Ocean Net Debt vs Total Current Liabilities 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 Net Debt and its Total Current Liabilities 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.

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ocean Power Technologies Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have no relationship.
The correlation between Ocean Power's Net Debt and Total Current Liabilities is 0.08. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities 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 Net 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 Net Debt of Ocean Power Technologies 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 Net Debt i.e., Ocean Power's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.08
Relationship DirectionPositive 
Relationship StrengthInsignificant

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 Current Liabilities

Total Current Liabilities is an item on Ocean Power balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ocean Power Technologies 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 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
Click cells to compare fundamentals

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Ocean Stock Analysis

When running Ocean Power's price analysis, check to measure Ocean Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ocean Power is operating at the current time. Most of Ocean Power's value examination focuses on studying past and present price action to predict the probability of Ocean Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Power's price. Additionally, you may evaluate how the addition of Ocean Power to your portfolios can decrease your overall portfolio volatility.