DHT Other Stockholder Equity vs Other Current 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 Other Stockholder Equity and its Other Current 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.

Other Stockholder Equity vs Other Current Liab

Other Stockholder Equity vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DHT Holdings Other Stockholder Equity account and Other Current Liab. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between DHT Holdings' Other Stockholder Equity and Other Current Liab is 0.43. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Other Current 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' Other Stockholder Equity and Other Current 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 Other Stockholder Equity of DHT Holdings are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Other Stockholder Equity i.e., DHT Holdings' Other Stockholder Equity and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Other Stockholder Equity

Other Current 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

Interest Income Tax Provision

DHT Holdings fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Other Liab	Retained Earnings	Accounts Payable	Long Term Debt	Other Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Net Debt	Net Receivables	Common Stock Total Equity	Total Current Assets	Short Term Debt
Total Assets		0.42	0.84	0.86	1.0	1.0	0.48	-0.48	0.86	0.84	0.9	0.85	0.8	-0.28	-0.63	0.62	0.82	0.08	0.86	0.98	0.86	0.85	0.66	0.71	0.74	0.11
Other Current Liab	0.42		0.23	0.46	0.41	0.4	-0.19	-0.49	0.42	0.21	0.43	0.22	0.36	0.39	-0.18	0.03	0.18	-0.01	0.39	0.4	0.22	0.16	0.21	0.33	0.4	-0.27
Total Current Liabilities	0.84	0.23		0.59	0.83	0.82	0.61	-0.4	0.62	0.89	0.64	0.92	0.57	-0.42	-0.62	0.51	0.88	0.13	0.6	0.81	0.93	0.93	0.76	0.47	0.68	0.33
Total Stockholder Equity	0.86	0.46	0.59		0.87	0.86	0.29	-0.58	0.98	0.55	0.87	0.57	0.96	-0.15	-0.6	0.75	0.53	0.22	0.86	0.87	0.6	0.59	0.56	0.91	0.65	-0.01
Property Plant And Equipment Net	1.0	0.41	0.83	0.87		1.0	0.48	-0.48	0.86	0.83	0.9	0.84	0.8	-0.31	-0.64	0.61	0.81	0.08	0.87	0.98	0.85	0.85	0.63	0.72	0.7	0.08
Non Current Assets Total	1.0	0.4	0.82	0.86	1.0		0.48	-0.44	0.86	0.84	0.89	0.85	0.8	-0.32	-0.6	0.6	0.82	0.07	0.88	0.99	0.85	0.85	0.64	0.72	0.68	0.06
Non Currrent Assets Other	0.48	-0.19	0.61	0.29	0.48	0.48		-0.27	0.32	0.59	0.3	0.6	0.31	-0.41	-0.45	0.4	0.59	-0.04	0.35	0.49	0.6	0.6	0.3	0.27	0.32	0.39
Other Assets	-0.48	-0.49	-0.4	-0.58	-0.48	-0.44	-0.27		-0.51	-0.24	-0.62	-0.27	-0.53	-0.23	0.78	-0.4	-0.2	-0.15	-0.27	-0.43	-0.41	-0.33	-0.23	-0.32	-0.6	-0.17
Common Stock Shares Outstanding	0.86	0.42	0.62	0.98	0.86	0.86	0.32	-0.51		0.57	0.85	0.58	0.96	-0.19	-0.55	0.76	0.55	0.22	0.88	0.88	0.6	0.6	0.65	0.92	0.62	-0.01
Non Current Liabilities Total	0.84	0.21	0.89	0.55	0.83	0.84	0.59	-0.24	0.57		0.56	1.0	0.52	-0.47	-0.5	0.35	1.0	0.07	0.56	0.8	0.98	0.98	0.55	0.43	0.6	0.21
Other Stockholder Equity	0.9	0.43	0.64	0.87	0.9	0.89	0.3	-0.62	0.85	0.56		0.58	0.79	0.0	-0.75	0.68	0.53	0.03	0.81	0.89	0.63	0.61	0.56	0.66	0.71	0.04
Total Liab	0.85	0.22	0.92	0.57	0.84	0.85	0.6	-0.27	0.58	1.0	0.58		0.54	-0.47	-0.52	0.38	0.99	0.08	0.57	0.81	0.98	0.98	0.59	0.44	0.62	0.23
Property Plant And Equipment Gross	0.8	0.36	0.57	0.96	0.8	0.8	0.31	-0.53	0.96	0.52	0.79	0.54		-0.22	-0.54	0.83	0.51	0.3	0.84	0.83	0.57	0.56	0.58	0.94	0.6	-0.06
Other Liab	-0.28	0.39	-0.42	-0.15	-0.31	-0.32	-0.41	-0.23	-0.19	-0.47	0.0	-0.47	-0.22		-0.1	-0.13	-0.49	-0.38	-0.32	-0.3	-0.43	-0.51	-0.23	-0.31	0.08	0.01
Retained Earnings	-0.63	-0.18	-0.62	-0.6	-0.64	-0.6	-0.45	0.78	-0.55	-0.5	-0.75	-0.52	-0.54	-0.1		-0.58	-0.46	-0.11	-0.34	-0.6	-0.64	-0.59	-0.37	-0.32	-0.64	-0.47
Accounts Payable	0.62	0.03	0.51	0.75	0.61	0.6	0.4	-0.4	0.76	0.35	0.68	0.38	0.83	-0.13	-0.58		0.34	0.1	0.67	0.65	0.42	0.41	0.56	0.73	0.57	0.2
Long Term Debt	0.82	0.18	0.88	0.53	0.81	0.82	0.59	-0.2	0.55	1.0	0.53	0.99	0.51	-0.49	-0.46	0.34		0.08	0.54	0.78	0.97	0.97	0.55	0.42	0.58	0.21
Other Current Assets	0.08	-0.01	0.13	0.22	0.08	0.07	-0.04	-0.15	0.22	0.07	0.03	0.08	0.3	-0.38	-0.11	0.1	0.08		0.06	0.12	0.12	0.13	0.17	0.29	0.12	0.0
Common Stock	0.86	0.39	0.6	0.86	0.87	0.88	0.35	-0.27	0.88	0.56	0.81	0.57	0.84	-0.32	-0.34	0.67	0.54	0.06		0.91	0.54	0.57	0.62	0.88	0.48	-0.13
Property Plant Equipment	0.98	0.4	0.81	0.87	0.98	0.99	0.49	-0.43	0.88	0.8	0.89	0.81	0.83	-0.3	-0.6	0.65	0.78	0.12	0.91		0.8	0.81	0.68	0.78	0.66	0.05
Short Long Term Debt Total	0.86	0.22	0.93	0.6	0.85	0.85	0.6	-0.41	0.6	0.98	0.63	0.98	0.57	-0.43	-0.64	0.42	0.97	0.12	0.54	0.8		0.99	0.57	0.43	0.67	0.29
Net Debt	0.85	0.16	0.93	0.59	0.85	0.85	0.6	-0.33	0.6	0.98	0.61	0.98	0.56	-0.51	-0.59	0.41	0.97	0.13	0.57	0.81	0.99		0.6	0.47	0.57	0.24
Net Receivables	0.66	0.21	0.76	0.56	0.63	0.64	0.3	-0.23	0.65	0.55	0.56	0.59	0.58	-0.23	-0.37	0.56	0.55	0.17	0.62	0.68	0.57	0.6		0.58	0.64	0.29
Common Stock Total Equity	0.71	0.33	0.47	0.91	0.72	0.72	0.27	-0.32	0.92	0.43	0.66	0.44	0.94	-0.31	-0.32	0.73	0.42	0.29	0.88	0.78	0.43	0.47	0.58		0.41	-0.14
Total Current Assets	0.74	0.4	0.68	0.65	0.7	0.68	0.32	-0.6	0.62	0.6	0.71	0.62	0.6	0.08	-0.64	0.57	0.58	0.12	0.48	0.66	0.67	0.57	0.64	0.41		0.38
Short Term Debt	0.11	-0.27	0.33	-0.01	0.08	0.06	0.39	-0.17	-0.01	0.21	0.04	0.23	-0.06	0.01	-0.47	0.2	0.21	0.0	-0.13	0.05	0.29	0.24	0.29	-0.14	0.38

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DHT Holdings Account Relationship Matchups

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

0.89	AM	Antero Midstream Partners	Pair Corr
0.71	EE	Excelerate Energy	Pair Corr
0.68	ET	Energy Transfer LP	Pair Corr
0.65	TK	Teekay	Pair Corr
0.74	DLNG	Dynagas LNG Partners Earnings Call This Week	Pair Corr

Moving against DHT Stock

0.44

NGL

NGL Energy Partners

Pair Corr

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.

Pair Correlation Correlation Matching

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.

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