Desert Other Current Liab vs Cash And Short Term Investments Analysis

DME Stock  CAD 0.27  0.01  3.57%   
Desert Mountain financial indicator trend analysis is much more than just examining Desert Mountain Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Desert Mountain Energy is a good investment. Please check the relationship between Desert Mountain Other Current Liab and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desert Mountain Energy. 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.

Other Current Liab vs Cash And Short Term Investments

Other Current Liab vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Desert Mountain Energy Other Current Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Desert Mountain's Other Current Liab and Cash And Short Term Investments is -0.31. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Desert Mountain Energy, assuming nothing else is changed. The correlation between historical values of Desert Mountain's Other Current Liab and Cash 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 Liab of Desert Mountain Energy are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Liab i.e., Desert Mountain's Other Current Liab and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.31
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Liab

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Desert Mountain Energy balance sheet. This account contains Desert Mountain investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Desert Mountain Energy fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Desert Mountain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Desert Mountain Energy 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 Desert Mountain Energy. 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, Desert Mountain's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 25.5 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 3.03 in 2024.

Desert Mountain fundamental ratios Correlations

-0.250.671.00.960.970.940.97-0.510.940.890.8-0.28-0.920.730.320.760.69-0.260.880.060.950.970.020.91.0
-0.250.13-0.27-0.23-0.22-0.21-0.270.38-0.14-0.06-0.270.230.2-0.19-0.24-0.310.52-0.03-0.16-0.55-0.27-0.3-0.03-0.18-0.26
0.670.130.680.780.650.420.69-0.380.560.610.52-0.26-0.690.940.290.470.69-0.180.4-0.10.740.720.660.430.68
1.0-0.270.680.960.950.920.98-0.510.910.870.83-0.33-0.920.740.380.790.68-0.270.850.060.940.980.040.870.99
0.96-0.230.780.960.970.860.94-0.530.920.920.68-0.16-0.90.840.20.630.68-0.260.840.010.970.930.210.860.97
0.97-0.220.650.950.970.950.93-0.520.980.960.63-0.04-0.890.70.080.580.69-0.230.940.020.950.890.00.960.97
0.94-0.210.420.920.860.950.89-0.460.970.90.66-0.06-0.830.470.110.620.66-0.210.970.050.860.84-0.30.980.93
0.97-0.270.690.980.940.930.89-0.550.880.820.82-0.33-0.960.740.380.780.65-0.190.820.180.960.970.060.840.97
-0.510.38-0.38-0.51-0.53-0.52-0.46-0.55-0.5-0.38-0.350.090.46-0.53-0.11-0.36-0.17-0.39-0.47-0.47-0.64-0.52-0.09-0.47-0.55
0.94-0.140.560.910.920.980.970.88-0.50.960.560.06-0.850.59-0.020.510.72-0.190.980.020.910.83-0.140.990.94
0.89-0.060.610.870.920.960.90.82-0.380.960.480.12-0.790.61-0.080.420.72-0.260.92-0.220.860.78-0.050.940.89
0.8-0.270.520.830.680.630.660.82-0.350.560.48-0.78-0.740.580.810.990.49-0.270.490.130.670.890.050.520.79
-0.280.23-0.26-0.33-0.16-0.04-0.06-0.330.090.060.12-0.780.25-0.33-1.0-0.82-0.070.190.16-0.15-0.15-0.47-0.260.12-0.26
-0.920.2-0.69-0.92-0.9-0.89-0.83-0.960.46-0.85-0.79-0.740.25-0.7-0.28-0.68-0.640.16-0.79-0.19-0.91-0.91-0.07-0.8-0.92
0.73-0.190.940.740.840.70.470.74-0.530.590.610.58-0.33-0.70.360.560.51-0.170.440.080.810.790.680.470.74
0.32-0.240.290.380.20.080.110.38-0.11-0.02-0.080.81-1.0-0.280.360.850.1-0.2-0.110.140.20.510.24-0.070.31
0.76-0.310.470.790.630.580.620.78-0.360.510.420.99-0.82-0.680.560.850.43-0.260.430.160.630.870.050.470.75
0.690.520.690.680.680.690.660.65-0.170.720.720.49-0.07-0.640.510.10.43-0.290.65-0.310.630.640.020.660.68
-0.26-0.03-0.18-0.27-0.26-0.23-0.21-0.19-0.39-0.19-0.26-0.270.190.16-0.17-0.2-0.26-0.29-0.160.33-0.16-0.27-0.09-0.18-0.23
0.88-0.160.40.850.840.940.970.82-0.470.980.920.490.16-0.790.44-0.110.430.65-0.160.060.840.75-0.311.00.88
0.06-0.55-0.10.060.010.020.050.18-0.470.02-0.220.13-0.15-0.190.080.140.16-0.310.330.060.170.13-0.020.030.09
0.95-0.270.740.940.970.950.860.96-0.640.910.860.67-0.15-0.910.810.20.630.63-0.160.840.170.920.160.860.95
0.97-0.30.720.980.930.890.840.97-0.520.830.780.89-0.47-0.910.790.510.870.64-0.270.750.130.920.150.770.97
0.02-0.030.660.040.210.0-0.30.06-0.09-0.14-0.050.05-0.26-0.070.680.240.050.02-0.09-0.31-0.020.160.15-0.280.03
0.9-0.180.430.870.860.960.980.84-0.470.990.940.520.12-0.80.47-0.070.470.66-0.181.00.030.860.77-0.280.9
1.0-0.260.680.990.970.970.930.97-0.550.940.890.79-0.26-0.920.740.310.750.68-0.230.880.090.950.970.030.9
Click cells to compare fundamentals

Desert Mountain Account Relationship Matchups

Desert Mountain fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.5M34.5M40.0M59.4M68.4M71.8M
Other Current Liab15.8K14.6K23.4K37.8K34.0K32.3K
Total Current Liabilities75.7K516.9K2.3M956.3K1.1M1.2M
Total Stockholder Equity13.5M33.9M37.3M50.8M58.4M61.3M
Property Plant And Equipment Net2.7M7.3M25.5M25.5M29.3M30.7M
Non Current Assets Total2.8M7.4M26.7M45.9M52.8M55.4M
Non Currrent Assets Other2.7M6.8M1.1M19.6M22.6M23.7M
Common Stock Shares Outstanding42.0M63.8M73.7M84.3M96.9M101.8M
Liabilities And Stockholders Equity13.5M34.5M40.0M59.4M68.4M71.8M
Other Stockholder Equity1.7M11.3M8.5M(6K)(6.9K)(6.6K)
Total Liab75.7K666.9K2.7M8.7M10.0M10.5M
Net Receivables11.1K18.9K412.5K843.4K969.9K1.0M
Total Current Assets10.7M27.1M13.4M13.6M15.6M16.4M
Net Debt(10.1M)(26.6M)(12.2M)(2.1M)(1.9M)(2.0M)
Retained Earnings(21.0M)(28.9M)(36.5M)(48.1M)(43.3M)(41.1M)
Accounts Payable60.0K502.3K2.3M918.5K1.1M1.1M
Cash10.1M26.6M12.2M2.1M2.4M3.9M
Cash And Short Term Investments10.6M26.8M12.5M12.1M13.9M14.6M
Other Current Assets115.7K301.4K428.9K635.4K730.7K767.2K
Short Term Investments519.8K204.8K291.4K10M11.5M12.1M
Accumulated Other Comprehensive Income11.3M8.5M12.2M18.1M20.8M21.8M
Net Tangible Assets2.1M13.5M33.8M37.3M42.9M45.1M
Other Assets66.8K63.5K1.2M1.01.151.09
Common Stock23.2M54.3M61.6M80.8M92.9M97.5M
Property Plant Equipment1.2M2.7M7.3M25.5M29.3M30.8M
Net Invested Capital13.5M33.9M37.3M50.8M58.4M61.3M
Long Term Investments66.8K63.5K68.7K101.8K91.7K56.9K
Net Working Capital10.7M26.6M11.0M12.6M14.5M9.9M
Capital Stock23.2M54.3M61.6M80.8M92.9M47.5M

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Additional Tools for Desert Stock Analysis

When running Desert Mountain's price analysis, check to measure Desert Mountain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Desert Mountain is operating at the current time. Most of Desert Mountain's value examination focuses on studying past and present price action to predict the probability of Desert Mountain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Desert Mountain's price. Additionally, you may evaluate how the addition of Desert Mountain to your portfolios can decrease your overall portfolio volatility.