Astra Free Cash Flow vs Net Borrowings Analysis

ASTR Stock

USD 0.39 0.03 7.14%

Astra Space financial indicator trend analysis is way more than just evaluating Astra Space prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Astra Space is a good investment. Please check the relationship between Astra Space Free Cash Flow and its Net Borrowings accounts. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Free Cash Flow vs Net Borrowings

Free Cash Flow vs Net Borrowings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astra Space Free Cash Flow account and Net Borrowings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Astra Space's Free Cash Flow and Net Borrowings is 0.86. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Astra Space, assuming nothing else is changed. The correlation between historical values of Astra Space's Free Cash Flow and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Astra Space are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Free Cash Flow i.e., Astra Space's Free Cash Flow and Net Borrowings go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Astra Space's Tax Provision is relatively stable compared to the past year. As of 06/16/2024, Selling General Administrative is likely to grow to about 58.3 M, though Issuance Of Capital Stock is likely to grow to (508.2 K).

	2021	2022	2023	2024 (projected)
Interest Expense	1.2M	1.7M	3.6M	2.9M
Depreciation And Amortization	133.8M	310.7M	6.3M	6.0M

Interest Expense Depreciation And Amortization

Astra Space fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Common Stock Shares Outstanding	Total Current Assets	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Warrants	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity	Retained Earnings Total Equity	Short Term Investments	Long Term Debt Total
Other Current Liab		0.82	0.29	0.53	-0.92	0.16	0.87	-0.76	0.47	0.56	0.47	-0.61	0.54	0.52	-0.42	0.95	-0.29	0.23	0.46	0.91	-0.42	0.39	-0.42	0.5	-0.85	-0.42
Total Current Liabilities	0.82		0.2	0.65	-0.88	0.19	0.86	-0.87	0.26	0.48	0.28	-0.22	0.33	0.4	-0.6	0.92	-0.09	0.09	0.34	0.83	-0.6	0.17	-0.6	0.8	-0.82	-0.6
Other Liab	0.29	0.2		0.72	-0.41	0.91	0.13	-0.5	0.96	0.92	0.97	-0.7	0.95	0.96	0.01	0.19	-0.97	0.99	0.98	0.54	0.01	0.96	0.01	0.0	-0.57	0.01
Net Tangible Assets	0.53	0.65	0.72		-0.66	0.59	0.45	-0.92	0.7	0.77	0.71	-0.6	0.73	0.76	-0.35	0.49	-0.63	0.64	0.76	0.71	-0.35	0.66	-0.35	0.3	-0.72	-0.35
Retained Earnings	-0.92	-0.88	-0.41	-0.66		-0.41	-0.95	0.84	-0.5	-0.72	-0.52	0.53	-0.57	-0.63	0.68	-0.95	0.32	-0.32	-0.59	-0.99	0.68	-0.41	0.68	-0.7	0.98	0.68
Accounts Payable	0.16	0.19	0.91	0.59	-0.41		0.2	-0.38	0.79	0.9	0.82	-0.44	0.79	0.88	-0.24	0.19	-0.81	0.87	0.9	0.52	-0.24	0.78	-0.24	0.24	-0.59	-0.24
Other Assets	0.87	0.86	0.13	0.45	-0.95	0.2		-0.71	0.23	0.5	0.24	-0.33	0.31	0.37	-0.79	0.96	-0.03	0.03	0.33	0.9	-0.79	0.12	-0.79	0.79	-0.89	-0.79
Common Stock Shares Outstanding	-0.76	-0.87	-0.5	-0.92	0.84	-0.38	-0.71		-0.54	-0.67	-0.55	0.54	-0.59	-0.63	0.51	-0.76	0.4	-0.4	-0.6	-0.84	0.51	-0.47	0.51	-0.51	0.83	0.51
Total Current Assets	0.47	0.26	0.96	0.7	-0.5	0.79	0.23	-0.54		0.91	1.0	-0.85	1.0	0.97	0.06	0.32	-0.98	0.96	0.97	0.63	0.06	0.99	0.06	-0.06	-0.63	0.06
Property Plant Equipment	0.56	0.48	0.92	0.77	-0.72	0.9	0.5	-0.67	0.91		0.93	-0.71	0.93	0.98	-0.33	0.52	-0.85	0.87	0.98	0.81	-0.33	0.87	-0.33	0.32	-0.84	-0.33
Total Assets	0.47	0.28	0.97	0.71	-0.52	0.82	0.24	-0.55	1.0	0.93		-0.83	1.0	0.98	0.02	0.33	-0.98	0.97	0.98	0.64	0.02	0.99	0.02	-0.02	-0.65	0.02
Short Long Term Debt Total	-0.61	-0.22	-0.7	-0.6	0.53	-0.44	-0.33	0.54	-0.85	-0.71	-0.83		-0.86	-0.77	-0.01	-0.37	0.78	-0.72	-0.77	-0.63	-0.01	-0.83	-0.01	0.22	0.58	-0.01
Total Stockholder Equity	0.54	0.33	0.95	0.73	-0.57	0.79	0.31	-0.59	1.0	0.93	1.0	-0.86		0.98	-0.01	0.39	-0.96	0.94	0.97	0.69	-0.01	0.98	-0.01	0.01	-0.69	-0.01
Property Plant And Equipment Net	0.52	0.4	0.96	0.76	-0.63	0.88	0.37	-0.63	0.97	0.98	0.98	-0.77	0.98		-0.15	0.44	-0.93	0.94	1.0	0.74	-0.15	0.95	-0.15	0.17	-0.76	-0.15
Warrants	-0.42	-0.6	0.01	-0.35	0.68	-0.24	-0.79	0.51	0.06	-0.33	0.02	-0.01	-0.01	-0.15		-0.61	-0.19	0.13	-0.16	-0.61	1.0	0.15	1.0	-0.8	0.66	1.0
Current Deferred Revenue	0.95	0.92	0.19	0.49	-0.95	0.19	0.96	-0.76	0.32	0.52	0.33	-0.37	0.39	0.44	-0.61		-0.13	0.11	0.38	0.91	-0.61	0.22	-0.61	0.75	-0.88	-0.61
Net Debt	-0.29	-0.09	-0.97	-0.63	0.32	-0.81	-0.03	0.4	-0.98	-0.85	-0.98	0.78	-0.96	-0.93	-0.19	-0.13		-0.99	-0.94	-0.47	-0.19	-0.99	-0.19	0.19	0.48	-0.19
Cash	0.23	0.09	0.99	0.64	-0.32	0.87	0.03	-0.4	0.96	0.87	0.97	-0.72	0.94	0.94	0.13	0.11	-0.99		0.95	0.46	0.13	0.98	0.13	-0.13	-0.48	0.13
Non Current Assets Total	0.46	0.34	0.98	0.76	-0.59	0.9	0.33	-0.6	0.97	0.98	0.98	-0.77	0.97	1.0	-0.16	0.38	-0.94	0.95		0.7	-0.16	0.95	-0.16	0.13	-0.73	-0.16
Non Currrent Assets Other	0.91	0.83	0.54	0.71	-0.99	0.52	0.9	-0.84	0.63	0.81	0.64	-0.63	0.69	0.74	-0.61	0.91	-0.47	0.46	0.7		-0.61	0.54	-0.61	0.62	-0.99	-0.61
Long Term Debt	-0.42	-0.6	0.01	-0.35	0.68	-0.24	-0.79	0.51	0.06	-0.33	0.02	-0.01	-0.01	-0.15	1.0	-0.61	-0.19	0.13	-0.16	-0.61		0.15	1.0	-0.8	0.66	1.0
Cash And Short Term Investments	0.39	0.17	0.96	0.66	-0.41	0.78	0.12	-0.47	0.99	0.87	0.99	-0.83	0.98	0.95	0.15	0.22	-0.99	0.98	0.95	0.54	0.15		0.15	-0.15	-0.54	0.15
Common Stock Total Equity	-0.42	-0.6	0.01	-0.35	0.68	-0.24	-0.79	0.51	0.06	-0.33	0.02	-0.01	-0.01	-0.15	1.0	-0.61	-0.19	0.13	-0.16	-0.61	1.0	0.15		-0.8	0.66	1.0
Retained Earnings Total Equity	0.5	0.8	0.0	0.3	-0.7	0.24	0.79	-0.51	-0.06	0.32	-0.02	0.22	0.01	0.17	-0.8	0.75	0.19	-0.13	0.13	0.62	-0.8	-0.15	-0.8		-0.67	-0.8
Short Term Investments	-0.85	-0.82	-0.57	-0.72	0.98	-0.59	-0.89	0.83	-0.63	-0.84	-0.65	0.58	-0.69	-0.76	0.66	-0.88	0.48	-0.48	-0.73	-0.99	0.66	-0.54	0.66	-0.67		0.66
Long Term Debt Total	-0.42	-0.6	0.01	-0.35	0.68	-0.24	-0.79	0.51	0.06	-0.33	0.02	-0.01	-0.01	-0.15	1.0	-0.61	-0.19	0.13	-0.16	-0.61	1.0	0.15	1.0	-0.8	0.66

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Astra Space Account Relationship Matchups

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Astra Free Cash Flow vs Net Borrowings Analysis

Free Cash Flow vs Net Borrowings

Free Cash Flow vs Net Borrowings Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Borrowings

Astra Space fundamental ratios Correlations

Astra Space Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Astra Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Assets	+ 1.0	Total Current Assets
Total Stockholder Equity	+ 1.0	Total Current Assets
Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Long Term Debt	+ 1.0	Warrants
Common Stock Total Equity	+ 1.0	Warrants

Short Term Investments	- 0.99	Non Currrent Assets Other
Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Non Currrent Assets Other	- 0.99	Retained Earnings
Net Debt	- 0.98	Total Assets
Net Debt	- 0.98	Total Current Assets