Permian Cash vs Cash And Short Term Investments Analysis
| PBT Stock | USD 13.20 0.07 0.53% |
Permian Basin financial indicator trend analysis is much more than just breaking down Permian Basin Royalty prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Permian Basin Royalty is a good investment. Please check the relationship between Permian Basin Cash and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Permian Basin Royalty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
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 Permian Basin Royalty Cash account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Permian Basin's Cash and Cash And Short Term Investments is -0.31. 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 Permian Basin Royalty, assuming nothing else is changed. The correlation between historical values of Permian Basin's 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 Permian Basin Royalty 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., Permian Basin's Cash and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.31 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Permian Basin Royalty, which is listed under current asset account on Permian Basin Royalty balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Permian Basin customers. The amounts must be unrestricted with restricted cash listed in a different Permian Basin 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 Permian Basin Royalty balance sheet. This account contains Permian Basin investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Permian Basin Royalty 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 Permian Basin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Permian Basin Royalty 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 Permian Basin Royalty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Permian Basin's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 24.19 in 2024, whereas Selling General Administrative is likely to drop slightly above 888.7 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 10.7M | 53.5M | 28.0M | 37.9M | Other Operating Expenses | 1.1M | 922.4K | 1.1M | 1.1M |
Permian Basin fundamental ratios Correlations
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Permian Basin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Permian Stock Analysis
When running Permian Basin's price analysis, check to measure Permian Basin'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 Permian Basin is operating at the current time. Most of Permian Basin's value examination focuses on studying past and present price action to predict the probability of Permian Basin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Permian Basin's price. Additionally, you may evaluate how the addition of Permian Basin to your portfolios can decrease your overall portfolio volatility.