| DELTAMAGNT | | | 104.95 3.48 3.21% |
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 Total Current Assets and its Total Current Liabilities 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.
Total Current Assets vs Total Current Liabilities
Total Current Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Delta Manufacturing Total Current Assets account and
Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Delta Manufacturing's Total Current Assets and Total Current Liabilities is 0.96. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Current Liabilities 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 Total Current Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Delta Manufacturing Limited are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Current Assets i.e., Delta Manufacturing's Total Current Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Total Current Liabilities
Total Current Liabilities is an item on Delta Manufacturing balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Delta Manufacturing Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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 November 29, 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)
Delta Manufacturing fundamental ratios Correlations
Click cells to compare fundamentals
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
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.