Digital Intangible Assets vs Net Tangible Assets Analysis

DGLY Stock

USD 1.92 0.03 1.54%

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

For more information on how to buy Digital Stock please use our How to Invest in Digital Ally guide.

Intangible Assets vs Net Tangible Assets

Intangible Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digital Ally Intangible Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Digital Ally's Intangible Assets and Net Tangible Assets is 0.85. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Digital Ally, assuming nothing else is changed. The correlation between historical values of Digital Ally's Intangible Assets and Net Tangible Assets 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 Digital Ally are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Intangible Assets i.e., Digital Ally's Intangible Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Intangible Assets

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

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Digital Ally's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digital Ally 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digital Ally. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Digital Stock please use our How to Invest in Digital Ally guide.Selling General Administrative is likely to drop to about 9.9 M in 2025. Issuance Of Capital Stock is expected to grow at the current pace this year

	2022	2023	2024	2025 (projected)
Interest Expense	37.2K	3.1M	3.8M	4.0M
Depreciation And Amortization	2.2M	2.2M	45.0	42.75

Interest Expense Depreciation And Amortization

Digital Ally fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		-0.02	0.8	0.58	0.82	0.9	0.36	-0.6	-0.4	0.51	0.75	0.86	0.53	0.41	0.75	0.76	-0.58	0.63	0.19	0.96	0.67	0.56	0.88	0.88	0.05	0.52
Short Long Term Debt Total	-0.02		0.18	0.58	-0.53	0.0	0.67	0.57	-0.66	0.54	-0.29	0.25	0.49	0.5	-0.29	0.17	-0.08	0.46	-0.4	-0.01	0.47	0.72	0.12	-0.21	0.66	-0.27
Other Current Liab	0.8	0.18		0.7	0.54	0.53	0.41	-0.59	-0.37	0.42	0.81	0.62	0.39	0.28	0.81	0.5	-0.45	0.61	0.06	0.69	0.56	0.64	0.55	0.83	0.29	0.66
Total Current Liabilities	0.58	0.58	0.7		0.05	0.45	0.88	0.06	-0.79	0.91	0.21	0.76	0.85	0.83	0.21	0.67	-0.59	0.94	-0.36	0.55	0.81	0.97	0.55	0.37	0.81	0.11
Total Stockholder Equity	0.82	-0.53	0.54	0.05		0.74	-0.18	-0.85	0.11	-0.01	0.82	0.5	0.05	-0.08	0.82	0.47	-0.34	0.15	0.48	0.79	0.23	0.0	0.64	0.87	-0.44	0.62
Property Plant And Equipment Net	0.9	0.0	0.53	0.45	0.74		0.28	-0.38	-0.35	0.52	0.48	0.9	0.6	0.46	0.48	0.7	-0.51	0.56	0.05	0.96	0.59	0.48	0.98	0.65	-0.02	0.28
Current Deferred Revenue	0.36	0.67	0.41	0.88	-0.18	0.28		0.28	-0.96	0.88	-0.04	0.63	0.84	0.85	-0.04	0.58	-0.47	0.91	-0.46	0.35	0.89	0.91	0.37	0.12	0.75	-0.02
Net Debt	-0.6	0.57	-0.59	0.06	-0.85	-0.38	0.28		-0.24	0.28	-0.93	-0.17	0.26	0.37	-0.93	-0.12	0.09	0.03	-0.46	-0.51	-0.05	0.16	-0.27	-0.83	0.47	-0.83
Retained Earnings	-0.4	-0.66	-0.37	-0.79	0.11	-0.35	-0.96	-0.24		-0.81	0.02	-0.64	-0.8	-0.77	0.02	-0.6	0.49	-0.85	0.33	-0.41	-0.94	-0.87	-0.41	-0.16	-0.64	-0.03
Accounts Payable	0.51	0.54	0.42	0.91	-0.01	0.52	0.88	0.28	-0.81		-0.06	0.83	0.97	0.97	-0.06	0.75	-0.6	0.94	-0.44	0.54	0.8	0.92	0.63	0.17	0.76	-0.18
Cash	0.75	-0.29	0.81	0.21	0.82	0.48	-0.04	-0.93	0.02	-0.06		0.35	-0.06	-0.18	1.0	0.28	-0.22	0.19	0.39	0.63	0.26	0.14	0.42	0.93	-0.26	0.86
Non Current Assets Total	0.86	0.25	0.62	0.76	0.5	0.9	0.63	-0.17	-0.64	0.83	0.35		0.87	0.78	0.35	0.81	-0.62	0.86	-0.22	0.9	0.8	0.78	0.94	0.55	0.35	0.17
Non Currrent Assets Other	0.53	0.49	0.39	0.85	0.05	0.6	0.84	0.26	-0.8	0.97	-0.06	0.87		0.97	-0.06	0.75	-0.64	0.93	-0.47	0.58	0.8	0.88	0.69	0.17	0.63	-0.16
Other Assets	0.41	0.5	0.28	0.83	-0.08	0.46	0.85	0.37	-0.77	0.97	-0.18	0.78	0.97		-0.18	0.7	-0.55	0.9	-0.54	0.45	0.74	0.84	0.57	0.04	0.7	-0.28
Cash And Short Term Investments	0.75	-0.29	0.81	0.21	0.82	0.48	-0.04	-0.93	0.02	-0.06	1.0	0.35	-0.06	-0.18		0.28	-0.22	0.19	0.39	0.63	0.26	0.14	0.42	0.93	-0.26	0.86
Net Receivables	0.76	0.17	0.5	0.67	0.47	0.7	0.58	-0.12	-0.6	0.75	0.28	0.81	0.75	0.7	0.28		-0.68	0.75	0.12	0.72	0.74	0.67	0.71	0.55	0.35	0.07
Common Stock Total Equity	-0.58	-0.08	-0.45	-0.59	-0.34	-0.51	-0.47	0.09	0.49	-0.6	-0.22	-0.62	-0.64	-0.55	-0.22	-0.68		-0.63	-0.11	-0.55	-0.6	-0.54	-0.51	-0.44	-0.33	-0.01
Common Stock Shares Outstanding	0.63	0.46	0.61	0.94	0.15	0.56	0.91	0.03	-0.85	0.94	0.19	0.86	0.93	0.9	0.19	0.75	-0.63		-0.43	0.64	0.9	0.93	0.63	0.36	0.67	0.13
Inventory	0.19	-0.4	0.06	-0.36	0.48	0.05	-0.46	-0.46	0.33	-0.44	0.39	-0.22	-0.47	-0.54	0.39	0.12	-0.11	-0.43		0.06	-0.17	-0.37	-0.05	0.48	-0.47	0.2
Other Current Assets	0.96	-0.01	0.69	0.55	0.79	0.96	0.35	-0.51	-0.41	0.54	0.63	0.9	0.58	0.45	0.63	0.72	-0.55	0.64	0.06		0.67	0.54	0.93	0.78	0.07	0.45
Other Stockholder Equity	0.67	0.47	0.56	0.81	0.23	0.59	0.89	-0.05	-0.94	0.8	0.26	0.8	0.8	0.74	0.26	0.74	-0.6	0.9	-0.17	0.67		0.85	0.62	0.46	0.48	0.24
Total Liab	0.56	0.72	0.64	0.97	0.0	0.48	0.91	0.16	-0.87	0.92	0.14	0.78	0.88	0.84	0.14	0.67	-0.54	0.93	-0.37	0.54	0.85		0.59	0.31	0.76	0.04
Property Plant And Equipment Gross	0.88	0.12	0.55	0.55	0.64	0.98	0.37	-0.27	-0.41	0.63	0.42	0.94	0.69	0.57	0.42	0.71	-0.51	0.63	-0.05	0.93	0.62	0.59		0.59	0.11	0.19
Total Current Assets	0.88	-0.21	0.83	0.37	0.87	0.65	0.12	-0.83	-0.16	0.17	0.93	0.55	0.17	0.04	0.93	0.55	-0.44	0.36	0.48	0.78	0.46	0.31	0.59		-0.12	0.72
Short Term Debt	0.05	0.66	0.29	0.81	-0.44	-0.02	0.75	0.47	-0.64	0.76	-0.26	0.35	0.63	0.7	-0.26	0.35	-0.33	0.67	-0.47	0.07	0.48	0.76	0.11	-0.12		-0.25
Common Stock	0.52	-0.27	0.66	0.11	0.62	0.28	-0.02	-0.83	-0.03	-0.18	0.86	0.17	-0.16	-0.28	0.86	0.07	-0.01	0.13	0.2	0.45	0.24	0.04	0.19	0.72	-0.25

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Digital Ally Account Relationship Matchups

Digital Ally fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	20.8M	83.0M	56.7M	47.0M	27.7M	24.7M
Short Long Term Debt Total	996.8K	2.2M	1.8M	9.9M	8.7M	9.1M
Other Current Liab	796.1K	16.0M	1.6M	4.6M	5.8M	6.1M
Total Current Liabilities	3.7M	23.0M	13.5M	22.5M	29.7M	31.2M
Total Stockholder Equity	14.4M	55.8M	35.9M	10.8M	(7.8M)	(7.4M)
Property Plant And Equipment Net	1.4M	7.8M	8.7M	8.3M	1.1M	1.0M
Current Deferred Revenue	1.6M	1.7M	2.2M	2.9M	4.4M	4.6M
Net Debt	(3.4M)	(29.8M)	(1.8M)	9.2M	8.2M	8.6M
Retained Earnings	(90.0M)	(68.7M)	(92.0M)	(117.7M)	(137.5M)	(130.6M)
Accounts Payable	1.1M	4.6M	9.5M	10.7M	11.5M	12.1M
Cash	4.4M	32.0M	3.5M	680.5K	454.3K	431.6K
Non Current Assets Total	3.0M	26.8M	31.7M	31.4M	17.4M	18.3M
Non Currrent Assets Other	1.2M	2.1M	5.2M	6.6M	5.6M	5.9M
Cash And Short Term Investments	4.4M	32.0M	3.5M	680.5K	454.3K	431.6K
Net Receivables	3.2M	4.7M	6.1M	4.7M	5.4M	3.9M
Common Stock Shares Outstanding	1.1M	2.5M	2.5M	2.8M	3.6M	3.7M
Liabilities And Stockholders Equity	20.8M	83.0M	56.7M	47.0M	27.7M	24.7M
Inventory	8.2M	9.7M	6.8M	3.8M	2.6M	2.5M
Other Current Assets	2.0M	9.7M	8.5M	6.4M	1.9M	2.2M
Other Stockholder Equity	104.3M	124.4M	127.9M	128.4M	129.7M	136.2M
Total Liab	6.4M	27.1M	20.3M	35.6M	36.8M	38.6M
Property Plant And Equipment Gross	753.18	7.8M	8.7M	9.8M	1.8M	2.2M
Total Current Assets	17.8M	56.1M	25.0M	15.6M	10.4M	17.3M
Short Term Debt	125.2K	763.3K	780.0K	4.2M	8.0M	8.4M
Common Stock	26.8K	50.9K	2.7K	2.8K	5.8K	5.5K
Property Plant Equipment	247.5K	197.1K	1.4M	7.8M	9.0M	9.5M
Other Liab	2.0M	1.8M	1.8M	2.7M	3.1M	3.2M
Non Current Liabilities Total	2.7M	4.1M	6.8M	13.0M	7.0M	5.1M
Intangible Assets	392.6K	7.0M	6.5M	5.1M	3.7M	3.9M
Net Tangible Assets	(1.9M)	(6.7M)	14.0M	38.9M	44.7M	47.0M
Long Term Debt	148.3K	727.3K	442.5K	4.9M	141.1K	134.0K

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Digital Intangible Assets vs Net Tangible Assets Analysis

Intangible Assets vs Net Tangible Assets

Intangible Assets vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Intangible Assets

Net Tangible Assets

Digital Ally fundamental ratios Correlations

Digital Ally Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Digital Ally fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 0.98	Property Plant And Equipment Net
Total Liab	+ 0.97	Total Current Liabilities
Non Currrent Assets Other	+ 0.97	Accounts Payable
Other Assets	+ 0.97	Accounts Payable
Other Assets	+ 0.97	Non Currrent Assets Other

Retained Earnings	- 0.96	Current Deferred Revenue
Other Stockholder Equity	- 0.94	Retained Earnings
Cash And Short Term Investments	- 0.93	Net Debt
Cash	- 0.93	Net Debt
Total Liab	- 0.87	Retained Earnings
Common Stock Shares Outstanding	- 0.85	Retained Earnings