Opthea Net Debt vs Asset Turnover Analysis

OPT Stock

USD 3.61 0.04 1.10%

Opthea financial indicator trend analysis is much more than just breaking down Opthea prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Opthea is a good investment. Please check the relationship between Opthea Net Debt and its Asset Turnover accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opthea. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Opthea Stock please use our How to Invest in Opthea guide.

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Opthea Net Debt account and Asset Turnover. At this time, the significance of the direction appears to have weak relationship.

The correlation between Opthea's Net Debt and Asset Turnover is 0.3. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Opthea, assuming nothing else is changed. The correlation between historical values of Opthea's Net Debt and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Opthea are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Net Debt i.e., Opthea's Net Debt and Asset Turnover go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Most indicators from Opthea's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Opthea 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opthea. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Opthea Stock please use our How to Invest in Opthea guide.At this time, Opthea's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 166.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (0.61) in 2024.

Opthea fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Long Term Debt Total	Short Term Debt	Non Current Liabilities Total	Accounts Payable	Other Current Assets
Total Assets		0.73	0.81	-0.07	0.56	-0.66	-0.88	1.0	-0.38	0.89	0.13	0.95	0.81	0.41	0.92	0.58	0.07	0.8	0.19	1.0	0.95	0.7	0.71	0.79	0.81	0.21
Other Current Liab	0.73		0.96	-0.58	0.15	0.02	-0.79	0.75	-0.21	0.94	0.13	0.58	0.79	0.38	0.68	0.01	0.05	0.91	-0.02	0.73	0.72	0.99	0.34	0.89	0.95	0.11
Total Current Liabilities	0.81	0.96		-0.61	0.36	-0.15	-0.92	0.82	-0.27	0.92	0.13	0.69	0.84	0.4	0.77	0.2	0.05	0.98	0.1	0.81	0.85	0.94	0.43	0.97	1.0	0.25
Total Stockholder Equity	-0.07	-0.58	-0.61		-0.07	-0.54	0.42	-0.11	-0.07	-0.33	-0.06	0.03	-0.32	-0.09	-0.05	0.39	0.24	-0.66	-0.05	-0.07	-0.2	-0.64	0.25	-0.66	-0.61	-0.08
Property Plant And Equipment Net	0.56	0.15	0.36	-0.07		-0.66	-0.57	0.58	-0.01	0.26	-0.13	0.63	0.36	0.39	0.5	0.58	-0.22	0.46	0.74	0.57	0.59	0.16	0.57	0.49	0.36	0.17
Net Debt	-0.66	0.02	-0.15	-0.54	-0.66		0.45	-0.64	0.36	-0.27	0.02	-0.75	-0.34	-0.2	-0.64	-0.88	-0.15	-0.17	-0.33	-0.67	-0.62	0.07	-0.69	-0.18	-0.15	-0.23
Retained Earnings	-0.88	-0.79	-0.92	0.42	-0.57	0.45		-0.89	0.38	-0.84	-0.14	-0.82	-0.84	-0.38	-0.88	-0.55	-0.19	-0.92	-0.19	-0.88	-0.97	-0.75	-0.58	-0.91	-0.92	-0.42
Cash	1.0	0.75	0.82	-0.11	0.58	-0.64	-0.89		-0.38	0.89	0.07	0.94	0.82	0.41	0.92	0.55	0.02	0.82	0.24	1.0	0.94	0.72	0.69	0.82	0.82	0.18
Non Current Assets Total	-0.38	-0.21	-0.27	-0.07	-0.01	0.36	0.38	-0.38		-0.3	0.19	-0.39	-0.42	0.02	-0.54	-0.38	-0.21	-0.25	-0.02	-0.4	-0.41	-0.17	-0.2	-0.24	-0.28	-0.29
Non Currrent Assets Other	0.89	0.94	0.92	-0.33	0.26	-0.27	-0.84	0.89	-0.3		0.16	0.77	0.83	0.33	0.8	0.25	0.1	0.87	-0.01	0.88	0.84	0.91	0.48	0.85	0.91	0.1
Other Assets	0.13	0.13	0.13	-0.06	-0.13	0.02	-0.14	0.07	0.19	0.16		0.05	-0.13	-0.04	-0.09	0.11	0.07	0.13	-0.71	0.07	0.14	0.1	0.06	0.13	0.12	0.22
Cash And Short Term Investments	0.95	0.58	0.69	0.03	0.63	-0.75	-0.82	0.94	-0.39	0.77	0.05		0.73	0.37	0.88	0.66	0.06	0.69	0.31	0.95	0.89	0.55	0.72	0.69	0.68	0.23
Net Receivables	0.81	0.79	0.84	-0.32	0.36	-0.34	-0.84	0.82	-0.42	0.83	-0.13	0.73		0.43	0.89	0.37	0.16	0.8	0.23	0.82	0.83	0.76	0.56	0.79	0.85	0.1
Good Will	0.41	0.38	0.4	-0.09	0.39	-0.2	-0.38	0.41	0.02	0.33	-0.04	0.37	0.43		0.5	0.13	0.04	0.37	0.39	0.41	0.41	0.36	0.81	0.35	0.41	0.21
Common Stock Total Equity	0.92	0.68	0.77	-0.05	0.5	-0.64	-0.88	0.92	-0.54	0.8	-0.09	0.88	0.89	0.5		0.64	0.3	0.73	0.27	0.93	0.94	0.61	0.76	0.71	0.78	0.35
Common Stock Shares Outstanding	0.58	0.01	0.2	0.39	0.58	-0.88	-0.55	0.55	-0.38	0.25	0.11	0.66	0.37	0.13	0.64		0.49	0.2	0.16	0.58	0.68	-0.09	0.64	0.2	0.21	0.49
Other Stockholder Equity	0.07	0.05	0.05	0.24	-0.22	-0.15	-0.19	0.02	-0.21	0.1	0.07	0.06	0.16	0.04	0.3	0.49		-0.09	-0.31	0.07	0.25	-0.1	0.27	-0.13	0.06	0.53
Total Liab	0.8	0.91	0.98	-0.66	0.46	-0.17	-0.92	0.82	-0.25	0.87	0.13	0.69	0.8	0.37	0.73	0.2	-0.09		0.17	0.8	0.84	0.92	0.39	1.0	0.98	0.21
Property Plant And Equipment Gross	0.19	-0.02	0.1	-0.05	0.74	-0.33	-0.19	0.24	-0.02	-0.01	-0.71	0.31	0.23	0.39	0.27	0.16	-0.31	0.17		0.23	0.18	0.02	0.34	0.19	0.1	-0.08
Total Current Assets	1.0	0.73	0.81	-0.07	0.57	-0.67	-0.88	1.0	-0.4	0.88	0.07	0.95	0.82	0.41	0.93	0.58	0.07	0.8	0.23		0.94	0.69	0.71	0.79	0.8	0.2
Common Stock	0.95	0.72	0.85	-0.2	0.59	-0.62	-0.97	0.94	-0.41	0.84	0.14	0.89	0.83	0.41	0.94	0.68	0.25	0.84	0.18	0.94		0.67	0.7	0.83	0.85	0.4
Short Long Term Debt Total	0.7	0.99	0.94	-0.64	0.16	0.07	-0.75	0.72	-0.17	0.91	0.1	0.55	0.76	0.36	0.61	-0.09	-0.1	0.92	0.02	0.69	0.67		0.27	0.9	0.93	0.02
Short Term Debt	0.71	0.34	0.43	0.25	0.57	-0.69	-0.58	0.69	-0.2	0.48	0.06	0.72	0.56	0.81	0.76	0.64	0.27	0.39	0.34	0.71	0.7	0.27		0.37	0.43	0.33
Non Current Liabilities Total	0.79	0.89	0.97	-0.66	0.49	-0.18	-0.91	0.82	-0.24	0.85	0.13	0.69	0.79	0.35	0.71	0.2	-0.13	1.0	0.19	0.79	0.83	0.9	0.37		0.97	0.19
Accounts Payable	0.81	0.95	1.0	-0.61	0.36	-0.15	-0.92	0.82	-0.28	0.91	0.12	0.68	0.85	0.41	0.78	0.21	0.06	0.98	0.1	0.8	0.85	0.93	0.43	0.97		0.28
Other Current Assets	0.21	0.11	0.25	-0.08	0.17	-0.23	-0.42	0.18	-0.29	0.1	0.22	0.23	0.1	0.21	0.35	0.49	0.53	0.21	-0.08	0.2	0.4	0.02	0.33	0.19	0.28

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Opthea Account Relationship Matchups

Opthea fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	34.3M	184.4M	87.3M	148.2M	188.8M	198.2M
Other Current Liab	113.3K	1.5M	6.0M	728.8K	25.9M	27.2M
Total Current Liabilities	3.3M	4.1M	17.5M	28.2M	64.1M	67.3M
Total Stockholder Equity	30.9M	180.2M	69.8M	(8.8M)	(75.8M)	(72.0M)
Property Plant And Equipment Net	133.7K	156.0K	40.8K	302.7K	132.0K	125.4K
Net Debt	(42.5M)	(157.3M)	(64.9M)	(133.7M)	(30.8M)	(32.4M)
Retained Earnings	(54.6M)	(165.3M)	(315.5M)	(540.0M)	(579.7M)	(550.7M)
Cash	42.7M	157.4M	64.9M	134.0M	172.5M	181.1M
Non Current Assets Total	271.9K	388.5K	201.2K	383.1K	598.7K	568.7K
Cash And Short Term Investments	42.7M	157.4M	64.9M	134.0M	172.5M	94.7M
Net Receivables	6.1M	5.5M	6.6M	6.6M	11.8M	12.4M
Common Stock Total Equity	98.4M	113.0M	162.1M	234.1M	269.3M	282.7M
Common Stock Shares Outstanding	34.6M	339.9M	372.9M	469.6M	79.8M	46.6M
Liabilities And Stockholders Equity	34.3M	184.4M	87.3M	148.2M	188.8M	198.2M
Other Stockholder Equity	(0.81)	25.3M	48.0B	1.0	1.15	1.09
Total Liab	3.4M	4.2M	17.6M	157.0M	264.6M	277.8M
Property Plant And Equipment Gross	280.7K	117.1K	28.1K	201.5K	132.0K	86.3K
Total Current Assets	49.0M	184.0M	87.1M	147.8M	188.2M	197.6M
Accumulated Other Comprehensive Income	6.6M	33.6M	43.1M	49.2M	37.8M	39.7M
Common Stock	78.9M	311.9M	342.1M	482.1M	466.1M	489.4M
Non Current Liabilities Total	76.3K	22.5K	40.7K	128.8M	200.5M	210.6M
Accounts Payable	2.8M	2.4M	11.4M	17.8M	38.1M	40.0M
Other Current Assets	329.5K	19.6K	8.7M	7.3M	3.9M	2.0M
Other Liab	40.2K	16.9K	28.0K	7.6K	6.9K	6.5K
Net Tangible Assets	64.8M	135.3M	48.0M	(5.9M)	(5.3M)	(5.0M)
Net Invested Capital	64.8M	135.3M	48.0M	(5.8M)	65.7M	43.2M
Net Working Capital	64.4M	135.0M	47.9M	79.7M	124.1M	78.7M
Property Plant Equipment	280.7K	117.1K	28.1K	201.5K	231.7K	128.0K
Capital Stock	111.4M	234.1M	235.3M	320.9M	466.1M	265.3M

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