Sitio Cash vs Cash And Short Term Investments Analysis
STR Stock | USD 22.48 0.34 1.54% |
Sitio Royalties financial indicator trend analysis is much more than just breaking down Sitio Royalties Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sitio Royalties Corp is a good investment. Please check the relationship between Sitio Royalties Cash and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sitio Royalties Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Cash vs Cash And Short Term Investments
Cash 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 Sitio Royalties Corp Cash account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sitio Royalties' Cash and Cash And Short Term Investments is 0.85. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Sitio Royalties Corp, assuming nothing else is changed. The correlation between historical values of Sitio Royalties' Cash 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 Cash of Sitio Royalties Corp 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 Cash i.e., Sitio Royalties' Cash and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Sitio Royalties Corp, which is listed under current asset account on Sitio Royalties Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sitio Royalties customers. The amounts must be unrestricted with restricted cash listed in a different Sitio Royalties 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Sitio Royalties Corp balance sheet. This account contains Sitio Royalties investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Sitio Royalties Corp 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 Sitio Royalties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sitio Royalties Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sitio Royalties Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Sitio Royalties' Selling General Administrative is relatively stable compared to the past year. As of 06/06/2024, Tax Provision is likely to grow to about 7.7 M, while Issuance Of Capital Stock is likely to drop 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 120.6M | 369.6M | 593.4M | 967.3M | Depreciation And Amortization | 50.2M | 130.1M | 291.3M | 164.8M |
Sitio Royalties fundamental ratios Correlations
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Sitio Royalties Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sitio Royalties fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 290.3M | 275.7M | 1.2B | 5.2B | 4.8B | 2.4B | |
Short Long Term Debt Total | 42.5M | 39.8M | 134M | 945.8M | 872.5M | 553.5M | |
Total Current Liabilities | 2.2M | 3.1M | 4.6M | 26.4M | 31.8M | 30.2M | |
Total Stockholder Equity | 129.1M | 139.8M | 560.6M | 1.7B | 1.6B | 1.0B | |
Property Plant And Equipment Net | 219.7M | 207.9M | 1.2B | 5.0B | 4.6B | 4.8B | |
Net Debt | 40.0M | 37.1M | 121.6M | 926.9M | 857.3M | 536.0M | |
Retained Earnings | 22.7M | 18.7M | 9.6M | (9.2M) | (187.7M) | (178.4M) | |
Accounts Payable | 2.2M | 1.5M | 175K | 21.9M | 268K | 254.6K | |
Cash | 2.5M | 2.7M | 12.4M | 18.8M | 15.2M | 12.7M | |
Non Current Assets Total | 278.7M | 266.8M | 1.2B | 5.0B | 4.6B | 4.8B | |
Cash And Short Term Investments | 2.5M | 2.7M | 12.4M | 18.8M | 15.2M | 28.4M | |
Net Receivables | 7.9M | 5.4M | 36.2M | 142.0M | 107.3M | 125.7M | |
Common Stock Shares Outstanding | 11.5M | 21.5M | 20.0M | 13.7M | 81.3M | 88.1M | |
Liabilities And Stockholders Equity | 290.3M | 275.7M | 1.2B | 5.2B | 4.8B | 2.6B | |
Non Current Liabilities Total | 43.1M | 44.2M | 135.1M | 1.3B | 1.1B | 694.4M | |
Other Current Assets | 1.2M | 766K | 1.2M | 173.4M | 31.4M | 29.9M | |
Total Liab | 45.3M | 47.3M | 139.7M | 1.3B | 1.2B | 1.7B | |
Total Current Assets | 11.6M | 8.9M | 48.8M | 192.2M | 154.0M | 278.2M | |
Other Stockholder Equity | 129.1M | 121.1M | 551.0M | 1.7B | 1.8B | 1.9B | |
Non Currrent Assets Other | 2.5M | 3.0M | (50.0M) | 8.8M | 14.0M | 14.7M | |
Long Term Debt Total | 42.5M | 39.8M | 40M | 938.9M | 1.1B | 1.1B | |
Capital Surpluse | 117.6M | 121.1M | 121.0M | 1.8B | 2.0B | 2.1B | |
Cash And Equivalents | 2.5M | 2.7M | 2.8M | 18.8M | 21.6M | 22.7M | |
Other Assets | 979K | 1.0M | 2.1M | 22.2M | 20.0M | 14.1M | |
Long Term Debt | 42.5M | 39.8M | 40M | 938.9M | 865.3M | 908.6M | |
Net Invested Capital | 171.6M | 163.3M | 170.7M | 2.7B | 2.5B | 2.6B | |
Net Working Capital | 9.4M | 5.8M | 10.0M | 165.8M | 122.2M | 128.3M |
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