Descartes Net Debt vs Total Assets Analysis

DSGX Stock

USD 116.54 0.24 0.21%

Descartes Systems financial indicator trend analysis is much more than just examining Descartes Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Descartes Systems is a good investment. Please check the relationship between Descartes Systems Net Debt and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Descartes Systems Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Descartes Systems Net Debt account and Total Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between Descartes Systems' Net Debt and Total Assets is -0.86. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Descartes Systems Group, assuming nothing else is changed. The correlation between historical values of Descartes Systems' Net Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Descartes Systems Group are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Descartes Systems' Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.86

Relationship Direction	Negative
Relationship Strength	Significant

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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.

Total Assets

Total assets refers to the total amount of Descartes Systems assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Descartes Systems books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Descartes Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Descartes Systems 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 Descartes Systems Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At this time, Descartes Systems' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 42.6 M in 2025, whereas Issuance Of Capital Stock is likely to drop slightly above 7.9 M in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	372.7M	434.6M	499.8M	524.8M
Total Revenue	486.0M	572.9M	658.9M	691.8M

Gross Profit Total Revenue

Descartes Systems fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Assets	Good Will	Common Stock Total Equity	Short Term Investments	Property Plant And Equipment Gross
Total Assets		-0.63	0.88	0.98	1.0	0.67	-0.86	0.88	0.87	0.91	0.99	0.93	0.91	0.96	0.62	0.96	0.14	0.98	0.93	-0.16	0.94	0.61	0.99	0.95	-0.63	0.94
Short Long Term Debt Total	-0.63		-0.55	-0.64	-0.64	-0.43	0.7	-0.81	-0.7	-0.67	-0.59	-0.66	-0.67	-0.52	0.02	-0.69	-0.02	-0.58	-0.66	0.58	-0.52	-0.39	-0.61	-0.7	-0.09	-0.66
Other Current Liab	0.88	-0.55		0.88	0.87	0.53	-0.83	0.82	0.72	0.84	0.85	0.89	0.84	0.75	0.52	0.89	0.15	0.89	0.85	-0.02	0.78	0.52	0.87	0.81	-0.52	0.83
Total Current Liabilities	0.98	-0.64	0.88		0.98	0.54	-0.9	0.92	0.93	0.95	0.95	0.91	0.95	0.96	0.53	0.96	0.2	0.98	0.96	-0.18	0.88	0.55	0.97	0.89	-0.54	0.97
Total Stockholder Equity	1.0	-0.64	0.87	0.98		0.68	-0.86	0.87	0.86	0.9	0.99	0.93	0.91	0.96	0.63	0.95	0.13	0.97	0.92	-0.18	0.95	0.62	0.99	0.96	-0.63	0.93
Property Plant And Equipment Net	0.67	-0.43	0.53	0.54	0.68		-0.41	0.41	0.34	0.39	0.74	0.75	0.39	0.61	0.74	0.58	-0.15	0.6	0.43	-0.06	0.78	0.78	0.7	0.76	-0.7	0.48
Net Debt	-0.86	0.7	-0.83	-0.9	-0.86	-0.41		-0.86	-0.84	-0.97	-0.79	-0.85	-0.97	-0.79	-0.43	-0.89	-0.41	-0.84	-0.96	0.3	-0.67	-0.6	-0.81	-0.77	0.36	-0.89
Retained Earnings	0.88	-0.81	0.82	0.92	0.87	0.41	-0.86		0.93	0.9	0.84	0.86	0.9	0.81	0.23	0.91	0.09	0.87	0.89	-0.24	0.75	0.38	0.87	0.83	-0.21	0.91
Accounts Payable	0.87	-0.7	0.72	0.93	0.86	0.34	-0.84	0.93		0.92	0.81	0.77	0.92	0.88	0.27	0.9	0.2	0.89	0.93	-0.28	0.72	0.42	0.84	0.75	-0.28	0.93
Cash	0.91	-0.67	0.84	0.95	0.9	0.39	-0.97	0.9	0.92		0.84	0.83	1.0	0.87	0.42	0.93	0.37	0.91	1.0	-0.27	0.73	0.55	0.86	0.79	-0.39	0.94
Non Current Assets Total	0.99	-0.59	0.85	0.95	0.99	0.74	-0.79	0.84	0.81	0.84		0.93	0.84	0.95	0.66	0.92	0.05	0.96	0.86	-0.12	0.98	0.6	1.0	0.97	-0.68	0.89
Non Currrent Assets Other	0.93	-0.66	0.89	0.91	0.93	0.75	-0.85	0.86	0.77	0.83	0.93		0.83	0.86	0.62	0.91	0.07	0.92	0.85	-0.07	0.88	0.69	0.94	0.91	-0.57	0.86
Cash And Short Term Investments	0.91	-0.67	0.84	0.95	0.91	0.39	-0.97	0.9	0.92	1.0	0.84	0.83		0.87	0.42	0.93	0.37	0.91	1.0	-0.27	0.73	0.55	0.86	0.79	-0.39	0.94
Net Receivables	0.96	-0.52	0.75	0.96	0.96	0.61	-0.79	0.81	0.88	0.87	0.95	0.86	0.87		0.62	0.89	0.16	0.95	0.9	-0.12	0.91	0.58	0.95	0.88	-0.64	0.92
Common Stock Shares Outstanding	0.62	0.02	0.52	0.53	0.63	0.74	-0.43	0.23	0.27	0.42	0.66	0.62	0.42	0.62		0.5	0.24	0.59	0.45	0.08	0.7	0.68	0.63	0.59	-0.93	0.46
Other Current Assets	0.96	-0.69	0.89	0.96	0.95	0.58	-0.89	0.91	0.9	0.93	0.92	0.91	0.93	0.89	0.5		0.2	0.94	0.94	-0.2	0.85	0.58	0.94	0.89	-0.49	0.89
Other Stockholder Equity	0.14	-0.02	0.15	0.2	0.13	-0.15	-0.41	0.09	0.2	0.37	0.05	0.07	0.37	0.16	0.24	0.2		0.18	0.35	-0.38	-0.04	0.15	0.08	-0.02	-0.13	0.17
Total Liab	0.98	-0.58	0.89	0.98	0.97	0.6	-0.84	0.87	0.89	0.91	0.96	0.92	0.91	0.95	0.59	0.94	0.18		0.93	-0.1	0.91	0.55	0.97	0.89	-0.62	0.93
Total Current Assets	0.93	-0.66	0.85	0.96	0.92	0.43	-0.96	0.89	0.93	1.0	0.86	0.85	1.0	0.9	0.45	0.94	0.35	0.93		-0.25	0.76	0.57	0.89	0.81	-0.43	0.95
Short Term Debt	-0.16	0.58	-0.02	-0.18	-0.18	-0.06	0.3	-0.24	-0.28	-0.27	-0.12	-0.07	-0.27	-0.12	0.08	-0.2	-0.38	-0.1	-0.25		-0.11	-0.08	-0.13	-0.22	-0.18	-0.22
Intangible Assets	0.94	-0.52	0.78	0.88	0.95	0.78	-0.67	0.75	0.72	0.73	0.98	0.88	0.73	0.91	0.7	0.85	-0.04	0.91	0.76	-0.11		0.55	0.97	0.96	-0.72	0.81
Other Assets	0.61	-0.39	0.52	0.55	0.62	0.78	-0.6	0.38	0.42	0.55	0.6	0.69	0.55	0.58	0.68	0.58	0.15	0.55	0.57	-0.08	0.55		0.58	0.58	-0.57	0.55
Good Will	0.99	-0.61	0.87	0.97	0.99	0.7	-0.81	0.87	0.84	0.86	1.0	0.94	0.86	0.95	0.63	0.94	0.08	0.97	0.89	-0.13	0.97	0.58		0.96	-0.65	0.91
Common Stock Total Equity	0.95	-0.7	0.81	0.89	0.96	0.76	-0.77	0.83	0.75	0.79	0.97	0.91	0.79	0.88	0.59	0.89	-0.02	0.89	0.81	-0.22	0.96	0.58	0.96		-0.57	0.83
Short Term Investments	-0.63	-0.09	-0.52	-0.54	-0.63	-0.7	0.36	-0.21	-0.28	-0.39	-0.68	-0.57	-0.39	-0.64	-0.93	-0.49	-0.13	-0.62	-0.43	-0.18	-0.72	-0.57	-0.65	-0.57		-0.46
Property Plant And Equipment Gross	0.94	-0.66	0.83	0.97	0.93	0.48	-0.89	0.91	0.93	0.94	0.89	0.86	0.94	0.92	0.46	0.89	0.17	0.93	0.95	-0.22	0.81	0.55	0.91	0.83	-0.46

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Descartes Systems Account Relationship Matchups

Descartes Systems fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.1B	1.2B	1.3B	1.5B	1.7B	1.8B
Short Long Term Debt Total	13.1M	11.4M	7.3M	7.0M	6.3M	6.0M
Other Current Liab	38.9M	113.2M	148.1M	92.4M	106.2M	111.6M
Total Current Liabilities	104.3M	133.4M	169.6M	203.6M	234.2M	245.9M
Total Stockholder Equity	911.1M	999.8M	1.1B	1.2B	1.4B	1.5B
Property Plant And Equipment Net	24.3M	21.4M	18.2M	17.8M	20.5M	11.7M
Net Debt	(120.6M)	(202.0M)	(269.1M)	(314.0M)	(282.6M)	(268.4M)
Retained Earnings	(83.7M)	2.6M	104.8M	220.8M	253.9M	266.6M
Accounts Payable	8.0M	10.6M	10.6M	17.5M	20.1M	21.1M
Cash	133.7M	213.4M	276.4M	321.0M	369.1M	387.5M
Non Current Assets Total	860.2M	893.4M	957.4M	1.1B	1.2B	1.3B
Non Currrent Assets Other	15.6M	18.7M	22.2M	26.8M	24.2M	17.4M
Cash And Short Term Investments	133.7M	213.4M	276.4M	321.0M	369.1M	387.5M
Net Receivables	52.0M	41.7M	45.2M	63.8M	73.3M	77.0M
Common Stock Shares Outstanding	85.8M	86.2M	86.5M	86.8M	99.8M	66.4M
Liabilities And Stockholders Equity	1.1B	1.2B	1.3B	1.5B	1.7B	1.8B
Other Current Assets	16.9M	36.0M	24.7M	33.3M	38.3M	40.2M
Other Stockholder Equity	464.1M	473.3M	486.6M	494.7M	568.9M	323.5M
Total Liab	152.2M	185.6M	216.7M	236.3M	271.7M	285.3M
Total Current Assets	203.1M	292.1M	358.7M	418.2M	480.9M	505.0M
Short Term Debt	4.2M	4.0M	3.4M	3.1M	2.8M	2.6M
Intangible Assets	240.0M	229.6M	229.8M	251.0M	288.7M	303.1M
Other Assets	35.1M	30.8M	33.6M	33.7M	38.8M	19.7M
Good Will	565.2M	608.8M	675.6M	760.4M	874.5M	918.2M
Property Plant And Equipment Gross	24.3M	21.4M	56.0M	60.4M	69.5M	73.0M
Accumulated Other Comprehensive Income	(1.2M)	(12.4M)	(30.5M)	(28.6M)	(25.7M)	(24.4M)
Common Stock	531.8M	536.3M	538.4M	551.2M	633.8M	665.5M
Property Plant Equipment	26.6M	24.3M	21.4M	18.2M	20.9M	12.1M
Non Current Liabilities Total	47.9M	52.2M	47.1M	32.6M	37.5M	35.0M
Current Deferred Revenue	49.9M	56.8M	67.8M	84.0M	96.6M	101.4M
Other Liab	22.5M	39.0M	44.8M	43.1M	49.6M	52.1M
Net Tangible Assets	41.1M	105.9M	161.4M	193.9M	223.0M	234.2M
Inventory	429K	868K	759K	1.0	0.9	0.86
Deferred Long Term Liab	9.8M	12.9M	16.6M	18.4M	21.2M	22.2M
Net Invested Capital	911.1M	999.8M	1.1B	1.2B	1.4B	968.8M
Net Working Capital	98.8M	158.6M	189.1M	214.6M	246.7M	259.1M

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Descartes Net Debt vs Total Assets Analysis

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Assets

Descartes Systems fundamental ratios Correlations

Descartes Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Descartes Systems fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Total Current Assets	+ 1.0	Cash And Short Term Investments
Non Current Assets Total	+ 0.99	Total Assets

Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Total Current Assets	- 0.96	Net Debt
Short Term Investments	- 0.93	Common Stock Shares Outstanding
Net Debt	- 0.9	Total Current Liabilities
Property Plant And Equipment Gross	- 0.89	Net Debt