Direct Net Tangible Assets vs Cash And Short Term Investments Analysis

DRCT Stock

USD 2.52 0.49 16.28%

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

Net Tangible Assets vs Cash And Short Term Investments

Net Tangible Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Direct Digital Holdings Net Tangible Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.

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

Correlation Coefficient

-0.79

Relationship Direction	Negative
Relationship Strength	Weak

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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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Direct Digital Holdings balance sheet. This account contains Direct Digital investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Direct Digital Holdings 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.

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

At this time, Direct Digital's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.36 in 2024, whereas Enterprise Value is likely to drop slightly above 44.3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	3.2M	3.2M	4.4M	2.6M
Depreciation And Amortization	2.0M	2.1M	2.2M	1.5M

Interest Expense Depreciation And Amortization

Direct Digital fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Current Deferred Revenue	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	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets
Total Assets		0.99	0.9	0.95	0.91	0.94	-0.79	0.66	0.99	-0.9	0.87	0.94	0.95	-0.65	0.86	0.99	0.94	0.9	0.93	0.91	0.98	0.64	0.88	1.0	0.99	0.91
Short Long Term Debt Total	0.99		0.85	0.92	0.87	0.96	-0.84	0.75	1.0	-0.94	0.85	0.97	0.96	-0.62	0.82	1.0	0.97	0.87	0.95	0.86	0.99	0.73	0.83	0.99	1.0	0.89
Other Current Liab	0.9	0.85		0.97	0.88	0.74	-0.5	0.37	0.86	-0.73	0.87	0.78	0.77	-0.6	0.92	0.85	0.78	0.87	0.72	0.99	0.8	0.36	0.99	0.9	0.86	0.87
Total Current Liabilities	0.95	0.92	0.97		0.83	0.8	-0.57	0.47	0.92	-0.78	0.91	0.88	0.81	-0.71	0.92	0.92	0.88	0.91	0.77	0.98	0.87	0.47	0.94	0.95	0.91	0.92
Total Stockholder Equity	0.91	0.87	0.88	0.83		0.88	-0.77	0.48	0.89	-0.77	0.75	0.74	0.92	-0.46	0.78	0.86	0.74	0.78	0.89	0.83	0.88	0.41	0.87	0.89	0.9	0.78
Other Liab	0.94	0.96	0.74	0.8	0.88		-0.92	0.77	0.96	-0.91	0.8	0.9	0.99	-0.6	0.76	0.95	0.9	0.83	0.99	0.73	0.98	0.72	0.72	0.94	0.96	0.86
Net Tangible Assets	-0.79	-0.84	-0.5	-0.57	-0.77	-0.92		-0.85	-0.84	0.85	-0.51	-0.79	-0.93	0.3	-0.46	-0.83	-0.79	-0.56	-0.96	-0.48	-0.9	-0.78	-0.49	-0.79	-0.85	-0.6
Current Deferred Revenue	0.66	0.75	0.37	0.47	0.48	0.77	-0.85		0.73	-0.9	0.46	0.83	0.75	-0.23	0.38	0.76	0.83	0.48	0.79	0.4	0.77	0.99	0.39	0.67	0.73	0.54
Net Debt	0.99	1.0	0.86	0.92	0.89	0.96	-0.84	0.73		-0.93	0.85	0.96	0.97	-0.62	0.82	1.0	0.96	0.87	0.96	0.86	0.99	0.71	0.84	0.99	1.0	0.89
Retained Earnings	-0.9	-0.94	-0.73	-0.78	-0.77	-0.91	0.85	-0.9	-0.93		-0.75	-0.96	-0.91	0.45	-0.72	-0.94	-0.96	-0.77	-0.92	-0.75	-0.93	-0.88	-0.75	-0.9	-0.93	-0.81
Accounts Payable	0.87	0.85	0.87	0.91	0.75	0.8	-0.51	0.46	0.85	-0.75		0.82	0.75	-0.88	0.99	0.85	0.82	1.0	0.73	0.89	0.8	0.46	0.86	0.88	0.84	0.99
Cash	0.94	0.97	0.78	0.88	0.74	0.9	-0.79	0.83	0.96	-0.96	0.82		0.89	-0.61	0.77	0.98	1.0	0.83	0.89	0.82	0.95	0.83	0.77	0.95	0.95	0.87
Non Current Assets Total	0.95	0.96	0.77	0.81	0.92	0.99	-0.93	0.75	0.97	-0.91	0.75	0.89		-0.51	0.73	0.96	0.89	0.79	1.0	0.76	0.99	0.7	0.76	0.95	0.98	0.82
Non Currrent Assets Other	-0.65	-0.62	-0.6	-0.71	-0.46	-0.6	0.3	-0.23	-0.62	0.45	-0.88	-0.61	-0.51		-0.82	-0.63	-0.61	-0.87	-0.5	-0.64	-0.59	-0.25	-0.56	-0.66	-0.6	-0.86
Other Assets	0.86	0.82	0.92	0.92	0.78	0.76	-0.46	0.38	0.82	-0.72	0.99	0.77	0.73	-0.82		0.82	0.77	0.98	0.7	0.92	0.77	0.38	0.92	0.86	0.82	0.97
Long Term Debt	0.99	1.0	0.85	0.92	0.86	0.95	-0.83	0.76	1.0	-0.94	0.85	0.98	0.96	-0.63	0.82		0.98	0.87	0.94	0.86	0.99	0.74	0.83	0.99	0.99	0.89
Cash And Short Term Investments	0.94	0.97	0.78	0.88	0.74	0.9	-0.79	0.83	0.96	-0.96	0.82	1.0	0.89	-0.61	0.77	0.98		0.83	0.89	0.82	0.95	0.83	0.77	0.95	0.95	0.87
Net Receivables	0.9	0.87	0.87	0.91	0.78	0.83	-0.56	0.48	0.87	-0.77	1.0	0.83	0.79	-0.87	0.98	0.87	0.83		0.77	0.89	0.83	0.48	0.86	0.9	0.86	1.0
Good Will	0.93	0.95	0.72	0.77	0.89	0.99	-0.96	0.79	0.96	-0.92	0.73	0.89	1.0	-0.5	0.7	0.94	0.89	0.77		0.7	0.98	0.74	0.7	0.93	0.96	0.8
Common Stock Shares Outstanding	0.91	0.86	0.99	0.98	0.83	0.73	-0.48	0.4	0.86	-0.75	0.89	0.82	0.76	-0.64	0.92	0.86	0.82	0.89	0.7		0.8	0.4	0.98	0.9	0.86	0.88
Non Current Liabilities Total	0.98	0.99	0.8	0.87	0.88	0.98	-0.9	0.77	0.99	-0.93	0.8	0.95	0.99	-0.59	0.77	0.99	0.95	0.83	0.98	0.8		0.74	0.77	0.98	0.99	0.86
Other Current Assets	0.64	0.73	0.36	0.47	0.41	0.72	-0.78	0.99	0.71	-0.88	0.46	0.83	0.7	-0.25	0.38	0.74	0.83	0.48	0.74	0.4	0.74		0.38	0.65	0.7	0.54
Other Stockholder Equity	0.88	0.83	0.99	0.94	0.87	0.72	-0.49	0.39	0.84	-0.75	0.86	0.77	0.76	-0.56	0.92	0.83	0.77	0.86	0.7	0.98	0.77	0.38		0.87	0.84	0.86
Total Liab	1.0	0.99	0.9	0.95	0.89	0.94	-0.79	0.67	0.99	-0.9	0.88	0.95	0.95	-0.66	0.86	0.99	0.95	0.9	0.93	0.9	0.98	0.65	0.87		0.99	0.91
Net Invested Capital	0.99	1.0	0.86	0.91	0.9	0.96	-0.85	0.73	1.0	-0.93	0.84	0.95	0.98	-0.6	0.82	0.99	0.95	0.86	0.96	0.86	0.99	0.7	0.84	0.99		0.89
Total Current Assets	0.91	0.89	0.87	0.92	0.78	0.86	-0.6	0.54	0.89	-0.81	0.99	0.87	0.82	-0.86	0.97	0.89	0.87	1.0	0.8	0.88	0.86	0.54	0.86	0.91	0.89

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Direct Net Tangible Assets vs Cash And Short Term Investments Analysis

Net Tangible Assets vs Cash And Short Term Investments

Net Tangible Assets vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Cash And Short Term Investments

Direct Digital fundamental ratios Correlations

Direct Digital Account Relationship Matchups

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Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Net Invested Capital	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Net Debt
Net Invested Capital	+ 1.0	Net Debt

Cash And Short Term Investments	- 0.96	Retained Earnings
Cash	- 0.96	Retained Earnings
Good Will	- 0.96	Net Tangible Assets
Long Term Debt	- 0.94	Retained Earnings
Retained Earnings	- 0.94	Short Long Term Debt Total
Net Invested Capital	- 0.93	Retained Earnings