Sight Net Debt vs Other Current Assets Analysis

SGHT Stock

USD 6.51 0.06 0.91%

Sight Sciences financial indicator trend analysis is much more than just breaking down Sight Sciences prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sight Sciences is a good investment. Please check the relationship between Sight Sciences Net Debt and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sight Sciences. 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.

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

Net Debt vs Other Current Assets

Net Debt vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sight Sciences Net Debt account and Other Current Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between Sight Sciences' Net Debt and Other Current Assets is -0.99. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Sight Sciences, assuming nothing else is changed. The correlation between historical values of Sight Sciences' Net Debt and Other Current 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 Sight Sciences are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Debt i.e., Sight Sciences' Net Debt and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.99

Relationship Direction	Negative
Relationship Strength	Significant

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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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Sight Sciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sight Sciences 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sight Sciences. 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.

For more information on how to buy Sight Stock please use our How to Invest in Sight Sciences guide.Sales General And Administrative To Revenue is likely to gain to 1.65 in 2024, whereas Tax Provision is likely to drop slightly above 74.8 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	40.3M	59.0M	69.2M	38.3M
Total Revenue	49.0M	71.3M	81.1M	47.6M

Gross Profit Total Revenue

Sight Sciences fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.92	0.93	0.93	0.98	0.91	0.88	-0.99	-0.82	0.82	1.0	0.87	0.58	0.64	1.0	0.87	0.89	0.81	0.02	0.82	0.99	0.94	0.16	0.96	0.82	1.0
Other Current Liab	0.92		1.0	0.77	0.9	0.77	0.93	-0.87	-0.85	0.75	0.9	0.91	0.61	0.77	0.9	0.93	0.83	0.9	0.22	0.87	0.89	0.87	0.36	0.83	0.83	0.92
Total Current Liabilities	0.93	1.0		0.79	0.92	0.8	0.95	-0.88	-0.88	0.74	0.92	0.94	0.66	0.77	0.92	0.95	0.86	0.91	0.2	0.9	0.9	0.9	0.34	0.85	0.88	0.93
Total Stockholder Equity	0.93	0.77	0.79		0.87	0.95	0.75	-0.95	-0.73	0.73	0.93	0.73	0.4	0.33	0.93	0.79	0.87	0.59	-0.34	0.72	0.96	0.95	-0.21	0.99	0.72	0.93
Other Liab	0.98	0.9	0.92	0.87		0.86	0.89	-0.95	-0.83	0.75	0.98	0.9	0.66	0.74	0.98	0.87	0.87	0.85	0.15	0.85	0.96	0.92	0.28	0.91	0.86	0.98
Net Tangible Assets	0.91	0.77	0.8	0.95	0.86		0.79	-0.92	-0.87	0.67	0.9	0.78	0.64	0.4	0.9	0.83	0.97	0.68	-0.3	0.79	0.92	0.95	-0.17	0.95	0.8	0.91
Property Plant And Equipment Net	0.88	0.93	0.95	0.75	0.89	0.79		-0.83	-0.87	0.7	0.87	0.99	0.71	0.74	0.87	0.92	0.86	0.96	0.19	0.92	0.83	0.87	0.32	0.81	0.95	0.88
Net Debt	-0.99	-0.87	-0.88	-0.95	-0.95	-0.92	-0.83		0.77	-0.86	-0.99	-0.8	-0.5	-0.54	-0.99	-0.81	-0.88	-0.74	0.07	-0.74	-0.99	-0.92	-0.06	-0.97	-0.75	-0.99
Retained Earnings	-0.82	-0.85	-0.88	-0.73	-0.83	-0.87	-0.87	0.77		-0.48	-0.79	-0.9	-0.88	-0.67	-0.79	-0.94	-0.96	-0.84	-0.03	-0.95	-0.8	-0.89	-0.15	-0.78	-0.92	-0.82
Accounts Payable	0.82	0.75	0.74	0.73	0.75	0.67	0.7	-0.86	-0.48		0.84	0.64	0.26	0.48	0.84	0.52	0.61	0.67	0.11	0.42	0.8	0.62	0.21	0.75	0.49	0.82
Cash	1.0	0.9	0.92	0.93	0.98	0.9	0.87	-0.99	-0.79	0.84		0.85	0.55	0.63	1.0	0.85	0.88	0.8	0.01	0.79	0.99	0.93	0.15	0.96	0.8	1.0
Non Current Assets Total	0.87	0.91	0.94	0.73	0.9	0.78	0.99	-0.8	-0.9	0.64	0.85		0.77	0.78	0.85	0.93	0.86	0.97	0.22	0.94	0.82	0.87	0.35	0.79	0.98	0.87
Non Currrent Assets Other	0.58	0.61	0.66	0.4	0.66	0.64	0.71	-0.5	-0.88	0.26	0.55	0.77		0.75	0.55	0.72	0.78	0.79	0.29	0.8	0.53	0.62	0.37	0.47	0.81	0.57
Other Assets	0.64	0.77	0.77	0.33	0.74	0.4	0.74	-0.54	-0.67	0.48	0.63	0.78	0.75		0.63	0.68	0.55	0.88	0.74	0.71	0.57	0.52	0.82	0.43	0.71	0.64
Cash And Short Term Investments	1.0	0.9	0.92	0.93	0.98	0.9	0.87	-0.99	-0.79	0.84	1.0	0.85	0.55	0.63		0.85	0.88	0.8	0.01	0.79	0.99	0.93	0.15	0.96	0.8	1.0
Net Receivables	0.87	0.93	0.95	0.79	0.87	0.83	0.92	-0.81	-0.94	0.52	0.85	0.93	0.72	0.68	0.85		0.9	0.84	0.05	0.98	0.86	0.94	0.19	0.84	0.93	0.87
Common Stock Total Equity	0.89	0.83	0.86	0.87	0.87	0.97	0.86	-0.88	-0.96	0.61	0.88	0.86	0.78	0.55	0.88	0.9		0.78	-0.14	0.88	0.89	0.94	-0.02	0.9	0.87	0.89
Common Stock Shares Outstanding	0.81	0.9	0.91	0.59	0.85	0.68	0.96	-0.74	-0.84	0.67	0.8	0.97	0.79	0.88	0.8	0.84	0.78		0.43	0.86	0.74	0.74	0.55	0.67	0.9	0.81
Non Current Liabilities Total	0.02	0.22	0.2	-0.34	0.15	-0.3	0.19	0.07	-0.03	0.11	0.01	0.22	0.29	0.74	0.01	0.05	-0.14	0.43		0.1	-0.07	-0.17	0.99	-0.24	0.12	0.02
Inventory	0.82	0.87	0.9	0.72	0.85	0.79	0.92	-0.74	-0.95	0.42	0.79	0.94	0.8	0.71	0.79	0.98	0.88	0.86	0.1		0.79	0.9	0.23	0.77	0.97	0.81
Other Current Assets	0.99	0.89	0.9	0.96	0.96	0.92	0.83	-0.99	-0.8	0.8	0.99	0.82	0.53	0.57	0.99	0.86	0.89	0.74	-0.07	0.79		0.95	0.06	0.98	0.78	0.99
Other Stockholder Equity	0.94	0.87	0.9	0.95	0.92	0.95	0.87	-0.92	-0.89	0.62	0.93	0.87	0.62	0.52	0.93	0.94	0.94	0.74	-0.17	0.9	0.95		-0.03	0.97	0.88	0.94
Total Liab	0.16	0.36	0.34	-0.21	0.28	-0.17	0.32	-0.06	-0.15	0.21	0.15	0.35	0.37	0.82	0.15	0.19	-0.02	0.55	0.99	0.23	0.06	-0.03		-0.11	0.24	0.15
Net Invested Capital	0.96	0.83	0.85	0.99	0.91	0.95	0.81	-0.97	-0.78	0.75	0.96	0.79	0.47	0.43	0.96	0.84	0.9	0.67	-0.24	0.77	0.98	0.97	-0.11		0.77	0.96
Property Plant And Equipment Gross	0.82	0.83	0.88	0.72	0.86	0.8	0.95	-0.75	-0.92	0.49	0.8	0.98	0.81	0.71	0.8	0.93	0.87	0.9	0.12	0.97	0.78	0.88	0.24	0.77		0.82
Total Current Assets	1.0	0.92	0.93	0.93	0.98	0.91	0.88	-0.99	-0.82	0.82	1.0	0.87	0.57	0.64	1.0	0.87	0.89	0.81	0.02	0.81	0.99	0.94	0.15	0.96	0.82

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Sight Sciences Account Relationship Matchups

Sight Sciences fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	30.7M	72.8M	280.2M	213.1M	166.7M	141.5M
Other Current Liab	4.5M	6.8M	9.6M	14.1M	7.7M	8.0M
Total Current Liabilities	7.3M	9.3M	13.5M	17.8M	12.3M	11.6M
Total Stockholder Equity	(54.7M)	(88.8M)	232.1M	160.1M	120.2M	62.3M
Other Liab	213K	809K	1.9M	1.2M	1.4M	919.6K
Net Tangible Assets	(54.7M)	(88.8M)	232.1M	160.1M	184.1M	193.3M
Property Plant And Equipment Net	2.6M	1.8M	2.9M	3.2M	3.1M	2.7M
Net Debt	(7.3M)	(29.0M)	(228.0M)	(150.7M)	(102.7M)	(107.9M)
Retained Earnings	(55.3M)	(90.0M)	(153.0M)	(239.2M)	(294.8M)	(280.1M)
Accounts Payable	2.3M	2.2M	3.4M	2.7M	1.7M	2.6M
Cash	21.2M	61.5M	260.7M	185M	138.1M	123.0M
Non Current Assets Total	2.7M	2.2M	3.2M	3.4M	3.8M	3.0M
Non Currrent Assets Other	168K	386K	202K	211K	682K	716.1K
Other Assets	168K	386K	202K	211K	242.7K	226.4K
Cash And Short Term Investments	21.2M	61.5M	260.7M	185M	138.1M	123.0M
Net Receivables	4.1M	5.4M	8.7M	15.1M	14.3M	9.1M
Liabilities And Stockholders Equity	30.7M	72.8M	280.2M	213.1M	166.7M	141.5M
Non Current Liabilities Total	78.1M	152.3M	34.6M	35.2M	34.2M	49.1M
Capital Lease Obligations	1.1M	529K	1.6M	1.7M	1.5M	1.2M
Inventory	2.2M	2.6M	3.5M	6.1M	7.8M	4.2M
Other Current Assets	426K	1.2M	4.2M	3.4M	2.6M	2.3M
Other Stockholder Equity	656K	1.2M	385.1M	399.3M	415.0M	220.3M
Total Liab	85.4M	161.7M	48.1M	53.0M	46.4M	57.6M
Net Invested Capital	(41.8M)	(56.9M)	264.8M	193.4M	154.1M	88.8M
Property Plant And Equipment Gross	2.6M	1.8M	2.9M	3.2M	4.7M	2.9M
Total Current Assets	28.0M	70.6M	277.0M	209.7M	162.9M	138.5M
Net Working Capital	20.7M	61.3M	263.5M	191.9M	150.6M	126.9M
Property Plant Equipment	2.6M	1.8M	2.9M	1.6M	1.8M	2.1M

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