AXISCADES Inventory vs Net Debt Analysis

AXISCADES   566.45  0.60  0.11%   
AXISCADES Technologies financial indicator trend analysis is way more than just evaluating AXISCADES Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AXISCADES Technologies is a good investment. Please check the relationship between AXISCADES Technologies Inventory and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AXISCADES Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Inventory vs Net Debt

Inventory vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AXISCADES Technologies Inventory account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between AXISCADES Technologies' Inventory and Net Debt is 0.86. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Debt in the same time period over historical financial statements of AXISCADES Technologies Limited, assuming nothing else is changed. The correlation between historical values of AXISCADES Technologies' Inventory 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 Inventory of AXISCADES Technologies Limited 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 Inventory i.e., AXISCADES Technologies' Inventory and Net Debt go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Inventory

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 AXISCADES Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AXISCADES Technologies 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 AXISCADES Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
The current year's Issuance Of Capital Stock is expected to grow to about 2.3 B, whereas Selling General Administrative is forecasted to decline to about 233 M.
 2021 2022 2023 2024 (projected)
Interest Expense89.8M359.0M563.7M591.9M
Depreciation And Amortization251.1M265.7M337.9M354.8M

AXISCADES Technologies fundamental ratios Correlations

0.890.620.820.950.990.850.590.970.840.890.980.840.890.90.820.810.970.980.460.830.90.850.890.20.89
0.890.250.590.870.840.980.540.80.770.960.910.640.920.890.660.810.840.920.240.650.970.730.960.020.73
0.620.250.890.440.670.210.390.720.280.30.560.670.380.450.730.190.730.510.570.670.340.710.290.380.67
0.820.590.890.650.840.530.650.870.470.620.780.860.640.690.90.380.90.750.510.860.650.910.590.310.87
0.950.870.440.650.930.820.590.880.90.90.950.770.820.880.680.930.850.970.310.770.870.730.880.20.84
0.990.840.670.840.930.80.610.980.810.870.950.850.860.880.820.770.970.960.470.850.850.870.870.260.88
0.850.980.210.530.820.80.380.770.770.90.860.560.940.860.610.790.810.880.290.560.940.670.96-0.060.63
0.590.540.390.650.590.610.380.540.350.690.60.770.370.550.590.360.560.620.00.790.570.70.490.370.78
0.970.80.720.870.880.980.770.540.810.780.930.860.880.810.870.710.980.910.60.860.810.820.80.120.88
0.840.770.280.470.90.810.770.350.810.750.830.670.820.730.610.880.730.820.460.680.720.540.8-0.030.7
0.890.960.30.620.90.870.90.690.780.750.90.70.830.930.630.810.820.950.150.710.930.790.960.270.78
0.980.910.560.780.950.950.860.60.930.830.90.810.880.90.810.830.940.980.410.80.920.820.890.160.89
0.840.640.670.860.770.850.560.770.860.670.70.810.70.650.890.520.840.780.470.970.630.840.630.230.95
0.890.920.380.640.820.860.940.370.880.820.830.880.70.80.760.720.890.860.540.70.860.710.91-0.080.72
0.90.890.450.690.880.880.860.550.810.730.930.90.650.80.680.810.860.950.210.670.880.850.930.380.76
0.820.660.730.90.680.820.610.590.870.610.630.810.890.760.680.440.880.750.570.90.640.860.620.10.9
0.810.810.190.380.930.770.790.360.710.880.810.830.520.720.810.440.660.860.190.520.80.50.830.120.62
0.970.840.730.90.850.970.810.560.980.730.820.940.840.890.860.880.660.920.540.840.850.890.840.180.87
0.980.920.510.750.970.960.880.620.910.820.950.980.780.860.950.750.860.920.330.770.930.840.930.250.86
0.460.240.570.510.310.470.290.00.60.460.150.410.470.540.210.570.190.540.330.470.270.350.26-0.160.36
0.830.650.670.860.770.850.560.790.860.680.710.80.970.70.670.90.520.840.770.470.640.820.640.220.96
0.90.970.340.650.870.850.940.570.810.720.930.920.630.860.880.640.80.850.930.270.640.740.920.030.72
0.850.730.710.910.730.870.670.70.820.540.790.820.840.710.850.860.50.890.840.350.820.740.760.460.86
0.890.960.290.590.880.870.960.490.80.80.960.890.630.910.930.620.830.840.930.260.640.920.760.190.71
0.20.020.380.310.20.26-0.060.370.12-0.030.270.160.23-0.080.380.10.120.180.25-0.160.220.030.460.190.24
0.890.730.670.870.840.880.630.780.880.70.780.890.950.720.760.90.620.870.860.360.960.720.860.710.24
Click cells to compare fundamentals

AXISCADES Technologies Account Relationship Matchups

AXISCADES Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.6B7.4B7.9B9.0B11.4B12.0B
Short Long Term Debt Total1.7B1.0B720.6M3.5B3.2B3.3B
Other Current Liab1.9B1.8B2.4B720.8M805.4M760.5M
Total Current Liabilities4.1B3.4B4.4B3.6B3.4B1.8B
Total Stockholder Equity3.2B3.0B3.3B3.4B5.9B6.1B
Property Plant And Equipment Net1.7B1.7B1.6B1.7B2.2B2.3B
Net Debt1.3B553.8M113.6M2.7B2.6B2.8B
Cash447.8M487.2M606.9M750.7M556.1M311.6M
Non Current Assets Total4.6B3.8B3.6B3.7B4.8B5.0B
Non Currrent Assets Other469.1M263.8M237.3M308.3M1.0B1.1B
Cash And Short Term Investments736.4M899.0M775.1M1.9B1.7B1.8B
Net Receivables2.6B2.0B2.4B2.9B3.4B3.6B
Liabilities And Stockholders Equity8.6B7.4B7.9B9.0B11.4B12.0B
Non Current Liabilities Total1.3B987.0M221.1M2.0B2.0B2.1B
Inventory196.1M233.0M515.8M658.5M693.3M728.0M
Other Current Assets839.6M470.6M773.4M819.5M819.2M424.0M
Total Liab5.4B4.4B4.6B5.6B5.5B5.7B
Total Current Assets4.0B3.6B4.3B5.4B6.6B7.0B
Accumulated Other Comprehensive Income(419.7M)649.2M756.7M853.4M908.4M953.8M
Intangible Assets400.0M352.5M289.8M262.0M306.3M310.0M
Short Term Debt1.2B623.3M605.0M1.5B1.5B1.6B
Accounts Payable498.2M506.2M695.3M750.9M637.3M423.4M
Short Term Investments288.6M411.8M168.2M1.1B1.2B1.2B
Current Deferred Revenue(1.2B)1.8B2.4B645.8M428.7M307.5M
Retained Earnings1.4B1.1B1.3B1.3B1.6B1.1B
Good Will1.7B1.0B1.1B1.1B1.6B1.0B
Other Liab1.1B733.4M569.3M105.6M121.4M115.3M
Net Tangible Assets720.0M1.1B1.6B1.9B2.2B1.4B
Other Assets966.6M830.5M713.6M209.8M241.3M229.2M
Long Term Debt389.3M208.3M4.5M1.7B1.1B1.1B
Short Long Term Debt1.1B306.1M483.6M1.4B1.3B745.1M
Property Plant Equipment1.5B1.5B1.5B1.7B2.0B1.2B
Long Term Debt Total564.3M417.7M4.5M1.9B2.2B2.3B
Net Invested Capital4.6B3.5B3.8B6.5B8.2B5.6B
Net Working Capital(58.4M)240.3M(32.8M)1.8B3.2B3.3B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in AXISCADES Stock

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