DIRTT Long Term Debt vs Cash And Short Term Investments Analysis

DRT Stock

CAD 0.94 0.06 6.82%

DIRTT Environmental financial indicator trend analysis is much more than just examining DIRTT Environmental latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DIRTT Environmental is a good investment. Please check the relationship between DIRTT Environmental Long Term Debt and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DIRTT Environmental Solutions. 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.

Long Term Debt vs Cash And Short Term Investments

Long Term Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DIRTT Environmental Long Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between DIRTT Environmental's Long Term Debt and Cash And Short Term Investments is -0.4. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of DIRTT Environmental Solutions, assuming nothing else is changed. The correlation between historical values of DIRTT Environmental's Long Term Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of DIRTT Environmental Solutions are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Long Term Debt i.e., DIRTT Environmental's Long Term Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.4

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that DIRTT Environmental has held for over one year. Long-term debt appears on DIRTT Environmental Solutions balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on DIRTT Environmental Solutions balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of DIRTT Environmental balance sheet. This account contains DIRTT Environmental investments that will expire within one year. These investments include stocks and bonds that can be liquidated by DIRTT Environmental Solutions fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from DIRTT Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DIRTT Environmental 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 DIRTT Environmental Solutions. 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.

As of the 23rd of November 2024, Selling General Administrative is likely to grow to about 34.3 M, while Tax Provision is likely to drop about 315.4 K.

	2021	2022	2023	2024 (projected)
Interest Expense	3.1M	5.2M	4.9M	5.2M
Depreciation And Amortization	18.2M	19.7M	17.1M	16.3M

Interest Expense Depreciation And Amortization

DIRTT Environmental fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.27	0.66	0.72	0.42	0.12	0.41	0.7	-0.79	-0.01	0.02	0.42	0.65	0.85	0.59	0.44	0.1	0.65	0.38	-0.38	0.61	0.75	0.25	0.78	0.62	0.59
Short Long Term Debt Total	0.27		0.44	0.32	-0.72	-0.44	-0.69	0.72	-0.49	0.94	-0.92	-0.29	-0.36	0.57	0.71	0.63	0.96	-0.36	-0.26	-0.95	0.7	0.46	1.0	0.53	0.8	0.67
Other Current Liab	0.66	0.44		0.76	0.03	-0.47	-0.11	0.75	-0.54	0.36	-0.27	0.0	-0.02	0.77	0.82	0.67	0.24	-0.02	0.52	-0.44	0.65	0.56	0.43	0.68	0.71	0.5
Total Current Liabilities	0.72	0.32	0.76		0.1	-0.07	0.0	0.5	-0.33	0.19	-0.23	0.6	0.21	0.61	0.49	0.36	0.22	0.21	0.66	-0.47	0.59	0.71	0.32	0.83	0.53	0.38
Total Stockholder Equity	0.42	-0.72	0.03	0.1		0.45	0.96	-0.11	-0.16	-0.88	0.89	0.46	0.79	0.1	-0.18	-0.26	-0.81	0.79	0.42	0.63	-0.18	0.07	-0.74	0.01	-0.24	-0.14
Other Liab	0.12	-0.44	-0.47	-0.07	0.45		0.6	-0.43	0.13	-0.57	0.45	0.55	0.61	-0.29	-0.6	-0.67	-0.33	0.61	0.14	0.24	-0.36	0.06	-0.43	0.0	-0.46	-0.41
Net Tangible Assets	0.41	-0.69	-0.11	0.0	0.96	0.6		-0.16	-0.22	-0.86	0.85	0.47	0.84	0.04	-0.24	-0.3	-0.75	0.84	0.35	0.55	-0.18	0.14	-0.7	0.01	-0.28	-0.23
Property Plant And Equipment Net	0.7	0.72	0.75	0.5	-0.11	-0.43	-0.16		-0.85	0.56	-0.47	-0.16	0.04	0.96	0.94	0.77	0.51	0.04	-0.04	-0.66	0.85	0.65	0.7	0.71	0.9	0.84
Current Deferred Revenue	-0.79	-0.49	-0.54	-0.33	-0.16	0.13	-0.22	-0.85		-0.26	0.22	0.04	-0.39	-0.87	-0.74	-0.65	-0.28	-0.39	0.03	0.49	-0.73	-0.73	-0.46	-0.6	-0.71	-0.65
Net Debt	-0.01	0.94	0.36	0.19	-0.88	-0.57	-0.86	0.56	-0.26		-0.97	-0.43	-0.65	0.37	0.6	0.58	0.92	-0.65	-0.3	-0.85	0.56	0.27	0.95	0.37	0.62	0.49
Retained Earnings	0.02	-0.92	-0.27	-0.23	0.89	0.45	0.85	-0.47	0.22	-0.97		0.28	0.6	-0.3	-0.51	-0.54	-0.91	0.6	0.3	0.88	-0.58	-0.35	-0.93	-0.39	-0.54	-0.4
Accounts Payable	0.42	-0.29	0.0	0.6	0.46	0.55	0.47	-0.16	0.04	-0.43	0.28		0.57	0.03	-0.27	-0.3	-0.25	0.57	0.53	0.03	0.1	0.45	-0.28	0.4	-0.11	-0.11
Cash	0.65	-0.36	-0.02	0.21	0.79	0.61	0.84	0.04	-0.39	-0.65	0.6	0.57		0.25	-0.1	-0.17	-0.4	1.0	0.23	0.22	0.01	0.3	-0.37	0.18	0.05	0.13
Non Current Assets Total	0.85	0.57	0.77	0.61	0.1	-0.29	0.04	0.96	-0.87	0.37	-0.3	0.03	0.25		0.87	0.7	0.35	0.25	0.08	-0.55	0.81	0.69	0.54	0.78	0.82	0.83
Non Currrent Assets Other	0.59	0.71	0.82	0.49	-0.18	-0.6	-0.24	0.94	-0.74	0.6	-0.51	-0.27	-0.1	0.87		0.9	0.51	-0.1	0.05	-0.65	0.85	0.59	0.69	0.66	0.88	0.73
Other Assets	0.44	0.63	0.67	0.36	-0.26	-0.67	-0.3	0.77	-0.65	0.58	-0.54	-0.3	-0.17	0.7	0.9		0.44	-0.17	-0.05	-0.59	0.8	0.53	0.62	0.52	0.71	0.56
Long Term Debt	0.1	0.96	0.24	0.22	-0.81	-0.33	-0.75	0.51	-0.28	0.92	-0.91	-0.25	-0.4	0.35	0.51	0.44		-0.4	-0.31	-0.92	0.52	0.31	0.96	0.42	0.67	0.56
Cash And Short Term Investments	0.65	-0.36	-0.02	0.21	0.79	0.61	0.84	0.04	-0.39	-0.65	0.6	0.57	1.0	0.25	-0.1	-0.17	-0.4		0.23	0.22	0.01	0.3	-0.37	0.18	0.05	0.13
Net Receivables	0.38	-0.26	0.52	0.66	0.42	0.14	0.35	-0.04	0.03	-0.3	0.3	0.53	0.23	0.08	0.05	-0.05	-0.31	0.23		0.09	0.05	0.32	-0.26	0.38	-0.01	-0.23
Good Will	-0.38	-0.95	-0.44	-0.47	0.63	0.24	0.55	-0.66	0.49	-0.85	0.88	0.03	0.22	-0.55	-0.65	-0.59	-0.92	0.22	0.09		-0.75	-0.65	-0.95	-0.68	-0.76	-0.55
Common Stock Total Equity	0.61	0.7	0.65	0.59	-0.18	-0.36	-0.18	0.85	-0.73	0.56	-0.58	0.1	0.01	0.81	0.85	0.8	0.52	0.01	0.05	-0.75		0.84	0.69	0.77	0.8	0.62
Common Stock Shares Outstanding	0.75	0.46	0.56	0.71	0.07	0.06	0.14	0.65	-0.73	0.27	-0.35	0.45	0.3	0.69	0.59	0.53	0.31	0.3	0.32	-0.65	0.84		0.45	0.85	0.59	0.35
Non Current Liabilities Total	0.25	1.0	0.43	0.32	-0.74	-0.43	-0.7	0.7	-0.46	0.95	-0.93	-0.28	-0.37	0.54	0.69	0.62	0.96	-0.37	-0.26	-0.95	0.69	0.45		0.52	0.78	0.65
Inventory	0.78	0.53	0.68	0.83	0.01	0.0	0.01	0.71	-0.6	0.37	-0.39	0.4	0.18	0.78	0.66	0.52	0.42	0.18	0.38	-0.68	0.77	0.85	0.52		0.62	0.5
Other Current Assets	0.62	0.8	0.71	0.53	-0.24	-0.46	-0.28	0.9	-0.71	0.62	-0.54	-0.11	0.05	0.82	0.88	0.71	0.67	0.05	-0.01	-0.76	0.8	0.59	0.78	0.62		0.84
Other Stockholder Equity	0.59	0.67	0.5	0.38	-0.14	-0.41	-0.23	0.84	-0.65	0.49	-0.4	-0.11	0.13	0.83	0.73	0.56	0.56	0.13	-0.23	-0.55	0.62	0.35	0.65	0.5	0.84

Click cells to compare fundamentals

DIRTT Environmental Account Relationship Matchups

DIRTT Environmental fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	175.6M	183.1M	199.4M	143.7M	124.3M	173.3M
Short Long Term Debt Total	21.4M	41.3M	104.1M	98.9M	89.6M	94.0M
Other Current Liab	18.0M	18.2M	17.3M	16.4M	10.0M	13.7M
Total Current Liabilities	34.4M	31.3M	37.1M	36.0M	33.7M	36.6M
Total Stockholder Equity	125.0M	116.5M	67.8M	18.0M	7.1M	6.7M
Other Liab	995.2K	965K	35K	414K	372.6K	624.8K
Net Tangible Assets	115.4M	106.7M	60.4M	13.6M	12.2M	11.6M
Property Plant And Equipment Net	62.0M	83.5M	82.6M	72.0M	54.9M	57.5M
Current Deferred Revenue	3.6M	1.8M	2.4M	4.9M	5.3M	3.9M
Net Debt	(25.8M)	(4.6M)	43.8M	88.0M	64.8M	68.1M
Retained Earnings	(46.0M)	(57.3M)	(111.3M)	(166.3M)	(180.9M)	(171.8M)
Accounts Payable	7.6M	4.9M	7.8M	5.6M	12.4M	8.7M
Cash	47.2M	45.8M	60.3M	10.8M	24.7M	36.9M
Non Current Assets Total	82.5M	98.3M	95.6M	81.5M	60.8M	75.9M
Non Currrent Assets Other	5.5M	5.0M	5.7M	5.1M	3.5M	3.0M
Other Assets	10.9M	5.0M	5.7M	5.1M	5.9M	6.2M
Long Term Debt	35K	5.1M	67.3M	62.1M	55.3M	58.0M
Cash And Short Term Investments	47.2M	45.8M	60.3M	10.8M	24.7M	36.9M
Net Receivables	24.9M	19.0M	17.5M	21.8M	16.3M	17.8M
Common Stock Shares Outstanding	84.7M	84.7M	85.0M	87.7M	102.0M	89.6M
Liabilities And Stockholders Equity	175.6M	183.1M	199.4M	143.7M	124.3M	173.3M
Non Current Liabilities Total	16.2M	35.3M	94.6M	89.7M	83.5M	87.6M
Inventory	17.6M	16.0M	18.5M	22.3M	16.6M	18.4M
Other Current Assets	3.3M	4.1M	7.5M	3.8M	4.0M	3.2M
Other Stockholder Equity	8.3M	10.2M	13.2M	9.0M	8.0M	8.9M
Total Liab	50.6M	66.6M	131.7M	125.7M	117.2M	73.4M
Property Plant And Equipment Gross	62.0M	83.5M	191.8M	181.4M	170.0M	90.9M
Total Current Assets	93.0M	84.8M	103.8M	62.1M	63.5M	70.8M
Accumulated Other Comprehensive Income	(18.0M)	(17.0M)	(15.9M)	(16.1M)	(16.1M)	(15.3M)
Short Term Debt	5.3M	6.4M	9.5M	9.2M	6.1M	5.5M
Intangible Assets	8.2M	8.3M	7.4M	4.4M	2.5M	2.3M
Property Plant Equipment	62.0M	83.5M	82.6M	72.0M	82.8M	60.9M
Long Term Debt Total	3.1M	35K	5.1M	67.3M	77.4M	81.3M
Capital Surpluse	6.6M	8.3M	10.2M	13.2M	15.2M	10.2M

Pair Trading with DIRTT Environmental

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 DIRTT Environmental 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 DIRTT Environmental will appreciate offsetting losses from the drop in the long position's value.

Moving together with DIRTT Stock

0.8	RY	Royal Bank	Pair Corr
0.75	TD-PFI	Toronto Dominion Bank	Pair Corr
0.61	AMZN	Amazon CDR	Pair Corr
0.69	BNS	Bank of Nova Scotia	Pair Corr

Moving against DIRTT Stock

0.73

Toronto Dominion Bank

Pair Corr

The ability to find closely correlated positions to DIRTT Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DIRTT Environmental 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 DIRTT Environmental - 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 DIRTT Environmental Solutions to buy it.

The correlation of DIRTT Environmental 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 DIRTT Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DIRTT Environmental 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 DIRTT Environmental 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 DIRTT Stock

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

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DIRTT Long Term Debt vs Cash And Short Term Investments Analysis

Long Term Debt vs Cash And Short Term Investments

Long Term Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Long Term Debt

Cash And Short Term Investments

DIRTT Environmental fundamental ratios Correlations

DIRTT Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DIRTT Environmental fundamental ratios Accounts

Pair Trading with DIRTT Environmental

Moving together with DIRTT Stock

Moving against DIRTT Stock

Other Information on Investing in DIRTT Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Long Term Debt	+ 0.96	Short Long Term Debt Total
Net Tangible Assets	+ 0.96	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.96	Long Term Debt

Retained Earnings	- 0.97	Net Debt
Non Current Liabilities Total	- 0.95	Good Will
Good Will	- 0.95	Short Long Term Debt Total
Non Current Liabilities Total	- 0.93	Retained Earnings
Good Will	- 0.92	Long Term Debt
Retained Earnings	- 0.92	Short Long Term Debt Total