Ashford Cash And Short Term Investments vs Long Term Debt Analysis
AHT Stock | USD 1.15 0.02 1.71% |
Ashford Hospitality financial indicator trend analysis is way more than just evaluating Ashford Hospitality Trust prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ashford Hospitality Trust is a good investment. Please check the relationship between Ashford Hospitality Cash And Short Term Investments and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashford Hospitality Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
Cash And Short Term Investments vs Long Term Debt
Cash And Short Term Investments vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashford Hospitality Trust Cash And Short Term Investments account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ashford Hospitality's Cash And Short Term Investments and Long Term Debt is 0.67. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Ashford Hospitality Trust, assuming nothing else is changed. The correlation between historical values of Ashford Hospitality's Cash And Short Term Investments and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Ashford Hospitality Trust are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash And Short Term Investments i.e., Ashford Hospitality's Cash And Short Term Investments and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Ashford Hospitality Trust balance sheet. This account contains Ashford Hospitality investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Ashford Hospitality Trust fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Long Term Debt
Long-term debt is a debt that Ashford Hospitality Trust has held for over one year. Long-term debt appears on Ashford Hospitality Trust balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Ashford Hospitality Trust balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Ashford Hospitality's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ashford Hospitality Trust 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 Ashford Hospitality Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. At this time, Ashford Hospitality's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 3.8 B in 2024, whereas Discontinued Operations is likely to drop slightly above 26.4 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 697.0M | 953.2M | 1.2B | 674.5M | Depreciation And Amortization | 218.9M | 197.1M | 187.8M | 170.3M |
Ashford Hospitality fundamental ratios Correlations
Click cells to compare fundamentals
Ashford Hospitality Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ashford Hospitality fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.7B | 3.7B | 4.1B | 3.9B | 3.5B | 3.2B | |
Property Plant And Equipment Net | 50.0M | 45.0M | 44.6M | 43.9M | 44.0M | 41.8M | |
Non Currrent Assets Other | 17.9M | 23.3M | 16.2M | 3.2B | 3.1B | 3.2B | |
Other Assets | 19.2M | 3.6B | 188.9M | 283.6M | 3.2B | 3.4B | |
Common Stock Shares Outstanding | 998.4K | 1.6M | 21.8M | 34.3M | 34.5M | 36.2M | |
Liabilities And Stockholders Equity | 4.7B | 3.7B | 4.1B | 3.9B | 3.5B | 3.2B | |
Total Liab | 4.4B | 4.0B | 4.1B | 4.0B | 3.7B | 2.6B | |
Short Long Term Debt Total | 4.2B | 3.8B | 3.9B | 3.9B | 3.5B | 2.7B | |
Other Current Liab | 29.9M | 113.1M | 20.5M | (43.8M) | 14.7M | 15.4M | |
Total Stockholder Equity | 268.8M | (283.6M) | (2.7M) | (150.4M) | (261.1M) | (248.1M) | |
Other Liab | 28.0M | 7.5M | 7.0M | 6.3M | 5.7M | 5.4M | |
Net Debt | 3.9B | 3.7B | 3.3B | 3.5B | 3.2B | 2.5B | |
Accounts Payable | 134.3M | 100.0M | 117.7M | 116.0M | 129.3M | 85.6M | |
Cash | 262.6M | 92.9M | 592.1M | 417.1M | 311.3M | 219.3M | |
Long Term Debt | 4.1B | 3.7B | 3.9B | 3.8B | 3.4B | 2.6B | |
Short Term Investments | 14.6M | 263K | 501K | 3.1B | 13.7M | 13.0M | |
Non Current Liabilities Total | 4.2B | 3.8B | 3.9B | 3.9B | 3.5B | 2.7B | |
Inventory | 4.3M | 2.4M | 3.3M | 3.9M | 3.7M | 3.0M | |
Other Current Assets | 157.5M | 92.8M | 112.9M | (3.0B) | (390.9M) | (371.4M) | |
Other Stockholder Equity | 1.8B | 1.8B | 2.4B | 2.4B | 2.4B | 1.5B | |
Retained Earnings | (1.6B) | (2.1B) | (2.4B) | (2.5B) | (2.7B) | (2.6B) | |
Non Current Assets Total | 4.2B | 3.5B | 3.3B | 3.3B | 3.0B | 3.1B | |
Cash And Short Term Investments | 277.2M | 92.9M | 592.1M | 417.1M | 311.3M | 239.5M | |
Total Current Assets | 506.8M | 233.4M | 789.2M | 663.3M | 414.7M | 478.2M | |
Total Current Liabilities | 164.3M | 213.1M | 138.1M | 135.7M | 194.9M | 160.9M | |
Net Receivables | 67.7M | 45.2M | 80.8M | 84.4M | 75.9M | 66.8M | |
Common Stock Total Equity | 1.0M | 1.0M | 644K | 345K | 396.8K | 376.9K | |
Common Stock | 1.0M | 1.0M | 644K | 345K | 374K | 694.3K | |
Current Deferred Revenue | (3.3B) | (2.9B) | (3.3B) | (3.0B) | (2.7B) | (2.6B) | |
Short Term Debt | 3.3B | 2.9B | 3.3B | 63.5M | 3.1B | 3.2B | |
Noncontrolling Interest In Consolidated Entity | 646K | 616K | 504K | 166K | 190.9K | 181.4K | |
Retained Earnings Total Equity | (1.6B) | (2.1B) | (2.4B) | (2.5B) | (2.3B) | (2.2B) | |
Deferred Long Term Liab | 2.9M | 1.9M | 5.0M | 2.7M | 3.1M | 2.5M |
Pair Trading with Ashford Hospitality
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 Ashford Hospitality 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 Ashford Hospitality will appreciate offsetting losses from the drop in the long position's value.Moving together with Ashford Stock
Moving against Ashford Stock
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The ability to find closely correlated positions to Ashford Hospitality could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashford Hospitality 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 Ashford Hospitality - 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 Ashford Hospitality Trust to buy it.
The correlation of Ashford Hospitality 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 Ashford Hospitality moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashford Hospitality Trust 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 Ashford Hospitality 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.Additional Tools for Ashford Stock Analysis
When running Ashford Hospitality's price analysis, check to measure Ashford Hospitality'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 Ashford Hospitality is operating at the current time. Most of Ashford Hospitality's value examination focuses on studying past and present price action to predict the probability of Ashford Hospitality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashford Hospitality's price. Additionally, you may evaluate how the addition of Ashford Hospitality to your portfolios can decrease your overall portfolio volatility.