AXISCADES Intangible Assets vs Accounts Payable Analysis

AXISCADES   1,216  22.40  1.88%   
AXISCADES Technologies financial indicator trend analysis is way more than just evaluating AXISCADES Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AXISCADES Technologies is a good investment. Please check the relationship between AXISCADES Technologies Intangible Assets and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AXISCADES Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in banks.

Intangible Assets vs Accounts Payable

Intangible Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AXISCADES Technologies Intangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between AXISCADES Technologies' Intangible Assets and Accounts Payable is 0.39. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of AXISCADES Technologies Limited, assuming nothing else is changed. The correlation between historical values of AXISCADES Technologies' Intangible Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of AXISCADES Technologies Limited are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Intangible Assets i.e., AXISCADES Technologies' Intangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.39
Relationship DirectionPositive 
Relationship StrengthVery Weak

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Accounts Payable

An accounting item on the balance sheet that represents AXISCADES Technologies 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 AXISCADES Technologies 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 AXISCADES Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AXISCADES Technologies 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 AXISCADES Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in banks.
At present, AXISCADES Technologies' Tax Provision is projected to decrease significantly based on the last few years of reporting.
 2022 2023 2024 2025 (projected)
Interest Expense358.1M563.7M323.0M339.1M
Depreciation And Amortization265.7M337.9M396.0M415.8M

AXISCADES Technologies fundamental ratios Correlations

0.890.630.810.940.990.850.870.610.980.890.880.870.860.870.890.910.810.720.860.980.790.860.50.450.21
0.890.290.640.840.850.980.780.60.810.910.820.730.720.890.920.890.70.650.760.920.90.720.360.250.04
0.630.290.890.420.670.250.720.410.720.290.650.750.670.260.410.480.740.150.780.530.420.670.470.570.38
0.810.640.890.590.840.590.920.650.850.540.890.880.850.470.670.710.910.230.970.740.770.850.550.510.31
0.940.840.420.590.920.80.720.570.870.940.750.710.770.920.80.880.620.890.660.960.660.760.350.280.2
0.990.850.670.840.920.810.870.630.980.870.860.870.870.840.870.90.810.680.880.960.770.870.520.460.27
0.850.980.250.590.80.810.720.450.790.870.770.730.640.890.940.860.660.650.740.870.870.640.340.31-0.04
0.870.780.720.920.720.870.720.740.840.730.920.80.870.660.740.870.870.390.930.860.830.850.490.390.45
0.610.60.410.650.570.630.450.740.550.620.710.440.780.430.410.590.590.260.620.640.680.790.370.010.38
0.980.810.720.850.870.980.790.840.550.790.860.930.870.780.890.830.860.630.90.920.750.880.610.580.14
0.890.910.290.540.940.870.870.730.620.790.710.60.680.970.810.910.550.850.630.940.720.690.250.140.25
0.880.820.650.890.750.860.770.920.710.860.710.890.920.640.80.80.910.430.940.860.890.910.530.450.18
0.870.730.750.880.710.870.730.80.440.930.60.890.840.610.860.710.930.420.940.790.740.850.660.660.0
0.860.720.670.850.770.870.640.870.780.870.680.920.840.60.740.710.870.430.880.820.730.970.670.460.24
0.870.890.260.470.920.840.890.660.430.780.970.640.610.60.840.890.50.880.590.910.660.610.240.20.18
0.890.920.410.670.80.870.940.740.410.890.810.80.860.740.840.810.780.610.820.860.790.750.570.54-0.06
0.910.890.480.710.880.90.860.870.590.830.910.80.710.710.890.810.70.70.760.950.780.730.280.220.39
0.810.70.740.910.620.810.660.870.590.860.550.910.930.870.50.780.70.250.940.740.750.880.730.570.1
0.720.650.150.230.890.680.650.390.260.630.850.430.420.430.880.610.70.250.310.770.370.430.050.110.1
0.860.760.780.970.660.880.740.930.620.90.630.940.940.880.590.820.760.940.310.80.850.890.610.570.19
0.980.920.530.740.960.960.870.860.640.920.940.860.790.820.910.860.950.740.770.80.80.810.380.320.26
0.790.90.420.770.660.770.870.830.680.750.720.890.740.730.660.790.780.750.370.850.80.730.350.30.04
0.860.720.670.850.760.870.640.850.790.880.690.910.850.970.610.750.730.880.430.890.810.730.70.460.23
0.50.360.470.550.350.520.340.490.370.610.250.530.660.670.240.570.280.730.050.610.380.350.70.71-0.12
0.450.250.570.510.280.460.310.390.010.580.140.450.660.460.20.540.220.570.110.570.320.30.460.71-0.16
0.210.040.380.310.20.27-0.040.450.380.140.250.180.00.240.18-0.060.390.10.10.190.260.040.23-0.12-0.16
Click cells to compare fundamentals

AXISCADES Technologies Account Relationship Matchups

AXISCADES Technologies fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets7.4B7.9B9.0B11.4B11.3B11.8B
Short Long Term Debt Total1.0B720.6M3.5B3.2B2.6B2.7B
Other Current Liab1.8B2.4B720.8M805.4M1.2B752.5M
Total Current Liabilities3.4B4.4B3.6B3.4B2.9B1.8B
Total Stockholder Equity3.0B3.3B3.4B5.9B6.5B6.8B
Property Plant And Equipment Net1.7B1.6B1.7B2.2B2.2B2.3B
Net Debt553.8M113.6M2.7B2.6B2.1B2.2B
Accounts Payable506.2M695.3M750.9M637.3M582.1M410.6M
Cash487.2M606.9M750.7M556.1M523.5M309.5M
Non Current Assets Total3.8B3.6B3.7B4.8B4.8B5.1B
Cash And Short Term Investments899.0M775.1M1.9B1.7B2.2B2.3B
Net Receivables2.0B2.4B2.9B3.4B3.0B1.6B
Good Will1.0B1.1B1.1B1.6B1.5B1.0B
Short Term Investments411.8M168.2M1.1B1.2B1.7B1.7B
Liabilities And Stockholders Equity7.4B7.9B9.0B11.4B11.3B11.8B
Non Current Liabilities Total987.0M221.1M2.0B2.0B1.8B1.9B
Inventory233.0M515.8M658.5M693.3M608.7M639.1M
Other Current Assets470.6M773.4M819.5M819.2M625.1M416.5M
Total Liab4.4B4.6B5.6B5.5B4.7B2.6B
Total Current Assets3.6B4.3B5.4B6.6B6.4B6.8B
Accumulated Other Comprehensive Income649.2M756.7M853.4M908.4M1.0B1.1B
Short Term Debt623.3M605.0M1.5B1.5B985.1M644.7M
Non Currrent Assets Other263.8M237.3M308.3M255.8M218.7M219.5M
Intangible Assets352.5M289.8M262.0M306.3M324.3M312.5M
Current Deferred Revenue1.8B2.4B645.8M428.7M493.0M307.5M
Retained Earnings1.1B1.3B1.3B1.6B1.8B1.1B
Other Liab1.1B733.4M569.3M105.6M121.4M115.3M
Net Tangible Assets720.0M1.1B1.6B1.9B2.2B1.4B
Other Assets830.5M713.6M209.8M371.5M427.3M588.0M
Long Term Debt208.3M4.5M1.7B1.1B1.1B580.6M
Short Long Term Debt306.1M483.6M1.4B1.3B801.0M756.4M
Property Plant Equipment1.5B1.5B1.7B2.2B2.5B1.3B
Long Term Debt Total417.7M4.5M1.9B1.7B2.0B2.1B
Net Invested Capital3.5B3.8B6.5B8.2B8.4B6.0B

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Other Information on Investing in AXISCADES Stock

Balance Sheet is a snapshot of the financial position of AXISCADES Technologies at a specified time, usually calculated after every quarter, six months, or one year. AXISCADES Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of AXISCADES Technologies 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 AXISCADES currently owns. An asset can also be divided into two categories, current and non-current.