57.5M
Non Current Assets Total94.1K7.1M23.0M69.9M59.3M62.2M

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