Astra Cash and Equivalents vs Interest Expense Analysis

ASTR Stock  USD 0.64  0.02  3.23%   
Trend analysis of Astra Space balance sheet accounts such as Total Current Liabilities of 51.2 M, Other Liabilities of 2 M or Net Tangible Assets of 159.7 M provides information on Astra Space's total assets, liabilities, and equity, which is the actual value of Astra Space to its prevalent stockholders. By breaking down trends over time using Astra Space balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astra Space. 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.
To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.

About Astra Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Astra Space at a specified time, usually calculated after every quarter, six months, or one year. Astra Space Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Astra Space and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Astra currently owns. An asset can also be divided into two categories, current and non-current.

Astra Space Balance Sheet Chart

Astra Space Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Astra Space uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Astra Space's Property Plant And Equipment Net is relatively stable compared to the past year. As of 03/28/2024, Current Deferred Revenue is likely to grow to about 29.1 M, while Other Liabilities is likely to drop slightly above 2 M.

Total Current Liabilities

Total Current Liabilities is an item on Astra Space balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Astra Space 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.

Accounts Payable

An accounting item on the balance sheet that represents Astra Space 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 Astra Space 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 Astra Space's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Astra Space 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 Astra Space. 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.
To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.As of 03/28/2024, Tax Provision is likely to grow to 0.00, while Selling General Administrative is likely to drop slightly above 62.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense1.2M1.7M1.6M1.9M
Depreciation And Amortization133.8M310.7M357.3M375.1M

Astra Space fundamental ratios Correlations

0.850.190.53-0.94-0.241.0-1.00.60.540.61-0.880.660.61-0.781.0-0.360.20.520.92-0.780.6-0.780.77-0.85-0.78
0.850.260.72-0.86-0.190.81-0.860.580.490.55-0.830.60.53-0.490.84-0.380.250.450.82-0.490.54-0.490.66-0.79-0.49
0.190.260.72-0.460.890.13-0.220.90.920.89-0.60.860.880.010.16-0.981.00.920.540.010.890.010.0-0.670.01
0.530.720.72-0.680.380.45-0.540.790.770.8-0.720.80.8-0.350.51-0.750.70.790.71-0.350.8-0.350.3-0.75-0.35
-0.94-0.86-0.46-0.68-0.04-0.920.96-0.8-0.74-0.80.98-0.84-0.780.6-0.930.62-0.48-0.72-0.990.6-0.790.6-0.620.970.6
-0.24-0.190.890.38-0.04-0.280.210.630.680.61-0.210.570.610.31-0.26-0.810.890.690.140.310.620.31-0.31-0.290.31
1.00.810.130.45-0.92-0.28-0.990.550.50.57-0.850.610.56-0.791.0-0.310.150.470.9-0.790.56-0.790.79-0.81-0.79
-1.0-0.86-0.22-0.540.960.21-0.99-0.63-0.56-0.630.91-0.68-0.620.72-0.990.4-0.24-0.54-0.940.72-0.620.72-0.730.870.72
0.60.580.90.79-0.80.630.55-0.630.990.99-0.891.00.99-0.330.58-0.960.910.980.85-0.330.99-0.330.34-0.92-0.33
0.540.490.920.77-0.740.680.5-0.560.990.99-0.840.990.99-0.330.52-0.970.930.990.81-0.330.99-0.330.32-0.88-0.33
0.610.550.890.8-0.80.610.57-0.630.990.99-0.871.01.0-0.40.59-0.950.890.990.86-0.41.0-0.40.35-0.92-0.4
-0.88-0.83-0.6-0.720.98-0.21-0.850.91-0.89-0.84-0.87-0.91-0.860.53-0.870.73-0.61-0.81-0.990.53-0.870.53-0.591.00.53
0.660.60.860.8-0.840.570.61-0.681.00.991.0-0.910.99-0.40.64-0.940.870.980.89-0.41.0-0.40.37-0.94-0.4
0.610.530.880.8-0.780.610.56-0.620.990.991.0-0.860.99-0.420.59-0.950.890.990.85-0.421.0-0.420.37-0.91-0.42
-0.78-0.490.01-0.350.60.31-0.790.72-0.33-0.33-0.40.53-0.4-0.42-0.790.120.0-0.36-0.611.0-0.391.0-0.80.511.0
1.00.840.160.51-0.93-0.261.0-0.990.580.520.59-0.870.640.59-0.79-0.340.180.50.91-0.790.58-0.790.78-0.83-0.79
-0.36-0.38-0.98-0.750.62-0.81-0.310.4-0.96-0.97-0.950.73-0.94-0.950.12-0.34-0.99-0.97-0.690.12-0.960.12-0.120.790.12
0.20.251.00.7-0.480.890.15-0.240.910.930.89-0.610.870.890.00.18-0.990.930.560.00.90.00.01-0.680.0
0.520.450.920.79-0.720.690.47-0.540.980.990.99-0.810.980.99-0.360.5-0.970.930.79-0.360.99-0.360.28-0.86-0.36
0.920.820.540.71-0.990.140.9-0.940.850.810.86-0.990.890.85-0.610.91-0.690.560.79-0.610.85-0.610.62-0.99-0.61
-0.78-0.490.01-0.350.60.31-0.790.72-0.33-0.33-0.40.53-0.4-0.421.0-0.790.120.0-0.36-0.61-0.391.0-0.80.511.0
0.60.540.890.8-0.790.620.56-0.620.990.991.0-0.871.01.0-0.390.58-0.960.90.990.85-0.39-0.390.34-0.91-0.39
-0.78-0.490.01-0.350.60.31-0.790.72-0.33-0.33-0.40.53-0.4-0.421.0-0.790.120.0-0.36-0.611.0-0.39-0.80.511.0
0.770.660.00.3-0.62-0.310.79-0.730.340.320.35-0.590.370.37-0.80.78-0.120.010.280.62-0.80.34-0.8-0.55-0.8
-0.85-0.79-0.67-0.750.97-0.29-0.810.87-0.92-0.88-0.921.0-0.94-0.910.51-0.830.79-0.68-0.86-0.990.51-0.910.51-0.550.51
-0.78-0.490.01-0.350.60.31-0.790.72-0.33-0.33-0.40.53-0.4-0.421.0-0.790.120.0-0.36-0.611.0-0.391.0-0.80.51
Click cells to compare fundamentals

Astra Space Account Relationship Matchups

Pair Trading with Astra Space

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

Moving together with Astra Stock

  0.72AZ A2Z Smart TechnologiesPairCorr

Moving against Astra Stock

  0.84ERJ Embraer SA ADR Sell-off TrendPairCorr
  0.74DRS Leonardo DRS Common Financial Report 1st of May 2024 PairCorr
  0.73CW Curtiss-Wright Financial Report 1st of May 2024 PairCorr
  0.59POWWP Ammo PreferredPairCorr
  0.54GD General Dynamics Fiscal Quarter End 31st of March 2024 PairCorr
The ability to find closely correlated positions to Astra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astra Space 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 Astra Space - 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 Astra Space to buy it.
The correlation of Astra Space 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 Astra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astra Space 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 Astra Space 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 CorrelationCorrelation Matching
When determining whether Astra Space is a strong investment it is important to analyze Astra Space'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 Astra Space's future performance. For an informed investment choice regarding Astra Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astra Space. 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.
To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.
You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Astra Stock analysis

When running Astra Space's price analysis, check to measure Astra Space'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 Astra Space is operating at the current time. Most of Astra Space's value examination focuses on studying past and present price action to predict the probability of Astra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astra Space's price. Additionally, you may evaluate how the addition of Astra Space to your portfolios can decrease your overall portfolio volatility.
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Is Astra Space'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 Astra Space. If investors know Astra 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 Astra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(7.35)
Revenue Per Share
0.053
Quarterly Revenue Growth
(0.91)
Return On Assets
(0.68)
Return On Equity
(2.18)
The market value of Astra Space is measured differently than its book value, which is the value of Astra that is recorded on the company's balance sheet. Investors also form their own opinion of Astra Space's value that differs from its market value or its book value, called intrinsic value, which is Astra Space'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 Astra Space's market value can be influenced by many factors that don't directly affect Astra Space'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 Astra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Astra Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astra Space'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.