Alpha Total Current Liabilities vs Retained Earnings Analysis

APT Stock

USD 5.05 0.06 1.17%

Alpha Pro financial indicator trend analysis is way more than just evaluating Alpha Pro Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alpha Pro Tech is a good investment. Please check the relationship between Alpha Pro Total Current Liabilities and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alpha Pro Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Total Current Liabilities vs Retained Earnings

Total Current Liabilities vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alpha Pro Tech Total Current Liabilities account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.

The correlation between Alpha Pro's Total Current Liabilities and Retained Earnings is 0.35. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Alpha Pro Tech, assuming nothing else is changed. The correlation between historical values of Alpha Pro's Total Current Liabilities and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Alpha Pro Tech are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Liabilities i.e., Alpha Pro's Total Current Liabilities and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Alpha Pro balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Alpha Pro Tech are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Alpha Pro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alpha Pro Tech 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 Alpha Pro Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

At this time, Alpha Pro's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.31 in 2024, whereas Selling General Administrative is likely to drop slightly above 12.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	25.3M	21.7M	21.9M	17.9M
Total Revenue	68.6M	62.0M	61.2M	44.1M

Gross Profit Total Revenue

Alpha Pro fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.27	0.38	0.3	1.0	0.7	0.3	-0.83	0.87	-0.11	0.78	0.75	-0.52	0.79	0.72	-0.69	-0.56	0.75	0.56	0.87	0.81	-0.49	0.68	0.42	0.99	0.3
Short Long Term Debt Total	0.27		0.48	0.01	0.25	0.54	0.13	-0.48	0.34	-0.14	0.55	0.56	-0.06	0.57	0.32	-0.23	-0.11	0.4	0.68	0.11	0.39	0.13	0.27	0.73	0.25	-0.27
Other Current Liab	0.38	0.48		0.64	0.34	0.23	-0.28	-0.54	0.43	0.42	0.49	0.35	0.24	0.52	0.5	-0.41	-0.32	0.27	0.26	0.04	0.38	-0.43	0.54	0.13	0.38	-0.11
Total Current Liabilities	0.3	0.01	0.64		0.23	0.32	0.13	-0.46	0.35	0.79	0.5	0.33	0.4	0.49	0.42	-0.35	-0.46	0.44	0.3	-0.06	0.26	-0.45	0.78	0.17	0.29	0.56
Total Stockholder Equity	1.0	0.25	0.34	0.23		0.67	0.29	-0.82	0.87	-0.17	0.76	0.73	-0.57	0.77	0.71	-0.67	-0.53	0.72	0.52	0.9	0.82	-0.48	0.61	0.39	0.99	0.24
Property Plant And Equipment Net	0.7	0.54	0.23	0.32	0.67		0.72	-0.75	0.83	-0.17	0.88	0.98	-0.32	0.86	0.48	-0.64	-0.62	0.9	0.92	0.55	0.72	-0.36	0.67	0.89	0.65	0.54
Current Deferred Revenue	0.3	0.13	-0.28	0.13	0.29	0.72		-0.38	0.43	-0.15	0.53	0.62	-0.26	0.5	0.02	-0.36	-0.45	0.74	0.64	0.32	0.49	-0.09	0.34	0.76	0.27	0.62
Net Debt	-0.83	-0.48	-0.54	-0.46	-0.82	-0.75	-0.38		-0.87	-0.09	-0.96	-0.79	0.36	-0.97	-0.68	0.6	0.49	-0.82	-0.62	-0.63	-0.88	0.41	-0.62	-0.59	-0.84	-0.2
Retained Earnings	0.87	0.34	0.43	0.35	0.87	0.83	0.43	-0.87		-0.19	0.87	0.91	-0.4	0.87	0.65	-0.81	-0.71	0.81	0.64	0.71	0.84	-0.7	0.6	0.55	0.85	0.36
Accounts Payable	-0.11	-0.14	0.42	0.79	-0.17	-0.17	-0.15	-0.09	-0.19		0.08	-0.21	0.55	0.08	0.17	0.19	0.07	0.02	-0.11	-0.34	-0.1	0.05	0.41	-0.16	-0.09	0.2
Cash	0.78	0.55	0.49	0.5	0.76	0.88	0.53	-0.96	0.87	0.08		0.9	-0.3	0.99	0.62	-0.63	-0.56	0.89	0.78	0.56	0.84	-0.4	0.7	0.75	0.77	0.36
Non Current Assets Total	0.75	0.56	0.35	0.33	0.73	0.98	0.62	-0.79	0.91	-0.21	0.9		-0.31	0.88	0.53	-0.74	-0.68	0.87	0.87	0.58	0.76	-0.49	0.66	0.82	0.71	0.46
Non Currrent Assets Other	-0.52	-0.06	0.24	0.4	-0.57	-0.32	-0.26	0.36	-0.4	0.55	-0.3	-0.31		-0.32	-0.21	0.01	-0.15	-0.41	-0.28	-0.81	-0.57	-0.08	0.04	-0.18	-0.57	0.09
Cash And Short Term Investments	0.79	0.57	0.52	0.49	0.77	0.86	0.5	-0.97	0.87	0.08	0.99	0.88	-0.32		0.64	-0.62	-0.54	0.91	0.79	0.58	0.87	-0.39	0.71	0.74	0.79	0.31
Net Receivables	0.72	0.32	0.5	0.42	0.71	0.48	0.02	-0.68	0.65	0.17	0.62	0.53	-0.21	0.64		-0.44	-0.33	0.56	0.39	0.52	0.63	-0.37	0.56	0.29	0.74	0.1
Common Stock Total Equity	-0.69	-0.23	-0.41	-0.35	-0.67	-0.64	-0.36	0.6	-0.81	0.19	-0.63	-0.74	0.01	-0.62	-0.44		0.96	-0.56	-0.46	-0.4	-0.53	0.84	-0.58	-0.44	-0.62	-0.42
Common Stock Shares Outstanding	-0.56	-0.11	-0.32	-0.46	-0.53	-0.62	-0.45	0.49	-0.71	0.07	-0.56	-0.68	-0.15	-0.54	-0.33	0.96		-0.54	-0.45	-0.25	-0.42	0.83	-0.62	-0.44	-0.48	-0.59
Short Term Investments	0.75	0.4	0.27	0.44	0.72	0.9	0.74	-0.82	0.81	0.02	0.89	0.87	-0.41	0.91	0.56	-0.56	-0.54		0.84	0.63	0.88	-0.32	0.7	0.78	0.74	0.5
Non Current Liabilities Total	0.56	0.68	0.26	0.3	0.52	0.92	0.64	-0.62	0.64	-0.11	0.78	0.87	-0.28	0.79	0.39	-0.46	-0.45	0.84		0.4	0.6	-0.13	0.69	0.91	0.52	0.44
Inventory	0.87	0.11	0.04	-0.06	0.9	0.55	0.32	-0.63	0.71	-0.34	0.56	0.58	-0.81	0.58	0.52	-0.4	-0.25	0.63	0.4		0.76	-0.26	0.34	0.29	0.89	0.13
Other Current Assets	0.81	0.39	0.38	0.26	0.82	0.72	0.49	-0.88	0.84	-0.1	0.84	0.76	-0.57	0.87	0.63	-0.53	-0.42	0.88	0.6	0.76		-0.35	0.48	0.57	0.83	0.13
Other Stockholder Equity	-0.49	0.13	-0.43	-0.45	-0.48	-0.36	-0.09	0.41	-0.7	0.05	-0.4	-0.49	-0.08	-0.39	-0.37	0.84	0.83	-0.32	-0.13	-0.26	-0.35		-0.42	-0.03	-0.44	-0.42
Total Liab	0.68	0.27	0.54	0.78	0.61	0.67	0.34	-0.62	0.6	0.41	0.7	0.66	0.04	0.71	0.56	-0.58	-0.62	0.7	0.69	0.34	0.48	-0.42		0.49	0.64	0.65
Property Plant And Equipment Gross	0.42	0.73	0.13	0.17	0.39	0.89	0.76	-0.59	0.55	-0.16	0.75	0.82	-0.18	0.74	0.29	-0.44	-0.44	0.78	0.91	0.29	0.57	-0.03	0.49		0.38	0.33
Total Current Assets	0.99	0.25	0.38	0.29	0.99	0.65	0.27	-0.84	0.85	-0.09	0.77	0.71	-0.57	0.79	0.74	-0.62	-0.48	0.74	0.52	0.89	0.83	-0.44	0.64	0.38		0.23
Short Term Debt	0.3	-0.27	-0.11	0.56	0.24	0.54	0.62	-0.2	0.36	0.2	0.36	0.46	0.09	0.31	0.1	-0.42	-0.59	0.5	0.44	0.13	0.13	-0.42	0.65	0.33	0.23

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Alpha Pro Account Relationship Matchups

Alpha Pro fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.1M	68.8M	67.9M	64.8M	68.8M	35.3M
Other Current Liab	920K	2.8M	1.3M	69K	1.1M	1.2M
Total Current Liabilities	2.3M	5.9M	2.7M	2.4M	2.6M	2.8M
Total Stockholder Equity	33.2M	60.0M	62.6M	60.8M	61.6M	31.3M
Property Plant And Equipment Net	6.2M	7.9M	8.7M	7.5M	10.4M	10.9M
Net Debt	(3.3M)	(19.7M)	(13.6M)	(14.5M)	(15.5M)	(14.8M)
Retained Earnings	32.4M	59.5M	62.5M	62.1M	46.6M	48.9M
Accounts Payable	501K	2.0M	528K	674K	802K	820.1K
Cash	6.5M	23.3M	16.3M	16.3M	20.4M	21.4M
Non Current Assets Total	11.1M	13.5M	14.9M	12.2M	15.7M	16.5M
Non Currrent Assets Other	(224K)	(211K)	(791K)	(764K)	(442K)	(464.1K)
Cash And Short Term Investments	6.9M	23.3M	16.3M	16.3M	20.4M	21.4M
Net Receivables	4.3M	9.0M	4.8M	7.0M	6.5M	5.1M
Common Stock Total Equity	143K	135K	129K	123K	110.7K	161.8K
Common Stock Shares Outstanding	13.2M	14.0M	13.5M	12.8M	11.9M	16.3M
Short Term Investments	343K	258K	335K	5.5M	6.4M	6.7M
Liabilities And Stockholders Equity	38.1M	68.8M	67.9M	64.8M	68.8M	35.3M
Non Current Liabilities Total	2.6M	2.9M	2.6M	1.6M	4.6M	4.9M
Inventory	11.3M	16.7M	25.0M	24.4M	20.1M	12.6M
Other Current Assets	898K	6.2M	6.9M	6.5M	6.0M	6.3M
Other Stockholder Equity	657K	409.0K	132K	(1.5M)	16.3M	15.5M
Total Liab	4.9M	8.8M	5.3M	4.0M	7.2M	4.0M
Property Plant And Equipment Gross	6.2M	7.9M	8.7M	7.5M	24.0M	25.2M
Total Current Assets	26.9M	55.3M	53.0M	52.6M	53.1M	28.2M
Intangible Assets	11K	7K	3K	1K	900.0	855.0
Property Plant Equipment	3.9M	4.4M	8.7M	5.7M	6.6M	4.1M
Net Tangible Assets	33.2M	60.0M	62.6M	60.7M	69.8M	45.0M
Retained Earnings Total Equity	29.4M	32.4M	59.5M	62.1M	71.4M	75.0M
Long Term Investments	4.8M	5.5M	6.1M	4.7M	5.2M	4.4M
Other Liab	224K	211K	791K	764K	687.6K	605.7K
Net Invested Capital	33.2M	60.0M	62.6M	60.8M	61.6M	53.7M

Pair Trading with Alpha Pro

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 Alpha Pro 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 Alpha Pro will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alpha Stock

0.79

Quanex Building Products Fiscal Year End 12th of December 2024

Pair Corr

Moving against Alpha Stock

0.84	ASPN	Aspen Aerogels	Pair Corr
0.76	TT	Trane Technologies plc	Pair Corr
0.76	ANSLY	Ansell Ltd ADR	Pair Corr
0.76	JCI	Johnson Controls Int Fiscal Year End 10th of December 2024	Pair Corr
0.76	LPX	Louisiana Pacific	Pair Corr

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

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

Additional Tools for Alpha Stock Analysis

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

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