| OILCOUNTUB | | | 72.68 3.46 5.00% |
Oil Country financial indicator trend analysis is much more than just breaking down Oil Country Tubular prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Oil Country Tubular is a good investment. Please check the relationship between Oil Country Other Current Assets and its Total Current Liabilities accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oil Country Tubular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Other Current Assets vs Total Current Liabilities
Other Current Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Oil Country Tubular Other Current Assets account and
Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Oil Country's Other Current Assets and Total Current Liabilities is 0.52. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Oil Country Tubular, assuming nothing else is changed. The correlation between historical values of Oil Country's Other Current Assets and Total Current Liabilities 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 Assets of Oil Country Tubular are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Current Assets i.e., Oil Country's Other Current Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.52 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
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.
Total Current Liabilities
Total Current Liabilities is an item on Oil Country balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Oil Country Tubular are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Oil Country's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Oil Country Tubular 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 Oil Country Tubular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
As of the 21st of January 2025,
Selling General Administrative is likely to drop to about 5.7
M. In addition to that,
Tax Provision is likely to drop to about (56.9
M)
Oil Country fundamental ratios Correlations
Click cells to compare fundamentals
Oil Country Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Oil Country fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Oil Stock
Balance Sheet is a snapshot of the
financial position of Oil Country Tubular at a specified time, usually calculated after every quarter, six months, or one year. Oil Country Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Oil Country and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Oil currently owns. An asset can also be divided into two categories, current and non-current.