Axos Balance Sheet Analysis

AX Stock  USD 48.86  0.10  0.20%   
Most accounts from Axos Financial's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Axos Financial current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Axos Financial Valuation and Axos Financial Correlation analysis.
For more information on how to buy Axos Stock please use our How to Invest in Axos Financial guide.
  
At this time, Axos Financial's Accounts Payable is fairly stable compared to the past year. Cash is likely to rise to about 2.7 B in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 476.3 M in 2024.
Most accounts from Axos Financial's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Axos Financial current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Axos Financial Valuation and Axos Financial Correlation analysis.
For more information on how to buy Axos Stock please use our How to Invest in Axos Financial guide.At this time, Axos Financial's Accounts Payable is fairly stable compared to the past year. Cash is likely to rise to about 2.7 B in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 476.3 M in 2024.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total562.7M451.8M519.5M476.3M
Total Assets17.5B20.3B23.4B24.6B

Axos Financial balance sheet Correlations

-0.010.921.0-0.880.990.430.221.00.020.820.960.990.930.940.66-0.170.890.950.920.860.52-0.02-0.910.90.0
-0.01-0.15-0.020.370.060.740.73-0.010.36-0.09-0.16-0.1-0.14-0.140.580.18-0.16-0.08-0.130.110.641.00.20.120.47
0.92-0.150.91-0.850.890.280.030.920.10.920.980.930.990.860.51-0.230.960.850.970.740.37-0.16-0.980.8-0.28
1.0-0.020.91-0.871.00.440.231.00.040.820.950.990.920.930.65-0.150.90.940.920.860.52-0.03-0.90.910.02
-0.880.37-0.85-0.87-0.84-0.150.06-0.880.25-0.67-0.92-0.89-0.83-0.96-0.370.23-0.77-0.94-0.8-0.69-0.260.380.89-0.720.12
0.990.060.891.0-0.840.490.310.990.040.80.930.980.90.920.71-0.110.870.940.90.880.570.05-0.870.920.1
0.430.740.280.44-0.150.490.860.430.320.270.280.360.280.30.630.00.220.350.260.580.80.72-0.260.610.5
0.220.730.030.230.060.310.860.220.230.070.030.130.020.080.620.420.00.140.010.530.770.720.00.50.78
1.0-0.010.921.0-0.880.990.430.220.020.820.960.990.930.940.66-0.170.890.950.920.850.52-0.02-0.910.90.0
0.020.360.10.040.250.040.320.230.020.06-0.010.020.11-0.170.08-0.040.17-0.150.090.130.10.35-0.030.17-0.08
0.82-0.090.920.82-0.670.80.270.070.820.060.870.830.940.670.49-0.20.950.680.950.670.4-0.1-0.880.73-0.26
0.96-0.160.980.95-0.920.930.280.030.96-0.010.870.970.970.940.52-0.260.930.930.950.750.37-0.17-0.970.8-0.2
0.99-0.10.930.99-0.890.980.360.130.990.020.830.970.940.940.6-0.20.920.950.940.820.45-0.1-0.920.87-0.06
0.93-0.140.990.92-0.830.90.280.020.930.110.940.970.940.840.52-0.240.980.840.990.740.38-0.15-0.970.8-0.27
0.94-0.140.860.93-0.960.920.30.080.94-0.170.670.940.940.840.54-0.230.781.00.820.750.39-0.15-0.870.78-0.03
0.660.580.510.65-0.370.710.630.620.660.080.490.520.60.520.540.360.490.590.520.650.750.58-0.480.650.41
-0.170.18-0.23-0.150.23-0.110.00.42-0.17-0.04-0.2-0.26-0.2-0.24-0.230.36-0.23-0.21-0.250.080.220.190.240.020.57
0.89-0.160.960.9-0.770.870.220.00.890.170.950.930.920.980.780.49-0.230.780.980.710.35-0.17-0.920.76-0.26
0.95-0.080.850.94-0.940.940.350.140.95-0.150.680.930.950.841.00.59-0.210.780.820.780.46-0.09-0.870.80.01
0.92-0.130.970.92-0.80.90.260.010.920.090.950.950.940.990.820.52-0.250.980.820.720.39-0.14-0.950.78-0.29
0.860.110.740.86-0.690.880.580.530.850.130.670.750.820.740.750.650.080.710.780.720.660.09-0.720.970.29
0.520.640.370.52-0.260.570.80.770.520.10.40.370.450.380.390.750.220.350.460.390.660.64-0.360.630.46
-0.021.0-0.16-0.030.380.050.720.72-0.020.35-0.1-0.17-0.1-0.15-0.150.580.19-0.17-0.09-0.140.090.640.210.110.47
-0.910.2-0.98-0.90.89-0.87-0.260.0-0.91-0.03-0.88-0.97-0.92-0.97-0.87-0.480.24-0.92-0.87-0.95-0.72-0.360.21-0.780.3
0.90.120.80.91-0.720.920.610.50.90.170.730.80.870.80.780.650.020.760.80.780.970.630.11-0.780.22
0.00.47-0.280.020.120.10.50.780.0-0.08-0.26-0.2-0.06-0.27-0.030.410.57-0.260.01-0.290.290.460.470.30.22
Click cells to compare fundamentals

Axos Financial Account Relationship Matchups

Axos Financial balance sheet Accounts

201920202021202220232024 (projected)
Total Assets13.9B14.3B17.5B20.3B23.4B24.6B
Net Debt(1.3B)(140.8M)(639.8M)(1.8B)(1.6B)(1.5B)
Other Assets11.4B12.7B15.1B17.1B19.7B20.6B
Total Liab12.6B12.9B15.8B18.4B21.2B22.3B
Short Term Debt152.0M974.5M27.5M206.0M236.9M258.1M
Other Liab327.2M535.4M829.1M397.2M456.8M479.6M
Retained Earnings1.0B1.2B1.4B1.7B2.0B2.1B
Accounts Payable550.1M745.0M829.1M696.6M801.1M841.1M
Cash1.8B715.6M1.2B2.2B2.6B2.7B
Long Term Debt235.8M574.9M562.7M451.8M519.5M545.5M
Net Receivables220.3M369.8M471.9M374.1M430.2M451.7M
Inventory(2.4B)(2.0B)(2.4B)(2.9B)(2.6B)(2.5B)
Total Current Assets2.2B1.3B1.9B2.8B3.3B2.3B
Common Stock673K681K689K695K799.3K839.2K
Other Current Liab(702.1M)(745.0M)(54.4M)(696.6M)(626.9M)(595.6M)
Treasury Stock(82.5M)(148.8M)(195.1M)(222.5M)(200.3M)(190.3M)
Good Will125.4M116.0M156.4M152.1M175.0M183.7M
Intangible Assets10.7M17.9M25.2M25.4M29.3M30.7M
Net Tangible Assets1.1B1.3B1.6B1.8B2.0B1.0B
Long Term Debt Total235.8M221.4M445.2M361.8M416.0M436.8M
Capital Surpluse411.9M432.6M453.8M479.9M551.9M387.2M

Pair Trading with Axos Financial

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

Moving together with Axos Stock

  0.8BY Byline Bancorp Report 25th of April 2024 PairCorr
  0.78PB Prosperity Bancshares Earnings Call This WeekPairCorr

Moving against Axos Stock

  0.51TECTP Tectonic FinancialPairCorr
  0.49WF Woori Financial Group Earnings Call TodayPairCorr
  0.47KB KB Financial Group Earnings Call This WeekPairCorr
  0.43DB Deutsche Bank AG Earnings Call This WeekPairCorr
  0.41CFG-PD Citizens FinancialPairCorr
The ability to find closely correlated positions to Axos Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axos Financial 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 Axos Financial - 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 Axos Financial to buy it.
The correlation of Axos Financial 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 Axos Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axos Financial 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 Axos Financial 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 Axos Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Axos Financial'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 Axos Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Axos Financial Stock:
Check out Axos Financial Valuation and Axos Financial Correlation analysis.
For more information on how to buy Axos Stock please use our How to Invest in Axos Financial guide.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for Axos Stock analysis

When running Axos Financial's price analysis, check to measure Axos Financial'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 Axos Financial is operating at the current time. Most of Axos Financial's value examination focuses on studying past and present price action to predict the probability of Axos Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axos Financial's price. Additionally, you may evaluate how the addition of Axos Financial to your portfolios can decrease your overall portfolio volatility.
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Is Axos Financial'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 Axos Financial. If investors know Axos 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 Axos Financial 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
0.941
Earnings Share
6.74
Revenue Per Share
15.998
Quarterly Revenue Growth
0.096
Return On Assets
0.0199
The market value of Axos Financial is measured differently than its book value, which is the value of Axos that is recorded on the company's balance sheet. Investors also form their own opinion of Axos Financial's value that differs from its market value or its book value, called intrinsic value, which is Axos Financial'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 Axos Financial's market value can be influenced by many factors that don't directly affect Axos Financial'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 Axos Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axos Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axos Financial'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.