Sharps Intangible Assets vs Net Debt Analysis

STSS Stock

USD 3.53 0.06 1.73%

Sharps Technology financial indicator trend analysis is much more than just breaking down Sharps Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sharps Technology is a good investment. Please check the relationship between Sharps Technology Intangible Assets and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sharps Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Sharps Stock please use our How to Invest in Sharps Technology guide.

Intangible Assets vs Net Debt

Intangible Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sharps Technology Intangible Assets account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Sharps Technology's Intangible Assets and Net Debt is -0.32. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Sharps Technology, assuming nothing else is changed. The correlation between historical values of Sharps Technology's Intangible Assets and Net 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 Intangible Assets of Sharps Technology are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Intangible Assets i.e., Sharps Technology's Intangible Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

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Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

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.

Most indicators from Sharps Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sharps Technology 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sharps Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Sharps Stock please use our How to Invest in Sharps Technology guide.Enterprise Value is likely to gain to about 408.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 4.6 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	4.5M	8.7M	10.1M	5.7M
Cost Of Revenue	28.7K	654.6K	891.2K	935.8K

Total Operating Expenses Cost Of Revenue

Sharps Technology fundamental ratios Correlations

	Total Assets	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	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Net Tangible Assets	Common Stock Shares Outstanding	Property Plant Equipment	Other Assets	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		0.84	0.85	0.99	0.95	-0.9	-0.84	0.88	0.95	0.99	0.35	0.95	-0.48	0.53	0.53	0.96	0.86	0.98	0.36	-0.14	0.93	0.47	0.91	0.05	0.97	0.99
Other Current Liab	0.84		0.98	0.79	0.94	-0.77	-0.96	0.84	0.74	0.84	0.4	0.74	-0.85	0.56	0.54	0.87	0.98	0.83	0.54	-0.04	0.79	0.7	0.95	-0.22	0.84	0.9
Total Current Liabilities	0.85	0.98		0.78	0.93	-0.72	-0.93	0.91	0.73	0.86	0.57	0.73	-0.78	0.71	0.39	0.86	1.0	0.8	0.48	-0.08	0.84	0.64	0.98	-0.06	0.82	0.89
Total Stockholder Equity	0.99	0.79	0.78		0.93	-0.95	-0.8	0.8	0.98	0.97	0.23	0.98	-0.44	0.43	0.55	0.93	0.79	0.98	0.3	-0.16	0.89	0.39	0.86	0.05	0.98	0.97
Property Plant And Equipment Net	0.95	0.94	0.93	0.93		-0.9	-0.9	0.86	0.9	0.95	0.38	0.9	-0.69	0.57	0.47	0.9	0.94	0.91	0.36	-0.15	0.87	0.48	0.97	0.02	0.96	0.98
Net Debt	-0.9	-0.77	-0.72	-0.95	-0.9		0.8	-0.64	-0.97	-0.87	-0.07	-0.97	0.55	-0.28	-0.6	-0.86	-0.74	-0.94	-0.32	0.11	-0.79	-0.34	-0.78	0.06	-0.95	-0.9
Retained Earnings	-0.84	-0.96	-0.93	-0.8	-0.9	0.8		-0.8	-0.77	-0.82	-0.32	-0.78	0.8	-0.52	-0.63	-0.93	-0.94	-0.86	-0.71	-0.18	-0.77	-0.69	-0.89	0.26	-0.83	-0.87
Accounts Payable	0.88	0.84	0.91	0.8	0.86	-0.64	-0.8		0.73	0.91	0.7	0.73	-0.47	0.82	0.26	0.86	0.91	0.79	0.38	-0.11	0.92	0.52	0.93	0.18	0.78	0.88
Cash	0.95	0.74	0.73	0.98	0.9	-0.97	-0.77	0.73		0.93	0.21	1.0	-0.42	0.4	0.51	0.89	0.74	0.96	0.28	-0.14	0.88	0.3	0.81	0.09	0.95	0.93
Non Current Assets Total	0.99	0.84	0.86	0.97	0.95	-0.87	-0.82	0.91	0.93		0.41	0.93	-0.45	0.59	0.45	0.93	0.86	0.94	0.31	-0.17	0.93	0.43	0.93	0.13	0.96	0.98
Non Currrent Assets Other	0.35	0.4	0.57	0.23	0.38	-0.07	-0.32	0.7	0.21	0.41		0.21	-0.16	0.93	-0.44	0.3	0.55	0.2	0.05	-0.15	0.59	0.12	0.57	0.54	0.2	0.33
Cash And Short Term Investments	0.95	0.74	0.73	0.98	0.9	-0.97	-0.78	0.73	1.0	0.93	0.21		-0.42	0.4	0.51	0.9	0.74	0.96	0.3	-0.12	0.87	0.3	0.81	0.09	0.95	0.93
Short Term Investments	-0.48	-0.85	-0.78	-0.44	-0.69	0.55	0.8	-0.47	-0.42	-0.45	-0.16	-0.42		-0.27	-0.51	-0.55	-0.79	-0.51	-0.5	0.01	-0.43	-0.7	-0.69	0.48	-0.54	-0.58
Non Current Liabilities Total	0.53	0.56	0.71	0.43	0.57	-0.28	-0.52	0.82	0.4	0.59	0.93	0.4	-0.27		-0.27	0.51	0.69	0.38	0.25	0.05	0.67	0.14	0.72	0.54	0.42	0.53
Other Current Assets	0.53	0.54	0.39	0.55	0.47	-0.6	-0.63	0.26	0.51	0.45	-0.44	0.51	-0.51	-0.27		0.65	0.41	0.66	0.6	0.17	0.32	0.73	0.34	-0.77	0.56	0.53
Other Stockholder Equity	0.96	0.87	0.86	0.93	0.9	-0.86	-0.93	0.86	0.89	0.93	0.3	0.9	-0.55	0.51	0.65		0.86	0.97	0.61	0.1	0.87	0.6	0.87	-0.13	0.91	0.94
Total Liab	0.86	0.98	1.0	0.79	0.94	-0.74	-0.94	0.91	0.74	0.86	0.55	0.74	-0.79	0.69	0.41	0.86		0.81	0.48	-0.08	0.84	0.64	0.98	-0.07	0.83	0.9
Total Current Assets	0.98	0.83	0.8	0.98	0.91	-0.94	-0.86	0.79	0.96	0.94	0.2	0.96	-0.51	0.38	0.66	0.97	0.81		0.43	-0.09	0.89	0.53	0.84	-0.11	0.95	0.95
Intangible Assets	0.36	0.54	0.48	0.3	0.36	-0.32	-0.71	0.38	0.28	0.31	0.05	0.3	-0.5	0.25	0.6	0.61	0.48	0.43		0.76	0.26	0.61	0.35	-0.47	0.32	0.36
Common Stock	-0.14	-0.04	-0.08	-0.16	-0.15	0.11	-0.18	-0.11	-0.14	-0.17	-0.15	-0.12	0.01	0.05	0.17	0.1	-0.08	-0.09	0.76		-0.25	0.0	-0.17	-0.15	-0.14	-0.15
Net Tangible Assets	0.93	0.79	0.84	0.89	0.87	-0.79	-0.77	0.92	0.88	0.93	0.59	0.87	-0.43	0.67	0.32	0.87	0.84	0.89	0.26	-0.25		0.45	0.89	0.16	0.83	0.89
Common Stock Shares Outstanding	0.47	0.7	0.64	0.39	0.48	-0.34	-0.69	0.52	0.3	0.43	0.12	0.3	-0.7	0.14	0.73	0.6	0.64	0.53	0.61	0.0	0.45		0.51	-0.72	0.4	0.5
Property Plant Equipment	0.91	0.95	0.98	0.86	0.97	-0.78	-0.89	0.93	0.81	0.93	0.57	0.81	-0.69	0.72	0.34	0.87	0.98	0.84	0.35	-0.17	0.89	0.51		0.09	0.89	0.94
Other Assets	0.05	-0.22	-0.06	0.05	0.02	0.06	0.26	0.18	0.09	0.13	0.54	0.09	0.48	0.54	-0.77	-0.13	-0.07	-0.11	-0.47	-0.15	0.16	-0.72	0.09		0.01	0.01
Net Invested Capital	0.97	0.84	0.82	0.98	0.96	-0.95	-0.83	0.78	0.95	0.96	0.2	0.95	-0.54	0.42	0.56	0.91	0.83	0.95	0.32	-0.14	0.83	0.4	0.89	0.01		0.98
Property Plant And Equipment Gross	0.99	0.9	0.89	0.97	0.98	-0.9	-0.87	0.88	0.93	0.98	0.33	0.93	-0.58	0.53	0.53	0.94	0.9	0.95	0.36	-0.15	0.89	0.5	0.94	0.01	0.98

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Sharps Intangible Assets vs Net Debt Analysis

Intangible Assets vs Net Debt

Intangible Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Intangible Assets

Net Debt

Sharps Technology fundamental ratios Correlations

Sharps Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Gross	+ 0.99	Total Assets
Total Current Assets	+ 0.98	Total Assets

Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Retained Earnings	- 0.96	Other Current Liab
Net Invested Capital	- 0.95	Net Debt
Net Debt	- 0.95	Total Stockholder Equity
Total Liab	- 0.94	Retained Earnings