Ocean Long Term Debt Total vs Deferred Long Term Liab Analysis

OPTT Stock  USD 0.30  0  0.57%   
Ocean Power financial indicator trend analysis is much more than just breaking down Ocean Power Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ocean Power Technologies is a good investment. Please check the relationship between Ocean Power Long Term Debt Total and its Deferred Long Term Liab accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocean Power Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Long Term Debt Total vs Deferred Long Term Liab

Long Term Debt Total vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ocean Power Technologies Long Term Debt Total account and Deferred Long Term Liab. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Ocean Power's Long Term Debt Total and Deferred Long Term Liab is 0.16. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Ocean Power Technologies, assuming nothing else is changed. The correlation between historical values of Ocean Power's Long Term Debt Total and Deferred Long Term Liab 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 Total of Ocean Power Technologies are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Long Term Debt Total i.e., Ocean Power's Long Term Debt Total and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

0.16
Relationship DirectionPositive 
Relationship StrengthInsignificant

Long Term Debt Total

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Ocean Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ocean Power 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocean Power Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Ocean Power's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 12.92 in 2024, whereas Tax Provision is likely to drop (1.3 M) in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses21.5M28.3M32.2M33.8M
Cost Of Revenue1.9M2.5M2.7M2.6M

Ocean Power fundamental ratios Correlations

0.451.0-0.6-0.46-0.240.590.530.680.360.250.230.22-0.10.140.570.430.050.79-0.130.690.420.310.170.82-0.07
0.450.44-0.19-0.76-0.420.810.780.60.31-0.050.180.87-0.230.740.20.73-0.370.07-0.180.8-0.150.820.840.120.34
1.00.44-0.62-0.44-0.240.570.50.650.260.170.130.19-0.130.110.590.390.020.81-0.160.670.430.30.140.83-0.04
-0.6-0.19-0.620.10.210.030.03-0.330.04-0.040.080.180.140.24-0.980.30.06-0.70.26-0.150.240.060.2-0.69-0.09
-0.46-0.76-0.440.10.84-0.79-0.72-0.89-0.4-0.12-0.24-0.710.04-0.55-0.01-0.710.40.10.26-0.780.16-0.65-0.680.060.15
-0.24-0.42-0.240.210.84-0.42-0.31-0.76-0.060.040.07-0.33-0.01-0.18-0.09-0.290.540.180.31-0.420.38-0.28-0.310.180.24
0.590.810.570.03-0.79-0.420.880.690.440.070.290.84-0.130.76-0.020.95-0.390.16-0.010.960.270.780.80.220.08
0.530.780.50.03-0.72-0.310.880.590.520.250.350.83-0.250.74-0.030.87-0.140.070.030.880.150.670.80.14-0.08
0.680.60.65-0.33-0.89-0.760.690.590.410.140.220.44-0.030.260.240.55-0.290.25-0.280.710.050.420.390.27-0.16
0.360.310.260.04-0.4-0.060.440.520.410.80.970.430.210.39-0.080.510.34-0.020.160.460.080.350.410.06-0.34
0.25-0.050.17-0.04-0.120.040.070.250.140.80.820.07-0.040.02-0.020.140.510.00.280.150.03-0.030.060.05-0.53
0.230.180.130.08-0.240.070.290.350.220.970.820.330.290.34-0.120.390.39-0.080.210.320.040.290.320.0-0.31
0.220.870.190.18-0.71-0.330.840.830.440.430.070.33-0.150.94-0.170.88-0.3-0.24-0.020.81-0.140.910.99-0.170.11
-0.1-0.23-0.130.140.04-0.01-0.13-0.25-0.030.21-0.040.29-0.15-0.1-0.18-0.070.2-0.15-0.18-0.180.01-0.03-0.15-0.16-0.32
0.140.740.110.24-0.55-0.180.760.740.260.390.020.340.94-0.1-0.210.83-0.26-0.260.050.74-0.110.90.96-0.180.15
0.570.20.59-0.98-0.01-0.09-0.02-0.030.24-0.08-0.02-0.12-0.17-0.18-0.21-0.3-0.110.74-0.210.15-0.19-0.05-0.190.730.2
0.430.730.390.3-0.71-0.290.950.870.550.510.140.390.88-0.070.83-0.3-0.21-0.050.040.880.30.80.850.020.01
0.05-0.370.020.060.40.54-0.39-0.14-0.290.340.510.39-0.30.2-0.26-0.11-0.210.050.06-0.320.21-0.25-0.290.06-0.4
0.790.070.81-0.70.10.180.160.070.25-0.020.0-0.08-0.24-0.15-0.260.74-0.050.05-0.030.260.51-0.1-0.290.990.2
-0.13-0.18-0.160.260.260.31-0.010.03-0.280.160.280.21-0.02-0.180.05-0.210.040.06-0.03-0.120.22-0.13-0.02-0.02-0.06
0.690.80.67-0.15-0.78-0.420.960.880.710.460.150.320.81-0.180.740.150.88-0.320.26-0.120.190.780.780.320.01
0.42-0.150.430.240.160.380.270.150.050.080.030.04-0.140.01-0.11-0.190.30.210.510.220.19-0.09-0.180.510.03
0.310.820.30.06-0.65-0.280.780.670.420.35-0.030.290.91-0.030.9-0.050.8-0.25-0.1-0.130.78-0.090.92-0.030.15
0.170.840.140.2-0.68-0.310.80.80.390.410.060.320.99-0.150.96-0.190.85-0.29-0.29-0.020.78-0.180.92-0.220.11
0.820.120.83-0.690.060.180.220.140.270.060.050.0-0.17-0.16-0.180.730.020.060.99-0.020.320.51-0.03-0.220.2
-0.070.34-0.04-0.090.150.240.08-0.08-0.16-0.34-0.53-0.310.11-0.320.150.20.01-0.40.2-0.060.010.030.150.110.2
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Ocean Power Account Relationship Matchups

Ocean Power fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.5M86.4M73.4M53.4M28.7M36.0M
Total Stockholder Equity10.5M80.5M68.8M44.0M19.3M31.5M
Net Debt(8.6M)(81.0M)(7.0M)(5.0M)(579K)(608.0K)
Retained Earnings(220.1M)(234.9M)(253.8M)(280.1M)(307.6M)(292.2M)
Other Assets155K221K222K219K197.1K187.2K
Common Stock Shares Outstanding7.2M30.0M54.0M56.0M59.0M62.0M
Liabilities And Stockholders Equity13.5M86.4M73.4M53.4M28.7M36.0M
Non Current Liabilities Total1.1M1.2M1.6M1.5M2.0M2.1M
Other Stockholder Equity230.8M315.5M322.6M324.0M326.9M199.4M
Total Liab3.0M5.9M4.6M9.4M9.4M6.2M
Other Current Liab1.3M3.2M1.6M5.0M2.9M3.2M
Total Current Liabilities1.9M4.7M3.0M7.9M7.4M5.5M
Property Plant And Equipment Net1.7M1.4M1.2M3.0M5.8M6.1M
Current Deferred Revenue188K100K129K1.4M302K286.9K
Accounts Payable220K687K905K952K3.4M3.5M
Cash10.0M83.0M7.9M6.9M3.2M3.0M
Non Current Assets Total1.9M1.9M14.1M15.7M18.2M19.1M
Non Currrent Assets Other154K155K221K222K219K146.3K
Cash And Short Term Investments10.0M83.0M57.3M34.7M3.2M3.0M
Net Receivables356K540K868K897K814K823.7K
Common Stock Total Equity5K13K52K56K64.4K67.6K
Short Term Investments63K60K68K49.4M27.8M0.0
Other Current Assets588K871K725K830K1.7M1.8M
Property Plant And Equipment Gross1.7M1.4M1.2M3.0M7.8M8.2M
Total Current Assets11.7M84.4M59.3M37.7M10.5M10.0M
Short Term Debt329K842K319K529K774K574.0K
Common Stock5K13K52K56K61K64.1K
Property Plant Equipment499K1.4M1.2M1.3M1.5M738.9K
Treasury Stock(301K)(302K)(338K)(355K)(319.5K)(303.5K)
Net Tangible Assets10.5M80.2M56.2M31.4M36.2M27.9M
Retained Earnings Total Equity(209.8M)(220.1M)(234.9M)(280.1M)(252.1M)(264.7M)
Capital Surpluse226.0M231.1M315.8M324.4M373.1M235.9M
Inventory707K384K442K1.0M4.8M5.1M

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