Ankit Net Debt vs Common Stock Analysis

ANKITMETAL

3.40 0.10 2.86%

Ankit Metal financial indicator trend analysis is way more than just evaluating Ankit Metal Power prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ankit Metal Power is a good investment. Please check the relationship between Ankit Metal Net Debt and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ankit Metal Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ankit Metal Power Net Debt account and Common Stock. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ankit Metal's Net Debt and Common Stock is 0.94. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Ankit Metal Power, assuming nothing else is changed. The correlation between historical values of Ankit Metal's Net Debt and Common Stock 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 Debt of Ankit Metal Power are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Debt i.e., Ankit Metal's Net Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Common Stock

Most indicators from Ankit Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ankit Metal Power 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 Ankit Metal Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

As of December 1, 2024, Selling General Administrative is expected to decline to about 7.7 M

Ankit Metal fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Non Currrent Assets Other	Current Deferred Revenue	Intangible Assets	Other Liab
Total Assets		0.58	-0.1	0.1	0.27	0.91	0.55	0.13	0.35	0.51	0.9	0.45	0.72	0.53	0.66	0.63	0.84	0.67	0.44	0.95	0.03	0.55	0.1	-0.19	-0.23	-0.36
Short Long Term Debt Total	0.58		0.45	0.68	-0.57	0.28	1.0	-0.67	0.91	-0.34	0.27	-0.06	-0.05	0.94	0.22	0.93	0.58	0.92	0.96	0.73	0.64	0.95	0.01	0.63	-0.86	-0.15
Other Current Liab	-0.1	0.45		0.92	-0.82	-0.26	0.47	-0.82	0.59	-0.64	-0.26	-0.62	-0.68	0.55	-0.66	0.43	-0.03	0.46	0.6	0.03	0.92	0.53	-0.37	0.78	-0.67	0.62
Total Current Liabilities	0.1	0.68	0.92		-0.87	-0.12	0.69	-0.9	0.8	-0.63	-0.13	-0.45	-0.58	0.75	-0.51	0.65	0.08	0.67	0.79	0.25	0.99	0.74	-0.21	0.84	-0.84	0.51
Total Stockholder Equity	0.27	-0.57	-0.82	-0.87		0.51	-0.59	0.99	-0.74	0.91	0.51	0.58	0.83	-0.6	0.56	-0.47	0.16	-0.44	-0.7	0.06	-0.88	-0.58	0.16	-0.93	0.84	-0.39
Property Plant And Equipment Net	0.91	0.28	-0.26	-0.12	0.51		0.26	0.38	0.03	0.69	1.0	0.54	0.78	0.29	0.62	0.29	0.72	0.46	0.15	0.73	-0.17	0.3	0.2	-0.38	0.12	-0.32
Net Debt	0.55	1.0	0.47	0.69	-0.59	0.26		-0.69	0.92	-0.37	0.24	-0.08	-0.08	0.94	0.2	0.93	0.56	0.91	0.97	0.71	0.65	0.94	0.01	0.64	-0.87	-0.14
Retained Earnings	0.13	-0.67	-0.82	-0.9	0.99	0.38	-0.69		-0.82	0.85	0.39	0.52	0.75	-0.7	0.48	-0.58	0.06	-0.57	-0.79	-0.07	-0.91	-0.69	0.14	-0.94	0.89	-0.34
Accounts Payable	0.35	0.91	0.59	0.8	-0.74	0.03	0.92	-0.82		-0.52	0.02	-0.2	-0.29	0.93	-0.07	0.88	0.35	0.86	0.98	0.54	0.76	0.94	-0.04	0.76	-0.91	0.07
Cash	0.51	-0.34	-0.64	-0.63	0.91	0.69	-0.37	0.85	-0.52		0.7	0.61	0.89	-0.3	0.5	-0.22	0.29	-0.12	-0.45	0.3	-0.65	-0.29	0.11	-0.79	0.65	-0.26
Non Current Assets Total	0.9	0.27	-0.26	-0.13	0.51	1.0	0.24	0.39	0.02	0.7		0.54	0.78	0.28	0.62	0.27	0.7	0.45	0.13	0.71	-0.18	0.29	0.22	-0.39	0.14	-0.31
Cash And Short Term Investments	0.45	-0.06	-0.62	-0.45	0.58	0.54	-0.08	0.52	-0.2	0.61	0.54		0.65	-0.08	0.59	-0.1	0.36	0.01	-0.19	0.32	-0.46	-0.08	0.75	-0.58	0.29	-0.4
Net Receivables	0.72	-0.05	-0.68	-0.58	0.83	0.78	-0.08	0.75	-0.29	0.89	0.78	0.65		-0.13	0.79	0.08	0.56	0.04	-0.22	0.59	-0.62	-0.1	0.13	-0.76	0.41	-0.53
Common Stock Shares Outstanding	0.53	0.94	0.55	0.75	-0.6	0.29	0.94	-0.7	0.93	-0.3	0.28	-0.08	-0.13		0.02	0.88	0.46	0.98	0.97	0.64	0.72	1.0	0.02	0.69	-0.82	0.03
Non Current Liabilities Total	0.66	0.22	-0.66	-0.51	0.56	0.62	0.2	0.48	-0.07	0.5	0.62	0.59	0.79	0.02		0.2	0.67	0.13	-0.01	0.61	-0.58	0.05	0.33	-0.55	0.12	-0.85
Inventory	0.63	0.93	0.43	0.65	-0.47	0.29	0.93	-0.58	0.88	-0.22	0.27	-0.1	0.08	0.88	0.2		0.57	0.87	0.91	0.81	0.59	0.9	-0.19	0.52	-0.82	-0.06
Other Current Assets	0.84	0.58	-0.03	0.08	0.16	0.72	0.56	0.06	0.35	0.29	0.7	0.36	0.56	0.46	0.67	0.57		0.53	0.44	0.83	0.0	0.47	0.02	-0.13	-0.28	-0.49
Other Stockholder Equity	0.67	0.92	0.46	0.67	-0.44	0.46	0.91	-0.57	0.86	-0.12	0.45	0.01	0.04	0.98	0.13	0.87	0.53		0.92	0.73	0.63	0.98	0.04	0.57	-0.72	-0.01
Total Liab	0.44	0.96	0.6	0.79	-0.7	0.15	0.97	-0.79	0.98	-0.45	0.13	-0.19	-0.22	0.97	-0.01	0.91	0.44	0.92		0.61	0.76	0.97	-0.06	0.76	-0.89	0.04
Total Current Assets	0.95	0.73	0.03	0.25	0.06	0.73	0.71	-0.07	0.54	0.3	0.71	0.32	0.59	0.64	0.61	0.81	0.83	0.73	0.61		0.18	0.67	0.0	-0.03	-0.46	-0.34
Short Term Debt	0.03	0.64	0.92	0.99	-0.88	-0.17	0.65	-0.91	0.76	-0.65	-0.18	-0.46	-0.62	0.72	-0.58	0.59	0.0	0.63	0.76	0.18		0.71	-0.21	0.86	-0.81	0.57
Common Stock	0.55	0.95	0.53	0.74	-0.58	0.3	0.94	-0.69	0.94	-0.29	0.29	-0.08	-0.1	1.0	0.05	0.9	0.47	0.98	0.97	0.67	0.71		0.01	0.67	-0.83	0.01
Non Currrent Assets Other	0.1	0.01	-0.37	-0.21	0.16	0.2	0.01	0.14	-0.04	0.11	0.22	0.75	0.13	0.02	0.33	-0.19	0.02	0.04	-0.06	0.0	-0.21	0.01		-0.21	0.09	-0.26
Current Deferred Revenue	-0.19	0.63	0.78	0.84	-0.93	-0.38	0.64	-0.94	0.76	-0.79	-0.39	-0.58	-0.76	0.69	-0.55	0.52	-0.13	0.57	0.76	-0.03	0.86	0.67	-0.21		-0.76	0.39
Intangible Assets	-0.23	-0.86	-0.67	-0.84	0.84	0.12	-0.87	0.89	-0.91	0.65	0.14	0.29	0.41	-0.82	0.12	-0.82	-0.28	-0.72	-0.89	-0.46	-0.81	-0.83	0.09	-0.76		-0.06
Other Liab	-0.36	-0.15	0.62	0.51	-0.39	-0.32	-0.14	-0.34	0.07	-0.26	-0.31	-0.4	-0.53	0.03	-0.85	-0.06	-0.49	-0.01	0.04	-0.34	0.57	0.01	-0.26	0.39	-0.06

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Ankit Metal Account Relationship Matchups

Ankit Metal fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.8B	12.2B	12.2B	12.0B	13.7B	13.7B
Short Long Term Debt Total	12.0B	11.7B	11.4B	11.0B	12.7B	9.3B
Other Current Liab	2.4B	3.1B	1.9B	3.8B	4.3B	4.6B
Total Current Liabilities	16.6B	17.7B	19.3B	20.6B	23.7B	24.9B
Total Stockholder Equity	(6.6B)	(7.3B)	(7.9B)	(8.8B)	(7.9B)	(7.5B)
Property Plant And Equipment Net	5.5B	5.0B	4.9B	4.7B	5.4B	6.0B
Net Debt	12.0B	11.7B	11.4B	11.0B	12.7B	9.2B
Retained Earnings	(11.0B)	(11.8B)	(12.3B)	(13.3B)	(12.0B)	(11.4B)
Accounts Payable	5.0B	4.7B	6.0B	5.9B	6.8B	4.0B
Cash	6.0M	8.7M	6.2M	10.9M	9.8M	9.4M
Non Current Assets Total	5.5B	5.0B	4.9B	4.8B	5.5B	6.1B
Cash And Short Term Investments	6.2M	9.1M	6.5M	10.9M	9.8M	9.4M
Net Receivables	1.1B	513.3M	951.3M	614.9M	553.4M	525.7M
Liabilities And Stockholders Equity	12.8B	12.2B	12.2B	12.0B	13.7B	13.7B
Non Current Liabilities Total	2.8B	1.8B	699.2M	157.2M	141.5M	134.4M
Inventory	5.3B	5.7B	6.0B	5.7B	6.6B	4.6B
Other Current Assets	808.0M	893.7M	345.8M	845.1M	971.8M	933.4M
Total Liab	19.3B	19.5B	20.0B	20.8B	23.9B	15.1B
Total Current Assets	7.2B	7.1B	7.3B	7.2B	8.3B	7.6B
Accumulated Other Comprehensive Income	(2.4B)	(6.9M)	(633K)	12.2M	11.0M	11.5M
Short Term Debt	9.2B	9.9B	10.7B	10.9B	12.6B	13.2B
Non Currrent Assets Other	26.4M	9.4M	19.1M	19.6M	17.6M	16.7M
Current Deferred Revenue	1.7B	1.8B	1.8B	1.7B	1.9B	1.0B
Net Tangible Assets	(5.8B)	(6.6B)	(7.3B)	(7.9B)	(7.1B)	(6.7B)
Other Assets	26.4M	9.4M	19.1M	19.6M	22.5M	22.7M
Long Term Debt	2.8B	1.8B	656.6M	110.3M	99.3M	94.3M
Short Long Term Debt	9.2B	3.8B	10.7B	10.9B	12.6B	7.0B
Property Plant Equipment	5.5B	5.0B	4.9B	4.7B	4.3B	5.0B
Long Term Debt Total	2.8B	1.8B	656.6M	110.3M	99.3M	94.3M
Short Term Investments	217K	330K	242K	57.0M	51.3M	48.7M
Cash And Equivalents	6.0M	8.7M	6.2M	10.9M	9.8M	9.9M
Net Invested Capital	5.4B	(1.8B)	3.5B	2.2B	2.0B	3.1B
Net Working Capital	(9.3B)	(10.6B)	(12.1B)	(13.4B)	(12.1B)	(12.7B)

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Other Information on Investing in Ankit Stock

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

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Ankit Net Debt vs Common Stock Analysis

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Net Debt

Common Stock

Ankit Metal fundamental ratios Correlations

Ankit Metal Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ankit Metal fundamental ratios Accounts

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Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Shares Outstanding
Short Term Debt	+ 0.99	Total Current Liabilities
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.98	Accounts Payable

Current Deferred Revenue	- 0.94	Retained Earnings
Current Deferred Revenue	- 0.93	Total Stockholder Equity
Intangible Assets	- 0.91	Accounts Payable
Short Term Debt	- 0.91	Retained Earnings
Retained Earnings	- 0.9	Total Current Liabilities
Intangible Assets	- 0.89	Total Liab