Atlanticus Long Term Debt Total vs Net Tangible Assets Analysis
ATLC Stock | USD 27.11 1.01 3.87% |
Atlanticus Holdings financial indicator trend analysis is way more than just evaluating Atlanticus Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atlanticus Holdings is a good investment. Please check the relationship between Atlanticus Holdings Long Term Debt Total and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlanticus Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Atlanticus Stock refer to our How to Trade Atlanticus Stock guide.
Long Term Debt Total vs Net Tangible Assets
Long Term Debt Total vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atlanticus Holdings Long Term Debt Total account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Atlanticus Holdings' Long Term Debt Total and Net Tangible Assets is 0.96. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Atlanticus Holdings, assuming nothing else is changed. The correlation between historical values of Atlanticus Holdings' Long Term Debt Total and Net Tangible 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 Long Term Debt Total of Atlanticus Holdings are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Long Term Debt Total i.e., Atlanticus Holdings' Long Term Debt Total and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Debt Total
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Atlanticus Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atlanticus Holdings 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 Atlanticus Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Atlanticus Stock refer to our How to Trade Atlanticus Stock guide.At present, Atlanticus Holdings' Tax Provision is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 54.1M | 81.9M | 109.3M | 114.8M | Depreciation And Amortization | 2.5M | 4.8M | 2.6M | 2.4M |
Atlanticus Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Atlanticus Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Atlanticus Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 936.3M | 1.2B | 1.9B | 2.4B | 2.7B | 2.8B | |
Total Stockholder Equity | 40.9M | 117.3M | 328.0M | 366.4M | 434.7M | 230.1M | |
Property Plant And Equipment Net | 16.8M | 11.4M | 11.4M | 21.8M | 22.8M | 18.9M | |
Net Debt | 664.0M | 745.6M | 1.0B | 1.4B | 1.6B | 1.7B | |
Retained Earnings | (211.8M) | (117.7M) | 60.2M | 204.4M | 307.3M | 322.6M | |
Cash | 135.5M | 178.1M | 409.7M | 385.0M | 383.7M | 402.8M | |
Non Current Assets Total | 18.8M | 12.8M | 11.4M | 11.8M | 11.3M | 10.7M | |
Non Currrent Assets Other | (18.8M) | (12.8M) | (11.4M) | (10.0M) | (11.4M) | (12.0M) | |
Other Assets | 782.0M | 1.0B | 1.5B | (1.7B) | 39.3M | 37.3M | |
Cash And Short Term Investments | 135.5M | 178.1M | 409.7M | 385.0M | 383.7M | 402.8M | |
Net Receivables | 1.5B | 1.9B | 2.8B | 3.7B | 2.3B | 2.4B | |
Common Stock Shares Outstanding | 15.3M | 20.1M | 20.9M | 19.4M | 18.9M | 25.1M | |
Liabilities And Stockholders Equity | 936.3M | 1.2B | 1.9B | 2.4B | 2.7B | 2.8B | |
Other Stockholder Equity | 212.7M | 195.0M | 227.8M | 122.0M | 87.4M | 155.7M | |
Total Liab | 895.9M | 1.1B | 1.6B | 2.0B | 2.2B | 2.3B | |
Property Plant And Equipment Gross | 16.8M | 11.4M | 27.4M | 26.4M | 29.7M | 19.8M | |
Total Current Assets | 135.5M | 178.1M | 409.7M | 4.1B | 2.7B | 2.8B | |
Other Current Liab | (685.1M) | (859.8M) | (1.3B) | 60.7M | 1.8B | 1.9B | |
Other Current Assets | (176.4M) | (259.0M) | (506.6M) | (433.2M) | (383.7M) | (364.5M) | |
Property Plant Equipment | 2.7M | 11.4M | 7.3M | 10.0M | 9.0M | 17.6M | |
Short Long Term Debt Total | 799.5M | 923.7M | 1.4B | 1.8B | 2.0B | 2.1B | |
Accounts Payable | 41.6M | 41.7M | 42.3M | 44.3M | 61.6M | 52.1M | |
Non Current Liabilities Total | 799.5M | 923.7M | 1.4B | 160.6M | 223.9M | 371.7M | |
Long Term Debt | 773.3M | 909.9M | 1.4B | 1.8B | 2.0B | 2.1B | |
Total Current Liabilities | 41.6M | 41.7M | 42.3M | 1.8B | 1.9B | 2.0B | |
Current Deferred Revenue | (90.3M) | (39.5M) | (29.3M) | (16.2M) | (17.9M) | (17.0M) | |
Short Term Debt | 775.4M | 899.3M | 1.3B | 1.7B | 64.7M | 61.5M | |
Net Tangible Assets | 90.0M | 77.3M | 427.6M | 466.4M | 536.3M | 563.1M | |
Noncontrolling Interest In Consolidated Entity | (571K) | (774K) | (500K) | (1.4M) | (1.2M) | (1.2M) | |
Retained Earnings Total Equity | (211.8M) | (117.7M) | 60.2M | 204.4M | 235.1M | 246.8M | |
Long Term Debt Total | 773.3M | 907.0M | 1.4B | 1.8B | 2.1B | 2.2B | |
Capital Surpluse | 212.7M | 195.0M | 227.8M | 122.0M | 109.8M | 168.8M | |
Long Term Investments | 727.9M | 1.4M | 1.4B | 1.9B | 2.2B | 2.3B | |
Non Current Liabilities Other | 26.2M | 16.7M | 4.8M | 20.1M | 18.1M | 17.2M |
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 Atlanticus Holdings 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, Atlanticus Holdings' short interest history, or implied volatility extrapolated from Atlanticus Holdings options trading.
Pair Trading with Atlanticus Holdings
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 Atlanticus Holdings 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 Atlanticus Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Atlanticus Stock
0.76 | BFIIW | BurgerFi International | PairCorr |
Moving against Atlanticus Stock
0.84 | DB | Deutsche Bank AG Normal Trading | PairCorr |
0.8 | LU | Lufax Holding Financial Report 27th of May 2024 | PairCorr |
0.76 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
0.76 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
0.72 | C | Citigroup Aggressive Push | PairCorr |
The ability to find closely correlated positions to Atlanticus Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlanticus Holdings 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 Atlanticus Holdings - 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 Atlanticus Holdings to buy it.
The correlation of Atlanticus Holdings 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 Atlanticus Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlanticus Holdings 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 Atlanticus Holdings 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlanticus Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Atlanticus Stock refer to our How to Trade Atlanticus Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Atlanticus Stock analysis
When running Atlanticus Holdings' price analysis, check to measure Atlanticus Holdings' 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 Atlanticus Holdings is operating at the current time. Most of Atlanticus Holdings' value examination focuses on studying past and present price action to predict the probability of Atlanticus Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlanticus Holdings' price. Additionally, you may evaluate how the addition of Atlanticus Holdings to your portfolios can decrease your overall portfolio volatility.
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
Is Atlanticus Holdings' 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 Atlanticus Holdings. If investors know Atlanticus 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 Atlanticus Holdings 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 0.141 | Earnings Share 4.24 | Revenue Per Share 24.419 | Quarterly Revenue Growth 0.115 | Return On Assets 0.04 |
The market value of Atlanticus Holdings is measured differently than its book value, which is the value of Atlanticus that is recorded on the company's balance sheet. Investors also form their own opinion of Atlanticus Holdings' value that differs from its market value or its book value, called intrinsic value, which is Atlanticus Holdings' 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 Atlanticus Holdings' market value can be influenced by many factors that don't directly affect Atlanticus Holdings' 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 Atlanticus Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Atlanticus Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlanticus Holdings' 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.