Drone Net Debt vs Short Long Term Debt Total Analysis

FLT Stock

CAD 0.27 0.02 8.00%

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 Net Debt and its Short Long Term Debt 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.

Net Debt vs Short Long Term Debt Total

Net Debt vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Drone Delivery Canada Net Debt account and Short Long Term Debt Total. At this time, the significance of the direction appears to have pay attention.

The correlation between Drone Delivery's Net Debt and Short Long Term Debt Total is -0.77. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Long Term Debt 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 Net Debt and Short Long Term Debt 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 Net Debt of Drone Delivery Canada are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Net Debt i.e., Drone Delivery's Net Debt and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

-0.77

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Short Long Term Debt Total

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

Interest Income Cost Of Revenue

Drone Delivery fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant And Equipment Net	Net Tangible Assets	Accounts Payable	Property Plant Equipment	Short Long Term Debt Total	Short Long Term Debt	Short Term Debt	Intangible Assets
Total Assets		0.32	0.89	1.0	-0.97	-0.66	0.99	0.77	0.68	0.95	0.41	0.84	-0.47	0.8	0.83	0.89	0.99	0.69	0.69	0.95	0.97	0.74	0.79	-0.03	0.8	0.91
Other Current Liab	0.32		0.62	0.29	-0.25	0.01	0.3	0.08	-0.03	0.24	0.84	0.31	-0.31	-0.01	0.34	0.59	0.35	-0.01	0.0	0.24	0.25	0.05	0.73	0.2	0.26	0.23
Total Current Liabilities	0.89	0.62		0.87	-0.85	-0.63	0.86	0.7	0.63	0.83	0.63	0.84	-0.53	0.68	0.87	0.99	0.88	0.63	0.6	0.85	0.87	0.69	0.86	-0.05	0.78	0.86
Total Stockholder Equity	1.0	0.29	0.87		-0.97	-0.65	0.99	0.76	0.67	0.95	0.39	0.83	-0.46	0.8	0.81	0.87	0.99	0.68	0.68	0.95	0.97	0.73	0.78	-0.02	0.79	0.9
Net Debt	-0.97	-0.25	-0.85	-0.97		0.73	-0.98	-0.67	-0.7	-0.99	-0.28	-0.86	0.49	-0.81	-0.81	-0.84	-0.97	-0.77	-0.58	-0.98	-0.94	-0.7	-0.77	0.19	-0.87	-0.86
Retained Earnings	-0.66	0.01	-0.63	-0.65	0.73		-0.62	-0.72	-0.96	-0.73	-0.17	-0.87	0.47	-0.63	-0.78	-0.67	-0.62	-0.99	-0.67	-0.81	-0.73	-0.82	-0.46	0.6	-0.91	-0.83
Cash	0.99	0.3	0.86	0.99	-0.98	-0.62		0.67	0.61	0.96	0.33	0.81	-0.46	0.79	0.77	0.84	1.0	0.66	0.58	0.94	0.94	0.65	0.77	-0.02	0.78	0.86
Non Current Assets Total	0.77	0.08	0.7	0.76	-0.67	-0.72	0.67		0.85	0.67	0.43	0.75	-0.41	0.69	0.82	0.76	0.69	0.7	0.99	0.74	0.81	0.94	0.5	-0.1	0.68	0.88
Non Currrent Assets Other	0.68	-0.03	0.63	0.67	-0.7	-0.96	0.61	0.85		0.69	0.28	0.83	-0.44	0.67	0.81	0.7	0.62	0.95	0.82	0.8	0.78	0.93	0.49	-0.54	0.85	0.86
Cash And Short Term Investments	0.95	0.24	0.83	0.95	-0.99	-0.73	0.96	0.67	0.69		0.27	0.88	-0.48	0.82	0.83	0.83	0.96	0.76	0.59	0.98	0.92	0.72	0.74	-0.13	0.88	0.84
Net Receivables	0.41	0.84	0.63	0.39	-0.28	-0.17	0.33	0.43	0.28	0.27		0.43	-0.31	0.12	0.51	0.66	0.39	0.14	0.39	0.33	0.42	0.42	0.74	0.17	0.36	0.44
Common Stock Shares Outstanding	0.84	0.31	0.84	0.83	-0.86	-0.87	0.81	0.75	0.83	0.88	0.43		-0.6	0.71	0.9	0.86	0.81	0.86	0.66	0.91	0.85	0.83	0.69	-0.22	0.95	0.89
Short Term Investments	-0.47	-0.31	-0.53	-0.46	0.49	0.47	-0.46	-0.41	-0.44	-0.48	-0.31	-0.6		-0.5	-0.53	-0.53	-0.45	-0.46	-0.3	-0.52	-0.49	-0.41	-0.46	0.16	-0.54	-0.46
Other Current Assets	0.8	-0.01	0.68	0.8	-0.81	-0.63	0.79	0.69	0.67	0.82	0.12	0.71	-0.5		0.81	0.71	0.78	0.64	0.62	0.82	0.85	0.72	0.52	-0.11	0.7	0.75
Other Stockholder Equity	0.83	0.34	0.87	0.81	-0.81	-0.78	0.77	0.82	0.81	0.83	0.51	0.9	-0.53	0.81		0.91	0.79	0.76	0.76	0.87	0.88	0.86	0.73	-0.16	0.88	0.87
Total Liab	0.89	0.59	0.99	0.87	-0.84	-0.67	0.84	0.76	0.7	0.83	0.66	0.86	-0.53	0.71	0.91		0.87	0.66	0.67	0.86	0.89	0.77	0.85	-0.08	0.8	0.88
Total Current Assets	0.99	0.35	0.88	0.99	-0.97	-0.62	1.0	0.69	0.62	0.96	0.39	0.81	-0.45	0.78	0.79	0.87		0.66	0.6	0.94	0.95	0.67	0.81	-0.02	0.78	0.87
Common Stock	0.69	-0.01	0.63	0.68	-0.77	-0.99	0.66	0.7	0.95	0.76	0.14	0.86	-0.46	0.64	0.76	0.66	0.66		0.65	0.84	0.75	0.8	0.49	-0.62	0.91	0.83
Property Plant And Equipment Net	0.69	0.0	0.6	0.68	-0.58	-0.67	0.58	0.99	0.82	0.59	0.39	0.66	-0.3	0.62	0.76	0.67	0.6	0.65		0.66	0.74	0.92	0.41	-0.12	0.6	0.81
Net Tangible Assets	0.95	0.24	0.85	0.95	-0.98	-0.81	0.94	0.74	0.8	0.98	0.33	0.91	-0.52	0.82	0.87	0.86	0.94	0.84	0.66		0.95	0.8	0.77	-0.26	0.92	0.89
Accounts Payable	0.97	0.25	0.87	0.97	-0.94	-0.73	0.94	0.81	0.78	0.92	0.42	0.85	-0.49	0.85	0.88	0.89	0.95	0.75	0.74	0.95		0.82	0.79	-0.16	0.83	0.93
Property Plant Equipment	0.74	0.05	0.69	0.73	-0.7	-0.82	0.65	0.94	0.93	0.72	0.42	0.83	-0.41	0.72	0.86	0.77	0.67	0.8	0.92	0.8	0.82		0.51	-0.24	0.78	0.87
Short Long Term Debt Total	0.79	0.73	0.86	0.78	-0.77	-0.46	0.77	0.5	0.49	0.74	0.74	0.69	-0.46	0.52	0.73	0.85	0.81	0.49	0.41	0.77	0.79	0.51		-0.13	0.71	0.68
Short Long Term Debt	-0.03	0.2	-0.05	-0.02	0.19	0.6	-0.02	-0.1	-0.54	-0.13	0.17	-0.22	0.16	-0.11	-0.16	-0.08	-0.02	-0.62	-0.12	-0.26	-0.16	-0.24	-0.13		-0.4	-0.19
Short Term Debt	0.8	0.26	0.78	0.79	-0.87	-0.91	0.78	0.68	0.85	0.88	0.36	0.95	-0.54	0.7	0.88	0.8	0.78	0.91	0.6	0.92	0.83	0.78	0.71	-0.4		0.84
Intangible Assets	0.91	0.23	0.86	0.9	-0.86	-0.83	0.86	0.88	0.86	0.84	0.44	0.89	-0.46	0.75	0.87	0.88	0.87	0.83	0.81	0.89	0.93	0.87	0.68	-0.19	0.84

Click cells to compare fundamentals

Drone Delivery Account Relationship Matchups

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

Pair Trading with Drone Delivery

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 Drone Delivery 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 Drone Delivery will appreciate offsetting losses from the drop in the long position's value.

Moving against Drone Stock

0.54	BFM	Bedford Metals Corp	Pair Corr
0.5	PYPL	PayPal Holdings CDR	Pair Corr
0.49	EFN-PC	Element Fleet Management	Pair Corr
0.48	GOOG	Alphabet CDR	Pair Corr

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

The correlation of Drone Delivery 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 Drone Delivery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Drone Delivery Canada 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 Drone Delivery 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

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.

You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Drone Stock analysis

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

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Please note, there is a significant difference between Drone Delivery's value and its price as these two are different measures arrived at by different means. Investors typically determine if Drone Delivery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Drone Delivery'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.

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Drone Net Debt vs Short Long Term Debt Total Analysis

Net Debt vs Short Long Term Debt Total

Net Debt vs Short Long Term Debt Total Correlation Analysis

Correlation Coefficient

Net Debt

Short Long Term Debt Total

Drone Delivery fundamental ratios Correlations

Drone Delivery Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Drone Delivery fundamental ratios Accounts

Pair Trading with Drone Delivery

Moving against Drone Stock

Complementary Tools for Drone Stock analysis

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Cash
Cash	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Cash	+ 0.99	Total Stockholder Equity

Common Stock	- 0.99	Retained Earnings
Cash And Short Term Investments	- 0.99	Net Debt
Net Tangible Assets	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Total Current Assets	- 0.97	Net Debt
Net Debt	- 0.97	Total Stockholder Equity