DTF Net Debt vs Total Current Liabilities Analysis
| DTF Stock | USD 10.90 0.02 0.18% |
DTF Tax financial indicator trend analysis is much more than just examining DTF Tax Free latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DTF Tax Free is a good investment. Please check the relationship between DTF Tax Net Debt and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTF Tax Free. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Net Debt vs Total Current Liabilities
Net Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DTF Tax Free Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between DTF Tax's Net Debt and Total Current Liabilities is -0.19. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of DTF Tax Free, assuming nothing else is changed. The correlation between historical values of DTF Tax's Net Debt and Total Current Liabilities 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 DTF Tax Free are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., DTF Tax's Net Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.Total Current Liabilities
Total Current Liabilities is an item on DTF Tax balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of DTF Tax Free 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.Most indicators from DTF Tax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DTF Tax Free 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 DTF Tax Free. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, DTF Tax's Selling General Administrative is most likely to decrease significantly in the upcoming years. The DTF Tax's current Enterprise Value is estimated to increase to about 148.1 M, while Issuance Of Capital Stock is projected to decrease to roughly 52 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 5.4M | 3.9M | 3.5M | 5.0M | Net Interest Income | 3.7M | 2.6M | 2.4M | 3.8M |
DTF Tax fundamental ratios Correlations
Click cells to compare fundamentals
DTF Tax Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DTF Tax fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 201.1M | 177.0M | 148.8M | 84.3M | 75.8M | 148.7M | |
| Total Stockholder Equity | 134.5M | 110.5M | 83.9M | 84.2M | 75.8M | 111.6M | |
| Net Tangible Assets | 134.2M | 134.5M | 110.5M | 83.9M | 75.5M | 115.3M | |
| Retained Earnings | 14.3M | 14.0M | (12.5M) | (11.4M) | (10.3M) | (9.8M) | |
| Accounts Payable | 2.7M | 1.0M | 1.5M | 1.6M | 1.9M | 1.7M | |
| Cash | 1.6M | 3.4M | 24.5M | 182.4K | 209.8K | 199.3K | |
| Other Assets | 16.0K | 10.1K | 10.3K | 5.5K | 4.9K | 4.7K | |
| Net Receivables | 2.6M | 2.1M | 1.8M | 1.1M | 1.0M | 982.6K | |
| Total Liab | 1.5M | 1.6M | 65.0M | 71.9K | 64.7K | 61.5K | |
| Long Term Investments | 196.9M | 171.4M | 122.5M | 82.9M | 74.6M | 143.8M | |
| Other Current Liab | (1.5M) | (1.6M) | 126.4K | 71.9K | 64.7K | 67.9K | |
| Total Current Liabilities | 1.5M | 1.6M | 126.4K | 71.9K | 64.7K | 61.5K | |
| Total Current Assets | 4.2M | 5.6M | 26.3M | 1.3M | 1.5M | 1.5M | |
| Non Current Assets Total | 196.9M | 171.4M | 122.5M | 82.9M | 95.4M | 140.9M | |
| Non Currrent Assets Other | (196.9M) | (171.4M) | (122.5M) | (82.9M) | (74.6M) | (78.4M) | |
| Cash And Short Term Investments | 1.6M | 3.4M | 24.5M | 182.4K | 209.8K | 199.3K | |
| Liabilities And Stockholders Equity | 201.1M | 177.0M | 148.8M | 84.3M | 96.9M | 147.0M | |
| Non Current Liabilities Total | 65.0M | 64.7M | 64.9M | 71.9K | 82.7K | 78.5K | |
| Other Current Assets | (4.2M) | (5.6M) | (26.3M) | (2.2M) | (2.0M) | (2.1M) | |
| Other Stockholder Equity | 120.1M | 96.4M | 96.3M | 95.5M | 109.9M | 95.4M | |
| Net Debt | 63.4M | 61.3M | 40.4M | (182.4K) | (209.8K) | (199.3K) |
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 DTF Tax 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, DTF Tax's short interest history, or implied volatility extrapolated from DTF Tax options trading.
Pair Trading with DTF Tax
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 DTF Tax 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 DTF Tax will appreciate offsetting losses from the drop in the long position's value.Moving together with DTF Stock
| 0.62 | SF | Stifel Financial Financial Report 24th of July 2024 | PairCorr |
Moving against DTF Stock
| 0.67 | AMK | AssetMark Financial Earnings Call This Week | PairCorr |
| 0.47 | MA | Mastercard | PairCorr |
| 0.47 | BEN | Franklin Resources Fiscal Year End 29th of October 2024 | PairCorr |
The ability to find closely correlated positions to DTF Tax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DTF Tax 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 DTF Tax - 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 DTF Tax Free to buy it.
The correlation of DTF Tax 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 DTF Tax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DTF Tax Free 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 DTF Tax 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTF Tax Free. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for DTF Stock analysis
When running DTF Tax's price analysis, check to measure DTF Tax'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 DTF Tax is operating at the current time. Most of DTF Tax's value examination focuses on studying past and present price action to predict the probability of DTF Tax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DTF Tax's price. Additionally, you may evaluate how the addition of DTF Tax to your portfolios can decrease your overall portfolio volatility.
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Is DTF Tax'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 DTF Tax. If investors know DTF 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 DTF Tax 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 0.536 | Dividend Share 0.39 | Earnings Share 0.44 | Revenue Per Share 0.559 | Quarterly Revenue Growth (0.37) |
The market value of DTF Tax Free is measured differently than its book value, which is the value of DTF that is recorded on the company's balance sheet. Investors also form their own opinion of DTF Tax's value that differs from its market value or its book value, called intrinsic value, which is DTF Tax'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 DTF Tax's market value can be influenced by many factors that don't directly affect DTF Tax'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 DTF Tax's value and its price as these two are different measures arrived at by different means. Investors typically determine if DTF Tax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DTF Tax'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.