Delta Other Current Assets vs Short Term Investments Analysis

DELTAMAGNT

105.27 0.32 0.30%

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

Other Current Assets vs Short Term Investments

Other Current Assets vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Delta Manufacturing Other Current Assets account and Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Delta Manufacturing's Other Current Assets and Short Term Investments is 0.17. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Delta Manufacturing Limited, assuming nothing else is changed. The correlation between historical values of Delta Manufacturing's Other Current Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Delta Manufacturing Limited are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Other Current Assets i.e., Delta Manufacturing's Other Current Assets and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

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Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Short Term Investments

Short Term Investments is an item under the current assets section of Delta Manufacturing balance sheet. It contains any investments Delta Manufacturing Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Delta Manufacturing can easily liquidate in the marketplace.

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

As of December 1, 2024, Selling General Administrative is expected to decline to about 8.9 M. The current year's Tax Provision is expected to grow to about (277.4 K)

	2021	2022	2023	2024 (projected)
Interest Expense	40.6M	37.9M	46.6M	26.8M
Depreciation And Amortization	42.2M	48.5M	44.9M	30.3M

Interest Expense Depreciation And Amortization

Delta Manufacturing 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Non Currrent Assets Other	Short Term Debt	Current Deferred Revenue	Good Will	Short Term Investments
Total Assets		0.95	0.34	0.95	0.73	0.97	0.89	-0.2	0.96	0.39	0.98	0.58	0.95	0.83	0.11	0.97	0.81	-0.27	0.97	0.99	0.79	-0.38	0.92	-0.22	0.31	0.44
Short Long Term Debt Total	0.95		0.47	0.96	0.5	0.94	0.98	-0.24	0.97	0.25	0.94	0.38	0.96	0.74	0.19	0.91	0.85	-0.34	0.99	0.93	0.66	-0.39	0.94	-0.35	0.47	0.3
Other Current Liab	0.34	0.47		0.44	-0.08	0.35	0.48	-0.1	0.41	0.01	0.34	0.05	0.47	0.32	0.03	0.27	0.12	-0.45	0.45	0.33	0.11	-0.01	0.47	-0.62	0.26	0.0
Total Current Liabilities	0.95	0.96	0.44		0.52	0.91	0.94	-0.35	0.99	0.23	0.9	0.45	0.97	0.87	-0.08	0.94	0.82	-0.38	0.98	0.96	0.81	-0.35	0.99	-0.26	0.33	0.43
Total Stockholder Equity	0.73	0.5	-0.08	0.52		0.68	0.37	0.11	0.56	0.64	0.71	0.81	0.59	0.58	0.05	0.69	0.42	0.02	0.53	0.73	0.64	-0.3	0.5	0.06	0.0	0.44
Property Plant And Equipment Net	0.97	0.94	0.35	0.91	0.68		0.9	-0.25	0.93	0.3	1.0	0.51	0.89	0.8	0.26	0.94	0.77	-0.25	0.95	0.93	0.76	-0.36	0.88	-0.25	0.23	0.49
Net Debt	0.89	0.98	0.48	0.94	0.37	0.9		-0.35	0.95	0.03	0.89	0.19	0.92	0.72	0.18	0.89	0.85	-0.33	0.97	0.86	0.64	-0.43	0.92	-0.4	0.45	0.3
Retained Earnings	-0.2	-0.24	-0.1	-0.35	0.11	-0.25	-0.35		-0.37	0.57	-0.22	0.21	-0.22	-0.51	0.28	-0.34	-0.15	0.07	-0.29	-0.18	-0.51	0.02	-0.39	0.0	0.44	-0.64
Accounts Payable	0.96	0.97	0.41	0.99	0.56	0.93	0.95	-0.37		0.22	0.93	0.44	0.97	0.87	0.0	0.96	0.81	-0.37	0.99	0.96	0.82	-0.37	0.97	-0.26	0.31	0.45
Cash	0.39	0.25	0.01	0.23	0.64	0.3	0.03	0.57	0.22		0.32	0.88	0.3	0.19	0.05	0.22	0.15	-0.08	0.24	0.43	0.19	0.1	0.2	0.18	0.24	-0.05
Non Current Assets Total	0.98	0.94	0.34	0.9	0.71	1.0	0.89	-0.22	0.93	0.32		0.51	0.89	0.79	0.27	0.94	0.78	-0.23	0.95	0.93	0.75	-0.35	0.87	-0.22	0.26	0.46
Cash And Short Term Investments	0.58	0.38	0.05	0.45	0.81	0.51	0.19	0.21	0.44	0.88	0.51		0.46	0.53	-0.13	0.46	0.24	-0.14	0.42	0.62	0.55	0.02	0.43	0.18	-0.06	0.42
Net Receivables	0.95	0.96	0.47	0.97	0.59	0.89	0.92	-0.22	0.97	0.3	0.89	0.46		0.8	-0.02	0.93	0.81	-0.35	0.96	0.97	0.73	-0.45	0.97	-0.36	0.43	0.32
Common Stock Shares Outstanding	0.83	0.74	0.32	0.87	0.58	0.8	0.72	-0.51	0.87	0.19	0.79	0.53	0.8		-0.31	0.87	0.53	-0.33	0.81	0.83	0.97	-0.27	0.87	-0.16	-0.1	0.7
Non Current Liabilities Total	0.11	0.19	0.03	-0.08	0.05	0.26	0.18	0.28	0.0	0.05	0.27	-0.13	-0.02	-0.31		0.01	0.19	0.13	0.12	-0.01	-0.33	-0.06	-0.15	-0.15	0.27	-0.25
Inventory	0.97	0.91	0.27	0.94	0.69	0.94	0.89	-0.34	0.96	0.22	0.94	0.46	0.93	0.87	0.01		0.79	-0.22	0.94	0.95	0.85	-0.43	0.92	-0.19	0.25	0.49
Other Current Assets	0.81	0.85	0.12	0.82	0.42	0.77	0.85	-0.15	0.81	0.15	0.78	0.24	0.81	0.53	0.19	0.79		-0.26	0.85	0.82	0.53	-0.46	0.77	-0.17	0.56	0.17
Other Stockholder Equity	-0.27	-0.34	-0.45	-0.38	0.02	-0.25	-0.33	0.07	-0.37	-0.08	-0.23	-0.14	-0.35	-0.33	0.13	-0.22	-0.26		-0.35	-0.3	-0.24	0.02	-0.37	0.26	-0.14	-0.11
Total Liab	0.97	0.99	0.45	0.98	0.53	0.95	0.97	-0.29	0.99	0.24	0.95	0.42	0.96	0.81	0.12	0.94	0.85	-0.35		0.95	0.74	-0.36	0.96	-0.29	0.39	0.38
Total Current Assets	0.99	0.93	0.33	0.96	0.73	0.93	0.86	-0.18	0.96	0.43	0.93	0.62	0.97	0.83	-0.01	0.95	0.82	-0.3	0.95		0.8	-0.4	0.94	-0.21	0.35	0.41
Common Stock	0.79	0.66	0.11	0.81	0.64	0.76	0.64	-0.51	0.82	0.19	0.75	0.55	0.73	0.97	-0.33	0.85	0.53	-0.24	0.74	0.8		-0.29	0.81	-0.02	-0.16	0.74
Non Currrent Assets Other	-0.38	-0.39	-0.01	-0.35	-0.3	-0.36	-0.43	0.02	-0.37	0.1	-0.35	0.02	-0.45	-0.27	-0.06	-0.43	-0.46	0.02	-0.36	-0.4	-0.29		-0.36	0.71	-0.38	-0.1
Short Term Debt	0.92	0.94	0.47	0.99	0.5	0.88	0.92	-0.39	0.97	0.2	0.87	0.43	0.97	0.87	-0.15	0.92	0.77	-0.37	0.96	0.94	0.81	-0.36		-0.3	0.29	0.45
Current Deferred Revenue	-0.22	-0.35	-0.62	-0.26	0.06	-0.25	-0.4	0.0	-0.26	0.18	-0.22	0.18	-0.36	-0.16	-0.15	-0.19	-0.17	0.26	-0.29	-0.21	-0.02	0.71	-0.3		-0.38	0.08
Good Will	0.31	0.47	0.26	0.33	0.0	0.23	0.45	0.44	0.31	0.24	0.26	-0.06	0.43	-0.1	0.27	0.25	0.56	-0.14	0.39	0.35	-0.16	-0.38	0.29	-0.38		-0.63
Short Term Investments	0.44	0.3	0.0	0.43	0.44	0.49	0.3	-0.64	0.45	-0.05	0.46	0.42	0.32	0.7	-0.25	0.49	0.17	-0.11	0.38	0.41	0.74	-0.1	0.45	0.08	-0.63

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Delta Manufacturing Account Relationship Matchups

Delta Manufacturing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.4B	1.3B	1.1B	951.6M	840.6M
Short Long Term Debt Total	645.5M	665.5M	473.9M	401.9M	398.6M	343.0M
Other Current Liab	95.6M	117.5M	91.6M	94.7M	95.4M	84.8M
Total Current Liabilities	791.9M	899.6M	653.2M	573.1M	592.8M	382.1M
Total Stockholder Equity	427.4M	367.9M	552.2M	375.4M	268.6M	318.5M
Property Plant And Equipment Net	599.2M	560.4M	521.9M	498.2M	474.8M	402.1M
Net Debt	620.0M	630.9M	298.7M	396.6M	394.7M	305.8M
Retained Earnings	(71.5M)	(131.1M)	53.2M	(123.6M)	(233.8M)	(222.1M)
Accounts Payable	179.0M	194.4M	141.9M	133.9M	135.1M	100.1M
Cash	25.5M	34.6M	175.2M	5.3M	3.8M	3.6M
Non Current Assets Total	660.2M	647.8M	588.4M	552.8M	506.7M	447.5M
Cash And Short Term Investments	55.6M	46.0M	207.7M	71.0M	51.8M	50.0M
Net Receivables	336.9M	345.3M	273.0M	210.8M	191.0M	178.9M
Liabilities And Stockholders Equity	1.4B	1.4B	1.3B	1.1B	951.6M	840.6M
Non Current Liabilities Total	150.5M	98.0M	91.5M	104.9M	90.1M	139.9M
Inventory	223.7M	234.5M	175.0M	180.4M	160.5M	123.1M
Other Current Assets	97.3M	92.0M	52.8M	44.0M	41.6M	43.5M
Total Liab	942.4M	997.7M	744.8M	678.0M	683.0M	522.0M
Total Current Assets	709.6M	717.8M	708.5M	500.6M	444.8M	393.0M
Accumulated Other Comprehensive Income	(650.7M)	(669.7M)	(851.8M)	283.3M	286.8M	301.1M
Non Currrent Assets Other	(636.9M)	22.0M	35.6M	2.0M	31.7M	33.3M
Short Term Debt	513.2M	580.5M	397.9M	344.0M	360.8M	260.7M
Current Deferred Revenue	(513.2M)	122.6M	113.5M	83.9M	1.6M	1.7M
Short Term Investments	30.1M	11.4M	32.5M	65.7M	48.0M	50.4M
Intangible Assets	2.3M	1.4M	338.5K	165K	148.5K	141.1K
Other Liab	18.2M	13.0M	15.5M	47.0M	54.1M	56.8M
Net Tangible Assets	387.9M	329.3M	530.9M	375.2M	431.5M	379.7M
Other Assets	23.3M	48.6M	59.7M	2.0M	2.3M	2.2M
Long Term Debt	115.2M	73.3M	72.6M	56.7M	35.0M	33.3M
Short Long Term Debt	508.6M	466.5M	395.9M	343.8M	360.2M	316.9M
Property Plant Equipment	597.4M	559.1M	486.8M	498.2M	572.9M	513.0M
Long Term Debt Total	115.2M	73.3M	76.0M	57.8M	52.1M	99.8M
Cash And Equivalents	25.5M	34.6M	175.2M	5.3M	6.1M	5.7M
Net Invested Capital	1.1B	907.7M	1.0B	775.9M	663.9M	670.5M
Net Working Capital	(82.2M)	(181.9M)	55.3M	(72.6M)	(148.0M)	(140.6M)

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Balance Sheet is a snapshot of the financial position of Delta Manufacturing at a specified time, usually calculated after every quarter, six months, or one year. Delta Manufacturing Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Delta Manufacturing 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 Delta currently owns. An asset can also be divided into two categories, current and non-current.

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Delta Other Current Assets vs Short Term Investments Analysis

Other Current Assets vs Short Term Investments

Other Current Assets vs Short Term Investments Correlation Analysis

Correlation Coefficient

Other Current Assets

Short Term Investments

Delta Manufacturing fundamental ratios Correlations

Delta Manufacturing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Delta Manufacturing fundamental ratios Accounts

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Other Information on Investing in Delta Stock

COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Accounts Payable	+ 0.99	Total Current Liabilities
Short Term Debt	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Accounts Payable

Short Term Investments	- 0.64	Retained Earnings
Short Term Investments	- 0.63	Good Will
Current Deferred Revenue	- 0.62	Other Current Liab
Common Stock	- 0.51	Retained Earnings
Common Stock Shares Outstanding	- 0.51	Retained Earnings
Non Currrent Assets Other	- 0.46	Other Current Assets