Transportadora Total Liab vs Net Receivables Analysis

TGS Stock

USD 16.95 0.31 1.80%

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 Total Liab and its Net Receivables 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 closely tied with the direction of predictive economic indicators such as signals in price.

Total Liab vs Net Receivables

Total Liab vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Transportadora de Gas Total Liab account and Net Receivables. At this time, the significance of the direction appears to have totally related.

The correlation between Transportadora's Total Liab and Net Receivables is 0.99. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Receivables 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 Total Liab and Net Receivables 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 Liab of Transportadora de Gas are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Liab i.e., Transportadora's Total Liab and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Net Receivables

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 closely tied 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

Interest Expense Depreciation And Amortization

Transportadora 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	Accounts Payable	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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock Total Equity	Common Stock	Current Deferred Revenue
Total Assets		1.0	0.96	1.0	1.0	1.0	1.0	0.69	1.0	0.29	1.0	-0.02	0.99	1.0	-0.93	1.0	0.99	0.08	0.97	1.0	1.0	1.0	0.99	0.71	-0.02	1.0
Short Long Term Debt Total	1.0		0.96	1.0	1.0	1.0	1.0	0.66	1.0	0.29	1.0	-0.02	1.0	0.99	-0.92	1.0	0.99	0.03	0.98	1.0	1.0	1.0	0.99	0.69	-0.06	1.0
Other Current Liab	0.96	0.96		0.96	0.96	0.96	0.95	0.74	0.96	0.35	0.96	-0.04	0.94	0.96	-0.95	0.96	0.94	0.03	0.91	0.96	0.96	0.95	0.93	0.78	0.06	0.95
Total Current Liabilities	1.0	1.0	0.96		0.99	0.99	1.0	0.66	1.0	0.3	0.99	-0.02	1.0	0.99	-0.92	1.0	0.99	0.0	0.98	1.0	0.99	1.0	0.99	0.68	-0.08	1.0
Total Stockholder Equity	1.0	1.0	0.96	0.99		1.0	1.0	0.71	1.0	0.28	1.0	-0.02	0.99	1.0	-0.93	1.0	0.98	0.11	0.96	1.0	1.0	0.99	0.98	0.71	0.01	1.0
Property Plant And Equipment Net	1.0	1.0	0.96	0.99	1.0		1.0	0.71	1.0	0.29	1.0	-0.02	0.99	1.0	-0.94	1.0	0.98	0.1	0.96	1.0	1.0	0.99	0.98	0.72	0.01	1.0
Net Debt	1.0	1.0	0.95	1.0	1.0	1.0		0.65	1.0	0.27	1.0	-0.02	1.0	0.99	-0.92	1.0	0.99	0.03	0.98	1.0	1.0	1.0	0.99	0.68	-0.06	1.0
Retained Earnings	0.69	0.66	0.74	0.66	0.71	0.71	0.65		0.69	0.47	0.71	-0.07	0.62	0.74	-0.83	0.67	0.58	0.6	0.52	0.67	0.71	0.65	0.58	0.86	0.65	0.67
Accounts Payable	1.0	1.0	0.96	1.0	1.0	1.0	1.0	0.69		0.31	1.0	-0.03	0.99	1.0	-0.93	1.0	0.99	0.06	0.97	1.0	1.0	1.0	0.99	0.7	-0.03	1.0
Cash	0.29	0.29	0.35	0.3	0.28	0.29	0.27	0.47	0.31		0.28	-0.11	0.29	0.31	-0.46	0.29	0.26	-0.04	0.24	0.29	0.27	0.29	0.26	0.54	0.17	0.27
Non Current Assets Total	1.0	1.0	0.96	0.99	1.0	1.0	1.0	0.71	1.0	0.28		-0.02	0.99	1.0	-0.94	1.0	0.98	0.1	0.96	1.0	1.0	0.99	0.98	0.72	0.01	1.0
Non Currrent Assets Other	-0.02	-0.02	-0.04	-0.02	-0.02	-0.02	-0.02	-0.07	-0.03	-0.11	-0.02		-0.01	-0.03	0.05	-0.02	-0.01	-0.02	0.0	-0.02	-0.02	-0.02	-0.01	-0.07	-0.06	-0.02
Cash And Short Term Investments	0.99	1.0	0.94	1.0	0.99	0.99	1.0	0.62	0.99	0.29	0.99	-0.01		0.98	-0.89	1.0	1.0	-0.02	0.99	1.0	0.99	1.0	1.0	0.64	-0.13	1.0
Net Receivables	1.0	0.99	0.96	0.99	1.0	1.0	0.99	0.74	1.0	0.31	1.0	-0.03	0.98		-0.95	0.99	0.97	0.13	0.95	0.99	1.0	0.99	0.97	0.75	0.06	0.99
Common Stock Shares Outstanding	-0.93	-0.92	-0.95	-0.92	-0.93	-0.94	-0.92	-0.83	-0.93	-0.46	-0.94	0.05	-0.89	-0.95		-0.93	-0.88	-0.17	-0.84	-0.93	-0.93	-0.91	-0.88	-0.91	-0.24	-0.92
Non Current Liabilities Total	1.0	1.0	0.96	1.0	1.0	1.0	1.0	0.67	1.0	0.29	1.0	-0.02	1.0	0.99	-0.93		0.99	0.04	0.98	1.0	1.0	1.0	0.99	0.7	-0.05	1.0
Inventory	0.99	0.99	0.94	0.99	0.98	0.98	0.99	0.58	0.99	0.26	0.98	-0.01	1.0	0.97	-0.88	0.99		-0.06	1.0	0.99	0.98	1.0	1.0	0.61	-0.17	0.99
Other Current Assets	0.08	0.03	0.03	0.0	0.11	0.1	0.03	0.6	0.06	-0.04	0.1	-0.02	-0.02	0.13	-0.17	0.04	-0.06		-0.12	0.04	0.11	0.02	-0.06	0.33	0.85	0.05
Other Stockholder Equity	0.97	0.98	0.91	0.98	0.96	0.96	0.98	0.52	0.97	0.24	0.96	0.0	0.99	0.95	-0.84	0.98	1.0	-0.12		0.98	0.97	0.99	1.0	0.55	-0.25	0.98
Total Liab	1.0	1.0	0.96	1.0	1.0	1.0	1.0	0.67	1.0	0.29	1.0	-0.02	1.0	0.99	-0.93	1.0	0.99	0.04	0.98		1.0	1.0	0.99	0.7	-0.05	1.0
Property Plant And Equipment Gross	1.0	1.0	0.96	0.99	1.0	1.0	1.0	0.71	1.0	0.27	1.0	-0.02	0.99	1.0	-0.93	1.0	0.98	0.11	0.97	1.0		0.99	0.98	0.7	0.0	1.0
Total Current Assets	1.0	1.0	0.95	1.0	0.99	0.99	1.0	0.65	1.0	0.29	0.99	-0.02	1.0	0.99	-0.91	1.0	1.0	0.02	0.99	1.0	0.99		1.0	0.66	-0.09	1.0
Short Term Debt	0.99	0.99	0.93	0.99	0.98	0.98	0.99	0.58	0.99	0.26	0.98	-0.01	1.0	0.97	-0.88	0.99	1.0	-0.06	1.0	0.99	0.98	1.0		0.61	-0.18	0.99
Common Stock Total Equity	0.71	0.69	0.78	0.68	0.71	0.72	0.68	0.86	0.7	0.54	0.72	-0.07	0.64	0.75	-0.91	0.7	0.61	0.33	0.55	0.7	0.7	0.66	0.61		0.55	0.69
Common Stock	-0.02	-0.06	0.06	-0.08	0.01	0.01	-0.06	0.65	-0.03	0.17	0.01	-0.06	-0.13	0.06	-0.24	-0.05	-0.17	0.85	-0.25	-0.05	0.0	-0.09	-0.18	0.55		-0.05
Current Deferred Revenue	1.0	1.0	0.95	1.0	1.0	1.0	1.0	0.67	1.0	0.27	1.0	-0.02	1.0	0.99	-0.92	1.0	0.99	0.05	0.98	1.0	1.0	1.0	0.99	0.69	-0.05

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Transportadora Account Relationship Matchups

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

0.89	EC	Ecopetrol SA ADR	Pair Corr
0.89	SU	Suncor Energy	Pair Corr

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.

Pair Correlation Correlation Matching

Additional 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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