Atlantica Long Term Debt vs Total Current Liabilities Analysis

AY Stock  USD 22.09  0.01  0.05%   
Atlantica Sustainable financial indicator trend analysis is way more than just evaluating Atlantica Sustainable prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Atlantica Sustainable is a good investment. Please check the relationship between Atlantica Sustainable Long Term Debt and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlantica Sustainable Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Long Term Debt vs Total Current Liabilities

Long Term Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Atlantica Sustainable Long Term Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Atlantica Sustainable's Long Term Debt and Total Current Liabilities is 0.4. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Atlantica Sustainable Infrastructure, assuming nothing else is changed. The correlation between historical values of Atlantica Sustainable's Long Term Debt and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Atlantica Sustainable Infrastructure are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Long Term Debt i.e., Atlantica Sustainable's Long Term Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Long Term Debt

Long-term debt is a debt that Atlantica Sustainable has held for over one year. Long-term debt appears on Atlantica Sustainable Infrastructure 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 Atlantica Sustainable Infrastructure 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.

Total Current Liabilities

Total Current Liabilities is an item on Atlantica Sustainable balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Atlantica Sustainable Infrastructure are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Atlantica Sustainable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Atlantica Sustainable 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 Atlantica Sustainable Infrastructure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
At this time, Atlantica Sustainable's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.18 in 2024, whereas Tax Provision is likely to drop slightly above 750.5 K in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense361.3M333.3M375.9M350.3M
Depreciation And Amortization421.2M436.4M415.4M316.8M

Atlantica Sustainable fundamental ratios Correlations

0.990.090.630.930.99-0.160.931.00.260.970.070.980.541.00.940.631.00.96-0.260.11-0.480.950.730.69-0.88
0.990.030.60.891.0-0.140.940.990.330.980.110.980.450.990.960.60.990.93-0.330.08-0.540.970.790.64-0.86
0.090.030.070.320.04-0.89-0.030.1-0.10.0-0.060.030.060.040.00.030.070.180.10.650.630.01-0.190.32-0.34
0.630.60.070.630.62-0.090.40.65-0.030.48-0.20.50.320.630.421.00.650.610.030.0-0.380.40.280.4-0.5
0.930.890.320.630.9-0.290.80.940.110.86-0.120.90.650.920.80.620.930.91-0.110.29-0.250.830.540.71-0.86
0.991.00.040.620.9-0.150.930.990.30.960.080.970.450.990.940.630.990.94-0.30.1-0.540.960.790.63-0.85
-0.16-0.14-0.89-0.09-0.29-0.15-0.1-0.16-0.22-0.11-0.09-0.10.18-0.1-0.14-0.07-0.12-0.160.22-0.49-0.4-0.12-0.05-0.170.3
0.930.94-0.030.40.80.93-0.10.910.480.990.280.960.430.940.990.410.910.83-0.48-0.07-0.520.960.730.63-0.82
1.00.990.10.650.940.99-0.160.910.230.960.040.980.560.990.920.651.00.96-0.230.13-0.470.940.710.69-0.88
0.260.33-0.1-0.030.110.3-0.220.480.230.420.440.33-0.280.290.470.00.220.04-1.0-0.41-0.240.380.340.06-0.15
0.970.980.00.480.860.96-0.110.990.960.420.160.990.480.970.980.480.960.88-0.420.02-0.50.980.750.64-0.84
0.070.11-0.06-0.2-0.120.08-0.090.280.040.440.160.13-0.210.080.32-0.180.030.02-0.44-0.52-0.280.170.220.18-0.22
0.980.980.030.50.90.97-0.10.960.980.330.990.130.560.990.970.50.980.93-0.330.06-0.470.980.730.69-0.88
0.540.450.060.320.650.450.180.430.56-0.280.48-0.210.560.560.40.290.570.620.280.070.020.420.00.64-0.55
1.00.990.040.630.920.99-0.10.940.990.290.970.080.990.560.940.631.00.95-0.290.06-0.490.950.710.69-0.88
0.940.960.00.420.80.94-0.140.990.920.470.980.320.970.40.940.430.920.85-0.47-0.05-0.530.970.770.64-0.84
0.630.60.031.00.620.63-0.070.410.650.00.48-0.180.50.290.630.430.650.60.0-0.04-0.420.410.30.38-0.48
1.00.990.070.650.930.99-0.120.911.00.220.960.030.980.571.00.920.650.97-0.220.12-0.480.940.70.69-0.88
0.960.930.180.610.910.94-0.160.830.960.040.880.020.930.620.950.850.60.97-0.040.26-0.360.90.640.74-0.91
-0.26-0.330.10.03-0.11-0.30.22-0.48-0.23-1.0-0.42-0.44-0.330.28-0.29-0.470.0-0.22-0.040.410.24-0.38-0.34-0.060.15
0.110.080.650.00.290.1-0.49-0.070.13-0.410.02-0.520.060.070.06-0.05-0.040.120.260.410.410.110.090.06-0.21
-0.48-0.540.63-0.38-0.25-0.54-0.4-0.52-0.47-0.24-0.5-0.28-0.470.02-0.49-0.53-0.42-0.48-0.360.240.41-0.52-0.740.080.16
0.950.970.010.40.830.96-0.120.960.940.380.980.170.980.420.950.970.410.940.9-0.380.11-0.520.830.6-0.83
0.730.79-0.190.280.540.79-0.050.730.710.340.750.220.730.00.710.770.30.70.64-0.340.09-0.740.830.21-0.52
0.690.640.320.40.710.63-0.170.630.690.060.640.180.690.640.690.640.380.690.74-0.060.060.080.60.21-0.9
-0.88-0.86-0.34-0.5-0.86-0.850.3-0.82-0.88-0.15-0.84-0.22-0.88-0.55-0.88-0.84-0.48-0.88-0.910.15-0.210.16-0.83-0.52-0.9
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Atlantica Sustainable Account Relationship Matchups

Atlantica Sustainable fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.7B9.9B9.8B9.1B8.7B9.1B
Short Long Term Debt Total5.6B6.2B6.1B5.6B5.5B5.3B
Other Current Liab33.6M54.3M33.6M24.4M92.2M96.8M
Total Current Liabilities973.4M483.3M824.4M519.0M607.8M782.9M
Total Stockholder Equity1.5B1.5B1.5B1.6B1.4B1.6B
Net Debt5.0B5.4B5.4B5.0B5.0B4.7B
Accounts Payable128.1M92.6M113.9M140.2M77.3M98.3M
Cash562.8M868.5M622.7M601.0M448.3M538.4M
Non Current Assets Total8.5B8.5B8.6B8.1B7.7B8.1B
Non Currrent Assets Other8.5B8.5T8.6T585.9B7.2B6.8B
Cash And Short Term Investments781.4M1.1B830.1M796.9M637.2M719.6M
Net Receivables317.6M331.7M307.1M200.3M273.8M276.7M
Liabilities And Stockholders Equity9.7B9.9B9.8B9.1B8.7B9.1B
Non Current Liabilities Total7.0B7.7B7.2B6.8B5.7B6.4B
Other Stockholder Equity1.7B1.0B872.0M986.6M736.6M1.1B
Total Liab7.9B8.2B8.0B7.3B6.3B7.2B
Total Current Assets1.1B1.4B1.2B1.0B982.2M1.0B
Accumulated Other Comprehensive Income1.9B878.5M1.1B999.2M1.0B1.4B
Short Term Debt811.1M336.0M676.4M343.2M421.4M579.0M
Intangible Assets8.2B8.2B8.0B7.5B7.2B7.6B
Other Liab1.9B1.4B1.5B1.5B1.7B1.7B
Property Plant And Equipment Net(8.5B)(8.5T)(8.6T)(585.9B)(7.2B)(7.6B)
Current Deferred Revenue565K416K542K11.2M16.9M17.8M
Other Assets1K153.4M183.1M239.5M215.5M204.7M
Long Term Debt4.8B5.9B5.4B5.2B5.0B5.0B
Common Stock Shares Outstanding101.1M103.4M111.0M114.7M116.2M108.1M
Short Term Investments218.6M200.1M207.4M195.9M188.9M169.0M
Inventory20.3M24.0M29.7M34.5M29.9M24.0M
Other Current Assets536.1M443.2B428.7B219.4M41.4M39.3M
Net Tangible Assets(5.6B)(5.5B)(4.9B)(4.3B)(4.9B)(5.2B)
Long Term Investments139.9M116.6M391.2M260.0M230.3M186.4M
Short Long Term Debt811.1M336.0M676.4M343.2M421.4M733.7M
Retained Earnings(385.5M)(373.5M)(398.7M)(397.5M)(351.5M)(369.1M)
Common Stock10.2M10.7M11.2M11.6M11.6M11.4M
Property Plant Equipment205.6M270.9M773.9M844.4M760.0M722.0M
Non Current Liabilities Other1.6B1.2B1.3B45.4M44.5M42.3M

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