Permian Total Stockholder Equity vs Total Current Assets Analysis
PR Stock | USD 16.83 0.07 0.42% |
Permian Resources financial indicator trend analysis is much more than just breaking down Permian Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Permian Resources is a good investment. Please check the relationship between Permian Resources Total Stockholder Equity and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Permian Resources. 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. To learn how to invest in Permian Stock, please use our How to Invest in Permian Resources guide.
Total Stockholder Equity vs Total Current Assets
Total Stockholder Equity vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Permian Resources Total Stockholder Equity account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Permian Resources' Total Stockholder Equity and Total Current Assets is 0.77. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Permian Resources, assuming nothing else is changed. The correlation between historical values of Permian Resources' Total Stockholder Equity and Total Current Assets 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 Stockholder Equity of Permian Resources are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Stockholder Equity i.e., Permian Resources' Total Stockholder Equity and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.77 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Permian Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Permian Resources 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 Permian Resources. 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. To learn how to invest in Permian Stock, please use our How to Invest in Permian Resources guide.As of 05/15/2024, Tax Provision is likely to grow to about 123.8 M, while Selling General Administrative is likely to drop slightly above 104.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 61.3M | 95.6M | 185.0M | 194.3M | Depreciation And Amortization | 281.9M | 527.9M | 1.0B | 1.1B |
Permian Resources fundamental ratios Correlations
Click cells to compare fundamentals
Permian Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Permian Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 276.6M | 277.4M | 310.2M | 322.8M | 389.1M | 255.8M | |
Total Assets | 4.7B | 3.8B | 3.8B | 8.5B | 15.1B | 15.8B | |
Other Current Liab | 925K | 18.3M | 36.2M | 519.9M | 1.1B | 1.2B | |
Total Current Liabilities | 254.5M | 131.9M | 167.9M | 605.6M | 1.2B | 1.3B | |
Total Stockholder Equity | 3.3B | 2.6B | 2.8B | 2.9B | 6.3B | 3.2B | |
Net Debt | 1.1B | 1.1B | 833.6M | 2.2B | 3.8B | 4.0B | |
Retained Earnings | 282.3M | (400.5M) | (262.3M) | 237.2M | 569.1M | 597.6M | |
Cash | 10.2M | 5.8M | 9.4M | 59.5M | 73.9M | 38.1M | |
Non Current Assets Total | 4.6B | 3.8B | 3.7B | 8.0B | 14.4B | 15.1B | |
Non Currrent Assets Other | (175.3M) | 19.2M | 15.9M | 70.2M | 149.0M | 156.5M | |
Cash And Short Term Investments | 10.2M | 5.8M | 9.4M | 59.5M | 73.9M | 38.1M | |
Liabilities And Stockholders Equity | 4.7B | 3.8B | 3.8B | 8.5B | 15.1B | 15.8B | |
Other Stockholder Equity | 3.0B | 3.0B | 3.0B | 2.7B | 5.8B | 3.1B | |
Total Liab | 1.4B | 1.2B | 1.1B | 2.8B | 5.8B | 6.1B | |
Total Current Assets | 120.1M | 65.6M | 86.5M | 463.8M | 650.4M | 682.9M | |
Property Plant And Equipment Net | 4.5B | 3.7B | 3.7B | 8.0B | 14.1B | 14.8B | |
Accounts Payable | 21.5M | 5.1M | 9.7M | 51.4M | 94.5M | 99.3M | |
Other Assets | 40.4M | 19.2M | 15.9M | 74.6M | 85.8M | 90.1M | |
Long Term Debt | 1.1B | 1.1B | 825.6M | 2.1B | 3.8B | 4.0B | |
Net Receivables | 101.9M | 54.6M | 71.3M | 282.8M | 481.1M | 505.1M | |
Long Term Debt Total | 1.1B | 1.1B | 825.6M | 2.1B | 2.5B | 2.6B | |
Non Current Liabilities Total | 1.2B | 1.1B | 886.0M | 2.2B | 4.6B | 4.8B | |
Capital Surpluse | 3.0B | 3.0B | 3.0B | 2.7B | 3.1B | 3.1B | |
Other Current Assets | 8.0M | 5.2M | 5.9M | 20.6M | 95.5M | 100.2M | |
Cash And Equivalents | 10.2M | 5.8M | 9.4M | 59.5M | 53.6M | 40.5M | |
Short Term Debt | 9.2M | 3.2M | 1.4M | 29.8M | 33.0M | 34.7M | |
Property Plant Equipment | 4.5B | 3.7B | 3.7B | 8.0B | 9.1B | 4.7B | |
Short Long Term Debt Total | 1.1B | 1.1B | 843.0M | 2.2B | 3.9B | 4.1B | |
Other Liab | 102.4M | 22.6M | 44.4M | 48.6M | 43.7M | 47.2M | |
Net Tangible Assets | 3.3B | 2.6B | 2.8B | 2.9B | 2.6B | 2.3B | |
Net Invested Capital | 4.3B | 3.7B | 3.6B | 5.1B | 10.2B | 5.6B | |
Net Working Capital | (134.3M) | (66.3M) | (81.4M) | (141.8M) | (591.2M) | (561.6M) |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Permian Resources. 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. To learn how to invest in Permian Stock, please use our How to Invest in Permian Resources guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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Is Permian 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 Permian Resources. If investors know Permian 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 Permian 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 (0.19) | Dividend Share 0.47 | Earnings Share 1.18 | Revenue Per Share 9.066 | Quarterly Revenue Growth 1.017 |
The market value of Permian Resources is measured differently than its book value, which is the value of Permian that is recorded on the company's balance sheet. Investors also form their own opinion of Permian Resources' value that differs from its market value or its book value, called intrinsic value, which is Permian 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 Permian Resources' market value can be influenced by many factors that don't directly affect Permian 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 Permian Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Permian Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Permian 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.