Anavex Net Working Capital vs Retained Earnings Analysis

Anavex Life financial indicator trend analysis is way more than just evaluating Anavex Life Sciences prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anavex Life Sciences is a good investment. Please check the relationship between Anavex Life Net Working Capital and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios. 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.

Net Working Capital vs Retained Earnings

Net Working Capital vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anavex Life Sciences Net Working Capital account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.

The correlation between Anavex Life's Net Working Capital and Retained Earnings is -0.85. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Anavex Life Sciences, assuming nothing else is changed. The correlation between historical values of Anavex Life's Net Working Capital and Retained Earnings 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 Working Capital of Anavex Life Sciences are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Working Capital i.e., Anavex Life's Net Working Capital and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.85

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Working Capital

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Anavex Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anavex Life Sciences 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. 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, Anavex Life's Selling General Administrative is quite stable compared to the past year. Issuance Of Capital Stock is expected to rise to about 47.1 M this year, although Enterprise Value Over EBITDA will most likely fall to (6.30).

	2021	2022	2023	2024 (projected)
Tax Provision	358.5K	7K	8.1K	7.6K
Interest Income	947.0K	6.5M	7.5M	7.9M

Tax Provision Interest Income

Anavex Life fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Short Long Term Debt Total	Other Current Assets	Short Term Debt	Property Plant And Equipment Net	Current Deferred Revenue	Non Current Assets Total	Property Plant And Equipment Gross	Non Current Liabilities Total	Net Receivables	Net Tangible Assets	Other Assets
Total Assets		0.93	0.96	1.0	-0.98	-0.93	1.0	1.0	0.9	0.91	0.98	0.93	1.0	0.91	0.78	-0.22	0.05	-0.36	-0.08	0.58	-0.26	-0.08	0.85	0.64	1.0	0.32
Other Current Liab	0.93		0.96	0.93	-0.88	-0.91	0.93	0.93	0.89	0.91	0.96	0.91	0.93	0.91	0.79	-0.27	0.01	-0.27	-0.1	0.71	-0.11	-0.1	0.8	0.42	0.93	0.2
Total Current Liabilities	0.96	0.96		0.96	-0.93	-0.96	0.96	0.96	0.95	0.96	0.99	0.96	0.96	0.95	0.85	-0.28	0.14	-0.32	-0.11	0.69	-0.27	-0.11	0.85	0.63	0.96	0.22
Total Stockholder Equity	1.0	0.93	0.96		-0.98	-0.93	1.0	1.0	0.89	0.91	0.98	0.93	1.0	0.9	0.78	-0.24	0.04	-0.37	-0.09	0.56	-0.26	-0.09	0.84	0.64	1.0	0.33
Net Debt	-0.98	-0.88	-0.93	-0.98		0.93	-0.98	-0.98	-0.87	-0.88	-0.95	-0.89	-0.98	-0.87	-0.76	0.25	-0.04	0.36	0.11	-0.55	0.24	0.11	-0.79	-0.68	-0.98	-0.4
Retained Earnings	-0.93	-0.91	-0.96	-0.93	0.93		-0.93	-0.93	-0.94	-0.97	-0.97	-0.93	-0.93	-0.95	-0.87	0.25	-0.24	0.38	0.08	-0.71	0.22	0.08	-0.8	-0.61	-0.93	-0.33
Cash	1.0	0.93	0.96	1.0	-0.98	-0.93		1.0	0.9	0.91	0.98	0.93	1.0	0.91	0.78	-0.22	0.04	-0.35	-0.08	0.57	-0.26	-0.08	0.85	0.62	1.0	0.33
Cash And Short Term Investments	1.0	0.93	0.96	1.0	-0.98	-0.93	1.0		0.9	0.91	0.98	0.93	1.0	0.91	0.78	-0.22	0.04	-0.35	-0.08	0.57	-0.26	-0.08	0.85	0.62	1.0	0.33
Common Stock Total Equity	0.9	0.89	0.95	0.89	-0.87	-0.94	0.9	0.9		0.93	0.94	0.96	0.9	1.0	0.88	-0.08	0.21	-0.21	0.12	0.83	-0.21	0.12	0.86	0.62	0.89	0.26
Common Stock Shares Outstanding	0.91	0.91	0.96	0.91	-0.88	-0.97	0.91	0.91	0.93		0.96	0.9	0.91	0.94	0.93	-0.32	0.29	-0.48	-0.12	0.71	-0.08	-0.12	0.74	0.61	0.91	0.27
Other Stockholder Equity	0.98	0.96	0.99	0.98	-0.95	-0.97	0.98	0.98	0.94	0.96		0.96	0.98	0.95	0.84	-0.24	0.14	-0.37	-0.07	0.66	-0.25	-0.07	0.86	0.58	0.98	0.28
Total Liab	0.93	0.91	0.96	0.93	-0.89	-0.93	0.93	0.93	0.96	0.9	0.96		0.93	0.97	0.79	0.02	0.09	-0.22	0.1	0.71	-0.33	0.1	0.96	0.59	0.93	0.2
Total Current Assets	1.0	0.93	0.96	1.0	-0.98	-0.93	1.0	1.0	0.9	0.91	0.98	0.93		0.91	0.78	-0.22	0.05	-0.36	-0.08	0.58	-0.26	-0.08	0.85	0.64	1.0	0.32
Common Stock	0.91	0.91	0.95	0.9	-0.87	-0.95	0.91	0.91	1.0	0.94	0.95	0.97	0.91		0.87	-0.08	0.2	-0.21	0.11	0.82	-0.22	0.11	0.87	0.6	0.9	0.24
Accounts Payable	0.78	0.79	0.85	0.78	-0.76	-0.87	0.78	0.78	0.88	0.93	0.84	0.79	0.78	0.87		-0.32	0.32	-0.52	0.05	0.76	0.08	0.05	0.61	0.62	0.78	0.13
Short Long Term Debt Total	-0.22	-0.27	-0.28	-0.24	0.25	0.25	-0.22	-0.22	-0.08	-0.32	-0.24	0.02	-0.22	-0.08	-0.32		-0.17	0.37	0.59	-0.06	-0.13	0.59	0.21	-0.2	-0.24	-0.08
Other Current Assets	0.05	0.01	0.14	0.04	-0.04	-0.24	0.04	0.04	0.21	0.29	0.14	0.09	0.05	0.2	0.32	-0.17		-0.25	-0.09	0.29	0.02	-0.09	-0.01	0.16	0.05	-0.07
Short Term Debt	-0.36	-0.27	-0.32	-0.37	0.36	0.38	-0.35	-0.35	-0.21	-0.48	-0.37	-0.22	-0.36	-0.21	-0.52	0.37	-0.25		0.2	0.09	-0.18	0.2	-0.12	-0.28	-0.36	-0.1
Property Plant And Equipment Net	-0.08	-0.1	-0.11	-0.09	0.11	0.08	-0.08	-0.08	0.12	-0.12	-0.07	0.1	-0.08	0.11	0.05	0.59	-0.09	0.2		0.18	-0.07	1.0	0.19	-0.11	-0.09	-0.05
Current Deferred Revenue	0.58	0.71	0.69	0.56	-0.55	-0.71	0.57	0.57	0.83	0.71	0.66	0.71	0.58	0.82	0.76	-0.06	0.29	0.09	0.18		0.04	0.18	0.55	0.34	0.57	0.07
Non Current Assets Total	-0.26	-0.11	-0.27	-0.26	0.24	0.22	-0.26	-0.26	-0.21	-0.08	-0.25	-0.33	-0.26	-0.22	0.08	-0.13	0.02	-0.18	-0.07	0.04		-0.07	-0.47	-0.24	-0.25	-0.16
Property Plant And Equipment Gross	-0.08	-0.1	-0.11	-0.09	0.11	0.08	-0.08	-0.08	0.12	-0.12	-0.07	0.1	-0.08	0.11	0.05	0.59	-0.09	0.2	1.0	0.18	-0.07		0.19	-0.11	-0.09	-0.05
Non Current Liabilities Total	0.85	0.8	0.85	0.84	-0.79	-0.8	0.85	0.85	0.86	0.74	0.86	0.96	0.85	0.87	0.61	0.21	-0.01	-0.12	0.19	0.55	-0.47	0.19		0.52	0.84	0.1
Net Receivables	0.64	0.42	0.63	0.64	-0.68	-0.61	0.62	0.62	0.62	0.61	0.58	0.59	0.64	0.6	0.62	-0.2	0.16	-0.28	-0.11	0.34	-0.24	-0.11	0.52		0.64	0.14
Net Tangible Assets	1.0	0.93	0.96	1.0	-0.98	-0.93	1.0	1.0	0.89	0.91	0.98	0.93	1.0	0.9	0.78	-0.24	0.05	-0.36	-0.09	0.57	-0.25	-0.09	0.84	0.64		0.33
Other Assets	0.32	0.2	0.22	0.33	-0.4	-0.33	0.33	0.33	0.26	0.27	0.28	0.2	0.32	0.24	0.13	-0.08	-0.07	-0.1	-0.05	0.07	-0.16	-0.05	0.1	0.14	0.33

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Anavex Life Account Relationship Matchups

Anavex Life fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	34.5M	161.6M	152.7M	154.4M	177.5M	186.4M
Other Current Liab	3.3M	5.6M	6.4M	8.2M	9.4M	9.9M
Total Current Liabilities	7.3M	10.8M	10.2M	12.5M	14.4M	15.1M
Total Stockholder Equity	27.2M	150.8M	142.5M	141.9M	163.1M	171.3M
Net Debt	(29.2M)	(152.1M)	(149.2M)	(151.0M)	(135.9M)	(129.1M)
Retained Earnings	(159.7M)	(197.6M)	(245.6M)	(293.1M)	(263.8M)	(250.6M)
Cash	29.2M	152.1M	149.2M	151.0M	173.7M	182.4M
Cash And Short Term Investments	29.2M	152.1M	149.2M	151.0M	173.7M	182.4M
Common Stock Total Equity	52.7K	62.0K	75.9K	77.9K	89.6K	94.1K
Common Stock Shares Outstanding	58.2M	69.8M	76.9M	79.8M	91.8M	96.3M
Liabilities And Stockholders Equity	34.5M	161.6M	152.7M	154.4M	177.5M	186.4M
Other Stockholder Equity	186.9M	348.3M	388.0M	434.8M	500.1M	525.1M
Total Liab	7.3M	10.8M	10.2M	12.5M	14.4M	15.1M
Total Current Assets	34.5M	161.6M	152.7M	154.4M	177.5M	186.4M
Common Stock	62.0K	75.9K	77.9K	82K	94.3K	99.0K
Accounts Payable	4.0M	4.7M	3.8M	4.3M	5.0M	5.2M
Other Current Assets	443.8K	371.9K	354K	653K	751.0K	496.3K
Non Current Liabilities Total	3.3M	5.6M	4.3M	7.3M	8.4M	8.8M
Net Receivables	4.8M	9.1M	3.2M	2.7M	3.1M	2.1M
Net Tangible Assets	27.2M	150.8M	142.5M	141.9M	163.1M	171.3M
Retained Earnings Total Equity	(133.4M)	(159.7M)	(197.6M)	(245.6M)	(221.0M)	(210.0M)
Capital Surpluse	153.6M	186.9M	348.3M	388.0M	446.2M	468.5M
Net Invested Capital	27.2M	150.8M	142.5M	141.9M	163.1M	82.9M
Net Working Capital	27.2M	150.8M	142.5M	141.9M	163.1M	82.9M
Capital Stock	62.0K	75.9K	77.9K	82K	94.3K	72.7K

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Anavex Net Working Capital vs Retained Earnings Analysis

Net Working Capital vs Retained Earnings

Net Working Capital vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Working Capital

Retained Earnings

Anavex Life fundamental ratios Correlations

Anavex Life Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Anavex Life fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Cash	+ 1.0	Total Stockholder Equity

Net Tangible Assets	- 0.98	Net Debt
Total Current Assets	- 0.98	Net Debt
Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Net Debt	- 0.98	Total Stockholder Equity
Net Debt	- 0.98	Total Assets