Danaos Property Plant And Equipment Net vs Cash And Short Term Investments Analysis
DAC Stock | USD 83.32 0.50 0.60% |
Danaos financial indicator trend analysis is much more than just examining Danaos latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Danaos is a good investment. Please check the relationship between Danaos Property Plant And Equipment Net and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Danaos. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Danaos Stock refer to our How to Trade Danaos Stock guide.
Property Plant And Equipment Net vs Cash And Short Term Investments
Property Plant And Equipment Net vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Danaos Property Plant And Equipment Net account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Danaos' Property Plant And Equipment Net and Cash And Short Term Investments is -0.1. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Danaos, assuming nothing else is changed. The correlation between historical values of Danaos' Property Plant And Equipment Net and Cash And Short Term Investments 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 Danaos are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., Danaos' Property Plant And Equipment Net and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.1 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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 And Short Term Investments
Short Term Investments is an account in the current assets section of Danaos balance sheet. This account contains Danaos investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Danaos fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Danaos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Danaos 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 Danaos. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Danaos Stock refer to our How to Trade Danaos Stock guide.The current year's Enterprise Value is expected to grow to about 1.9 B, whereas Selling General Administrative is forecasted to decline to about 27.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 412.4M | 665.0M | 622.5M | 311.4M | Total Revenue | 689.5M | 993.3M | 952.4M | 512.1M |
Danaos fundamental ratios Correlations
Click cells to compare fundamentals
Danaos Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Danaos fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.7B | 2.7B | 3.6B | 3.4B | 3.7B | 3.1B | |
Other Current Liab | 57.9M | 29.4M | 35.6M | 37.8M | 60.2M | 50.6M | |
Total Current Liabilities | 223.1M | 239.7M | 319.3M | 228.4M | 168.2M | 159.8M | |
Total Stockholder Equity | 881.7M | 1.0B | 2.1B | 2.6B | 3.0B | 3.2B | |
Non Current Assets Total | 2.5B | 2.6B | 3.0B | 3.0B | 3.2B | 2.9B | |
Non Currrent Assets Other | 62.3M | 37.8M | 53.5M | 115.5M | 110.6M | 129.8M | |
Common Stock Shares Outstanding | 16.2M | 23.8M | 20.6M | 20.5M | 19.9M | 10.3M | |
Liabilities And Stockholders Equity | 2.7B | 2.7B | 3.6B | 3.4B | 3.7B | 3.1B | |
Non Current Liabilities Total | 1.6B | 1.4B | 1.2B | 611.4M | 476.7M | 452.8M | |
Other Current Assets | 13.6M | 14.3M | 27.2M | 29.3M | 46.0M | 48.3M | |
Other Stockholder Equity | 785.3M | 755.4M | 770.7M | 748.1M | 690.2M | 573.9M | |
Total Liab | 1.8B | 1.7B | 1.5B | 839.8M | 644.8M | 612.6M | |
Total Current Assets | 190.4M | 118.4M | 632.5M | 372.5M | 501.8M | 526.9M | |
Common Stock | 248K | 204K | 207K | 203K | 194K | 184.3K | |
Short Long Term Debt Total | 1.5B | 1.5B | 1.3B | 502.0M | 404.2M | 384.0M | |
Other Liab | 185.7M | 156.2M | 62.4M | 164.4M | 189.1M | 154.0M | |
Property Plant And Equipment Net | 2.4B | 2.5B | 2.9B | 2.9B | 3.0B | 2.8B | |
Current Deferred Revenue | 18.0M | 19.5M | 83.2M | 111.1M | 63.8M | 67.0M | |
Net Debt | 1.4B | 1.4B | 1.2B | 234.3M | 132.4M | 125.7M | |
Retained Earnings | 213.1M | 366.7M | 1.4B | 1.9B | 2.4B | 2.5B | |
Accounts Payable | 11.2M | 10.6M | 18.9M | 24.5M | 22.8M | 13.8M | |
Cash | 139.2M | 65.7M | 129.4M | 267.7M | 271.8M | 285.4M | |
Other Assets | 62.3M | 37.8M | 53.5M | 306.2M | 352.1M | 369.8M | |
Long Term Debt | 1.3B | 1.2B | 1.0B | 402.4M | 382.9M | 363.7M | |
Cash And Short Term Investments | 139.2M | 65.7M | 552.4M | 267.7M | 357.8M | 375.7M | |
Net Receivables | 27.7M | 28.0M | 37.9M | 54.8M | 73.4M | 77.1M | |
Inventory | 8.5M | 9.6M | 12.6M | 16.1M | 24.5M | 25.7M | |
Property Plant And Equipment Gross | 2.4B | 2.5B | 4.0B | 4.1B | 4.4B | 3.0B | |
Accumulated Other Comprehensive Income | (116.9M) | (86.7M) | (71.5M) | (74.2M) | (76.0M) | (79.8M) | |
Short Term Debt | 136.0M | 180.2M | 181.6M | 55.0M | 21.3M | 20.2M | |
Property Plant Equipment | 2.4B | 2.5B | 2.9B | 2.7B | 3.1B | 2.9B | |
Net Tangible Assets | 881.7M | 1.0B | 2.1B | 2.6B | 2.9B | 3.1B | |
Deferred Long Term Liab | 11.5M | 17.3M | 11.8M | 25.6M | 23.0M | 17.9M | |
Long Term Investments | 36.3M | 40.4M | 78.2M | 0.0 | 270K | 256.5K | |
Short Long Term Debt | 119.7M | 155.7M | 95.8M | 27.5M | 21.3M | 20.2M | |
Long Term Debt Total | 1.3B | 1.2B | 1.0B | 447.0M | 402.3M | 790.1M | |
Capital Surpluse | 785.3M | 755.4M | 770.7M | 748.1M | 860.3M | 746.0M |
Pair Trading with Danaos
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 Danaos 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 Danaos will appreciate offsetting losses from the drop in the long position's value.Moving together with Danaos Stock
0.63 | SB-PC | Safe Bulkers | PairCorr |
Moving against Danaos Stock
0.47 | EDRY | EuroDry Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Danaos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danaos 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 Danaos - 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 Danaos to buy it.
The correlation of Danaos 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 Danaos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danaos 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 Danaos 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 Danaos. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Danaos Stock refer to our How to Trade Danaos Stock guide.Note that the Danaos information on this page should be used as a complementary analysis to other Danaos' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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Is Danaos' 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 Danaos. If investors know Danaos 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 Danaos 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 0.021 | Dividend Share 3.1 | Earnings Share 28.95 | Revenue Per Share 48.975 | Quarterly Revenue Growth (0.01) |
The market value of Danaos is measured differently than its book value, which is the value of Danaos that is recorded on the company's balance sheet. Investors also form their own opinion of Danaos' value that differs from its market value or its book value, called intrinsic value, which is Danaos' 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 Danaos' market value can be influenced by many factors that don't directly affect Danaos' 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 Danaos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Danaos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danaos' 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.