| PRT Stock | | | USD 3.98 0.04 1.00% |
PermRock Royalty financial indicator trend analysis is much more than just breaking down PermRock Royalty Trust prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PermRock Royalty Trust is a good investment. Please check the relationship between PermRock Royalty Accounts Payable and its Non Current Liabilities Other accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in PermRock Royalty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Accounts Payable vs Non Current Liabilities Other
Accounts Payable vs Non Current Liabilities Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
PermRock Royalty Trust Accounts Payable account and
Non Current Liabilities Other. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between PermRock Royalty's Accounts Payable and Non Current Liabilities Other is 0.42. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Liabilities Other in the same time period over historical financial statements of PermRock Royalty Trust, assuming nothing else is changed. The correlation between historical values of PermRock Royalty's Accounts Payable and Non Current Liabilities Other 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 PermRock Royalty Trust are associated (or correlated) with its Non Current Liabilities Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Other has no effect on the direction of Accounts Payable i.e., PermRock Royalty's Accounts Payable and Non Current Liabilities Other go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents PermRock Royalty 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 PermRock Royalty Trust 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.
Non Current Liabilities Other
Most indicators from PermRock Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PermRock Royalty Trust 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 PermRock Royalty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, PermRock Royalty's
Selling General Administrative is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.13 in 2024, whereas
Enterprise Value Over EBITDA is likely to drop
(220.46) in 2024.
PermRock Royalty fundamental ratios Correlations
Click cells to compare fundamentals
PermRock Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PermRock Royalty fundamental ratios Accounts
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Additional Tools for PermRock Stock Analysis
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measure PermRock Royalty'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 PermRock Royalty is operating at the current time. Most of PermRock Royalty's value examination focuses on studying past and present price action to
predict the probability of PermRock Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PermRock Royalty's price. Additionally, you may evaluate how the addition of PermRock Royalty to your portfolios can decrease your overall portfolio volatility.