Opthea Cash vs Net Debt Analysis

OPT Stock

USD 3.69 0.36 10.81%

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

For more information on how to buy Opthea Stock please use our How to Invest in Opthea guide.

Cash vs Net Debt

Cash vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Opthea Cash account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Opthea's Cash and Net Debt is -0.64. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Debt in the same time period over historical financial statements of Opthea, assuming nothing else is changed. The correlation between historical values of Opthea's Cash 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 Cash of Opthea 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 Cash i.e., Opthea's Cash and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.64

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Cash

Cash refers to the most liquid asset of Opthea, which is listed under current asset account on Opthea balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Opthea customers. The amounts must be unrestricted with restricted cash listed in a different Opthea account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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 Opthea's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Opthea 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 Opthea. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Opthea Stock please use our How to Invest in Opthea guide.At this time, Opthea's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 166.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (0.61) in 2024.

Opthea fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Long Term Debt Total	Short Term Debt	Non Current Liabilities Total	Accounts Payable	Other Current Assets
Total Assets		0.73	0.81	-0.07	0.56	-0.66	-0.88	1.0	-0.38	0.89	0.13	0.95	0.81	0.41	0.92	0.58	0.07	0.8	0.19	1.0	0.95	0.7	0.71	0.79	0.81	0.21
Other Current Liab	0.73		0.96	-0.58	0.15	0.02	-0.79	0.75	-0.21	0.94	0.13	0.58	0.79	0.38	0.68	0.01	0.05	0.91	-0.02	0.73	0.72	0.99	0.34	0.89	0.95	0.11
Total Current Liabilities	0.81	0.96		-0.61	0.36	-0.15	-0.92	0.82	-0.27	0.92	0.13	0.69	0.84	0.4	0.77	0.2	0.05	0.98	0.1	0.81	0.85	0.94	0.43	0.97	1.0	0.25
Total Stockholder Equity	-0.07	-0.58	-0.61		-0.07	-0.54	0.42	-0.11	-0.07	-0.33	-0.06	0.03	-0.32	-0.09	-0.05	0.39	0.24	-0.66	-0.05	-0.07	-0.2	-0.64	0.25	-0.66	-0.61	-0.08
Property Plant And Equipment Net	0.56	0.15	0.36	-0.07		-0.66	-0.57	0.58	-0.01	0.26	-0.13	0.63	0.36	0.39	0.5	0.58	-0.22	0.46	0.74	0.57	0.59	0.16	0.57	0.49	0.36	0.17
Net Debt	-0.66	0.02	-0.15	-0.54	-0.66		0.45	-0.64	0.36	-0.27	0.02	-0.75	-0.34	-0.2	-0.64	-0.88	-0.15	-0.17	-0.33	-0.67	-0.62	0.07	-0.69	-0.18	-0.15	-0.23
Retained Earnings	-0.88	-0.79	-0.92	0.42	-0.57	0.45		-0.89	0.38	-0.84	-0.14	-0.82	-0.84	-0.38	-0.88	-0.55	-0.19	-0.92	-0.19	-0.88	-0.97	-0.75	-0.58	-0.91	-0.92	-0.42
Cash	1.0	0.75	0.82	-0.11	0.58	-0.64	-0.89		-0.38	0.89	0.07	0.94	0.82	0.41	0.92	0.55	0.02	0.82	0.24	1.0	0.94	0.72	0.69	0.82	0.82	0.18
Non Current Assets Total	-0.38	-0.21	-0.27	-0.07	-0.01	0.36	0.38	-0.38		-0.3	0.19	-0.39	-0.42	0.02	-0.54	-0.38	-0.21	-0.25	-0.02	-0.4	-0.41	-0.17	-0.2	-0.24	-0.28	-0.29
Non Currrent Assets Other	0.89	0.94	0.92	-0.33	0.26	-0.27	-0.84	0.89	-0.3		0.16	0.77	0.83	0.33	0.8	0.25	0.1	0.87	-0.01	0.88	0.84	0.91	0.48	0.85	0.91	0.1
Other Assets	0.13	0.13	0.13	-0.06	-0.13	0.02	-0.14	0.07	0.19	0.16		0.05	-0.13	-0.04	-0.09	0.11	0.07	0.13	-0.71	0.07	0.14	0.1	0.06	0.13	0.12	0.22
Cash And Short Term Investments	0.95	0.58	0.69	0.03	0.63	-0.75	-0.82	0.94	-0.39	0.77	0.05		0.73	0.37	0.88	0.66	0.06	0.69	0.31	0.95	0.89	0.55	0.72	0.69	0.68	0.23
Net Receivables	0.81	0.79	0.84	-0.32	0.36	-0.34	-0.84	0.82	-0.42	0.83	-0.13	0.73		0.43	0.89	0.37	0.16	0.8	0.23	0.82	0.83	0.76	0.56	0.79	0.85	0.1
Good Will	0.41	0.38	0.4	-0.09	0.39	-0.2	-0.38	0.41	0.02	0.33	-0.04	0.37	0.43		0.5	0.13	0.04	0.37	0.39	0.41	0.41	0.36	0.81	0.35	0.41	0.21
Common Stock Total Equity	0.92	0.68	0.77	-0.05	0.5	-0.64	-0.88	0.92	-0.54	0.8	-0.09	0.88	0.89	0.5		0.64	0.3	0.73	0.27	0.93	0.94	0.61	0.76	0.71	0.78	0.35
Common Stock Shares Outstanding	0.58	0.01	0.2	0.39	0.58	-0.88	-0.55	0.55	-0.38	0.25	0.11	0.66	0.37	0.13	0.64		0.49	0.2	0.16	0.58	0.68	-0.09	0.64	0.2	0.21	0.49
Other Stockholder Equity	0.07	0.05	0.05	0.24	-0.22	-0.15	-0.19	0.02	-0.21	0.1	0.07	0.06	0.16	0.04	0.3	0.49		-0.09	-0.31	0.07	0.25	-0.1	0.27	-0.13	0.06	0.53
Total Liab	0.8	0.91	0.98	-0.66	0.46	-0.17	-0.92	0.82	-0.25	0.87	0.13	0.69	0.8	0.37	0.73	0.2	-0.09		0.17	0.8	0.84	0.92	0.39	1.0	0.98	0.21
Property Plant And Equipment Gross	0.19	-0.02	0.1	-0.05	0.74	-0.33	-0.19	0.24	-0.02	-0.01	-0.71	0.31	0.23	0.39	0.27	0.16	-0.31	0.17		0.23	0.18	0.02	0.34	0.19	0.1	-0.08
Total Current Assets	1.0	0.73	0.81	-0.07	0.57	-0.67	-0.88	1.0	-0.4	0.88	0.07	0.95	0.82	0.41	0.93	0.58	0.07	0.8	0.23		0.94	0.69	0.71	0.79	0.8	0.2
Common Stock	0.95	0.72	0.85	-0.2	0.59	-0.62	-0.97	0.94	-0.41	0.84	0.14	0.89	0.83	0.41	0.94	0.68	0.25	0.84	0.18	0.94		0.67	0.7	0.83	0.85	0.4
Short Long Term Debt Total	0.7	0.99	0.94	-0.64	0.16	0.07	-0.75	0.72	-0.17	0.91	0.1	0.55	0.76	0.36	0.61	-0.09	-0.1	0.92	0.02	0.69	0.67		0.27	0.9	0.93	0.02
Short Term Debt	0.71	0.34	0.43	0.25	0.57	-0.69	-0.58	0.69	-0.2	0.48	0.06	0.72	0.56	0.81	0.76	0.64	0.27	0.39	0.34	0.71	0.7	0.27		0.37	0.43	0.33
Non Current Liabilities Total	0.79	0.89	0.97	-0.66	0.49	-0.18	-0.91	0.82	-0.24	0.85	0.13	0.69	0.79	0.35	0.71	0.2	-0.13	1.0	0.19	0.79	0.83	0.9	0.37		0.97	0.19
Accounts Payable	0.81	0.95	1.0	-0.61	0.36	-0.15	-0.92	0.82	-0.28	0.91	0.12	0.68	0.85	0.41	0.78	0.21	0.06	0.98	0.1	0.8	0.85	0.93	0.43	0.97		0.28
Other Current Assets	0.21	0.11	0.25	-0.08	0.17	-0.23	-0.42	0.18	-0.29	0.1	0.22	0.23	0.1	0.21	0.35	0.49	0.53	0.21	-0.08	0.2	0.4	0.02	0.33	0.19	0.28

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Opthea Account Relationship Matchups

Opthea fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	34.3M	184.4M	87.3M	148.2M	188.8M	198.2M
Other Current Liab	113.3K	1.5M	6.0M	728.8K	25.9M	27.2M
Total Current Liabilities	3.3M	4.1M	17.5M	28.2M	64.1M	67.3M
Total Stockholder Equity	30.9M	180.2M	69.8M	(8.8M)	(75.8M)	(72.0M)
Property Plant And Equipment Net	133.7K	156.0K	40.8K	302.7K	132.0K	125.4K
Net Debt	(42.5M)	(157.3M)	(64.9M)	(133.7M)	(30.8M)	(32.4M)
Retained Earnings	(54.6M)	(165.3M)	(315.5M)	(540.0M)	(579.7M)	(550.7M)
Cash	42.7M	157.4M	64.9M	134.0M	172.5M	181.1M
Non Current Assets Total	271.9K	388.5K	201.2K	383.1K	598.7K	568.7K
Cash And Short Term Investments	42.7M	157.4M	64.9M	134.0M	172.5M	94.7M
Net Receivables	6.1M	5.5M	6.6M	6.6M	11.8M	12.4M
Common Stock Total Equity	98.4M	113.0M	162.1M	234.1M	269.3M	282.7M
Common Stock Shares Outstanding	34.6M	339.9M	372.9M	469.6M	79.8M	46.6M
Liabilities And Stockholders Equity	34.3M	184.4M	87.3M	148.2M	188.8M	198.2M
Other Stockholder Equity	(0.81)	25.3M	48.0B	1.0	1.15	1.09
Total Liab	3.4M	4.2M	17.6M	157.0M	264.6M	277.8M
Property Plant And Equipment Gross	280.7K	117.1K	28.1K	201.5K	132.0K	86.3K
Total Current Assets	49.0M	184.0M	87.1M	147.8M	188.2M	197.6M
Accumulated Other Comprehensive Income	6.6M	33.6M	43.1M	49.2M	37.8M	39.7M
Common Stock	78.9M	311.9M	342.1M	482.1M	466.1M	489.4M
Non Current Liabilities Total	76.3K	22.5K	40.7K	128.8M	200.5M	210.6M
Accounts Payable	2.8M	2.4M	11.4M	17.8M	38.1M	40.0M
Other Current Assets	329.5K	19.6K	8.7M	7.3M	3.9M	2.0M
Other Liab	40.2K	16.9K	28.0K	7.6K	6.9K	6.5K
Net Tangible Assets	64.8M	135.3M	48.0M	(5.9M)	(5.3M)	(5.0M)
Net Invested Capital	64.8M	135.3M	48.0M	(5.8M)	65.7M	43.2M
Net Working Capital	64.4M	135.0M	47.9M	79.7M	124.1M	78.7M
Property Plant Equipment	280.7K	117.1K	28.1K	201.5K	231.7K	128.0K
Capital Stock	111.4M	234.1M	235.3M	320.9M	466.1M	265.3M

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