Syntec Total Current Liabilities vs Depreciation And Amortization Analysis

OPTX Stock   3.12  0.38  10.86%   
Syntec Optics financial indicator trend analysis is much more than just breaking down Syntec Optics Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Syntec Optics Holdings is a good investment. Please check the relationship between Syntec Optics Total Current Liabilities and its Depreciation And Amortization accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Syntec Optics Holdings. 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.

Total Current Liabilities vs Depreciation And Amortization

Total Current Liabilities vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Syntec Optics Holdings Total Current Liabilities account and Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between Syntec Optics' Total Current Liabilities and Depreciation And Amortization is 0.73. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Syntec Optics Holdings, assuming nothing else is changed. The correlation between historical values of Syntec Optics' Total Current Liabilities and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Syntec Optics Holdings are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Current Liabilities i.e., Syntec Optics' Total Current Liabilities and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Liabilities

Total Current Liabilities is an item on Syntec Optics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Syntec Optics Holdings are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Syntec Optics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Syntec Optics Holdings 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 Syntec Optics Holdings. 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.
At this time, Syntec Optics' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to rise to about 194.7 M in 2024, despite the fact that Tax Provision is likely to grow to (683.2 K).
 2010 2022 2023 2024 (projected)
Interest Expense194.8K336.0K654.8K434.7K
Depreciation And Amortization3.2M3.1M2.8M2.4M

Syntec Optics fundamental ratios Correlations

0.82-0.261.0-0.310.87-0.580.660.890.150.880.88-0.820.840.88-0.71-0.830.70.80.020.45-0.810.911.0-0.760.79
0.82-0.740.79-0.741.0-0.940.950.95-0.360.690.99-0.980.970.69-0.98-0.940.981.0-0.440.85-1.00.980.83-0.880.98
-0.26-0.74-0.210.99-0.690.89-0.9-0.520.89-0.05-0.660.64-0.62-0.050.850.54-0.81-0.750.9-0.980.73-0.6-0.30.74-0.79
1.00.79-0.21-0.260.84-0.540.620.880.20.890.86-0.80.810.89-0.67-0.810.670.770.070.41-0.780.890.99-0.730.76
-0.31-0.740.99-0.26-0.70.85-0.91-0.50.89-0.02-0.670.62-0.59-0.020.830.5-0.78-0.730.93-0.980.71-0.6-0.360.81-0.82
0.871.0-0.690.84-0.7-0.910.930.96-0.30.731.0-0.980.970.73-0.97-0.940.960.99-0.390.82-0.990.990.87-0.890.98
-0.58-0.940.89-0.540.85-0.91-0.96-0.840.58-0.49-0.890.92-0.91-0.490.980.86-0.99-0.950.6-0.930.95-0.87-0.590.78-0.92
0.660.95-0.90.62-0.910.93-0.960.82-0.620.440.92-0.880.870.44-0.98-0.810.960.95-0.690.97-0.940.880.68-0.920.98
0.890.95-0.520.88-0.50.96-0.840.82-0.080.870.97-0.990.990.87-0.9-0.990.920.96-0.150.66-0.960.990.88-0.740.89
0.15-0.360.890.20.89-0.30.58-0.62-0.080.41-0.270.22-0.190.410.510.09-0.45-0.370.98-0.790.34-0.180.10.49-0.47
0.880.69-0.050.89-0.020.73-0.490.440.870.410.75-0.790.811.0-0.57-0.860.620.70.350.22-0.720.810.83-0.430.58
0.880.99-0.660.86-0.671.0-0.890.920.97-0.270.75-0.970.970.75-0.96-0.940.950.99-0.360.8-0.991.00.89-0.880.97
-0.82-0.980.64-0.80.62-0.980.92-0.88-0.990.22-0.79-0.97-1.0-0.790.950.99-0.97-0.990.28-0.760.99-0.98-0.810.77-0.92
0.840.97-0.620.81-0.590.97-0.910.870.99-0.190.810.97-1.00.81-0.94-0.990.960.98-0.250.74-0.990.980.82-0.760.92
0.880.69-0.050.89-0.020.73-0.490.440.870.411.00.75-0.790.81-0.57-0.860.620.70.350.22-0.720.810.83-0.430.58
-0.71-0.980.85-0.670.83-0.970.98-0.98-0.90.51-0.57-0.960.95-0.94-0.570.89-0.99-0.990.57-0.930.98-0.93-0.720.87-0.98
-0.83-0.940.54-0.810.5-0.940.86-0.81-0.990.09-0.86-0.940.99-0.99-0.860.89-0.93-0.950.14-0.660.96-0.96-0.810.68-0.86
0.70.98-0.810.67-0.780.96-0.990.960.92-0.450.620.95-0.970.960.62-0.99-0.930.99-0.490.89-0.990.930.7-0.80.95
0.81.0-0.750.77-0.730.99-0.950.950.96-0.370.70.99-0.990.980.7-0.99-0.950.99-0.430.85-1.00.980.8-0.850.97
0.02-0.440.90.070.93-0.390.6-0.69-0.150.980.35-0.360.28-0.250.350.570.14-0.49-0.43-0.840.4-0.27-0.040.62-0.56
0.450.85-0.980.41-0.980.82-0.930.970.66-0.790.220.8-0.760.740.22-0.93-0.660.890.85-0.84-0.840.740.49-0.860.9
-0.81-1.00.73-0.780.71-0.990.95-0.94-0.960.34-0.72-0.990.99-0.99-0.720.980.96-0.99-1.00.4-0.84-0.98-0.810.84-0.97
0.910.98-0.60.89-0.60.99-0.870.880.99-0.180.811.0-0.980.980.81-0.93-0.960.930.98-0.270.74-0.980.91-0.850.95
1.00.83-0.30.99-0.360.87-0.590.680.880.10.830.89-0.810.820.83-0.72-0.810.70.8-0.040.49-0.810.91-0.810.81
-0.76-0.880.74-0.730.81-0.890.78-0.92-0.740.49-0.43-0.880.77-0.76-0.430.870.68-0.8-0.850.62-0.860.84-0.85-0.81-0.95
0.790.98-0.790.76-0.820.98-0.920.980.89-0.470.580.97-0.920.920.58-0.98-0.860.950.97-0.560.9-0.970.950.81-0.95
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Syntec Optics Account Relationship Matchups

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