AKITA Average Payables vs Pb Ratio Analysis

AKT-A Stock

CAD 1.60 0.03 1.84%

AKITA Drilling financial indicator trend analysis is way more than just evaluating AKITA Drilling prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AKITA Drilling is a good investment. Please check the relationship between AKITA Drilling Average Payables and its Pb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AKITA Drilling. 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.

Average Payables vs Pb Ratio

Average Payables vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AKITA Drilling Average Payables account and Pb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between AKITA Drilling's Average Payables and Pb Ratio is -0.26. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of AKITA Drilling, assuming nothing else is changed. The correlation between historical values of AKITA Drilling's Average Payables and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of AKITA Drilling are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Average Payables i.e., AKITA Drilling's Average Payables and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.26

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Pb Ratio

Most indicators from AKITA Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AKITA Drilling 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 AKITA Drilling. 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.

At this time, AKITA Drilling's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 3.61 in 2024, whereas Selling General Administrative is likely to drop slightly above 14.6 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	110.1M	201.0M	225.5M	135.4M
Depreciation And Amortization	28.8M	30.3M	28.5M	19.1M

Total Revenue Depreciation And Amortization

AKITA Drilling fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Current Deferred Revenue	Short Term Investments	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.63	0.62	0.88	0.97	0.37	0.38	-0.01	-0.26	0.97	0.31	-0.24	0.54	0.22	0.46	0.42	-0.77	0.66	0.33	0.12	0.1	0.73	-0.75	0.34	-0.01	0.32
Other Current Liab	0.63		0.88	0.54	0.48	0.05	0.34	0.4	0.08	0.48	0.14	0.07	0.89	-0.03	0.11	0.11	-0.57	0.43	0.73	-0.05	0.06	0.6	-0.45	0.05	0.12	0.22
Total Current Liabilities	0.62	0.88		0.49	0.5	0.19	0.24	0.57	-0.02	0.5	0.28	-0.04	0.82	0.07	0.2	0.13	-0.43	0.51	0.64	0.0	0.16	0.48	-0.39	0.13	0.02	0.14
Total Stockholder Equity	0.88	0.54	0.49		0.82	-0.07	0.74	-0.17	-0.1	0.84	0.58	-0.06	0.5	-0.22	0.04	0.04	-0.81	0.23	0.36	-0.28	0.28	0.69	-0.69	-0.11	0.36	0.55
Property Plant And Equipment Net	0.97	0.48	0.5	0.82		0.47	0.29	-0.16	-0.44	1.0	0.25	-0.43	0.33	0.3	0.53	0.52	-0.68	0.69	0.09	0.25	0.13	0.64	-0.68	0.43	-0.06	0.32
Net Debt	0.37	0.05	0.19	-0.07	0.47		-0.69	0.08	-0.5	0.44	-0.46	-0.51	-0.06	0.86	0.97	0.83	0.05	0.87	-0.21	0.85	-0.34	0.17	-0.25	0.96	-0.81	-0.37
Retained Earnings	0.38	0.34	0.24	0.74	0.29	-0.69		-0.23	0.12	0.33	0.75	0.16	0.34	-0.74	-0.63	-0.51	-0.57	-0.4	0.29	-0.71	0.49	0.31	-0.26	-0.73	0.83	0.68
Accounts Payable	-0.01	0.4	0.57	-0.17	-0.16	0.08	-0.23		0.37	-0.16	0.02	0.35	0.59	0.26	0.1	-0.12	-0.02	0.26	0.6	-0.03	-0.31	0.19	-0.11	0.15	-0.31	-0.5
Cash	-0.26	0.08	-0.02	-0.1	-0.44	-0.5	0.12	0.37		-0.44	0.09	0.99	0.32	-0.3	-0.35	-0.39	-0.09	-0.38	0.65	-0.59	-0.03	0.07	-0.05	-0.36	0.16	-0.11
Non Current Assets Total	0.97	0.48	0.5	0.84	1.0	0.44	0.33	-0.16	-0.44		0.29	-0.41	0.34	0.27	0.5	0.49	-0.7	0.67	0.1	0.22	0.13	0.64	-0.69	0.4	-0.03	0.33
Non Currrent Assets Other	0.31	0.14	0.28	0.58	0.25	-0.46	0.75	0.02	0.09	0.29		0.14	0.17	-0.49	-0.43	-0.48	-0.47	-0.27	0.15	-0.64	0.39	0.24	-0.29	-0.56	0.54	0.31
Cash And Short Term Investments	-0.24	0.07	-0.04	-0.06	-0.43	-0.51	0.16	0.35	0.99	-0.41	0.14		0.33	-0.32	-0.36	-0.39	-0.11	-0.4	0.66	-0.62	-0.08	0.07	-0.06	-0.38	0.19	-0.09
Net Receivables	0.54	0.89	0.82	0.5	0.33	-0.06	0.34	0.59	0.32	0.34	0.17	0.33		-0.06	0.05	-0.05	-0.55	0.32	0.92	-0.17	-0.05	0.6	-0.49	-0.02	0.07	0.08
Common Stock Shares Outstanding	0.22	-0.03	0.07	-0.22	0.3	0.86	-0.74	0.26	-0.3	0.27	-0.49	-0.32	-0.06		0.86	0.69	-0.01	0.81	-0.16	0.77	-0.43	0.18	-0.25	0.93	-0.83	-0.58
Non Current Liabilities Total	0.46	0.11	0.2	0.04	0.53	0.97	-0.63	0.1	-0.35	0.5	-0.43	-0.36	0.05	0.86		0.83	-0.1	0.9	-0.07	0.77	-0.41	0.31	-0.4	0.96	-0.81	-0.38
Other Current Assets	0.42	0.11	0.13	0.04	0.52	0.83	-0.51	-0.12	-0.39	0.49	-0.48	-0.39	-0.05	0.69	0.83		0.04	0.8	-0.17	0.72	-0.21	0.02	-0.09	0.86	-0.49	0.01
Other Stockholder Equity	-0.77	-0.57	-0.43	-0.81	-0.68	0.05	-0.57	-0.02	-0.09	-0.7	-0.47	-0.11	-0.55	-0.01	-0.1	0.04		-0.29	-0.45	0.17	-0.1	-0.87	0.89	0.01	-0.1	-0.1
Total Liab	0.66	0.43	0.51	0.23	0.69	0.87	-0.4	0.26	-0.38	0.67	-0.27	-0.4	0.32	0.81	0.9	0.8	-0.29		0.1	0.69	-0.24	0.41	-0.45	0.88	-0.6	-0.22
Total Current Assets	0.33	0.73	0.64	0.36	0.09	-0.21	0.29	0.6	0.65	0.1	0.15	0.66	0.92	-0.16	-0.07	-0.17	-0.45	0.1		-0.37	-0.11	0.52	-0.41	-0.14	0.1	0.03
Short Long Term Debt Total	0.12	-0.05	0.0	-0.28	0.25	0.85	-0.71	-0.03	-0.59	0.22	-0.64	-0.62	-0.17	0.77	0.77	0.72	0.17	0.69	-0.37		-0.27	-0.03	-0.06	0.83	-0.77	-0.43
Short Term Debt	0.1	0.06	0.16	0.28	0.13	-0.34	0.49	-0.31	-0.03	0.13	0.39	-0.08	-0.05	-0.43	-0.41	-0.21	-0.1	-0.24	-0.11	-0.27		-0.23	0.13	-0.41	0.57	0.57
Current Deferred Revenue	0.73	0.6	0.48	0.69	0.64	0.17	0.31	0.19	0.07	0.64	0.24	0.07	0.6	0.18	0.31	0.02	-0.87	0.41	0.52	-0.03	-0.23		-0.95	0.18	-0.2	-0.12
Short Term Investments	-0.75	-0.45	-0.39	-0.69	-0.68	-0.25	-0.26	-0.11	-0.05	-0.69	-0.29	-0.06	-0.49	-0.25	-0.4	-0.09	0.89	-0.45	-0.41	-0.06	0.13	-0.95		-0.26	0.29	0.18
Common Stock	0.34	0.05	0.13	-0.11	0.43	0.96	-0.73	0.15	-0.36	0.4	-0.56	-0.38	-0.02	0.93	0.96	0.86	0.01	0.88	-0.14	0.83	-0.41	0.18	-0.26		-0.82	-0.42
Other Liab	-0.01	0.12	0.02	0.36	-0.06	-0.81	0.83	-0.31	0.16	-0.03	0.54	0.19	0.07	-0.83	-0.81	-0.49	-0.1	-0.6	0.1	-0.77	0.57	-0.2	0.29	-0.82		0.81
Net Tangible Assets	0.32	0.22	0.14	0.55	0.32	-0.37	0.68	-0.5	-0.11	0.33	0.31	-0.09	0.08	-0.58	-0.38	0.01	-0.1	-0.22	0.03	-0.43	0.57	-0.12	0.18	-0.42	0.81

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AKITA Drilling Account Relationship Matchups

AKITA Drilling fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	369.1M	251.5M	247.6M	268.3M	263.6M	217.5M
Other Current Liab	14.1M	6.5M	13.8M	17.2M	13.9M	9.3M
Total Current Liabilities	30.1M	15.4M	23.7M	30.7M	32.0M	24.5M
Total Stockholder Equity	245.1M	152.3M	131.5M	137.9M	156.0M	159.8M
Property Plant And Equipment Net	331.3M	224.8M	213.3M	202.1M	198.0M	156.5M
Net Debt	91.7M	70.2M	86.7M	82.0M	59.2M	62.2M
Retained Earnings	94.1M	794K	(20.2M)	(15.9M)	2.5M	2.4M
Accounts Payable	3.5M	7.4M	7.0M	12.2M	16.8M	8.9M
Cash	(3.9M)	7.1M	1.8M	13.3M	11.2M	15.6M
Non Current Assets Total	334.9M	227.5M	217.4M	206.5M	204.5M	160.5M
Non Currrent Assets Other	2.0M	1.8M	1.7M	1.6M	1.4M	2.5M
Cash And Short Term Investments	(3.9M)	7.1M	1.8M	13.3M	11.2M	16.2M
Net Receivables	32.3M	15.1M	27.2M	46.9M	47.1M	33.3M
Liabilities And Stockholders Equity	369.1M	251.5M	247.6M	268.3M	263.6M	217.5M
Non Current Liabilities Total	93.9M	83.9M	92.4M	99.8M	75.7M	79.5M
Other Current Assets	2.0M	1.8M	1.2M	1.6M	812K	700.3K
Other Stockholder Equity	5.0M	5.2M	5.5M	5.7M	6.1M	8.9M
Total Liab	124.0M	99.3M	116.1M	130.4M	107.7M	57.7M
Total Current Assets	34.2M	24.1M	30.2M	61.8M	59.1M	57.0M
Short Long Term Debt Total	87.9M	77.3M	88.5M	95.3M	70.4M	43.5M
Short Term Debt	12.0M	1.0M	2.7M	990K	645K	612.8K
Current Deferred Revenue	461K	422K	282K	206K	627K	658.4K
Accumulated Other Comprehensive Income	(213K)	11K	(35K)	1.8M	1.0M	1.1M
Other Liab	16.7M	7.6M	6.6M	5.5M	4.9M	4.7M
Net Tangible Assets	245.1M	152.3M	131.5M	137.9M	124.1M	152.3M
Other Assets	2.0M	1.8M	1.7M	1.6M	1.4M	1.6M
Property Plant Equipment	331.3M	224.8M	213.3M	202.1M	181.9M	194.1M
Net Invested Capital	329.2M	226.6M	217.6M	231.4M	225.5M	201.1M
Long Term Investments	1.6M	887K	2.4M	2.9M	5.1M	3.4M
Net Working Capital	4.2M	8.7M	6.5M	31.1M	27.1M	16.4M
Long Term Debt	74.7M	74.3M	84.4M	93.5M	69.5M	86.3M
Capital Lease Obligations	3.9M	3.0M	2.3M	1.8M	873K	1.6M

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AKITA Average Payables vs Pb Ratio Analysis

Average Payables vs Pb Ratio

Average Payables vs Pb Ratio Correlation Analysis

Correlation Coefficient

Average Payables

Pb Ratio

AKITA Drilling fundamental ratios Correlations

AKITA Drilling Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AKITA Drilling fundamental ratios Accounts

Additional Tools for AKITA Stock Analysis

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.99	Cash
Property Plant And Equipment Net	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Non Current Liabilities Total	+ 0.97	Net Debt
Common Stock	+ 0.96	Net Debt

Short Term Investments	- 0.95	Current Deferred Revenue
Current Deferred Revenue	- 0.87	Other Stockholder Equity
Other Liab	- 0.83	Common Stock Shares Outstanding
Other Liab	- 0.82	Common Stock
Other Liab	- 0.81	Non Current Liabilities Total
Other Liab	- 0.81	Net Debt