Avante Inventory vs Short Term Debt Analysis
XX Stock | CAD 1.24 0.01 0.81% |
Avante Logixx financial indicator trend analysis is way more than just evaluating Avante Logixx prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avante Logixx is a good investment. Please check the relationship between Avante Logixx Inventory and its Short Term Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Avante Logixx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Inventory vs Short Term Debt
Inventory vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avante Logixx Inventory account and Short Term Debt. At this time, the significance of the direction appears to have weak relationship.
The correlation between Avante Logixx's Inventory and Short Term Debt is 0.33. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Avante Logixx, assuming nothing else is changed. The correlation between historical values of Avante Logixx's Inventory and Short Term 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 Avante Logixx are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Inventory i.e., Avante Logixx's Inventory and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.33 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Inventory
Short Term Debt
Most indicators from Avante Logixx's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avante Logixx 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Avante Logixx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Discontinued Operations is likely to climb to about 1.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 6.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | |
Gross Profit | 7.8M | 8.1M | 2.7M | 2.5M |
Total Revenue | 18.2M | 20.0M | 24.9M | 21.3M |
Avante Logixx fundamental ratios Correlations
Click cells to compare fundamentals
Avante Logixx Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avante Logixx fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 49.1M | 44.1M | 42.9M | 25.6M | 25.2M | 19.2M | |
Total Current Liabilities | 19.1M | 16.0M | 17.9M | 7.4M | 8.9M | 7.1M | |
Total Stockholder Equity | 14.5M | 11.6M | 16.1M | 16.8M | 13.5M | 8.8M | |
Net Debt | 14.6M | 12.3M | 9.4M | (8.0M) | (4.7M) | (4.4M) | |
Retained Earnings | (7.4M) | (10.3M) | (15.7M) | (15.7M) | (18.7M) | (17.8M) | |
Accounts Payable | 10.0M | 10.4M | 6.2M | 4.2M | 4.6M | 4.5M | |
Cash | 1.3M | 1.6M | 354.1K | 10.1M | 6.0M | 6.3M | |
Cash And Short Term Investments | 1.3M | 1.6M | 354.1K | 10.1M | 6.0M | 6.3M | |
Liabilities And Stockholders Equity | 49.1M | 44.1M | 42.9M | 25.6M | 25.2M | 19.2M | |
Other Current Assets | 771.1K | 496.6K | 29.6M | 192.7K | 591.8K | 562.2K | |
Other Stockholder Equity | 1.5M | 1.5M | 1.6M | 2.3M | 2.4M | 3.0M | |
Total Liab | 34.2M | 32.5M | 26.9M | 8.8M | 11.7M | 10.3M | |
Total Current Assets | 21.0M | 22.6M | 35.0M | 17.3M | 15.4M | 11.1M | |
Net Receivables | 17.1M | 18.9M | 4.1M | 6.1M | 7.7M | 5.4M | |
Other Current Liab | 158.5K | 3.0M | 8.5M | 1.4M | 1.6M | 1.4M | |
Property Plant And Equipment Net | 4.0M | 3.9M | 1.7M | 2.4M | 2.3M | 1.5M | |
Current Deferred Revenue | 3.2M | 3.0M | 2.3M | 2.1M | 2.4M | 2.4M | |
Non Current Assets Total | 28.1M | 21.5M | 8.0M | 8.3M | 9.8M | 9.2M | |
Inventory | 1.8M | 1.6M | 936.2K | 929.4K | 1.1M | 1.2M | |
Short Long Term Debt Total | 16.0M | 13.9M | 9.7M | 2.1M | 1.4M | 1.3M | |
Non Current Liabilities Total | 15.1M | 16.4M | 9.0M | 1.4M | 2.8M | 4.4M | |
Short Term Debt | 5.7M | 2.6M | 949.0K | 1.1M | 562.1K | 533.9K | |
Net Tangible Assets | 2.6M | (6.8M) | (4.0M) | 11.3M | 10.2M | 10.7M | |
Other Assets | (2.0) | (1.0) | 2.0 | 1.0 | 0.9 | 0.86 | |
Short Long Term Debt | 4.9M | 1.9M | 443.4K | 500K | 89.7K | 85.2K | |
Intangible Assets | 10.6M | 5.9M | 1.7M | 1.9M | 2.5M | 4.4M | |
Property Plant Equipment | 2.3M | 3.8M | 3.7M | 1.7M | 1.9M | 2.0M | |
Other Liab | 1.6M | 4.9M | 5.2M | 8.8M | 10.1M | 10.6M | |
Long Term Debt | 516.1K | 8.6M | 9.9M | 8.4M | 9.7M | 10.2M | |
Good Will | 8.2M | 10.5M | 9.6M | 3.0M | 4.5M | 5.5M | |
Non Currrent Assets Other | 98.8K | 275.5K | 13.4K | (1.0) | (0.9) | (0.85) | |
Capital Lease Obligations | 2.4M | 2.2M | 840.7K | 1.6M | 1.4M | 1.3M | |
Net Invested Capital | 28.0M | 23.4M | 24.9M | 17.3M | 13.6M | 15.9M | |
Net Working Capital | 1.9M | 6.6M | 17.1M | 9.9M | 6.5M | 7.3M |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Avante Stock Analysis
When running Avante Logixx's price analysis, check to measure Avante Logixx's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avante Logixx is operating at the current time. Most of Avante Logixx's value examination focuses on studying past and present price action to predict the probability of Avante Logixx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avante Logixx's price. Additionally, you may evaluate how the addition of Avante Logixx to your portfolios can decrease your overall portfolio volatility.