Crescent Capital Lease Obligations vs Other Current Assets Analysis

CRGY Stock  USD 14.55  0.30  2.02%   
Crescent Energy financial indicator trend analysis is way more than just evaluating Crescent Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Crescent Energy is a good investment. Please check the relationship between Crescent Energy Capital Lease Obligations and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Energy Co. 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.

Capital Lease Obligations vs Other Current Assets

Capital Lease Obligations vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Crescent Energy Capital Lease Obligations account and Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Crescent Energy's Capital Lease Obligations and Other Current Assets is 0.42. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Crescent Energy Co, assuming nothing else is changed. The correlation between historical values of Crescent Energy's Capital Lease Obligations and Other Current 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 Capital Lease Obligations of Crescent Energy Co are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Capital Lease Obligations i.e., Crescent Energy's Capital Lease Obligations and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.42
Relationship DirectionPositive 
Relationship StrengthWeak

Capital Lease Obligations

Crescent Energy capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Crescent Energy asset purchases. For example, Crescent Energy can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Crescent Energy control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Crescent Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Crescent Energy 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 Crescent Energy Co. 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.
Tax Provision is likely to rise to about 24.4 M in 2024. Selling General Administrative is likely to rise to about 203 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense50.7M95.9M145.8M79.3M
Depreciation And Amortization312.8M532.9M675.8M453.4M

Crescent Energy fundamental ratios Correlations

0.670.370.830.85-0.890.780.680.630.650.30.770.370.65-0.4-0.730.370.370.770.580.770.35-0.140.7-0.820.64
0.670.910.950.95-0.630.970.931.00.960.890.96-0.111.00.0-0.630.91-0.110.990.990.980.870.560.99-0.310.99
0.370.910.790.79-0.470.830.760.930.870.990.86-0.250.930.35-0.371.0-0.250.850.960.870.860.630.92-0.080.89
0.830.950.790.96-0.760.990.920.930.860.730.930.20.93-0.19-0.790.780.20.980.920.960.720.320.95-0.490.94
0.850.950.790.96-0.790.970.880.940.950.760.99-0.010.94-0.07-0.630.8-0.010.980.910.990.720.330.97-0.520.92
-0.89-0.63-0.47-0.76-0.79-0.69-0.48-0.6-0.61-0.4-0.77-0.29-0.610.010.55-0.47-0.29-0.69-0.59-0.74-0.360.28-0.680.9-0.55
0.780.970.830.990.97-0.690.950.950.920.780.950.080.96-0.14-0.70.830.080.990.940.980.730.430.97-0.380.96
0.680.930.760.920.88-0.480.950.920.860.720.840.030.92-0.32-0.760.750.030.950.890.890.780.590.9-0.210.96
0.631.00.930.930.94-0.60.950.920.960.910.96-0.171.00.05-0.590.93-0.170.980.990.980.890.590.99-0.270.99
0.650.960.870.860.95-0.610.920.860.960.870.97-0.30.960.12-0.430.89-0.30.950.940.970.810.560.96-0.290.93
0.30.890.990.730.76-0.40.780.720.910.870.84-0.370.90.42-0.271.0-0.370.820.940.840.850.680.89-0.010.87
0.770.960.860.930.99-0.770.950.840.960.970.84-0.110.960.09-0.530.87-0.110.970.940.990.750.380.98-0.460.92
0.37-0.11-0.250.2-0.01-0.290.080.03-0.17-0.3-0.37-0.11-0.15-0.58-0.55-0.31.0-0.01-0.13-0.06-0.37-0.6-0.09-0.42-0.1
0.651.00.930.930.94-0.610.960.921.00.960.90.96-0.150.04-0.60.93-0.150.980.990.980.880.580.99-0.290.99
-0.40.00.35-0.19-0.070.01-0.14-0.320.050.120.420.09-0.580.040.650.37-0.58-0.10.130.010.110.120.060.2-0.08
-0.73-0.63-0.37-0.79-0.630.55-0.7-0.76-0.59-0.43-0.27-0.53-0.55-0.60.65-0.35-0.55-0.68-0.55-0.6-0.51-0.08-0.590.52-0.66
0.370.911.00.780.8-0.470.830.750.930.891.00.87-0.30.930.37-0.35-0.30.850.960.870.860.640.92-0.080.89
0.37-0.11-0.250.2-0.01-0.290.080.03-0.17-0.3-0.37-0.111.0-0.15-0.58-0.55-0.3-0.01-0.13-0.06-0.37-0.6-0.09-0.42-0.1
0.770.990.850.980.98-0.690.990.950.980.950.820.97-0.010.98-0.1-0.680.85-0.010.960.990.790.470.99-0.390.98
0.580.990.960.920.91-0.590.940.890.990.940.940.94-0.130.990.13-0.550.96-0.130.960.960.860.580.99-0.230.97
0.770.980.870.960.99-0.740.980.890.980.970.840.99-0.060.980.01-0.60.87-0.060.990.960.780.420.99-0.430.96
0.350.870.860.720.72-0.360.730.780.890.810.850.75-0.370.880.11-0.510.86-0.370.790.860.780.710.83-0.110.88
-0.140.560.630.320.330.280.430.590.590.560.680.38-0.60.580.12-0.080.64-0.60.470.580.420.710.50.570.62
0.70.990.920.950.97-0.680.970.90.990.960.890.98-0.090.990.06-0.590.92-0.090.990.990.990.830.5-0.350.97
-0.82-0.31-0.08-0.49-0.520.9-0.38-0.21-0.27-0.29-0.01-0.46-0.42-0.290.20.52-0.08-0.42-0.39-0.23-0.43-0.110.57-0.35-0.23
0.640.990.890.940.92-0.550.960.960.990.930.870.92-0.10.99-0.08-0.660.89-0.10.980.970.960.880.620.97-0.23
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Crescent Energy Account Relationship Matchups

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