Geospace Other Current Liab vs Cash Analysis

GEOS Stock

USD 9.27 0.40 4.14%

Geospace Technologies financial indicator trend analysis is much more than just examining Geospace Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Geospace Technologies is a good investment. Please check the relationship between Geospace Technologies Other Current Liab and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Geospace Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Geospace Stock please use our How to Invest in Geospace Technologies guide.

Other Current Liab vs Cash

Other Current Liab vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Geospace Technologies Other Current Liab account and Cash. At this time, the significance of the direction appears to have strong relationship.

The correlation between Geospace Technologies' Other Current Liab and Cash is 0.6. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Geospace Technologies, assuming nothing else is changed. The correlation between historical values of Geospace Technologies' Other Current Liab 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 Other Current Liab of Geospace Technologies 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 Other Current Liab i.e., Geospace Technologies' Other Current Liab and Cash go up and down completely randomly.

Correlation Coefficient

0.6

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Current Liab

Cash

Cash refers to the most liquid asset of Geospace Technologies, which is listed under current asset account on Geospace Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Geospace Technologies customers. The amounts must be unrestricted with restricted cash listed in a different Geospace Technologies 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 Geospace Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Geospace Technologies 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Geospace Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Geospace Stock please use our How to Invest in Geospace Technologies guide.At this time, Geospace Technologies' Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 204.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 19.6 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	41.6M	41.8M	48.1M	30.7M
Cost Of Revenue	71.2M	72.8M	83.7M	78.3M

Total Operating Expenses Cost Of Revenue

Geospace Technologies 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	Retained Earnings	Accounts Payable	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	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		-0.12	-0.24	0.49	0.99	0.83	-0.37	0.97	0.35	0.34	0.51	-0.33	0.44	0.68	0.33	0.04	0.87	0.58	0.21	0.48	-0.05	0.93	0.76	-0.34	0.25	0.21
Short Long Term Debt Total	-0.12		-0.49	-0.59	-0.07	0.04	0.18	0.02	-0.59	-0.21	0.04	-0.13	-0.12	-0.35	-0.47	0.32	0.0	-0.09	-0.34	-0.48	-0.77	-0.16	0.24	-0.03	-0.19	-0.29
Other Current Liab	-0.24	-0.49		0.47	-0.31	-0.34	-0.56	-0.34	0.42	0.6	-0.31	-0.02	0.34	-0.28	0.64	0.05	-0.25	-0.33	-0.01	0.48	0.22	-0.14	-0.43	0.06	0.07	0.11
Total Current Liabilities	0.49	-0.59	0.47		0.41	0.16	-0.43	0.4	0.95	0.45	-0.06	-0.34	0.31	0.52	0.72	-0.16	0.49	0.34	-0.08	0.89	0.1	0.59	0.16	-0.26	0.08	0.09
Total Stockholder Equity	0.99	-0.07	-0.31	0.41		0.83	-0.32	0.98	0.27	0.3	0.52	-0.32	0.43	0.66	0.26	0.01	0.88	0.58	0.22	0.38	-0.06	0.92	0.78	-0.36	0.25	0.21
Property Plant And Equipment Net	0.83	0.04	-0.34	0.16	0.83		-0.36	0.75	0.05	0.33	0.79	-0.2	0.27	0.52	0.18	0.47	0.58	0.4	0.49	0.35	0.01	0.61	0.68	0.18	0.41	0.37
Net Debt	-0.37	0.18	-0.56	-0.43	-0.32	-0.36		-0.27	-0.24	-0.99	-0.26	0.08	-0.78	0.21	-0.77	-0.26	-0.17	0.05	-0.18	-0.53	-0.03	-0.31	-0.04	0.05	-0.19	-0.18
Retained Earnings	0.97	0.02	-0.34	0.4	0.98	0.75	-0.27		0.27	0.24	0.37	-0.43	0.38	0.65	0.2	-0.05	0.93	0.6	0.02	0.35	-0.17	0.96	0.8	-0.49	0.08	0.03
Accounts Payable	0.35	-0.59	0.42	0.95	0.27	0.05	-0.24	0.27		0.26	-0.16	-0.34	0.09	0.57	0.65	-0.18	0.4	0.21	-0.13	0.84	0.07	0.47	0.08	-0.23	0.02	0.03
Cash	0.34	-0.21	0.6	0.45	0.3	0.33	-0.99	0.24	0.26		0.24	-0.07	0.78	-0.22	0.78	0.24	0.15	-0.05	0.21	0.53	0.06	0.29	0.01	-0.03	0.26	0.25
Non Current Assets Total	0.51	0.04	-0.31	-0.06	0.52	0.79	-0.26	0.37	-0.16	0.24		0.4	0.32	0.19	0.12	0.57	0.08	0.13	0.75	0.18	0.03	0.16	0.4	0.45	0.6	0.57
Non Currrent Assets Other	-0.33	-0.13	-0.02	-0.34	-0.32	-0.2	0.08	-0.43	-0.34	-0.07	0.4		0.17	-0.44	-0.04	0.08	-0.68	-0.36	0.47	-0.26	0.2	-0.56	-0.38	0.33	0.22	0.26
Cash And Short Term Investments	0.44	-0.12	0.34	0.31	0.43	0.27	-0.78	0.38	0.09	0.78	0.32	0.17		-0.25	0.69	-0.08	0.21	-0.04	0.29	0.24	-0.04	0.37	0.0	-0.3	0.34	0.33
Net Receivables	0.68	-0.35	-0.28	0.52	0.66	0.52	0.21	0.65	0.57	-0.22	0.19	-0.44	-0.25		0.03	-0.07	0.72	0.54	0.08	0.46	0.13	0.7	0.64	-0.17	0.13	0.13
Common Stock Shares Outstanding	0.33	-0.47	0.64	0.72	0.26	0.18	-0.77	0.2	0.65	0.78	0.12	-0.04	0.69	0.03		0.01	0.16	-0.2	0.17	0.71	0.08	0.33	-0.17	-0.13	0.22	0.23
Non Current Liabilities Total	0.04	0.32	0.05	-0.16	0.01	0.47	-0.26	-0.05	-0.18	0.24	0.57	0.08	-0.08	-0.07	0.01		-0.18	-0.19	0.29	0.28	-0.27	-0.2	0.24	0.68	0.21	0.16
Inventory	0.87	0.0	-0.25	0.49	0.88	0.58	-0.17	0.93	0.4	0.15	0.08	-0.68	0.21	0.72	0.16	-0.18		0.63	-0.18	0.36	-0.18	0.97	0.78	-0.59	-0.01	-0.05
Other Current Assets	0.58	-0.09	-0.33	0.34	0.58	0.4	0.05	0.6	0.21	-0.05	0.13	-0.36	-0.04	0.54	-0.2	-0.19	0.63		-0.08	0.24	0.11	0.61	0.63	-0.19	-0.03	-0.03
Other Stockholder Equity	0.21	-0.34	-0.01	-0.08	0.22	0.49	-0.18	0.02	-0.13	0.21	0.75	0.47	0.29	0.08	0.17	0.29	-0.18	-0.08		0.02	0.47	-0.08	-0.03	0.53	0.86	0.89
Total Liab	0.48	-0.48	0.48	0.89	0.38	0.35	-0.53	0.35	0.84	0.53	0.18	-0.26	0.24	0.46	0.71	0.28	0.36	0.24	0.02		0.05	0.47	0.23	0.06	0.08	0.08
Property Plant And Equipment Gross	-0.05	-0.77	0.22	0.1	-0.06	0.01	-0.03	-0.17	0.07	0.06	0.03	0.2	-0.04	0.13	0.08	-0.27	-0.18	0.11	0.47	0.05		-0.07	-0.31	0.27	0.22	0.34
Total Current Assets	0.93	-0.16	-0.14	0.59	0.92	0.61	-0.31	0.96	0.47	0.29	0.16	-0.56	0.37	0.7	0.33	-0.2	0.97	0.61	-0.08	0.47	-0.07		0.71	-0.58	0.03	0.0
Short Term Debt	0.76	0.24	-0.43	0.16	0.78	0.68	-0.04	0.8	0.08	0.01	0.4	-0.38	0.0	0.64	-0.17	0.24	0.78	0.63	-0.03	0.23	-0.31	0.71		-0.26	0.06	-0.01
Intangible Assets	-0.34	-0.03	0.06	-0.26	-0.36	0.18	0.05	-0.49	-0.23	-0.03	0.45	0.33	-0.3	-0.17	-0.13	0.68	-0.59	-0.19	0.53	0.06	0.27	-0.58	-0.26		0.36	0.38
Common Stock Total Equity	0.25	-0.19	0.07	0.08	0.25	0.41	-0.19	0.08	0.02	0.26	0.6	0.22	0.34	0.13	0.22	0.21	-0.01	-0.03	0.86	0.08	0.22	0.03	0.06	0.36		0.99
Common Stock	0.21	-0.29	0.11	0.09	0.21	0.37	-0.18	0.03	0.03	0.25	0.57	0.26	0.33	0.13	0.23	0.16	-0.05	-0.03	0.89	0.08	0.34	0.0	-0.01	0.38	0.99

Click cells to compare fundamentals

Geospace Technologies Account Relationship Matchups

Geospace Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	186.8M	163.9M	135.1M	153.0M	176.0M	173.1M
Other Current Liab	8.8M	807K	6.2M	8.5M	7.7M	4.6M
Total Current Liabilities	10.3M	15.2M	12.6M	19.8M	22.8M	17.7M
Total Stockholder Equity	161.0M	142.5M	121.6M	132.7M	152.6M	149.2M
Property Plant And Equipment Net	84.2M	70.1M	55.8M	46.3M	53.3M	53.3M
Net Debt	(32.7M)	(12.8M)	(15.1M)	(18.0M)	(16.2M)	(15.4M)
Retained Earnings	86.6M	72.5M	49.7M	61.9M	71.1M	94.8M
Accounts Payable	1.6M	6.4M	5.6M	6.7M	7.7M	6.1M
Cash	32.7M	14.1M	16.1M	18.8M	21.6M	14.3M
Non Current Assets Total	121.9M	103.9M	75.1M	77.3M	88.9M	71.1M
Non Currrent Assets Other	25.0M	21.5M	13.0M	25.4M	29.2M	30.6M
Cash And Short Term Investments	32.7M	23.6M	17.0M	33.7M	38.8M	21.5M
Net Receivables	13.8M	18.2M	20.9M	21.4M	24.6M	22.4M
Common Stock Shares Outstanding	13.5M	13.4M	13.0M	13.2M	15.2M	13.9M
Liabilities And Stockholders Equity	186.8M	163.9M	135.1M	153.0M	176.0M	173.1M
Non Current Liabilities Total	15.5M	6.3M	782K	528K	475.2K	451.4K
Inventory	16.9M	16.2M	20.0M	18.4M	21.2M	20.1M
Other Current Assets	953K	2.1M	2.1M	2.3M	2.0M	2.7M
Other Stockholder Equity	91.0M	86.1M	87.2M	88.5M	101.8M	60.8M
Total Liab	25.9M	21.5M	13.4M	20.3M	23.4M	23.9M
Property Plant And Equipment Gross	84.2M	70.1M	181.8M	169.7M	195.2M	204.9M
Total Current Assets	64.9M	60.0M	60.0M	75.8M	87.1M	102.0M
Accumulated Other Comprehensive Income	(16.7M)	(16.3M)	(15.3M)	(17.8M)	(16.0M)	(15.2M)
Short Term Debt	8.8M	225K	241K	257K	295.6K	280.8K
Intangible Assets	8.3M	7.3M	5.6M	4.8M	5.5M	3.7M
Other Assets	22.2M	25.0M	21.5M	13.0M	15.0M	15.0M
Good Will	5.0M	4.3M	5.1M	736K	846.4K	804.1K
Property Plant Equipment	93.5M	29.9M	70.1M	55.8M	64.1M	48.4M
Current Deferred Revenue	8.8M	7.8M	629K	4.4M	5.0M	3.0M
Net Tangible Assets	163.8M	148.3M	130.1M	115.3M	103.8M	163.6M
Deferred Long Term Liab	45K	479K	4.6M	457K	411.3K	390.7K
Other Liab	10.0M	15.5M	5.2M	13K	15.0K	14.2K

Pair Trading with Geospace Technologies

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 Geospace Technologies 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 Geospace Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Geospace Stock

0.73

Tenaris SA ADR

Pair Corr

Moving against Geospace Stock

0.82	VTOL	Bristow Group	Pair Corr
0.76	DWSN	Dawson Geophysical Earnings Call This Week	Pair Corr
0.7	XPRO	Expro Group Holdings	Pair Corr
0.68	CLB	Core Laboratories	Pair Corr
0.65	NR	Newpark Resources	Pair Corr

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

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

Additional Tools for Geospace Stock Analysis

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

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