Despegar Free Cash Flow vs Current Ratio Analysis

DESP Stock  USD 11.96  0.23  1.89%   
Despegar Corp financial indicator trend analysis is much more than just examining Despegar Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Despegar Corp is a good investment. Please check the relationship between Despegar Corp Free Cash Flow and its Current Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Despegar Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
To learn how to invest in Despegar Stock, please use our How to Invest in Despegar Corp guide.

Free Cash Flow vs Current Ratio

Free Cash Flow vs Current Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Despegar Corp Free Cash Flow account and Current Ratio. At this time, the significance of the direction appears to have very week relationship.
The correlation between Despegar Corp's Free Cash Flow and Current Ratio is 0.25. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Current Ratio in the same time period over historical financial statements of Despegar Corp, assuming nothing else is changed. The correlation between historical values of Despegar Corp's Free Cash Flow and Current Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Despegar Corp are associated (or correlated) with its Current Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Ratio has no effect on the direction of Free Cash Flow i.e., Despegar Corp's Free Cash Flow and Current Ratio go up and down completely randomly.

Correlation Coefficient

0.25
Relationship DirectionPositive 
Relationship StrengthVery Weak

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.
Most indicators from Despegar Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Despegar Corp 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 Despegar Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
To learn how to invest in Despegar Stock, please use our How to Invest in Despegar Corp guide.As of 03/29/2024, Tax Provision is likely to grow to about 20.1 M, while Selling General Administrative is likely to drop slightly above 91.2 M.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization44.6M41.1M36.5M31.4M
Interest Income6.0M18.0M20.7M21.7M

Despegar Corp fundamental ratios Correlations

0.90.670.860.410.460.170.81-0.75-0.77-0.40.920.880.790.520.740.840.760.740.990.60.760.550.72-0.540.96
0.90.610.860.080.7-0.20.93-0.68-0.45-0.630.920.620.950.520.870.560.540.920.860.790.790.780.71-0.380.86
0.670.610.9-0.040.46-0.050.4-0.25-0.29-0.510.810.40.560.440.630.330.80.610.650.660.760.120.84-0.320.66
0.860.860.90.00.66-0.140.71-0.42-0.42-0.660.980.570.830.520.820.510.720.850.840.790.870.460.89-0.310.82
0.410.08-0.040.0-0.520.930.06-0.62-0.860.650.070.75-0.15-0.13-0.290.770.51-0.250.5-0.33-0.05-0.17-0.12-0.630.47
0.460.70.460.66-0.52-0.720.74-0.030.12-0.850.680.060.880.640.850.010.020.910.380.660.490.670.710.180.39
0.17-0.2-0.05-0.140.93-0.72-0.27-0.38-0.710.78-0.130.56-0.44-0.26-0.510.590.48-0.50.27-0.47-0.17-0.49-0.22-0.580.25
0.810.930.40.710.060.74-0.27-0.63-0.42-0.580.810.580.940.620.850.530.30.890.760.630.60.840.62-0.330.77
-0.75-0.68-0.25-0.42-0.62-0.03-0.38-0.630.71-0.01-0.52-0.79-0.45-0.3-0.41-0.75-0.61-0.34-0.75-0.41-0.53-0.44-0.30.79-0.81
-0.77-0.45-0.29-0.42-0.860.12-0.71-0.420.71-0.2-0.49-0.97-0.26-0.21-0.18-0.98-0.69-0.19-0.82-0.02-0.32-0.14-0.290.63-0.76
-0.4-0.63-0.51-0.660.65-0.850.78-0.58-0.01-0.2-0.65-0.01-0.77-0.51-0.890.04-0.08-0.82-0.31-0.79-0.65-0.67-0.64-0.25-0.27
0.920.920.810.980.070.68-0.130.81-0.52-0.49-0.650.650.890.530.850.590.680.890.890.780.870.580.85-0.340.87
0.880.620.40.570.750.060.560.58-0.79-0.97-0.010.650.450.360.390.990.740.380.910.230.490.30.45-0.650.86
0.790.950.560.83-0.150.88-0.440.94-0.45-0.26-0.770.890.450.590.930.390.330.990.730.760.70.830.73-0.140.71
0.520.520.440.52-0.130.64-0.260.62-0.3-0.21-0.510.530.360.590.710.330.250.570.410.470.460.270.8-0.350.54
0.740.870.630.82-0.290.85-0.510.85-0.41-0.18-0.890.850.390.930.710.330.370.930.650.850.790.750.81-0.130.65
0.840.560.330.510.770.010.590.53-0.75-0.980.040.590.990.390.330.330.680.310.860.170.450.260.4-0.640.82
0.760.540.80.720.510.020.480.3-0.61-0.69-0.080.680.740.330.250.370.680.320.790.440.680.00.6-0.630.79
0.740.920.610.85-0.250.91-0.50.89-0.34-0.19-0.820.890.380.990.570.930.310.320.690.780.710.790.75-0.060.66
0.990.860.650.840.50.380.270.76-0.75-0.82-0.310.890.910.730.410.650.860.790.690.530.720.50.66-0.550.95
0.60.790.660.79-0.330.66-0.470.63-0.41-0.02-0.790.780.230.760.470.850.170.440.780.530.930.570.74-0.230.6
0.760.790.760.87-0.050.49-0.170.6-0.53-0.32-0.650.870.490.70.460.790.450.680.710.720.930.430.8-0.40.77
0.550.780.120.46-0.170.67-0.490.84-0.44-0.14-0.670.580.30.830.270.750.260.00.790.50.570.430.260.050.41
0.720.710.840.89-0.120.71-0.220.62-0.3-0.29-0.640.850.450.730.80.810.40.60.750.660.740.80.26-0.330.74
-0.54-0.38-0.32-0.31-0.630.18-0.58-0.330.790.63-0.25-0.34-0.65-0.14-0.35-0.13-0.64-0.63-0.06-0.55-0.23-0.40.05-0.33-0.7
0.960.860.660.820.470.390.250.77-0.81-0.76-0.270.870.860.710.540.650.820.790.660.950.60.770.410.74-0.7
Click cells to compare fundamentals

Despegar Corp Account Relationship Matchups

Despegar Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets767.8M844.7M823.7M804.2M902.9M775.4M
Short Long Term Debt Total26.8M53.2M54.6M58.3M53.8M36.1M
Other Current Liab150.0M95.1M122.9M159.2M197.4M147.3M
Total Current Liabilities444.1M385.5M473.8M564.5M671.1M474.7M
Total Stockholder Equity194.2M92.9M(29.5M)(127.2M)(121.3M)(115.2M)
Other Liab127.2M131.7M180.4M174.5M200.7M164.0M
Net Tangible Assets173.9M97.7M(126.0M)(239.9M)(215.9M)(205.1M)
Property Plant And Equipment Net29.1M54.2M41.8M38.0M38.4M32.5M
Current Deferred Revenue8.9M9.3M13.6M23.3M31.8M16.7M
Net Debt(282.4M)(281.3M)(191.5M)(160.9M)(186.7M)(196.1M)
Retained Earnings(326.5M)(468.0M)(572.6M)(643.3M)(614.3M)(645.0M)
Accounts Payable261.4M262.0M315.1M345.9M407.3M282.0M
Cash309.2M334.4M246.1M219.2M240.5M274.4M
Non Current Assets Total151.4M342.4M336.8M339.1M359.8M236.6M
Non Currrent Assets Other25.4M72.0M14.9M8.2M78.9M82.8M
Other Assets12.8M25.4M71.8M81.9M94.2M98.9M
Cash And Short Term Investments309.2M334.4M246.1M219.2M240.5M279.3M
Net Receivables233.1M87.8M152.0M173.9M224.0M186.9M
Good Will47.3M117.8M122.4M138.6M149.5M89.0M
Common Stock Total Equity253.5M255.3M261.6M265.7M305.6M190.0M
Common Stock Shares Outstanding69.5M68.0M76.7M76.8M77.2M77.6M
Liabilities And Stockholders Equity767.8M844.7M823.7M804.2M902.9M775.4M
Non Current Liabilities Total129.5M366.4M376.9M366.9M171.6M240.4M
Inventory4.5M16.1M33.1M25.9M23.3M17.3M
Other Current Assets69.7M64.0M55.8M46.2M78.6M51.5M
Other Stockholder Equity258.7M173.1M125.5M77.3M212.4M185.1M
Total Liab573.6M751.9M850.6M931.3M842.7M715.1M
Property Plant And Equipment Gross62.8M54.2M41.8M38.0M43.7M36.0M
Short Long Term Debt19.2M8.9M15.3M29.9M34.4M36.1M
Total Current Assets616.4M502.3M487.0M465.1M543.1M538.8M
Accumulated Other Comprehensive Income447K(16.4M)(18.6M)(16.8M)(11.7M)(11.1M)
Short Term Debt23.8M19.1M22.2M36.0M34.6M22.5M
Intangible Assets49.6M98.4M88.5M91.5M105.2M63.2M
Common Stock261.6M265.7M279.9M287.6M292.2M231.7M
Property Plant Equipment19.7M62.8M58.7M44.5M51.2M36.3M
Non Current Liabilities Other5.3M66.3M63.3M51.4M59.2M34.3M
Net Invested Capital213.4M112.2M(2.8M)(92.1M)(82.9M)(78.7M)
Net Working Capital175.6M116.8M13.2M(99.4M)(89.4M)(85.0M)
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 Despegar Corp 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, Despegar Corp's short interest history, or implied volatility extrapolated from Despegar Corp options trading.

Pair Trading with Despegar Corp

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 Despegar Corp 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 Despegar Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Despegar Stock

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The ability to find closely correlated positions to Despegar Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Despegar Corp 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 Despegar Corp - 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 Despegar Corp to buy it.
The correlation of Despegar Corp 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 Despegar Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Despegar Corp 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 Despegar Corp 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 CorrelationCorrelation Matching
When determining whether Despegar Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Despegar Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Despegar Corp Stock. Highlighted below are key reports to facilitate an investment decision about Despegar Corp Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Despegar Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
To learn how to invest in Despegar Stock, please use our How to Invest in Despegar Corp guide.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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Is Despegar Corp'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 Despegar Corp. If investors know Despegar 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 Despegar Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.88)
Revenue Per Share
9.149
Quarterly Revenue Growth
0.399
Return On Assets
0.0511
Return On Equity
0.5739
The market value of Despegar Corp is measured differently than its book value, which is the value of Despegar that is recorded on the company's balance sheet. Investors also form their own opinion of Despegar Corp's value that differs from its market value or its book value, called intrinsic value, which is Despegar Corp'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 Despegar Corp's market value can be influenced by many factors that don't directly affect Despegar Corp'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 Despegar Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Despegar Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Despegar Corp'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.