Ormat Property Plant And Equipment Gross vs Total Current Liabilities Analysis
ORA Stock | USD 72.48 0.63 0.86% |
Ormat Technologies financial indicator trend analysis is much more than just breaking down Ormat Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ormat Technologies is a good investment. Please check the relationship between Ormat Technologies Property Plant And Equipment Gross and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ormat Technologies. 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. For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.
Property Plant And Equipment Gross vs Total Current Liabilities
Property Plant And Equipment Gross vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ormat Technologies Property Plant And Equipment Gross account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Ormat Technologies' Property Plant And Equipment Gross and Total Current Liabilities is 0.86. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Ormat Technologies, assuming nothing else is changed. The correlation between historical values of Ormat Technologies' Property Plant And Equipment Gross and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Ormat Technologies are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Property Plant And Equipment Gross i.e., Ormat Technologies' Property Plant And Equipment Gross and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Property Plant And Equipment Gross
Total Current Liabilities
Total Current Liabilities is an item on Ormat Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ormat Technologies 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 Ormat Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ormat Technologies 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 Ormat Technologies. 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. For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.The current year's Sales General And Administrative To Revenue is expected to grow to 0.09, whereas Selling General Administrative is forecasted to decline to about 44 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 264.3M | 268.8M | 264.0M | 178.3M | Total Revenue | 663.1M | 734.2M | 829.4M | 516.5M |
Ormat Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Ormat Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ormat Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 51.2M | 51.9M | 56.4M | 56.5M | 59.8M | 48.2M | |
Total Assets | 3.3B | 3.9B | 4.4B | 4.6B | 5.2B | 5.5B | |
Short Long Term Debt Total | 1.3B | 1.5B | 1.9B | 2.1B | 2.1B | 2.2B | |
Other Current Liab | 72.3M | 77.0M | 68.0M | 71.9M | 73.1M | 37.6M | |
Total Current Liabilities | 376.5M | 248.6M | 544.2M | 343.9M | 537.0M | 563.9M | |
Total Stockholder Equity | 1.4B | 1.8B | 1.9B | 1.9B | 2.3B | 2.4B | |
Other Liab | 312.2M | 289.9M | 572.9M | 370.1M | 425.6M | 446.9M | |
Property Plant And Equipment Net | 2.4B | 2.6B | 3.0B | 3.4B | 3.8B | 4.0B | |
Net Debt | 1.2B | 1.0B | 1.7B | 2.0B | 1.8B | 924.8M | |
Retained Earnings | 487.9M | 550.1M | 585.2M | 623.9M | 719.9M | 755.9M | |
Accounts Payable | 141.9M | 75.8M | 75.2M | 77.6M | 140.7M | 88.0M | |
Cash | 71.2M | 448.3M | 239.3M | 95.9M | 287.8M | 302.2M | |
Non Current Assets Total | 2.8B | 3.1B | 3.8B | 4.2B | 4.6B | 4.8B | |
Non Currrent Assets Other | 38.3M | 67.0M | 78.9M | 39.8M | 44.6M | 53.6M | |
Other Assets | 187.6M | 791.8M | 222.4M | 201.1M | 231.3M | 132.5M | |
Long Term Debt | 1.0B | 1.0B | 1.3B | 1.8B | 1.8B | 1.9B | |
Cash And Short Term Investments | 71.2M | 448.3M | 282.6M | 95.9M | 287.8M | 302.2M | |
Net Receivables | 214.9M | 191.7M | 150.8M | 177.6M | 271.6M | 285.2M | |
Liabilities And Stockholders Equity | 3.3B | 3.9B | 4.4B | 4.6B | 5.2B | 5.5B | |
Non Current Liabilities Total | 1.4B | 1.7B | 1.9B | 2.2B | 2.2B | 1.2B | |
Inventory | 34.9M | 35.3M | 28.4M | 22.8M | 45.0M | 47.3M | |
Other Current Assets | 12.7M | 15.4M | 35.9M | 160.4M | 41.6M | 34.8M | |
Other Stockholder Equity | 913.2M | 1.3B | 1.3B | 1.2B | 1.6B | 837.5M | |
Total Liab | 1.7B | 1.9B | 2.4B | 2.6B | 2.8B | 1.4B | |
Property Plant And Equipment Gross | 2.4B | 2.6B | 3.0B | 3.4B | 5.7B | 6.0B | |
Total Current Assets | 415.7M | 779.2M | 601.9M | 456.7M | 646.0M | 356.7M | |
Accumulated Other Comprehensive Income | (8.7M) | (6.6M) | (2.2M) | 2.5M | (1.3M) | (1.4M) | |
Short Term Debt | 231.9M | 84.7M | 391.7M | 185.7M | 303.8M | 319.0M | |
Intangible Assets | 186.2M | 194.4M | 363.3M | 333.8M | 307.6M | 323.0M | |
Property Plant Equipment | 2.4B | 479.3M | 3.0B | 3.4B | 3.9B | 4.1B | |
Good Will | 20.1M | 24.6M | 90.0M | 90.3M | 90.5M | 46.5M | |
Current Deferred Revenue | 2.8M | 11.2M | 9.2M | 8.8M | 19.4M | 25.5M | |
Net Tangible Assets | 1.2B | 1.8B | 1.4B | 1.5B | 1.7B | 1.2B | |
Long Term Debt Total | 1.0B | 1.0B | 1.3B | 1.6B | 1.9B | 1.0B |
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Is Ormat Technologies' 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 Ormat Technologies. If investors know Ormat 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 Ormat Technologies 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 0.253 | Dividend Share 0.48 | Earnings Share 2.21 | Revenue Per Share 14.39 | Quarterly Revenue Growth 0.21 |
The market value of Ormat Technologies is measured differently than its book value, which is the value of Ormat that is recorded on the company's balance sheet. Investors also form their own opinion of Ormat Technologies' value that differs from its market value or its book value, called intrinsic value, which is Ormat Technologies' 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 Ormat Technologies' market value can be influenced by many factors that don't directly affect Ormat Technologies' 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 Ormat Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ormat Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ormat Technologies' 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.