DRDGOLD Other Liab vs Total Stockholder Equity Analysis

DRD Stock

USD 8.33 0.08 0.97%

DRDGOLD Limited financial indicator trend analysis is much more than just examining DRDGOLD Limited ADR latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DRDGOLD Limited ADR is a good investment. Please check the relationship between DRDGOLD Limited Other Liab and its Total Stockholder Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DRDGOLD Limited ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Other Liab vs Total Stockholder Equity

Other Liab vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DRDGOLD Limited ADR Other Liab account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.

The correlation between DRDGOLD Limited's Other Liab and Total Stockholder Equity is 0.83. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of DRDGOLD Limited ADR, assuming nothing else is changed. The correlation between historical values of DRDGOLD Limited's Other Liab and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of DRDGOLD Limited ADR are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Liab i.e., DRDGOLD Limited's Other Liab and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Other Liab

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from DRDGOLD Limited's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DRDGOLD Limited ADR 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 DRDGOLD Limited ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At present, DRDGOLD Limited's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 13.9 B, whereas Enterprise Value Over EBITDA is forecasted to decline to 8.55.

	2021	2022	2023	2024 (projected)
Interest Expense	72.9M	70.4M	81.0M	48.5M
Depreciation And Amortization	321.7M	217.5M	250.1M	186.9M

Interest Expense Depreciation And Amortization

DRDGOLD Limited fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Common Stock	Other Liab	Property Plant Equipment
Total Assets		-0.09	0.85	0.88	1.0	0.98	-0.93	0.69	0.81	0.97	0.99	0.03	0.97	0.74	0.96	0.76	0.97	-0.38	0.84	0.98	0.98	-0.2	0.84	0.84	0.84	0.93
Short Long Term Debt Total	-0.09		-0.09	-0.1	-0.12	-0.07	0.11	-0.24	-0.19	-0.08	-0.08	0.24	-0.08	-0.24	-0.11	0.03	-0.16	-0.2	-0.03	-0.08	-0.09	0.71	-0.05	0.05	-0.42	-0.36
Other Current Liab	0.85	-0.09		0.9	0.85	0.76	-0.92	0.61	0.77	0.9	0.8	0.15	0.9	0.81	0.84	0.62	0.82	-0.43	0.77	0.76	0.89	-0.19	0.74	0.75	0.72	0.78
Total Current Liabilities	0.88	-0.1	0.9		0.87	0.86	-0.88	0.5	0.96	0.86	0.87	-0.04	0.86	0.85	0.91	0.86	0.89	-0.39	0.95	0.81	0.87	-0.2	0.76	0.82	0.79	0.85
Total Stockholder Equity	1.0	-0.12	0.85	0.87		0.97	-0.94	0.74	0.79	0.98	0.98	0.05	0.98	0.73	0.95	0.73	0.95	-0.38	0.82	0.99	0.99	-0.21	0.84	0.81	0.83	0.93
Property Plant And Equipment Net	0.98	-0.07	0.76	0.86	0.97		-0.84	0.6	0.82	0.9	1.0	-0.09	0.9	0.68	0.95	0.78	0.96	-0.36	0.84	0.97	0.93	-0.16	0.84	0.84	0.82	0.92
Net Debt	-0.93	0.11	-0.92	-0.88	-0.94	-0.84		-0.73	-0.77	-0.98	-0.87	-0.19	-0.98	-0.81	-0.89	-0.71	-0.88	0.38	-0.81	-0.9	-0.97	0.23	-0.74	-0.76	-0.78	-0.85
Retained Earnings	0.69	-0.24	0.61	0.5	0.74	0.6	-0.73		0.38	0.76	0.63	0.2	0.76	0.35	0.5	0.21	0.57	-0.34	0.35	0.73	0.75	-0.23	0.7	0.34	0.53	0.64
Accounts Payable	0.81	-0.19	0.77	0.96	0.79	0.82	-0.77	0.38		0.75	0.83	-0.19	0.75	0.82	0.86	0.92	0.86	-0.33	0.97	0.75	0.77	-0.3	0.69	0.8	0.8	0.83
Cash	0.97	-0.08	0.9	0.86	0.98	0.9	-0.98	0.76	0.75		0.92	0.2	1.0	0.77	0.91	0.69	0.91	-0.38	0.79	0.95	1.0	-0.21	0.8	0.79	0.79	0.88
Non Current Assets Total	0.99	-0.08	0.8	0.87	0.98	1.0	-0.87	0.63	0.83	0.92		-0.08	0.92	0.7	0.96	0.78	0.97	-0.36	0.85	0.97	0.94	-0.18	0.84	0.84	0.83	0.93
Non Currrent Assets Other	0.03	0.24	0.15	-0.04	0.05	-0.09	-0.19	0.2	-0.19	0.2	-0.08		0.2	0.14	-0.11	-0.11	-0.1	0.13	-0.08	0.04	0.17	0.12	0.19	-0.07	-0.16	-0.14
Cash And Short Term Investments	0.97	-0.08	0.9	0.86	0.98	0.9	-0.98	0.76	0.75	1.0	0.92	0.2		0.77	0.91	0.69	0.91	-0.38	0.79	0.95	1.0	-0.21	0.8	0.79	0.79	0.88
Net Receivables	0.74	-0.24	0.81	0.85	0.73	0.68	-0.81	0.35	0.82	0.77	0.7	0.14	0.77		0.81	0.78	0.79	-0.28	0.84	0.67	0.77	-0.35	0.54	0.79	0.73	0.77
Common Stock Shares Outstanding	0.96	-0.11	0.84	0.91	0.95	0.95	-0.89	0.5	0.86	0.91	0.96	-0.11	0.91	0.81		0.84	0.98	-0.36	0.9	0.92	0.93	-0.23	0.73	0.9	0.88	0.93
Non Current Liabilities Total	0.76	0.03	0.62	0.86	0.73	0.78	-0.71	0.21	0.92	0.69	0.78	-0.11	0.69	0.78	0.84		0.82	-0.29	0.97	0.73	0.71	-0.19	0.56	0.83	0.73	0.74
Inventory	0.97	-0.16	0.82	0.89	0.95	0.96	-0.88	0.57	0.86	0.91	0.97	-0.1	0.91	0.79	0.98	0.82		-0.41	0.88	0.94	0.93	-0.29	0.77	0.91	0.91	0.96
Other Stockholder Equity	-0.38	-0.2	-0.43	-0.39	-0.38	-0.36	0.38	-0.34	-0.33	-0.38	-0.36	0.13	-0.38	-0.28	-0.36	-0.29	-0.41		-0.35	-0.36	-0.39	0.05	-0.32	-0.61	-0.35	-0.45
Total Liab	0.84	-0.03	0.77	0.95	0.82	0.84	-0.81	0.35	0.97	0.79	0.85	-0.08	0.79	0.84	0.9	0.97	0.88	-0.35		0.79	0.81	-0.2	0.67	0.86	0.78	0.81
Property Plant And Equipment Gross	0.98	-0.08	0.76	0.81	0.99	0.97	-0.9	0.73	0.75	0.95	0.97	0.04	0.95	0.67	0.92	0.73	0.94	-0.36	0.79		0.97	-0.17	0.81	0.8	0.81	0.91
Total Current Assets	0.98	-0.09	0.89	0.87	0.99	0.93	-0.97	0.75	0.77	1.0	0.94	0.17	1.0	0.77	0.93	0.71	0.93	-0.39	0.81	0.97		-0.22	0.82	0.81	0.82	0.9
Short Term Debt	-0.2	0.71	-0.19	-0.2	-0.21	-0.16	0.23	-0.23	-0.3	-0.21	-0.18	0.12	-0.21	-0.35	-0.23	-0.19	-0.29	0.05	-0.2	-0.17	-0.22		-0.22	-0.21	-0.56	-0.43
Other Current Assets	0.84	-0.05	0.74	0.76	0.84	0.84	-0.74	0.7	0.69	0.8	0.84	0.19	0.8	0.54	0.73	0.56	0.77	-0.32	0.67	0.81	0.82	-0.22		0.65	0.67	0.77
Common Stock	0.84	0.05	0.75	0.82	0.81	0.84	-0.76	0.34	0.8	0.79	0.84	-0.07	0.79	0.79	0.9	0.83	0.91	-0.61	0.86	0.8	0.81	-0.21	0.65		0.81	0.85
Other Liab	0.84	-0.42	0.72	0.79	0.83	0.82	-0.78	0.53	0.8	0.79	0.83	-0.16	0.79	0.73	0.88	0.73	0.91	-0.35	0.78	0.81	0.82	-0.56	0.67	0.81		0.92
Property Plant Equipment	0.93	-0.36	0.78	0.85	0.93	0.92	-0.85	0.64	0.83	0.88	0.93	-0.14	0.88	0.77	0.93	0.74	0.96	-0.45	0.81	0.91	0.9	-0.43	0.77	0.85	0.92

Click cells to compare fundamentals

DRDGOLD Limited Account Relationship Matchups

DRDGOLD Limited fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.7B	6.3B	7.1B	8.2B	9.4B	9.8B
Short Long Term Debt Total	47.1M	54.8M	52.3M	39.7M	35.7M	33.9M
Other Current Liab	257M	161.7M	176.9M	182.3M	164.1M	172.3M
Total Current Liabilities	745.9M	531.5M	625.5M	718.7M	826.5M	528.6M
Total Stockholder Equity	4.0B	4.8B	5.4B	6.3B	7.2B	7.6B
Property Plant And Equipment Net	2.6B	2.8B	3.1B	3.9B	4.5B	4.7B
Net Debt	(1.7B)	(2.1B)	(2.5B)	(2.4B)	(2.2B)	(2.1B)
Retained Earnings	(2.1B)	(1.3B)	(733.4M)	86.2M	77.6M	81.5M
Accounts Payable	478.8M	352.9M	429.1M	525.1M	603.9M	339.3M
Cash	1.7B	2.2B	2.5B	2.5B	2.8B	3.0B
Non Current Assets Total	3.5B	3.7B	4.0B	4.9B	5.7B	6.0B
Non Currrent Assets Other	35M	40.5M	40.4M	39.7M	35.7M	37.5M
Cash And Short Term Investments	1.7B	2.2B	2.5B	2.5B	2.8B	3.0B
Net Receivables	151.3M	135.3M	142.9M	130.1M	149.6M	106.7M
Common Stock Shares Outstanding	78.4M	86.1M	86.1M	86.5M	99.5M	104.4M
Liabilities And Stockholders Equity	5.7B	6.3B	7.1B	8.2B	9.4B	9.8B
Non Current Liabilities Total	889.1M	996.1M	1.0B	1.2B	1.3B	782.2M
Inventory	323.4M	340M	389.3M	413.6M	475.6M	499.4M
Other Stockholder Equity	(51.0M)	(51M)	(35.6M)	(21M)	(18.9M)	(18.0M)
Total Liab	1.6B	1.5B	1.6B	1.9B	2.2B	1.3B
Property Plant And Equipment Gross	2.6B	4.9B	5.2B	6.2B	7.1B	7.5B
Total Current Assets	2.2B	2.7B	3.1B	3.2B	3.7B	3.9B
Accumulated Other Comprehensive Income	50.5M	50.5M	35.1M	20.5M	23.6M	24.8M
Short Term Debt	10.1M	16.9M	19.5M	11.3M	10.2M	9.7M
Other Current Assets	128.2M	17.4M	29.9M	210.5M	189.5M	198.9M
Other Liab	852.1M	958.2M	980M	1.1B	1.3B	1.4B
Property Plant Equipment	2.6B	2.8B	3.1B	3.9B	4.5B	4.7B
Other Assets	669M	698.5M	765.7M	72.5M	83.4M	79.2M
Net Tangible Assets	4.0B	4.8B	5.4B	6.3B	7.2B	7.6B
Long Term Investments	821.3M	819.3M	862.2M	958.3M	1.1B	1.2B
Long Term Debt Total	37M	37.9M	32.8M	28.4M	32.7M	24.9M
Capital Lease Obligations	47.1M	54.8M	52.3M	39.7M	45.7M	31.2M
Net Invested Capital	4.0B	4.8B	5.4B	6.3B	7.2B	4.1B

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards DRDGOLD Limited in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, DRDGOLD Limited's short interest history, or implied volatility extrapolated from DRDGOLD Limited options trading.

Pair Trading with DRDGOLD Limited

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DRDGOLD Limited position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DRDGOLD Limited will appreciate offsetting losses from the drop in the long position's value.

Moving together with DRDGOLD Stock

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0.84	AG	First Majestic Silver Financial Report 2nd of May 2024	Pair Corr
0.85	AU	AngloGold Ashanti plc Financial Report 28th of June 2024	Pair Corr

Moving against DRDGOLD Stock

0.64	NC	NACCO Industries	Pair Corr
0.61	VALE	Vale SA ADR	Pair Corr
0.6	X	United States Steel Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to DRDGOLD Limited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DRDGOLD Limited when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DRDGOLD Limited - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DRDGOLD Limited ADR to buy it.

The correlation of DRDGOLD Limited is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DRDGOLD Limited moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DRDGOLD Limited ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for DRDGOLD Limited can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether DRDGOLD Limited ADR is a strong investment it is important to analyze DRDGOLD Limited's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DRDGOLD Limited's future performance. For an informed investment choice regarding DRDGOLD Stock, refer to the following important reports:

How To Invest In DRDGOLD

Details

Is DRDGOLD Stock a good investment?

Details

What is DRDGOLD Limited's Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DRDGOLD Limited ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for DRDGOLD Stock analysis

When running DRDGOLD Limited's price analysis, check to measure DRDGOLD Limited'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 DRDGOLD Limited is operating at the current time. Most of DRDGOLD Limited's value examination focuses on studying past and present price action to predict the probability of DRDGOLD Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DRDGOLD Limited's price. Additionally, you may evaluate how the addition of DRDGOLD Limited to your portfolios can decrease your overall portfolio volatility.

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Is DRDGOLD Limited's industry 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 DRDGOLD Limited. If investors know DRDGOLD 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 DRDGOLD Limited 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

0.095

Dividend Share

8.5

Earnings Share

0.77

Revenue Per Share

67.565

Quarterly Revenue Growth

0.121

The market value of DRDGOLD Limited ADR is measured differently than its book value, which is the value of DRDGOLD that is recorded on the company's balance sheet. Investors also form their own opinion of DRDGOLD Limited's value that differs from its market value or its book value, called intrinsic value, which is DRDGOLD Limited's 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 DRDGOLD Limited's market value can be influenced by many factors that don't directly affect DRDGOLD Limited's 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 DRDGOLD Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if DRDGOLD Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DRDGOLD Limited's 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.

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DRDGOLD Other Liab vs Total Stockholder Equity Analysis

Other Liab vs Total Stockholder Equity

Other Liab vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Other Liab

Total Stockholder Equity

DRDGOLD Limited fundamental ratios Correlations

DRDGOLD Limited Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DRDGOLD Limited fundamental ratios Accounts

Pair Trading with DRDGOLD Limited

Moving together with DRDGOLD Stock

Moving against DRDGOLD Stock

Complementary Tools for DRDGOLD Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Non Current Assets Total	+ 0.99	Total Assets

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Total Current Assets	- 0.97	Net Debt
Net Debt	- 0.94	Total Stockholder Equity
Net Debt	- 0.93	Total Assets
Net Debt	- 0.92	Other Current Liab