Black Short Term Investments vs Net Invested Capital Analysis

BDTX Stock

USD 2.57 0.10 4.05%

Black Diamond financial indicator trend analysis is way more than just evaluating Black Diamond Therap prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Black Diamond Therap is a good investment. Please check the relationship between Black Diamond Short Term Investments and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Black Diamond Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Short Term Investments vs Net Invested Capital

Short Term Investments vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Black Diamond Therap Short Term Investments account and Net Invested Capital. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Black Diamond's Short Term Investments and Net Invested Capital is -0.5. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Black Diamond Therapeutics, assuming nothing else is changed. The correlation between historical values of Black Diamond's Short Term Investments and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Black Diamond Therapeutics are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Short Term Investments i.e., Black Diamond's Short Term Investments and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

-0.5

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Black Diamond balance sheet. It contains any investments Black Diamond Therapeutics undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Black Diamond Therap can easily liquidate in the marketplace.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Black Diamond's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Black Diamond Therap 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Black Diamond Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Selling General Administrative is likely to drop to about 18.4 M in 2024. Issuance Of Capital Stock is likely to drop to about 62.3 M in 2024

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	205K	508K	437K	458.9K
Total Operating Expenses	126.9M	92.8M	86.5M	65.7M

Reconciled Depreciation Total Operating Expenses

Black Diamond fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Net Working Capital
Total Assets		0.82	0.84	-0.4	-0.09	0.88	0.69	-0.22	-0.65	0.92	0.57	0.72	0.56	0.41	1.0	0.83	0.87	0.22	0.82	0.89	0.55	0.5	0.89	0.67	1.0	0.99
Other Current Liab	0.82		0.99	-0.39	-0.17	0.84	0.95	-0.44	-0.83	0.93	0.35	0.96	0.65	0.27	0.77	0.94	0.83	-0.07	0.91	0.93	0.85	0.62	0.83	0.89	0.77	0.74
Total Current Liabilities	0.84	0.99		-0.39	-0.17	0.84	0.95	-0.4	-0.86	0.94	0.39	0.96	0.63	0.3	0.79	0.96	0.88	-0.02	0.93	0.94	0.86	0.57	0.82	0.87	0.79	0.76
Total Stockholder Equity	-0.4	-0.39	-0.39		0.05	-0.38	-0.49	-0.05	0.11	-0.42	-0.09	-0.51	-0.49	-0.53	-0.36	-0.38	-0.29	-0.02	-0.23	-0.61	-0.15	-0.47	-0.4	0.01	-0.36	-0.36
Other Liab	-0.09	-0.17	-0.17	0.05		-0.18	-0.17	-0.49	0.16	-0.15	0.12	-0.17	-0.13	-0.12	-0.08	-0.18	-0.1	0.18	-0.18	-0.19	-0.19	0.0	-0.17	-0.15	-0.08	-0.07
Net Tangible Assets	0.88	0.84	0.84	-0.38	-0.18		0.71	-0.47	-0.62	0.79	0.13	0.71	0.32	0.02	0.87	0.89	0.68	-0.25	0.84	0.88	0.64	0.31	1.0	0.66	0.87	0.86
Property Plant And Equipment Net	0.69	0.95	0.95	-0.49	-0.17	0.71		-0.38	-0.88	0.84	0.29	0.99	0.6	0.32	0.62	0.92	0.81	-0.09	0.89	0.9	0.9	0.53	0.7	0.79	0.62	0.59
Net Debt	-0.22	-0.44	-0.4	-0.05	-0.49	-0.47	-0.38		0.34	-0.22	0.3	-0.35	0.08	0.56	-0.19	-0.41	-0.1	0.56	-0.43	-0.31	-0.5	-0.07	-0.46	-0.5	-0.19	-0.17
Retained Earnings	-0.65	-0.83	-0.86	0.11	0.16	-0.62	-0.88	0.34		-0.74	-0.37	-0.85	-0.37	-0.18	-0.59	-0.86	-0.84	0.0	-0.94	-0.76	-0.95	-0.25	-0.6	-0.81	-0.59	-0.56
Accounts Payable	0.92	0.93	0.94	-0.42	-0.15	0.79	0.84	-0.22	-0.74		0.62	0.88	0.79	0.52	0.89	0.85	0.91	0.25	0.83	0.92	0.68	0.73	0.78	0.82	0.89	0.88
Cash	0.57	0.35	0.39	-0.09	0.12	0.13	0.29	0.3	-0.37	0.62		0.36	0.67	0.81	0.57	0.26	0.72	0.91	0.31	0.37	0.13	0.56	0.12	0.35	0.57	0.58
Non Current Assets Total	0.72	0.96	0.96	-0.51	-0.17	0.71	0.99	-0.35	-0.85	0.88	0.36		0.69	0.39	0.65	0.9	0.82	-0.02	0.87	0.92	0.87	0.62	0.7	0.81	0.66	0.63
Non Currrent Assets Other	0.56	0.65	0.63	-0.49	-0.13	0.32	0.6	0.08	-0.37	0.79	0.67	0.69		0.77	0.53	0.42	0.6	0.46	0.38	0.62	0.33	0.97	0.32	0.58	0.52	0.51
Other Assets	0.41	0.27	0.3	-0.53	-0.12	0.02	0.32	0.56	-0.18	0.52	0.81	0.39	0.77		0.4	0.18	0.55	0.8	0.13	0.39	0.01	0.65	0.03	0.1	0.4	0.4
Cash And Short Term Investments	1.0	0.77	0.79	-0.36	-0.08	0.87	0.62	-0.19	-0.59	0.89	0.57	0.65	0.53	0.4		0.79	0.85	0.25	0.77	0.85	0.49	0.47	0.87	0.62	1.0	1.0
Common Stock Total Equity	0.83	0.94	0.96	-0.38	-0.18	0.89	0.92	-0.41	-0.86	0.85	0.26	0.9	0.42	0.18	0.79		0.86	-0.13	0.95	0.92	0.84	0.35	0.88	0.76	0.79	0.77
Common Stock Shares Outstanding	0.87	0.83	0.88	-0.29	-0.1	0.68	0.81	-0.1	-0.84	0.91	0.72	0.82	0.6	0.55	0.85	0.86		0.39	0.85	0.83	0.69	0.48	0.67	0.71	0.85	0.83
Non Current Liabilities Total	0.22	-0.07	-0.02	-0.02	0.18	-0.25	-0.09	0.56	0.0	0.25	0.91	-0.02	0.46	0.8	0.25	-0.13	0.39		-0.1	0.0	-0.25	0.37	-0.25	-0.05	0.25	0.27
Capital Surpluse	0.82	0.91	0.93	-0.23	-0.18	0.84	0.89	-0.43	-0.94	0.83	0.31	0.87	0.38	0.13	0.77	0.95	0.85	-0.1		0.89	0.92	0.3	0.83	0.84	0.78	0.75
Other Current Assets	0.89	0.93	0.94	-0.61	-0.19	0.88	0.9	-0.31	-0.76	0.92	0.37	0.92	0.62	0.39	0.85	0.92	0.83	0.0	0.89		0.76	0.56	0.88	0.72	0.86	0.84
Other Stockholder Equity	0.55	0.85	0.86	-0.15	-0.19	0.64	0.9	-0.5	-0.95	0.68	0.13	0.87	0.33	0.01	0.49	0.84	0.69	-0.25	0.92	0.76		0.26	0.63	0.84	0.49	0.46
Total Liab	0.5	0.62	0.57	-0.47	0.0	0.31	0.53	-0.07	-0.25	0.73	0.56	0.62	0.97	0.65	0.47	0.35	0.48	0.37	0.3	0.56	0.26		0.31	0.57	0.46	0.46
Net Invested Capital	0.89	0.83	0.82	-0.4	-0.17	1.0	0.7	-0.46	-0.6	0.78	0.12	0.7	0.32	0.03	0.87	0.88	0.67	-0.25	0.83	0.88	0.63	0.31		0.65	0.87	0.86
Property Plant And Equipment Gross	0.67	0.89	0.87	0.01	-0.15	0.66	0.79	-0.5	-0.81	0.82	0.35	0.81	0.58	0.1	0.62	0.76	0.71	-0.05	0.84	0.72	0.84	0.57	0.65		0.62	0.6
Total Current Assets	1.0	0.77	0.79	-0.36	-0.08	0.87	0.62	-0.19	-0.59	0.89	0.57	0.66	0.52	0.4	1.0	0.79	0.85	0.25	0.78	0.86	0.49	0.46	0.87	0.62		1.0
Net Working Capital	0.99	0.74	0.76	-0.36	-0.07	0.86	0.59	-0.17	-0.56	0.88	0.58	0.63	0.51	0.4	1.0	0.77	0.83	0.27	0.75	0.84	0.46	0.46	0.86	0.6	1.0

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Black Diamond Account Relationship Matchups

Black Diamond fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	158.3M	329.7M	247.7M	156.3M	158.6M	174.5M
Other Current Liab	2.9M	10.6M	19.2M	10.5M	14.2M	9.7M
Total Current Liabilities	4.9M	14.2M	23.6M	15.3M	19.6M	13.0M
Total Stockholder Equity	(51.0M)	(118.2M)	(243.8M)	(335.0M)	116.7M	122.6M
Net Tangible Assets	(47.2M)	307.8M	195.9M	115.7M	133.0M	100.8M
Property Plant And Equipment Net	164K	8.8M	30.7M	27.4M	23.7M	14.3M
Net Debt	45.9M	(25.9M)	(37.3M)	(6.2M)	(30.9M)	(29.4M)
Retained Earnings	(51.0M)	(118.2M)	(243.8M)	(335.0M)	(417.4M)	(396.6M)
Accounts Payable	2.0M	2.5M	4.1M	1.9M	2.3M	2.1M
Cash	154.7M	34.6M	65.8M	34.3M	56.2M	63.7M
Non Current Assets Total	3.6M	10.1M	37.9M	28.5M	24.5M	16.5M
Non Currrent Assets Other	3.4M	106K	5.9M	1.2M	823K	781.9K
Other Assets	2.4M	0.0	1.2M	1.2M	1.0	0.95
Cash And Short Term Investments	154.7M	315.1M	209.8M	122.8M	131.4M	156.1M
Common Stock Shares Outstanding	35.9M	32.9M	36.2M	36.3M	44.0M	32.4M
Liabilities And Stockholders Equity	158.3M	(96.3M)	247.7M	(294.4M)	158.6M	166.5M
Non Current Liabilities Total	200.6M	7.7M	28.1M	25.3M	22.2M	41.3M
Capital Surpluse	3.8M	425.4M	440.1M	452.5M	520.4M	546.4M
Other Current Assets	1.0M	4.5M	5.9M	4.9M	2.6M	3.0M
Other Stockholder Equity	(200.6M)	95.7M	440.1M	452.5M	534.2M	560.9M
Total Liab	209.3M	21.9M	491.5M	40.6M	41.8M	39.7M
Net Invested Capital	(47.2M)	307.8M	195.9M	115.7M	116.7M	104.8M
Property Plant And Equipment Gross	164K	8.8M	31.1M	2.6M	24.5M	25.7M
Total Current Assets	154.7M	319.6M	209.8M	127.7M	134.0M	158.0M
Accumulated Other Comprehensive Income	(1K)	614K	(414K)	(1.8M)	(27K)	(28.4K)
Net Working Capital	150.9M	305.3M	192.1M	112.4M	114.4M	146.1M
Property Plant Equipment	164K	8.8M	30.7M	2.6M	3.0M	2.8M

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Black Short Term Investments vs Net Invested Capital Analysis

Short Term Investments vs Net Invested Capital

Short Term Investments vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Short Term Investments

Net Invested Capital

Black Diamond fundamental ratios Correlations

Black Diamond Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Black Diamond fundamental ratios Accounts

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Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Net Tangible Assets
Total Current Assets	+ 1.0	Cash And Short Term Investments
Net Working Capital	+ 1.0	Cash And Short Term Investments
Net Working Capital	+ 1.0	Total Current Assets

Other Stockholder Equity	- 0.95	Retained Earnings
Capital Surpluse	- 0.94	Retained Earnings
Retained Earnings	- 0.88	Property Plant And Equipment Net
Common Stock Total Equity	- 0.86	Retained Earnings
Retained Earnings	- 0.86	Total Current Liabilities
Non Current Assets Total	- 0.85	Retained Earnings