Dredging Net Debt vs Total Assets Analysis
| DREDGECORP | | | 627.20 27.85 4.25% |
Dredging financial indicator trend analysis is much more than just examining Dredging latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dredging is a good investment. Please check the relationship between Dredging Net Debt and its Total Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dredging of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Net Debt vs Total Assets
Net Debt vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dredging Net Debt account and
Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Dredging's Net Debt and Total Assets is 0.87. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Dredging of, assuming nothing else is changed. The correlation between historical values of Dredging's Net Debt and Total 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 Net Debt of Dredging of are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Dredging's Net Debt and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Total Assets
Total assets refers to the total amount of Dredging assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Dredging books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Dredging's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dredging 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 Dredging of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
The current year's
Selling General Administrative is expected to grow to about 1.1
B. The current year's
Tax Provision is expected to grow to about 26.5
MDredging fundamental ratios Correlations
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Dredging Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dredging fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Dredging Stock
Balance Sheet is a snapshot of the
financial position of Dredging at a specified time, usually calculated after every quarter, six months, or one year. Dredging Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dredging and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Dredging currently owns. An asset can also be divided into two categories, current and non-current.