Sitio Other Current Liab vs Non Current Liabilities Total 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 Other Current Liab and its Non Current Liabilities Total 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.

Other Current Liab vs Non Current Liabilities Total

Other Current Liab vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sitio Royalties Corp Other Current Liab account and Non Current Liabilities Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sitio Royalties' Other Current Liab and Non Current Liabilities Total is 0.83. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Non Current Liabilities Total 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' Other Current Liab and Non Current Liabilities Total 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 Sitio Royalties Corp are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Current Liab i.e., Sitio Royalties' Other Current Liab and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Other Current Liab

Non Current Liabilities Total

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 Revenue120.6M369.6M593.4M967.3M
Depreciation And Amortization50.2M130.1M291.3M164.8M

Sitio Royalties fundamental ratios Correlations

0.890.60.610.980.930.580.890.520.570.780.930.70.880.060.590.140.850.80.760.820.39-0.320.50.36-0.06
0.890.80.770.80.810.81.00.620.650.690.820.660.69-0.250.550.080.980.890.960.870.45-0.250.670.090.26
0.60.80.980.470.450.970.80.890.760.710.470.730.44-0.070.70.170.830.90.880.870.72-0.240.87-0.410.08
0.610.770.980.490.460.970.770.930.830.690.470.740.510.060.780.170.780.890.840.880.78-0.370.9-0.42-0.05
0.980.80.470.490.950.440.790.40.460.760.950.670.910.130.550.120.760.70.660.760.32-0.320.380.51-0.14
0.930.810.450.460.950.430.810.320.40.71.00.660.90.010.50.060.770.660.720.780.29-0.340.320.59-0.02
0.580.80.970.970.440.430.80.90.810.650.440.70.44-0.080.710.160.80.890.880.850.69-0.330.9-0.440.09
0.891.00.80.770.790.810.80.620.650.690.810.650.69-0.260.540.070.980.890.960.860.45-0.250.670.090.26
0.520.620.890.930.40.320.90.620.920.680.340.790.50.320.870.360.650.820.680.820.62-0.530.92-0.55-0.31
0.570.650.760.830.460.40.810.650.920.550.420.740.620.340.890.370.640.740.670.80.44-0.750.89-0.42-0.33
0.780.690.710.690.760.70.650.690.680.550.70.850.680.260.680.270.740.810.650.820.46-0.210.590.06-0.24
0.930.820.470.470.951.00.440.810.340.420.70.670.90.010.510.070.780.670.730.790.29-0.350.340.57-0.02
0.70.660.730.740.670.660.70.650.790.740.850.670.730.380.840.580.730.740.680.880.39-0.540.69-0.04-0.37
0.880.690.440.510.910.90.440.690.50.620.680.90.730.370.730.170.630.650.60.810.33-0.650.450.42-0.38
0.06-0.25-0.070.060.130.01-0.08-0.260.320.340.260.010.380.370.580.39-0.25-0.02-0.310.140.08-0.580.13-0.07-1.0
0.590.550.70.780.550.50.710.540.870.890.680.510.840.730.580.360.540.650.560.830.5-0.750.77-0.23-0.58
0.140.080.170.170.120.060.160.070.360.370.270.070.580.170.390.360.240.140.070.2-0.13-0.320.2-0.18-0.38
0.850.980.830.780.760.770.80.980.650.640.740.780.730.63-0.250.540.240.890.950.850.42-0.190.660.040.25
0.80.890.90.890.70.660.890.890.820.740.810.670.740.65-0.020.650.140.890.880.90.64-0.270.79-0.160.03
0.760.960.880.840.660.720.880.960.680.670.650.730.680.6-0.310.560.070.950.880.890.51-0.270.73-0.050.31
0.820.870.870.880.760.780.850.860.820.80.820.790.880.810.140.830.20.850.90.890.6-0.530.79-0.02-0.14
0.390.450.720.780.320.290.690.450.620.440.460.290.390.330.080.5-0.130.420.640.510.6-0.110.57-0.27-0.08
-0.32-0.25-0.24-0.37-0.32-0.34-0.33-0.25-0.53-0.75-0.21-0.35-0.54-0.65-0.58-0.75-0.32-0.19-0.27-0.27-0.53-0.11-0.50.080.59
0.50.670.870.90.380.320.90.670.920.890.590.340.690.450.130.770.20.660.790.730.790.57-0.5-0.53-0.12
0.360.09-0.41-0.420.510.59-0.440.09-0.55-0.420.060.57-0.040.42-0.07-0.23-0.180.04-0.16-0.05-0.02-0.270.08-0.530.05
-0.060.260.08-0.05-0.14-0.020.090.26-0.31-0.33-0.24-0.02-0.37-0.38-1.0-0.58-0.380.250.030.31-0.14-0.080.59-0.120.05
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Sitio Royalties Account Relationship Matchups

Sitio Royalties fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets290.3M275.7M1.2B5.2B4.8B2.4B
Short Long Term Debt Total42.5M39.8M134M945.8M872.5M553.5M
Total Current Liabilities2.2M3.1M4.6M26.4M31.8M30.2M
Total Stockholder Equity129.1M139.8M560.6M1.7B1.6B1.0B
Property Plant And Equipment Net219.7M207.9M1.2B5.0B4.6B4.8B
Net Debt40.0M37.1M121.6M926.9M857.3M536.0M
Retained Earnings22.7M18.7M9.6M(9.2M)(187.7M)(178.4M)
Accounts Payable2.2M1.5M175K21.9M268K254.6K
Cash2.5M2.7M12.4M18.8M15.2M12.7M
Non Current Assets Total278.7M266.8M1.2B5.0B4.6B4.8B
Cash And Short Term Investments2.5M2.7M12.4M18.8M15.2M28.4M
Net Receivables7.9M5.4M36.2M142.0M107.3M125.7M
Common Stock Shares Outstanding11.5M21.5M20.0M13.7M81.3M88.1M
Liabilities And Stockholders Equity290.3M275.7M1.2B5.2B4.8B2.6B
Non Current Liabilities Total43.1M44.2M135.1M1.3B1.1B694.4M
Other Current Assets1.2M766K1.2M173.4M31.4M29.9M
Total Liab45.3M47.3M139.7M1.3B1.2B1.7B
Total Current Assets11.6M8.9M48.8M192.2M154.0M278.2M
Other Stockholder Equity129.1M121.1M551.0M1.7B1.8B1.9B
Non Currrent Assets Other2.5M3.0M(50.0M)8.8M14.0M14.7M
Long Term Debt Total42.5M39.8M40M938.9M1.1B1.1B
Capital Surpluse117.6M121.1M121.0M1.8B2.0B2.1B
Cash And Equivalents2.5M2.7M2.8M18.8M21.6M22.7M
Other Assets979K1.0M2.1M22.2M20.0M14.1M
Long Term Debt42.5M39.8M40M938.9M865.3M908.6M
Net Invested Capital171.6M163.3M170.7M2.7B2.5B2.6B
Net Working Capital9.4M5.8M10.0M165.8M122.2M128.3M

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Additional Tools for Sitio Stock Analysis

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