Alpha Net Working Capital vs Total Assets Analysis

DRTS Stock

USD 2.80 0.06 2.10%

Alpha Tau financial indicator trend analysis is way more than just evaluating Alpha Tau Medical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alpha Tau Medical is a good investment. Please check the relationship between Alpha Tau Net Working Capital and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Alpha Tau Medical. 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.

Net Working Capital vs Total Assets

Net Working Capital vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alpha Tau Medical Net Working Capital account and Total Assets. At this time, the significance of the direction appears to have totally related.

The correlation between Alpha Tau's Net Working Capital and Total Assets is 0.99. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Assets in the same time period over historical financial statements of Alpha Tau Medical, assuming nothing else is changed. The correlation between historical values of Alpha Tau's Net Working Capital and Total Assets 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 Working Capital of Alpha Tau Medical are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Working Capital i.e., Alpha Tau's Net Working Capital and Total Assets go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Working Capital

Total Assets

Total assets refers to the total amount of Alpha Tau 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 Alpha Tau Medical 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.

Most indicators from Alpha Tau's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alpha Tau Medical 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 Alpha Tau Medical. 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.

Tax Provision is likely to drop to about 15.2 K in 2024. Selling General Administrative is likely to drop to about 4.8 M in 2024

	2021	2022	2023	2024 (projected)
Net Interest Income	195K	1.8M	4.7M	5.0M
Tax Provision	7K	20K	16K	15.2K

Net Interest Income Tax Provision

Alpha Tau fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Net Working Capital	Property Plant Equipment
Total Assets		0.69	0.85	0.91	0.88	0.93	0.06	-0.9	0.82	0.43	0.91	0.29	0.99	-0.12	-0.09	0.93	-0.39	-0.11	0.83	0.93	-0.29	0.9	0.84	0.99	0.99	0.96
Other Current Liab	0.69		0.95	0.46	0.54	0.87	0.43	-0.84	0.84	0.86	0.9	0.8	0.61	-0.32	-0.45	0.39	0.21	-0.22	0.83	0.66	0.31	0.48	0.82	0.61	0.58	0.85
Total Current Liabilities	0.85	0.95		0.69	0.74	0.98	0.23	-0.94	0.95	0.7	0.99	0.61	0.79	-0.29	-0.24	0.63	-0.09	-0.11	0.9	0.83	0.03	0.7	0.9	0.8	0.77	0.96
Total Stockholder Equity	0.91	0.46	0.69		0.98	0.79	-0.29	-0.85	0.74	0.13	0.76	0.03	0.91	-0.14	0.25	0.94	-0.65	0.18	0.78	0.97	-0.58	1.0	0.82	0.92	0.92	0.77
Net Tangible Assets	0.88	0.54	0.74	0.98		0.83	-0.26	-0.9	0.81	0.21	0.8	0.09	0.87	-0.29	0.22	0.87	-0.59	0.17	0.85	0.98	-0.52	0.99	0.89	0.88	0.88	0.78
Property Plant And Equipment Net	0.93	0.87	0.98	0.79	0.83		0.15	-0.95	0.96	0.59	1.0	0.44	0.88	-0.32	-0.15	0.76	-0.23	-0.12	0.91	0.89	-0.12	0.8	0.91	0.89	0.86	0.98
Net Debt	0.06	0.43	0.23	-0.29	-0.26	0.15		-0.07	0.03	0.81	0.2	0.57	0.03	-0.29	-0.98	-0.21	0.85	-0.91	0.21	-0.13	0.88	-0.29	0.09	0.03	0.01	0.23
Retained Earnings	-0.9	-0.84	-0.94	-0.85	-0.9	-0.95	-0.07		-0.9	-0.59	-0.95	-0.49	-0.86	0.33	0.12	-0.74	0.24	0.02	-0.96	-0.96	0.14	-0.86	-0.98	-0.86	-0.84	-0.91
Accounts Payable	0.82	0.84	0.95	0.74	0.81	0.96	0.03	-0.9		0.5	0.96	0.36	0.76	-0.42	0.0	0.66	-0.29	0.01	0.88	0.84	-0.19	0.75	0.89	0.77	0.74	0.89
Cash	0.43	0.86	0.7	0.13	0.21	0.59	0.81	-0.59	0.5		0.64	0.86	0.37	-0.38	-0.83	0.09	0.63	-0.61	0.67	0.36	0.71	0.15	0.6	0.37	0.33	0.62
Non Current Assets Total	0.91	0.9	0.99	0.76	0.8	1.0	0.2	-0.95	0.96	0.64		0.51	0.86	-0.3	-0.2	0.73	-0.17	-0.13	0.91	0.87	-0.06	0.77	0.91	0.87	0.84	0.98
Non Currrent Assets Other	0.29	0.8	0.61	0.03	0.09	0.44	0.57	-0.49	0.36	0.86	0.51		0.22	0.02	-0.67	-0.02	0.58	-0.23	0.46	0.26	0.65	0.04	0.45	0.22	0.19	0.49
Cash And Short Term Investments	0.99	0.61	0.79	0.91	0.87	0.88	0.03	-0.86	0.76	0.37	0.86	0.22		-0.06	-0.07	0.96	-0.43	-0.11	0.78	0.91	-0.34	0.91	0.79	1.0	1.0	0.92
Net Receivables	-0.12	-0.32	-0.29	-0.14	-0.29	-0.32	-0.29	0.33	-0.42	-0.38	-0.3	0.02	-0.06		0.19	0.06	-0.17	0.4	-0.54	-0.25	-0.2	-0.17	-0.48	-0.07	-0.05	-0.17
Common Stock Shares Outstanding	-0.09	-0.45	-0.24	0.25	0.22	-0.15	-0.98	0.12	0.0	-0.83	-0.2	-0.67	-0.07	0.19		0.18	-0.86	0.85	-0.24	0.07	-0.89	0.24	-0.13	-0.06	-0.04	-0.24
Short Term Investments	0.93	0.39	0.63	0.94	0.87	0.76	-0.21	-0.74	0.66	0.09	0.73	-0.02	0.96	0.06	0.18		-0.65	0.07	0.63	0.87	-0.58	0.93	0.66	0.96	0.97	0.8
Non Current Liabilities Total	-0.39	0.21	-0.09	-0.65	-0.59	-0.23	0.85	0.24	-0.29	0.63	-0.17	0.58	-0.43	-0.17	-0.86	-0.65		-0.66	-0.1	-0.47	0.99	-0.64	-0.2	-0.43	-0.45	-0.19
Inventory	-0.11	-0.22	-0.11	0.18	0.17	-0.12	-0.91	0.02	0.01	-0.61	-0.13	-0.23	-0.11	0.4	0.85	0.07	-0.66		-0.19	0.09	-0.67	0.18	-0.06	-0.1	-0.1	-0.18
Other Current Assets	0.83	0.83	0.9	0.78	0.85	0.91	0.21	-0.96	0.88	0.67	0.91	0.46	0.78	-0.54	-0.24	0.63	-0.1	-0.19		0.9	-0.01	0.79	0.99	0.79	0.77	0.85
Other Stockholder Equity	0.93	0.66	0.83	0.97	0.98	0.89	-0.13	-0.96	0.84	0.36	0.87	0.26	0.91	-0.25	0.07	0.87	-0.47	0.09	0.9		-0.38	0.97	0.94	0.92	0.91	0.86
Total Liab	-0.29	0.31	0.03	-0.58	-0.52	-0.12	0.88	0.14	-0.19	0.71	-0.06	0.65	-0.34	-0.2	-0.89	-0.58	0.99	-0.67	-0.01	-0.38		-0.57	-0.1	-0.34	-0.37	-0.08
Net Invested Capital	0.9	0.48	0.7	1.0	0.99	0.8	-0.29	-0.86	0.75	0.15	0.77	0.04	0.91	-0.17	0.24	0.93	-0.64	0.18	0.79	0.97	-0.57		0.83	0.91	0.91	0.77
Property Plant And Equipment Gross	0.84	0.82	0.9	0.82	0.89	0.91	0.09	-0.98	0.89	0.6	0.91	0.45	0.79	-0.48	-0.13	0.66	-0.2	-0.06	0.99	0.94	-0.1	0.83		0.8	0.78	0.85
Total Current Assets	0.99	0.61	0.8	0.92	0.88	0.89	0.03	-0.86	0.77	0.37	0.87	0.22	1.0	-0.07	-0.06	0.96	-0.43	-0.1	0.79	0.92	-0.34	0.91	0.8		1.0	0.92
Net Working Capital	0.99	0.58	0.77	0.92	0.88	0.86	0.01	-0.84	0.74	0.33	0.84	0.19	1.0	-0.05	-0.04	0.97	-0.45	-0.1	0.77	0.91	-0.37	0.91	0.78	1.0		0.91
Property Plant Equipment	0.96	0.85	0.96	0.77	0.78	0.98	0.23	-0.91	0.89	0.62	0.98	0.49	0.92	-0.17	-0.24	0.8	-0.19	-0.18	0.85	0.86	-0.08	0.77	0.85	0.92	0.91

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Alpha Net Working Capital vs Total Assets Analysis

Net Working Capital vs Total Assets

Net Working Capital vs Total Assets Correlation Analysis

Correlation Coefficient

Net Working Capital

Total Assets

Alpha Tau fundamental ratios Correlations

Alpha Tau Account Relationship Matchups

High Positive Relationship

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Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
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
Cash And Short Term Investments	+ 0.99	Total Assets

Property Plant And Equipment Gross	- 0.98	Retained Earnings
Common Stock Shares Outstanding	- 0.98	Net Debt
Other Stockholder Equity	- 0.96	Retained Earnings
Other Current Assets	- 0.96	Retained Earnings
Non Current Assets Total	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Property Plant And Equipment Net