DDD Long Term Debt Total vs Short Term Debt Analysis
DDD Stock | USD 3.96 0.23 6.17% |
3D Systems financial indicator trend analysis is way more than just evaluating 3D Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 3D Systems is a good investment. Please check the relationship between 3D Systems Long Term Debt Total and its Short Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 3D Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade DDD Stock refer to our How to Trade DDD Stock guide.
Long Term Debt Total vs Short Term Debt
Long Term Debt Total vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 3D Systems Long Term Debt Total account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between 3D Systems' Long Term Debt Total and Short Term Debt is 0.62. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of 3D Systems, assuming nothing else is changed. The correlation between historical values of 3D Systems' Long Term Debt Total and Short Term 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 Long Term Debt Total of 3D Systems are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Long Term Debt Total i.e., 3D Systems' Long Term Debt Total and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Debt Total
Short Term Debt
Most indicators from 3D Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 3D Systems 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 3D Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade DDD Stock refer to our How to Trade DDD Stock guide.At present, 3D Systems' Tax Provision is projected to decrease significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 263.8M | 214.2M | 200.2M | 127.9M | Total Revenue | 615.6M | 538.0M | 488.1M | 281.6M |
3D Systems fundamental ratios Correlations
Click cells to compare fundamentals
3D Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
3D Systems fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 807.3M | 733.1M | 1.5B | 1.4B | 980.2M | 1.0B | |
Short Long Term Debt Total | 92.7M | 79.3M | 502.6M | 501.2M | 386.1M | 405.4M | |
Other Current Liab | 63.1M | 80.9M | 77.0M | 55.6M | 54.8M | 31.3M | |
Total Current Liabilities | 163.0M | 175.7M | 178.0M | 152.8M | 145.0M | 76.5M | |
Total Stockholder Equity | 522.2M | 430.7M | 842.4M | 749.9M | 418.5M | 303.0M | |
Property Plant And Equipment Net | 129.8M | 124.0M | 103.6M | 101.7M | 135.0M | 141.8M | |
Net Debt | (41.0M) | 4.3M | (287.0M) | 113.1M | 54.4M | 57.2M | |
Retained Earnings | (793.7M) | (943.3M) | (621.3M) | (744.0M) | (1.1B) | (1.1B) | |
Cash | 133.7M | 75.0M | 789.7M | 388.1M | 331.6M | 348.2M | |
Non Current Assets Total | 434.1M | 375.5M | 517.4M | 613.3M | 357.4M | 226.3M | |
Non Currrent Assets Other | 18.1M | 61.7M | 22.3M | 11.6M | 46.8M | 49.1M | |
Cash And Short Term Investments | 133.7M | 75.0M | 789.7M | 568.7M | 331.6M | 348.2M | |
Net Receivables | 109.4M | 114.3M | 106.5M | 93.9M | 102.1M | 61.5M | |
Common Stock Shares Outstanding | 113.8M | 117.6M | 122.9M | 127.8M | 129.9M | 69.6M | |
Liabilities And Stockholders Equity | 807.3M | 733.1M | 1.5B | 1.4B | 980.2M | 1.0B | |
Non Current Liabilities Total | 130.5M | 126.6M | 528.7M | 543.0M | 414.7M | 435.4M | |
Inventory | 111.1M | 116.7M | 92.9M | 137.8M | 152.4M | 160.0M | |
Other Current Assets | 19.0M | 33.1M | 42.7M | 33.8M | 36.6M | 38.4M | |
Other Stockholder Equity | 1.4B | 1.4B | 1.5B | 1.5B | 1.6B | 1.7B | |
Total Liab | 293.4M | 302.3M | 706.7M | 695.8M | 559.7M | 587.7M | |
Property Plant And Equipment Gross | 129.8M | 124.0M | 57.3M | 101.7M | 117.0M | 122.8M | |
Total Current Assets | 373.2M | 357.5M | 1.0B | 834.2M | 622.7M | 653.9M | |
Accumulated Other Comprehensive Income | (37.0M) | (8.5M) | (37.7M) | (53.8M) | (44.6M) | (42.4M) | |
Short Term Debt | 12.1M | 11.6M | 8.3M | 10.1M | 9.9M | 10.4M | |
Accounts Payable | 49.9M | 45.2M | 57.4M | 53.8M | 49.8M | 27.7M | |
Intangible Assets | 48.3M | 28.1M | 45.8M | 90.2M | 62.7M | 55.3M | |
Other Liab | 49.8M | 58.9M | 34.4M | 51.8M | 59.6M | 62.6M | |
Other Assets | 24.5M | 110.3M | 22.3M | 36.0M | 41.4M | 43.5M | |
Long Term Debt | 45.2M | 19.2M | 446.9M | 449.5M | 516.9M | 542.8M | |
Common Stock Total Equity | 117K | 120K | 128K | 131K | 150.7K | 158.2K | |
Treasury Stock | (8.2M) | (15.6M) | (18.8M) | (22.6M) | (20.3M) | (19.3M) | |
Common Stock | 117K | 120K | 128K | 131K | 134K | 74.1K | |
Property Plant Equipment | 92.9M | 75.4M | 103.6M | 101.7M | 117.0M | 122.8M | |
Current Deferred Revenue | 37.9M | 38.1M | 35.3M | 33.4M | 30.4M | 26.6M | |
Good Will | 223.2M | 161.8M | 345.6M | 385.3M | 107.2M | 183.0M | |
Net Tangible Assets | 250.6M | 402.6M | 451.0M | 276.2M | 317.6M | 342.6M | |
Retained Earnings Total Equity | (793.7M) | (943.3M) | (621.3M) | (744.0M) | (669.6M) | (703.0M) | |
Long Term Debt Total | 45.2M | 29.4M | 446.9M | 449.5M | 516.9M | 542.8M |
Pair Trading with 3D Systems
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 3D Systems 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 3D Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with DDD Stock
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Moving against DDD Stock
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The ability to find closely correlated positions to 3D Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 3D Systems 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 3D Systems - 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 3D Systems to buy it.
The correlation of 3D Systems 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 3D Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 3D Systems 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 3D Systems 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 3D Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade DDD Stock refer to our How to Trade DDD Stock guide.Note that the 3D Systems information on this page should be used as a complementary analysis to other 3D Systems' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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When running 3D Systems' price analysis, check to measure 3D Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 3D Systems is operating at the current time. Most of 3D Systems' value examination focuses on studying past and present price action to predict the probability of 3D Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3D Systems' price. Additionally, you may evaluate how the addition of 3D Systems to your portfolios can decrease your overall portfolio volatility.
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Is 3D Systems' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 3D Systems. If investors know DDD will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 3D Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.85) | Revenue Per Share 3.756 | Quarterly Revenue Growth (0.14) | Return On Assets (0.05) | Return On Equity (0.63) |
The market value of 3D Systems is measured differently than its book value, which is the value of DDD that is recorded on the company's balance sheet. Investors also form their own opinion of 3D Systems' value that differs from its market value or its book value, called intrinsic value, which is 3D Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 3D Systems' market value can be influenced by many factors that don't directly affect 3D Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 3D Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if 3D Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3D Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.