Desert Other Current Liab vs Inventory 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 Inventory 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 Inventory
Other Current Liab vs Inventory 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 Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Desert Mountain's Other Current Liab and Inventory is -0.03. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Inventory 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 Inventory 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 Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Current Liab i.e., Desert Mountain's Other Current Liab and Inventory go up and down completely randomly.
Correlation Coefficient | -0.03 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Current Liab
Inventory
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
Click cells to compare fundamentals
Desert Mountain Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Desert Mountain fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.5M | 34.5M | 40.0M | 59.4M | 68.4M | 71.8M | |
Other Current Liab | 15.8K | 14.6K | 23.4K | 37.8K | 34.0K | 32.3K | |
Total Current Liabilities | 75.7K | 516.9K | 2.3M | 956.3K | 1.1M | 1.2M | |
Total Stockholder Equity | 13.5M | 33.9M | 37.3M | 50.8M | 58.4M | 61.3M | |
Property Plant And Equipment Net | 2.7M | 7.3M | 25.5M | 25.5M | 29.3M | 30.7M | |
Non Current Assets Total | 2.8M | 7.4M | 26.7M | 45.9M | 52.8M | 55.4M | |
Non Currrent Assets Other | 2.7M | 6.8M | 1.1M | 19.6M | 22.6M | 23.7M | |
Common Stock Shares Outstanding | 42.0M | 63.8M | 73.7M | 84.3M | 96.9M | 101.8M | |
Liabilities And Stockholders Equity | 13.5M | 34.5M | 40.0M | 59.4M | 68.4M | 71.8M | |
Other Stockholder Equity | 1.7M | 11.3M | 8.5M | (6K) | (6.9K) | (6.6K) | |
Total Liab | 75.7K | 666.9K | 2.7M | 8.7M | 10.0M | 10.5M | |
Net Receivables | 11.1K | 18.9K | 412.5K | 843.4K | 969.9K | 1.0M | |
Total Current Assets | 10.7M | 27.1M | 13.4M | 13.6M | 15.6M | 16.4M | |
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 Payable | 60.0K | 502.3K | 2.3M | 918.5K | 1.1M | 1.1M | |
Cash | 10.1M | 26.6M | 12.2M | 2.1M | 2.4M | 3.9M | |
Cash And Short Term Investments | 10.6M | 26.8M | 12.5M | 12.1M | 13.9M | 14.6M | |
Other Current Assets | 115.7K | 301.4K | 428.9K | 635.4K | 730.7K | 767.2K | |
Short Term Investments | 519.8K | 204.8K | 291.4K | 10M | 11.5M | 12.1M | |
Accumulated Other Comprehensive Income | 11.3M | 8.5M | 12.2M | 18.1M | 20.8M | 21.8M | |
Net Tangible Assets | 2.1M | 13.5M | 33.8M | 37.3M | 42.9M | 45.1M | |
Other Assets | 66.8K | 63.5K | 1.2M | 1.0 | 1.15 | 1.09 | |
Common Stock | 23.2M | 54.3M | 61.6M | 80.8M | 92.9M | 97.5M | |
Property Plant Equipment | 1.2M | 2.7M | 7.3M | 25.5M | 29.3M | 30.8M | |
Net Invested Capital | 13.5M | 33.9M | 37.3M | 50.8M | 58.4M | 61.3M | |
Long Term Investments | 66.8K | 63.5K | 68.7K | 101.8K | 91.7K | 56.9K | |
Net Working Capital | 10.7M | 26.6M | 11.0M | 12.6M | 14.5M | 9.9M | |
Capital Stock | 23.2M | 54.3M | 61.6M | 80.8M | 92.9M | 47.5M |
Thematic Opportunities
Explore Investment Opportunities
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.