Ocean Net Invested Capital vs Net Debt Analysis

OHT Stock   8.50  0.25  2.86%   
Ocean Harvest financial indicator trend analysis is much more than just breaking down Ocean Harvest Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ocean Harvest Technology is a good investment. Please check the relationship between Ocean Harvest Net Invested Capital and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocean Harvest Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ocean Harvest Technology Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.
Net Invested CapitalNet DebtDiversified AwayNet Invested CapitalNet DebtDiversified Away100%
The correlation between Ocean Harvest's Net Invested Capital and Net Debt is 0.9. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Ocean Harvest Technology, assuming nothing else is changed. The correlation between historical values of Ocean Harvest's Net Invested Capital and Net Debt 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 Invested Capital of Ocean Harvest Technology are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Invested Capital i.e., Ocean Harvest's Net Invested Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Invested Capital

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

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.
Most indicators from Ocean Harvest's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ocean Harvest Technology 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 Ocean Harvest Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At present, Ocean Harvest's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Total Revenue2.0M3.0M3.4M2.7M
Interest Expense93K212.4K65.5K121.8K

Ocean Harvest fundamental ratios Correlations

0.090.840.820.92-0.890.820.990.960.9-0.68-0.06-0.150.850.081.00.720.051.00.950.810.83
0.09-0.380.510.37-0.11-0.40.090.330.420.240.040.37-0.290.990.050.591.00.06-0.08-0.43-0.2
0.84-0.380.540.61-0.870.880.820.720.66-0.91-0.21-0.440.86-0.390.850.45-0.420.850.861.00.95
0.820.510.540.94-0.780.360.850.940.98-0.510.170.220.410.530.790.980.490.80.620.50.55
0.920.370.610.94-0.750.560.950.970.95-0.440.20.20.610.390.90.860.350.910.770.570.58
-0.89-0.11-0.87-0.78-0.75-0.73-0.85-0.89-0.870.90.360.42-0.76-0.07-0.88-0.74-0.06-0.88-0.86-0.83-0.94
0.82-0.40.880.360.56-0.730.780.650.5-0.7-0.33-0.530.99-0.430.850.21-0.440.840.940.880.87
0.990.090.820.850.95-0.850.780.960.9-0.640.06-0.040.80.090.990.740.050.990.910.80.78
0.960.330.720.940.97-0.890.650.960.98-0.64-0.03-0.040.70.320.950.870.290.950.850.690.75
0.90.420.660.980.95-0.870.50.90.98-0.620.040.060.550.420.870.950.390.880.740.620.68
-0.680.24-0.91-0.51-0.440.9-0.7-0.64-0.64-0.620.440.59-0.690.28-0.68-0.490.28-0.68-0.71-0.89-0.95
-0.060.04-0.210.170.20.36-0.330.06-0.030.040.440.93-0.370.14-0.090.150.09-0.07-0.29-0.17-0.47
-0.150.37-0.440.220.20.42-0.53-0.04-0.040.060.590.93-0.530.46-0.190.240.42-0.17-0.41-0.42-0.62
0.85-0.290.860.410.61-0.760.990.80.70.55-0.69-0.37-0.53-0.330.880.27-0.340.870.970.850.87
0.080.99-0.390.530.39-0.07-0.430.090.320.420.280.140.46-0.330.040.61.00.05-0.11-0.45-0.25
1.00.050.850.790.9-0.880.850.990.950.87-0.68-0.09-0.190.880.040.670.011.00.960.820.84
0.720.590.450.980.86-0.740.210.740.870.95-0.490.150.240.270.60.670.570.690.490.410.48
0.051.0-0.420.490.35-0.06-0.440.050.290.390.280.090.42-0.341.00.010.570.02-0.13-0.47-0.26
1.00.060.850.80.91-0.880.840.990.950.88-0.68-0.07-0.170.870.051.00.690.020.960.820.83
0.95-0.080.860.620.77-0.860.940.910.850.74-0.71-0.29-0.410.97-0.110.960.49-0.130.960.840.89
0.81-0.431.00.50.57-0.830.880.80.690.62-0.89-0.17-0.420.85-0.450.820.41-0.470.820.840.92
0.83-0.20.950.550.58-0.940.870.780.750.68-0.95-0.47-0.620.87-0.250.840.48-0.260.830.890.92
Click cells to compare fundamentals

Ocean Harvest Account Relationship Matchups

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Other Information on Investing in Ocean Stock

Balance Sheet is a snapshot of the financial position of Ocean Harvest Technology at a specified time, usually calculated after every quarter, six months, or one year. Ocean Harvest Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ocean Harvest 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 Ocean currently owns. An asset can also be divided into two categories, current and non-current.