Drilling Cash Flow To Debt Ratio vs Change In Cash Analysis
| DTI Stock | 3.15 0.12 3.67% |
Drilling Tools financial indicator trend analysis is much more than just examining Drilling Tools Inter latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Drilling Tools Inter is a good investment. Please check the relationship between Drilling Tools Cash Flow To Debt Ratio and its Change In Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drilling Tools International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Cash Flow To Debt Ratio vs Change In Cash
Cash Flow To Debt Ratio vs Change In Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Drilling Tools Inter Cash Flow To Debt Ratio account and Change In Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Drilling Tools' Cash Flow To Debt Ratio and Change In Cash is 0.84. Overlapping area represents the amount of variation of Cash Flow To Debt Ratio that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Drilling Tools International, assuming nothing else is changed. The correlation between historical values of Drilling Tools' Cash Flow To Debt Ratio and Change In Cash 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 Flow To Debt Ratio of Drilling Tools International are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Cash Flow To Debt Ratio i.e., Drilling Tools' Cash Flow To Debt Ratio and Change In Cash go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash Flow To Debt Ratio
Change In Cash
Most indicators from Drilling Tools' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Drilling Tools Inter 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 Drilling Tools International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. The Drilling Tools' current Sales General And Administrative To Revenue is estimated to increase to 0.50, while Tax Provision is projected to decrease to under 3.1 M.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.2M | 477K | 1.1M | 749.1K | Depreciation And Amortization | 21.7M | 19.7M | 20.4M | 16.5M |
Drilling Tools fundamental ratios Correlations
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Drilling Tools Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When determining whether Drilling Tools Inter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Drilling Tools' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Drilling Tools International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Drilling Tools International Stock:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drilling Tools International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Drilling Tools. If investors know Drilling will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Drilling Tools listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.81) | Earnings Share 0.24 | Revenue Per Share 4.889 | Quarterly Revenue Growth 0.051 | Return On Assets 0.0576 |
The market value of Drilling Tools Inter is measured differently than its book value, which is the value of Drilling that is recorded on the company's balance sheet. Investors also form their own opinion of Drilling Tools' value that differs from its market value or its book value, called intrinsic value, which is Drilling Tools' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Drilling Tools' market value can be influenced by many factors that don't directly affect Drilling Tools' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Drilling Tools' value and its price as these two are different measures arrived at by different means. Investors typically determine if Drilling Tools is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Drilling Tools' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.