Desktop Cash and Equivalents vs Average Assets Analysis

DM Stock  USD 0.87  0.09  11.54%   
Trend analysis of Desktop Metal balance sheet accounts such as Total Current Liabilities of 58.1 M provides information on Desktop Metal's total assets, liabilities, and equity, which is the actual value of Desktop Metal to its prevalent stockholders. By breaking down trends over time using Desktop Metal balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desktop Metal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.

About Desktop Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Desktop Metal at a specified time, usually calculated after every quarter, six months, or one year. Desktop Metal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Desktop Metal and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Desktop currently owns. An asset can also be divided into two categories, current and non-current.

Desktop Metal Balance Sheet Chart

Desktop Metal Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Desktop Metal uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Desktop Metal's Total Liabilities is very stable compared to the past year. As of the 27th of March 2024, Total Current Assets is likely to grow to about 312 M, while Total Current Liabilities is likely to drop about 58.1 M.

Total Assets

Total assets refers to the total amount of Desktop Metal assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Desktop Metal books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Desktop Metal balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Desktop Metal are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Accounts Payable

An accounting item on the balance sheet that represents Desktop Metal 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 Desktop Metal 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 Desktop Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Desktop Metal 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 Desktop Metal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.As of the 27th of March 2024, Tax Provision is likely to drop to about (599.5 K). In addition to that, Selling General Administrative is likely to drop to about 56.7 M
 2021 2022 2023 2024 (projected)
Depreciation And Amortization24.9M50.8M53.6M30.7M
Interest Income12.0M10.1M944K896.8K

Desktop Metal fundamental ratios Correlations

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0.840.970.730.56-0.810.80.160.660.330.980.80.90.950.940.950.870.520.67-0.280.970.740.980.890.250.88
0.910.970.830.59-0.740.860.20.740.410.980.770.880.920.960.940.820.60.68-0.30.920.680.950.960.180.94
0.970.730.830.77-0.370.610.490.90.740.780.650.680.640.690.780.50.80.74-0.130.610.290.710.85-0.310.89
0.810.560.590.77-0.530.120.820.510.870.620.80.760.590.420.750.60.870.940.160.440.50.650.58-0.50.57
-0.59-0.81-0.74-0.37-0.53-0.52-0.27-0.18-0.24-0.79-0.78-0.92-0.87-0.73-0.85-0.98-0.46-0.690.25-0.8-0.98-0.88-0.64-0.28-0.55
0.660.80.860.610.12-0.52-0.160.630.080.770.360.580.690.880.680.560.30.28-0.580.780.440.70.820.390.8
0.480.160.20.490.82-0.27-0.160.140.930.180.370.430.18-0.010.440.250.880.83-0.09-0.020.230.250.15-0.840.13
0.840.660.740.90.51-0.180.630.140.430.70.470.50.490.630.580.340.490.43-0.050.570.090.590.79-0.070.9
0.690.330.410.740.87-0.240.080.930.430.370.460.490.320.210.580.270.950.86-0.110.160.180.380.39-0.810.38
0.890.980.980.780.62-0.790.770.180.70.370.860.910.960.950.950.870.550.69-0.160.960.740.980.940.230.91
0.780.80.770.650.8-0.780.360.370.470.460.860.890.90.740.860.870.550.770.240.80.790.890.760.080.7
0.850.90.880.680.76-0.920.580.430.50.490.910.890.910.810.950.960.680.84-0.180.830.880.960.820.080.78
0.780.950.920.640.59-0.870.690.180.490.320.960.90.910.930.940.920.490.69-0.120.960.850.980.860.290.78
0.790.940.960.690.42-0.730.88-0.010.630.210.950.740.810.930.870.810.410.51-0.240.940.70.910.940.390.88
0.890.950.940.780.75-0.850.680.440.580.580.950.860.950.940.870.880.730.86-0.270.880.780.970.86-0.010.81
0.70.870.820.50.6-0.980.560.250.340.270.870.870.960.920.810.880.490.7-0.140.850.970.930.760.290.68
0.810.520.60.80.87-0.460.30.880.490.950.550.550.680.490.410.730.490.92-0.280.340.390.560.57-0.640.54
0.810.670.680.740.94-0.690.280.830.430.860.690.770.840.690.510.860.70.92-0.160.550.630.750.6-0.460.56
-0.15-0.28-0.3-0.130.160.25-0.58-0.09-0.05-0.11-0.160.24-0.18-0.12-0.24-0.27-0.14-0.28-0.16-0.18-0.15-0.17-0.150.04-0.14
0.730.970.920.610.44-0.80.78-0.020.570.160.960.80.830.960.940.880.850.340.55-0.180.750.960.840.410.81
0.520.740.680.290.5-0.980.440.230.090.180.740.790.880.850.70.780.970.390.63-0.150.750.830.60.330.48
0.850.980.950.710.65-0.880.70.250.590.380.980.890.960.980.910.970.930.560.75-0.170.960.830.880.210.84
0.920.890.960.850.58-0.640.820.150.790.390.940.760.820.860.940.860.760.570.6-0.150.840.60.880.190.97
-0.170.250.18-0.31-0.5-0.280.39-0.84-0.07-0.810.230.080.080.290.39-0.010.29-0.64-0.460.040.410.330.210.190.15
0.930.880.940.890.57-0.550.80.130.90.380.910.70.780.780.880.810.680.540.56-0.140.810.480.840.970.15
Click cells to compare fundamentals

Desktop Metal Account Relationship Matchups

Desktop Metal fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets33.0M641.9M1.4B754.3M498.6M607.7M
Other Current Liab1.5M7.6M33.8M26.7M32.4M19.9M
Total Current Liabilities7.7M30.5M102.1M83.4M70.1M58.1M
Total Stockholder Equity25.4M609.3M1.2B527.5M241.7M229.6M
Net Tangible Assets153.4M597.6M347.1M194.7M223.9M243.6M
Retained Earnings28.5M(384.7M)(568.6M)(1.3B)(1.6B)(1.6B)
Accounts Payable2.5M7.6M29.6M25.1M18.2M17.9M
Cash14.9M483.5M65.0M76.3M84.1M132.7M
Other Assets2.9M5.5M46.9M4.7M5.4M5.2M
Cash And Short Term Investments14.9M595.4M269.6M184.5M84.7M80.5M
Net Receivables3.3M6.5M46.7M38.5M37.7M24.9M
Common Stock Shares Outstanding224.6M157.9M260.8M314.8M322.2M240.5M
Liabilities And Stockholders Equity33.0M641.9M1.4B754.3M498.6M607.7M
Capital Surpluse2.3M993.9M1.8B1.9B2.2B2.3B
Inventory8.9M9.7M65.4M91.7M82.6M48.1M
Other Current Assets716K26K16.2M17.2M11.1M8.8M
Other Stockholder Equity(288.8M)993.9M1.8B1.9B1.9B1.2B
Total Liab7.7M32.7M138.2M226.8M257.0M269.8M
Total Current Assets30.7M612.6M400.0M336.4M216.1M312.0M
Short Term Debt600K10.9M6.4M6.3M7.7M5.9M
Common Stock289.3M23K31K32K33K31.4K
Property Plant Equipment18.4M12.2M58.7M56.3M64.7M36.7M

Pair Trading with Desktop Metal

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 Desktop Metal 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 Desktop Metal will appreciate offsetting losses from the drop in the long position's value.

Moving against Desktop Stock

  0.42RGTIW Rigetti ComputingPairCorr
The ability to find closely correlated positions to Desktop Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Desktop Metal 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 Desktop Metal - 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 Desktop Metal to buy it.
The correlation of Desktop Metal 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 Desktop Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desktop Metal 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 Desktop Metal 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 Desktop Metal is a strong investment it is important to analyze Desktop Metal's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Desktop Metal's future performance. For an informed investment choice regarding Desktop Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Desktop Metal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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Is Desktop Metal'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 Desktop Metal. If investors know Desktop 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 Desktop Metal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.00)
Revenue Per Share
0.589
Quarterly Revenue Growth
(0.14)
Return On Assets
(0.16)
Return On Equity
(0.84)
The market value of Desktop Metal is measured differently than its book value, which is the value of Desktop that is recorded on the company's balance sheet. Investors also form their own opinion of Desktop Metal's value that differs from its market value or its book value, called intrinsic value, which is Desktop Metal'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 Desktop Metal's market value can be influenced by many factors that don't directly affect Desktop Metal'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 Desktop Metal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Desktop Metal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Desktop Metal'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.