Great Cash And Short Term Investments vs Accounts Payable Analysis

AJX Stock

USD 3.59 0.02 0.56%

Great Ajax financial indicator trend analysis is much more than just examining Great Ajax Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great Ajax Corp is a good investment. Please check the relationship between Great Ajax Cash And Short Term Investments and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Great Ajax Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.

Cash And Short Term Investments vs Accounts Payable

Cash And Short Term Investments vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Great Ajax Corp Cash And Short Term Investments account and Accounts Payable. At this time, the significance of the direction appears to have very week relationship.

The correlation between Great Ajax's Cash And Short Term Investments and Accounts Payable is 0.27. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Great Ajax Corp, assuming nothing else is changed. The correlation between historical values of Great Ajax's Cash And Short Term Investments and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Great Ajax Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash And Short Term Investments i.e., Great Ajax's Cash And Short Term Investments and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.27

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Great Ajax Corp balance sheet. This account contains Great Ajax investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Great Ajax Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Accounts Payable

An accounting item on the balance sheet that represents Great Ajax obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Great Ajax Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from Great Ajax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Great Ajax Corp 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 Great Ajax Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.

At this time, Great Ajax's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 25 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	15.2M	19.3M	47.6M	30.9M
Total Revenue	31.9M	35.6M	62.7M	39.7M

Gross Profit Total Revenue

Great Ajax fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.93	0.9	0.92	0.95	0.97	0.92	0.35	0.78	0.5	0.44	-0.14	0.65	0.45	0.25	0.91	0.91	0.93	0.71	-0.74	0.94	0.89	0.88	0.03	0.37	0.85
Short Long Term Debt Total	0.93		0.83	0.78	0.97	0.93	1.0	0.1	0.73	0.34	0.44	-0.11	0.58	0.62	0.19	0.79	0.94	0.87	0.6	-0.63	0.95	0.92	0.73	0.1	0.34	0.78
Total Current Liabilities	0.9	0.83		0.86	0.84	0.9	0.81	0.38	0.68	0.56	0.47	-0.04	0.71	0.43	-0.13	0.9	0.77	0.9	0.57	-0.66	0.81	0.72	0.78	-0.03	-0.01	0.99
Total Stockholder Equity	0.92	0.78	0.86		0.81	0.94	0.75	0.41	0.87	0.71	0.18	-0.35	0.81	0.14	0.18	0.87	0.84	0.85	0.52	-0.9	0.89	0.65	0.8	-0.12	0.3	0.81
Other Liab	0.95	0.97	0.84	0.81		0.93	0.97	0.27	0.75	0.34	0.47	-0.06	0.57	0.57	0.26	0.83	0.94	0.85	0.71	-0.63	0.94	0.92	0.83	0.15	0.38	0.77
Net Tangible Assets	0.97	0.93	0.9	0.94	0.93		0.91	0.28	0.82	0.53	0.29	-0.27	0.78	0.36	0.15	0.89	0.94	0.91	0.56	-0.82	0.97	0.8	0.8	-0.04	0.3	0.85
Net Debt	0.92	1.0	0.81	0.75	0.97	0.91		0.08	0.7	0.29	0.45	-0.09	0.55	0.64	0.2	0.78	0.94	0.86	0.6	-0.6	0.94	0.93	0.72	0.13	0.35	0.76
Retained Earnings	0.35	0.1	0.38	0.41	0.27	0.28	0.08		0.18	0.37	0.3	0.28	0.27	-0.13	0.03	0.54	0.06	0.3	0.67	-0.23	0.11	0.12	0.72	0.23	-0.08	0.36
Accounts Payable	0.78	0.73	0.68	0.87	0.75	0.82	0.7	0.18		0.73	0.03	-0.4	0.72	0.13	0.27	0.6	0.83	0.63	0.37	-0.87	0.84	0.59	0.62	-0.24	0.4	0.63
Cash	0.5	0.34	0.56	0.71	0.34	0.53	0.29	0.37	0.73		-0.17	-0.4	0.76	-0.25	-0.08	0.5	0.38	0.52	0.13	-0.79	0.43	0.13	0.42	-0.38	-0.01	0.6
Non Current Assets Total	0.44	0.44	0.47	0.18	0.47	0.29	0.45	0.3	0.03	-0.17		0.77	-0.25	0.85	-0.11	0.52	0.2	0.32	0.72	0.25	0.22	0.64	0.53	0.68	-0.13	0.44
Non Currrent Assets Other	-0.14	-0.11	-0.04	-0.35	-0.06	-0.27	-0.09	0.28	-0.4	-0.4	0.77		-0.57	0.57	-0.34	0.05	-0.37	-0.26	0.4	0.67	-0.36	0.1	0.13	0.75	-0.47	-0.04
Other Assets	0.65	0.58	0.71	0.81	0.57	0.78	0.55	0.27	0.72	0.76	-0.25	-0.57		-0.17	-0.11	0.63	0.67	0.72	0.11	-0.92	0.71	0.28	0.5	-0.4	0.03	0.71
Long Term Debt	0.45	0.62	0.43	0.14	0.57	0.36	0.64	-0.13	0.13	-0.25	0.85	0.57	-0.17		-0.09	0.41	0.4	0.34	0.49	0.18	0.38	0.74	0.34	0.61	-0.03	0.4
Cash And Short Term Investments	0.25	0.19	-0.13	0.18	0.26	0.15	0.2	0.03	0.27	-0.08	-0.11	-0.34	-0.11	-0.09		-0.03	0.33	0.15	0.38	-0.21	0.3	0.36	0.27	-0.18	0.97	-0.21
Net Receivables	0.91	0.79	0.9	0.87	0.83	0.89	0.78	0.54	0.6	0.5	0.52	0.05	0.63	0.41	-0.03		0.72	0.86	0.7	-0.63	0.77	0.72	0.88	0.24	0.05	0.86
Common Stock Total Equity	0.91	0.94	0.77	0.84	0.94	0.94	0.94	0.06	0.83	0.38	0.2	-0.37	0.67	0.4	0.33	0.72		0.83	0.48	-0.77	0.99	0.83	0.68	-0.1	0.49	0.71
Common Stock Shares Outstanding	0.93	0.87	0.9	0.85	0.85	0.91	0.86	0.3	0.63	0.52	0.32	-0.26	0.72	0.34	0.15	0.86	0.83		0.58	-0.73	0.86	0.77	0.76	-0.12	0.28	0.88
Non Current Liabilities Total	0.71	0.6	0.57	0.52	0.71	0.56	0.6	0.67	0.37	0.13	0.72	0.4	0.11	0.49	0.38	0.7	0.48	0.58		-0.21	0.51	0.76	0.91	0.4	0.34	0.51
Other Current Assets	-0.74	-0.63	-0.66	-0.9	-0.63	-0.82	-0.6	-0.23	-0.87	-0.79	0.25	0.67	-0.92	0.18	-0.21	-0.63	-0.77	-0.73	-0.21		-0.8	-0.4	-0.56	0.42	-0.35	-0.64
Other Stockholder Equity	0.94	0.95	0.81	0.89	0.94	0.97	0.94	0.11	0.84	0.43	0.22	-0.36	0.71	0.38	0.3	0.77	0.99	0.86	0.51	-0.8		0.84	0.72	-0.09	0.46	0.74
Total Liab	0.89	0.92	0.72	0.65	0.92	0.8	0.93	0.12	0.59	0.13	0.64	0.1	0.28	0.74	0.36	0.72	0.83	0.77	0.76	-0.4	0.84		0.75	0.22	0.46	0.66
Long Term Investments	0.88	0.73	0.78	0.8	0.83	0.8	0.72	0.72	0.62	0.42	0.53	0.13	0.5	0.34	0.27	0.88	0.68	0.76	0.91	-0.56	0.72	0.75		0.21	0.29	0.72
Short Long Term Debt	0.03	0.1	-0.03	-0.12	0.15	-0.04	0.13	0.23	-0.24	-0.38	0.68	0.75	-0.4	0.61	-0.18	0.24	-0.1	-0.12	0.4	0.42	-0.09	0.22	0.21		-0.25	-0.08
Total Current Assets	0.37	0.34	-0.01	0.3	0.38	0.3	0.35	-0.08	0.4	-0.01	-0.13	-0.47	0.03	-0.03	0.97	0.05	0.49	0.28	0.34	-0.35	0.46	0.46	0.29	-0.25		-0.09
Short Term Debt	0.85	0.78	0.99	0.81	0.77	0.85	0.76	0.36	0.63	0.6	0.44	-0.04	0.71	0.4	-0.21	0.86	0.71	0.88	0.51	-0.64	0.74	0.66	0.72	-0.08	-0.09

Click cells to compare fundamentals

Great Ajax Account Relationship Matchups

Great Ajax fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	1.7B	1.8B	1.5B	1.3B	1.4B
Short Long Term Debt Total	771.5M	695.5M	678.4M	677.5M	997.3M	675.7M
Total Current Liabilities	421.2M	443.8M	580.8M	106.0M	375.7M	341.7M
Total Stockholder Equity	359.9M	485.4M	497.3M	335.3M	308.9M	356.4M
Net Tangible Assets	359.9M	370.2M	382.2M	300.8M	345.9M	325.9M
Net Debt	707.2M	588.3M	594.0M	629.7M	944.5M	611.3M
Retained Earnings	49.4M	53.3M	66.4M	13.3M	(54.4M)	(51.7M)
Accounts Payable	7.1M	22.6M	11.1M	11.4M	13.2M	8.9M
Cash	64.3M	107.1M	84.4M	47.8M	52.8M	64.4M
Non Current Assets Total	319.3M	393.9M	521.8M	421.8M	407.8M	552.7M
Non Currrent Assets Other	(1.5M)	(719K)	(521.8M)	(421.8M)	(323.4M)	(307.2M)
Other Assets	1.2B	1.1B	1.1B	25.7M	744.1M	458.1M
Long Term Debt	118.8M	110.1M	102.8M	210.3M	621.6M	383.4M
Cash And Short Term Investments	64.3M	107.1M	84.4M	1.0B	52.8M	50.2M
Net Receivables	17.0M	15.8M	20.9M	7.5M	7.3M	13.1M
Common Stock Total Equity	222K	231K	233K	241K	277.2K	213.5K
Common Stock Shares Outstanding	28.2M	22.6M	30.3M	23.0M	24.3M	24.9M
Liabilities And Stockholders Equity	1.6B	1.7B	1.8B	1.5B	1.3B	1.4B
Non Current Liabilities Total	771.5M	695.5M	678.4M	1.0B	103.5M	98.3M
Other Current Assets	(81.4M)	(124.0M)	(109.6M)	(57.2M)	(60.1M)	(63.1M)
Other Stockholder Equity	308.9M	316.3M	314.5M	312.9M	342.5M	299.8M
Total Liab	771.5M	695.5M	678.4M	1.1B	1.0B	860.0M
Long Term Investments	1.5B	1.5B	1.5B	1.2B	323.4M	307.2M
Total Current Assets	81.4M	122.9M	105.3M	1.0B	184.4M	174.0M
Short Term Debt	414.1M	421.1M	546.1M	106.0M	375.7M	341.6M
Common Stock	222K	231K	233K	241K	285K	223.5K
Property Plant Equipment	1.5M	719K	6.1M	6.3M	7.3M	4.3M
Other Current Liab	7.1M	22.6M	34.7M	(375.7M)	(338.2M)	(321.3M)
Noncontrolling Interest In Consolidated Entity	24.2M	29.1M	3.2M	2.1M	1.9M	1.8M
Retained Earnings Total Equity	49.4M	53.3M	66.4M	13.3M	15.3M	14.5M
Long Term Debt Total	118.8M	110.1M	102.8M	210.3M	189.3M	278.0M
Capital Surpluse	309.4M	317.4M	316.2M	322.4M	370.8M	307.6M
Accumulated Other Comprehensive Income	1.3M	375K	1.0M	(25.6M)	(14.0M)	(13.3M)
Treasury Stock	(458K)	(1.2M)	(1.7M)	(9.5M)	(8.6M)	(8.1M)

Pair Trading with Great Ajax

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 Great Ajax 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 Great Ajax will appreciate offsetting losses from the drop in the long position's value.

Moving against Great Stock

0.83	SLM	SLM Corp Financial Report 24th of July 2024	Pair Corr
0.78	AXP	American Express Financial Report 19th of July 2024	Pair Corr
0.76	PWP	Perella Weinberg Partners	Pair Corr
0.75	EVGR	Evergreen Corp	Pair Corr
0.7	JEF	Jefferies Financial Normal Trading	Pair Corr

The ability to find closely correlated positions to Great Ajax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Ajax 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 Great Ajax - 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 Great Ajax Corp to buy it.

The correlation of Great Ajax 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 Great Ajax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Ajax Corp 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 Great Ajax 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.

Pair Correlation Correlation Matching

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Great Ajax Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.

You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for Great Stock analysis

When running Great Ajax's price analysis, check to measure Great Ajax'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 Great Ajax is operating at the current time. Most of Great Ajax's value examination focuses on studying past and present price action to predict the probability of Great Ajax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Ajax's price. Additionally, you may evaluate how the addition of Great Ajax to your portfolios can decrease your overall portfolio volatility.

	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market.
	Content Syndication Quickly integrate customizable finance content to your own investment portal
	AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities
	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
	Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
	Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets

Is Great Ajax'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 Great Ajax. If investors know Great 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 Great Ajax 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

(0.50)

Dividend Share

0.51

Earnings Share

(4.08)

Revenue Per Share

(2.62)

Quarterly Revenue Growth

(0.82)

The market value of Great Ajax Corp is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Ajax's value that differs from its market value or its book value, called intrinsic value, which is Great Ajax'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 Great Ajax's market value can be influenced by many factors that don't directly affect Great Ajax'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 Great Ajax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Ajax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Ajax'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Great Cash And Short Term Investments vs Accounts Payable Analysis

Cash And Short Term Investments vs Accounts Payable

Cash And Short Term Investments vs Accounts Payable Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Accounts Payable

Great Ajax fundamental ratios Correlations

Great Ajax Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Great Ajax fundamental ratios Accounts

Pair Trading with Great Ajax

Moving against Great Stock

Complementary Tools for Great Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Short Term Debt	+ 0.99	Total Current Liabilities
Other Stockholder Equity	+ 0.99	Common Stock Total Equity
Net Tangible Assets	+ 0.97	Total Assets
Other Liab	+ 0.97	Short Long Term Debt Total
Net Debt	+ 0.97	Other Liab

Other Current Assets	- 0.92	Other Assets
Other Current Assets	- 0.9	Total Stockholder Equity
Other Current Assets	- 0.87	Accounts Payable
Other Current Assets	- 0.82	Net Tangible Assets
Other Stockholder Equity	- 0.8	Other Current Assets
Other Current Assets	- 0.79	Cash