Great Other Current Assets vs Cash Analysis

AJX Stock

USD 3.30 0.05 1.49%

Great Ajax financial indicator trend analysis is much more than just examining Great Ajax Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Great Ajax Corp is a good investment. Please check the relationship between Great Ajax Other Current Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Great Ajax Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Other Current Assets vs Cash

Other Current Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Great Ajax Corp Other Current Assets account and Cash. At this time, the significance of the direction appears to have pay attention.

The correlation between Great Ajax's Other Current Assets and Cash is -0.79. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Great Ajax Corp, assuming nothing else is changed. The correlation between historical values of Great Ajax's Other Current Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Great Ajax Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Current Assets i.e., Great Ajax's Other Current Assets and Cash go up and down completely randomly.

Correlation Coefficient

-0.79

Relationship Direction	Negative
Relationship Strength	Weak

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Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Cash

Cash refers to the most liquid asset of Great Ajax Corp, which is listed under current asset account on Great Ajax Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Great Ajax customers. The amounts must be unrestricted with restricted cash listed in a different Great Ajax account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Great Ajax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Great Ajax Corp 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 Great Ajax Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

At this time, Great Ajax's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 25 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	15.2M	19.3M	47.6M	30.9M
Total Revenue	31.9M	35.6M	62.7M	39.7M

Gross Profit Total Revenue

Great Ajax fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		0.93	0.9	0.92	0.95	0.97	0.92	0.35	0.78	0.5	0.44	-0.14	0.65	0.45	0.25	0.91	0.91	0.93	0.71	-0.74	0.94	0.89	0.88	0.03	0.37	0.85
Short Long Term Debt Total	0.93		0.83	0.78	0.97	0.93	1.0	0.1	0.73	0.34	0.44	-0.11	0.58	0.62	0.19	0.79	0.94	0.87	0.6	-0.63	0.95	0.92	0.73	0.1	0.34	0.78
Total Current Liabilities	0.9	0.83		0.86	0.84	0.9	0.81	0.38	0.68	0.56	0.47	-0.04	0.71	0.43	-0.13	0.9	0.77	0.9	0.57	-0.66	0.81	0.72	0.78	-0.03	-0.01	0.99
Total Stockholder Equity	0.92	0.78	0.86		0.81	0.94	0.75	0.41	0.87	0.71	0.18	-0.35	0.81	0.14	0.18	0.87	0.84	0.85	0.52	-0.9	0.89	0.65	0.8	-0.12	0.3	0.81
Other Liab	0.95	0.97	0.84	0.81		0.93	0.97	0.27	0.75	0.34	0.47	-0.06	0.57	0.57	0.26	0.83	0.94	0.85	0.71	-0.63	0.94	0.92	0.83	0.15	0.38	0.77
Net Tangible Assets	0.97	0.93	0.9	0.94	0.93		0.91	0.28	0.82	0.53	0.29	-0.27	0.78	0.36	0.15	0.89	0.94	0.91	0.56	-0.82	0.97	0.8	0.8	-0.04	0.3	0.85
Net Debt	0.92	1.0	0.81	0.75	0.97	0.91		0.08	0.7	0.29	0.45	-0.09	0.55	0.64	0.2	0.78	0.94	0.86	0.6	-0.6	0.94	0.93	0.72	0.13	0.35	0.76
Retained Earnings	0.35	0.1	0.38	0.41	0.27	0.28	0.08		0.18	0.37	0.3	0.28	0.27	-0.13	0.03	0.54	0.06	0.3	0.67	-0.23	0.11	0.12	0.72	0.23	-0.08	0.36
Accounts Payable	0.78	0.73	0.68	0.87	0.75	0.82	0.7	0.18		0.73	0.03	-0.4	0.72	0.13	0.27	0.6	0.83	0.63	0.37	-0.87	0.84	0.59	0.62	-0.24	0.4	0.63
Cash	0.5	0.34	0.56	0.71	0.34	0.53	0.29	0.37	0.73		-0.17	-0.4	0.76	-0.25	-0.08	0.5	0.38	0.52	0.13	-0.79	0.43	0.13	0.42	-0.38	-0.01	0.6
Non Current Assets Total	0.44	0.44	0.47	0.18	0.47	0.29	0.45	0.3	0.03	-0.17		0.77	-0.25	0.85	-0.11	0.52	0.2	0.32	0.72	0.25	0.22	0.64	0.53	0.68	-0.13	0.44
Non Currrent Assets Other	-0.14	-0.11	-0.04	-0.35	-0.06	-0.27	-0.09	0.28	-0.4	-0.4	0.77		-0.57	0.57	-0.34	0.05	-0.37	-0.26	0.4	0.67	-0.36	0.1	0.13	0.75	-0.47	-0.04
Other Assets	0.65	0.58	0.71	0.81	0.57	0.78	0.55	0.27	0.72	0.76	-0.25	-0.57		-0.17	-0.11	0.63	0.67	0.72	0.11	-0.92	0.71	0.28	0.5	-0.4	0.03	0.71
Long Term Debt	0.45	0.62	0.43	0.14	0.57	0.36	0.64	-0.13	0.13	-0.25	0.85	0.57	-0.17		-0.09	0.41	0.4	0.34	0.49	0.18	0.38	0.74	0.34	0.61	-0.03	0.4
Cash And Short Term Investments	0.25	0.19	-0.13	0.18	0.26	0.15	0.2	0.03	0.27	-0.08	-0.11	-0.34	-0.11	-0.09		-0.03	0.33	0.15	0.38	-0.21	0.3	0.36	0.27	-0.18	0.97	-0.21
Net Receivables	0.91	0.79	0.9	0.87	0.83	0.89	0.78	0.54	0.6	0.5	0.52	0.05	0.63	0.41	-0.03		0.72	0.86	0.7	-0.63	0.77	0.72	0.88	0.24	0.05	0.86
Common Stock Total Equity	0.91	0.94	0.77	0.84	0.94	0.94	0.94	0.06	0.83	0.38	0.2	-0.37	0.67	0.4	0.33	0.72		0.83	0.48	-0.77	0.99	0.83	0.68	-0.1	0.49	0.71
Common Stock Shares Outstanding	0.93	0.87	0.9	0.85	0.85	0.91	0.86	0.3	0.63	0.52	0.32	-0.26	0.72	0.34	0.15	0.86	0.83		0.58	-0.73	0.86	0.77	0.76	-0.12	0.28	0.88
Non Current Liabilities Total	0.71	0.6	0.57	0.52	0.71	0.56	0.6	0.67	0.37	0.13	0.72	0.4	0.11	0.49	0.38	0.7	0.48	0.58		-0.21	0.51	0.76	0.91	0.4	0.34	0.51
Other Current Assets	-0.74	-0.63	-0.66	-0.9	-0.63	-0.82	-0.6	-0.23	-0.87	-0.79	0.25	0.67	-0.92	0.18	-0.21	-0.63	-0.77	-0.73	-0.21		-0.8	-0.4	-0.56	0.42	-0.35	-0.64
Other Stockholder Equity	0.94	0.95	0.81	0.89	0.94	0.97	0.94	0.11	0.84	0.43	0.22	-0.36	0.71	0.38	0.3	0.77	0.99	0.86	0.51	-0.8		0.84	0.72	-0.09	0.46	0.74
Total Liab	0.89	0.92	0.72	0.65	0.92	0.8	0.93	0.12	0.59	0.13	0.64	0.1	0.28	0.74	0.36	0.72	0.83	0.77	0.76	-0.4	0.84		0.75	0.22	0.46	0.66
Long Term Investments	0.88	0.73	0.78	0.8	0.83	0.8	0.72	0.72	0.62	0.42	0.53	0.13	0.5	0.34	0.27	0.88	0.68	0.76	0.91	-0.56	0.72	0.75		0.21	0.29	0.72
Short Long Term Debt	0.03	0.1	-0.03	-0.12	0.15	-0.04	0.13	0.23	-0.24	-0.38	0.68	0.75	-0.4	0.61	-0.18	0.24	-0.1	-0.12	0.4	0.42	-0.09	0.22	0.21		-0.25	-0.08
Total Current Assets	0.37	0.34	-0.01	0.3	0.38	0.3	0.35	-0.08	0.4	-0.01	-0.13	-0.47	0.03	-0.03	0.97	0.05	0.49	0.28	0.34	-0.35	0.46	0.46	0.29	-0.25		-0.09
Short Term Debt	0.85	0.78	0.99	0.81	0.77	0.85	0.76	0.36	0.63	0.6	0.44	-0.04	0.71	0.4	-0.21	0.86	0.71	0.88	0.51	-0.64	0.74	0.66	0.72	-0.08	-0.09

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Great Ajax Account Relationship Matchups

Great Ajax fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	1.7B	1.8B	1.5B	1.3B	1.4B
Short Long Term Debt Total	771.5M	695.5M	678.4M	677.5M	997.3M	675.7M
Total Current Liabilities	421.2M	443.8M	580.8M	106.0M	375.7M	341.7M
Total Stockholder Equity	359.9M	485.4M	497.3M	335.3M	308.9M	356.4M
Net Tangible Assets	359.9M	370.2M	382.2M	300.8M	345.9M	325.9M
Net Debt	707.2M	588.3M	594.0M	629.7M	944.5M	611.3M
Retained Earnings	49.4M	53.3M	66.4M	13.3M	(54.4M)	(51.7M)
Accounts Payable	7.1M	22.6M	11.1M	11.4M	13.2M	8.9M
Cash	64.3M	107.1M	84.4M	47.8M	52.8M	64.4M
Non Current Assets Total	319.3M	393.9M	521.8M	421.8M	407.8M	552.7M
Non Currrent Assets Other	(1.5M)	(719K)	(521.8M)	(421.8M)	(323.4M)	(307.2M)
Other Assets	1.2B	1.1B	1.1B	25.7M	744.1M	458.1M
Long Term Debt	118.8M	110.1M	102.8M	210.3M	621.6M	383.4M
Cash And Short Term Investments	64.3M	107.1M	84.4M	1.0B	52.8M	50.2M
Net Receivables	17.0M	15.8M	20.9M	7.5M	7.3M	13.1M
Common Stock Total Equity	222K	231K	233K	241K	277.2K	213.5K
Common Stock Shares Outstanding	28.2M	22.6M	30.3M	23.0M	24.3M	24.9M
Liabilities And Stockholders Equity	1.6B	1.7B	1.8B	1.5B	1.3B	1.4B
Non Current Liabilities Total	771.5M	695.5M	678.4M	1.0B	103.5M	98.3M
Other Current Assets	(81.4M)	(124.0M)	(109.6M)	(57.2M)	(60.1M)	(63.1M)
Other Stockholder Equity	308.9M	316.3M	314.5M	312.9M	342.5M	299.8M
Total Liab	771.5M	695.5M	678.4M	1.1B	1.0B	860.0M
Long Term Investments	1.5B	1.5B	1.5B	1.2B	323.4M	307.2M
Total Current Assets	81.4M	122.9M	105.3M	1.0B	184.4M	174.0M
Short Term Debt	414.1M	421.1M	546.1M	106.0M	375.7M	341.6M
Common Stock	222K	231K	233K	241K	285K	223.5K
Property Plant Equipment	1.5M	719K	6.1M	6.3M	7.3M	4.3M
Other Current Liab	7.1M	22.6M	34.7M	(375.7M)	(338.2M)	(321.3M)
Noncontrolling Interest In Consolidated Entity	24.2M	29.1M	3.2M	2.1M	1.9M	1.8M
Retained Earnings Total Equity	49.4M	53.3M	66.4M	13.3M	15.3M	14.5M
Long Term Debt Total	118.8M	110.1M	102.8M	210.3M	189.3M	278.0M
Capital Surpluse	309.4M	317.4M	316.2M	322.4M	370.8M	307.6M
Accumulated Other Comprehensive Income	1.3M	375K	1.0M	(25.6M)	(14.0M)	(13.3M)
Treasury Stock	(458K)	(1.2M)	(1.7M)	(9.5M)	(8.6M)	(8.1M)

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Great Other Current Assets vs Cash Analysis

Other Current Assets vs Cash

Other Current Assets vs Cash Correlation Analysis

Correlation Coefficient

Other Current Assets

Cash

Great Ajax fundamental ratios Correlations

Great Ajax Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Great Ajax fundamental ratios Accounts

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Net Debt	+ 1.0	Short Long Term Debt Total
Short Term Debt	+ 0.99	Total Current Liabilities
Other Stockholder Equity	+ 0.99	Common Stock Total Equity
Net Tangible Assets	+ 0.97	Total Assets
Other Liab	+ 0.97	Short Long Term Debt Total
Net Debt	+ 0.97	Other Liab

Other Current Assets	- 0.92	Other Assets
Other Current Assets	- 0.9	Total Stockholder Equity
Other Current Assets	- 0.87	Accounts Payable
Other Current Assets	- 0.82	Net Tangible Assets
Other Stockholder Equity	- 0.8	Other Current Assets
Other Current Assets	- 0.79	Cash