AquaBounty Total Current Assets vs Other Current Assets Analysis

AQB Stock

USD 2.00 0.04 1.96%

AquaBounty Technologies financial indicator trend analysis is way more than just evaluating AquaBounty Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AquaBounty Technologies is a good investment. Please check the relationship between AquaBounty Technologies Total Current Assets and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AquaBounty Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.

For information on how to trade AquaBounty Stock refer to our How to Trade AquaBounty Stock guide.

Total Current Assets vs Other Current Assets

Total Current Assets vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AquaBounty Technologies Total Current Assets account and Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between AquaBounty Technologies' Total Current Assets and Other Current Assets is 0.53. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of AquaBounty Technologies, assuming nothing else is changed. The correlation between historical values of AquaBounty Technologies' Total Current Assets 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 Total Current Assets of AquaBounty Technologies 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 Total Current Assets i.e., AquaBounty Technologies' Total Current Assets and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 AquaBounty Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AquaBounty Technologies 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 AquaBounty Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.

For information on how to trade AquaBounty Stock refer to our How to Trade AquaBounty Stock guide.As of May 16, 2024, Selling General Administrative is expected to decline to about 6.5 M. In addition to that, Issuance Of Capital Stock is expected to decline to 0.00

	2023	2024 (projected)
Reconciled Depreciation	2.1M	1.5M
Interest Income	56.4K	38.9K

Reconciled Depreciation Interest Income

AquaBounty Technologies 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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.85	0.43	0.84	1.0	0.78	-0.65	-0.67	-0.9	0.82	0.71	0.78	0.55	0.71	-0.46	-0.09	0.92	0.84	0.89	0.92	0.98	0.93	0.83	0.73	0.0	-0.27
Short Long Term Debt Total	0.85		0.38	0.63	0.86	0.54	-0.41	-0.77	-0.72	0.56	0.8	0.54	0.29	0.76	-0.2	-0.22	0.7	0.97	0.77	0.72	0.81	0.77	0.61	0.77	0.01	-0.31
Other Current Liab	0.43	0.38		0.58	0.42	0.33	-0.64	-0.52	-0.33	0.52	0.52	0.33	-0.04	0.3	-0.08	-0.02	0.37	0.2	0.48	0.59	0.38	0.49	0.47	0.31	0.42	0.0
Total Current Liabilities	0.84	0.63	0.58		0.82	0.94	-0.94	-0.32	-0.82	0.99	0.36	0.94	0.75	0.28	-0.27	-0.13	0.85	0.54	0.79	0.95	0.85	0.97	0.97	0.3	0.17	-0.38
Total Stockholder Equity	1.0	0.86	0.42	0.82		0.76	-0.63	-0.69	-0.9	0.81	0.72	0.77	0.53	0.73	-0.47	-0.08	0.92	0.85	0.88	0.91	0.98	0.92	0.82	0.75	-0.01	-0.26
Property Plant And Equipment Net	0.78	0.54	0.33	0.94	0.76		-0.9	-0.15	-0.87	0.97	0.19	1.0	0.9	0.12	-0.38	-0.14	0.83	0.51	0.78	0.84	0.84	0.93	0.98	0.14	-0.01	-0.45
Current Deferred Revenue	-0.65	-0.41	-0.64	-0.94	-0.63	-0.9		0.15	0.71	-0.95	-0.18	-0.9	-0.73	-0.03	0.29	0.01	-0.7	-0.31	-0.68	-0.83	-0.69	-0.84	-0.91	-0.05	-0.26	0.27
Net Debt	-0.67	-0.77	-0.52	-0.32	-0.69	-0.15	0.15		0.46	-0.25	-1.0	-0.15	0.19	-0.91	0.32	-0.02	-0.49	-0.75	-0.62	-0.49	-0.6	-0.46	-0.27	-0.91	-0.08	-0.09
Retained Earnings	-0.9	-0.72	-0.33	-0.82	-0.9	-0.87	0.71	0.46		-0.85	-0.5	-0.87	-0.68	-0.46	0.61	0.15	-0.85	-0.77	-0.93	-0.82	-0.96	-0.9	-0.9	-0.47	0.16	0.38
Accounts Payable	0.82	0.56	0.52	0.99	0.81	0.97	-0.95	-0.25	-0.85		0.29	0.97	0.8	0.22	-0.37	-0.09	0.84	0.5	0.79	0.93	0.85	0.95	0.98	0.24	0.11	-0.36
Cash	0.71	0.8	0.52	0.36	0.72	0.19	-0.18	-1.0	-0.5	0.29		0.2	-0.14	0.91	-0.32	0.0	0.53	0.78	0.65	0.53	0.64	0.5	0.32	0.91	0.08	0.05
Non Current Assets Total	0.78	0.54	0.33	0.94	0.77	1.0	-0.9	-0.15	-0.87	0.97	0.2		0.9	0.12	-0.38	-0.14	0.83	0.51	0.78	0.85	0.84	0.93	0.98	0.14	-0.01	-0.45
Non Currrent Assets Other	0.55	0.29	-0.04	0.75	0.53	0.9	-0.73	0.19	-0.68	0.8	-0.14	0.9		-0.14	-0.28	-0.07	0.65	0.3	0.52	0.61	0.62	0.73	0.81	-0.13	-0.08	-0.42
Cash And Short Term Investments	0.71	0.76	0.3	0.28	0.73	0.12	-0.03	-0.91	-0.46	0.22	0.91	0.12	-0.14		-0.31	0.02	0.53	0.76	0.53	0.52	0.62	0.44	0.22	1.0	0.01	0.07
Net Receivables	-0.46	-0.2	-0.08	-0.27	-0.47	-0.38	0.29	0.32	0.61	-0.37	-0.32	-0.38	-0.28	-0.31		-0.44	-0.43	-0.34	-0.62	-0.3	-0.54	-0.33	-0.4	-0.32	0.12	-0.31
Common Stock Total Equity	-0.09	-0.22	-0.02	-0.13	-0.08	-0.14	0.01	-0.02	0.15	-0.09	0.0	-0.14	-0.07	0.02	-0.44		-0.11	-0.19	-0.06	-0.1	-0.12	-0.17	-0.16	0.01	0.61	0.94
Common Stock Shares Outstanding	0.92	0.7	0.37	0.85	0.92	0.83	-0.7	-0.49	-0.85	0.84	0.53	0.83	0.65	0.53	-0.43	-0.11		0.68	0.82	0.89	0.91	0.9	0.85	0.55	-0.09	-0.33
Non Current Liabilities Total	0.84	0.97	0.2	0.54	0.85	0.51	-0.31	-0.75	-0.77	0.5	0.78	0.51	0.3	0.76	-0.34	-0.19	0.68		0.78	0.63	0.82	0.72	0.57	0.77	-0.13	-0.29
Inventory	0.89	0.77	0.48	0.79	0.88	0.78	-0.68	-0.62	-0.93	0.79	0.65	0.78	0.52	0.53	-0.62	-0.06	0.82	0.78		0.77	0.92	0.87	0.84	0.55	-0.04	-0.24
Other Current Assets	0.92	0.72	0.59	0.95	0.91	0.84	-0.83	-0.49	-0.82	0.93	0.53	0.85	0.61	0.52	-0.3	-0.1	0.89	0.63	0.77		0.9	0.95	0.89	0.53	0.16	-0.31
Other Stockholder Equity	0.98	0.81	0.38	0.85	0.98	0.84	-0.69	-0.6	-0.96	0.85	0.64	0.84	0.62	0.62	-0.54	-0.12	0.91	0.82	0.92	0.9		0.94	0.88	0.64	-0.07	-0.32
Total Liab	0.93	0.77	0.49	0.97	0.92	0.93	-0.84	-0.46	-0.9	0.95	0.5	0.93	0.73	0.44	-0.33	-0.17	0.9	0.72	0.87	0.95	0.94		0.96	0.45	0.07	-0.41
Property Plant And Equipment Gross	0.83	0.61	0.47	0.97	0.82	0.98	-0.91	-0.27	-0.9	0.98	0.32	0.98	0.81	0.22	-0.4	-0.16	0.85	0.57	0.84	0.89	0.88	0.96		0.24	0.01	-0.43
Total Current Assets	0.73	0.77	0.31	0.3	0.75	0.14	-0.05	-0.91	-0.47	0.24	0.91	0.14	-0.13	1.0	-0.32	0.01	0.55	0.77	0.55	0.53	0.64	0.45	0.24		0.01	0.06
Short Term Debt	0.0	0.01	0.42	0.17	-0.01	-0.01	-0.26	-0.08	0.16	0.11	0.08	-0.01	-0.08	0.01	0.12	0.61	-0.09	-0.13	-0.04	0.16	-0.07	0.07	0.01	0.01		0.59
Common Stock	-0.27	-0.31	0.0	-0.38	-0.26	-0.45	0.27	-0.09	0.38	-0.36	0.05	-0.45	-0.42	0.07	-0.31	0.94	-0.33	-0.29	-0.24	-0.31	-0.32	-0.41	-0.43	0.06	0.59

Click cells to compare fundamentals

AquaBounty Technologies Account Relationship Matchups

AquaBounty Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	30.2M	125.8M	228.4M	213.8M	187.6M	196.9M
Short Long Term Debt Total	4.9M	9.1M	9.4M	8.9M	8.8M	4.8M
Other Current Liab	62.3K	62.5K	66.3K	13.0M	754.6K	1.3M
Total Current Liabilities	1.7M	2.1M	5.9M	15.4M	14.6M	15.3M
Total Stockholder Equity	23.8M	114.9M	213.8M	191.9M	165.0M	173.3M
Property Plant And Equipment Net	25.5M	27.3M	34.1M	106.5M	174.7M	183.4M
Current Deferred Revenue	653.4K	960.2K	874.6K	(12.0M)	(10.8M)	(10.3M)
Net Debt	2.1M	(86.7M)	(79.1M)	(92.8M)	584.4K	613.6K
Retained Earnings	(132.1M)	(148.5M)	(170.9M)	(193.0M)	(220.6M)	(209.6M)
Accounts Payable	809.4K	799.9K	4.3M	12.0M	13.0M	13.6M
Cash	2.8M	95.8M	88.5M	101.6M	8.2M	7.8M
Non Current Assets Total	25.8M	28.1M	35.4M	107.8M	175.9M	184.7M
Non Currrent Assets Other	32.0K	576.7K	1.1M	1.1M	204.3M	214.5M
Cash And Short Term Investments	2.8M	95.8M	190.2M	101.6M	8.2M	7.8M
Net Receivables	116.0K	55.2K	46.7K	1.0	0.9	0.86
Common Stock Total Equity	15.1K	21.6K	55.5K	71.0K	63.9K	50.0K
Common Stock Shares Outstanding	1.0M	1.8M	3.5M	3.6M	3.8M	4.0M
Liabilities And Stockholders Equity	30.2M	125.8M	228.4M	213.8M	187.6M	196.9M
Non Current Liabilities Total	4.8M	8.8M	8.7M	6.5M	8.0M	4.4M
Inventory	1.2M	1.5M	1.3M	2.3M	1.7M	1.8M
Other Current Assets	42.8K	358.7K	1.5M	2.1M	1.7M	1.8M
Other Stockholder Equity	156.2M	263.6M	384.9M	385.4M	386.0M	405.3M
Total Liab	6.5M	10.9M	14.6M	21.9M	22.5M	23.7M
Property Plant And Equipment Gross	25.5M	27.3M	33.8M	106.5M	122.5M	128.6M
Total Current Assets	4.5M	97.7M	193.0M	106.0M	11.6M	11.1M
Accumulated Other Comprehensive Income	(360.2K)	(267.3K)	(255.6K)	(516.8K)	(405.5K)	(425.7K)
Short Term Debt	163.2K	259.9K	627.4K	2.4M	826.2K	725.2K
Common Stock	21.6K	55.5K	71.0K	71.1K	3.8K	3.7K
Intangible Assets	259.2K	245.5K	231.8M	218.1M	204.4K	194.2K
Net Tangible Assets	23.5M	114.9M	213.8M	191.7M	220.5M	231.5M
Other Assets	23.0K	1.0M	1.1M	1.1M	1.2M	1.3M
Long Term Debt	4.4M	8.5M	8.5M	6.3M	7.2M	4.8M
Property Plant Equipment	25.5M	26.9M	33.8M	106.5M	122.5M	128.6M
Short Long Term Debt	163.2K	259.9K	627.4K	2.4M	2.1M	2.3M
Capital Surpluse	142.7M	156.2M	263.6M	384.9M	442.6M	464.7M
Retained Earnings Total Equity	(118.9M)	(132.1M)	(148.5M)	(170.9M)	(153.8M)	(161.5M)

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AquaBounty Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AquaBounty Technologies' short interest history, or implied volatility extrapolated from AquaBounty Technologies options trading.

Pair Trading with AquaBounty Technologies

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 AquaBounty Technologies 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 AquaBounty Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with AquaBounty Stock

0.77	KA	Kineta Inc	Pair Corr
0.71	ME	23Andme Holding	Pair Corr

Moving against AquaBounty Stock

0.88	YS	YS Biopharma	Pair Corr
0.8	DSGN	Design Therapeutics	Pair Corr
0.71	DOMH	Dominari Holdings	Pair Corr
0.5	VIRI	Virios Therapeutics Llc	Pair Corr

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

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

When determining whether AquaBounty Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AquaBounty Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aquabounty Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aquabounty Technologies Stock:

How To Invest In AquaBounty

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Is AquaBounty Stock a good investment?

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What is AquaBounty Technologies' Net Worth?

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

For information on how to trade AquaBounty Stock refer to our How to Trade AquaBounty Stock guide.

You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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

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Is AquaBounty Technologies' 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 AquaBounty Technologies. If investors know AquaBounty 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 AquaBounty Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(7.17)

Revenue Per Share

0.643

Quarterly Revenue Growth

0.227

Return On Assets

(0.09)

Return On Equity

(0.15)

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

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AquaBounty Total Current Assets vs Other Current Assets Analysis

Total Current Assets vs Other Current Assets

Total Current Assets vs Other Current Assets Correlation Analysis

Correlation Coefficient

Total Current Assets

Other Current Assets

AquaBounty Technologies fundamental ratios Correlations

AquaBounty Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AquaBounty Technologies fundamental ratios Accounts

Pair Trading with AquaBounty Technologies

Moving together with AquaBounty Stock

Moving against AquaBounty Stock

Complementary Tools for AquaBounty Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Accounts Payable	+ 0.99	Total Current Liabilities
Other Stockholder Equity	+ 0.98	Total Assets
Other Stockholder Equity	+ 0.98	Total Stockholder Equity

Cash	- 1.0	Net Debt
Other Stockholder Equity	- 0.96	Retained Earnings
Accounts Payable	- 0.95	Current Deferred Revenue
Current Deferred Revenue	- 0.94	Total Current Liabilities
Inventory	- 0.93	Retained Earnings
Total Current Assets	- 0.91	Net Debt