DHT Long Term Debt vs Other Liab Analysis
DHT Stock | USD 11.26 0.10 0.88% |
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 Long Term Debt and its Other Liab 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 closely tied 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.
Long Term Debt vs Other Liab
Long Term Debt vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DHT Holdings Long Term Debt account and Other Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between DHT Holdings' Long Term Debt and Other Liab is -0.49. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Other Liab 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' Long Term Debt and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of DHT Holdings are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Long Term Debt i.e., DHT Holdings' Long Term Debt and Other Liab go up and down completely randomly.
Correlation Coefficient | -0.49 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that DHT Holdings has held for over one year. Long-term debt appears on DHT Holdings balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on DHT Holdings balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Other Liab
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 closely tied 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
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0.68 | ET | Energy Transfer LP | PairCorr |
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0.74 | DLNG | Dynagas LNG Partners Earnings Call This Week | PairCorr |
Moving against DHT Stock
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.Additional Tools for DHT Stock Analysis
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.