Pyxis Long Term Debt vs Non Currrent Assets Other Analysis

PXS Stock  USD 5.02  0.01  0.20%   
Pyxis Tankers financial indicator trend analysis is much more than just breaking down Pyxis Tankers prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pyxis Tankers is a good investment. Please check the relationship between Pyxis Tankers Long Term Debt and its Non Currrent Assets Other accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pyxis Tankers. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy Pyxis Stock please use our How to Invest in Pyxis Tankers guide.

Long Term Debt vs Non Currrent Assets Other

Long Term Debt vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pyxis Tankers Long Term Debt account and Non Currrent Assets Other. At this time, the significance of the direction appears to have no relationship.
The correlation between Pyxis Tankers' Long Term Debt and Non Currrent Assets Other is 0.07. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Pyxis Tankers, assuming nothing else is changed. The correlation between historical values of Pyxis Tankers' Long Term Debt and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Pyxis Tankers are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Long Term Debt i.e., Pyxis Tankers' Long Term Debt and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.07
Relationship DirectionPositive 
Relationship StrengthInsignificant

Long Term Debt

Long-term debt is a debt that Pyxis Tankers has held for over one year. Long-term debt appears on Pyxis Tankers balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Pyxis Tankers balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Pyxis Tankers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pyxis Tankers 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 Pyxis Tankers. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy Pyxis Stock please use our How to Invest in Pyxis Tankers guide.At this time, Pyxis Tankers' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 3.30 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense3.3M4.4M5.6M3.9M
Depreciation And Amortization7.3M6.6M5.9M6.2M

Pyxis Tankers fundamental ratios Correlations

0.30.280.230.870.750.540.27-0.20.51-0.60.520.51-0.16-0.570.280.510.41-0.20.470.280.10.180.150.32-0.15
0.30.30.4-0.030.570.830.420.770.06-0.34-0.520.840.010.460.97-0.55-0.08-0.09-0.590.970.080.43-0.20.88-0.24
0.280.30.91-0.040.290.6-0.290.340.51-0.56-0.320.53-0.33-0.320.26-0.320.43-0.17-0.310.25-0.55-0.16-0.60.70.1
0.230.40.91-0.160.160.53-0.010.420.25-0.3-0.330.44-0.46-0.120.29-0.340.250.1-0.350.29-0.37-0.21-0.420.770.08
0.87-0.03-0.04-0.160.660.210.12-0.570.39-0.460.670.21-0.02-0.62-0.020.660.4-0.20.64-0.020.20.140.36-0.1-0.13
0.750.570.290.160.660.760.180.170.43-0.73-0.030.790.13-0.240.61-0.050.56-0.43-0.090.610.180.54-0.020.5-0.37
0.540.830.60.530.210.760.130.610.53-0.68-0.390.98-0.070.080.86-0.410.29-0.47-0.430.86-0.190.37-0.470.87-0.23
0.270.42-0.29-0.010.120.180.130.18-0.310.190.150.11-0.260.260.360.11-0.050.340.040.360.530.270.420.230.03
-0.20.770.340.42-0.570.170.610.180.02-0.17-0.780.640.150.580.77-0.8-0.16-0.17-0.810.77-0.10.4-0.510.75-0.26
0.510.060.510.250.390.430.53-0.310.02-0.780.10.520.15-0.480.130.130.28-0.780.180.13-0.650.3-0.690.24-0.23
-0.6-0.34-0.56-0.3-0.46-0.73-0.680.19-0.17-0.780.04-0.71-0.20.48-0.380.04-0.460.530.03-0.380.39-0.480.47-0.430.17
0.52-0.52-0.32-0.330.67-0.03-0.390.15-0.780.10.04-0.43-0.18-0.65-0.551.00.110.180.98-0.550.25-0.220.55-0.550.15
0.510.840.530.440.210.790.980.110.640.52-0.71-0.430.110.10.88-0.450.25-0.51-0.460.88-0.160.49-0.470.84-0.35
-0.160.01-0.33-0.46-0.020.13-0.07-0.260.150.15-0.2-0.180.110.030.07-0.15-0.29-0.4-0.110.070.00.58-0.17-0.22-0.69
-0.570.46-0.32-0.12-0.62-0.240.080.260.58-0.480.48-0.650.10.030.47-0.66-0.570.08-0.670.470.140.16-0.080.24-0.09
0.280.970.260.29-0.020.610.860.360.770.13-0.38-0.550.880.070.47-0.57-0.01-0.24-0.611.00.040.47-0.260.83-0.22
0.51-0.55-0.32-0.340.66-0.05-0.410.11-0.80.130.041.0-0.45-0.15-0.66-0.570.080.150.99-0.570.21-0.230.52-0.570.14
0.41-0.080.430.250.40.560.29-0.05-0.160.28-0.460.110.25-0.29-0.57-0.010.08-0.220.05-0.020.110.010.010.130.17
-0.2-0.09-0.170.1-0.2-0.43-0.470.34-0.17-0.780.530.18-0.51-0.40.08-0.240.15-0.220.09-0.240.42-0.510.65-0.10.48
0.47-0.59-0.31-0.350.64-0.09-0.430.04-0.810.180.030.98-0.46-0.11-0.67-0.610.990.050.09-0.610.13-0.240.45-0.60.11
0.280.970.250.29-0.020.610.860.360.770.13-0.38-0.550.880.070.471.0-0.57-0.02-0.24-0.610.040.48-0.260.83-0.21
0.10.08-0.55-0.370.20.18-0.190.53-0.1-0.650.390.25-0.160.00.140.040.210.110.420.130.040.040.83-0.19-0.17
0.180.43-0.16-0.210.140.540.370.270.40.3-0.48-0.220.490.580.160.47-0.230.01-0.51-0.240.480.04-0.220.19-0.57
0.15-0.2-0.6-0.420.36-0.02-0.470.42-0.51-0.690.470.55-0.47-0.17-0.08-0.260.520.010.650.45-0.260.83-0.22-0.420.14
0.320.880.70.77-0.10.50.870.230.750.24-0.43-0.550.84-0.220.240.83-0.570.13-0.1-0.60.83-0.190.19-0.42-0.1
-0.15-0.240.10.08-0.13-0.37-0.230.03-0.26-0.230.170.15-0.35-0.69-0.09-0.220.140.170.480.11-0.21-0.17-0.570.14-0.1
Click cells to compare fundamentals

Pyxis Tankers Account Relationship Matchups

Pyxis Tankers fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets108.8M93.2M142.6M139.0M166.3M143.2M
Short Long Term Debt Total63.2M58.6M82.6M70.9M61.0M56.3M
Other Current Liab7.6M677K8.1M2.0M1.6M1.6M
Total Current Liabilities22.5M8.3M22.8M12.6M10.1M11.6M
Total Stockholder Equity32M29.6M48.9M61.4M96.5M56.8M
Net Tangible Assets32M29.6M48.9M61.4M55.2M37.7M
Property Plant And Equipment Net87.5M83.8M119.7M114.2M101.9M88.6M
Net Debt61.8M57.0M76.4M63.3M26.4M51.9M
Retained Earnings(43.2M)(50.2M)(63.0M)(50.5M)(14.3M)(15.0M)
Accounts Payable4.5M3.6M3.1M2.6M1.7M2.8M
Cash1.4M1.6M6.2M7.6M34.5M36.3M
Non Current Assets Total91.5M87.8M123.5M117.8M105.4M92.7M
Non Currrent Assets Other826K1.6M912K794K1.7M3.1M
Other Assets4.0M4.0M3.7M3.0M1.00.95
Long Term Debt54.2M55.3M70.9M65.0M55.4M51.0M
Cash And Short Term Investments1.4M1.6M6.2M7.6M54.5M57.3M
Net Receivables1.2M3.0M1.7M11.1M5.2M3.8M
Common Stock Shares Outstanding21.2M21.5M36.0M12.6M12.6M13.2M
Liabilities And Stockholders Equity108.8M93.2M142.6M139.0M166.3M143.2M
Non Current Liabilities Total54.2M55.3M70.9M65.0M55.4M51.0M
Inventory501K681K1.6M1.9M957K1.1M
Other Current Assets325K133K186K580K226K336.7K
Other Stockholder Equity75.2M79.7M111.8M111.8M110.8M90.6M
Total Liab76.8M63.6M93.7M77.6M65.5M62.6M
Deferred Long Term Liab779K1.6M912K794K913.1K797.4K
Short Long Term Debt9.0M3.3M11.7M5.8M5.6M10.1M
Total Current Assets17.2M5.4M19.1M21.1M60.9M63.9M
Short Term Debt9.0M3.3M11.7M5.8M5.6M7.3M
Property Plant Equipment87.5M83.8M119.7M114.2M102.8M90.4M
Net Invested Capital95.2M88.1M131.4M132.2M157.5M130.7M
Net Working Capital(5.3M)(2.9M)(3.7M)8.6M50.8M53.3M

Pair Trading with Pyxis Tankers

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 Pyxis Tankers 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 Pyxis Tankers will appreciate offsetting losses from the drop in the long position's value.

Moving together with Pyxis Stock

  0.64AM Antero Midstream PartnersPairCorr
  0.63EE Excelerate EnergyPairCorr
  0.7ET Energy Transfer LPPairCorr

Moving against Pyxis Stock

  0.49GLP Global Partners LPPairCorr
  0.45PXSAW Pyxis TankersPairCorr
The ability to find closely correlated positions to Pyxis Tankers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pyxis Tankers 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 Pyxis Tankers - 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 Pyxis Tankers to buy it.
The correlation of Pyxis Tankers 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 Pyxis Tankers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pyxis Tankers 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 Pyxis Tankers 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 CorrelationCorrelation Matching
When determining whether Pyxis Tankers is a strong investment it is important to analyze Pyxis Tankers' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pyxis Tankers' future performance. For an informed investment choice regarding Pyxis Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pyxis Tankers. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy Pyxis Stock please use our How to Invest in Pyxis Tankers guide.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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Is Pyxis Tankers' 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 Pyxis Tankers. If investors know Pyxis 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 Pyxis Tankers 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
2.319
Earnings Share
2.94
Revenue Per Share
4.249
Quarterly Revenue Growth
(0.28)
Return On Assets
0.0686
The market value of Pyxis Tankers is measured differently than its book value, which is the value of Pyxis that is recorded on the company's balance sheet. Investors also form their own opinion of Pyxis Tankers' value that differs from its market value or its book value, called intrinsic value, which is Pyxis Tankers' 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 Pyxis Tankers' market value can be influenced by many factors that don't directly affect Pyxis Tankers' 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 Pyxis Tankers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Pyxis Tankers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pyxis Tankers' 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.