Permian Total Current Assets vs Cash And Short Term Investments Analysis

PBT Stock

USD 11.13 0.65 5.52%

Permian Basin financial indicator trend analysis is much more than just breaking down Permian Basin Royalty prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Permian Basin Royalty is a good investment. Please check the relationship between Permian Basin Total Current Assets and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Permian Basin Royalty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Total Current Assets vs Cash And Short Term Investments

Total Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Permian Basin Royalty Total Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.

The correlation between Permian Basin's Total Current Assets and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Permian Basin Royalty, assuming nothing else is changed. The correlation between historical values of Permian Basin's Total Current Assets and Cash And Short Term Investments 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 Permian Basin Royalty are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Assets i.e., Permian Basin's Total Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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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 And Short Term Investments

Short Term Investments is an account in the current assets section of Permian Basin Royalty balance sheet. This account contains Permian Basin investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Permian Basin Royalty 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.

Most indicators from Permian Basin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Permian Basin Royalty 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 Permian Basin Royalty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Selling General Administrative is likely to drop to about 888.7 K in 2024. Sales General And Administrative To Revenue is likely to drop to 0.02 in 2024

	2021	2022	2023	2024 (projected)
Operating Income	10.7M	53.5M	28.0M	37.9M
Other Operating Expenses	1.1M	922.4K	1.1M	1.1M

Operating Income Other Operating Expenses

Permian Basin fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Total Current Assets	Short Long Term Debt Total	Non Current Liabilities Total	Total Liab	Other Assets	Common Stock Total Equity	Property Plant And Equipment Gross	Common Stock	Other Current Liab	Total Current Liabilities	Other Stockholder Equity	Accounts Payable	Other Liab	Net Tangible Assets	Long Term Investments	Intangible Assets	Property Plant Equipment
Common Stock Shares Outstanding		-0.19	0.18	0.18	0.83	-0.86	0.18	-0.03	-0.44	-0.44	1.0	0.33	-0.45	0.69	-0.11	-0.68	0.22	-0.33	-0.32	0.46	0.29	-0.33	0.4	0.36	0.42	0.4
Total Assets	-0.19		0.74	0.74	-0.12	0.12	0.74	-0.76	0.54	0.54	-0.2	0.63	0.39	-0.14	0.73	0.18	0.72	0.71	0.72	-0.21	0.36	-0.14	0.18	0.22	0.19	0.18
Total Stockholder Equity	0.18	0.74		1.0	0.26	-0.26	1.0	-0.93	-0.17	-0.17	0.18	0.96	-0.33	0.23	0.94	-0.1	1.0	0.17	0.15	-0.18	0.35	-0.44	0.43	0.45	0.46	0.43
Property Plant And Equipment Net	0.18	0.74	1.0		0.26	-0.26	1.0	-0.93	-0.17	-0.17	0.18	0.96	-0.33	0.23	0.94	-0.1	1.0	0.17	0.15	-0.18	0.35	-0.44	0.43	0.45	0.46	0.43
Net Debt	0.83	-0.12	0.26	0.26		-1.0	0.26	-0.02	-0.46	-0.46	0.83	0.33	-0.47	0.61	0.03	-0.7	0.31	-0.26	-0.23	0.57	0.21	-0.57	0.66	0.63	0.63	0.66
Cash	-0.86	0.12	-0.26	-0.26	-1.0		-0.26	0.02	0.45	0.45	-0.86	-0.33	0.46	-0.62	-0.01	0.71	-0.31	0.26	0.22	-0.57	-0.22	0.55	-0.64	-0.62	-0.62	-0.64
Non Current Assets Total	0.18	0.74	1.0	1.0	0.26	-0.26		-0.93	-0.17	-0.17	0.18	0.96	-0.33	0.23	0.94	-0.1	1.0	0.17	0.15	-0.18	0.35	-0.44	0.43	0.45	0.46	0.43
Non Currrent Assets Other	-0.03	-0.76	-0.93	-0.93	-0.02	0.02	-0.93		0.05	0.05	-0.02	-0.92	0.21	-0.03	-0.93	-0.14	-0.91	-0.21	-0.16	0.44	-0.37	0.21	-0.14	-0.17	-0.21	-0.14
Cash And Short Term Investments	-0.44	0.54	-0.17	-0.17	-0.46	0.45	-0.17	0.05		1.0	-0.44	-0.27	0.99	-0.45	-0.13	0.34	-0.19	0.84	0.87	-0.05	0.13	0.34	-0.26	-0.22	-0.29	-0.26
Total Current Assets	-0.44	0.54	-0.17	-0.17	-0.46	0.45	-0.17	0.05	1.0		-0.44	-0.27	0.99	-0.45	-0.13	0.34	-0.19	0.84	0.87	-0.05	0.13	0.34	-0.26	-0.22	-0.29	-0.26
Short Long Term Debt Total	1.0	-0.2	0.18	0.18	0.83	-0.86	0.18	-0.02	-0.44	-0.44		0.33	-0.45	0.69	-0.12	-0.68	0.21	-0.33	-0.32	0.46	0.29	-0.33	0.4	0.36	0.41	0.4
Non Current Liabilities Total	0.33	0.63	0.96	0.96	0.33	-0.33	0.96	-0.92	-0.27	-0.27	0.33		-0.42	0.25	0.88	-0.09	0.96	0.01	-0.01	-0.26	0.37	-0.33	0.3	0.32	0.36	0.3
Total Liab	-0.45	0.39	-0.33	-0.33	-0.47	0.46	-0.33	0.21	0.99	0.99	-0.45	-0.42		-0.47	-0.29	0.33	-0.35	0.78	0.82	-0.01	0.07	0.38	-0.3	-0.27	-0.33	-0.3
Other Assets	0.69	-0.14	0.23	0.23	0.61	-0.62	0.23	-0.03	-0.45	-0.45	0.69	0.25	-0.47		0.02	-0.84	0.28	-0.29	-0.26	0.62	0.17	-0.48	0.66	0.52	0.52	0.66
Common Stock Total Equity	-0.11	0.73	0.94	0.94	0.03	-0.01	0.94	-0.93	-0.13	-0.13	-0.12	0.88	-0.29	0.02		0.12	0.92	0.14	0.12	-0.36	0.23	-0.29	0.25	0.27	0.27	0.25
Property Plant And Equipment Gross	-0.68	0.18	-0.1	-0.1	-0.7	0.71	-0.1	-0.14	0.34	0.34	-0.68	-0.09	0.33	-0.84	0.12		-0.15	0.2	0.16	-0.8	-0.11	0.49	-0.68	-0.55	-0.53	-0.68
Common Stock	0.22	0.72	1.0	1.0	0.31	-0.31	1.0	-0.91	-0.19	-0.19	0.21	0.96	-0.35	0.28	0.92	-0.15		0.15	0.14	-0.13	0.33	-0.48	0.48	0.49	0.5	0.48
Other Current Liab	-0.33	0.71	0.17	0.17	-0.26	0.26	0.17	-0.21	0.84	0.84	-0.33	0.01	0.78	-0.29	0.14	0.2	0.15		0.97	0.03	0.43	-0.15	0.12	0.19	0.16	0.12
Total Current Liabilities	-0.32	0.72	0.15	0.15	-0.23	0.22	0.15	-0.16	0.87	0.87	-0.32	-0.01	0.82	-0.26	0.12	0.16	0.14	0.97		0.1	0.28	-0.15	0.18	0.24	0.19	0.18
Other Stockholder Equity	0.46	-0.21	-0.18	-0.18	0.57	-0.57	-0.18	0.44	-0.05	-0.05	0.46	-0.26	-0.01	0.62	-0.36	-0.8	-0.13	0.03	0.1		-0.03	-0.47	0.66	0.56	0.49	0.66
Accounts Payable	0.29	0.36	0.35	0.35	0.21	-0.22	0.35	-0.37	0.13	0.13	0.29	0.37	0.07	0.17	0.23	-0.11	0.33	0.43	0.28	-0.03		-0.26	0.18	0.21	0.29	0.18
Other Liab	-0.33	-0.14	-0.44	-0.44	-0.57	0.55	-0.44	0.21	0.34	0.34	-0.33	-0.33	0.38	-0.48	-0.29	0.49	-0.48	-0.15	-0.15	-0.47	-0.26		-0.92	-0.95	-0.97	-0.92
Net Tangible Assets	0.4	0.18	0.43	0.43	0.66	-0.64	0.43	-0.14	-0.26	-0.26	0.4	0.3	-0.3	0.66	0.25	-0.68	0.48	0.12	0.18	0.66	0.18	-0.92		0.98	0.94	1.0
Long Term Investments	0.36	0.22	0.45	0.45	0.63	-0.62	0.45	-0.17	-0.22	-0.22	0.36	0.32	-0.27	0.52	0.27	-0.55	0.49	0.19	0.24	0.56	0.21	-0.95	0.98		0.98	0.98
Intangible Assets	0.42	0.19	0.46	0.46	0.63	-0.62	0.46	-0.21	-0.29	-0.29	0.41	0.36	-0.33	0.52	0.27	-0.53	0.5	0.16	0.19	0.49	0.29	-0.97	0.94	0.98		0.94
Property Plant Equipment	0.4	0.18	0.43	0.43	0.66	-0.64	0.43	-0.14	-0.26	-0.26	0.4	0.3	-0.3	0.66	0.25	-0.68	0.48	0.12	0.18	0.66	0.18	-0.92	1.0	0.98	0.94

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Permian Total Current Assets vs Cash And Short Term Investments Analysis

Total Current Assets vs Cash And Short Term Investments

Total Current Assets vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Total Current Assets

Cash And Short Term Investments

Permian Basin fundamental ratios Correlations

Permian Basin Account Relationship Matchups

High Positive Relationship

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COMMON DESTINATIONS

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COMPANY

Short Long Term Debt Total	+ 1.0	Common Stock Shares Outstanding
Property Plant And Equipment Net	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Common Stock	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Property Plant And Equipment Net

Cash	- 1.0	Net Debt
Intangible Assets	- 0.97	Other Liab
Long Term Investments	- 0.95	Other Liab
Common Stock Total Equity	- 0.93	Non Currrent Assets Other
Non Currrent Assets Other	- 0.93	Non Current Assets Total
Non Currrent Assets Other	- 0.93	Property Plant And Equipment Net