Amplify Net Tangible Assets vs Total Current Assets Analysis

AMPY Stock

USD 7.07 0.35 5.21%

Amplify Energy financial indicator trend analysis is way more than just evaluating Amplify Energy Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amplify Energy Corp is a good investment. Please check the relationship between Amplify Energy Net Tangible Assets and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amplify Energy 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 american community survey.

Net Tangible Assets vs Total Current Assets

Net Tangible Assets vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amplify Energy Corp Net Tangible Assets account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Amplify Energy's Net Tangible Assets and Total Current Assets is -0.22. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Amplify Energy Corp, assuming nothing else is changed. The correlation between historical values of Amplify Energy's Net Tangible Assets 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 Net Tangible Assets of Amplify Energy Corp 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 Net Tangible Assets i.e., Amplify Energy's Net Tangible Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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 Amplify Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amplify Energy 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 Amplify Energy 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 american community survey.

At this time, Amplify Energy's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 4.45 in 2024, whereas Selling General Administrative is likely to drop slightly above 28.7 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	12.1M	14.1M	17.7M	34.3M
Depreciation And Amortization	28.1M	24.0M	36.0M	34.2M

Interest Expense Depreciation And Amortization

Amplify Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Retained Earnings	Accounts Payable	Common Stock Total Equity	Common Stock	Current Deferred Revenue	Short Term Debt
Total Assets		0.72	0.55	0.02	0.28	0.99	0.73	0.03	1.0	0.97	0.03	0.75	-0.59	0.95	0.64	-0.27	0.44	0.76	0.98	0.76	-0.02	0.03	0.55	-0.18	0.25	-0.1
Short Long Term Debt Total	0.72		0.53	0.66	-0.45	0.71	1.0	0.3	0.7	0.78	0.3	0.72	-0.64	0.67	0.46	-0.41	0.9	0.99	0.67	0.76	-0.69	-0.22	0.24	-0.13	0.09	0.57
Other Current Liab	0.55	0.53		0.21	-0.07	0.51	0.54	-0.07	0.52	0.53	-0.07	0.56	-0.38	0.54	0.75	-0.08	0.42	0.57	0.51	0.67	-0.24	0.26	0.44	0.16	-0.06	0.12
Total Current Liabilities	0.02	0.66	0.21		-0.88	0.0	0.65	0.52	-0.01	0.07	0.52	0.18	-0.35	-0.09	-0.06	-0.21	0.89	0.61	-0.03	0.3	-0.95	-0.28	-0.35	-0.06	-0.2	0.99
Total Stockholder Equity	0.28	-0.45	-0.07	-0.88		0.3	-0.44	-0.32	0.31	0.15	-0.32	-0.08	0.05	0.26	0.19	0.12	-0.65	-0.4	0.33	-0.09	0.94	0.23	0.36	-0.13	0.2	-0.89
Property Plant And Equipment Net	0.99	0.71	0.51	0.0	0.3		0.72	0.01	0.99	0.96	0.01	0.72	-0.64	0.94	0.6	-0.33	0.42	0.74	0.96	0.7	-0.01	-0.02	0.58	-0.19	0.32	-0.11
Net Debt	0.73	1.0	0.54	0.65	-0.44	0.72		0.26	0.71	0.79	0.26	0.72	-0.63	0.68	0.48	-0.4	0.88	0.99	0.68	0.75	-0.68	-0.2	0.26	-0.12	0.1	0.55
Cash	0.03	0.3	-0.07	0.52	-0.32	0.01	0.26		0.0	-0.02	1.0	0.05	-0.24	-0.15	-0.26	-0.33	0.52	0.25	0.0	0.32	-0.43	-0.42	-0.38	-0.34	-0.18	0.53
Non Current Assets Total	1.0	0.7	0.52	-0.01	0.31	0.99	0.71	0.0		0.96	0.0	0.72	-0.61	0.94	0.62	-0.26	0.41	0.74	0.99	0.71	0.01	0.03	0.57	-0.2	0.29	-0.12
Non Currrent Assets Other	0.97	0.78	0.53	0.07	0.15	0.96	0.79	-0.02	0.96		-0.02	0.83	-0.53	0.96	0.66	-0.34	0.48	0.81	0.92	0.79	-0.13	-0.05	0.52	-0.04	0.2	-0.04
Cash And Short Term Investments	0.03	0.3	-0.07	0.52	-0.32	0.01	0.26	1.0	0.0	-0.02		0.05	-0.24	-0.15	-0.26	-0.33	0.52	0.25	0.0	0.32	-0.43	-0.42	-0.38	-0.34	-0.18	0.53
Net Receivables	0.75	0.72	0.56	0.18	-0.08	0.72	0.72	0.05	0.72	0.83	0.05		-0.24	0.83	0.56	-0.12	0.47	0.78	0.69	0.89	-0.28	0.17	0.33	0.16	-0.03	0.04
Common Stock Shares Outstanding	-0.59	-0.64	-0.38	-0.35	0.05	-0.64	-0.63	-0.24	-0.61	-0.53	-0.24	-0.24		-0.46	-0.23	0.54	-0.58	-0.6	-0.55	-0.31	0.3	0.11	-0.54	0.35	-0.58	-0.3
Non Current Liabilities Total	0.95	0.67	0.54	-0.09	0.26	0.94	0.68	-0.15	0.94	0.96	-0.15	0.83	-0.46		0.68	-0.18	0.31	0.73	0.92	0.74	0.01	0.13	0.65	-0.07	0.28	-0.22
Inventory	0.64	0.46	0.75	-0.06	0.19	0.6	0.48	-0.26	0.62	0.66	-0.26	0.56	-0.23	0.68		-0.07	0.26	0.49	0.61	0.7	0.04	0.11	0.37	-0.04	-0.23	-0.15
Other Current Assets	-0.27	-0.41	-0.08	-0.21	0.12	-0.33	-0.4	-0.33	-0.26	-0.34	-0.33	-0.12	0.54	-0.18	-0.07		-0.37	-0.28	-0.16	-0.17	0.27	0.68	-0.19	0.16	-0.3	-0.23
Other Stockholder Equity	0.44	0.9	0.42	0.89	-0.65	0.42	0.88	0.52	0.41	0.48	0.52	0.47	-0.58	0.31	0.26	-0.37		0.86	0.38	0.6	-0.85	-0.31	-0.1	-0.16	-0.12	0.83
Total Liab	0.76	0.99	0.57	0.61	-0.4	0.74	0.99	0.25	0.74	0.81	0.25	0.78	-0.6	0.73	0.49	-0.28	0.86		0.71	0.8	-0.65	-0.09	0.27	-0.1	0.08	0.51
Property Plant And Equipment Gross	0.98	0.67	0.51	-0.03	0.33	0.96	0.68	0.0	0.99	0.92	0.0	0.69	-0.55	0.92	0.61	-0.16	0.38	0.71		0.7	0.04	0.1	0.55	-0.22	0.26	-0.14
Total Current Assets	0.76	0.76	0.67	0.3	-0.09	0.7	0.75	0.32	0.71	0.79	0.32	0.89	-0.31	0.74	0.7	-0.17	0.6	0.8	0.7		-0.32	0.03	0.19	-0.02	-0.24	0.17
Retained Earnings	-0.02	-0.69	-0.24	-0.95	0.94	-0.01	-0.68	-0.43	0.01	-0.13	-0.43	-0.28	0.3	0.01	0.04	0.27	-0.85	-0.65	0.04	-0.32		0.29	0.22	-0.04	0.12	-0.94
Accounts Payable	0.03	-0.22	0.26	-0.28	0.23	-0.02	-0.2	-0.42	0.03	-0.05	-0.42	0.17	0.11	0.13	0.11	0.68	-0.31	-0.09	0.1	0.03	0.29		0.38	0.29	0.17	-0.35
Common Stock Total Equity	0.55	0.24	0.44	-0.35	0.36	0.58	0.26	-0.38	0.57	0.52	-0.38	0.33	-0.54	0.65	0.37	-0.19	-0.1	0.27	0.55	0.19	0.22	0.38		-0.04	0.76	-0.42
Common Stock	-0.18	-0.13	0.16	-0.06	-0.13	-0.19	-0.12	-0.34	-0.2	-0.04	-0.34	0.16	0.35	-0.07	-0.04	0.16	-0.16	-0.1	-0.22	-0.02	-0.04	0.29	-0.04		-0.2	-0.07
Current Deferred Revenue	0.25	0.09	-0.06	-0.2	0.2	0.32	0.1	-0.18	0.29	0.2	-0.18	-0.03	-0.58	0.28	-0.23	-0.3	-0.12	0.08	0.26	-0.24	0.12	0.17	0.76	-0.2		-0.2
Short Term Debt	-0.1	0.57	0.12	0.99	-0.89	-0.11	0.55	0.53	-0.12	-0.04	0.53	0.04	-0.3	-0.22	-0.15	-0.23	0.83	0.51	-0.14	0.17	-0.94	-0.35	-0.42	-0.07	-0.2

Click cells to compare fundamentals

Amplify Energy Account Relationship Matchups

Amplify Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	877.5M	384.8M	455.1M	459.5M	745.3M	719.3M
Short Long Term Debt Total	301.2M	272.0M	230M	202.6M	121.8M	115.7M
Other Current Liab	253K	10.8M	73.5M	88.8M	47.1M	46.4M
Total Current Liabilities	61.1M	56.9M	165.2M	139.9M	96.4M	183.7M
Total Stockholder Equity	434.2M	(33.7M)	(64.8M)	(4.6M)	391.0M	410.6M
Property Plant And Equipment Net	808.1M	317.2M	320.3M	339.3M	352.5M	610.6M
Net Debt	317.5M	261.7M	211.2M	215.3M	101.1M	96.0M
Cash	(16.2M)	10.4M	18.8M	(12.6M)	20.7M	18.5M
Non Current Assets Total	825.0M	327.9M	329.3M	360.2M	647.1M	639.7M
Non Currrent Assets Other	12.2M	5.2M	4.4M	9.6M	3.9M	3.7M
Cash And Short Term Investments	(16.2M)	10.4M	18.8M	(12.6M)	20.7M	18.5M
Net Receivables	33.1M	30.9M	92.0M	80.5M	39.1M	60.2M
Common Stock Shares Outstanding	29.3M	37.6M	38.0M	38.4M	39.0M	23.2M
Liabilities And Stockholders Equity	877.5M	384.8M	455.1M	459.5M	745.3M	719.3M
Non Current Liabilities Total	382.2M	361.6M	354.8M	324.2M	257.8M	364.4M
Inventory	762K	6.9M	22.4M	12.6M	14.5M	19.8M
Other Current Assets	13.2M	15.6M	15.0M	18.8M	38.3M	40.3M
Other Stockholder Equity	424.4M	424.1M	425.1M	432.3M	435.1M	773.7M
Total Liab	443.3M	418.5M	519.9M	464.0M	354.2M	548.1M
Property Plant And Equipment Gross	808.1M	319.7M	320.3M	339.3M	1.0B	647.4M
Total Current Assets	52.6M	56.8M	125.8M	99.2M	98.2M	109.4M
Accumulated Other Comprehensive Income	(204.4M)	(266.2M)	4.8M	4.8M	5.5M	5.8M
Retained Earnings	4.8M	(463.0M)	(495.1M)	(437.2M)	(44.5M)	(46.7M)
Accounts Payable	8.3M	798K	33.8M	38.4M	45.6M	47.8M
Common Stock Total Equity	209K	378K	382K	386K	347.4K	311.4K
Common Stock	209K	378K	382K	432.6M	393K	373.4K
Current Deferred Revenue	39.0M	34.0M	47.8M	2M	1.8M	1.7M
Short Term Debt	13.5M	11.2M	10.0M	12.6M	1.7M	1.7M
Other Liab	94.5M	100.9M	122.8M	127.6M	114.9M	89.9M
Net Tangible Assets	434.2M	(33.7M)	(64.8M)	(4.6M)	(4.1M)	(3.9M)
Other Assets	16.8M	8.2M	6.3M	13.6M	12.2M	11.6M
Property Plant Equipment	808.1M	319.7M	320.3M	339.3M	305.4M	533.6M
Long Term Debt	285M	260.5M	230M	190M	115M	193.5M
Capital Lease Obligations	16.2M	11.5M	12.1M	19.2M	21.1M	13.8M
Net Invested Capital	719.2M	226.8M	165.2M	185.4M	506.0M	340.7M
Non Current Liabilities Other	3.8M	3.3M	115.1M	134.2M	8.1M	7.7M
Net Working Capital	(8.5M)	(25K)	(39.4M)	(40.6M)	1.8M	1.8M
Capital Stock	209K	378K	382K	386K	393K	367.2K

Pair Trading with Amplify Energy

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 Amplify Energy 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 Amplify Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Amplify Stock

0.81	AR	Antero Resources Corp	Pair Corr
0.72	PR	Permian Resources Earnings Call This Week	Pair Corr
0.77	SD	SandRidge Energy	Pair Corr
0.73	SM	SM Energy	Pair Corr

Moving against Amplify Stock

0.56

Empire Petroleum Corp

Pair Corr

The ability to find closely correlated positions to Amplify Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amplify Energy 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 Amplify Energy - 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 Amplify Energy Corp to buy it.

The correlation of Amplify Energy 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 Amplify Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify Energy 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 Amplify Energy 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.

Pair Correlation Correlation Matching

When determining whether Amplify Energy Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amplify Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amplify Energy Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amplify Energy Corp Stock:

How To Invest In Amplify

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Is Amplify Stock a good investment?

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What is Amplify Energy's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amplify Energy 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 american community survey.

You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Amplify Stock analysis

When running Amplify Energy's price analysis, check to measure Amplify Energy's 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 Amplify Energy is operating at the current time. Most of Amplify Energy's value examination focuses on studying past and present price action to predict the probability of Amplify Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amplify Energy's price. Additionally, you may evaluate how the addition of Amplify Energy to your portfolios can decrease your overall portfolio volatility.

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Is Amplify Energy's 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 Amplify Energy. If investors know Amplify 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 Amplify Energy 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

0.453

Earnings Share

9.63

Revenue Per Share

7.436

Quarterly Revenue Growth

0.253

Return On Assets

0.0818

The market value of Amplify Energy Corp is measured differently than its book value, which is the value of Amplify that is recorded on the company's balance sheet. Investors also form their own opinion of Amplify Energy's value that differs from its market value or its book value, called intrinsic value, which is Amplify Energy's 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 Amplify Energy's market value can be influenced by many factors that don't directly affect Amplify Energy's 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 Amplify Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify Energy's 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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Amplify Net Tangible Assets vs Total Current Assets Analysis

Net Tangible Assets vs Total Current Assets

Net Tangible Assets vs Total Current Assets Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Total Current Assets

Amplify Energy fundamental ratios Correlations

Amplify Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Amplify Energy fundamental ratios Accounts

Pair Trading with Amplify Energy

Moving together with Amplify Stock

Moving against Amplify Stock

Complementary Tools for Amplify Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Short Term Debt	+ 0.99	Total Current Liabilities

Retained Earnings	- 0.95	Total Current Liabilities
Short Term Debt	- 0.94	Retained Earnings
Short Term Debt	- 0.89	Total Stockholder Equity
Total Stockholder Equity	- 0.88	Total Current Liabilities
Retained Earnings	- 0.85	Other Stockholder Equity
Retained Earnings	- 0.69	Short Long Term Debt Total