Transportadora Net Debt vs Total Assets Analysis
| TGS Stock | USD 17.98 0.05 0.28% |
Transportadora financial indicator trend analysis is much more than just breaking down Transportadora de Gas prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Transportadora de Gas is a good investment. Please check the relationship between Transportadora Net Debt and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transportadora de Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Net Debt vs Total Assets
Net Debt vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Transportadora de Gas Net Debt account and Total Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Transportadora's Net Debt and Total Assets is 1.0. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Transportadora de Gas, assuming nothing else is changed. The correlation between historical values of Transportadora's Net Debt and Total 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 Net Debt of Transportadora de Gas are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Transportadora's Net Debt and Total Assets go up and down completely randomly.
Correlation Coefficient | 1.0 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Total Assets
Total assets refers to the total amount of Transportadora 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 Transportadora de Gas 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.Most indicators from Transportadora's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Transportadora de Gas 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 Transportadora de Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, Transportadora's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 17 B in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.02 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.5B | 6.8B | 24.6B | 25.9B | Depreciation And Amortization | 18.9B | 23.5B | 166.5B | 174.8B |
Transportadora fundamental ratios Correlations
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Transportadora Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Transportadora fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 95.6B | 128.6B | 208.2B | 412.1B | 1.5T | 1.6T | |
| Short Long Term Debt Total | 33.6B | 43.9B | 52.6B | 94.6B | 467.3B | 490.7B | |
| Other Current Liab | 1.9B | 4.1B | 12.5B | 5.7B | 24.0B | 25.2B | |
| Total Current Liabilities | 8.0B | 8.1B | 20.3B | 21.2B | 126.5B | 132.8B | |
| Total Stockholder Equity | 48.1B | 66.0B | 120.6B | 267.2B | 855.6B | 898.4B | |
| Property Plant And Equipment Net | 74.6B | 98.9B | 150.2B | 294.5B | 992.8B | 1.0T | |
| Net Debt | 23.8B | 39.2B | 48.2B | 91.6B | 460.7B | 483.8B | |
| Retained Earnings | 13.6B | 3.3B | 20.9B | 32.3B | 23.5B | 24.7B | |
| Accounts Payable | 4.1B | 2.8B | 6.1B | 10.5B | 41.7B | 43.8B | |
| Cash | 9.8B | 4.7B | 4.4B | 3.0B | 6.6B | 6.9B | |
| Non Current Assets Total | 74.7B | 112.8B | 172.7B | 334.8B | 1.1T | 1.2T | |
| Non Currrent Assets Other | 9.0M | 9.6M | 8.9M | 14.9M | 21.5M | 20.4M | |
| Cash And Short Term Investments | 10.8B | 6.8B | 17.7B | 42.3B | 329.4B | 345.9B | |
| Net Receivables | 8.3B | 7.0B | 13.2B | 23.3B | 65.7B | 69.0B | |
| Common Stock Shares Outstanding | 157.7M | 155.2M | 152.5M | 150.6M | 135.5M | 129.9M | |
| Liabilities And Stockholders Equity | 95.6B | 128.6B | 208.2B | 412.1B | 1.5T | 1.6T | |
| Non Current Liabilities Total | 39.6B | 54.5B | 67.3B | 123.7B | 560.3B | 588.4B | |
| Inventory | 307.6M | 571.5M | 1.2B | 1.8B | 29.2B | 30.7B | |
| Other Current Assets | 1.5B | 1.4B | 3.4B | 72.4B | 795.0M | 755.3M | |
| Other Stockholder Equity | (1.5B) | (4.8B) | (7.2B) | (8.1B) | 313.2B | 328.9B | |
| Total Liab | 47.5B | 62.6B | 87.6B | 144.9B | 686.8B | 721.2B | |
| Property Plant And Equipment Gross | 80.0B | 98.9B | 315.0B | 633.3B | 2.1T | 2.2T | |
| Total Current Assets | 20.9B | 15.8B | 35.5B | 77.3B | 425.2B | 446.4B | |
| Accumulated Other Comprehensive Income | 7.6B | 30.5B | 51.0B | 134.1B | 518.1B | 544.0B | |
| Short Term Debt | 1.7B | 936.8M | 1.2B | 3.9B | 56.3B | 59.1B | |
| Common Stock | 28.3B | 37.0B | 55.9B | 108.9B | 752.7M | 715.0M | |
| Current Deferred Revenue | 219.8M | 318.0M | 502.4M | 1.0B | 4.5B | 4.7B | |
| Other Assets | 80.1B | 35M | 32M | 27.4M | 1.0 | 0.95 | |
| Long Term Debt | 32.0B | 40.5B | 49.0B | 87.6B | 400.2B | 420.2B | |
| Short Term Investments | 1.0B | 2.1B | 13.3B | 39.3B | 322.8B | 339.0B | |
| Property Plant Equipment | 74.6B | 98.9B | 150.2B | 294.5B | 338.7B | 355.6B | |
| Other Liab | 5.7B | 7.7B | 11.5B | 15.9B | 18.3B | 19.2B | |
| Net Tangible Assets | 47.6B | 48.1B | 66.0B | 120.6B | 138.7B | 145.6B | |
| Long Term Investments | 84.1M | 13.9B | 22.5B | 40.3B | 107.6B | 113.0B | |
| Short Long Term Debt | 1.4B | 456.7M | 551.9M | 1.3B | 4.3B | 4.5B | |
| Long Term Debt Total | 34.2B | 58.8B | 51.4B | 90.7B | 104.3B | 109.5B | |
| Capital Lease Obligations | 2.4B | 2.9B | 3.0B | 4.3B | 17.2B | 18.1B | |
| Treasury Stock | (1.7B) | (1.2B) | (2.7B) | (4.1B) | (3.7B) | (3.5B) |
Pair Trading with Transportadora
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 Transportadora 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 Transportadora will appreciate offsetting losses from the drop in the long position's value.Moving together with Transportadora Stock
| 0.86 | EC | Ecopetrol SA ADR | PairCorr |
| 0.86 | SU | Suncor Energy | PairCorr |
The ability to find closely correlated positions to Transportadora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Transportadora 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 Transportadora - 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 Transportadora de Gas to buy it.
The correlation of Transportadora 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 Transportadora moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transportadora de Gas 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 Transportadora 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Transportadora de Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Transportadora de Gas information on this page should be used as a complementary analysis to other Transportadora's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Transportadora Stock analysis
When running Transportadora's price analysis, check to measure Transportadora'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 Transportadora is operating at the current time. Most of Transportadora's value examination focuses on studying past and present price action to predict the probability of Transportadora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transportadora's price. Additionally, you may evaluate how the addition of Transportadora to your portfolios can decrease your overall portfolio volatility.
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Is Transportadora's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Transportadora. If investors know Transportadora will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Transportadora listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.57) | Earnings Share 0.18 | Revenue Per Share 3 K | Quarterly Revenue Growth (0.13) | Return On Assets 0.0521 |
The market value of Transportadora de Gas is measured differently than its book value, which is the value of Transportadora that is recorded on the company's balance sheet. Investors also form their own opinion of Transportadora's value that differs from its market value or its book value, called intrinsic value, which is Transportadora's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Transportadora's market value can be influenced by many factors that don't directly affect Transportadora's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Transportadora's value and its price as these two are different measures arrived at by different means. Investors typically determine if Transportadora is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Transportadora's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.