Direct Cash vs Long Term Debt Analysis
DRCT Stock | USD 0.91 0.11 10.78% |
Direct Digital financial indicator trend analysis is much more than just examining Direct Digital Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Direct Digital Holdings is a good investment. Please check the relationship between Direct Digital Cash and its Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direct Digital Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Cash vs Long Term Debt
Cash vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Direct Digital Holdings Cash account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Direct Digital's Cash and Long Term Debt is 0.98. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Direct Digital Holdings, assuming nothing else is changed. The correlation between historical values of Direct Digital's Cash and 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 Cash of Direct Digital Holdings are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash i.e., Direct Digital's Cash and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Direct Digital Holdings, which is listed under current asset account on Direct Digital Holdings balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Direct Digital customers. The amounts must be unrestricted with restricted cash listed in a different Direct Digital account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Long Term Debt
Long-term debt is a debt that Direct Digital Holdings has held for over one year. Long-term debt appears on Direct Digital Holdings balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Direct Digital Holdings balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Direct Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Direct Digital Holdings 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 Direct Digital Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Direct Digital's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.36 in 2024, whereas Enterprise Value is likely to drop slightly above 44.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.2M | 3.2M | 4.4M | 2.6M | Depreciation And Amortization | 2.0M | 2.1M | 2.2M | 1.5M |
Direct Digital fundamental ratios Correlations
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Direct Digital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Direct Stock Analysis
When running Direct Digital's price analysis, check to measure Direct Digital'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 Direct Digital is operating at the current time. Most of Direct Digital's value examination focuses on studying past and present price action to predict the probability of Direct Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direct Digital's price. Additionally, you may evaluate how the addition of Direct Digital to your portfolios can decrease your overall portfolio volatility.