Alpha Total Current Assets vs Cash And Short Term Investments Analysis

DRTS Stock

USD 2.80 0.06 2.10%

Alpha Tau financial indicator trend analysis is way more than just evaluating Alpha Tau Medical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alpha Tau Medical is a good investment. Please check the relationship between Alpha Tau Total Current Assets 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 Alpha Tau Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Total Current Assets vs Cash And Short Term Investments

Total Current Assets 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 Alpha Tau Medical Total Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.

The correlation between Alpha Tau's Total Current Assets and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Alpha Tau Medical, assuming nothing else is changed. The correlation between historical values of Alpha Tau's Total Current Assets 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 Total Current Assets of Alpha Tau Medical 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 Total Current Assets i.e., Alpha Tau's Total Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Alpha Tau Medical balance sheet. This account contains Alpha Tau investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Alpha Tau Medical 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 Alpha Tau's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alpha Tau Medical 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 Alpha Tau Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Tax Provision is likely to drop to about 15.2 K in 2024. Selling General Administrative is likely to drop to about 4.8 M in 2024

	2021	2022	2023	2024 (projected)
Net Interest Income	195K	1.8M	4.7M	5.0M
Tax Provision	7K	20K	16K	15.2K

Net Interest Income Tax Provision

Alpha Tau fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Net Working Capital	Property Plant Equipment
Total Assets		0.69	0.85	0.91	0.88	0.93	0.06	-0.9	0.82	0.43	0.91	0.29	0.99	-0.12	-0.09	0.93	-0.39	-0.11	0.83	0.93	-0.29	0.9	0.84	0.99	0.99	0.96
Other Current Liab	0.69		0.95	0.46	0.54	0.87	0.43	-0.84	0.84	0.86	0.9	0.8	0.61	-0.32	-0.45	0.39	0.21	-0.22	0.83	0.66	0.31	0.48	0.82	0.61	0.58	0.85
Total Current Liabilities	0.85	0.95		0.69	0.74	0.98	0.23	-0.94	0.95	0.7	0.99	0.61	0.79	-0.29	-0.24	0.63	-0.09	-0.11	0.9	0.83	0.03	0.7	0.9	0.8	0.77	0.96
Total Stockholder Equity	0.91	0.46	0.69		0.98	0.79	-0.29	-0.85	0.74	0.13	0.76	0.03	0.91	-0.14	0.25	0.94	-0.65	0.18	0.78	0.97	-0.58	1.0	0.82	0.92	0.92	0.77
Net Tangible Assets	0.88	0.54	0.74	0.98		0.83	-0.26	-0.9	0.81	0.21	0.8	0.09	0.87	-0.29	0.22	0.87	-0.59	0.17	0.85	0.98	-0.52	0.99	0.89	0.88	0.88	0.78
Property Plant And Equipment Net	0.93	0.87	0.98	0.79	0.83		0.15	-0.95	0.96	0.59	1.0	0.44	0.88	-0.32	-0.15	0.76	-0.23	-0.12	0.91	0.89	-0.12	0.8	0.91	0.89	0.86	0.98
Net Debt	0.06	0.43	0.23	-0.29	-0.26	0.15		-0.07	0.03	0.81	0.2	0.57	0.03	-0.29	-0.98	-0.21	0.85	-0.91	0.21	-0.13	0.88	-0.29	0.09	0.03	0.01	0.23
Retained Earnings	-0.9	-0.84	-0.94	-0.85	-0.9	-0.95	-0.07		-0.9	-0.59	-0.95	-0.49	-0.86	0.33	0.12	-0.74	0.24	0.02	-0.96	-0.96	0.14	-0.86	-0.98	-0.86	-0.84	-0.91
Accounts Payable	0.82	0.84	0.95	0.74	0.81	0.96	0.03	-0.9		0.5	0.96	0.36	0.76	-0.42	0.0	0.66	-0.29	0.01	0.88	0.84	-0.19	0.75	0.89	0.77	0.74	0.89
Cash	0.43	0.86	0.7	0.13	0.21	0.59	0.81	-0.59	0.5		0.64	0.86	0.37	-0.38	-0.83	0.09	0.63	-0.61	0.67	0.36	0.71	0.15	0.6	0.37	0.33	0.62
Non Current Assets Total	0.91	0.9	0.99	0.76	0.8	1.0	0.2	-0.95	0.96	0.64		0.51	0.86	-0.3	-0.2	0.73	-0.17	-0.13	0.91	0.87	-0.06	0.77	0.91	0.87	0.84	0.98
Non Currrent Assets Other	0.29	0.8	0.61	0.03	0.09	0.44	0.57	-0.49	0.36	0.86	0.51		0.22	0.02	-0.67	-0.02	0.58	-0.23	0.46	0.26	0.65	0.04	0.45	0.22	0.19	0.49
Cash And Short Term Investments	0.99	0.61	0.79	0.91	0.87	0.88	0.03	-0.86	0.76	0.37	0.86	0.22		-0.06	-0.07	0.96	-0.43	-0.11	0.78	0.91	-0.34	0.91	0.79	1.0	1.0	0.92
Net Receivables	-0.12	-0.32	-0.29	-0.14	-0.29	-0.32	-0.29	0.33	-0.42	-0.38	-0.3	0.02	-0.06		0.19	0.06	-0.17	0.4	-0.54	-0.25	-0.2	-0.17	-0.48	-0.07	-0.05	-0.17
Common Stock Shares Outstanding	-0.09	-0.45	-0.24	0.25	0.22	-0.15	-0.98	0.12	0.0	-0.83	-0.2	-0.67	-0.07	0.19		0.18	-0.86	0.85	-0.24	0.07	-0.89	0.24	-0.13	-0.06	-0.04	-0.24
Short Term Investments	0.93	0.39	0.63	0.94	0.87	0.76	-0.21	-0.74	0.66	0.09	0.73	-0.02	0.96	0.06	0.18		-0.65	0.07	0.63	0.87	-0.58	0.93	0.66	0.96	0.97	0.8
Non Current Liabilities Total	-0.39	0.21	-0.09	-0.65	-0.59	-0.23	0.85	0.24	-0.29	0.63	-0.17	0.58	-0.43	-0.17	-0.86	-0.65		-0.66	-0.1	-0.47	0.99	-0.64	-0.2	-0.43	-0.45	-0.19
Inventory	-0.11	-0.22	-0.11	0.18	0.17	-0.12	-0.91	0.02	0.01	-0.61	-0.13	-0.23	-0.11	0.4	0.85	0.07	-0.66		-0.19	0.09	-0.67	0.18	-0.06	-0.1	-0.1	-0.18
Other Current Assets	0.83	0.83	0.9	0.78	0.85	0.91	0.21	-0.96	0.88	0.67	0.91	0.46	0.78	-0.54	-0.24	0.63	-0.1	-0.19		0.9	-0.01	0.79	0.99	0.79	0.77	0.85
Other Stockholder Equity	0.93	0.66	0.83	0.97	0.98	0.89	-0.13	-0.96	0.84	0.36	0.87	0.26	0.91	-0.25	0.07	0.87	-0.47	0.09	0.9		-0.38	0.97	0.94	0.92	0.91	0.86
Total Liab	-0.29	0.31	0.03	-0.58	-0.52	-0.12	0.88	0.14	-0.19	0.71	-0.06	0.65	-0.34	-0.2	-0.89	-0.58	0.99	-0.67	-0.01	-0.38		-0.57	-0.1	-0.34	-0.37	-0.08
Net Invested Capital	0.9	0.48	0.7	1.0	0.99	0.8	-0.29	-0.86	0.75	0.15	0.77	0.04	0.91	-0.17	0.24	0.93	-0.64	0.18	0.79	0.97	-0.57		0.83	0.91	0.91	0.77
Property Plant And Equipment Gross	0.84	0.82	0.9	0.82	0.89	0.91	0.09	-0.98	0.89	0.6	0.91	0.45	0.79	-0.48	-0.13	0.66	-0.2	-0.06	0.99	0.94	-0.1	0.83		0.8	0.78	0.85
Total Current Assets	0.99	0.61	0.8	0.92	0.88	0.89	0.03	-0.86	0.77	0.37	0.87	0.22	1.0	-0.07	-0.06	0.96	-0.43	-0.1	0.79	0.92	-0.34	0.91	0.8		1.0	0.92
Net Working Capital	0.99	0.58	0.77	0.92	0.88	0.86	0.01	-0.84	0.74	0.33	0.84	0.19	1.0	-0.05	-0.04	0.97	-0.45	-0.1	0.77	0.91	-0.37	0.91	0.78	1.0		0.91
Property Plant Equipment	0.96	0.85	0.96	0.77	0.78	0.98	0.23	-0.91	0.89	0.62	0.98	0.49	0.92	-0.17	-0.24	0.8	-0.19	-0.18	0.85	0.86	-0.08	0.77	0.85	0.92	0.91

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Alpha Total Current Assets vs Cash And Short Term Investments Analysis

Total Current Assets vs Cash And Short Term Investments

Total Current Assets vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Total Current Assets

Cash And Short Term Investments

Alpha Tau fundamental ratios Correlations

Alpha Tau Account Relationship Matchups

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Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Net Working Capital	+ 1.0	Cash And Short Term Investments
Net Working Capital	+ 1.0	Total Current Assets
Cash And Short Term Investments	+ 0.99	Total Assets

Property Plant And Equipment Gross	- 0.98	Retained Earnings
Common Stock Shares Outstanding	- 0.98	Net Debt
Other Stockholder Equity	- 0.96	Retained Earnings
Other Current Assets	- 0.96	Retained Earnings
Non Current Assets Total	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Property Plant And Equipment Net