DHT Cash And Equivalents vs Accounts Payable Analysis
DHT Stock | USD 12.75 0.00 0.00% |
DHT Holdings financial indicator trend analysis is much more than just examining DHT Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DHT Holdings is a good investment. Please check the relationship between DHT Holdings Cash And Equivalents and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DHT Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy DHT Stock please use our How to Invest in DHT Holdings guide.
Cash And Equivalents vs Accounts Payable
Cash And Equivalents vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DHT Holdings Cash And Equivalents account and Accounts Payable. At this time, the significance of the direction appears to have very week relationship.
The correlation between DHT Holdings' Cash And Equivalents and Accounts Payable is 0.28. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of DHT Holdings, assuming nothing else is changed. The correlation between historical values of DHT Holdings' Cash And Equivalents and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of DHT Holdings are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash And Equivalents i.e., DHT Holdings' Cash And Equivalents and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash And Equivalents
Accounts Payable
An accounting item on the balance sheet that represents DHT Holdings obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of DHT Holdings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from DHT Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DHT 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DHT Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy DHT Stock please use our How to Invest in DHT Holdings guide.At this time, DHT Holdings' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 9.01 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.03 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 6K | 1.1M | 4.5M | 4.2M | Tax Provision | 360K | 587K | 532K | 360.2K |
DHT Holdings fundamental ratios Correlations
Click cells to compare fundamentals
DHT Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DHT Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.8B | 1.6B | 1.6B | 1.5B | 1.5B | 992.1M | |
Other Current Liab | 21.0M | 25.5M | 16.2M | 16.0M | 11.3M | 11.4M | |
Total Current Liabilities | 130.2M | 47.9M | 41.9M | 64.4M | 56.6M | 46.9M | |
Total Stockholder Equity | 932.4M | 1.1B | 1.0B | 1.1B | 1.0B | 1.1B | |
Property Plant And Equipment Net | 1.6B | 1.5B | 1.5B | 1.3B | 1.3B | 864.0M | |
Non Current Assets Total | 1.6B | 1.5B | 1.5B | 1.3B | 1.3B | 879.6M | |
Other Assets | 0.0 | 11.7M | 17.3M | 4.6M | 4.1M | 3.9M | |
Common Stock Shares Outstanding | 168.2M | 170.1M | 169.1M | 164.9M | 162.4M | 170.5M | |
Liabilities And Stockholders Equity | 1.8B | 1.6B | 1.6B | 1.5B | 1.5B | 992.1M | |
Non Current Liabilities Total | 764.5M | 465.1M | 520.1M | 370.6M | 404.0M | 451.5M | |
Other Stockholder Equity | 1.2B | 1.3B | 1.3B | 1.2B | 1.2B | 654.1M | |
Total Liab | 894.8M | 513.0M | 562.0M | 435.0M | 460.6M | 498.4M | |
Property Plant And Equipment Gross | 1.6B | 1.5B | 2.2B | 2.0B | 2.1B | 2.2B | |
Other Liab | 2.7M | 4.0M | 3.3M | 3.5M | 3.2M | 2.2M | |
Retained Earnings | (240.2M) | (188.7M) | (222.4M) | (180.7M) | (206.5M) | (196.2M) | |
Accounts Payable | 7.9M | 2.8M | 11.1M | 14.6M | 9.2M | 9.7M | |
Long Term Debt | 750.6M | 446.6M | 512.5M | 367.1M | 398.4M | 461.3M | |
Other Current Assets | 4.2M | 1.0M | 1.4M | 2.8M | 16.1M | 16.9M | |
Common Stock | 1.5M | 1.7M | 1.7M | 1.6M | 1.6M | 964.1K | |
Property Plant Equipment | 1.6B | 1.5B | 1.5B | 1.3B | 1.5B | 902.0M | |
Short Long Term Debt Total | 851.0M | 450.0M | 522.3M | 396.7M | 434.6M | 488.1M | |
Net Debt | 783.6M | 381.3M | 461.6M | 270.7M | 359.8M | 406.3M | |
Net Receivables | 107.8M | 30.1M | 30.4M | 59.5M | 75.8M | 38.0M | |
Common Stock Total Equity | 1.4M | 1.4M | 1.5M | 1.7M | 2.0M | 2.1M | |
Total Current Assets | 218.3M | 118.3M | 132.0M | 235.6M | 200.5M | 135.1M | |
Accumulated Other Comprehensive Income | 1.6M | 4.4M | 4.1M | 3.8M | 3.8M | 4.0M | |
Short Term Debt | 100.4M | 3.4M | 9.8M | 29.6M | 31.7M | 42.5M | |
Current Deferred Revenue | 930K | 16.2M | 4.9M | 4.2M | 4.4M | 6.7M | |
Cash | 67.4M | 68.6M | 60.7M | 125.9M | 74.7M | 86.1M | |
Cash And Short Term Investments | 67.4M | 68.6M | 60.7M | 125.9M | 74.7M | 86.1M | |
Inventory | 34.1M | 11.9M | 33.4M | 33.1M | 33.8M | 19.1M | |
Net Tangible Assets | 931.0M | 1.1B | 1.0B | 1.1B | 1.2B | 912.9M | |
Long Term Investments | 4.0M | 4.4M | 4.8M | 5.2M | 5.4M | 0.0 | |
Short Long Term Debt | 100.4M | 3.4M | 9.8M | 29.6M | 30.3M | 44.9M | |
Long Term Debt Total | 873.5M | 752.8M | 446.6M | 512.5M | 461.3M | 521.0M | |
Capital Surpluse | 1.1B | 1.2B | 1.3B | 1.3B | 1.5B | 1.2B | |
Intangible Assets | 3.4M | 2.4M | 1.4M | 452K | 406.8K | 386.5K | |
Non Current Liabilities Other | 2.7M | 4.0M | 3.3M | 3.5M | 5.5M | 5.8M | |
Cash And Equivalents | 94.3M | 67.4M | 68.6M | 60.7M | 54.6M | 57.1M |
Pair Trading with DHT Holdings
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 DHT Holdings 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 DHT Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with DHT Stock
0.75 | AM | Antero Midstream Partners | PairCorr |
0.75 | EE | Excelerate Energy | PairCorr |
0.77 | ET | Energy Transfer LP Aggressive Push | PairCorr |
0.73 | TK | Teekay Trending | PairCorr |
Moving against DHT Stock
0.41 | GLP | Global Partners LP | PairCorr |
The ability to find closely correlated positions to DHT Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DHT Holdings 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 DHT Holdings - 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 DHT Holdings to buy it.
The correlation of DHT Holdings 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 DHT Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DHT Holdings 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 DHT Holdings 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 DHT Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy DHT Stock please use our How to Invest in DHT Holdings guide.Note that the DHT Holdings information on this page should be used as a complementary analysis to other DHT Holdings' 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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When running DHT Holdings' price analysis, check to measure DHT Holdings' 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 DHT Holdings is operating at the current time. Most of DHT Holdings' value examination focuses on studying past and present price action to predict the probability of DHT Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DHT Holdings' price. Additionally, you may evaluate how the addition of DHT Holdings to your portfolios can decrease your overall portfolio volatility.
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Is DHT Holdings' 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 DHT Holdings. If investors know DHT 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 DHT Holdings 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 0.261 | Dividend Share 1.05 | Revenue Per Share 3.555 | Quarterly Revenue Growth 0.109 | Return On Assets 0.0857 |
The market value of DHT Holdings is measured differently than its book value, which is the value of DHT that is recorded on the company's balance sheet. Investors also form their own opinion of DHT Holdings' value that differs from its market value or its book value, called intrinsic value, which is DHT Holdings' 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 DHT Holdings' market value can be influenced by many factors that don't directly affect DHT Holdings' 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 DHT Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DHT Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DHT Holdings' 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.