Danimer Historical Balance Sheet
DNMR Stock | USD 4.74 0.46 8.85% |
Trend analysis of Danimer Scientific balance sheet accounts such as Net Tangible Assets of 265.6 M or Accounts Payable of 5 M provides information on Danimer Scientific's total assets, liabilities, and equity, which is the actual value of Danimer Scientific to its prevalent stockholders. By breaking down trends over time using Danimer Scientific balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Danimer Scientific latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Danimer Scientific is a good buy for the upcoming year.
Danimer Scientific Inventory |
|
Danimer |
About Danimer Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Danimer Scientific at a specified time, usually calculated after every quarter, six months, or one year. Danimer Scientific Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Danimer Scientific 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 Danimer currently owns. An asset can also be divided into two categories, current and non-current.
Danimer Scientific Balance Sheet Chart
Add Fundamental
Total Current Liabilities
Total Current Liabilities is an item on Danimer Scientific balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Danimer Scientific 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.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Accounts Payable
An accounting item on the balance sheet that represents Danimer Scientific obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Danimer Scientific are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most accounts from Danimer Scientific's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Danimer Scientific current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Danimer Scientific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Danimer Stock, please use our How to Invest in Danimer Scientific guide.At this time, Danimer Scientific's Net Working Capital is relatively stable compared to the past year. As of 11/26/2024, Short Term Debt is likely to grow to about 10.7 M, while Net Tangible Assets are likely to drop slightly above 265.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 43.5M | 25.3M | 15.7M | 24.3M | Other Current Liabilities | 14.9M | 995K | 837K | 795.2K |
Danimer Scientific balance sheet Correlations
Click cells to compare fundamentals
Danimer Scientific Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Danimer Scientific balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 9.7M | 6.2M | 14.9M | 995K | 837K | 795.2K | |
Total Current Liabilities | 34.3M | 50.5M | 43.5M | 25.3M | 15.7M | 24.3M | |
Net Tangible Assets | 14.5M | 437.1M | 353.0M | 377.6M | 434.3M | 265.6M | |
Retained Earnings | (49.9M) | (62.5M) | (118.9M) | (298.6M) | (454.1M) | (431.4M) | |
Accounts Payable | 8.1M | 10.6M | 20.8M | 15.0M | 5.3M | 5.0M | |
Other Assets | 30.9M | 15.8M | 15.5M | 33.3M | 30.0M | 21.6M | |
Net Receivables | 5.5M | 8.1M | 24.6M | 24.3M | 18.9M | 16.2M | |
Inventory | 7.0M | 13.6M | 24.6M | 32.7M | 25.3M | 19.7M | |
Total Current Assets | 19.2M | 402.4M | 340.4M | 125.1M | 108.0M | 185.7M | |
Property Plant Equipment | 92.4M | 126.2M | 335.4M | 453.9M | 522.0M | 548.1M |
Pair Trading with Danimer Scientific
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 Danimer Scientific 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 Danimer Scientific will appreciate offsetting losses from the drop in the long position's value.Moving against Danimer Stock
0.76 | WDFC | WD 40 Company | PairCorr |
0.75 | ECVT | Ecovyst | PairCorr |
0.75 | WTTR | Select Energy Services | PairCorr |
0.37 | ALB-PA | Albemarle | PairCorr |
0.37 | ALB | Albemarle Corp | PairCorr |
The ability to find closely correlated positions to Danimer Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danimer Scientific 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 Danimer Scientific - 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 Danimer Scientific to buy it.
The correlation of Danimer Scientific 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 Danimer Scientific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danimer Scientific 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 Danimer Scientific 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.Additional Tools for Danimer Stock Analysis
When running Danimer Scientific's price analysis, check to measure Danimer Scientific'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 Danimer Scientific is operating at the current time. Most of Danimer Scientific's value examination focuses on studying past and present price action to predict the probability of Danimer Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danimer Scientific's price. Additionally, you may evaluate how the addition of Danimer Scientific to your portfolios can decrease your overall portfolio volatility.