Draganfly Net Debt vs Current Deferred Revenue Analysis
| DPRO Stock | USD 2.28 0.03 1.30% |
Draganfly financial indicator trend analysis is much more than just examining Draganfly latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Draganfly is a good investment. Please check the relationship between Draganfly Net Debt and its Current Deferred Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Draganfly. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.
Net Debt vs Current Deferred Revenue
Net Debt vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Draganfly Net Debt account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Draganfly's Net Debt and Current Deferred Revenue is -0.57. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Draganfly, assuming nothing else is changed. The correlation between historical values of Draganfly's Net Debt 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 Net Debt of Draganfly 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 Net Debt i.e., Draganfly's Net Debt and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.57 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
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.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 Draganfly's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Draganfly 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 Draganfly. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.As of the 7th of September 2024, Enterprise Value is likely to grow to about 1.2 B, while Selling General Administrative is likely to drop about 13.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.6M | 790.7K | 1.5M | 1.6M | Total Revenue | 7.1M | 7.6M | 6.6M | 5.2M |
Draganfly fundamental ratios Correlations
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Draganfly Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Draganfly fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 172.3K | 1.8M | 6.0M | 2.1M | 5.8M | 6.0M | |
| Total Current Liabilities | 937.4K | 3.1M | 6.7M | 3.3M | 7.4M | 4.8M | |
| Net Tangible Assets | 2.2M | 1.4M | 28.4M | 10.9M | 12.5M | 6.4M | |
| Retained Earnings | (28.1M) | (36.1M) | (52.3M) | (80.0M) | (103.6M) | (98.4M) | |
| Accounts Payable | 688.3K | 813.9K | 362.9K | 751.4K | 1.3M | 790.7K | |
| Net Receivables | 224.7K | 810.8K | 1.6M | 2.3M | 649.6K | 895.9K | |
| Inventory | 48.6K | 1.2M | 3.4M | 1.1M | 1.6M | 1.2M | |
| Other Stockholder Equity | 2.5M | 3.0M | 6.4M | 7.3M | 8.4M | 8.8M | |
| Total Current Assets | 3.0M | 4.4M | 33.6M | 13.5M | 6.7M | 9.7M | |
| Common Stock | 27.8M | 36.9M | 81.0M | 83.6M | 97.1M | 55.2M | |
| Property Plant Equipment | 234.5K | 290.8K | 759.9K | 749.4K | 861.9K | 904.9K | |
| Total Assets | 3.2M | 7.1M | 42.1M | 14.6M | 8.3M | 13.9M | |
| Short Long Term Debt Total | 136.1K | 256.0K | 582.4K | 465.2K | 795.1K | 571.5K | |
| Total Stockholder Equity | 2.2M | 3.8M | 34.9M | 11.0M | 407.7K | 387.3K | |
| Property Plant And Equipment Net | 245.1K | 298.3K | 765.1K | 749.4K | 1.4M | 1.5M | |
| Net Debt | (2.3M) | (1.7M) | (22.5M) | (7.4M) | (2.3M) | (2.4M) | |
| Cash | 2.4M | 2.0M | 23.1M | 7.9M | 3.1M | 2.9M | |
| Non Current Assets Total | 246.5K | 2.7M | 8.6M | 1.1M | 1.6M | 2.7M | |
| Non Currrent Assets Other | (246.5K) | (2.7M) | 964.0K | (1.1M) | 56.4K | 59.2K | |
| Cash And Short Term Investments | 2.4M | 2.0M | 23.1M | 7.9M | 3.1M | 2.9M | |
| Common Stock Shares Outstanding | 13.9M | 15.4M | 27.6M | 33.6M | 42.2M | 26.9M | |
| Liabilities And Stockholders Equity | 3.2M | 7.1M | 42.1M | 14.6M | 8.3M | 13.9M | |
| Non Current Liabilities Total | 93.1K | 104.9K | 465.2K | 249.7K | 523.6K | 263.4K | |
| Capital Lease Obligations | 136.1K | 158.1K | 489.1K | 378.6K | 790.0K | 829.5K | |
| Other Current Assets | 272.6K | 335.0K | 5.5M | 2.3M | 1.3M | 1.8M | |
| Total Liab | 1.0M | 3.3M | 7.2M | 3.6M | 7.9M | 5.1M | |
| Net Invested Capital | 2.2M | 3.9M | 35.0M | 11.1M | 492.8K | 468.1K | |
| Property Plant And Equipment Gross | 245.1K | 298.3K | 1.2M | 1.6M | 2.7M | 2.9M | |
| Accumulated Other Comprehensive Income | 2.5M | 3.0M | (196.1K) | 153.0K | 6.9M | 7.3M | |
| Capital Stock | 27.8M | 36.9M | 81.0M | 83.6M | 97.1M | 62.2M | |
| Net Working Capital | 2.0M | 1.2M | 26.8M | 10.2M | (717.0K) | (681.2K) | |
| Short Term Debt | 43K | 156.2K | 117.2K | 215.5K | 367.1K | 393.4K | |
| Intangible Assets | 1.4K | 273.9K | 593.9K | 179.8K | 56.4K | 53.6K |
Pair Trading with Draganfly
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 Draganfly 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 Draganfly will appreciate offsetting losses from the drop in the long position's value.Moving together with Draganfly Stock
| 0.76 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against Draganfly Stock
| 0.93 | LMT | Lockheed Martin Fiscal Year End 28th of January 2025 | PairCorr |
| 0.92 | NOC | Northrop Grumman Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.86 | HEI | Heico Fiscal Year End 16th of December 2024 | PairCorr |
| 0.86 | RTX | Raytheon Technologies Fiscal Year End 28th of January 2025 | PairCorr |
| 0.84 | HWM | Howmet Aerospace | PairCorr |
The ability to find closely correlated positions to Draganfly could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Draganfly 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 Draganfly - 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 Draganfly to buy it.
The correlation of Draganfly 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 Draganfly moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Draganfly 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 Draganfly 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.Additional Information and Resources on Investing in Draganfly Stock
When determining whether Draganfly offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Draganfly's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Draganfly Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Draganfly Stock:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Draganfly. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Industrial Machinery & Supplies & Components space 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 Draganfly. If investors know Draganfly 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 Draganfly listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.29) | Revenue Per Share 2.826 | Quarterly Revenue Growth (0.09) | Return On Assets (0.86) | Return On Equity (6.07) |
The market value of Draganfly is measured differently than its book value, which is the value of Draganfly that is recorded on the company's balance sheet. Investors also form their own opinion of Draganfly's value that differs from its market value or its book value, called intrinsic value, which is Draganfly's 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 Draganfly's market value can be influenced by many factors that don't directly affect Draganfly's 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 Draganfly's value and its price as these two are different measures arrived at by different means. Investors typically determine if Draganfly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Draganfly's 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.