American Net Invested Capital vs Total 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 Total 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 Total Assets

Net Invested Capital vs Total 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 Total 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 Total Assets is 0.95. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total 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 Total 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 Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Invested Capital i.e., American Battery's Net Invested Capital and Total 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.

Total Assets

Total assets refers to the total amount of American Battery assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in American Battery Tec books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for American Stock Analysis

When running American Battery's price analysis, check to measure American Battery's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy American Battery is operating at the current time. Most of American Battery's value examination focuses on studying past and present price action to predict the probability of American Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Battery's price. Additionally, you may evaluate how the addition of American Battery to your portfolios can decrease your overall portfolio volatility.