Angling Net Receivables vs Non Currrent Assets Other Analysis

ANG Stock   39.00  0.50  1.30%   
Angling Direct financial indicator trend analysis is way more than just evaluating Angling Direct PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Angling Direct PLC is a good investment. Please check the relationship between Angling Direct Net Receivables and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Angling Direct PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Net Receivables vs Non Currrent Assets Other

Net Receivables vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Angling Direct PLC Net Receivables account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Angling Direct's Net Receivables and Non Currrent Assets Other is -0.56. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Angling Direct PLC, assuming nothing else is changed. The correlation between historical values of Angling Direct's Net Receivables and Non Currrent Assets Other 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 Receivables of Angling Direct PLC are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Receivables i.e., Angling Direct's Net Receivables and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.56
Relationship DirectionNegative 
Relationship StrengthVery Weak

Net Receivables

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Angling Direct's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Angling Direct PLC 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 Angling Direct PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
As of December 11, 2024, Selling General Administrative is expected to decline to about 14.2 M. In addition to that, Tax Provision is expected to decline to about 230.9 K
 2021 2022 2023 2024 (projected)
Interest Expense393K430K542K275.4K
Depreciation And Amortization2.9M3.5M3.8M4.0M

Angling Direct fundamental ratios Correlations

0.980.820.951.0-0.150.950.990.32-0.640.660.920.960.99-0.610.960.290.940.940.920.970.990.80.990.990.87
0.980.740.920.97-0.140.931.00.39-0.530.610.910.920.99-0.560.920.350.90.910.950.990.980.760.970.990.87
0.820.740.90.83-0.350.790.77-0.01-0.650.580.840.80.81-0.460.80.120.910.870.60.690.810.650.820.80.68
0.950.920.90.94-0.220.890.940.28-0.560.690.960.880.96-0.610.880.40.960.930.830.890.970.750.920.960.86
1.00.970.830.94-0.170.950.980.28-0.680.650.910.970.99-0.610.970.260.940.950.90.960.980.80.990.980.85
-0.15-0.14-0.35-0.22-0.17-0.05-0.120.55-0.040.34-0.34-0.09-0.20.09-0.09-0.19-0.42-0.230.13-0.01-0.13-0.05-0.22-0.10.15
0.950.930.790.890.95-0.050.930.39-0.710.780.860.930.94-0.470.930.130.880.970.880.920.930.790.940.930.94
0.991.00.770.940.98-0.120.930.38-0.550.640.910.931.0-0.560.930.320.920.920.940.990.990.780.980.990.88
0.320.39-0.010.280.280.550.390.38-0.080.630.150.280.310.070.280.20.090.220.630.470.350.410.220.40.6
-0.64-0.53-0.65-0.56-0.68-0.04-0.71-0.55-0.08-0.59-0.44-0.81-0.560.47-0.810.19-0.55-0.66-0.53-0.53-0.55-0.57-0.66-0.56-0.53
0.660.610.580.690.650.340.780.640.63-0.590.590.660.62-0.280.660.060.560.70.690.640.690.740.580.680.9
0.920.910.840.960.91-0.340.860.910.15-0.440.590.810.94-0.60.810.440.960.910.760.860.950.690.90.930.81
0.960.920.80.880.97-0.090.930.930.28-0.810.660.810.93-0.621.00.170.860.90.880.910.910.770.960.920.8
0.990.990.810.960.99-0.20.941.00.31-0.560.620.940.93-0.570.930.320.950.940.910.970.990.780.980.990.86
-0.61-0.56-0.46-0.61-0.610.09-0.47-0.560.070.47-0.28-0.6-0.62-0.57-0.62-0.56-0.54-0.48-0.49-0.53-0.62-0.36-0.6-0.58-0.36
0.960.920.80.880.97-0.090.930.930.28-0.810.660.811.00.93-0.620.170.860.90.880.910.910.770.960.920.8
0.290.350.120.40.26-0.190.130.320.20.190.060.440.170.32-0.560.170.270.130.310.320.360.210.250.360.18
0.940.90.910.960.94-0.420.880.920.09-0.550.560.960.860.95-0.540.860.270.950.750.850.940.750.940.920.78
0.940.910.870.930.95-0.230.970.920.22-0.660.70.910.90.94-0.480.90.130.950.80.870.930.760.950.920.88
0.920.950.60.830.90.130.880.940.63-0.530.690.760.880.91-0.490.880.310.750.80.980.910.720.880.940.88
0.970.990.690.890.96-0.010.920.990.47-0.530.640.860.910.97-0.530.910.320.850.870.980.960.760.950.980.88
0.990.980.810.970.98-0.130.930.990.35-0.550.690.950.910.99-0.620.910.360.940.930.910.960.80.960.990.89
0.80.760.650.750.8-0.050.790.780.41-0.570.740.690.770.78-0.360.770.210.750.760.720.760.80.760.780.78
0.990.970.820.920.99-0.220.940.980.22-0.660.580.90.960.98-0.60.960.250.940.950.880.950.960.760.960.82
0.990.990.80.960.98-0.10.930.990.4-0.560.680.930.920.99-0.580.920.360.920.920.940.980.990.780.960.89
0.870.870.680.860.850.150.940.880.6-0.530.90.810.80.86-0.360.80.180.780.880.880.880.890.780.820.89
Click cells to compare fundamentals

Angling Direct Account Relationship Matchups

Angling Direct fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets42.7M50.6M58.1M58.1M59.9M37.4M
Short Long Term Debt Total10.5M10.2M11.1M11.5M11.6M7.2M
Other Current Liab1.6M2.9M3.4M1.7M3.3M2.1M
Total Current Liabilities7.6M8.1M10.8M9.3M9.6M7.4M
Total Stockholder Equity25.5M33.1M36.4M37.3M38.5M23.0M
Other Liab358K249K535K1.5M1.3M1.4M
Net Tangible Assets22.0M19.3M26.9M30.2M34.8M36.5M
Property Plant And Equipment Net16.1M16.0M17.9M19.0M19.9M11.4M
Current Deferred Revenue(811K)17K464K727K790K829.5K
Net Debt4.5M(4.8M)(5.6M)(2.6M)(4.2M)(4.0M)
Retained Earnings(1.2M)1.3M4.3M4.9M6.1M6.4M
Accounts Payable4.8M3.3M4.8M4.5M4.5M3.8M
Cash6.0M15.0M16.6M14.1M15.8M9.0M
Non Current Assets Total22.3M22.3M24.1M25.0M26.0M16.1M
Cash And Short Term Investments6.0M15.0M16.6M14.1M15.8M9.0M
Net Receivables509K99K542K505K23K21.9K
Common Stock Total Equity430K646.2K646K773K889.0K933.4K
Common Stock Shares Outstanding64.6M73.3M78.3M78.2M77.8M63.5M
Liabilities And Stockholders Equity42.7M50.6M58.1M58.1M59.9M37.4M
Non Current Liabilities Total9.6M9.4M10.9M11.4M11.8M7.1M
Inventory13.5M12.5M16.3M17.8M17.0M11.4M
Other Current Assets474K769K545K1.1M1.2M730.3K
Total Liab17.2M17.5M21.7M20.8M21.4M14.4M
Property Plant And Equipment Gross16.1M16.9M27.2M31.3M35.3M37.1M
Total Current Assets20.4M28.3M34.0M33.0M34.0M21.3M
Short Term Debt1.2M1.4M1.6M116K1.8M1.0M
Property Plant Equipment9.5M16.1M16.9M17.9M20.6M21.7M
Intangible Assets6.2M6.3M6.2M6.1M432K410.4K
Capital Lease Obligations10.5M11.1M11.1M11.5M11.6M8.9M
Net Invested Capital25.5M33.1M36.4M37.3M38.5M32.5M
Net Working Capital12.8M20.2M23.2M23.7M24.3M19.6M

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Other Information on Investing in Angling Stock

Balance Sheet is a snapshot of the financial position of Angling Direct PLC at a specified time, usually calculated after every quarter, six months, or one year. Angling Direct Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Angling Direct 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 Angling currently owns. An asset can also be divided into two categories, current and non-current.