Allegheny Short Long Term Debt vs Net Working Capital Analysis

ATI Stock

USD 51.75 1.91 3.83%

Allegheny Technologies financial indicator trend analysis is way more than just evaluating Allegheny Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allegheny Technologies is a good investment. Please check the relationship between Allegheny Technologies Short Long Term Debt and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegheny Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Short Long Term Debt vs Net Working Capital

Short Long Term Debt vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allegheny Technologies Short Long Term Debt account and Net Working Capital. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Allegheny Technologies' Short Long Term Debt and Net Working Capital is 0.18. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Allegheny Technologies Incorporated, assuming nothing else is changed. The correlation between historical values of Allegheny Technologies' Short Long Term Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Allegheny Technologies Incorporated are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Short Long Term Debt i.e., Allegheny Technologies' Short Long Term Debt and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.18

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.

Net Working Capital

Most indicators from Allegheny Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allegheny 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 Allegheny Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

As of now, Allegheny Technologies' Tax Provision is increasing as compared to previous years. The Allegheny Technologies' current Sales General And Administrative To Revenue is estimated to increase to 0.01, while Selling General Administrative is projected to decrease to under 212.3 M.

	2021	2022	2023	2024 (projected)
Gross Profit	333.2M	714.2M	802.6M	460.2M
Total Revenue	2.8B	3.8B	7.5B	4.1B

Gross Profit Total Revenue

Allegheny Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Term Debt
Total Assets		0.48	-0.16	0.64	0.9	0.93	0.46	0.81	0.65	0.19	0.93	0.58	0.19	0.26	0.89	-0.7	0.01	0.73	0.9	0.24	0.19	0.83	0.58	0.68	-0.71	0.24
Short Long Term Debt Total	0.48		-0.44	0.61	0.11	0.37	0.74	0.01	0.43	0.63	0.26	-0.02	0.63	0.14	0.16	-0.54	0.48	0.74	0.57	-0.34	0.67	0.82	0.4	0.71	-0.45	0.28
Other Current Liab	-0.16	-0.44		-0.57	-0.05	-0.05	0.15	0.08	-0.09	-0.82	0.02	-0.05	-0.82	0.15	0.11	0.08	-0.24	-0.08	0.0	0.38	-0.31	-0.25	-0.05	-0.44	0.08	-0.79
Total Current Liabilities	0.64	0.61	-0.57		0.54	0.37	0.15	0.32	0.74	0.73	0.35	0.52	0.73	0.52	0.31	-0.38	0.32	0.31	0.62	0.22	0.23	0.57	0.37	0.91	-0.33	0.59
Total Stockholder Equity	0.9	0.11	-0.05	0.54		0.84	0.15	0.89	0.58	0.0	0.9	0.67	0.0	0.34	0.9	-0.53	-0.2	0.4	0.73	0.45	-0.16	0.51	0.54	0.5	-0.55	0.24
Property Plant And Equipment Net	0.93	0.37	-0.05	0.37	0.84		0.53	0.82	0.46	-0.07	0.98	0.43	-0.07	0.0	0.92	-0.65	-0.12	0.77	0.77	0.15	0.18	0.77	0.54	0.4	-0.69	0.13
Net Debt	0.46	0.74	0.15	0.15	0.15	0.53		0.16	0.29	-0.05	0.44	-0.14	-0.05	0.05	0.37	-0.52	0.22	0.78	0.56	-0.24	0.5	0.72	0.41	0.27	-0.46	-0.18
Retained Earnings	0.81	0.01	0.08	0.32	0.89	0.82	0.16		0.36	-0.17	0.89	0.65	-0.17	0.13	0.93	-0.3	-0.37	0.43	0.63	0.41	-0.21	0.47	0.18	0.29	-0.37	0.18
Accounts Payable	0.65	0.43	-0.09	0.74	0.58	0.46	0.29	0.36		0.3	0.43	0.32	0.3	0.75	0.37	-0.36	0.56	0.36	0.78	0.33	0.4	0.54	0.42	0.8	-0.31	-0.07
Cash	0.19	0.63	-0.82	0.73	0.0	-0.07	-0.05	-0.17	0.3		-0.12	0.12	1.0	0.14	-0.18	-0.21	0.47	0.2	0.21	-0.23	0.43	0.39	0.12	0.74	-0.14	0.63
Non Current Assets Total	0.93	0.26	0.02	0.35	0.9	0.98	0.44	0.89	0.43	-0.12		0.53	-0.12	0.05	0.97	-0.63	-0.22	0.69	0.75	0.25	0.03	0.7	0.53	0.37	-0.67	0.13
Non Currrent Assets Other	0.58	-0.02	-0.05	0.52	0.67	0.43	-0.14	0.65	0.32	0.12	0.53		0.12	0.18	0.58	-0.22	-0.39	0.14	0.48	0.49	-0.39	0.28	0.21	0.41	-0.24	0.4
Cash And Short Term Investments	0.19	0.63	-0.82	0.73	0.0	-0.07	-0.05	-0.17	0.3	1.0	-0.12	0.12		0.14	-0.18	-0.21	0.47	0.2	0.21	-0.23	0.43	0.39	0.12	0.74	-0.14	0.63
Net Receivables	0.26	0.14	0.15	0.52	0.34	0.0	0.05	0.13	0.75	0.14	0.05	0.18	0.14		0.11	-0.06	0.39	-0.12	0.41	0.47	0.02	0.06	0.22	0.55	0.02	-0.13
Good Will	0.89	0.16	0.11	0.31	0.9	0.92	0.37	0.93	0.37	-0.18	0.97	0.58	-0.18	0.11		-0.59	-0.34	0.61	0.72	0.34	-0.12	0.62	0.44	0.33	-0.65	0.14
Common Stock Total Equity	-0.7	-0.54	0.08	-0.38	-0.53	-0.65	-0.52	-0.3	-0.36	-0.21	-0.63	-0.22	-0.21	-0.06	-0.59		-0.08	-0.71	-0.7	0.07	-0.24	-0.73	-0.8	-0.53	0.98	-0.11
Common Stock Shares Outstanding	0.01	0.48	-0.24	0.32	-0.2	-0.12	0.22	-0.37	0.56	0.47	-0.22	-0.39	0.47	0.39	-0.34	-0.08		0.21	0.23	-0.29	0.76	0.28	0.14	0.48	0.0	-0.26
Non Current Liabilities Total	0.73	0.74	-0.08	0.31	0.4	0.77	0.78	0.43	0.36	0.2	0.69	0.14	0.2	-0.12	0.61	-0.71	0.21		0.75	-0.2	0.6	0.96	0.41	0.5	-0.71	0.0
Inventory	0.9	0.57	0.0	0.62	0.73	0.77	0.56	0.63	0.78	0.21	0.75	0.48	0.21	0.41	0.72	-0.7	0.23	0.75		0.15	0.35	0.84	0.53	0.77	-0.68	-0.01
Other Current Assets	0.24	-0.34	0.38	0.22	0.45	0.15	-0.24	0.41	0.33	-0.23	0.25	0.49	-0.23	0.47	0.34	0.07	-0.29	-0.2	0.15		-0.46	-0.11	0.08	0.1	0.06	-0.05
Other Stockholder Equity	0.19	0.67	-0.31	0.23	-0.16	0.18	0.5	-0.21	0.4	0.43	0.03	-0.39	0.43	0.02	-0.12	-0.24	0.76	0.6	0.35	-0.46		0.59	0.09	0.43	-0.21	-0.17
Total Liab	0.83	0.82	-0.25	0.57	0.51	0.77	0.72	0.47	0.54	0.39	0.7	0.28	0.39	0.06	0.62	-0.73	0.28	0.96	0.84	-0.11	0.59		0.47	0.71	-0.71	0.18
Property Plant And Equipment Gross	0.58	0.4	-0.05	0.37	0.54	0.54	0.41	0.18	0.42	0.12	0.53	0.21	0.12	0.22	0.44	-0.8	0.14	0.41	0.53	0.08	0.09	0.47		0.42	-0.7	0.04
Total Current Assets	0.68	0.71	-0.44	0.91	0.5	0.4	0.27	0.29	0.8	0.74	0.37	0.41	0.74	0.55	0.33	-0.53	0.48	0.5	0.77	0.1	0.43	0.71	0.42		-0.46	0.34
Common Stock	-0.71	-0.45	0.08	-0.33	-0.55	-0.69	-0.46	-0.37	-0.31	-0.14	-0.67	-0.24	-0.14	0.02	-0.65	0.98	0.0	-0.71	-0.68	0.06	-0.21	-0.71	-0.7	-0.46		-0.13
Short Term Debt	0.24	0.28	-0.79	0.59	0.24	0.13	-0.18	0.18	-0.07	0.63	0.13	0.4	0.63	-0.13	0.14	-0.11	-0.26	0.0	-0.01	-0.05	-0.17	0.18	0.04	0.34	-0.13

Click cells to compare fundamentals

Allegheny Technologies Account Relationship Matchups

Allegheny Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.6B	4.0B	4.3B	4.4B	5.0B	4.6B
Short Long Term Debt Total	1.4B	1.6B	1.8B	1.7B	2.2B	1.2B
Other Current Liab	237.8M	233.1M	233.4M	219.8M	256.8M	272.7M
Total Current Liabilities	849.2M	653.3M	856.4M	963.9M	977.1M	764.3M
Total Stockholder Equity	2.1B	521.1M	685.6M	1.0B	1.4B	1.6B
Property Plant And Equipment Net	2.5B	1.5B	1.5B	1.5B	1.7B	1.8B
Net Debt	908.1M	921.9M	1.2B	1.2B	1.4B	806.0M
Retained Earnings	1.7B	106.5M	72.7M	176.9M	(70.1M)	(66.6M)
Accounts Payable	521.2M	290.6M	375.5M	553.3M	524.8M	382.8M
Cash	490.8M	645.9M	687.7M	584M	743.9M	385.9M
Non Current Assets Total	3.3B	2.0B	2.0B	2.0B	2.2B	2.6B
Non Currrent Assets Other	355.7M	259M	222.1M	192.9M	354.3M	341.8M
Cash And Short Term Investments	490.8M	645.9M	687.7M	584M	743.9M	385.9M
Net Receivables	592.6M	384.7M	523.9M	643.3M	684.1M	542.1M
Good Will	525.8M	240.7M	227.9M	227.2M	261.3M	391.1M
Common Stock Shares Outstanding	146.5M	126.5M	127.1M	151.2M	150M	118.0M
Liabilities And Stockholders Equity	5.6B	4.0B	4.3B	4.4B	5.0B	4.6B
Non Current Liabilities Total	2.6B	2.7B	2.6B	2.3B	2.5B	2.1B
Inventory	1.2B	997.1M	1.0B	1.2B	1.2B	1.0B
Other Current Assets	64.3M	38.3M	48.8M	53.4M	62.2M	66.7M
Other Stockholder Equity	1.6B	1.6B	1.6B	1.6B	1.4B	977.8M
Total Liab	3.4B	3.4B	3.5B	3.3B	3.5B	2.9B
Property Plant And Equipment Gross	2.5B	1.5B	1.5B	1.5B	3.7B	3.9B
Total Current Assets	2.3B	2.1B	2.3B	2.5B	2.7B	2.0B
Accumulated Other Comprehensive Income	(1.2B)	(1.2B)	(991.7M)	(725.2M)	(83.2M)	(87.4M)
Intangible Assets	96.3M	87.9M	65.9M	58.5M	51.1M	48.5M
Other Liab	1.1B	1.2B	884.5M	578.5M	665.3M	1.0B
Other Assets	115.7M	259.4M	259M	222.1M	173.6M	217.6M
Long Term Debt	1.4B	1.6B	1.7B	1.7B	2.1B	1.3B
Treasury Stock	(30.6M)	(18.2M)	(4.8M)	(87M)	(100.1M)	(105.1M)
Property Plant Equipment	2.5B	1.5B	1.5B	1.5B	1.8B	1.9B
Short Term Investments	117.6M	300M	487.7M	464.9M	700K	665K
Current Deferred Revenue	78.7M	111.8M	116.2M	149.1M	163.6M	132.7M
Net Tangible Assets	1.6B	280.4M	457.7M	818.7M	736.8M	1.1B
Noncontrolling Interest In Consolidated Entity	103.1M	120.3M	147.1M	111.3M	128.0M	115.1M
Retained Earnings Total Equity	1.7B	106.5M	72.7M	176.9M	159.2M	151.2M

Pair Trading with Allegheny Technologies

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 Allegheny Technologies 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 Allegheny Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Allegheny Stock

0.66	WS	Worthington Steel	Pair Corr
0.9	ESAB	ESAB Corp Financial Report 7th of May 2024	Pair Corr

Moving against Allegheny Stock

0.83	SGBX	SG Blocks	Pair Corr
0.72	BA	Boeing Financial Report 24th of July 2024	Pair Corr
0.69	AZ	A2Z Smart Technologies	Pair Corr
0.53	PRLB	Proto Labs Financial Report 3rd of May 2024	Pair Corr
0.51	AP	Ampco Pittsburgh	Pair Corr

The ability to find closely correlated positions to Allegheny Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegheny Technologies 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 Allegheny Technologies - 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 Allegheny Technologies Incorporated to buy it.

The correlation of Allegheny Technologies 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 Allegheny Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegheny Technologies 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 Allegheny Technologies 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 Correlation Correlation Matching

When determining whether Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' 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 Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:

How To Invest In Allegheny

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Is Allegheny Stock a good investment?

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What is Allegheny Technologies' Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegheny Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running Allegheny Technologies' price analysis, check to measure Allegheny Technologies' 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 Allegheny Technologies is operating at the current time. Most of Allegheny Technologies' value examination focuses on studying past and present price action to predict the probability of Allegheny Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegheny Technologies' price. Additionally, you may evaluate how the addition of Allegheny Technologies to your portfolios can decrease your overall portfolio volatility.

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Is Allegheny Technologies' 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 Allegheny Technologies. If investors know Allegheny 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 Allegheny Technologies 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

(0.32)

Earnings Share

2.81

Revenue Per Share

32.582

Quarterly Revenue Growth

0.053

Return On Assets

0.0537

The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' 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 Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' 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 Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' 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.

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Allegheny Short Long Term Debt vs Net Working Capital Analysis

Short Long Term Debt vs Net Working Capital

Short Long Term Debt vs Net Working Capital Correlation Analysis

Correlation Coefficient

Short Long Term Debt

Net Working Capital

Allegheny Technologies fundamental ratios Correlations

Allegheny Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Allegheny Technologies fundamental ratios Accounts

Pair Trading with Allegheny Technologies

Moving together with Allegheny Stock

Moving against Allegheny Stock

Complementary Tools for Allegheny Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Common Stock	+ 0.98	Common Stock Total Equity
Good Will	+ 0.97	Non Current Assets Total
Total Liab	+ 0.96	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.93	Total Assets

Cash And Short Term Investments	- 0.82	Other Current Liab
Cash	- 0.82	Other Current Liab
Property Plant And Equipment Gross	- 0.8	Common Stock Total Equity
Short Term Debt	- 0.79	Other Current Liab
Total Liab	- 0.73	Common Stock Total Equity
Common Stock	- 0.71	Total Liab