Dril Cash And Short Term Investments vs Non Current Liabilities Total Analysis
DRQ Stock | USD 18.13 0.09 0.49% |
Dril Quip financial indicator trend analysis is much more than just examining Dril Quip latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dril Quip is a good investment. Please check the relationship between Dril Quip Cash And Short Term Investments and its Non Current Liabilities Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dril Quip. 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 Dril Stock, please use our How to Invest in Dril Quip guide.
Cash And Short Term Investments vs Non Current Liabilities Total
Cash And Short Term Investments vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dril Quip Cash And Short Term Investments account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Dril Quip's Cash And Short Term Investments and Non Current Liabilities Total is -0.64. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Dril Quip, assuming nothing else is changed. The correlation between historical values of Dril Quip's Cash And Short Term Investments and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Dril Quip are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Cash And Short Term Investments i.e., Dril Quip's Cash And Short Term Investments and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.64 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Dril Quip balance sheet. This account contains Dril Quip investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Dril Quip fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Non Current Liabilities Total
Most indicators from Dril Quip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dril Quip 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dril Quip. 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 Dril Stock, please use our How to Invest in Dril Quip guide.At this time, Dril Quip's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 05/25/2024, Enterprise Value Multiple is likely to grow to 20.49, while Selling General Administrative is likely to drop slightly above 68.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 80.6M | 96.1M | 115.4M | 172.9M | Total Revenue | 322.9M | 362.1M | 424.1M | 463.5M |
Dril Quip fundamental ratios Correlations
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Dril Quip Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dril Quip fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.2B | 1.2B | 1.0B | 972.5M | 1.0B | 871.5M | |
Other Current Liab | 42.4M | 35.6M | 47.6M | 39.0M | 42.1M | 26.8M | |
Total Current Liabilities | 96.9M | 85.5M | 93.7M | 87.6M | 117.7M | 97.5M | |
Total Stockholder Equity | 1.1B | 1.0B | 897.1M | 874.9M | 881.3M | 755.2M | |
Property Plant And Equipment Net | 258.5M | 241.8M | 216.2M | 181.3M | 235.1M | 204.4M | |
Net Debt | (393.8M) | (339M) | (350.2M) | (259.9M) | (173.6M) | (182.3M) | |
Retained Earnings | 1.2B | 1.1B | 973.1M | 952.7M | 950.7M | 715.4M | |
Accounts Payable | 46.3M | 37.4M | 35.2M | 43.0M | 65.7M | 34.7M | |
Cash | 398.9M | 346.0M | 355.5M | 264.8M | 191.4M | 216.5M | |
Non Current Assets Total | 326.1M | 288.0M | 264.9M | 219.9M | 308.5M | 228.7M | |
Non Currrent Assets Other | 67.6M | 11.0M | 48.7M | 10.8M | 5.8M | 5.5M | |
Cash And Short Term Investments | 398.9M | 346.0M | 355.5M | 297.0M | 217.3M | 218.8M | |
Net Receivables | 248.2M | 256.5M | 203.6M | 91.5M | 284.0M | 172.5M | |
Common Stock Shares Outstanding | 36.2M | 35.3M | 35.3M | 34.2M | 34.5M | 40.3M | |
Liabilities And Stockholders Equity | 1.2B | 1.2B | 1.0B | 972.5M | 1.0B | 871.5M | |
Non Current Liabilities Total | 18.9M | 24.1M | 19.7M | 10.0M | 29.2M | 30.7M | |
Inventory | 205.1M | 212.5M | 145.7M | 146.0M | 194.6M | 212.2M | |
Other Current Assets | 481.5M | 48.2M | 390.1M | 455.6M | 23.8M | 22.6M | |
Other Stockholder Equity | 52.9M | 65.6M | 80.3M | 90.5M | 100.3M | 70.0M | |
Total Liab | 115.9M | 109.6M | 113.3M | 97.6M | 146.9M | 116.3M | |
Property Plant And Equipment Gross | 263.6M | 241.8M | 641.3M | 597.0M | 673.8M | 707.4M | |
Total Current Assets | 880.5M | 863.2M | 745.5M | 752.6M | 719.7M | 642.7M | |
Accumulated Other Comprehensive Income | (143.6M) | (149.7M) | (156.6M) | (168.6M) | (170.1M) | (161.6M) | |
Short Term Debt | 1.3M | 1.1M | 1.0M | 1.1M | 2.3M | 2.2M | |
Common Stock Total Equity | 371K | 363K | 352K | 343K | 394.5K | 357.0K | |
Common Stock | 371K | 363K | 352K | 343K | 394.5K | 357.8K | |
Other Assets | 22.0M | 23.7M | 17.0M | 455.6M | 523.9M | 550.1M | |
Property Plant Equipment | 258.5M | 234.8M | 216.2M | 181.3M | 208.5M | 227.8M | |
Current Deferred Revenue | 6.9M | 11.3M | 9.7M | 4.5M | 7.6M | 7.2M | |
Net Tangible Assets | 1.1B | 1.0B | 870.7M | 851.6M | 766.4M | 859.7M | |
Retained Earnings Total Equity | 1.2B | 1.1B | 973.1M | 952.7M | 1.1B | 1.2B | |
Long Term Debt Total | 224K | 93K | 52K | 98K | 112.7K | 72.2K | |
Capital Surpluse | 52.9M | 65.6M | 80.3M | 90.5M | 81.4M | 70.1M | |
Deferred Long Term Liab | 4.2M | 6.8M | 3.9M | 3.8M | 3.4M | 4.6M | |
Intangible Assets | 32.2M | 29.4M | 26.4M | 23.3M | 41.9M | 44.0M | |
Other Liab | 14.9M | 24.1M | 15.4M | 6.1M | 7.1M | 11.3M | |
Non Current Liabilities Other | 14.8M | 17.4M | 15.7M | 6.3M | 3.8M | 3.6M | |
Cash And Equivalents | 398.9M | 346.0M | 355.5M | 264.8M | 238.3M | 308.6M |
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Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dril Quip. 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 Dril Stock, please use our How to Invest in Dril Quip guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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Is Dril Quip'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 Dril Quip. If investors know Dril 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 Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.63) | Revenue Per Share 12.95 | Quarterly Revenue Growth 0.214 | Return On Assets 0.0001 | Return On Equity (0.03) |
The market value of Dril Quip is measured differently than its book value, which is the value of Dril that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip'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 Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip'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 Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dril Quip is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip'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.