Tidewater Total Assets vs Other Current Assets Analysis

TDW-WT Stock

USD 9.87 1.22 11.00%

Tidewater financial indicator trend analysis is much more than just breaking down Tidewater prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tidewater is a good investment. Please check the relationship between Tidewater Total Assets and its Other Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tidewater. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Total Assets vs Other Current Assets

Total Assets vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tidewater Total Assets account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Tidewater's Total Assets and Other Current Assets is 0.32. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Tidewater, assuming nothing else is changed. The correlation between historical values of Tidewater's Total Assets and Other Current Assets 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 Assets of Tidewater are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Assets i.e., Tidewater's Total Assets and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Total Assets

Total assets refers to the total amount of Tidewater assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Tidewater books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

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

For more information on how to buy Tidewater Stock please use our How to Invest in Tidewater guide.At this time, Tidewater's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.14 in 2024, whereas Enterprise Value Over EBITDA is likely to drop 11.20 in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	68.2M	99.9M	94.2M	130.8M
Cost Of Revenue	378.6M	518.6M	741.2M	599.9M

Total Operating Expenses Cost Of Revenue

Tidewater 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	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	Total Current Assets	Short Term Debt	Common Stock	Good Will	Current Deferred Revenue	Accounts Payable	Other Assets
Total Assets		0.93	0.69	0.57	0.95	0.99	0.96	0.91	0.25	0.99	-0.2	0.24	0.88	-0.43	0.66	0.73	0.32	-0.75	0.96	0.75	0.51	0.73	0.33	-0.54	0.49	0.29
Short Long Term Debt Total	0.93		0.74	0.8	0.77	0.9	0.95	0.78	0.51	0.87	-0.2	0.5	0.82	-0.4	0.4	0.49	0.33	-0.69	0.99	0.89	0.75	0.66	0.29	-0.47	0.3	0.06
Other Current Liab	0.69	0.74		0.53	0.56	0.7	0.77	0.53	0.18	0.67	0.03	0.17	0.73	-0.17	0.4	0.33	0.28	-0.44	0.75	0.58	0.43	0.5	0.13	-0.59	0.35	-0.04
Total Current Liabilities	0.57	0.8	0.53		0.32	0.52	0.63	0.41	0.81	0.47	-0.18	0.8	0.41	-0.28	-0.22	0.0	0.37	-0.44	0.74	0.83	0.99	0.42	0.11	-0.25	-0.05	-0.23
Total Stockholder Equity	0.95	0.77	0.56	0.32		0.96	0.85	0.91	0.03	0.98	-0.17	0.03	0.83	-0.4	0.8	0.84	0.27	-0.72	0.83	0.57	0.28	0.7	0.35	-0.55	0.58	0.44
Property Plant And Equipment Net	0.99	0.9	0.7	0.52	0.96		0.96	0.92	0.16	1.0	-0.2	0.16	0.89	-0.44	0.7	0.75	0.28	-0.77	0.94	0.69	0.46	0.75	0.31	-0.56	0.51	0.32
Net Debt	0.96	0.95	0.77	0.63	0.85	0.96		0.86	0.23	0.94	-0.18	0.23	0.9	-0.42	0.6	0.64	0.26	-0.74	0.98	0.74	0.56	0.73	0.26	-0.53	0.42	0.21
Retained Earnings	0.91	0.78	0.53	0.41	0.91	0.92	0.86		0.09	0.93	-0.46	0.09	0.79	-0.71	0.69	0.84	0.23	-0.93	0.84	0.58	0.38	0.9	0.06	-0.36	0.67	0.57
Cash	0.25	0.51	0.18	0.81	0.03	0.16	0.23	0.09		0.12	-0.19	1.0	0.09	-0.12	-0.43	-0.24	0.35	-0.14	0.42	0.76	0.83	0.07	0.19	0.03	-0.24	-0.4
Non Current Assets Total	0.99	0.87	0.67	0.47	0.98	1.0	0.94	0.93	0.12		-0.17	0.12	0.86	-0.42	0.73	0.79	0.24	-0.76	0.92	0.65	0.42	0.75	0.32	-0.58	0.54	0.38
Non Currrent Assets Other	-0.2	-0.2	0.03	-0.18	-0.17	-0.2	-0.18	-0.46	-0.19	-0.17		-0.19	-0.24	0.86	-0.08	-0.23	-0.18	0.63	-0.21	-0.29	-0.19	-0.51	0.45	-0.4	-0.28	-0.32
Cash And Short Term Investments	0.24	0.5	0.17	0.8	0.03	0.16	0.23	0.09	1.0	0.12	-0.19		0.09	-0.12	-0.43	-0.25	0.36	-0.14	0.42	0.76	0.83	0.06	0.19	0.03	-0.24	-0.4
Net Receivables	0.88	0.82	0.73	0.41	0.83	0.89	0.9	0.79	0.09	0.86	-0.24	0.09		-0.39	0.72	0.62	0.46	-0.64	0.86	0.71	0.3	0.58	0.26	-0.33	0.43	0.14
Common Stock Shares Outstanding	-0.43	-0.4	-0.17	-0.28	-0.4	-0.44	-0.42	-0.71	-0.12	-0.42	0.86	-0.12	-0.39		-0.26	-0.53	-0.08	0.89	-0.43	-0.34	-0.29	-0.84	0.57	-0.24	-0.62	-0.61
Non Current Liabilities Total	0.66	0.4	0.4	-0.22	0.8	0.7	0.6	0.69	-0.43	0.73	-0.08	-0.43	0.72	-0.26		0.83	0.01	-0.49	0.49	0.17	-0.29	0.47	0.28	-0.39	0.59	0.49
Inventory	0.73	0.49	0.33	0.0	0.84	0.75	0.64	0.84	-0.24	0.79	-0.23	-0.25	0.62	-0.53	0.83		0.05	-0.72	0.57	0.24	-0.02	0.74	0.03	-0.39	0.83	0.74
Other Current Assets	0.32	0.33	0.28	0.37	0.27	0.28	0.26	0.23	0.35	0.24	-0.18	0.36	0.46	-0.08	0.01	0.05		-0.14	0.34	0.56	0.31	0.02	0.23	0.04	0.03	-0.23
Other Stockholder Equity	-0.75	-0.69	-0.44	-0.44	-0.72	-0.77	-0.74	-0.93	-0.14	-0.76	0.63	-0.14	-0.64	0.89	-0.49	-0.72	-0.14		-0.73	-0.51	-0.44	-0.97	0.25	0.15	-0.67	-0.62
Total Liab	0.96	0.99	0.75	0.74	0.83	0.94	0.98	0.84	0.42	0.92	-0.21	0.42	0.86	-0.43	0.49	0.57	0.34	-0.73		0.86	0.68	0.7	0.3	-0.5	0.36	0.13
Total Current Assets	0.75	0.89	0.58	0.83	0.57	0.69	0.74	0.58	0.76	0.65	-0.29	0.76	0.71	-0.34	0.17	0.24	0.56	-0.51	0.86		0.78	0.42	0.31	-0.19	0.11	-0.18
Short Term Debt	0.51	0.75	0.43	0.99	0.28	0.46	0.56	0.38	0.83	0.42	-0.19	0.83	0.3	-0.29	-0.29	-0.02	0.31	-0.44	0.68	0.78		0.42	0.08	-0.23	-0.06	-0.18
Common Stock	0.73	0.66	0.5	0.42	0.7	0.75	0.73	0.9	0.07	0.75	-0.51	0.06	0.58	-0.84	0.47	0.74	0.02	-0.97	0.7	0.42	0.42		-0.34	-0.23	0.76	0.68
Good Will	0.33	0.29	0.13	0.11	0.35	0.31	0.26	0.06	0.19	0.32	0.45	0.19	0.26	0.57	0.28	0.03	0.23	0.25	0.3	0.31	0.08	-0.34		-0.53	-0.39	-0.42
Current Deferred Revenue	-0.54	-0.47	-0.59	-0.25	-0.55	-0.56	-0.53	-0.36	0.03	-0.58	-0.4	0.03	-0.33	-0.24	-0.39	-0.39	0.04	0.15	-0.5	-0.19	-0.23	-0.23	-0.53		-0.18	-0.07
Accounts Payable	0.49	0.3	0.35	-0.05	0.58	0.51	0.42	0.67	-0.24	0.54	-0.28	-0.24	0.43	-0.62	0.59	0.83	0.03	-0.67	0.36	0.11	-0.06	0.76	-0.39	-0.18		0.84
Other Assets	0.29	0.06	-0.04	-0.23	0.44	0.32	0.21	0.57	-0.4	0.38	-0.32	-0.4	0.14	-0.61	0.49	0.74	-0.23	-0.62	0.13	-0.18	-0.18	0.68	-0.42	-0.07	0.84

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Tidewater Account Relationship Matchups

Tidewater fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	1.3B	1.1B	1.3B	2.1B	2.6B
Short Long Term Debt Total	288.9M	192.7M	167.9M	169.0M	741.5M	605.0M
Other Current Liab	5.4M	8.9M	135.1M	153.1M	173.9M	182.6M
Total Current Liabilities	185.7M	183.2M	157.9M	194.8M	328.7M	348.4M
Total Stockholder Equity	1.0B	822.1M	701.3M	866.0M	1.0B	1.6B
Property Plant And Equipment Net	939.0M	780.3M	688.0M	796.7M	1.3B	1.7B
Net Debt	70.6M	42.8M	18.8M	4.8M	465.9M	318.0M
Retained Earnings	(352.5M)	(548.9M)	(677.9M)	(699.6M)	(637.8M)	(605.9M)
Cash	218.3M	149.9M	149.0M	164.2M	275.7M	208.9M
Non Current Assets Total	1.0B	862.5M	753.1M	919.7M	1.5B	2.0B
Non Currrent Assets Other	98.3M	82.2M	65.1M	123.1M	152.4M	160.0M
Cash And Short Term Investments	218.3M	149.9M	149.0M	164.2M	275.7M	209.2M
Net Receivables	236.2M	174.7M	156.6M	156.5M	268.4M	301.3M
Common Stock Shares Outstanding	38.2M	40.4M	41.0M	44.1M	52.9M	55.6M
Liabilities And Stockholders Equity	1.6B	1.3B	1.1B	1.3B	2.1B	2.6B
Non Current Liabilities Total	377.4M	244.7M	236.1M	236.9M	696.3M	616.7M
Inventory	21.9M	15.9M	12.6M	30.8M	31.9M	28.9M
Other Current Assets	16.0M	11.7M	8.7M	21.0M	9.8M	10.8M
Other Stockholder Equity	1.4B	1.4B	1.4B	1.6B	1.7B	1.8B
Total Liab	563.1M	427.9M	394.0M	431.7M	1.0B	965.1M
Total Current Assets	537.3M	388.6M	342.7M	377.9M	585.7M	566.2M
Accumulated Other Comprehensive Income	(236K)	(804K)	2.7M	8.6M	5.3M	5.5M
Short Term Debt	9.9M	27.8M	1.4M	2.1M	104.9M	99.6M
Common Stock	37K	40K	41K	51K	52K	49.4K
Current Deferred Revenue	109.9M	142.8M	129.5M	600K	5M	4.8M
Accounts Payable	27.5M	17.0M	20.8M	38.9M	44.9M	41.0M

Pair Trading with Tidewater

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

Moving against Tidewater Stock

0.55	JSM	Navient SR	Pair Corr
0.54	ARGD	Argo Group 65	Pair Corr
0.52	DHCNI	DHCNI Potential Growth	Pair Corr

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

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

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

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