Drone Intangible Assets vs Non Current Assets Total Analysis
FLT Stock | CAD 0.20 0.01 4.76% |
Drone Delivery financial indicator trend analysis is much more than just examining Drone Delivery Canada latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Drone Delivery Canada is a good investment. Please check the relationship between Drone Delivery Intangible Assets and its Non Current Assets Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drone Delivery Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Intangible Assets vs Non Current Assets Total
Intangible Assets vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Drone Delivery Canada Intangible Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Drone Delivery's Intangible Assets and Non Current Assets Total is 0.88. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Drone Delivery Canada, assuming nothing else is changed. The correlation between historical values of Drone Delivery's Intangible Assets and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Drone Delivery Canada are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Intangible Assets i.e., Drone Delivery's Intangible Assets and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from Drone Delivery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Drone Delivery Canada 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 Drone Delivery Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Drone Delivery's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 56.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 6.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 61.8K | 297.3K | 405.0K | 240.7K | Cost Of Revenue | 347.2K | 225.1K | 674.5K | 394.4K |
Drone Delivery fundamental ratios Correlations
Click cells to compare fundamentals
Drone Delivery Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Drone Delivery fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 17.7M | 29.4M | 33.0M | 19.7M | 10.3M | 13.4M | |
Other Current Liab | 1.5M | 167.9K | 396.7K | 103.2K | 118.7K | 112.8K | |
Total Current Liabilities | 1.7M | 2.0M | 2.0M | 1.2M | 891.1K | 1.0M | |
Total Stockholder Equity | 15.5M | 27.1M | 30.8M | 18.5M | 9.1M | 12.3M | |
Net Debt | (9.2M) | (23.0M) | (27.3M) | (15.1M) | (13.6M) | (14.2M) | |
Retained Earnings | (47.2M) | (61.4M) | (76.1M) | (89.5M) | (99.4M) | (94.5M) | |
Cash | 9.8M | 23.5M | 27.7M | 15.3M | 7.4M | 10.2M | |
Non Current Assets Total | 4.6M | 4.5M | 4.4M | 3.5M | 2.3M | 2.2M | |
Cash And Short Term Investments | 9.8M | 23.5M | 27.7M | 15.3M | 17.6M | 10.6M | |
Net Receivables | 3.1M | 522.8K | 421.3K | 486.7K | 167.8K | 159.4K | |
Common Stock Shares Outstanding | 172.8M | 184.7M | 222.1M | 224.2M | 224.2M | 123.8M | |
Liabilities And Stockholders Equity | 17.7M | 29.4M | 33.0M | 19.7M | 22.7M | 13.6M | |
Other Current Assets | 202.6K | 892.8K | 505.9K | 343.6K | 395.1K | 267.8K | |
Other Stockholder Equity | 13.6M | 18.9M | 10.5M | 11.7M | 13.4M | 7.1M | |
Total Liab | 2.2M | 2.3M | 2.2M | 1.2M | 1.2M | 1.1M | |
Total Current Assets | 13.1M | 24.9M | 28.6M | 16.2M | 8.0M | 11.4M | |
Common Stock | 49.2M | 69.5M | 96.3M | 96.3M | 110.8M | 116.3M | |
Property Plant And Equipment Net | 3.9M | 3.6M | 3.4M | 2.6M | 1.9M | 1.9M | |
Net Tangible Assets | 14.8M | 26.3M | 29.8M | 17.6M | 20.3M | 16.9M | |
Accounts Payable | 983.7K | 1.6M | 1.4M | 909.9K | 594.9K | 889.3K | |
Property Plant Equipment | 3.9M | 3.6M | 3.4M | 2.6M | 3.0M | 1.9M | |
Non Current Liabilities Total | 463.8K | 308.5K | 227.3K | 19.8K | 329.1K | 185.4K | |
Intangible Assets | 713.2K | 844.5K | 919.8K | 878.5K | 403.4K | 642.3K | |
Net Invested Capital | 15.5M | 27.1M | 30.8M | 18.5M | 9.1M | 15.4M | |
Net Working Capital | 11.4M | 22.9M | 26.6M | 15.0M | 7.1M | 13.3M | |
Capital Stock | 49.2M | 69.5M | 96.3M | 96.3M | 110.8M | 81.2M |
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