California Cash Beginning of Year vs Capital Expenditure Analysis
CRC Stock | USD 53.69 0.12 0.22% |
Trend analysis of California Resources Corp balance sheet accounts such as Total Assets of 5.9 B, Other Current Liabilities of 320.9 M or Total Current Liabilities of 766.5 M provides information on California Resources' total assets, liabilities, and equity, which is the actual value of California Resources Corp to its prevalent stockholders. By breaking down trends over time using California Resources balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
California |
About California Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of California Resources Corp at a specified time, usually calculated after every quarter, six months, or one year. California Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of California Resources 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 California currently owns. An asset can also be divided into two categories, current and non-current.
California Resources Balance Sheet Chart
California Resources Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how California Resources Corp uses and utilizes its capital. It also shows what exactly a company owns and owes.
At present, California Resources' Total Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Property Plant And Equipment Net is expected to grow to about 5.4 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 65.1 M. Add Fundamental
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Assets
Total assets refers to the total amount of California Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in California Resources Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on California Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of California Resources Corp 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.Most indicators from California Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into California Resources Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in California Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At present, California Resources' Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 4.18, whereas Selling General Administrative is forecasted to decline to about 222.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 1.8B | 1.3B | 1.1B | Total Revenue | 2.6B | 3.3B | 2.8B | 2.4B |
California Resources fundamental ratios Correlations
Click cells to compare fundamentals
California Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
California Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 49M | 83.3M | 83M | 77.6M | 72.5M | 65.1M | |
Total Assets | 7.0B | 3.1B | 3.8B | 4.0B | 4.0B | 5.9B | |
Other Current Liab | 285M | 71M | 520M | 531M | 338M | 320.9M | |
Total Current Liabilities | 709M | 473M | 854M | 894M | 616M | 766.5M | |
Total Stockholder Equity | (296M) | 1.2B | 1.7B | 1.9B | 2.2B | 1.8B | |
Property Plant And Equipment Net | 6.4B | 2.7B | 2.6B | 2.9B | 2.8B | 5.4B | |
Accounts Payable | 296M | 212M | 266M | 345M | 245M | 259.6M | |
Non Current Assets Total | 6.5B | 2.7B | 3.1B | 3.1B | 3.1B | 5.5B | |
Non Currrent Assets Other | 114M | 90M | 98M | 67M | 69M | 71.9M | |
Net Receivables | 347M | 219M | 292M | 408M | 278M | 314.2M | |
Liabilities And Stockholders Equity | 7.0B | 3.1B | 3.8B | 4.0B | 4.0B | 5.9B | |
Non Current Liabilities Total | 5.7B | 1.4B | 1.3B | 1.2B | 1.2B | 1.1B | |
Inventory | 69M | 67M | 61M | 60M | 72M | 52.5M | |
Other Current Assets | 2M | 1M | 9M | 12M | 83M | 87.2M | |
Other Stockholder Equity | 4.7B | 1.3B | 1.1B | 844M | 725M | 688.8M | |
Total Liab | 6.5B | 1.9B | 2.2B | 2.1B | 1.8B | 1.7B | |
Property Plant And Equipment Gross | 6.4B | 2.7B | 2.8B | 3.3B | 3.5B | 5.5B | |
Total Current Assets | 491M | 329M | 753M | 864M | 929M | 606.0M | |
Short Long Term Debt Total | 5.0B | 639M | 637M | 662M | 610M | 579.5M | |
Net Debt | 5.0B | 611M | 332M | 355M | 114M | 108.3M | |
Retained Earnings | (5.4B) | (123M) | 475M | 938M | 1.4B | 1.5B | |
Common Stock | (814M) | (361M) | (389M) | 1M | 1.2M | 1.2M | |
Short Term Debt | 128M | 7M | 11M | 18M | 15M | 14.3M | |
Other Liab | 682M | 787M | 678M | 565M | 508.5M | 618.2M | |
Net Tangible Assets | (389M) | 1.1B | 1.7B | 1.9B | 2.1B | 2.3B | |
Long Term Debt | 4.9B | 597M | 589M | 592M | 540M | 513M | |
Long Term Debt Total | 4.9B | 597M | 589M | 592M | 532.8M | 506.2M | |
Capital Surpluse | 5.0B | 1.3B | 1.3B | 1.3B | 1.2B | 1.1B | |
Non Current Liabilities Other | 682M | 19M | 583M | 617M | 62M | 58.9M | |
Property Plant Equipment | 6.4B | 2.7B | 2.6B | 2.9B | 2.6B | 3.7B | |
Net Invested Capital | 4.6B | 1.7B | 2.3B | 2.5B | 2.8B | 2.7B | |
Net Working Capital | (218M) | (144M) | (101M) | (30M) | 313M | 328.7M |
Pair Trading with California Resources
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 California Resources 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 California Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with California Stock
0.7 | AR | Antero Resources Corp Earnings Call This Week | PairCorr |
0.75 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
0.66 | SD | SandRidge Energy | PairCorr |
0.72 | SM | SM Energy Financial Report 25th of April 2024 | PairCorr |
Moving against California Stock
0.62 | VIVK | Vivakor Report 23rd of May 2024 | PairCorr |
0.61 | EP | Empire Petroleum Corp Downward Rally | PairCorr |
The ability to find closely correlated positions to California Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Resources 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 California Resources - 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 California Resources Corp to buy it.
The correlation of California Resources 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 California Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Resources Corp 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 California Resources 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in California Resources Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for California Stock analysis
When running California Resources' price analysis, check to measure California Resources' 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 California Resources is operating at the current time. Most of California Resources' value examination focuses on studying past and present price action to predict the probability of California Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Resources' price. Additionally, you may evaluate how the addition of California Resources to your portfolios can decrease your overall portfolio volatility.
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume |
Is California Resources' 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 California Resources. If investors know California 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 California Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.36 | Dividend Share 1.158 | Earnings Share 7.78 | Revenue Per Share 39.756 | Quarterly Revenue Growth (0.28) |
The market value of California Resources Corp is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Resources' value that differs from its market value or its book value, called intrinsic value, which is California Resources' 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 California Resources' market value can be influenced by many factors that don't directly affect California Resources' 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 California Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if California Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Resources' 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.