Defense Total Assets vs Inventory Analysis
DEFN Stock | CAD 0.16 0.02 14.29% |
Defense Metals financial indicator trend analysis is much more than just examining Defense Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Defense Metals Corp is a good investment. Please check the relationship between Defense Metals Total Assets and its Inventory accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Defense Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Total Assets vs Inventory
Total Assets vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Defense Metals Corp Total Assets account and Inventory. At this time, the significance of the direction appears to have pay attention.
The correlation between Defense Metals' Total Assets and Inventory is -0.73. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Inventory in the same time period over historical financial statements of Defense Metals Corp, assuming nothing else is changed. The correlation between historical values of Defense Metals' Total Assets and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Defense Metals Corp are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Assets i.e., Defense Metals' Total Assets and Inventory go up and down completely randomly.
Correlation Coefficient | -0.73 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Defense Metals 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 Defense Metals Corp 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.Inventory
Most indicators from Defense Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Defense Metals Corp 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 Defense Metals Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Defense Metals' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 163.85 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.4 M in 2024.
Defense Metals fundamental ratios Correlations
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Defense Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Defense Metals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0M | 4.1M | 25.3M | 32.7M | 37.7M | 39.5M | |
Total Current Liabilities | 207.3K | 327.9K | 668.6K | 656.5K | 755.0K | 792.7K | |
Total Stockholder Equity | 1.8M | 3.8M | 24.6M | 32.1M | 36.9M | 38.7M | |
Net Tangible Assets | 1.8M | 3.8M | 24.6M | 32.1M | 36.9M | 38.7M | |
Property Plant And Equipment Net | 1.8M | 2.9M | 24.1M | 30.3M | 34.8M | 36.6M | |
Net Debt | (166.2K) | (849.5K) | (724.8K) | (1.8M) | (1.6M) | (1.5M) | |
Retained Earnings | (3.5M) | (6.1M) | (9.9M) | (12.6M) | (11.4M) | (10.8M) | |
Accounts Payable | 40.0K | 69.1K | 222.9K | 262.6K | 302.0K | 317.1K | |
Cash | 166.2K | 849.5K | 724.8K | 1.8M | 2.0M | 2.1M | |
Non Current Assets Total | 1.8M | 3.0M | 24.3M | 30.7M | 35.3M | 37.1M | |
Cash And Short Term Investments | 166.2K | 849.5K | 724.8K | 1.8M | 2.0M | 2.1M | |
Common Stock Shares Outstanding | 31.5M | 53.0M | 95.9M | 178.5M | 205.2M | 215.5M | |
Liabilities And Stockholders Equity | 2.0M | 4.1M | 25.3M | 32.7M | 37.7M | 39.5M | |
Total Liab | 207.3K | 327.9K | 668.6K | 656.5K | 755.0K | 792.7K | |
Total Current Assets | 208.9K | 1.2M | 976.7K | 2.0M | 2.4M | 2.5M | |
Common Stock | 4.7M | 8.5M | 30.3M | 40.0M | 46.0M | 48.2M | |
Property Plant Equipment | 1.8M | 3.0M | 24.1M | 30.3M | 34.8M | 36.6M | |
Other Stockholder Equity | 307.5K | 618.7K | 1.5M | 626.6K | 720.6K | 688.2K | |
Net Invested Capital | 1.8M | 3.8M | 24.6M | 32.1M | 36.9M | 38.7M | |
Accumulated Other Comprehensive Income | 618.7K | 1.5M | 3.6M | 4.8M | 5.5M | 5.8M | |
Net Working Capital | 1.6K | 855.0K | 308.1K | 1.4M | 1.6M | 1.7M | |
Other Current Liab | 207.3K | 327.9K | 668.6K | 656.5K | 755.0K | 421.9K | |
Net Receivables | 9.6K | 301.8K | 206.8K | 189.8K | 218.3K | 161.9K | |
Other Current Assets | 33.1K | 31.6K | 45.1K | 94.2K | 108.3K | 59.0K | |
Capital Stock | 4.7M | 8.5M | 30.3M | 40.0M | 46.0M | 48.2M |
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Additional Tools for Defense Stock Analysis
When running Defense Metals' price analysis, check to measure Defense Metals' 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 Defense Metals is operating at the current time. Most of Defense Metals' value examination focuses on studying past and present price action to predict the probability of Defense Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Defense Metals' price. Additionally, you may evaluate how the addition of Defense Metals to your portfolios can decrease your overall portfolio volatility.