Direct Non Currrent Assets Other vs Property Plant And Equipment Gross Analysis

DLG Stock   234.80  10.40  4.63%   
Direct Line financial indicator trend analysis is much more than just examining Direct Line Insurance latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Direct Line Insurance is a good investment. Please check the relationship between Direct Line Non Currrent Assets Other and its Property Plant And Equipment Gross accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direct Line Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Non Currrent Assets Other vs Property Plant And Equipment Gross

Non Currrent Assets Other vs Property Plant And Equipment Gross Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Direct Line Insurance Non Currrent Assets Other account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Direct Line's Non Currrent Assets Other and Property Plant And Equipment Gross is 0.53. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Direct Line Insurance, assuming nothing else is changed. The correlation between historical values of Direct Line's Non Currrent Assets Other and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Direct Line Insurance are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Non Currrent Assets Other i.e., Direct Line's Non Currrent Assets Other and Property Plant And Equipment Gross go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Property Plant And Equipment Gross

Most indicators from Direct Line's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Direct Line Insurance 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 Direct Line Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At present, Direct Line's Tax Provision is projected to decrease significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense36.8M20.9M14.3M13.6M
Depreciation And Amortization94.5M115M123.5M83.0M

Direct Line fundamental ratios Correlations

-0.03-0.56-0.120.720.12-0.72-0.170.810.450.370.9-0.5-0.01-0.110.090.380.720.39-0.44-0.240.490.98-0.780.07-0.83
-0.030.030.21-0.290.180.280.19-0.240.010.25-0.20.2-0.310.850.61-0.19-0.510.020.04-0.360.470.070.170.290.38
-0.560.03-0.19-0.64-0.330.15-0.45-0.65-0.870.08-0.230.26-0.35-0.13-0.49-0.6-0.23-0.790.910.28-0.14-0.510.73-0.720.31
-0.120.21-0.190.270.080.480.270.260.32-0.24-0.220.16-0.120.350.15-0.17-0.220.14-0.020.01-0.21-0.20.280.370.18
0.72-0.29-0.640.27-0.16-0.310.030.940.480.090.64-0.550.15-0.33-0.120.50.710.48-0.530.220.040.57-0.570.29-0.57
0.120.18-0.330.08-0.16-0.010.36-0.030.43-0.190.020.27-0.060.430.210.07-0.030.38-0.22-0.58-0.140.18-0.170.06-0.18
-0.720.280.150.48-0.31-0.010.49-0.45-0.01-0.41-0.760.41-0.030.310.14-0.13-0.65-0.010.110.13-0.44-0.750.720.30.77
-0.170.19-0.450.270.030.360.490.010.29-0.69-0.380.21-0.20.40.350.42-0.240.52-0.61-0.32-0.32-0.2-0.120.650.46
0.81-0.24-0.650.260.94-0.03-0.450.010.510.00.69-0.540.08-0.25-0.090.350.750.35-0.520.060.120.69-0.640.23-0.69
0.450.01-0.870.320.480.43-0.010.290.51-0.010.15-0.010.520.190.50.410.070.67-0.63-0.370.120.41-0.460.56-0.36
0.370.250.08-0.240.09-0.19-0.41-0.690.0-0.010.43-0.310.11-0.020.170.070.090.070.210.050.660.42-0.16-0.17-0.33
0.9-0.2-0.23-0.220.640.02-0.76-0.380.690.150.43-0.49-0.11-0.31-0.260.260.840.2-0.11-0.110.360.87-0.57-0.31-0.86
-0.50.20.260.16-0.550.270.410.21-0.54-0.01-0.31-0.490.220.410.09-0.39-0.55-0.220.38-0.23-0.39-0.440.53-0.150.36
-0.01-0.31-0.35-0.120.15-0.06-0.03-0.20.080.520.11-0.110.22-0.160.120.02-0.080.09-0.130.13-0.08-0.04-0.090.07-0.16
-0.110.85-0.130.35-0.330.430.310.4-0.250.19-0.02-0.310.41-0.160.68-0.26-0.60.12-0.06-0.610.29-0.020.120.330.43
0.090.61-0.490.15-0.120.210.140.35-0.090.50.17-0.260.090.120.680.16-0.580.46-0.47-0.610.610.18-0.270.690.27
0.38-0.19-0.6-0.170.50.07-0.130.420.350.410.070.26-0.390.02-0.260.160.350.82-0.730.00.030.31-0.610.54-0.18
0.72-0.51-0.23-0.220.71-0.03-0.65-0.240.750.070.090.84-0.55-0.08-0.6-0.580.350.12-0.210.25-0.080.63-0.54-0.27-0.8
0.390.02-0.790.140.480.38-0.010.520.350.670.070.2-0.220.090.120.460.820.12-0.77-0.330.120.34-0.570.64-0.15
-0.440.040.91-0.02-0.53-0.220.11-0.61-0.52-0.630.21-0.110.38-0.13-0.06-0.47-0.73-0.21-0.770.2-0.12-0.380.77-0.810.1
-0.24-0.360.280.010.22-0.580.13-0.320.06-0.370.05-0.11-0.230.13-0.61-0.610.00.25-0.330.2-0.45-0.370.24-0.110.07
0.490.47-0.14-0.210.04-0.14-0.44-0.320.120.120.660.36-0.39-0.080.290.610.03-0.080.12-0.12-0.450.59-0.40.13-0.21
0.980.07-0.51-0.20.570.18-0.75-0.20.690.410.420.87-0.44-0.04-0.020.180.310.630.34-0.38-0.370.59-0.770.03-0.8
-0.780.170.730.28-0.57-0.170.72-0.12-0.64-0.46-0.16-0.570.53-0.090.12-0.27-0.61-0.54-0.570.770.24-0.4-0.77-0.390.56
0.070.29-0.720.370.290.060.30.650.230.56-0.17-0.31-0.150.070.330.690.54-0.270.64-0.81-0.110.130.03-0.390.3
-0.830.380.310.18-0.57-0.180.770.46-0.69-0.36-0.33-0.860.36-0.160.430.27-0.18-0.8-0.150.10.07-0.21-0.80.560.3
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Direct Line Account Relationship Matchups

Direct Line fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.4B9.6B9.3B8.4B8.4B8.6B
Short Long Term Debt Total475.7M720.9M657M405.4M447.3M547.8M
Other Current Liab(381.2M)(419.5M)(290.1M)(165.5M)285.4M299.7M
Total Current Liabilities530.4M601.8M516.5M197.1M388.7M485.1M
Total Stockholder Equity3.0B3.0B2.9B2.3B2.4B2.3B
Other Liab98.8M108.8M175.2M116.4M104.8M99.5M
Property Plant And Equipment Net292.6M283.9M189.9M156.7M187.7M171.8M
Net Debt(472.9M)(499.2M)(298.7M)(598.2M)(1.3B)(1.4B)
Retained Earnings1.0B1.1B982.9M567.8M484.7M806.5M
Accounts Payable278.6M357.1M131.8M2.2M2.0M1.9M
Cash948.6M1.2B955.7M1.0B1.8B1.0B
Non Current Assets Total5.3B5.4B5.2B4.3B6.6B5.4B
Non Currrent Assets Other(5.3B)(5.4B)(29.4M)(4.3B)2.2B2.3B
Other Assets(906.2M)(1.1B)(962M)(128M)(18.9M)(18.0M)
Long Term Debt259M516.6M513.6M258.6M258.8M382.2M
Cash And Short Term Investments5.0B5.3B5.0B4.2B1.8B1.7B
Good Will212.3M212.7M214.2M215M208.5M171.2M
Common Stock Shares Outstanding1.4B1.4B1.4B1.3B1.3B1.1B
Liabilities And Stockholders Equity9.4B9.6B9.3B8.4B8.4B8.6B
Non Current Liabilities Total435.9M681M601.5M197.1M5.7B6.0B
Other Current Assets1.9B2.2B1.9B2.0B1.9B2.0B
Total Liab6.4B6.6B6.4B6.1B6.0B6.2B
Property Plant And Equipment Gross292.6M283.9M189.9M156.7M379M398.0M
Total Current Assets5.0B5.3B5.0B4.2B1.8B1.7B
Accumulated Other Comprehensive Income1.8B1.9B1.8B1.6B1.8B1.3B
Intangible Assets702.5M786.8M822.5M822.2M610.1M552.5M
Property Plant Equipment292.6M283.9M189.9M156.7M180.2M181.4M
Short Term Investments4.1B4.1B4.1B3.1B18.9M18.0M
Short Term Debt52.3M51.9M59.2M65.2M82.4M50.6M
Net Tangible Assets2.3B2.3B2.1B1.5B1.3B1.7B
Net Receivables836.4M796.4M777.2M791.6M712.4M720.8M
Long Term Investments4.3B4.3B4.2B3.3B3.4B3.8B
Short Long Term Debt52.3M51.9M59.2M65.2M82.4M81.7M
Current Deferred Revenue4.7M2.9M3.3M3.2M6.4M4.5M
Net Invested Capital3.3B3.6B3.5B2.6B2.7B2.6B

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Other Information on Investing in Direct Stock

Balance Sheet is a snapshot of the financial position of Direct Line Insurance at a specified time, usually calculated after every quarter, six months, or one year. Direct Line Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Direct Line 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 Direct currently owns. An asset can also be divided into two categories, current and non-current.