Diversified Total Assets vs Net Debt Analysis

DIV Stock

CAD 3.01 0.02 0.66%

Diversified Royalty financial indicator trend analysis is much more than just examining Diversified Royalty Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diversified Royalty Corp is a good investment. Please check the relationship between Diversified Royalty Total Assets and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diversified Royalty 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 Net Debt

Total Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Diversified Royalty Corp Total Assets account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Diversified Royalty's Total Assets and Net Debt is 0.92. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Diversified Royalty Corp, assuming nothing else is changed. The correlation between historical values of Diversified Royalty's Total Assets and Net Debt 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 Diversified Royalty Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Assets i.e., Diversified Royalty's Total Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Assets

Total assets refers to the total amount of Diversified Royalty 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 Diversified Royalty 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.

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.

Most indicators from Diversified Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diversified Royalty 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 Diversified Royalty 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, Diversified Royalty's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value Multiple is likely to grow to 12.34, while Selling General Administrative is likely to drop about 4.1 M.

	2021	2022	2024 (projected)
Total Operating Expenses	4.2M	4.8M	8.0M
Cost Of Revenue	2.0M	2.3M	95K

Total Operating Expenses Cost Of Revenue

Diversified Royalty fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Other Current Assets	Current Deferred Revenue	Inventory	Good Will
Total Assets		0.97	0.34	0.31	0.9	-0.27	0.92	-0.53	0.53	-0.44	0.98	-0.44	0.82	0.95	0.95	0.82	0.96	-0.53	-0.38	0.22	0.98	-0.23	0.19	-0.39	-0.46	0.4
Short Long Term Debt Total	0.97		0.18	0.33	0.77	-0.13	0.96	-0.65	0.53	-0.48	0.96	-0.48	0.79	0.9	0.99	0.82	0.99	-0.43	-0.43	0.11	0.96	-0.3	0.28	-0.28	-0.35	0.47
Other Current Liab	0.34	0.18		0.06	0.5	-0.26	0.26	0.0	0.06	-0.38	0.38	-0.38	0.17	0.27	0.2	0.02	0.19	-0.27	-0.38	0.2	0.39	0.06	-0.05	-0.35	-0.18	0.05
Total Current Liabilities	0.31	0.33	0.06		0.2	0.14	0.37	-0.42	0.31	-0.33	0.33	-0.33	0.26	0.37	0.23	0.35	0.35	0.01	-0.32	0.27	0.31	-0.05	0.11	0.33	-0.06	0.17
Total Stockholder Equity	0.9	0.77	0.5	0.2		-0.51	0.69	-0.21	0.39	-0.24	0.85	-0.24	0.72	0.92	0.74	0.69	0.74	-0.66	-0.19	0.41	0.87	-0.06	-0.03	-0.57	-0.54	0.24
Property Plant And Equipment Net	-0.27	-0.13	-0.26	0.14	-0.51		-0.06	-0.41	0.25	-0.09	-0.29	-0.09	-0.15	-0.31	-0.1	-0.15	-0.08	0.91	-0.07	-0.45	-0.33	-0.28	0.65	0.62	0.13	0.03
Net Debt	0.92	0.96	0.26	0.37	0.69	-0.06		-0.66	0.56	-0.69	0.95	-0.69	0.79	0.81	0.97	0.78	0.98	-0.39	-0.64	0.02	0.94	-0.39	0.28	-0.21	-0.29	0.46
Retained Earnings	-0.53	-0.65	0.0	-0.42	-0.21	-0.41	-0.66		-0.68	0.35	-0.58	0.35	-0.42	-0.47	-0.66	-0.55	-0.69	-0.15	0.3	0.26	-0.55	0.35	-0.6	-0.33	0.42	-0.36
Accounts Payable	0.53	0.53	0.06	0.31	0.39	0.25	0.56	-0.68		-0.36	0.53	-0.36	0.47	0.48	0.55	0.59	0.57	0.05	-0.32	-0.06	0.5	-0.24	0.45	0.18	-0.77	0.04
Cash	-0.44	-0.48	-0.38	-0.33	-0.24	-0.09	-0.69	0.35	-0.36		-0.55	1.0	-0.44	-0.28	-0.5	-0.39	-0.52	0.17	1.0	0.22	-0.51	0.48	-0.14	0.02	-0.01	-0.23
Non Current Assets Total	0.98	0.96	0.38	0.33	0.85	-0.29	0.95	-0.58	0.53	-0.55		-0.55	0.81	0.91	0.95	0.8	0.96	-0.57	-0.5	0.15	1.0	-0.26	0.17	-0.35	-0.43	0.41
Cash And Short Term Investments	-0.44	-0.48	-0.38	-0.33	-0.24	-0.09	-0.69	0.35	-0.36	1.0	-0.55		-0.44	-0.28	-0.5	-0.39	-0.52	0.17	1.0	0.22	-0.51	0.48	-0.14	0.02	-0.01	-0.23
Net Receivables	0.82	0.79	0.17	0.26	0.72	-0.15	0.79	-0.42	0.47	-0.44	0.81	-0.44		0.81	0.8	0.89	0.8	-0.47	-0.37	0.14	0.78	-0.54	0.04	-0.44	-0.42	0.31
Common Stock Shares Outstanding	0.95	0.9	0.27	0.37	0.92	-0.31	0.81	-0.47	0.48	-0.28	0.91	-0.28	0.81		0.86	0.87	0.87	-0.56	-0.22	0.33	0.91	-0.24	0.08	-0.46	-0.48	0.29
Non Current Liabilities Total	0.95	0.99	0.2	0.23	0.74	-0.1	0.97	-0.66	0.55	-0.5	0.95	-0.5	0.8	0.86		0.8	0.99	-0.41	-0.44	0.04	0.95	-0.33	0.31	-0.28	-0.37	0.47
Other Stockholder Equity	0.82	0.82	0.02	0.35	0.69	-0.15	0.78	-0.55	0.59	-0.39	0.8	-0.39	0.89	0.87	0.8		0.81	-0.48	-0.34	0.15	0.78	-0.53	0.06	-0.39	-0.47	0.29
Total Liab	0.96	0.99	0.19	0.35	0.74	-0.08	0.98	-0.69	0.57	-0.52	0.96	-0.52	0.8	0.87	0.99	0.81		-0.39	-0.46	0.07	0.95	-0.32	0.31	-0.22	-0.36	0.47
Property Plant And Equipment Gross	-0.53	-0.43	-0.27	0.01	-0.66	0.91	-0.39	-0.15	0.05	0.17	-0.57	0.17	-0.47	-0.56	-0.41	-0.48	-0.39		0.16	-0.31	-0.59	-0.06	0.59	0.71	0.19	-0.07
Total Current Assets	-0.38	-0.43	-0.38	-0.32	-0.19	-0.07	-0.64	0.3	-0.32	1.0	-0.5	1.0	-0.37	-0.22	-0.44	-0.34	-0.46	0.16		0.22	-0.46	0.45	-0.1	0.01	-0.05	-0.21
Short Term Debt	0.22	0.11	0.2	0.27	0.41	-0.45	0.02	0.26	-0.06	0.22	0.15	0.22	0.14	0.33	0.04	0.15	0.07	-0.31	0.22		0.18	0.1	-0.31	-0.38	0.03	-0.03
Intangible Assets	0.98	0.96	0.39	0.31	0.87	-0.33	0.94	-0.55	0.5	-0.51	1.0	-0.51	0.78	0.91	0.95	0.78	0.95	-0.59	-0.46	0.18		-0.2	0.15	-0.38	-0.43	0.42
Non Currrent Assets Other	-0.23	-0.3	0.06	-0.05	-0.06	-0.28	-0.39	0.35	-0.24	0.48	-0.26	0.48	-0.54	-0.24	-0.33	-0.53	-0.32	-0.06	0.45	0.1	-0.2		-0.13	0.15	0.0	-0.02
Other Current Assets	0.19	0.28	-0.05	0.11	-0.03	0.65	0.28	-0.6	0.45	-0.14	0.17	-0.14	0.04	0.08	0.31	0.06	0.31	0.59	-0.1	-0.31	0.15	-0.13		0.63	-0.29	0.27
Current Deferred Revenue	-0.39	-0.28	-0.35	0.33	-0.57	0.62	-0.21	-0.33	0.18	0.02	-0.35	0.02	-0.44	-0.46	-0.28	-0.39	-0.22	0.71	0.01	-0.38	-0.38	0.15	0.63		-0.02	0.01
Inventory	-0.46	-0.35	-0.18	-0.06	-0.54	0.13	-0.29	0.42	-0.77	-0.01	-0.43	-0.01	-0.42	-0.48	-0.37	-0.47	-0.36	0.19	-0.05	0.03	-0.43	0.0	-0.29	-0.02		0.01
Good Will	0.4	0.47	0.05	0.17	0.24	0.03	0.46	-0.36	0.04	-0.23	0.41	-0.23	0.31	0.29	0.47	0.29	0.47	-0.07	-0.21	-0.03	0.42	-0.02	0.27	0.01	0.01

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Diversified Royalty Account Relationship Matchups

Diversified Royalty fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	345.3M	358.4M	380.8M	458.5M	567.4M	595.7M
Short Long Term Debt Total	140.5M	156.2M	169.7M	199.8M	305.2M	320.4M
Total Current Liabilities	2.4M	3.7M	61.6M	6.9M	18.5M	9.3M
Total Stockholder Equity	188.7M	189.7M	191.5M	233.9M	237.4M	249.3M
Net Debt	137.5M	147.0M	160.7M	192.4M	301.1M	316.2M
Retained Earnings	(17.7M)	(51.3M)	(52.8M)	(65.3M)	(68.0M)	(64.6M)
Accounts Payable	1.1M	1.7M	2.5M	5.4M	1.8M	2.5M
Cash	3.0M	9.2M	8.9M	7.4M	4.0M	3.8M
Non Current Assets Total	333.6M	344.5M	366.6M	442.9M	554.5M	582.2M
Cash And Short Term Investments	3.0M	9.2M	8.9M	7.4M	4.0M	3.8M
Net Receivables	8.2M	4.3M	4.9M	5.6M	6.2M	4.9M
Common Stock Shares Outstanding	109.5M	118.8M	135.5M	126.8M	144.1M	151.3M
Liabilities And Stockholders Equity	345.3M	358.4M	380.8M	458.5M	567.4M	595.7M
Non Current Liabilities Total	154.2M	165.0M	127.6M	217.7M	311.4M	327.0M
Other Stockholder Equity	40.3M	39.4M	39.5M	44.9M	40.4M	30.9M
Total Liab	156.6M	168.7M	189.2M	224.6M	329.9M	346.4M
Total Current Assets	11.7M	13.9M	14.2M	15.5M	12.8M	12.2M
Short Term Debt	6.5M	6.8M	56.0M	399K	16.7M	12.8M
Intangible Assets	281.8M	300.9M	320.6M	398.6M	511.5M	537.1M
Non Currrent Assets Other	(333.6M)	(344.5M)	647K	1.2M	711K	746.6K
Other Current Assets	529K	342K	297K	2.5M	2.6M	2.8M
Common Stock Total Equity	180.9M	184.5M	163.2M	198.6M	228.4M	141.7M
Common Stock	163.2M	198.6M	202.0M	253.1M	260.1M	146.4M
Net Tangible Assets	(93.1M)	(111.2M)	(129.1M)	(164.7M)	(148.2M)	(140.8M)
Long Term Debt	140.5M	156.2M	112.9M	199.0M	287.7M	302.1M
Other Liab	13.3M	7.7M	13.9M	17.9M	20.6M	21.6M
Long Term Debt Total	116.8M	140.5M	156.2M	113.7M	130.7M	124.0M
Capital Surpluse	26.0M	40.3M	39.4M	39.5M	45.4M	35.9M
Cash And Equivalents	77.3M	7K	9.2M	8.9M	8.0M	7.6M
Net Invested Capital	329.2M	345.9M	360.4M	432.9M	541.9M	413.3M

Pair Trading with Diversified Royalty

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Diversified Royalty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Diversified Royalty will appreciate offsetting losses from the drop in the long position's value.

Moving together with Diversified Stock

0.85	PIC-A	Premium Income Split	Pair Corr
0.77	FFH	Fairfax Financial	Pair Corr

The ability to find closely correlated positions to Diversified Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diversified Royalty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Diversified Royalty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Diversified Royalty Corp to buy it.

The correlation of Diversified Royalty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Diversified Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diversified Royalty Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Diversified Royalty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Diversified Stock

Balance Sheet is a snapshot of the financial position of Diversified Royalty Corp at a specified time, usually calculated after every quarter, six months, or one year. Diversified Royalty Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Diversified Royalty and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Diversified currently owns. An asset can also be divided into two categories, current and non-current.

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Diversified Total Assets vs Net Debt Analysis

Total Assets vs Net Debt

Total Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Total Assets

Net Debt

Diversified Royalty fundamental ratios Correlations

Diversified Royalty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Diversified Royalty fundamental ratios Accounts

Pair Trading with Diversified Royalty

Moving together with Diversified Stock

Other Information on Investing in Diversified Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Intangible Assets	+ 1.0	Non Current Assets Total
Total Current Assets	+ 1.0	Cash And Short Term Investments
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total

Inventory	- 0.77	Accounts Payable
Total Liab	- 0.69	Retained Earnings
Cash And Short Term Investments	- 0.69	Net Debt
Cash	- 0.69	Net Debt
Accounts Payable	- 0.68	Retained Earnings
Non Current Liabilities Total	- 0.66	Retained Earnings