D2L Net Debt vs Cash Analysis
| DTOL Stock | 14.95 0.08 0.53% |
D2L financial indicator trend analysis is much more than just examining D2L Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether D2L Inc is a good investment. Please check the relationship between D2L Net Debt and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in D2L Inc. 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.
Net Debt vs Cash
Net Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of D2L Inc Net Debt account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between D2L's Net Debt and Cash is -0.98. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of D2L Inc, assuming nothing else is changed. The correlation between historical values of D2L's Net Debt and Cash 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 D2L Inc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., D2L's Net Debt and Cash go up and down completely randomly.
Correlation Coefficient | -0.98 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
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.Cash
Cash refers to the most liquid asset of D2L Inc, which is listed under current asset account on D2L Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from D2L customers. The amounts must be unrestricted with restricted cash listed in a different D2L account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from D2L's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into D2L Inc 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 D2L Inc. 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. At this time, D2L's Tax Provision is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value Over EBITDA is likely to grow to 967.39, while Selling General Administrative is likely to drop about 25.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 3.5M | 4.2M | 2.9M | 2.9M | Interest Income | 170.1K | 474.8K | 4.2M | 4.4M |
D2L fundamental ratios Correlations
Click cells to compare fundamentals
D2L Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with D2L
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 D2L 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 D2L will appreciate offsetting losses from the drop in the long position's value.Moving against D2L Stock
| 0.54 | DELX | DelphX Capital Markets Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to D2L could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace D2L 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 D2L - 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 D2L Inc to buy it.
The correlation of D2L 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 D2L moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if D2L Inc 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 D2L 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.Other Information on Investing in D2L Stock
Balance Sheet is a snapshot of the financial position of D2L Inc at a specified time, usually calculated after every quarter, six months, or one year. D2L Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of D2L 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 D2L currently owns. An asset can also be divided into two categories, current and non-current.