Orbit Non Current Liabilities Total vs Current Deferred Revenue Analysis
OGD Stock | CAD 0.83 0.05 5.68% |
Orbit Garant financial indicator trend analysis is much more than just breaking down Orbit Garant Drilling prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Orbit Garant Drilling is a good investment. Please check the relationship between Orbit Garant Non Current Liabilities Total and its Current Deferred Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orbit Garant Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Non Current Liabilities Total vs Current Deferred Revenue
Non Current Liabilities Total vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Orbit Garant Drilling Non Current Liabilities Total account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Orbit Garant's Non Current Liabilities Total and Current Deferred Revenue is -0.58. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Orbit Garant Drilling, assuming nothing else is changed. The correlation between historical values of Orbit Garant's Non Current Liabilities Total and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Orbit Garant Drilling are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Non Current Liabilities Total i.e., Orbit Garant's Non Current Liabilities Total and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.58 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Non Current Liabilities Total
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from Orbit Garant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Orbit Garant Drilling 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orbit Garant Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Orbit Garant's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value Over EBITDA is likely to grow to 6.74, while Selling General Administrative is likely to drop about 13.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.2M | 3.3M | 3.5M | 3.6M | Depreciation And Amortization | 11.1M | 11.1M | 10.7M | 10.9M |
Orbit Garant fundamental ratios Correlations
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Orbit Garant Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orbit Garant fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 129.8M | 138.1M | 137.1M | 127.6M | 119.9M | 130.4M | |
Short Long Term Debt Total | 41.3M | 37.3M | 40.3M | 37.0M | 34.1M | 23.7M | |
Other Current Liab | 3.4M | 2.0M | 2.9M | 4.0M | 3.6M | 2.7M | |
Total Current Liabilities | 25.4M | 36.5M | 37.8M | 31.6M | 27.0M | 25.9M | |
Total Stockholder Equity | 68.0M | 70.3M | 62.5M | 61.6M | 60.2M | 60.3M | |
Property Plant And Equipment Net | 45.6M | 43.3M | 43.8M | 43.1M | 36.6M | 43.4M | |
Current Deferred Revenue | (4.9M) | (2.9M) | (2.9M) | (4.0M) | (3.6M) | (3.4M) | |
Net Debt | 36.3M | 34.0M | 39.3M | 34.8M | 33.8M | 20.5M | |
Retained Earnings | 10.0M | 12.3M | 5.7M | 5.8M | 4.7M | 4.4M | |
Accounts Payable | 18.5M | 30.5M | 33.6M | 27.6M | 25.4M | 19.5M | |
Cash | 5.0M | 3.3M | 1.0M | 2.2M | 332K | 315.4K | |
Non Current Assets Total | 52.4M | 47.6M | 45.9M | 45.6M | 44.2M | 41.1M | |
Cash And Short Term Investments | 5.0M | 3.3M | 1.0M | 2.2M | 332K | 315.4K | |
Net Receivables | 22.6M | 41.8M | 40.1M | 31.1M | 28.6M | 30.1M | |
Common Stock Shares Outstanding | 36.8M | 37.0M | 37.2M | 37.4M | 43.0M | 37.1M | |
Liabilities And Stockholders Equity | 129.8M | 138.1M | 137.1M | 127.6M | 119.9M | 130.4M | |
Non Current Liabilities Total | 36.4M | 31.3M | 36.8M | 34.3M | 32.6M | 21.5M | |
Inventory | 49.1M | 44.7M | 49.0M | 47.7M | 43.0M | 39.5M | |
Other Current Assets | 827K | 796K | 1.1M | 1.0M | 3.8M | 3.9M | |
Total Liab | 61.8M | 67.8M | 74.6M | 65.9M | 59.6M | 47.4M | |
Property Plant And Equipment Gross | 45.6M | 131.1M | 132.2M | 140.6M | 129.3M | 65.8M | |
Total Current Assets | 77.5M | 90.6M | 91.2M | 82.0M | 75.6M | 73.9M | |
Accumulated Other Comprehensive Income | (899K) | (1.2M) | (2.4M) | (3.3M) | (3.6M) | (3.8M) | |
Short Term Debt | 4.9M | 6.0M | 4.2M | 4.0M | 1.5M | 1.4M | |
Intangible Assets | 588K | 141K | 320K | 296K | 211K | 200.5K | |
Other Stockholder Equity | (899K) | (1.2M) | (2.4M) | (3.3M) | (3.0M) | (2.9M) | |
Net Tangible Assets | 67.4M | 69.8M | 62.2M | 61.3M | 55.2M | 58.3M | |
Long Term Investments | 317K | 259K | 146K | 320K | 1.4M | 1.5M | |
Short Long Term Debt | 2.2M | 2.5M | 3.5M | 3.4M | 450K | 427.5K | |
Property Plant Equipment | 45.6M | 40.9M | 43.8M | 43.1M | 49.5M | 46.7M | |
Other Assets | 5.9M | 5.8M | 1.6M | 1.9M | 2.2M | 4.0M | |
Long Term Debt | 35.2M | 29.9M | 34.7M | 32.3M | 30.9M | 25.1M | |
Long Term Debt Total | 36.4M | 31.3M | 36.1M | 33.0M | 38.0M | 24.7M | |
Net Invested Capital | 105.4M | 102.8M | 100.7M | 97.4M | 91.6M | 79.4M |
Pair Trading with Orbit Garant
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 Orbit Garant 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 Orbit Garant will appreciate offsetting losses from the drop in the long position's value.Moving together with Orbit Stock
Moving against Orbit Stock
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0.59 | IZ | International Zeolite | PairCorr |
0.54 | NG | NovaGold Resources | PairCorr |
The ability to find closely correlated positions to Orbit Garant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orbit Garant 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 Orbit Garant - 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 Orbit Garant Drilling to buy it.
The correlation of Orbit Garant 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 Orbit Garant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orbit Garant Drilling 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 Orbit Garant 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.Other Information on Investing in Orbit Stock
Balance Sheet is a snapshot of the financial position of Orbit Garant Drilling at a specified time, usually calculated after every quarter, six months, or one year. Orbit Garant Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Orbit Garant and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Orbit currently owns. An asset can also be divided into two categories, current and non-current.