Navitas Total Current Liabilities vs Depreciation And Amortization Analysis

NVTS Stock  USD 3.17  0.36  12.81%   
Navitas Semiconductor financial indicator trend analysis is infinitely more than just investigating Navitas Semiconductor recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Navitas Semiconductor is a good investment. Please check the relationship between Navitas Semiconductor Total Current Liabilities and its Depreciation And Amortization accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Navitas Semiconductor Corp. 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.

Total Current Liabilities vs Depreciation And Amortization

JavaScript chart by amCharts 3.21.152014201620182020202220245M10M15M20M25M30M35M40M45M 250K500K1M1.5M2M2.5M3M3.5M4M4.5M5M5.5M6M6.5M7M7.5M8M8.5M
JavaScript chart by amCharts 3.21.15Total Current Liabilitiestotal: 165.8MDepreciation And Amortizationtotal: 13.4M

Total Current Liabilities vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Navitas Semiconductor Total Current Liabilities account and Depreciation And Amortization. At this time, the significance of the direction appears to have no relationship.
Total Current LiabilitiesDepreciation And AmortizationDiversified AwayTotal Current LiabilitiesDepreciation And AmortizationDiversified Away100%
The correlation between Navitas Semiconductor's Total Current Liabilities and Depreciation And Amortization is 0.08. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Navitas Semiconductor Corp, assuming nothing else is changed. The correlation between historical values of Navitas Semiconductor's Total Current Liabilities and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Navitas Semiconductor Corp are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Current Liabilities i.e., Navitas Semiconductor's Total Current Liabilities and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.08
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Current Liabilities

Total Current Liabilities is an item on Navitas Semiconductor balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Navitas Semiconductor Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Navitas Semiconductor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Navitas Semiconductor 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Navitas Semiconductor Corp. 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.
At this time, Navitas Semiconductor's Issuance Of Capital Stock is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 1.6 B in 2024, whereas Selling General Administrative is likely to drop slightly above 45.9 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit10.7M11.9M31.1M32.6M
Total Revenue23.7M37.9M79.5M83.4M

Navitas Semiconductor fundamental ratios Correlations

0.940.780.80.90.420.960.87-0.82-0.90.850.830.870.890.510.830.831.00.51.00.940.990.630.880.111.0
0.940.890.880.820.430.910.86-0.85-0.960.890.840.810.920.270.840.920.950.630.950.940.930.760.89-0.10.94
0.780.891.00.860.140.870.94-0.66-0.930.980.610.860.97-0.070.611.00.790.390.80.780.80.520.68-0.110.78
0.80.881.00.890.10.880.96-0.64-0.920.990.590.90.97-0.050.590.990.790.340.820.770.820.480.66-0.090.79
0.90.820.860.890.110.950.98-0.63-0.840.940.590.990.940.310.590.880.880.210.90.780.910.350.660.120.88
0.420.430.140.10.110.40.06-0.82-0.490.10.840.010.260.570.840.210.460.850.370.630.330.820.780.520.49
0.960.910.870.880.950.40.93-0.83-0.940.920.810.920.960.420.810.90.960.480.950.910.940.60.850.220.96
0.870.860.940.960.980.060.93-0.61-0.870.990.570.980.970.160.570.950.860.250.880.760.890.390.65-0.030.85
-0.82-0.85-0.66-0.64-0.63-0.82-0.83-0.610.89-0.65-1.0-0.56-0.76-0.52-1.0-0.72-0.85-0.86-0.79-0.93-0.76-0.91-0.99-0.31-0.86
-0.9-0.96-0.93-0.92-0.84-0.49-0.94-0.870.89-0.91-0.86-0.81-0.96-0.22-0.86-0.95-0.91-0.63-0.9-0.95-0.89-0.75-0.9-0.11-0.91
0.850.890.980.990.940.10.920.99-0.65-0.910.610.950.980.070.610.980.850.340.870.790.870.480.68-0.090.84
0.830.840.610.590.590.840.810.57-1.0-0.860.610.530.720.551.00.670.860.860.80.930.760.910.990.310.86
0.870.810.860.90.990.010.920.98-0.56-0.810.950.530.930.260.530.880.850.180.890.720.90.320.6-0.020.84
0.890.920.970.970.940.260.960.97-0.76-0.960.980.720.930.170.720.980.90.430.90.870.90.560.780.050.89
0.510.27-0.07-0.050.310.570.420.16-0.52-0.220.070.550.260.170.550.020.510.390.460.420.440.380.530.460.52
0.830.840.610.590.590.840.810.57-1.0-0.860.611.00.530.720.550.670.860.860.80.930.760.910.990.310.86
0.830.921.00.990.880.210.90.95-0.72-0.950.980.670.880.980.020.670.830.450.850.820.840.580.73-0.080.82
1.00.950.790.790.880.460.960.86-0.85-0.910.850.860.850.90.510.860.830.550.990.960.990.670.90.111.0
0.50.630.390.340.210.850.480.25-0.86-0.630.340.860.180.430.390.860.450.550.470.660.410.980.820.070.54
1.00.950.80.820.90.370.950.88-0.79-0.90.870.80.890.90.460.80.850.990.470.931.00.610.860.040.99
0.940.940.780.770.780.630.910.76-0.93-0.950.790.930.720.870.420.930.820.960.660.930.920.770.970.20.96
0.990.930.80.820.910.330.940.89-0.76-0.890.870.760.90.90.440.760.840.990.411.00.920.560.830.050.98
0.630.760.520.480.350.820.60.39-0.91-0.750.480.910.320.560.380.910.580.670.980.610.770.560.890.030.66
0.880.890.680.660.660.780.850.65-0.99-0.90.680.990.60.780.530.990.730.90.820.860.970.830.890.260.91
0.11-0.1-0.11-0.090.120.520.22-0.03-0.31-0.11-0.090.31-0.020.050.460.31-0.080.110.070.040.20.050.030.260.16
1.00.940.780.790.880.490.960.85-0.86-0.910.840.860.840.890.520.860.821.00.540.990.960.980.660.910.16
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Navitas Semiconductor Account Relationship Matchups

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