Destiny Tech100 Stock Cash And Equivalents
| DXYZ Stock | 41.97 2.49 6.31% |
Destiny Tech100 fundamentals help investors to digest information that contributes to Destiny Tech100's financial success or failures. It also enables traders to predict the movement of Destiny Stock. The fundamental analysis module provides a way to measure Destiny Tech100's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Destiny Tech100 stock.
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Destiny Tech100 Company Cash And Equivalents Analysis
Destiny Tech100's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Destiny Cash And Equivalents Driver Correlations
Understanding the fundamental principles of building solid financial models for Destiny Tech100 is extremely important. It helps to project a fair market value of Destiny Stock properly, considering its historical fundamentals such as Cash And Equivalents. Since Destiny Tech100's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Destiny Tech100's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Destiny Tech100's interrelated accounts and indicators.
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Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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In accordance with the recently published financial statements, Destiny Tech100 has 0.0 in Cash And Equivalents. This indicator is about the same for the IT Services average (which is currently at 0.0) sector and about the same as Information Technology (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
Destiny Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Destiny Tech100's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Destiny Tech100 could also be used in its relative valuation, which is a method of valuing Destiny Tech100 by comparing valuation metrics of similar companies.Destiny Tech100 is currently under evaluation in cash and equivalents category among its peers.
Destiny Fundamentals
| Price To Book | 8.15 X | ||||
| Price To Sales | 122.51 X | ||||
| Revenue | (2.72 M) | ||||
| EBITDA | (4.14 M) | ||||
| Net Income | (4.14 M) | ||||
| Total Debt | 838.43 K | ||||
| Cash Flow From Operations | (11.73 M) | ||||
| Market Capitalization | 456.63 M | ||||
| Total Asset | 53.46 M | ||||
| Retained Earnings | (33.45 M) | ||||
| Net Asset | 53.46 M |
About Destiny Tech100 Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Destiny Tech100's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Destiny Tech100 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Destiny Tech100 based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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.Additional Tools for Destiny Stock Analysis
When running Destiny Tech100's price analysis, check to measure Destiny Tech100'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 Destiny Tech100 is operating at the current time. Most of Destiny Tech100's value examination focuses on studying past and present price action to predict the probability of Destiny Tech100's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Destiny Tech100's price. Additionally, you may evaluate how the addition of Destiny Tech100 to your portfolios can decrease your overall portfolio volatility.