Texas Other Current Liab vs Cash And Short Term Investments Analysis
TPL Stock | USD 610.22 1.70 0.28% |
Texas Pacific financial indicator trend analysis is much more than just breaking down Texas Pacific Land prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Texas Pacific Land is a good investment. Please check the relationship between Texas Pacific Other Current Liab and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Texas Pacific Land. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Other Current Liab vs Cash And Short Term Investments
Other Current Liab 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 Texas Pacific Land Other Current Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Texas Pacific's Other Current Liab and Cash And Short Term Investments is 0.78. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Texas Pacific Land, assuming nothing else is changed. The correlation between historical values of Texas Pacific's Other Current Liab 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 Other Current Liab of Texas Pacific Land 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 Other Current Liab i.e., Texas Pacific's Other Current Liab and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Current Liab
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Texas Pacific Land balance sheet. This account contains Texas Pacific investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Texas Pacific Land 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 Texas Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Texas Pacific Land 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 Texas Pacific Land. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At this time, Texas Pacific's Selling General Administrative is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.15 this year, although the value of Tax Provision will most likely fall to about 72.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 421.5M | 634.5M | 583.3M | 612.4M | Total Revenue | 451.0M | 667.4M | 631.6M | 663.2M |
Texas Pacific fundamental ratios Correlations
Click cells to compare fundamentals
Texas Pacific Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Texas Pacific fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 598.2M | 571.6M | 764.1M | 877.4M | 1.2B | 1.2B | |
Total Stockholder Equity | 512.1M | 485.2M | 651.7M | 772.9M | 1.0B | 1.1B | |
Retained Earnings | 513.6M | 487.9M | 668.0M | 866.1M | 1.2B | 1.2B | |
Common Stock Shares Outstanding | 23.3M | 23.3M | 23.3M | 23.2M | 23.1M | 24.2M | |
Liabilities And Stockholders Equity | 598.2M | 571.6M | 764.1M | 877.4M | 1.2B | 1.2B | |
Property Plant And Equipment Net | 120.5M | 127.4M | 125.9M | 133.0M | 138.1M | 145.0M | |
Non Current Assets Total | 124.5M | 131.9M | 128.5M | 134.3M | 293.9M | 308.6M | |
Non Currrent Assets Other | 4.0M | 4.5M | 2.5M | 1.3M | (4.7M) | (4.5M) | |
Other Assets | 111.1M | 211.3M | 111.6M | 6.3M | 7.3M | 6.9M | |
Net Receivables | 63.0M | 48.2M | 95.2M | 104.0M | 129.0M | 135.4M | |
Total Current Assets | 473.7M | 439.8M | 635.6M | 743.1M | 862.5M | 905.6M | |
Other Current Liab | (12.8M) | 4.1M | 29.1M | 11.2M | 27.3M | 28.7M | |
Total Current Liabilities | 24.5M | 18.7M | 67.5M | 56.8M | 63.1M | 66.2M | |
Net Debt | (300.3M) | (278.2M) | (426.8M) | (508.9M) | (724.0M) | (687.8M) | |
Accounts Payable | 19.2M | 14.7M | 18.0M | 23.9M | 22.5M | 23.6M | |
Cash | 303.6M | 281.0M | 428.2M | 510.8M | 725.2M | 761.4M | |
Cash And Short Term Investments | 303.6M | 281.0M | 428.2M | 510.8M | 725.2M | 761.4M | |
Non Current Liabilities Total | 61.6M | 67.7M | 44.8M | 47.7M | 50.1M | 52.6M | |
Other Stockholder Equity | 1.0 | (487.9M) | (15.4M) | (95.8M) | (130.4M) | (123.9M) | |
Total Liab | 86.0M | 86.5M | 112.4M | 104.5M | 113.2M | 118.9M | |
Property Plant And Equipment Gross | 120.5M | 79.3M | 166.5M | 185.9M | 200.1M | 210.1M | |
Other Current Assets | (366.6M) | 2.0M | 3.1M | 7.4M | 2.9M | 3.1M | |
Property Plant Equipment | 195.4M | 81.7M | 81.5M | 242.7M | 279.1M | 293.1M | |
Other Liab | 58.2M | 64.9M | 60.0M | 63.0M | 72.4M | 76.1M | |
Accumulated Other Comprehensive Income | (1.5M) | (2.7M) | (1.0M) | 2.5M | 1.8M | 1.9M | |
Current Deferred Revenue | 17.4M | 26.2M | 20.4M | 21.7M | 25.0M | 12.7M | |
Inventory | 107.1M | 108.5M | 109.1M | 109.7M | 5.4M | 5.1M | |
Short Term Debt | 13.4M | 696K | 26.2M | 0.0 | 11.7M | 6.9M | |
Net Tangible Assets | 512.1M | 485.2M | 651.7M | 772.9M | 888.8M | 933.3M | |
Common Stock | 245.8M | 513.6M | 487.9M | 78K | 89.7K | 85.2K | |
Cash And Equivalents | 303.6M | 281.0M | 428.2M | 510.8M | 587.5M | 616.8M | |
Net Invested Capital | 512.1M | 485.2M | 651.7M | 772.9M | 1.0B | 595.4M | |
Net Working Capital | 449.3M | 421.0M | 568.0M | 686.3M | 799.4M | 501.8M |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Texas Pacific Land using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Texas Pacific Land. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Texas Stock analysis
When running Texas Pacific's price analysis, check to measure Texas Pacific'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 Texas Pacific is operating at the current time. Most of Texas Pacific's value examination focuses on studying past and present price action to predict the probability of Texas Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Texas Pacific's price. Additionally, you may evaluate how the addition of Texas Pacific to your portfolios can decrease your overall portfolio volatility.
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Fundamental Analysis View fundamental data based on most recent published financial statements |
Is Texas Pacific'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 Texas Pacific. If investors know Texas 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 Texas Pacific 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 0.325 | Dividend Share 4.423 | Earnings Share 18.79 | Revenue Per Share 28.637 | Quarterly Revenue Growth 0.19 |
The market value of Texas Pacific Land is measured differently than its book value, which is the value of Texas that is recorded on the company's balance sheet. Investors also form their own opinion of Texas Pacific's value that differs from its market value or its book value, called intrinsic value, which is Texas Pacific'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 Texas Pacific's market value can be influenced by many factors that don't directly affect Texas Pacific'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 Texas Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Texas Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Texas Pacific'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.