Civitas Accounts Payable vs Total Assets Analysis
| CIVI Stock | USD 51.92 0.88 1.67% |
Civitas Resources financial indicator trend analysis is way more than just evaluating Civitas Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Civitas Resources is a good investment. Please check the relationship between Civitas Resources Accounts Payable and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Civitas Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For more detail on how to invest in Civitas Stock please use our How to Invest in Civitas Resources guide.
Accounts Payable vs Total Assets
Accounts Payable vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Civitas Resources Accounts Payable account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Civitas Resources' Accounts Payable and Total Assets is -0.31. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Assets in the same time period over historical financial statements of Civitas Resources, assuming nothing else is changed. The correlation between historical values of Civitas Resources' Accounts Payable 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 Accounts Payable of Civitas Resources 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 Accounts Payable i.e., Civitas Resources' Accounts Payable and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.31 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Civitas Resources obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Civitas Resources are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Total Assets
Total assets refers to the total amount of Civitas Resources 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 Civitas Resources 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 Civitas Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Civitas Resources 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Civitas Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For more detail on how to invest in Civitas Stock please use our How to Invest in Civitas Resources guide.As of now, Civitas Resources' Selling General Administrative is increasing as compared to previous years. The Civitas Resources' current Enterprise Value Over EBITDA is estimated to increase to 4.34, while Tax Provision is projected to decrease to under 119.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 9.7M | 32.2M | 182.7M | 191.9M | Depreciation And Amortization | 284.2M | 834.4M | 1.2B | 1.2B |
Civitas Resources fundamental ratios Correlations
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Civitas Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Civitas Resources fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.2B | 1.2B | 6.7B | 8.0B | 14.1B | 13.4B | |
| Other Current Liab | 6.4M | 4.5M | 451.5M | 321.9M | 478.7M | 454.8M | |
| Total Current Liabilities | 104.7M | 74.5M | 1.1B | 1.2B | 1.9B | 1.8B | |
| Total Stockholder Equity | 936.7M | 1.0B | 4.7B | 5.4B | 6.2B | 5.9B | |
| Property Plant And Equipment Net | 1.1B | 1.0B | 6.0B | 6.6B | 11.9B | 11.3B | |
| Net Debt | 110.4M | 5.3M | 277.5M | (350.0M) | 3.8B | 3.6B | |
| Retained Earnings | 230.2M | 333.8M | 451.0M | 1.2B | 1.2B | 1.2B | |
| Cash | 11.0M | 24.7M | 254.5M | 768.0M | 1.1B | 1.1B | |
| Non Current Assets Total | 1.1B | 1.1B | 6.0B | 6.6B | 12.0B | 11.4B | |
| Non Currrent Assets Other | 1.8M | 2.9M | 14.1M | (311.9M) | 38.1M | 36.2M | |
| Cash And Short Term Investments | 11.0M | 24.7M | 254.5M | 768.0M | 1.1B | 1.1B | |
| Common Stock Shares Outstanding | 20.7M | 20.9M | 37.7M | 85.6M | 87.0M | 47.5M | |
| Liabilities And Stockholders Equity | 1.2B | 1.2B | 6.7B | 8.0B | 14.1B | 13.4B | |
| Non Current Liabilities Total | 164.9M | 63.1M | 966.5M | 1.4B | 6.1B | 5.8B | |
| Inventory | 7.7M | 9.2M | 12.4M | 32.1M | 207.9M | 197.5M | |
| Other Current Assets | 9.9M | 11.1M | 24.4M | 81.1M | 266.4M | 253.1M | |
| Other Stockholder Equity | 702.2M | 707.2M | 4.2B | 4.2B | 5.0B | 4.7B | |
| Total Liab | 269.6M | 137.6M | 2.1B | 2.6B | 7.9B | 7.5B | |
| Total Current Assets | 110.5M | 92.4M | 719.9M | 1.3B | 2.1B | 2.0B | |
| Common Stock | 4.3M | 4.3M | 4.9M | 4.9M | 5.0M | 9.4M | |
| Short Long Term Debt Total | 121.4M | 30.0M | 532.0M | 418.1M | 5.0B | 4.7B | |
| Accounts Payable | 46.1M | 20.5M | 485.9M | 570.1M | 821.9M | 863.0M | |
| Net Receivables | 81.9M | 47.4M | 428.7M | 479.3M | 753.2M | 790.8M | |
| Short Term Debt | 13.9M | 24.1M | 37.7M | 26.9M | 125.7M | 109.4M | |
| Other Liab | 57.3M | 45.1M | 453.4M | 1.0B | 1.2B | 1.2B | |
| Net Tangible Assets | 936.7M | 1.0B | 4.7B | 5.4B | 6.2B | 6.5B | |
| Current Deferred Revenue | 65.7M | 38.3M | 168.4M | 319.6M | 4.5M | 4.3M | |
| Other Assets | 2.0M | 61.8M | 32.9M | 7.7M | 8.9M | 8.5M | |
| Capital Lease Obligations | 41.4M | 30.0M | 40.3M | 102.3M | 176.0M | 184.8M | |
| Net Invested Capital | 1.0B | 1.0B | 5.1B | 5.8B | 11.0B | 11.5B | |
| Net Working Capital | 5.8M | 17.9M | (399.6M) | 150.5M | 292.5M | 307.2M | |
| Property Plant Equipment | 1.1B | 1.0B | 5.9B | 6.6B | 7.6B | 8.0B | |
| Deferred Long Term Liab | 1.4M | 725K | 20.0M | 336.8M | 387.3M | 406.7M | |
| Capital Stock | 4.3M | 4.3M | 4.9M | 4.9M | 5.0M | 5.1M |
Currently Active Assets on Macroaxis
When determining whether Civitas Resources offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Civitas Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Civitas Resources Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Civitas Resources Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Civitas Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For more detail on how to invest in Civitas Stock please use our How to Invest in Civitas Resources guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Oil & Gas Exploration & Production space 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 Civitas Resources. If investors know Civitas 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 Civitas Resources 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 0.929 | Dividend Share 6.06 | Earnings Share 10.2 | Revenue Per Share 51.373 | Quarterly Revenue Growth 0.228 |
The market value of Civitas Resources is measured differently than its book value, which is the value of Civitas that is recorded on the company's balance sheet. Investors also form their own opinion of Civitas Resources' value that differs from its market value or its book value, called intrinsic value, which is Civitas Resources' 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 Civitas Resources' market value can be influenced by many factors that don't directly affect Civitas Resources' 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 Civitas Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Civitas Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Civitas Resources' 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.