Parex Total Current Assets vs Cash Analysis

PXT Stock

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Parex Resources financial indicator trend analysis is much more than just breaking down Parex Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parex Resources is a good investment. Please check the relationship between Parex Resources Total Current Assets and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parex 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 board of governors.

Total Current Assets vs Cash

Total Current Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parex Resources Total Current Assets account and Cash. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Parex Resources' Total Current Assets and Cash is 0.97. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Parex Resources, assuming nothing else is changed. The correlation between historical values of Parex Resources' Total Current Assets and Cash 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 Current Assets of Parex Resources are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., Parex Resources' Total Current Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Cash

Cash refers to the most liquid asset of Parex Resources, which is listed under current asset account on Parex Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Parex Resources customers. The amounts must be unrestricted with restricted cash listed in a different Parex Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Parex Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parex 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 Parex 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 board of governors.

At this time, Parex Resources' Selling General Administrative is very stable compared to the past year. As of the 28th of April 2024, Enterprise Value Over EBITDA is likely to grow to 2.58, while Discontinued Operations is likely to drop (943.1 K).

	2021	2022	2023	2024 (projected)
Total Revenue	1.1B	1.6B	1.4B	769.6M
Depreciation And Amortization	121.4M	149.4M	171.8M	129.7M

Total Revenue Depreciation And Amortization

Parex Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Current Liabilities Total	Non Currrent Assets Other	Short Long Term Debt Total	Good Will	Inventory	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.64	0.81	0.87	0.98	-0.83	0.75	0.92	0.72	0.82	0.84	0.68	0.34	0.66	-0.22	0.78	0.73	0.83	0.12	0.4	-0.64	0.75	-0.67	0.69	0.59	-0.5
Other Current Liab	0.64		0.51	0.83	0.63	-0.58	0.92	0.67	0.28	0.9	0.73	0.19	-0.13	0.95	-0.22	0.5	0.92	0.36	0.11	0.19	-0.38	0.62	-0.25	0.4	0.29	-0.41
Total Current Liabilities	0.81	0.51		0.64	0.74	-0.67	0.56	0.88	0.7	0.62	0.66	0.66	0.28	0.57	-0.24	0.9	0.57	0.79	0.01	0.46	-0.4	0.43	-0.48	0.45	0.36	-0.39
Total Stockholder Equity	0.87	0.83	0.64		0.85	-0.87	0.92	0.76	0.66	0.97	0.95	0.55	0.32	0.8	-0.25	0.58	0.88	0.74	0.03	0.4	-0.71	0.82	-0.67	0.72	0.65	-0.59
Property Plant And Equipment Net	0.98	0.63	0.74	0.85		-0.74	0.72	0.92	0.6	0.82	0.76	0.67	0.33	0.68	-0.24	0.78	0.75	0.74	0.26	0.26	-0.6	0.76	-0.66	0.67	0.56	-0.39
Net Debt	-0.83	-0.58	-0.67	-0.87	-0.74		-0.74	-0.65	-0.9	-0.73	-0.97	-0.53	-0.39	-0.52	0.19	-0.45	-0.65	-0.91	0.33	-0.61	0.81	-0.73	0.72	-0.77	-0.72	0.73
Retained Earnings	0.75	0.92	0.56	0.92	0.72	-0.74		0.71	0.49	0.92	0.86	0.39	-0.05	0.88	-0.23	0.52	0.93	0.57	0.06	0.3	-0.44	0.64	-0.39	0.44	0.34	-0.47
Accounts Payable	0.92	0.67	0.88	0.76	0.92	-0.65	0.71		0.57	0.77	0.68	0.66	0.16	0.73	-0.24	0.91	0.77	0.71	0.28	0.22	-0.39	0.57	-0.47	0.46	0.34	-0.26
Cash	0.72	0.28	0.7	0.66	0.6	-0.9	0.49	0.57		0.48	0.8	0.61	0.49	0.26	-0.09	0.45	0.38	0.97	-0.41	0.63	-0.69	0.46	-0.69	0.62	0.6	-0.62
Non Current Assets Total	0.82	0.9	0.62	0.97	0.82	-0.73	0.92	0.77	0.48		0.86	0.49	0.23	0.89	-0.25	0.64	0.93	0.59	0.21	0.28	-0.57	0.79	-0.55	0.62	0.54	-0.49
Cash And Short Term Investments	0.84	0.73	0.66	0.95	0.76	-0.97	0.86	0.68	0.8	0.86		0.52	0.33	0.65	-0.17	0.51	0.77	0.83	-0.16	0.57	-0.72	0.75	-0.66	0.71	0.65	-0.71
Net Receivables	0.68	0.19	0.66	0.55	0.67	-0.53	0.39	0.66	0.61	0.49	0.52		0.49	0.22	-0.33	0.71	0.41	0.76	0.27	0.46	-0.33	0.38	-0.63	0.4	0.38	-0.1
Common Stock Shares Outstanding	0.34	-0.13	0.28	0.32	0.33	-0.39	-0.05	0.16	0.49	0.23	0.33	0.49		-0.12	-0.14	0.24	-0.02	0.49	-0.02	0.37	-0.58	0.4	-0.8	0.62	0.69	-0.45
Other Current Assets	0.66	0.95	0.57	0.8	0.68	-0.52	0.88	0.73	0.26	0.89	0.65	0.22	-0.12		-0.21	0.59	0.91	0.36	0.19	0.04	-0.35	0.59	-0.23	0.37	0.26	-0.31
Other Stockholder Equity	-0.22	-0.22	-0.24	-0.25	-0.24	0.19	-0.23	-0.24	-0.09	-0.25	-0.17	-0.33	-0.14	-0.21		-0.13	-0.24	-0.15	0.19	-0.07	0.26	-0.35	0.48	-0.34	-0.32	0.12
Total Liab	0.78	0.5	0.9	0.58	0.78	-0.45	0.52	0.91	0.45	0.64	0.51	0.71	0.24	0.59	-0.13		0.6	0.61	0.45	0.26	-0.18	0.37	-0.36	0.29	0.19	-0.15
Property Plant And Equipment Gross	0.73	0.92	0.57	0.88	0.75	-0.65	0.93	0.77	0.38	0.93	0.77	0.41	-0.02	0.91	-0.24	0.6		0.5	0.22	0.08	-0.45	0.67	-0.39	0.47	0.36	-0.27
Total Current Assets	0.83	0.36	0.79	0.74	0.74	-0.91	0.57	0.71	0.97	0.59	0.83	0.76	0.49	0.36	-0.15	0.61	0.5		-0.21	0.62	-0.66	0.53	-0.72	0.63	0.59	-0.55
Non Current Liabilities Total	0.12	0.11	0.01	0.03	0.26	0.33	0.06	0.28	-0.41	0.21	-0.16	0.27	-0.02	0.19	0.19	0.45	0.22	-0.21		-0.35	0.4	-0.03	0.15	-0.25	-0.3	0.46
Non Currrent Assets Other	0.4	0.19	0.46	0.4	0.26	-0.61	0.3	0.22	0.63	0.28	0.57	0.46	0.37	0.04	-0.07	0.26	0.08	0.62	-0.35		-0.37	0.28	-0.42	0.39	0.41	-0.63
Short Long Term Debt Total	-0.64	-0.38	-0.4	-0.71	-0.6	0.81	-0.44	-0.39	-0.69	-0.57	-0.72	-0.33	-0.58	-0.35	0.26	-0.18	-0.45	-0.66	0.4	-0.37		-0.86	0.79	-0.97	-0.96	0.61
Good Will	0.75	0.62	0.43	0.82	0.76	-0.73	0.64	0.57	0.46	0.79	0.75	0.38	0.4	0.59	-0.35	0.37	0.67	0.53	-0.03	0.28	-0.86		-0.68	0.93	0.88	-0.5
Inventory	-0.67	-0.25	-0.48	-0.67	-0.66	0.72	-0.39	-0.47	-0.69	-0.55	-0.66	-0.63	-0.8	-0.23	0.48	-0.36	-0.39	-0.72	0.15	-0.42	0.79	-0.68		-0.81	-0.82	0.59
Common Stock Total Equity	0.69	0.4	0.45	0.72	0.67	-0.77	0.44	0.46	0.62	0.62	0.71	0.4	0.62	0.37	-0.34	0.29	0.47	0.63	-0.25	0.39	-0.97	0.93	-0.81		0.99	-0.59
Common Stock	0.59	0.29	0.36	0.65	0.56	-0.72	0.34	0.34	0.6	0.54	0.65	0.38	0.69	0.26	-0.32	0.19	0.36	0.59	-0.3	0.41	-0.96	0.88	-0.82	0.99		-0.59
Other Liab	-0.5	-0.41	-0.39	-0.59	-0.39	0.73	-0.47	-0.26	-0.62	-0.49	-0.71	-0.1	-0.45	-0.31	0.12	-0.15	-0.27	-0.55	0.46	-0.63	0.61	-0.5	0.59	-0.59	-0.59

Click cells to compare fundamentals

Parex Resources Account Relationship Matchups

Parex Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.5B	1.8B	2.3B	2.4B	1.3B
Other Current Liab	70.1M	7.1M	47.0M	201.9M	232.1M	243.7M
Total Current Liabilities	211.8M	122.5M	248.3M	508.6M	258.1M	188.8M
Total Stockholder Equity	1.4B	1.3B	1.4B	1.7B	2.0B	2.1B
Property Plant And Equipment Net	966.0M	982.3M	1.1B	1.4B	1.5B	787.8M
Net Debt	(396.1M)	(328.7M)	(373.8M)	(412.9M)	(371.6M)	(353.0M)
Retained Earnings	541.2M	533.9M	637.4M	1.0B	1.3B	1.3B
Accounts Payable	141.7M	115.4M	201.3M	306.8M	252.1M	131.2M
Cash	396.8M	330.6M	378.3M	419.0M	140.4M	210.8M
Non Current Assets Total	1.1B	1.1B	1.2B	1.7B	2.1B	2.2B
Cash And Short Term Investments	396.8M	330.6M	378.3M	419.0M	481.9M	505.9M
Net Receivables	149.5M	96.7M	182.1M	118.0M	105.6M	96.9M
Common Stock Shares Outstanding	149.0M	139.6M	125.6M	113.7M	104.5M	129.2M
Liabilities And Stockholders Equity	1.7B	1.5B	1.8B	2.3B	2.7B	2.8B
Other Current Assets	8.4M	13.5M	12.2M	52.0M	45.0M	47.2M
Other Stockholder Equity	48.6M	43.2M	24.5M	20.3M	18.3M	17.4M
Total Liab	282.1M	200.6M	390.5M	599.4M	459.9M	304.3M
Property Plant And Equipment Gross	966.0M	982.3M	2.8B	3.2B	3.6B	3.8B
Total Current Assets	555.9M	442.6M	574.0M	593.6M	337.2M	327.6M
Non Current Liabilities Total	70.3M	78.1M	142.3M	90.8M	201.8M	123.2M
Accumulated Other Comprehensive Income	(1.2B)	(1.3B)	(1.4B)	(1.5B)	(1.4B)	(1.3B)
Non Currrent Assets Other	1.1B	20.0M	25.0M	165.3M	208.3M	325.2M
Inventory	653K	1.9M	1.4M	4.6M	4.3M	4.2M
Common Stock Total Equity	836.2M	848.9M	812.7M	763.4M	877.9M	784.3M
Common Stock	812.7M	763.4M	731.7M	682.7M	785.1M	783.2M
Other Liab	69.5M	76.3M	137.8M	84.7M	76.2M	78.3M
Net Tangible Assets	1.3B	1.3B	1.3B	1.6B	1.9B	1.1B
Property Plant Equipment	966.0M	982.3M	1.1B	1.4B	1.6B	963.6M
Capital Surpluse	48.6M	43.2M	24.5M	20.3M	18.3M	31.9M
Other Assets	89.3M	42.7M	6.9M	276.2M	317.6M	333.5M
Long Term Debt Total	770K	1.8M	4.5M	6.1M	7.0M	7.3M
Cash And Equivalents	396.8M	330.6M	378.3M	419.0M	481.9M	372.7M
Net Invested Capital	1.4B	1.3B	1.4B	1.7B	2.0B	1.6B
Net Working Capital	344.0M	320.2M	325.8M	85.0M	79.0M	75.1M
Capital Stock	812.7M	763.4M	731.7M	682.7M	660.8M	600.0M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Parex Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Parex Resources' short interest history, or implied volatility extrapolated from Parex Resources options trading.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parex 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 board of governors.

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Please note, there is a significant difference between Parex Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Parex Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parex 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.

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Parex Total Current Assets vs Cash Analysis

Total Current Assets vs Cash

Total Current Assets vs Cash Correlation Analysis

Correlation Coefficient

Total Current Assets

Cash

Parex Resources fundamental ratios Correlations

Parex Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Parex Resources fundamental ratios Accounts

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Parex Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 0.99	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Total Current Assets	+ 0.97	Cash
Other Current Assets	+ 0.95	Other Current Liab
Cash And Short Term Investments	+ 0.95	Total Stockholder Equity

Common Stock Total Equity	- 0.97	Short Long Term Debt Total
Cash And Short Term Investments	- 0.97	Net Debt
Common Stock	- 0.96	Short Long Term Debt Total
Total Current Assets	- 0.91	Net Debt
Cash	- 0.9	Net Debt
Net Debt	- 0.87	Total Stockholder Equity