One Total Liab vs Net Receivables Analysis
OGS Stock | USD 64.11 0.21 0.33% |
One Gas financial indicator trend analysis is much more than just breaking down One Gas prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether One Gas is a good investment. Please check the relationship between One Gas Total Liab and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in One Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more information on how to buy One Stock please use our How to Invest in One Gas guide.
Total Liab vs Net Receivables
Total Liab vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of One Gas Total Liab account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between One Gas' Total Liab and Net Receivables is 0.56. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Receivables in the same time period over historical financial statements of One Gas, assuming nothing else is changed. The correlation between historical values of One Gas' Total Liab and Net Receivables 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 Liab of One Gas are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Liab i.e., One Gas' Total Liab and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Net Receivables
Most indicators from One Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into One Gas 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 One Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more information on how to buy One Stock please use our How to Invest in One Gas guide.Tax Provision is likely to gain to about 46.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 427.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 60.3M | 77.5M | 121.0M | 66.3M | Depreciation And Amortization | 204.0M | 224.3M | 279.8M | 182.7M |
One Gas fundamental ratios Correlations
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One Gas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
One Gas fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 53.2M | 53.4M | 53.7M | 54.3M | 55.9M | 58.5M | |
Total Assets | 5.7B | 6.0B | 8.4B | 7.8B | 8.0B | 6.0B | |
Short Long Term Debt Total | 1.8B | 2.0B | 4.2B | 2.9B | 3.1B | 2.1B | |
Other Current Liab | 177.8M | 158.5M | 165.5M | 198.4M | 242.1M | 158.7M | |
Total Current Liabilities | 872.7M | 797.1M | 980.5M | 1.2B | 1.5B | 822.1M | |
Total Stockholder Equity | 2.1B | 2.2B | 2.3B | 2.6B | 2.8B | 2.1B | |
Other Liab | 1.4B | 1.4B | 1.4B | 1.3B | 1.5B | 1.1B | |
Property Plant And Equipment Net | 4.6B | 4.9B | 5.2B | 5.6B | 6.2B | 4.5B | |
Current Deferred Revenue | 58.0M | 68.0M | 62.5M | 57.9M | 62.2M | 66.6M | |
Net Debt | 1.8B | 2.0B | 4.2B | 2.9B | 3.0B | 2.1B | |
Accounts Payable | 120.5M | 152.3M | 258.6M | 360.5M | 278.1M | 196.8M | |
Cash | 17.9M | 8.0M | 8.9M | 9.7M | 39.4M | 41.4M | |
Non Current Assets Total | 5.2B | 5.5B | 6.2B | 6.6B | 7.2B | 5.2B | |
Non Currrent Assets Other | 478.9M | 463.8M | 828.8M | (250.3M) | 398.0M | 417.9M | |
Other Assets | 444.7M | 463.8M | 828.8M | 448.2M | 515.4M | 436.5M | |
Long Term Debt | 1.3B | 1.6B | 3.7B | 2.4B | 2.2B | 1.6B | |
Cash And Short Term Investments | 17.9M | 8.0M | 8.9M | 9.7M | 39.4M | 41.4M | |
Net Receivables | 260.0M | 293.0M | 341.8M | 553.8M | 347.9M | 355.3M | |
Liabilities And Stockholders Equity | 5.7B | 6.0B | 8.4B | 7.8B | 8.0B | 6.0B | |
Non Current Liabilities Total | 2.7B | 3.0B | 5.1B | 4.0B | 3.7B | 3.1B | |
Inventory | 160.0M | 146.7M | 234.5M | 340.1M | 264.7M | 202.2M | |
Other Current Assets | 68.3M | 92.2M | 1.6B | 305.6M | 113.2M | 107.5M | |
Other Stockholder Equity | 1.7B | 1.8B | 1.8B | 1.9B | 2.0B | 1.6B | |
Total Liab | 3.6B | 3.8B | 6.1B | 5.2B | 5.2B | 3.9B | |
Property Plant And Equipment Gross | 4.6B | 4.9B | 7.3B | 7.8B | 8.5B | 5.1B | |
Total Current Assets | 506.2M | 539.9M | 2.2B | 1.2B | 765.2M | 814.7M | |
Accumulated Other Comprehensive Income | (6.7M) | (7.8M) | (6.5M) | (704K) | (1.2M) | (1.2M) | |
Short Term Debt | 516.5M | 418.2M | 494M | 572.7M | 894.9M | 939.7M | |
Property Plant Equipment | 4.6B | 4.9B | 5.2B | 5.6B | 6.5B | 4.4B | |
Net Tangible Assets | 2.0B | 2.1B | 2.2B | 2.1B | 2.4B | 1.6B | |
Retained Earnings | 402.5M | 483.6M | 565.2M | 651.9M | 737.7M | 370.4M | |
Common Stock Total Equity | 528K | 532K | 536K | 553K | 636.0K | 525.1K | |
Retained Earnings Total Equity | 402.5M | 483.6M | 565.2M | 651.9M | 749.6M | 787.1M | |
Long Term Debt Total | 1.3B | 1.6B | 3.7B | 2.7B | 3.1B | 1.7B | |
Deferred Long Term Liab | 682.6M | 656.8M | 724.9M | 330.8M | 297.7M | 582.1M | |
Non Current Liabilities Other | 737.5M | 759.1M | 693.4M | 1.3B | 1.5B | 801.4M | |
Common Stock | 528K | 532K | 536K | 553K | 565K | 533.9K | |
Capital Surpluse | 1.7B | 1.8B | 1.8B | 1.9B | 2.2B | 1.9B | |
Short Long Term Debt | 516.5M | 418.2M | 494M | 572.7M | 888.9M | 933.4M |
Pair Trading with One Gas
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 One Gas 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 One Gas will appreciate offsetting losses from the drop in the long position's value.Moving together with One Stock
0.85 | NI | NiSource | PairCorr |
0.83 | SR | Spire Inc Fiscal Year End 21st of November 2024 | PairCorr |
0.92 | ATO | Atmos Energy Fiscal Year End 13th of November 2024 | PairCorr |
0.77 | BKH | Black Hills | PairCorr |
0.72 | CPK | Chesapeake Utilities | PairCorr |
Moving against One Stock
0.71 | NFE | New Fortress Energy | PairCorr |
0.64 | HE | Hawaiian Electric | PairCorr |
The ability to find closely correlated positions to One Gas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace One Gas 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 One Gas - 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 One Gas to buy it.
The correlation of One Gas 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 One Gas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if One Gas 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 One Gas 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in One Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more information on how to buy One Stock please use our How to Invest in One Gas guide.Note that the One Gas information on this page should be used as a complementary analysis to other One Gas' 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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When running One Gas' price analysis, check to measure One Gas' 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 One Gas is operating at the current time. Most of One Gas' value examination focuses on studying past and present price action to predict the probability of One Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move One Gas' price. Additionally, you may evaluate how the addition of One Gas to your portfolios can decrease your overall portfolio volatility.
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Is One Gas' 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 One Gas. If investors know One 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 One Gas 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 (0.05) | Dividend Share 2.61 | Earnings Share 4.05 | Revenue Per Share 37.536 | Quarterly Revenue Growth (0.27) |
The market value of One Gas is measured differently than its book value, which is the value of One that is recorded on the company's balance sheet. Investors also form their own opinion of One Gas' value that differs from its market value or its book value, called intrinsic value, which is One Gas' 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 One Gas' market value can be influenced by many factors that don't directly affect One Gas' 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 One Gas' value and its price as these two are different measures arrived at by different means. Investors typically determine if One Gas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, One Gas' 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.