Axita Other Stockholder Equity vs Total Current Assets Analysis

AXITA Stock   11.51  0.13  1.12%   
Axita Cotton financial indicator trend analysis is way more than just evaluating Axita Cotton Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Axita Cotton Limited is a good investment. Please check the relationship between Axita Cotton Other Stockholder Equity and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axita Cotton 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 nation.

Other Stockholder Equity vs Total Current Assets

Other Stockholder Equity vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Axita Cotton Limited Other Stockholder Equity account and Total Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Axita Cotton's Other Stockholder Equity and Total Current Assets is -0.69. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Axita Cotton Limited, assuming nothing else is changed. The correlation between historical values of Axita Cotton's Other Stockholder Equity and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Axita Cotton Limited are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Other Stockholder Equity i.e., Axita Cotton's Other Stockholder Equity and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.69
Relationship DirectionNegative 
Relationship StrengthWeak

Other Stockholder Equity

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Axita Cotton's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Axita Cotton Limited 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 Axita Cotton 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 nation.
As of the 21st of December 2024, Selling General Administrative is likely to grow to about 23.6 M, while Tax Provision is likely to drop about 53.4 M.
 2021 2022 2023 2024 (projected)
Interest Expense17.1M3.4M8.0M16.0M
Depreciation And Amortization5.0M10.6M12.6M6.9M

Axita Cotton fundamental ratios Correlations

0.150.620.880.750.250.51-0.390.640.780.880.230.620.210.870.960.7-0.460.340.530.891.00.160.830.19-0.72
0.150.060.00.270.140.160.770.24-0.290.090.21-0.210.010.06-0.04-0.140.110.720.320.010.140.930.250.00.01
0.620.060.830.12-0.30.98-0.33-0.020.680.7-0.33-0.04-0.190.670.720.47-0.560.010.80.830.650.240.260.330.0
0.880.00.830.44-0.220.71-0.440.290.920.74-0.250.480.010.710.950.59-0.690.10.661.00.90.120.580.21-0.38
0.750.270.120.440.610.060.020.980.280.670.60.510.410.670.610.58-0.150.740.20.460.720.180.980.06-0.92
0.250.14-0.3-0.220.61-0.26-0.010.71-0.270.411.00.140.310.450.060.310.490.45-0.16-0.190.19-0.040.49-0.03-0.68
0.510.160.980.710.06-0.26-0.2-0.070.510.67-0.28-0.24-0.250.640.590.36-0.460.080.820.710.530.350.180.330.1
-0.390.77-0.33-0.440.02-0.01-0.20.05-0.69-0.410.05-0.470.0-0.43-0.53-0.440.240.63-0.05-0.44-0.40.71-0.05-0.090.26
0.640.24-0.020.290.980.71-0.070.050.150.60.710.490.460.610.50.520.040.730.10.320.610.10.93-0.03-0.94
0.78-0.290.680.920.28-0.270.51-0.690.150.59-0.310.660.040.570.90.55-0.64-0.220.440.920.81-0.20.430.14-0.36
0.880.090.70.740.670.410.67-0.410.60.590.380.280.131.00.850.68-0.230.360.650.770.870.110.710.17-0.64
0.230.21-0.33-0.250.61.0-0.280.050.71-0.310.380.140.310.410.030.290.520.48-0.16-0.210.170.010.48-0.06-0.66
0.62-0.21-0.040.480.510.14-0.24-0.470.490.660.280.140.340.280.620.39-0.25-0.04-0.110.490.62-0.320.57-0.13-0.69
0.210.01-0.190.010.410.31-0.250.00.460.040.130.310.340.140.170.270.290.2-0.10.040.19-0.20.38-0.13-0.46
0.870.060.670.710.670.450.64-0.430.610.571.00.410.280.140.830.67-0.20.350.610.740.850.080.710.18-0.65
0.96-0.040.720.950.610.060.59-0.530.50.90.850.030.620.170.830.69-0.530.150.530.960.970.010.730.23-0.63
0.7-0.140.470.590.580.310.36-0.440.520.550.680.290.390.270.670.69-0.350.170.230.590.69-0.210.660.34-0.59
-0.460.11-0.56-0.69-0.150.49-0.460.240.04-0.64-0.230.52-0.250.29-0.2-0.53-0.350.06-0.33-0.64-0.49-0.14-0.28-0.350.02
0.340.720.010.10.740.450.080.630.73-0.220.360.48-0.040.20.350.150.170.060.310.120.320.630.67-0.08-0.47
0.530.320.80.660.2-0.160.82-0.050.10.440.65-0.16-0.11-0.10.610.530.23-0.330.310.670.550.430.25-0.210.0
0.890.010.831.00.46-0.190.71-0.440.320.920.77-0.210.490.040.740.960.59-0.640.120.670.910.120.60.19-0.41
1.00.140.650.90.720.190.53-0.40.610.810.870.170.620.190.850.970.69-0.490.320.550.910.160.810.19-0.69
0.160.930.240.120.18-0.040.350.710.1-0.20.110.01-0.32-0.20.080.01-0.21-0.140.630.430.120.160.180.150.14
0.830.250.260.580.980.490.18-0.050.930.430.710.480.570.380.710.730.66-0.280.670.250.60.810.180.16-0.9
0.190.00.330.210.06-0.030.33-0.09-0.030.140.17-0.06-0.13-0.130.180.230.34-0.35-0.08-0.210.190.190.150.16-0.04
-0.720.010.0-0.38-0.92-0.680.10.26-0.94-0.36-0.64-0.66-0.69-0.46-0.65-0.63-0.590.02-0.470.0-0.41-0.690.14-0.9-0.04
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Axita Cotton Account Relationship Matchups

Axita Cotton fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets643.1M1.1B1.1B808.0M983.8M578.3M
Short Long Term Debt Total154.3M145.3M139.5M60.2M253.2M145.0M
Other Current Liab106.0M220.0M43.1M17.5M11.1M10.5M
Total Current Liabilities462.3M843.1M726.3M223.6M285.3M316.4M
Total Stockholder Equity180.9M218.2M364.8M523.7M645.6M677.9M
Property Plant And Equipment Net34.0M32.1M31.9M98.1M88.6M54.4M
Current Deferred Revenue107.4M227.7M(4.2M)19.4M11.5M10.9M
Net Debt114.7M40.8M(35.4M)(21.1M)195.5M205.3M
Retained Earnings18.2M55.5M166.1M327.1M384.8M404.0M
Accounts Payable209.5M476.3M664.6M141.1M32.9M31.3M
Cash30.6M98.7M35.4M81.3M57.7M31.8M
Non Current Assets Total34.9M32.1M32.1M101.7M100.6M57.8M
Non Currrent Assets Other1.0(138K)31.9M9.0M11.6M6.2M
Cash And Short Term Investments30.6M98.7M35.4M90.3M57.7M32.7M
Net Receivables407.6M710.7M730.3M441.5M383.1M306.1M
Common Stock Shares Outstanding75.1M159.4M262.1M262.1M257.4M232.6M
Liabilities And Stockholders Equity643.1M1.1B1.1B808.0M983.8M578.3M
Non Current Liabilities Total0.6211.0M1K60.8M52.8M27.6M
Inventory54.1M80.1M133K69.6M191.6M201.2M
Other Current Assets16.0M860.6M68.9M20.1M254.6M175.3M
Total Liab462.3M854.1M726.3M284.3M338.1M354.3M
Total Current Assets608.2M1.0B1.1B706.3M883.2M520.5M
Short Term Debt150.8M145.3M130.6M4.2M201.7M107.2M
Short Term Investments2.0M29.1M1.5M9.0M1.6M1.6M
Other Stockholder Equity31.6M42.5M(362.6M)(523.7M)(384.8M)(365.5M)

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Other Information on Investing in Axita Stock

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