Leonardo Accounts Payable vs Net Debt Analysis

DRS Stock   35.70  0.74  2.12%   
Leonardo DRS, financial indicator trend analysis is infinitely more than just investigating Leonardo DRS, Common recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Leonardo DRS, Common is a good investment. Please check the relationship between Leonardo DRS, Accounts Payable and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Leonardo DRS, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Accounts Payable vs Net Debt

Accounts Payable vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Leonardo DRS, Common Accounts Payable account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Leonardo DRS,'s Accounts Payable and Net Debt is 0.96. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Debt in the same time period over historical financial statements of Leonardo DRS, Common, assuming nothing else is changed. The correlation between historical values of Leonardo DRS,'s Accounts Payable 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 Accounts Payable of Leonardo DRS, Common 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 Accounts Payable i.e., Leonardo DRS,'s Accounts Payable and Net Debt go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Accounts Payable

An accounting item on the balance sheet that represents Leonardo DRS, 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 Leonardo DRS, Common 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.

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 Leonardo DRS,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Leonardo DRS, Common 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 Leonardo DRS, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Leonardo DRS,'s Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 12.6 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.09 in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit547M575M648M432.7M
Total Revenue2.9B2.7B2.8B2.2B

Leonardo DRS, fundamental ratios Correlations

0.990.98-0.970.920.480.781.00.910.630.640.990.961.00.981.00.710.970.830.990.58-0.860.69-0.860.830.85
0.990.96-0.980.920.50.741.00.880.560.580.980.961.00.990.990.650.990.790.990.52-0.830.69-0.810.780.8
0.980.96-0.920.890.420.830.970.920.710.720.990.940.970.920.990.780.920.880.960.67-0.90.7-0.920.890.92
-0.97-0.98-0.92-0.94-0.52-0.75-0.98-0.84-0.57-0.58-0.95-0.94-0.98-0.99-0.95-0.65-0.98-0.8-0.97-0.510.83-0.740.78-0.78-0.78
0.920.920.89-0.940.50.860.920.870.770.780.930.870.920.920.920.820.910.890.880.61-0.80.63-0.770.840.83
0.480.50.42-0.520.50.330.50.620.210.220.460.440.490.530.470.280.510.360.470.05-0.30.27-0.280.290.28
0.780.740.83-0.750.860.330.760.810.920.930.790.720.750.690.80.960.70.990.720.9-0.870.68-0.90.960.93
1.01.00.97-0.980.920.50.760.890.60.610.990.961.00.990.990.680.980.810.990.54-0.840.69-0.830.80.82
0.910.880.92-0.840.870.620.810.890.710.720.920.860.890.850.920.780.850.840.870.56-0.80.58-0.830.820.86
0.630.560.71-0.570.770.210.920.60.711.00.680.560.590.520.660.990.50.920.530.84-0.770.53-0.770.890.86
0.640.580.72-0.580.780.220.930.610.721.00.690.570.60.530.670.990.520.930.550.84-0.780.54-0.780.90.86
0.990.980.99-0.950.930.460.790.990.920.680.690.960.980.960.990.750.950.850.970.58-0.870.67-0.860.840.88
0.960.960.94-0.940.870.440.720.960.860.560.570.960.960.940.950.640.970.770.980.49-0.850.65-0.810.80.85
1.01.00.97-0.980.920.490.751.00.890.590.60.980.960.990.990.670.980.810.990.54-0.850.7-0.840.80.82
0.980.990.92-0.990.920.530.690.990.850.520.530.960.940.990.970.60.990.750.980.45-0.770.64-0.750.720.74
1.00.990.99-0.950.920.470.80.990.920.660.670.990.950.990.970.740.960.850.980.61-0.860.68-0.880.840.87
0.710.650.78-0.650.820.280.960.680.780.990.990.750.640.670.60.740.590.970.630.87-0.840.63-0.850.940.91
0.970.990.92-0.980.910.510.70.980.850.50.520.950.970.980.990.960.590.740.980.44-0.760.6-0.750.730.77
0.830.790.88-0.80.890.360.990.810.840.920.930.850.770.810.750.850.970.740.780.88-0.910.74-0.930.980.94
0.990.990.96-0.970.880.470.720.990.870.530.550.970.980.990.980.980.630.980.780.52-0.850.7-0.840.790.82
0.580.520.67-0.510.610.050.90.540.560.840.840.580.490.540.450.610.870.440.880.52-0.780.68-0.870.870.82
-0.86-0.83-0.90.83-0.8-0.3-0.87-0.84-0.8-0.77-0.78-0.87-0.85-0.85-0.77-0.86-0.84-0.76-0.91-0.85-0.78-0.890.95-0.96-0.93
0.690.690.7-0.740.630.270.680.690.580.530.540.670.650.70.640.680.630.60.740.70.68-0.89-0.80.790.69
-0.86-0.81-0.920.78-0.77-0.28-0.9-0.83-0.83-0.77-0.78-0.86-0.81-0.84-0.75-0.88-0.85-0.75-0.93-0.84-0.870.95-0.8-0.96-0.96
0.830.780.89-0.780.840.290.960.80.820.890.90.840.80.80.720.840.940.730.980.790.87-0.960.79-0.960.98
0.850.80.92-0.780.830.280.930.820.860.860.860.880.850.820.740.870.910.770.940.820.82-0.930.69-0.960.98
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Leonardo DRS, Account Relationship Matchups

Leonardo DRS, fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.9B3.0B3.1B3.7B3.9B2.3B
Total Current Liabilities1.0B975M989M1.0B1.1B702.4M
Total Stockholder Equity1.0B1.4B1.6B2.1B2.3B1.2B
Retained Earnings(3.2B)(3.1B)(3.0B)(3.0B)(2.8B)(2.9B)
Other Assets163M108M82M158M181.7M190.8M
Cash And Short Term Investments85M61M240M306M467M490.4M
Net Receivables902M889M899M1.0B1.1B661.9M
Liabilities And Stockholders Equity2.9B3.0B3.1B3.7B3.9B2.3B
Capital Surpluse121.2M144.9M203.9M5.1B5.9B6.2B
Inventory209M247M205M319M329M183.6M
Other Current Assets36M66M45M44M63M35.9M
Other Stockholder Equity4.3B4.6B4.6B5.1B5.2B3.3B
Total Liab1.9B1.5B1.5B1.6B1.6B1.1B
Total Current Assets1.3B1.3B1.4B1.7B1.9B1.0B
Cash And Equivalents13.8M36.3M78.7M306M351.9M369.5M
Short Term Debt77M75M65M54M80M48.3M
Property Plant Equipment348M443M448M404M464.6M259.9M

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