AdvanSix Total Stockholder Equity vs Short Long Term Debt Total Analysis

ASIX Stock

USD 26.25 0.24 0.92%

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

For more information on how to buy AdvanSix Stock please use our How to Invest in AdvanSix guide.

Total Stockholder Equity vs Short Long Term Debt Total

Total Stockholder Equity vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AdvanSix Total Stockholder Equity account and Short Long Term Debt Total. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between AdvanSix's Total Stockholder Equity and Short Long Term Debt Total is -0.14. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of AdvanSix, assuming nothing else is changed. The correlation between historical values of AdvanSix's Total Stockholder Equity and Short Long Term Debt Total 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 Stockholder Equity of AdvanSix are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Total Stockholder Equity i.e., AdvanSix's Total Stockholder Equity and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

-0.14

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Short Long Term Debt Total

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

For more information on how to buy AdvanSix Stock please use our How to Invest in AdvanSix guide.Tax Provision is likely to rise to about 25.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 78 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	274.1M	314.5M	174.9M	211.0M
Total Revenue	1.7B	1.9B	1.5B	1.7B

Gross Profit Total Revenue

AdvanSix fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings
Common Stock Shares Outstanding		-0.68	-0.6	-0.5	-0.46	-0.55	-0.69	0.43	-0.2	-0.68	-0.03	-0.48	-0.19	0.03	-0.76	-0.58	-0.57	-0.56	0.22	-0.63	-0.89	-0.39	-0.48	0.54	-0.63	-0.04
Total Assets	-0.68		0.93	0.78	0.76	0.87	0.97	-0.51	0.35	0.99	-0.24	0.65	0.47	0.11	0.71	0.78	0.74	0.84	-0.22	0.87	0.75	0.67	0.81	-0.79	0.98	0.11
Other Current Liab	-0.6	0.93		0.77	0.82	0.79	0.87	-0.57	0.39	0.89	-0.24	0.55	0.53	0.35	0.68	0.63	0.65	0.81	-0.18	0.73	0.69	0.76	0.76	-0.69	0.88	0.21
Total Current Liabilities	-0.5	0.78	0.77		0.8	0.54	0.64	-0.1	0.82	0.7	-0.63	0.17	0.46	0.51	0.83	0.36	0.8	0.65	0.16	0.53	0.62	0.91	0.91	-0.48	0.69	0.39
Total Stockholder Equity	-0.46	0.76	0.82	0.8		0.38	0.65	-0.25	0.54	0.7	-0.5	0.1	0.32	0.39	0.74	0.2	0.82	0.55	-0.25	0.34	0.6	0.77	0.85	-0.25	0.71	0.69
Other Liab	-0.55	0.87	0.79	0.54	0.38		0.9	-0.6	0.15	0.9	0.0	0.88	0.49	-0.04	0.47	0.95	0.39	0.86	-0.17	0.97	0.6	0.41	0.56	-0.97	0.88	-0.37
Property Plant And Equipment Net	-0.69	0.97	0.87	0.64	0.65	0.9		-0.58	0.15	0.99	-0.12	0.75	0.34	-0.07	0.58	0.86	0.65	0.78	-0.27	0.91	0.69	0.48	0.67	-0.83	0.98	-0.01
Current Deferred Revenue	0.43	-0.51	-0.57	-0.1	-0.25	-0.6	-0.58		0.14	-0.55	-0.52	-0.75	-0.36	-0.05	-0.18	-0.59	0.07	-0.44	0.29	-0.55	-0.5	-0.11	-0.07	0.61	-0.6	0.26
Accounts Payable	-0.2	0.35	0.39	0.82	0.54	0.15	0.15	0.14		0.23	-0.6	-0.19	0.34	0.68	0.7	-0.08	0.48	0.33	0.38	0.09	0.4	0.77	0.71	-0.14	0.26	0.41
Non Current Assets Total	-0.68	0.99	0.89	0.7	0.7	0.9	0.99	-0.55	0.23		-0.17	0.71	0.39	-0.02	0.65	0.84	0.7	0.83	-0.27	0.9	0.73	0.55	0.74	-0.82	0.99	0.03
Non Currrent Assets Other	-0.03	-0.24	-0.24	-0.63	-0.5	0.0	-0.12	-0.52	-0.6	-0.17		0.3	-0.17	-0.34	-0.39	0.17	-0.55	-0.19	-0.02	0.02	0.06	-0.55	-0.62	-0.06	-0.13	-0.47
Other Assets	-0.48	0.65	0.55	0.17	0.1	0.88	0.75	-0.75	-0.19	0.71	0.3		0.4	-0.19	0.18	0.91	0.02	0.6	-0.29	0.86	0.43	0.08	0.17	-0.92	0.7	-0.62
Cash And Short Term Investments	-0.19	0.47	0.53	0.46	0.32	0.49	0.34	-0.36	0.34	0.39	-0.17	0.4		0.5	0.42	0.37	0.14	0.67	-0.19	0.43	0.35	0.67	0.44	-0.51	0.38	-0.17
Net Receivables	0.03	0.11	0.35	0.51	0.39	-0.04	-0.07	-0.05	0.68	-0.02	-0.34	-0.19	0.5		0.31	-0.26	0.07	0.08	0.41	-0.13	0.1	0.73	0.28	0.0	-0.02	0.33
Good Will	-0.76	0.71	0.68	0.83	0.74	0.47	0.58	-0.18	0.7	0.65	-0.39	0.18	0.42	0.31		0.33	0.77	0.7	-0.15	0.47	0.88	0.75	0.87	-0.41	0.64	0.36
Non Current Liabilities Total	-0.58	0.78	0.63	0.36	0.2	0.95	0.86	-0.59	-0.08	0.84	0.17	0.91	0.37	-0.26	0.33		0.32	0.74	-0.18	0.98	0.55	0.22	0.37	-0.94	0.81	-0.49
Inventory	-0.57	0.74	0.65	0.8	0.82	0.39	0.65	0.07	0.48	0.7	-0.55	0.02	0.14	0.07	0.77	0.32		0.56	-0.11	0.45	0.63	0.67	0.87	-0.25	0.67	0.6
Other Current Assets	-0.56	0.84	0.81	0.65	0.55	0.86	0.78	-0.44	0.33	0.83	-0.19	0.6	0.67	0.08	0.7	0.74	0.56		-0.33	0.81	0.7	0.61	0.76	-0.77	0.81	-0.1
Other Stockholder Equity	0.22	-0.22	-0.18	0.16	-0.25	-0.17	-0.27	0.29	0.38	-0.27	-0.02	-0.29	-0.19	0.41	-0.15	-0.18	-0.11	-0.33		-0.13	-0.2	0.14	-0.16	0.1	-0.27	-0.01
Total Liab	-0.63	0.87	0.73	0.53	0.34	0.97	0.91	-0.55	0.09	0.9	0.02	0.86	0.43	-0.13	0.47	0.98	0.45	0.81	-0.13		0.62	0.38	0.52	-0.95	0.87	-0.36
Property Plant And Equipment Gross	-0.89	0.75	0.69	0.62	0.6	0.6	0.69	-0.5	0.4	0.73	0.06	0.43	0.35	0.1	0.88	0.55	0.63	0.7	-0.2	0.62		0.55	0.66	-0.56	0.73	0.15
Total Current Assets	-0.39	0.67	0.76	0.91	0.77	0.41	0.48	-0.11	0.77	0.55	-0.55	0.08	0.67	0.73	0.75	0.22	0.67	0.61	0.14	0.38	0.55		0.81	-0.36	0.53	0.43
Intangible Assets	-0.48	0.81	0.76	0.91	0.85	0.56	0.67	-0.07	0.71	0.74	-0.62	0.17	0.44	0.28	0.87	0.37	0.87	0.76	-0.16	0.52	0.66	0.81		-0.44	0.74	0.43
Common Stock	0.54	-0.79	-0.69	-0.48	-0.25	-0.97	-0.83	0.61	-0.14	-0.82	-0.06	-0.92	-0.51	0.0	-0.41	-0.94	-0.25	-0.77	0.1	-0.95	-0.56	-0.36	-0.44		-0.79	0.51
Property Plant Equipment	-0.63	0.98	0.88	0.69	0.71	0.88	0.98	-0.6	0.26	0.99	-0.13	0.7	0.38	-0.02	0.64	0.81	0.67	0.81	-0.27	0.87	0.73	0.53	0.74	-0.79		0.06
Retained Earnings	-0.04	0.11	0.21	0.39	0.69	-0.37	-0.01	0.26	0.41	0.03	-0.47	-0.62	-0.17	0.33	0.36	-0.49	0.6	-0.1	-0.01	-0.36	0.15	0.43	0.43	0.51	0.06

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AdvanSix Account Relationship Matchups

AdvanSix fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	28.9M	28.2M	29.0M	29.0M	28.0M	23.9M
Total Assets	1.2B	1.3B	1.3B	1.5B	1.5B	1.3B
Other Current Liab	28.1M	41.2M	49.7M	48.8M	52.1M	39.7M
Total Current Liabilities	291.7M	287.0M	309.8M	393.5M	358.9M	333.2M
Total Stockholder Equity	400.9M	444.1M	601.2M	738.2M	739.2M	531.5M
Other Liab	147.3M	171.6M	165.4M	170.1M	195.6M	131.0M
Property Plant And Equipment Net	891.9M	880.0M	904.2M	925.8M	948.4M	814.7M
Current Deferred Revenue	19.7M	26.4M	2.7M	34.4M	15.7M	17.7M
Accounts Payable	205.9M	190.2M	221.2M	272.8M	258.3M	248.0M
Non Current Assets Total	945.4M	929.9M	962.1M	1.1B	1.1B	888.1M
Non Currrent Assets Other	38.6M	34.9M	40.4M	(137.2M)	25.4M	26.7M
Other Assets	38.6M	34.9M	40.4M	23.2M	26.7M	32.3M
Cash And Short Term Investments	7.1M	10.6M	15.1M	31.0M	29.8M	21.9M
Net Receivables	106.7M	135.8M	179.1M	185.2M	166.8M	171.2M
Liabilities And Stockholders Equity	1.2B	1.3B	1.3B	1.5B	1.5B	1.3B
Non Current Liabilities Total	543.4M	532.2M	401.0M	363.7M	444.6M	400.7M
Inventory	171.7M	180.1M	149.6M	215.5M	211.8M	179.3M
Other Current Assets	5.1M	7.0M	6.1M	9.2M	11.4M	7.1M
Other Stockholder Equity	180.8M	184.7M	195.9M	174.5M	138.0M	170.9M
Total Liab	835.1M	819.3M	710.8M	757.2M	803.6M	733.9M
Property Plant And Equipment Gross	891.9M	880.0M	904.2M	925.8M	2.0B	2.1B
Total Current Assets	290.5M	333.5M	349.9M	440.9M	419.8M	377.3M
Accumulated Other Comprehensive Income	(9.5M)	(16.1M)	(6.5M)	(4.2M)	(4.1M)	(4.4M)
Common Stock	314K	316K	318K	320K	326K	309.7K
Property Plant Equipment	891.9M	765.5M	904.2M	925.8M	1.1B	775.3M
Retained Earnings	229.2M	275.2M	411.5M	567.5M	605.1M	349.1M
Long Term Debt	297M	275M	135M	115M	170M	208.5M
Short Long Term Debt Total	433.4M	389.9M	271.7M	230.0M	268.2M	319.4M
Net Tangible Assets	385.9M	429.1M	583.6M	632.7M	727.7M	471.2M
Net Debt	426.3M	379.3M	256.6M	199.1M	238.4M	295.7M
Cash	7.1M	10.6M	15.1M	31.0M	29.8M	23.8M
Common Stock Total Equity	314K	316K	318K	320K	368K	343.2K
Retained Earnings Total Equity	229.2M	275.2M	411.5M	567.5M	652.6M	685.3M
Long Term Debt Total	297.7M	275M	135M	115M	103.5M	175.5M
Capital Surpluse	180.9M	184.7M	195.9M	174.6M	157.1M	168.8M
Deferred Long Term Liab	110.1M	125.6M	133.3M	160.4M	184.5M	131.9M
Treasury Stock	(12K)	(35K)	(36K)	(45K)	(40.5K)	(38.5K)
Non Current Liabilities Other	5.5M	131.7M	132.7M	10.7M	9.2M	8.7M

Pair Trading with AdvanSix

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

Moving together with AdvanSix Stock

0.65

DOW

Dow Inc Financial Report 23rd of July 2024

Pair Corr

Moving against AdvanSix Stock

0.44

NACCO Industries

Pair Corr

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

The correlation of AdvanSix 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 AdvanSix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AdvanSix 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 AdvanSix 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 AdvanSix offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AdvanSix's 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 Advansix Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Advansix Stock:

How To Invest In AdvanSix

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Is AdvanSix Stock a good investment?

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What is AdvanSix's Net Worth?

Details

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

For more information on how to buy AdvanSix Stock please use our How to Invest in AdvanSix guide.

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for AdvanSix Stock analysis

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

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Is AdvanSix'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 AdvanSix. If investors know AdvanSix 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 AdvanSix 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

(0.48)

Dividend Share

0.625

Earnings Share

1.95

Revenue Per Share

56.171

Quarterly Revenue Growth

(0.05)

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

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AdvanSix Total Stockholder Equity vs Short Long Term Debt Total Analysis

Total Stockholder Equity vs Short Long Term Debt Total

Total Stockholder Equity vs Short Long Term Debt Total Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Short Long Term Debt Total

AdvanSix fundamental ratios Correlations

AdvanSix Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AdvanSix fundamental ratios Accounts

Pair Trading with AdvanSix

Moving together with AdvanSix Stock

Moving against AdvanSix Stock

Complementary Tools for AdvanSix Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant Equipment	+ 0.99	Non Current Assets Total
Property Plant Equipment	+ 0.98	Total Assets
Property Plant Equipment	+ 0.98	Property Plant And Equipment Net
Total Liab	+ 0.98	Non Current Liabilities Total

Common Stock	- 0.97	Other Liab
Common Stock	- 0.95	Total Liab
Common Stock	- 0.94	Non Current Liabilities Total
Common Stock	- 0.92	Other Assets
Property Plant And Equipment Gross	- 0.89	Common Stock Shares Outstanding
Common Stock	- 0.83	Property Plant And Equipment Net