Dril Short Term Debt vs Deferred Long Term Liab Analysis
DRQ Stock | USD 18.60 0.06 0.32% |
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 Short Term Debt and its Deferred Long Term Liab 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.
Short Term Debt vs Deferred Long Term Liab
Short Term Debt vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dril Quip Short Term Debt account and Deferred Long Term Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Dril Quip's Short Term Debt and Deferred Long Term Liab is -0.08. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Deferred Long Term Liab 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 Short Term Debt and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Dril Quip are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Short Term Debt i.e., Dril Quip's Short Term Debt and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | -0.08 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Debt
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.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 05/05/2024, 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
Click cells to compare fundamentals
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 |
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 Dril Quip 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, Dril Quip's short interest history, or implied volatility extrapolated from Dril Quip options trading.
Pair Trading with Dril Quip
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 Dril Quip 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 Dril Quip will appreciate offsetting losses from the drop in the long position's value.Moving together with Dril Stock
0.67 | TS | Tenaris SA ADR | PairCorr |
Moving against Dril Stock
0.62 | DWSN | Dawson Geophysical | PairCorr |
0.51 | DTI | Drilling Tools Inter Symbol Change | PairCorr |
The ability to find closely correlated positions to Dril Quip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dril Quip 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 Dril Quip - 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 Dril Quip to buy it.
The correlation of Dril Quip 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 Dril Quip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dril Quip 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 Dril Quip 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.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.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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When running Dril Quip's price analysis, check to measure Dril Quip'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 Dril Quip is operating at the current time. Most of Dril Quip's value examination focuses on studying past and present price action to predict the probability of Dril Quip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dril Quip's price. Additionally, you may evaluate how the addition of Dril Quip to your portfolios can decrease your overall portfolio volatility.
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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.