Arts Long Term Debt vs Other Current Assets Analysis
ARTW Stock | USD 1.74 0.01 0.57% |
Arts Way financial indicator trend analysis is way more than just evaluating Arts Way Manufacturing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Arts Way Manufacturing is a good investment. Please check the relationship between Arts Way Long Term Debt and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arts Way Manufacturing Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Long Term Debt vs Other Current Assets
Long Term Debt vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Arts Way Manufacturing Long Term Debt account and Other Current Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Arts Way's Long Term Debt and Other Current Assets is 0.05. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Arts Way Manufacturing Co, assuming nothing else is changed. The correlation between historical values of Arts Way's Long Term Debt and Other 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 Long Term Debt of Arts Way Manufacturing Co are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Long Term Debt i.e., Arts Way's Long Term Debt and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Arts Way Manufacturing has held for over one year. Long-term debt appears on Arts Way Manufacturing Co 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 Arts Way Manufacturing Co 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 Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Arts Way's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Arts Way Manufacturing 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 Arts Way Manufacturing Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Arts Way's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 12.18 in 2024, whereas Discontinued Operations is likely to drop (61.4 K) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 453.9K | 590.0K | 531.0K | 385.3K | Depreciation And Amortization | 807.2K | 804.8K | 925.5K | 655.9K |
Arts Way fundamental ratios Correlations
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Arts Way Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Arts Way fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 18.8M | 20.9M | 23.9M | 24.4M | 28.1M | 19.6M | |
Short Long Term Debt Total | 5.2M | 7.0M | 7.7M | 8.2M | 9.4M | 6.2M | |
Other Current Liab | 1.3M | 1.2M | 1.3M | 2.0M | 1.8M | 1.4M | |
Total Current Liabilities | 6.2M | 7.7M | 9.3M | 9.4M | 10.8M | 6.2M | |
Total Stockholder Equity | 9.9M | 10.4M | 11.2M | 11.6M | 13.4M | 10.3M | |
Property Plant And Equipment Net | 5.7M | 5.8M | 6.6M | 5.1M | 5.8M | 5.0M | |
Net Debt | 5.2M | 7.0M | 7.7M | 8.2M | 9.4M | 5.0M | |
Retained Earnings | 6.4M | 6.7M | 6.8M | 7.0M | 8.1M | 8.3M | |
Cash | 2.7K | 2.7K | 5.1K | 4.0K | 3.6K | 3.4K | |
Non Current Assets Total | 8.5M | 8.7M | 9.8M | 9.3M | 10.7M | 6.0M | |
Cash And Short Term Investments | 2.7K | 2.7K | 5.1K | 4.0K | 3.6K | 3.4K | |
Net Receivables | 2.5M | 2.8M | 3.2M | 3.7M | 4.3M | 2.5M | |
Common Stock Shares Outstanding | 4.4M | 4.5M | 4.7M | 5.0M | 5.8M | 3.7M | |
Liabilities And Stockholders Equity | 18.8M | 20.9M | 23.9M | 24.4M | 28.1M | 19.6M | |
Non Current Liabilities Total | 2.7M | 2.8M | 3.5M | 3.4M | 3.9M | 3.1M | |
Inventory | 7.8M | 9.2M | 10.6M | 11.0M | 12.7M | 9.7M | |
Other Current Assets | 61.3K | 121.2K | 343.6K | 328.6K | 295.8K | 337.1K | |
Other Stockholder Equity | 3.4M | 3.7M | 4.3M | 4.6M | 5.3M | 9.3M | |
Total Liab | 8.9M | 10.5M | 12.8M | 12.8M | 14.7M | 9.3M | |
Property Plant And Equipment Gross | 5.2M | 20.3M | 21.6M | 18.6M | 21.4M | 22.5M | |
Total Current Assets | 10.3M | 12.2M | 14.1M | 15.1M | 17.3M | 13.6M | |
Short Term Debt | 2.5M | 4.2M | 4.2M | 4.8M | 5.5M | 3.1M | |
Non Currrent Assets Other | 93.8K | 299.0K | 630.2K | 1.7M | 2.0M | 2.1M | |
Accounts Payable | 2.0M | 1.7M | 2.6M | 2.3M | 2.0M | 2.1M | |
Other Assets | 1.9M | 3.3M | 2.9M | 2.7M | 3.1M | 3.2M | |
Long Term Debt | 2.7M | 2.6M | 2.9M | 2.6M | 3.0M | 3.9M | |
Common Stock | 44.7K | 45.8K | 50.1K | 51.1K | 58.7K | 37.9K | |
Property Plant Equipment | 5.4M | 5.2M | 5.8M | 7.2M | 8.2M | 6.0M | |
Net Tangible Assets | 11.8M | 9.9M | 10.4M | 11.2M | 10.0M | 11.7M | |
Current Deferred Revenue | 474.5K | 559.3K | 1.2M | 351.3K | 404.0K | 439.1K |
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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.When determining whether Arts Way Manufacturing is a strong investment it is important to analyze Arts Way's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Arts Way's future performance. For an informed investment choice regarding Arts Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arts Way Manufacturing Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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Is Arts Way'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 Arts Way. If investors know Arts 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 Arts Way 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 0.584 | Revenue Per Share 5.768 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0152 | Return On Equity (0) |
The market value of Arts Way Manufacturing is measured differently than its book value, which is the value of Arts that is recorded on the company's balance sheet. Investors also form their own opinion of Arts Way's value that differs from its market value or its book value, called intrinsic value, which is Arts Way'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 Arts Way's market value can be influenced by many factors that don't directly affect Arts Way'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 Arts Way's value and its price as these two are different measures arrived at by different means. Investors typically determine if Arts Way is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arts Way'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.