Defense Total Current Liabilities vs Common Stock Shares Outstanding 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 Current Liabilities and its Common Stock Shares Outstanding 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 Current Liabilities vs Common Stock Shares Outstanding
Total Current Liabilities vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Defense Metals Corp Total Current Liabilities account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Defense Metals' Total Current Liabilities and Common Stock Shares Outstanding is 0.95. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Common Stock Shares Outstanding 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 Current Liabilities and Common Stock Shares Outstanding 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 Current Liabilities of Defense Metals Corp are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Current Liabilities i.e., Defense Metals' Total Current Liabilities and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Defense Metals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Defense Metals Corp 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.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.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.