Digital Retained Earnings vs Short Long Term Debt Analysis

DGLY Stock

USD 0.71 0.06 7.79%

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

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

Retained Earnings vs Short Long Term Debt

Retained Earnings vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digital Ally Retained Earnings account and Short Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Digital Ally's Retained Earnings and Short Long Term Debt is 0.41. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Digital Ally, assuming nothing else is changed. The correlation between historical values of Digital Ally's Retained Earnings and Short 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 Retained Earnings of Digital Ally are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Retained Earnings i.e., Digital Ally's Retained Earnings and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

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

For more information on how to buy Digital Stock please use our How to Invest in Digital Ally guide.Enterprise Value is likely to rise to about 29.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 9.7 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	5.7M	2.3M	5.8M	6.3M
Total Revenue	21.4M	37.0M	28.2M	21.4M

Gross Profit Total Revenue

Digital Ally fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		-0.04	0.82	0.73	0.91	0.81	0.48	-0.63	-0.45	0.57	0.76	0.78	0.53	0.71	0.76	0.82	-0.58	0.77	0.24	0.91	0.7	0.62	0.75	0.9	0.06	0.53
Short Long Term Debt Total	-0.04		0.12	0.52	-0.36	0.28	0.63	0.55	-0.61	0.5	-0.27	0.33	0.47	0.31	-0.27	0.06	-0.03	0.37	-0.14	0.17	0.43	0.7	0.37	-0.17	0.62	-0.28
Other Current Liab	0.82	0.12		0.74	0.75	0.6	0.35	-0.69	-0.3	0.35	0.88	0.58	0.32	0.57	0.88	0.46	-0.45	0.6	0.27	0.74	0.52	0.6	0.58	0.89	0.16	0.69
Total Current Liabilities	0.73	0.52	0.74		0.52	0.89	0.77	-0.13	-0.7	0.86	0.39	0.89	0.8	0.82	0.39	0.64	-0.58	0.9	0.08	0.88	0.81	0.95	0.91	0.58	0.63	0.21
Total Stockholder Equity	0.91	-0.36	0.75	0.52		0.68	0.23	-0.78	-0.2	0.37	0.82	0.63	0.36	0.59	0.82	0.73	-0.54	0.61	0.34	0.8	0.52	0.36	0.6	0.92	-0.17	0.6
Property Plant And Equipment Net	0.81	0.28	0.6	0.89	0.68		0.74	-0.16	-0.66	0.92	0.35	1.0	0.92	0.93	0.35	0.79	-0.63	0.97	-0.01	0.96	0.82	0.86	0.99	0.58	0.36	0.15
Current Deferred Revenue	0.48	0.63	0.35	0.77	0.23	0.74		0.15	-0.98	0.81	0.08	0.76	0.8	0.6	0.08	0.53	-0.42	0.85	-0.05	0.67	0.94	0.87	0.74	0.28	0.44	0.07
Net Debt	-0.63	0.55	-0.69	-0.13	-0.78	-0.16	0.15		-0.14	0.2	-0.93	-0.11	0.22	-0.07	-0.93	-0.24	0.15	-0.13	-0.31	-0.38	-0.13	0.07	-0.07	-0.82	0.42	-0.84
Retained Earnings	-0.45	-0.61	-0.3	-0.7	-0.2	-0.66	-0.98	-0.14		-0.73	-0.06	-0.68	-0.72	-0.51	-0.06	-0.53	0.43	-0.79	-0.02	-0.61	-0.94	-0.81	-0.65	-0.27	-0.4	-0.08
Accounts Payable	0.57	0.5	0.35	0.86	0.37	0.92	0.81	0.2	-0.73		0.01	0.94	0.97	0.87	0.01	0.7	-0.58	0.91	-0.06	0.8	0.78	0.89	0.94	0.29	0.57	-0.18
Cash	0.76	-0.27	0.88	0.39	0.82	0.35	0.08	-0.93	-0.06	0.01		0.31	-0.02	0.28	1.0	0.36	-0.26	0.34	0.34	0.55	0.33	0.23	0.29	0.93	-0.22	0.86
Non Current Assets Total	0.78	0.33	0.58	0.89	0.63	1.0	0.76	-0.11	-0.68	0.94	0.31		0.93	0.93	0.31	0.76	-0.61	0.98	-0.05	0.95	0.82	0.88	0.99	0.53	0.37	0.11
Non Currrent Assets Other	0.53	0.47	0.32	0.8	0.36	0.92	0.8	0.22	-0.72	0.97	-0.02	0.93		0.89	-0.02	0.66	-0.6	0.91	-0.14	0.78	0.77	0.86	0.94	0.24	0.45	-0.16
Other Assets	0.71	0.31	0.57	0.82	0.59	0.93	0.6	-0.07	-0.51	0.87	0.28	0.93	0.89		0.28	0.72	-0.67	0.86	0.03	0.84	0.66	0.81	0.94	0.5	0.27	0.0
Cash And Short Term Investments	0.76	-0.27	0.88	0.39	0.82	0.35	0.08	-0.93	-0.06	0.01	1.0	0.31	-0.02	0.28		0.36	-0.26	0.34	0.34	0.55	0.33	0.23	0.29	0.93	-0.22	0.86
Net Receivables	0.82	0.06	0.46	0.64	0.73	0.79	0.53	-0.24	-0.53	0.7	0.36	0.76	0.66	0.72	0.36		-0.66	0.74	0.41	0.8	0.71	0.6	0.75	0.66	0.16	0.11
Common Stock Total Equity	-0.58	-0.03	-0.45	-0.58	-0.54	-0.63	-0.42	0.15	0.43	-0.58	-0.26	-0.61	-0.6	-0.67	-0.26	-0.66		-0.62	-0.37	-0.63	-0.57	-0.5	-0.59	-0.5	-0.19	-0.02
Common Stock Shares Outstanding	0.77	0.37	0.6	0.9	0.61	0.97	0.85	-0.13	-0.79	0.91	0.34	0.98	0.91	0.86	0.34	0.74	-0.62		-0.04	0.94	0.91	0.89	0.96	0.55	0.37	0.22
Inventory	0.24	-0.14	0.27	0.08	0.34	-0.01	-0.05	-0.31	-0.02	-0.06	0.34	-0.05	-0.14	0.03	0.34	0.41	-0.37	-0.04		0.06	0.15	0.01	-0.05	0.51	-0.05	0.13
Other Current Assets	0.91	0.17	0.74	0.88	0.8	0.96	0.67	-0.38	-0.61	0.8	0.55	0.95	0.78	0.84	0.55	0.8	-0.63	0.94	0.06		0.81	0.79	0.92	0.74	0.28	0.36
Other Stockholder Equity	0.7	0.43	0.52	0.81	0.52	0.82	0.94	-0.13	-0.94	0.78	0.33	0.82	0.77	0.66	0.33	0.71	-0.57	0.91	0.15	0.81		0.84	0.78	0.55	0.31	0.27
Total Liab	0.62	0.7	0.6	0.95	0.36	0.86	0.87	0.07	-0.81	0.89	0.23	0.88	0.86	0.81	0.23	0.6	-0.5	0.89	0.01	0.79	0.84		0.89	0.43	0.59	0.07
Property Plant And Equipment Gross	0.75	0.37	0.58	0.91	0.6	0.99	0.74	-0.07	-0.65	0.94	0.29	0.99	0.94	0.94	0.29	0.75	-0.59	0.96	-0.05	0.92	0.78	0.89		0.51	0.42	0.07
Total Current Assets	0.9	-0.17	0.89	0.58	0.92	0.58	0.28	-0.82	-0.27	0.29	0.93	0.53	0.24	0.5	0.93	0.66	-0.5	0.55	0.51	0.74	0.55	0.43	0.51		-0.07	0.7
Short Term Debt	0.06	0.62	0.16	0.63	-0.17	0.36	0.44	0.42	-0.4	0.57	-0.22	0.37	0.45	0.27	-0.22	0.16	-0.19	0.37	-0.05	0.28	0.31	0.59	0.42	-0.07		-0.26
Common Stock	0.53	-0.28	0.69	0.21	0.6	0.15	0.07	-0.84	-0.08	-0.18	0.86	0.11	-0.16	0.0	0.86	0.11	-0.02	0.22	0.13	0.36	0.27	0.07	0.07	0.7	-0.26

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Digital Ally Account Relationship Matchups

Digital Ally fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.9M	20.8M	83.0M	56.7M	47.0M	24.4M
Short Long Term Debt Total	8.5M	996.8K	2.2M	1.8M	9.9M	10.4M
Other Current Liab	851.8K	796.1K	16.0M	1.6M	4.6M	4.9M
Total Current Liabilities	6.9M	3.7M	23.0M	13.5M	22.5M	23.7M
Total Stockholder Equity	(6.3M)	14.4M	55.8M	35.9M	10.8M	13.1M
Property Plant And Equipment Net	319.5K	1.4M	7.8M	8.7M	8.3M	8.8M
Current Deferred Revenue	1.7M	1.6M	1.7M	2.2M	2.9M	3.1M
Net Debt	1.7M	(3.4M)	(29.8M)	(1.8M)	9.2M	9.7M
Retained Earnings	(87.4M)	(90.0M)	(68.7M)	(92.0M)	(117.7M)	(111.8M)
Accounts Payable	2.3M	1.1M	4.6M	9.5M	10.7M	11.3M
Cash	359.7K	4.4M	32.0M	3.5M	680.5K	646.5K
Non Current Assets Total	1.3M	3.0M	26.8M	31.7M	31.4M	33.0M
Non Currrent Assets Other	532.5K	1.2M	2.1M	5.2M	6.6M	6.9M
Other Assets	205.0K	302.1K	1.0	2.1M	2.4M	2.5M
Cash And Short Term Investments	359.7K	4.4M	32.0M	3.5M	680.5K	646.5K
Net Receivables	1.6M	3.2M	4.7M	6.1M	4.7M	3.8M
Common Stock Total Equity	7.0K	10.4K	12.1K	26.84	24.16	22.95
Common Stock Shares Outstanding	573.9K	1.1M	2.5M	2.5M	2.8M	2.9M
Liabilities And Stockholders Equity	8.9M	20.8M	83.0M	56.7M	47.0M	24.4M
Inventory	5.3M	8.2M	9.7M	6.8M	3.8M	7.6M
Other Current Assets	381.1K	2.0M	9.7M	8.5M	6.4M	6.7M
Other Stockholder Equity	81.1M	104.3M	124.4M	127.9M	128.4M	134.9M
Total Liab	15.2M	6.4M	27.1M	20.3M	35.6M	37.4M
Property Plant And Equipment Gross	319.5K	753.18	7.8M	8.7M	9.8M	10.3M
Total Current Assets	7.7M	17.8M	56.1M	25.0M	15.6M	17.6M
Short Term Debt	2.0M	125.2K	763.3K	780.0K	4.2M	4.5M
Common Stock	12.1K	26.8K	50.9K	2.7K	2.8K	2.7K
Property Plant Equipment	247.5K	197.1K	1.4M	7.8M	9.0M	9.5M
Other Liab	2.0M	1.8M	1.8M	2.7M	3.1M	3.2M
Non Current Liabilities Total	8.3M	2.7M	4.1M	6.8M	13.0M	13.7M
Intangible Assets	413.3K	392.6K	7.0M	6.5M	5.1M	5.4M
Net Tangible Assets	(1.9M)	(6.7M)	14.0M	38.9M	44.7M	47.0M
Long Term Debt	6.5M	148.3K	727.3K	442.5K	4.9M	2.9M
Retained Earnings Total Equity	(61.9M)	(77.4M)	(87.4M)	(90.0M)	(81.0M)	(77.0M)
Capital Surpluse	64.9M	78.1M	83.2M	106.5M	122.5M	128.6M

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Digital Retained Earnings vs Short Long Term Debt Analysis

Retained Earnings vs Short Long Term Debt

Retained Earnings vs Short Long Term Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Short Long Term Debt

Digital Ally fundamental ratios Correlations

Digital Ally Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Digital Ally fundamental ratios Accounts

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Additional Tools for Digital Stock Analysis

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total
Common Stock Shares Outstanding	+ 0.98	Non Current Assets Total
Common Stock Shares Outstanding	+ 0.97	Property Plant And Equipment Net

Retained Earnings	- 0.98	Current Deferred Revenue
Other Stockholder Equity	- 0.94	Retained Earnings
Cash And Short Term Investments	- 0.93	Net Debt
Cash	- 0.93	Net Debt
Common Stock	- 0.84	Net Debt
Total Current Assets	- 0.82	Net Debt