Drone Net Tangible Assets vs Short Term Debt Analysis

FLT Stock

CAD 0.13 0.01 8.33%

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

Net Tangible Assets vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Drone Delivery Canada Net Tangible Assets account and Short Term Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Drone Delivery's Net Tangible Assets and Short Term Debt is 0.92. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Drone Delivery Canada, assuming nothing else is changed. The correlation between historical values of Drone Delivery's Net Tangible Assets and Short Term 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 Net Tangible Assets of Drone Delivery Canada are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Net Tangible Assets i.e., Drone Delivery's Net Tangible Assets and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Short Term Debt

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

Enterprise Value is likely to climb to about 58.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 6.3 M in 2024.

	2021	2022	2023	2024 (projected)
Minority Interest	897.6K	826.5K	229.6K	218.1K
Interest Income	61.8K	297.3K	405.0K	240.7K

Minority Interest Interest Income

Drone Delivery fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant And Equipment Net	Net Tangible Assets	Accounts Payable	Property Plant Equipment	Short Long Term Debt Total	Short Long Term Debt	Short Term Debt	Intangible Assets
Total Assets		0.32	0.89	1.0	-0.71	-0.66	0.99	0.77	0.14	0.95	0.27	0.84	-0.47	0.79	0.83	0.89	0.99	0.69	0.69	0.95	0.97	0.74	0.79	0.11	0.8	0.91
Other Current Liab	0.32		0.62	0.29	-0.36	0.01	0.3	0.08	0.58	0.24	0.33	0.31	-0.31	-0.02	0.34	0.59	0.35	-0.01	0.0	0.24	0.25	0.05	0.73	-0.25	0.26	0.23
Total Current Liabilities	0.89	0.62		0.87	-0.59	-0.63	0.86	0.7	0.31	0.83	0.43	0.84	-0.53	0.68	0.87	0.99	0.88	0.63	0.6	0.85	0.87	0.69	0.86	0.1	0.78	0.86
Total Stockholder Equity	1.0	0.29	0.87		-0.72	-0.65	0.99	0.76	0.12	0.95	0.25	0.83	-0.46	0.79	0.81	0.87	0.99	0.68	0.68	0.95	0.97	0.73	0.78	0.11	0.79	0.9
Net Debt	-0.71	-0.36	-0.59	-0.72		0.01	-0.73	-0.4	-0.11	-0.58	0.39	-0.38	0.2	-0.44	-0.4	-0.55	-0.73	-0.03	-0.33	-0.49	-0.59	-0.27	-0.49	0.56	-0.25	-0.51
Retained Earnings	-0.66	0.01	-0.63	-0.65	0.01		-0.62	-0.72	-0.02	-0.73	-0.68	-0.87	0.47	-0.65	-0.78	-0.67	-0.62	-0.99	-0.67	-0.81	-0.73	-0.82	-0.46	-0.78	-0.91	-0.83
Cash	0.99	0.3	0.86	0.99	-0.73	-0.62		0.67	0.03	0.96	0.21	0.81	-0.46	0.78	0.77	0.84	1.0	0.66	0.58	0.94	0.94	0.65	0.77	0.1	0.78	0.86
Non Current Assets Total	0.77	0.08	0.7	0.76	-0.4	-0.72	0.67		0.39	0.67	0.37	0.75	-0.41	0.68	0.82	0.76	0.69	0.7	0.99	0.74	0.81	0.94	0.5	0.23	0.68	0.88
Non Currrent Assets Other	0.14	0.58	0.31	0.12	-0.11	-0.02	0.03	0.39		-0.01	0.42	0.19	-0.17	-0.08	0.29	0.38	0.09	-0.01	0.4	0.08	0.19	0.38	0.46	-0.18	0.12	0.23
Cash And Short Term Investments	0.95	0.24	0.83	0.95	-0.58	-0.73	0.96	0.67	-0.01		0.34	0.88	-0.48	0.82	0.83	0.83	0.96	0.76	0.59	0.98	0.92	0.72	0.74	0.26	0.88	0.84
Net Receivables	0.27	0.33	0.43	0.25	0.39	-0.68	0.21	0.37	0.42	0.34		0.55	-0.37	0.24	0.53	0.49	0.24	0.68	0.36	0.47	0.38	0.53	0.55	0.72	0.66	0.42
Common Stock Shares Outstanding	0.84	0.31	0.84	0.83	-0.38	-0.87	0.81	0.75	0.19	0.88	0.55		-0.6	0.72	0.9	0.86	0.81	0.86	0.66	0.91	0.85	0.83	0.69	0.46	0.95	0.89
Short Term Investments	-0.47	-0.31	-0.53	-0.46	0.2	0.47	-0.46	-0.41	-0.17	-0.48	-0.37	-0.6		-0.5	-0.53	-0.53	-0.45	-0.46	-0.3	-0.52	-0.49	-0.41	-0.46	-0.25	-0.54	-0.46
Other Current Assets	0.79	-0.02	0.68	0.79	-0.44	-0.65	0.78	0.68	-0.08	0.82	0.24	0.72	-0.5		0.81	0.7	0.77	0.66	0.62	0.83	0.85	0.73	0.52	0.24	0.71	0.74
Other Stockholder Equity	0.83	0.34	0.87	0.81	-0.4	-0.78	0.77	0.82	0.29	0.83	0.53	0.9	-0.53	0.81		0.91	0.79	0.76	0.76	0.87	0.88	0.86	0.73	0.33	0.88	0.87
Total Liab	0.89	0.59	0.99	0.87	-0.55	-0.67	0.84	0.76	0.38	0.83	0.49	0.86	-0.53	0.7	0.91		0.87	0.66	0.67	0.86	0.89	0.77	0.85	0.14	0.8	0.88
Total Current Assets	0.99	0.35	0.88	0.99	-0.73	-0.62	1.0	0.69	0.09	0.96	0.24	0.81	-0.45	0.77	0.79	0.87		0.66	0.6	0.94	0.95	0.67	0.81	0.09	0.78	0.87
Common Stock	0.69	-0.01	0.63	0.68	-0.03	-0.99	0.66	0.7	-0.01	0.76	0.68	0.86	-0.46	0.66	0.76	0.66	0.66		0.65	0.84	0.75	0.8	0.49	0.77	0.91	0.83
Property Plant And Equipment Net	0.69	0.0	0.6	0.68	-0.33	-0.67	0.58	0.99	0.4	0.59	0.36	0.66	-0.3	0.62	0.76	0.67	0.6	0.65		0.66	0.74	0.92	0.41	0.22	0.6	0.81
Net Tangible Assets	0.95	0.24	0.85	0.95	-0.49	-0.81	0.94	0.74	0.08	0.98	0.47	0.91	-0.52	0.83	0.87	0.86	0.94	0.84	0.66		0.95	0.8	0.77	0.36	0.92	0.89
Accounts Payable	0.97	0.25	0.87	0.97	-0.59	-0.73	0.94	0.81	0.19	0.92	0.38	0.85	-0.49	0.85	0.88	0.89	0.95	0.75	0.74	0.95		0.82	0.79	0.22	0.83	0.93
Property Plant Equipment	0.74	0.05	0.69	0.73	-0.27	-0.82	0.65	0.94	0.38	0.72	0.53	0.83	-0.41	0.73	0.86	0.77	0.67	0.8	0.92	0.8	0.82		0.51	0.39	0.78	0.87
Short Long Term Debt Total	0.79	0.73	0.86	0.78	-0.49	-0.46	0.77	0.5	0.46	0.74	0.55	0.69	-0.46	0.52	0.73	0.85	0.81	0.49	0.41	0.77	0.79	0.51		0.08	0.71	0.68
Short Long Term Debt	0.11	-0.25	0.1	0.11	0.56	-0.78	0.1	0.23	-0.18	0.26	0.72	0.46	-0.25	0.24	0.33	0.14	0.09	0.77	0.22	0.36	0.22	0.39	0.08		0.61	0.33
Short Term Debt	0.8	0.26	0.78	0.79	-0.25	-0.91	0.78	0.68	0.12	0.88	0.66	0.95	-0.54	0.71	0.88	0.8	0.78	0.91	0.6	0.92	0.83	0.78	0.71	0.61		0.84
Intangible Assets	0.91	0.23	0.86	0.9	-0.51	-0.83	0.86	0.88	0.23	0.84	0.42	0.89	-0.46	0.74	0.87	0.88	0.87	0.83	0.81	0.89	0.93	0.87	0.68	0.33	0.84

Click cells to compare fundamentals

Drone Delivery Account Relationship Matchups

Drone Delivery fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.7M	29.4M	33.0M	19.7M	10.3M	13.4M
Other Current Liab	1.5M	167.9K	396.7K	103.2K	118.7K	112.8K
Total Current Liabilities	1.7M	2.0M	2.0M	1.2M	891.1K	1.0M
Total Stockholder Equity	15.5M	27.1M	30.8M	18.5M	9.1M	12.3M
Net Debt	(9.2M)	(23.0M)	(27.3M)	(15.1M)	15.5M	16.3M
Retained Earnings	(47.2M)	(61.4M)	(76.1M)	(89.5M)	(99.4M)	(94.5M)
Cash	9.8M	23.5M	27.7M	15.3M	7.4M	10.2M
Non Current Assets Total	4.6M	4.5M	4.4M	3.5M	2.3M	2.2M
Non Currrent Assets Other	370.2K	592.9K	4.6M	(1.0)	(1.15)	(1.09)
Cash And Short Term Investments	9.8M	23.5M	27.7M	15.3M	17.6M	10.6M
Net Receivables	3.1M	522.8K	421.3K	486.7K	3.5M	3.7M
Common Stock Shares Outstanding	172.8M	184.7M	222.1M	224.2M	224.2M	123.8M
Liabilities And Stockholders Equity	17.7M	29.4M	33.0M	19.7M	22.7M	13.6M
Other Current Assets	202.6K	892.8K	505.9K	343.6K	436.8K	284.2K
Other Stockholder Equity	13.6M	18.9M	10.5M	11.7M	13.4M	7.1M
Total Liab	2.2M	2.3M	2.2M	1.2M	1.2M	1.1M
Total Current Assets	13.1M	24.9M	28.6M	16.2M	8.0M	11.4M
Common Stock	49.2M	69.5M	96.3M	96.3M	110.8M	116.3M
Property Plant And Equipment Net	3.9M	3.6M	3.4M	2.6M	1.9M	1.9M
Net Tangible Assets	14.8M	26.3M	29.8M	17.6M	20.3M	16.9M
Accounts Payable	983.7K	1.6M	1.4M	909.9K	594.9K	889.3K
Property Plant Equipment	3.9M	3.6M	3.4M	2.6M	3.0M	1.9M
Non Current Liabilities Total	463.8K	308.5K	227.3K	19.8K	329.1K	185.4K
Intangible Assets	713.2K	844.5K	919.8K	878.5K	403.4K	642.3K
Net Invested Capital	15.5M	27.1M	30.8M	18.5M	9.1M	15.4M
Net Working Capital	11.4M	22.9M	26.6M	15.0M	7.1M	13.3M
Capital Stock	49.2M	69.5M	96.3M	96.3M	110.8M	81.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Drone Stock Analysis

When running Drone Delivery's price analysis, check to measure Drone Delivery's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Drone Delivery is operating at the current time. Most of Drone Delivery's value examination focuses on studying past and present price action to predict the probability of Drone Delivery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Drone Delivery's price. Additionally, you may evaluate how the addition of Drone Delivery to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC