Syntec Property Plant And Equipment Net vs Cash Analysis

OPTX Stock   3.50  1.56  80.41%   
Syntec Optics financial indicator trend analysis is much more than just breaking down Syntec Optics Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Syntec Optics Holdings is a good investment. Please check the relationship between Syntec Optics Property Plant And Equipment Net and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Syntec Optics 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 estimate.

Property Plant And Equipment Net vs Cash

Property Plant And Equipment Net vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Syntec Optics Holdings Property Plant And Equipment Net account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Syntec Optics' Property Plant And Equipment Net and Cash is 0.73. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash in the same time period over historical financial statements of Syntec Optics Holdings, assuming nothing else is changed. The correlation between historical values of Syntec Optics' Property Plant And Equipment Net and 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 Property Plant And Equipment Net of Syntec Optics Holdings are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Property Plant And Equipment Net i.e., Syntec Optics' Property Plant And Equipment Net and Cash go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Cash

Cash refers to the most liquid asset of Syntec Optics Holdings, which is listed under current asset account on Syntec Optics Holdings balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Syntec Optics customers. The amounts must be unrestricted with restricted cash listed in a different Syntec Optics 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.
Most indicators from Syntec Optics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Syntec Optics 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Syntec Optics 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 estimate.
At this time, Syntec Optics' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to rise to about 194.7 M in 2024, despite the fact that Tax Provision is likely to grow to (683.2 K).
 2010 2022 2023 2024 (projected)
Interest Expense194.8K336.0K654.8K434.7K
Depreciation And Amortization3.2M3.1M2.8M2.4M

Syntec Optics fundamental ratios Correlations

0.82-0.261.0-0.310.87-0.580.660.890.150.880.88-0.820.840.88-0.71-0.830.70.80.020.45-0.810.911.0-0.760.79
0.82-0.740.79-0.741.0-0.940.950.95-0.360.690.99-0.980.970.69-0.98-0.940.981.0-0.440.85-1.00.980.83-0.880.98
-0.26-0.74-0.210.99-0.690.89-0.9-0.520.89-0.05-0.660.64-0.62-0.050.850.54-0.81-0.750.9-0.980.73-0.6-0.30.74-0.79
1.00.79-0.21-0.260.84-0.540.620.880.20.890.86-0.80.810.89-0.67-0.810.670.770.070.41-0.780.890.99-0.730.76
-0.31-0.740.99-0.26-0.70.85-0.91-0.50.89-0.02-0.670.62-0.59-0.020.830.5-0.78-0.730.93-0.980.71-0.6-0.360.81-0.82
0.871.0-0.690.84-0.7-0.910.930.96-0.30.731.0-0.980.970.73-0.97-0.940.960.99-0.390.82-0.990.990.87-0.890.98
-0.58-0.940.89-0.540.85-0.91-0.96-0.840.58-0.49-0.890.92-0.91-0.490.980.86-0.99-0.950.6-0.930.95-0.87-0.590.78-0.92
0.660.95-0.90.62-0.910.93-0.960.82-0.620.440.92-0.880.870.44-0.98-0.810.960.95-0.690.97-0.940.880.68-0.920.98
0.890.95-0.520.88-0.50.96-0.840.82-0.080.870.97-0.990.990.87-0.9-0.990.920.96-0.150.66-0.960.990.88-0.740.89
0.15-0.360.890.20.89-0.30.58-0.62-0.080.41-0.270.22-0.190.410.510.09-0.45-0.370.98-0.790.34-0.180.10.49-0.47
0.880.69-0.050.89-0.020.73-0.490.440.870.410.75-0.790.811.0-0.57-0.860.620.70.350.22-0.720.810.83-0.430.58
0.880.99-0.660.86-0.671.0-0.890.920.97-0.270.75-0.970.970.75-0.96-0.940.950.99-0.360.8-0.991.00.89-0.880.97
-0.82-0.980.64-0.80.62-0.980.92-0.88-0.990.22-0.79-0.97-1.0-0.790.950.99-0.97-0.990.28-0.760.99-0.98-0.810.77-0.92
0.840.97-0.620.81-0.590.97-0.910.870.99-0.190.810.97-1.00.81-0.94-0.990.960.98-0.250.74-0.990.980.82-0.760.92
0.880.69-0.050.89-0.020.73-0.490.440.870.411.00.75-0.790.81-0.57-0.860.620.70.350.22-0.720.810.83-0.430.58
-0.71-0.980.85-0.670.83-0.970.98-0.98-0.90.51-0.57-0.960.95-0.94-0.570.89-0.99-0.990.57-0.930.98-0.93-0.720.87-0.98
-0.83-0.940.54-0.810.5-0.940.86-0.81-0.990.09-0.86-0.940.99-0.99-0.860.89-0.93-0.950.14-0.660.96-0.96-0.810.68-0.86
0.70.98-0.810.67-0.780.96-0.990.960.92-0.450.620.95-0.970.960.62-0.99-0.930.99-0.490.89-0.990.930.7-0.80.95
0.81.0-0.750.77-0.730.99-0.950.950.96-0.370.70.99-0.990.980.7-0.99-0.950.99-0.430.85-1.00.980.8-0.850.97
0.02-0.440.90.070.93-0.390.6-0.69-0.150.980.35-0.360.28-0.250.350.570.14-0.49-0.43-0.840.4-0.27-0.040.62-0.56
0.450.85-0.980.41-0.980.82-0.930.970.66-0.790.220.8-0.760.740.22-0.93-0.660.890.85-0.84-0.840.740.49-0.860.9
-0.81-1.00.73-0.780.71-0.990.95-0.94-0.960.34-0.72-0.990.99-0.99-0.720.980.96-0.99-1.00.4-0.84-0.98-0.810.84-0.97
0.910.98-0.60.89-0.60.99-0.870.880.99-0.180.811.0-0.980.980.81-0.93-0.960.930.98-0.270.74-0.980.91-0.850.95
1.00.83-0.30.99-0.360.87-0.590.680.880.10.830.89-0.810.820.83-0.72-0.810.70.8-0.040.49-0.810.91-0.810.81
-0.76-0.880.74-0.730.81-0.890.78-0.92-0.740.49-0.43-0.880.77-0.76-0.430.870.68-0.8-0.850.62-0.860.84-0.85-0.81-0.95
0.790.98-0.790.76-0.820.98-0.920.980.89-0.470.580.97-0.920.920.58-0.98-0.860.950.97-0.560.9-0.970.950.81-0.95
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Syntec Optics Account Relationship Matchups

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