Leonardo Reconciled Depreciation vs Ebit Analysis

DRS Stock

24.66 0.03 0.12%

Leonardo DRS financial indicator trend analysis is infinitely more than just investigating Leonardo DRS Common recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Leonardo DRS Common is a good investment. Please check the relationship between Leonardo DRS Reconciled Depreciation and its Ebit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Leonardo DRS Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Reconciled Depreciation vs Ebit

Reconciled Depreciation vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Leonardo DRS Common Reconciled Depreciation account and Ebit. At this time, the significance of the direction appears to have pay attention.

The correlation between Leonardo DRS's Reconciled Depreciation and Ebit is -0.76. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Ebit in the same time period over historical financial statements of Leonardo DRS Common, assuming nothing else is changed. The correlation between historical values of Leonardo DRS's Reconciled Depreciation and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Leonardo DRS Common are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Reconciled Depreciation i.e., Leonardo DRS's Reconciled Depreciation and Ebit go up and down completely randomly.

Correlation Coefficient

-0.76

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Reconciled Depreciation

Ebit

Most indicators from Leonardo DRS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Leonardo DRS Common 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 Leonardo DRS Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Leonardo DRS's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 12.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 257.2 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	547M	575M	626M	429.7M
Total Revenue	2.9B	2.7B	2.8B	2.2B

Gross Profit Total Revenue

Leonardo DRS fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Long Term Debt Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Cash And Equivalents	Short Term Debt	Common Stock	Property Plant Equipment	Short Term Investments	Short Long Term Debt Total	Other Current Liab	Other Liab	Net Tangible Assets	Property Plant And Equipment Net
Total Assets		0.99	0.98	-0.97	0.93	0.48	0.79	1.0	0.91	0.64	0.65	0.99	0.82	1.0	0.98	1.0	0.72	0.91	0.84	0.99	0.58	-0.86	0.79	-0.86	0.83	0.86
Total Current Liabilities	0.99		0.96	-0.98	0.92	0.5	0.74	1.0	0.88	0.56	0.58	0.98	0.81	1.0	0.99	0.99	0.65	0.94	0.79	0.99	0.52	-0.83	0.75	-0.81	0.78	0.8
Total Stockholder Equity	0.98	0.96		-0.92	0.89	0.42	0.83	0.97	0.92	0.71	0.72	0.99	0.81	0.97	0.93	0.99	0.78	0.85	0.88	0.96	0.67	-0.9	0.85	-0.92	0.89	0.92
Retained Earnings	-0.97	-0.98	-0.92		-0.94	-0.52	-0.75	-0.98	-0.84	-0.57	-0.58	-0.95	-0.84	-0.98	-0.98	-0.95	-0.65	-0.93	-0.8	-0.97	-0.51	0.83	-0.75	0.78	-0.78	-0.78
Other Assets	0.93	0.92	0.89	-0.94		0.5	0.86	0.92	0.87	0.77	0.78	0.93	0.94	0.92	0.93	0.92	0.82	0.85	0.89	0.88	0.61	-0.8	0.77	-0.77	0.84	0.83
Long Term Debt	0.48	0.5	0.42	-0.52	0.5		0.33	0.5	0.62	0.21	0.22	0.46	0.42	0.49	0.53	0.47	0.28	0.5	0.36	0.47	0.05	-0.3	0.28	-0.28	0.29	0.28
Cash And Short Term Investments	0.79	0.74	0.83	-0.75	0.86	0.33		0.76	0.81	0.92	0.93	0.79	0.9	0.75	0.71	0.8	0.96	0.64	0.99	0.72	0.9	-0.87	0.85	-0.9	0.96	0.93
Net Receivables	1.0	1.0	0.97	-0.98	0.92	0.5	0.76		0.89	0.6	0.61	0.99	0.81	1.0	0.99	0.99	0.68	0.93	0.81	0.99	0.54	-0.84	0.77	-0.83	0.8	0.82
Common Stock Shares Outstanding	0.91	0.88	0.92	-0.84	0.87	0.62	0.81	0.89		0.71	0.72	0.92	0.8	0.89	0.86	0.92	0.78	0.79	0.84	0.87	0.56	-0.8	0.75	-0.83	0.82	0.86
Long Term Debt Total	0.64	0.56	0.71	-0.57	0.77	0.21	0.92	0.6	0.71		1.0	0.68	0.79	0.59	0.54	0.66	0.99	0.41	0.92	0.53	0.84	-0.77	0.81	-0.77	0.89	0.86
Capital Surpluse	0.65	0.58	0.72	-0.58	0.78	0.22	0.93	0.61	0.72	1.0		0.69	0.8	0.6	0.55	0.67	0.99	0.43	0.93	0.55	0.84	-0.78	0.82	-0.78	0.9	0.86
Inventory	0.99	0.98	0.99	-0.95	0.93	0.46	0.79	0.99	0.92	0.68	0.69		0.82	0.98	0.96	0.99	0.75	0.88	0.85	0.97	0.58	-0.87	0.81	-0.86	0.84	0.88
Other Current Assets	0.82	0.81	0.81	-0.84	0.94	0.42	0.9	0.81	0.8	0.79	0.8	0.82		0.81	0.82	0.83	0.83	0.83	0.89	0.79	0.64	-0.76	0.66	-0.74	0.85	0.85
Other Stockholder Equity	1.0	1.0	0.97	-0.98	0.92	0.49	0.75	1.0	0.89	0.59	0.6	0.98	0.81		0.99	0.99	0.67	0.93	0.81	0.99	0.54	-0.85	0.78	-0.84	0.8	0.82
Total Liab	0.98	0.99	0.93	-0.98	0.93	0.53	0.71	0.99	0.86	0.54	0.55	0.96	0.82	0.99		0.97	0.62	0.95	0.76	0.98	0.47	-0.77	0.7	-0.76	0.73	0.76
Total Current Assets	1.0	0.99	0.99	-0.95	0.92	0.47	0.8	0.99	0.92	0.66	0.67	0.99	0.83	0.99	0.97		0.74	0.9	0.85	0.98	0.61	-0.86	0.8	-0.88	0.84	0.87
Cash And Equivalents	0.72	0.65	0.78	-0.65	0.82	0.28	0.96	0.68	0.78	0.99	0.99	0.75	0.83	0.67	0.62	0.74		0.5	0.97	0.63	0.87	-0.84	0.87	-0.85	0.94	0.91
Short Term Debt	0.91	0.94	0.85	-0.93	0.85	0.5	0.64	0.93	0.79	0.41	0.43	0.88	0.83	0.93	0.95	0.9	0.5		0.67	0.94	0.37	-0.68	0.52	-0.67	0.65	0.71
Common Stock	0.84	0.79	0.88	-0.8	0.89	0.36	0.99	0.81	0.84	0.92	0.93	0.85	0.89	0.81	0.76	0.85	0.97	0.67		0.78	0.88	-0.91	0.9	-0.93	0.98	0.94
Property Plant Equipment	0.99	0.99	0.96	-0.97	0.88	0.47	0.72	0.99	0.87	0.53	0.55	0.97	0.79	0.99	0.98	0.98	0.63	0.94	0.78		0.52	-0.85	0.75	-0.84	0.79	0.82
Short Term Investments	0.58	0.52	0.67	-0.51	0.61	0.05	0.9	0.54	0.56	0.84	0.84	0.58	0.64	0.54	0.47	0.61	0.87	0.37	0.88	0.52		-0.78	0.82	-0.87	0.87	0.82
Short Long Term Debt Total	-0.86	-0.83	-0.9	0.83	-0.8	-0.3	-0.87	-0.84	-0.8	-0.77	-0.78	-0.87	-0.76	-0.85	-0.77	-0.86	-0.84	-0.68	-0.91	-0.85	-0.78		-0.96	0.95	-0.96	-0.93
Other Current Liab	0.79	0.75	0.85	-0.75	0.77	0.28	0.85	0.77	0.75	0.81	0.82	0.81	0.66	0.78	0.7	0.8	0.87	0.52	0.9	0.75	0.82	-0.96		-0.92	0.93	0.86
Other Liab	-0.86	-0.81	-0.92	0.78	-0.77	-0.28	-0.9	-0.83	-0.83	-0.77	-0.78	-0.86	-0.74	-0.84	-0.76	-0.88	-0.85	-0.67	-0.93	-0.84	-0.87	0.95	-0.92		-0.96	-0.96
Net Tangible Assets	0.83	0.78	0.89	-0.78	0.84	0.29	0.96	0.8	0.82	0.89	0.9	0.84	0.85	0.8	0.73	0.84	0.94	0.65	0.98	0.79	0.87	-0.96	0.93	-0.96		0.98
Property Plant And Equipment Net	0.86	0.8	0.92	-0.78	0.83	0.28	0.93	0.82	0.86	0.86	0.86	0.88	0.85	0.82	0.76	0.87	0.91	0.71	0.94	0.82	0.82	-0.93	0.86	-0.96	0.98

Click cells to compare fundamentals

Leonardo DRS Account Relationship Matchups

Leonardo DRS fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.9B	3.0B	3.1B	3.7B	4.0B	2.3B
Total Current Liabilities	1.0B	975M	989M	1.0B	1.1B	702.4M
Total Stockholder Equity	1.0B	1.4B	1.6B	2.1B	2.3B	1.2B
Retained Earnings	(3.2B)	(3.1B)	(3.0B)	(3.0B)	(2.8B)	(2.9B)
Other Assets	163M	108M	82M	158M	181.7M	190.8M
Cash And Short Term Investments	85M	61M	240M	306M	467M	490.4M
Net Receivables	902M	889M	899M	1.0B	1.1B	661.9M
Liabilities And Stockholders Equity	2.9B	3.0B	3.1B	3.7B	4.0B	2.3B
Capital Surpluse	121.2M	144.9M	203.9M	5.1B	5.9B	6.2B
Inventory	209M	247M	205M	319M	329M	183.6M
Other Current Assets	36M	33M	22M	24M	63M	66.2M
Other Stockholder Equity	4.3B	4.6B	4.6B	5.1B	5.2B	3.3B
Total Liab	1.9B	1.5B	1.5B	1.6B	1.7B	1.1B
Total Current Assets	1.3B	1.3B	1.4B	1.7B	1.9B	1.0B
Cash And Equivalents	13.8M	36.3M	78.7M	306M	351.9M	369.5M
Short Term Debt	77M	75M	65M	29M	80M	44.9M
Property Plant Equipment	348M	443M	448M	404M	464.6M	259.9M

Pair Trading with Leonardo DRS

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 Leonardo DRS 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 Leonardo DRS will appreciate offsetting losses from the drop in the long position's value.

Moving together with Leonardo Stock

0.68

Curtiss Wright

Pair Corr

Moving against Leonardo Stock

0.72	ESLT	Elbit Systems	Pair Corr
0.61	VTSI	VirTra Inc	Pair Corr
0.58	EH	Ehang Holdings	Pair Corr
0.52	EVTL	Vertical Aerospace	Pair Corr
0.49	CVU	CPI Aerostructures Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Leonardo DRS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leonardo DRS 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 Leonardo DRS - 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 Leonardo DRS Common to buy it.

The correlation of Leonardo DRS 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 Leonardo DRS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Leonardo DRS Common 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 Leonardo DRS 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 Leonardo Stock Analysis

When running Leonardo DRS's price analysis, check to measure Leonardo DRS's 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 Leonardo DRS is operating at the current time. Most of Leonardo DRS's value examination focuses on studying past and present price action to predict the probability of Leonardo DRS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leonardo DRS's price. Additionally, you may evaluate how the addition of Leonardo DRS to your portfolios can decrease your overall portfolio volatility.

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