Addentax Total Stockholder Equity vs Net Debt Analysis

ATXG Stock

USD 0.56 0.02 3.70%

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

Total Stockholder Equity vs Net Debt

Total Stockholder Equity vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Addentax Group Corp Total Stockholder Equity account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Addentax Group's Total Stockholder Equity and Net Debt is 0.61. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of Addentax Group Corp, assuming nothing else is changed. The correlation between historical values of Addentax Group's Total Stockholder Equity and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Addentax Group Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Stockholder Equity i.e., Addentax Group's Total Stockholder Equity and Net Debt go up and down completely randomly.

Correlation Coefficient

0.61

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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.

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

At this time, Addentax Group's Tax Provision is most likely to increase significantly in the upcoming years. The Addentax Group's current Sales General And Administrative To Revenue is estimated to increase to 0.54, while Selling General Administrative is projected to decrease to roughly 293.3 K.

Addentax Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment
Total Assets		0.71	0.3	0.28	0.92	-0.13	0.56	0.71	-0.82	0.07	0.51	0.97	0.07	0.95	0.31	0.55	0.81	0.28	0.91	0.97	0.9	0.33	0.99	0.33	-0.02	0.32
Short Long Term Debt Total	0.71		0.31	0.34	0.6	-0.02	0.94	1.0	-0.55	0.2	0.41	0.65	0.05	0.6	0.4	0.55	0.66	0.26	0.7	0.64	0.7	0.29	0.72	0.28	-0.16	0.28
Other Current Liab	0.3	0.31		0.8	0.05	-0.69	0.25	0.29	-0.23	0.75	0.33	0.16	0.26	0.13	0.69	0.49	0.74	0.94	0.1	0.1	0.51	0.1	0.37	0.09	0.34	0.71
Total Current Liabilities	0.28	0.34	0.8		-0.1	-0.49	0.44	0.3	-0.51	0.9	0.74	0.23	0.68	-0.01	0.69	0.54	0.72	0.87	0.22	0.06	0.65	0.61	0.29	0.6	0.28	0.75
Total Stockholder Equity	0.92	0.6	0.05	-0.1		0.04	0.38	0.61	-0.61	-0.28	0.2	0.9	-0.24	0.99	0.07	0.38	0.57	-0.01	0.82	0.98	0.67	0.04	0.91	0.05	-0.1	0.04
Net Tangible Assets	-0.13	-0.02	-0.69	-0.49	0.04		-0.01	-0.02	0.11	-0.58	-0.02	-0.03	-0.21	-0.05	-0.39	0.03	-0.52	-0.7	-0.08	0.01	-0.29	0.19	-0.21	0.19	-0.31	-0.81
Property Plant And Equipment Net	0.56	0.94	0.25	0.44	0.38	-0.01		0.93	-0.51	0.32	0.46	0.5	0.16	0.37	0.43	0.51	0.59	0.23	0.65	0.45	0.65	0.41	0.56	0.39	-0.14	0.3
Net Debt	0.71	1.0	0.29	0.3	0.61	-0.02	0.93		-0.51	0.17	0.36	0.63	0.0	0.6	0.38	0.53	0.64	0.23	0.7	0.64	0.68	0.24	0.72	0.23	-0.16	0.26
Retained Earnings	-0.82	-0.55	-0.23	-0.51	-0.61	0.11	-0.51	-0.51		-0.28	-0.86	-0.89	-0.56	-0.69	-0.26	-0.51	-0.75	-0.38	-0.79	-0.77	-0.91	-0.75	-0.76	-0.76	0.04	-0.45
Accounts Payable	0.07	0.2	0.75	0.9	-0.28	-0.58	0.32	0.17	-0.28		0.55	0.01	0.7	-0.19	0.66	0.29	0.51	0.79	-0.01	-0.15	0.45	0.43	0.1	0.39	0.16	0.83
Cash	0.51	0.41	0.33	0.74	0.2	-0.02	0.46	0.36	-0.86	0.55		0.59	0.78	0.29	0.37	0.55	0.6	0.51	0.45	0.4	0.76	0.96	0.43	0.94	-0.01	0.44
Non Current Assets Total	0.97	0.65	0.16	0.23	0.9	-0.03	0.5	0.63	-0.89	0.01	0.59		0.17	0.93	0.2	0.5	0.73	0.2	0.89	0.97	0.88	0.45	0.93	0.45	-0.07	0.26
Other Assets	0.07	0.05	0.26	0.68	-0.24	-0.21	0.16	0.0	-0.56	0.7	0.78	0.17		-0.13	0.27	0.17	0.27	0.48	0.06	-0.03	0.4	0.77	0.0	0.79	-0.08	0.64
Cash And Short Term Investments	0.95	0.6	0.13	-0.01	0.99	-0.05	0.37	0.6	-0.69	-0.19	0.29	0.93	-0.13		0.11	0.4	0.64	0.09	0.83	0.99	0.73	0.11	0.94	0.12	-0.07	0.15
Net Receivables	0.31	0.4	0.69	0.69	0.07	-0.39	0.43	0.38	-0.26	0.66	0.37	0.2	0.27	0.11		0.75	0.59	0.61	0.23	0.13	0.52	0.24	0.37	0.2	0.3	0.53
Good Will	0.55	0.55	0.49	0.54	0.38	0.03	0.51	0.53	-0.51	0.29	0.55	0.5	0.17	0.4	0.75		0.65	0.49	0.46	0.45	0.63	0.46	0.55	0.46	0.02	0.19
Common Stock Shares Outstanding	0.81	0.66	0.74	0.72	0.57	-0.52	0.59	0.64	-0.75	0.51	0.6	0.73	0.27	0.64	0.59	0.65		0.74	0.73	0.66	0.92	0.38	0.84	0.39	0.19	0.66
Inventory	0.28	0.26	0.94	0.87	-0.01	-0.7	0.23	0.23	-0.38	0.79	0.51	0.2	0.48	0.09	0.61	0.49	0.74		0.11	0.09	0.55	0.31	0.32	0.32	0.23	0.78
Other Current Assets	0.91	0.7	0.1	0.22	0.82	-0.08	0.65	0.7	-0.79	-0.01	0.45	0.89	0.06	0.83	0.23	0.46	0.73	0.11		0.88	0.83	0.33	0.9	0.37	-0.07	0.27
Other Stockholder Equity	0.97	0.64	0.1	0.06	0.98	0.01	0.45	0.64	-0.77	-0.15	0.4	0.97	-0.03	0.99	0.13	0.45	0.66	0.09	0.88		0.79	0.25	0.95	0.26	-0.1	0.15
Total Liab	0.9	0.7	0.51	0.65	0.67	-0.29	0.65	0.68	-0.91	0.45	0.76	0.88	0.4	0.73	0.52	0.63	0.92	0.55	0.83	0.79		0.58	0.89	0.57	0.08	0.58
Short Long Term Debt	0.33	0.29	0.1	0.61	0.04	0.19	0.41	0.24	-0.75	0.43	0.96	0.45	0.77	0.11	0.24	0.46	0.38	0.31	0.33	0.25	0.58		0.23	0.98	-0.08	0.24
Total Current Assets	0.99	0.72	0.37	0.29	0.91	-0.21	0.56	0.72	-0.76	0.1	0.43	0.93	0.0	0.94	0.37	0.55	0.84	0.32	0.9	0.95	0.89	0.23		0.23	0.04	0.36
Short Term Debt	0.33	0.28	0.09	0.6	0.05	0.19	0.39	0.23	-0.76	0.39	0.94	0.45	0.79	0.12	0.2	0.46	0.39	0.32	0.37	0.26	0.57	0.98	0.23		-0.08	0.26
Common Stock	-0.02	-0.16	0.34	0.28	-0.1	-0.31	-0.14	-0.16	0.04	0.16	-0.01	-0.07	-0.08	-0.07	0.3	0.02	0.19	0.23	-0.07	-0.1	0.08	-0.08	0.04	-0.08		0.09
Property Plant Equipment	0.32	0.28	0.71	0.75	0.04	-0.81	0.3	0.26	-0.45	0.83	0.44	0.26	0.64	0.15	0.53	0.19	0.66	0.78	0.27	0.15	0.58	0.24	0.36	0.26	0.09

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Addentax Group Account Relationship Matchups

Addentax Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.0M	8.4M	18.4M	13.1M	41.3M	52.3M
Short Long Term Debt Total	2.2M	9.8M	6.7M	11.6M	24.1M	25.3M
Other Current Liab	4.5M	5.7M	4.0M	2.6M	5.6M	1.3M
Total Current Liabilities	5.7M	10.1M	12.4M	10.4M	3.5M	4.6M
Total Stockholder Equity	(1.7M)	(3.1M)	(81.5K)	(71.4K)	24.1M	26.0M
Net Tangible Assets	(2.2M)	(3.1M)	(81.5K)	(71.4K)	(759.3K)	(797.3K)
Property Plant And Equipment Net	2.4M	10.4M	7.4M	921.6K	20.4M	21.4M
Net Debt	1.7M	7.9M	5.3M	11.1M	23.3M	24.4M
Retained Earnings	(1.8M)	(3.2M)	(6.8M)	(6.8M)	(5.5M)	(8.6M)
Accounts Payable	884.3K	3.6M	3.1M	1.3M	267.5K	359.5K
Cash	277.3K	531.7K	1.8M	1.4M	562.7K	816.2K
Non Current Assets Total	1.2M	2.4M	10.4M	7.4M	18.3M	23.2M
Cash And Short Term Investments	277.3K	531.7K	1.8M	1.4M	18.3M	18.3M
Net Receivables	2.0M	4.7M	5.4M	2.7M	3.1M	4.0M
Liabilities And Stockholders Equity	4.0M	8.4M	18.4M	13.1M	41.3M	52.3M
Inventory	318.0K	347.5K	270.4K	266.6K	285.5K	63.5K
Other Current Assets	230.5K	389.9K	511.3K	1.3M	1.3M	4.0M
Total Liab	5.7M	11.5M	18.5M	13.2M	17.2M	26.3M
Short Long Term Debt	223.5K	353.1K	5.1M	3.8M	137.5K	1.6M
Total Current Assets	2.8M	6.0M	8.0M	5.7M	23.0M	29.2M
Accumulated Other Comprehensive Income	(13.2K)	80.0K	(89.3K)	(157.2K)	9.0K	100.0K
Short Term Debt	223.5K	796.7K	7.3M	7.7M	391.7K	2.6M
Property Plant Equipment	694.4K	2.4M	794.0K	836.4K	787.8K	824.8K
Non Currrent Assets Other	1.1M	1.2M	9.6M	31.5K	90.0K	291.9K
Current Deferred Revenue	18.9K	154.0K	874.1K	2.2K	202.6K	289.6K
Net Invested Capital	2.7M	5.0M	3.8M	35.5M	30.3M	31.8M
Net Working Capital	(4.1M)	(4.4M)	(4.7M)	19.5M	24.6M	25.8M

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When determining whether Addentax Group Corp is a strong investment it is important to analyze Addentax Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Addentax Group's future performance. For an informed investment choice regarding Addentax Stock, refer to the following important reports:

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Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Addentax Group. If investors know Addentax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Addentax Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.34)

Earnings Share

(0.70)

Revenue Per Share

1.037

Quarterly Revenue Growth

(0.19)

Return On Assets

(0.02)

The market value of Addentax Group Corp is measured differently than its book value, which is the value of Addentax that is recorded on the company's balance sheet. Investors also form their own opinion of Addentax Group's value that differs from its market value or its book value, called intrinsic value, which is Addentax Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Addentax Group's market value can be influenced by many factors that don't directly affect Addentax Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Addentax Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Addentax Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addentax Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Addentax Total Stockholder Equity vs Net Debt Analysis

Total Stockholder Equity vs Net Debt

Total Stockholder Equity vs Net Debt Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Net Debt

Addentax Group fundamental ratios Correlations

Addentax Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Addentax Group fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Total Stockholder Equity
Other Stockholder Equity	+ 0.99	Cash And Short Term Investments
Other Stockholder Equity	+ 0.98	Total Stockholder Equity
Short Term Debt	+ 0.98	Short Long Term Debt

Total Liab	- 0.91	Retained Earnings
Non Current Assets Total	- 0.89	Retained Earnings
Cash	- 0.86	Retained Earnings
Retained Earnings	- 0.82	Total Assets
Property Plant Equipment	- 0.81	Net Tangible Assets
Other Current Assets	- 0.79	Retained Earnings