AstroNova Long Term Debt vs Other Stockholder Equity Analysis
ALOT Stock | USD 17.61 0.36 2.09% |
AstroNova financial indicator trend analysis is way more than just evaluating AstroNova prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AstroNova is a good investment. Please check the relationship between AstroNova Long Term Debt and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AstroNova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy AstroNova Stock please use our How to Invest in AstroNova guide.
Long Term Debt vs Other Stockholder Equity
Long Term Debt vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AstroNova Long Term Debt account and Other Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between AstroNova's Long Term Debt and Other Stockholder Equity is -0.08. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of AstroNova, assuming nothing else is changed. The correlation between historical values of AstroNova's Long Term Debt and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of AstroNova are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Long Term Debt i.e., AstroNova's Long Term Debt and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.08 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that AstroNova has held for over one year. Long-term debt appears on AstroNova balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on AstroNova balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Other Stockholder Equity
Most indicators from AstroNova's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AstroNova 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 AstroNova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy AstroNova Stock please use our How to Invest in AstroNova guide.At this time, AstroNova's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 16.77 in 2024, whereas Tax Provision is likely to drop slightly above 1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 43.7M | 48.2M | 53.7M | 28.9M | Total Revenue | 117.5M | 142.5M | 148.1M | 155.5M |
AstroNova fundamental ratios Correlations
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AstroNova Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AstroNova fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 116.7M | 115.5M | 115.0M | 138.5M | 133.3M | 139.9M | |
Short Long Term Debt Total | 20.7M | 17.9M | 10.0M | 30.1M | 26.2M | 27.5M | |
Other Current Liab | 10.2M | 9.6M | 10.2M | 9.4M | 6.7M | 4.2M | |
Total Current Liabilities | 26.8M | 21.0M | 20.0M | 37.4M | 29.8M | 31.2M | |
Total Stockholder Equity | 71.4M | 74.7M | 81.0M | 84.4M | 90.3M | 49.4M | |
Property Plant And Equipment Net | 12.9M | 13.4M | 12.5M | 15.1M | 14.8M | 10.0M | |
Net Debt | 16.5M | 6.5M | 4.7M | 26.2M | 21.7M | 22.8M | |
Retained Earnings | 49.3M | 50.1M | 56.5M | 59.2M | 63.9M | 33.7M | |
Cash | 4.2M | 11.4M | 5.3M | 3.9M | 4.5M | 6.9M | |
Non Current Assets Total | 56.5M | 54.8M | 51.2M | 58.7M | 56.7M | 59.5M | |
Non Currrent Assets Other | 1.1M | 1.1M | 1.7M | 1.6M | (17.3M) | (18.2M) | |
Cash And Short Term Investments | 4.2M | 11.4M | 5.3M | 3.9M | 4.5M | 4.3M | |
Net Receivables | 19.8M | 17.4M | 17.1M | 21.6M | 23.1M | 12.1M | |
Common Stock Shares Outstanding | 7.2M | 7.2M | 7.3M | 7.4M | 7.5M | 7.7M | |
Liabilities And Stockholders Equity | 116.7M | 115.5M | 115.0M | 138.5M | 133.3M | 139.9M | |
Non Current Liabilities Total | 18.5M | 19.8M | 13.9M | 16.7M | 13.2M | 13.9M | |
Inventory | 33.9M | 30.1M | 34.6M | 51.3M | 46.4M | 48.7M | |
Other Current Assets | 2.2M | 1.8M | 6.8M | 2.9M | 2.6M | 2.5M | |
Other Stockholder Equity | 22.7M | 24.5M | 25.7M | 26.9M | 28.1M | 17.8M | |
Total Liab | 45.3M | 40.8M | 33.9M | 54.1M | 43.0M | 45.1M | |
Property Plant And Equipment Gross | 12.9M | 13.4M | 11.4M | 56.2M | 57.6M | 60.5M | |
Total Current Assets | 60.2M | 60.7M | 63.8M | 79.8M | 76.6M | 44.9M | |
Accumulated Other Comprehensive Income | (1.1M) | (384K) | (1.7M) | (2.2M) | (2.2M) | (2.3M) | |
Short Term Debt | 11.7M | 5.3M | 1M | 17.5M | 13.7M | 14.4M | |
Intangible Assets | 25.4M | 21.5M | 19.2M | 20.7M | 18.8M | 19.6M | |
Accounts Payable | 4.4M | 5.7M | 8.6M | 8.6M | 8.1M | 4.2M | |
Other Assets | 6.2M | 7.0M | 7.3M | 8.5M | 9.7M | 10.2M | |
Long Term Debt | 7.7M | 11.5M | 8.2M | 12.0M | 10.1M | 5.9M | |
Good Will | 12.0M | 12.8M | 12.2M | 14.7M | 14.6M | 13.9M | |
Common Stock Total Equity | 517K | 521K | 528K | 534K | 614.1K | 455.3K | |
Short Term Investments | 1.5M | 7.5M | 4.2M | 11.4M | 13.2M | 9.9M | |
Treasury Stock | (33.5M) | (33.6M) | (34.0M) | (34.2M) | (30.8M) | (29.3M) | |
Common Stock | 517K | 521K | 528K | 534K | 541K | 460.9K | |
Property Plant Equipment | 11.3M | 13.4M | 11.4M | 14.3M | 16.4M | 10.6M | |
Current Deferred Revenue | 466K | 285K | 262K | 1.9M | 1.3M | 1.4M | |
Other Liab | 9.2M | 7.2M | 4.9M | 4.7M | 5.5M | 4.4M | |
Net Tangible Assets | 34.0M | 40.4M | 81.0M | 48.5M | 43.6M | 44.8M | |
Retained Earnings Total Equity | 49.3M | 50.1M | 56.5M | 59.2M | 68.1M | 45.9M | |
Capital Surpluse | 56.1M | 58.0M | 59.7M | 61.1M | 70.3M | 55.2M | |
Deferred Long Term Liab | 885K | 384K | 186K | 1.3M | 1.5M | 1.6M |
Pair Trading with AstroNova
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AstroNova position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AstroNova will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to AstroNova could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AstroNova when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AstroNova - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AstroNova to buy it.
The correlation of AstroNova is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AstroNova moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AstroNova moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AstroNova can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AstroNova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy AstroNova Stock please use our How to Invest in AstroNova guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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Is AstroNova's industry 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 AstroNova. If investors know AstroNova 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 AstroNova 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 0.995 | Earnings Share 0.63 | Revenue Per Share 19.971 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0522 |
The market value of AstroNova is measured differently than its book value, which is the value of AstroNova that is recorded on the company's balance sheet. Investors also form their own opinion of AstroNova's value that differs from its market value or its book value, called intrinsic value, which is AstroNova'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 AstroNova's market value can be influenced by many factors that don't directly affect AstroNova'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 AstroNova's value and its price as these two are different measures arrived at by different means. Investors typically determine if AstroNova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AstroNova'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.