| OTC Stock | | | 0.34 0.02 6.25% |
Ocumetics Technology financial indicator trend analysis is much more than just breaking down Ocumetics Technology Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ocumetics Technology Corp is a good investment. Please check the relationship between Ocumetics Technology Cash and its Long Term Debt accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocumetics Technology Corp. 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.
Cash vs Long Term Debt
Cash vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Ocumetics Technology Corp Cash account and
Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Ocumetics Technology's Cash and Long Term Debt is 0.41. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Ocumetics Technology Corp, assuming nothing else is changed. The correlation between historical values of Ocumetics Technology's Cash and Long 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 Cash of Ocumetics Technology Corp are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash i.e., Ocumetics Technology's Cash and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.41 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Ocumetics Technology Corp, which is listed under current asset account on Ocumetics Technology Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ocumetics Technology customers. The amounts must be unrestricted with restricted cash listed in a different Ocumetics Technology 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.
Long Term Debt
Long-term debt is a debt that Ocumetics Technology Corp has held for over one year. Long-term debt appears on Ocumetics Technology Corp 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 Ocumetics Technology Corp 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.
Most indicators from Ocumetics Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ocumetics Technology Corp 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocumetics Technology Corp. 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, Ocumetics Technology's
Selling General Administrative is fairly stable compared to the past year.
Issuance Of Capital Stock is likely to climb to about 1.9
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(11.80) in 2024.
Ocumetics Technology fundamental ratios Correlations
Click cells to compare fundamentals
Ocumetics Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ocumetics Technology fundamental ratios Accounts
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Additional Tools for Ocumetics Stock Analysis
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