PEDEVCO Total Assets vs Net Debt Analysis
| PED Stock | USD 0.86 0.01 1.15% |
PEDEVCO Corp financial indicator trend analysis is much more than just breaking down PEDEVCO Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PEDEVCO Corp is a good investment. Please check the relationship between PEDEVCO Corp Total Assets and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PEDEVCO Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For information on how to trade PEDEVCO Stock refer to our How to Trade PEDEVCO Stock guide.
Total Assets vs Net Debt
Total Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PEDEVCO Corp Total Assets account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between PEDEVCO Corp's Total Assets and Net Debt is -0.45. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of PEDEVCO Corp, assuming nothing else is changed. The correlation between historical values of PEDEVCO Corp's Total Assets and Net Debt 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 Assets of PEDEVCO Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Assets i.e., PEDEVCO Corp's Total Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.45 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of PEDEVCO Corp 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 PEDEVCO Corp 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.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.Most indicators from PEDEVCO Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PEDEVCO Corp 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in PEDEVCO Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For information on how to trade PEDEVCO Stock refer to our How to Trade PEDEVCO Stock guide.The current year's Enterprise Value is expected to grow to about 76.7 M, whereas Selling General Administrative is forecasted to decline to about 5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1K | 214K | 246.1K | 233.8K | Depreciation And Amortization | 7.5M | 11.3M | 11.0M | 11.5M |
PEDEVCO Corp fundamental ratios Correlations
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PEDEVCO Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PEDEVCO Corp fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 122.9M | 79.6M | 98.2M | 116.1M | 120.1M | 126.1M | |
| Short Long Term Debt Total | 397K | 670K | 195K | 81K | 316K | 300.2K | |
| Other Current Liab | 3.0M | 1.4M | 2.3M | 15.2M | 12.2M | 12.8M | |
| Total Current Liabilities | 15.2M | 2.0M | 5.2M | 17.0M | 18.9M | 19.8M | |
| Total Stockholder Equity | 105.5M | 75.6M | 91.5M | 96.5M | 98.8M | 103.7M | |
| Property Plant And Equipment Net | 92.2M | 67.3M | 66.6M | 80.2M | 91.9M | 96.5M | |
| Net Debt | (22.0M) | (7.4M) | (25.7M) | (29.3M) | (18.2M) | (17.3M) | |
| Retained Earnings | (95.6M) | (128.3M) | (129.6M) | (126.7M) | (126.5M) | (120.2M) | |
| Cash | 22.4M | 8.0M | 25.9M | 29.4M | 18.5M | 19.4M | |
| Non Current Assets Total | 95.8M | 70.8M | 70.2M | 84.0M | 95.5M | 100.2M | |
| Non Currrent Assets Other | 238K | 301K | 246K | 236K | 243K | 230.9K | |
| Cash And Short Term Investments | 22.4M | 8.0M | 25.9M | 29.4M | 18.5M | 19.4M | |
| Common Stock Total Equity | 16K | 71K | 72K | 84K | 75.6K | 49.6K | |
| Common Stock Shares Outstanding | 51.2M | 72.2M | 80.0M | 85.5M | 87.0M | 91.4M | |
| Liabilities And Stockholders Equity | 122.9M | 79.6M | 98.2M | 116.1M | 120.1M | 126.1M | |
| Non Current Liabilities Total | 2.2M | 2.0M | 1.6M | 2.7M | 2.4M | 2.3M | |
| Other Stockholder Equity | 201.0M | 203.9M | 221.0M | 223.1M | 225.2M | 236.4M | |
| Total Liab | 17.4M | 3.9M | 6.7M | 19.7M | 21.3M | 22.3M | |
| Property Plant And Equipment Gross | 92.2M | 67.3M | 154.9M | 80.2M | 199.0M | 208.9M | |
| Total Current Assets | 27.1M | 8.8M | 28.0M | 32.1M | 24.6M | 25.8M | |
| Short Term Debt | 97K | 393K | 228K | 162K | 89K | 84.6K | |
| Common Stock | 71K | 72K | 84K | 86K | 87K | 51.4K | |
| Accounts Payable | 12.1M | 212K | 2.6M | 1.6M | 6.6M | 6.9M | |
| Other Current Assets | 73K | 132K | 652K | 498K | 260K | 247K | |
| Other Liab | 1.9M | 1.7M | 1.5M | 2.7M | 3.1M | 1.7M | |
| Property Plant Equipment | 92.2M | 67.3M | 66.6M | 80.2M | 92.3M | 55.2M | |
| Net Tangible Assets | 105.5M | 75.6M | 91.5M | 96.5M | 110.9M | 116.5M | |
| Other Assets | 238K | 3.6M | 3.5M | 3.8M | 3.4M | 2.3M | |
| Retained Earnings Total Equity | (84.5M) | (95.6M) | (128.3M) | (129.6M) | (116.6M) | (122.5M) | |
| Capital Surpluse | 201.0M | 203.9M | 221.0M | 223.1M | 256.6M | 149.5M | |
| Non Current Liabilities Other | 19.6M | 41.3M | 2.2M | 1.9M | 2.1M | 2.0M | |
| Net Invested Capital | 105.5M | 76.0M | 91.5M | 96.5M | 98.8M | 87.0M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether PEDEVCO Corp is a strong investment it is important to analyze PEDEVCO Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PEDEVCO Corp's future performance. For an informed investment choice regarding PEDEVCO Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PEDEVCO Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For information on how to trade PEDEVCO Stock refer to our How to Trade PEDEVCO Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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 PEDEVCO Corp. If investors know PEDEVCO 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 PEDEVCO Corp 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 0.659 | Earnings Share 0.02 | Revenue Per Share 0.386 | Quarterly Revenue Growth 0.382 | Return On Assets 0.024 |
The market value of PEDEVCO Corp is measured differently than its book value, which is the value of PEDEVCO that is recorded on the company's balance sheet. Investors also form their own opinion of PEDEVCO Corp's value that differs from its market value or its book value, called intrinsic value, which is PEDEVCO Corp'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 PEDEVCO Corp's market value can be influenced by many factors that don't directly affect PEDEVCO Corp'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 PEDEVCO Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if PEDEVCO Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PEDEVCO Corp'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.