Astronics Debt Non Current vs Deferred Revenue Analysis

ATRO
 Stock
  

USD 11.50  0.02  0.17%   

Astronics financial indicator trend analysis is way more than just evaluating Astronics Cp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Astronics Cp is a good investment. Please check the relationship between Astronics Debt Non Current and its Deferred Revenue accounts. Please continue to Trending Equities.

Debt Non Current vs Deferred Revenue

Debt Non Current vs Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astronics Cp Debt Non Current account and Deferred Revenue. At this time, the significance of the direction appears to have strong relationship.
The correlation between Astronics' Debt Non Current and Deferred Revenue is 0.65. Overlapping area represents the amount of variation of Debt Non Current that can explain the historical movement of Deferred Revenue in the same time period over historical financial statements of Astronics Cp, assuming nothing else is changed. The correlation between historical values of Astronics' Debt Non Current and Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Debt Non Current of Astronics Cp are associated (or correlated) with its Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Revenue has no effect on the direction of Debt Non Current i.e., Astronics' Debt Non Current and Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

Debt Non Current

The non-current portion of Total Debt reported if the company operates a classified balance sheet that segments current and non-current liabilities.

Deferred Revenue

A component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income.
Most indicators from Astronics fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Astronics Cp 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. Please continue to Trending Equities.Astronics Selling General and Administrative Expense is quite stable at the moment as compared to the past year. The company's current value of Selling General and Administrative Expense is estimated at 100.64 Million. Net Cash Flow Business Acquisitions and Disposals is expected to rise to about 11.4 M this year, although the value of Issuance Repayment of Debt Securities will most likely fall to (11.2 M).
 2019 2020 2021 2022 (projected)
Interest Expense6.14 M6.74 M6.8 M6.69 M
Gross Profit156.14 M96.84 M65.36 M67.08 M

Astronics fundamental ratios Correlations

0.820.850.940.960.860.430.89-0.390.890.660.850.810.990.930.910.920.850.930.83-0.61-0.91
0.820.950.920.90.890.130.81-0.550.820.540.950.860.80.820.860.80.940.840.99-0.42-0.82
0.850.950.920.920.870.270.91-0.430.920.550.870.870.830.90.90.880.990.790.95-0.56-0.79
0.940.920.920.960.980.410.94-0.440.950.70.950.950.930.970.950.950.930.950.92-0.65-0.84
0.960.90.920.960.880.430.9-0.380.910.650.90.840.970.950.950.920.930.910.91-0.63-0.92
0.860.890.870.980.880.370.93-0.470.940.710.940.990.850.930.890.920.870.930.88-0.64-0.73
0.430.130.270.410.430.370.540.480.510.30.190.410.440.550.420.590.280.30.14-0.81-0.24
0.890.810.910.940.90.930.54-0.291.00.640.810.940.880.980.890.990.910.850.82-0.75-0.73
-0.39-0.55-0.43-0.44-0.38-0.470.48-0.29-0.33-0.38-0.58-0.4-0.38-0.29-0.35-0.27-0.42-0.55-0.54-0.280.44
0.890.820.920.950.910.940.511.0-0.330.650.830.940.880.980.90.990.920.860.83-0.73-0.74
0.660.540.550.70.650.710.30.64-0.380.650.610.680.660.730.810.680.560.790.54-0.56-0.41
0.850.950.870.950.90.940.190.81-0.580.830.610.90.850.840.860.820.870.930.95-0.46-0.85
0.810.860.870.950.840.990.410.94-0.40.940.680.90.80.920.870.920.870.880.85-0.68-0.66
0.990.80.830.930.970.850.440.88-0.380.880.660.850.80.930.910.920.850.930.82-0.61-0.92
0.930.820.90.970.950.930.550.98-0.290.980.730.840.920.930.950.990.910.90.83-0.76-0.78
0.910.860.90.950.950.890.420.89-0.350.90.810.860.870.910.950.910.910.90.87-0.71-0.78
0.920.80.880.950.920.920.590.99-0.270.990.680.820.920.920.990.910.890.880.8-0.77-0.76
0.850.940.990.930.930.870.280.91-0.420.920.560.870.870.850.910.910.890.80.95-0.58-0.81
0.930.840.790.950.910.930.30.85-0.550.860.790.930.880.930.90.90.880.80.84-0.55-0.83
0.830.990.950.920.910.880.140.82-0.540.830.540.950.850.820.830.870.80.950.84-0.43-0.85
-0.61-0.42-0.56-0.65-0.63-0.64-0.81-0.75-0.28-0.73-0.56-0.46-0.68-0.61-0.76-0.71-0.77-0.58-0.55-0.430.38
-0.91-0.82-0.79-0.84-0.92-0.73-0.24-0.730.44-0.74-0.41-0.85-0.66-0.92-0.78-0.78-0.76-0.81-0.83-0.850.38
Click cells to compare fundamentals

Astronics Account Relationship Matchups

Astronics fundamental ratios Accounts

201720182019202020212022 (projected)
Inventories150.2 M138.69 M145.79 M157.06 M157.58 M128.84 M
Receivables132.63 M182.31 M148 M93.06 M107.44 M96.2 M
Accounts Payable41.85 M50.66 M35.84 M26.45 M34.86 M29.81 M
Accumulated Other Comprehensive Income(13.35 M)(13.33 M)(15.63 M)(16.45 M)(14.49 M)(15.64 M)
Total Assets735.96 M774.64 M782.72 M619.75 M609.14 M645.7 M
Current Assets315.33 M374.17 M343.08 M316.95 M339.86 M328.97 M
Assets Non Current420.63 M400.47 M439.63 M302.8 M269.28 M316.73 M
Cash and Equivalents17.91 M16.62 M31.91 M40.41 M29.76 M29.72 M
Cash and Equivalents USD17.91 M16.62 M31.91 M40.41 M29.76 M29.72 M
Total Debt271.77 M233.98 M213.78 M194.63 M181.8 M193.6 M
Debt Current2.69 M1.87 M4.74 M5 M6.78 M5.71 M
Debt Non Current269.08 M232.11 M209.04 M189.64 M175.02 M187.09 M
Total Debt USD271.77 M233.98 M213.78 M194.63 M181.8 M193.6 M
Deferred Revenue19.61 M26.88 M31.36 M24.57 M27.36 M28.93 M
Shareholders Equity329.93 M386.62 M388.86 M270.37 M256.6 M287.57 M
Shareholders Equity USD329.93 M386.62 M388.86 M270.37 M256.6 M287.57 M
Goodwill and Intangible Assets279.14 M258.33 M272.26 M168.17 M152.6 M187.47 M
Inventory150.2 M138.69 M145.79 M157.06 M157.58 M149.8 M
Total Liabilities406.03 M388.01 M393.86 M349.37 M352.53 M358.13 M
Current Liabilities102.89 M128.09 M120.64 M93.74 M118.61 M116.67 M
Liabilities Non Current303.14 M259.92 M273.22 M255.64 M233.92 M241.46 M
Trade and Non Trade Payables41.85 M50.66 M35.84 M26.45 M34.86 M34.99 M
Property Plant and Equipment Net125.83 M120.86 M136.1 M125.63 M111.41 M119.12 M
Trade and Non Trade Receivables132.63 M182.31 M148 M93.06 M107.44 M114.39 M
Accumulated Retained Earnings Deficit325.19 M376.57 M428.58 M312.8 M287.23 M299.11 M
Tax Liabilities5.38 M3.51 M5 M3.93 M3.53 M3.63 M

Be your own money manager

Our tools can tell you how much better you can do entering a position in Astronics without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Astronics

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 Astronics 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 Astronics will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Astronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astronics 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 Astronics - 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 Astronics Cp to buy it.
The correlation of Astronics is a statistical measure of how it moves in relation to other equities. 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 Astronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astronics Cp 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 Astronics 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
Please continue to Trending Equities. Note that the Astronics Cp information on this page should be used as a complementary analysis to other Astronics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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Is Astronics' 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 Astronics. If investors know Astronics 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 Astronics 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 YOY
-0.93
Market Capitalization
361.9 M
Quarterly Revenue Growth YOY
0.097
Return On Assets
-0.0305
Return On Equity
-0.0645
The market value of Astronics Cp is measured differently than its book value, which is the value of Astronics that is recorded on the company's balance sheet. Investors also form their own opinion of Astronics' value that differs from its market value or its book value, called intrinsic value, which is Astronics' 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 Astronics' market value can be influenced by many factors that don't directly affect Astronics' 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 Astronics' value and its price as these two are different measures arrived at by different means. Investors typically determine Astronics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astronics' 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.