PermRock Short Term Investments vs Common Stock Total Equity Analysis

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 Short Term Investments and its Common Stock Total Equity 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.

Short Term Investments vs Common Stock Total Equity

Short Term Investments vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PermRock Royalty Trust Short Term Investments account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.

The correlation between PermRock Royalty's Short Term Investments and Common Stock Total Equity is 0.65. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Common Stock Total Equity 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 Short Term Investments and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of PermRock Royalty Trust are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Short Term Investments i.e., PermRock Royalty's Short Term Investments and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.65

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of PermRock Royalty balance sheet. It contains any investments PermRock Royalty Trust undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that PermRock Royalty Trust can easily liquidate in the marketplace.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

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.

	2021	2022	2023	2024 (projected)
Operating Income	7.4M	19.5B	6.3M	5.9M
Other Operating Expenses	773.6K	873.5K	923.9K	877.7K

Operating Income Other Operating Expenses

PermRock Royalty fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Net Invested Capital	Non Current Liabilities Other	Net Working Capital	Net Tangible Assets	Common Stock Total Equity	Short Term Investments
Total Assets		-0.82	0.95	0.98	-0.35	0.97	0.9	-0.82	-0.87	0.97	-0.39	-0.82	0.16	0.56	0.87	0.95	0.95	0.9	0.9	0.59	0.99	-0.57	0.96	0.8	0.77	0.9
Short Long Term Debt Total	-0.82		-0.93	-0.86	0.78	-0.9	-0.72	1.0	0.73	-0.89	0.26	1.0	0.3	-0.28	-0.97	-0.78	-0.74	-0.97	-0.89	-0.15	-0.78	0.43	-0.85	-0.53	-0.49	-0.72
Other Current Liab	0.95	-0.93		0.98	-0.6	0.97	0.85	-0.93	-0.83	0.96	-0.24	-0.93	-0.04	0.43	0.96	0.9	0.91	0.98	0.92	0.42	0.92	-0.44	0.97	0.67	0.65	0.84
Total Current Liabilities	0.98	-0.86	0.98		-0.46	0.94	0.86	-0.86	-0.84	0.94	-0.27	-0.86	0.15	0.43	0.9	0.91	0.97	0.93	0.87	0.59	0.93	-0.44	0.99	0.67	0.65	0.86
Total Stockholder Equity	-0.35	0.78	-0.6	-0.46		-0.51	-0.29	0.79	0.32	-0.49	-0.04	0.78	0.66	0.16	-0.76	-0.31	-0.3	-0.73	-0.55	0.34	-0.27	-0.09	-0.47	0.01	0.02	-0.28
Property Plant And Equipment Net	0.97	-0.9	0.97	0.94	-0.51		0.86	-0.9	-0.83	1.0	-0.42	-0.9	-0.09	0.58	0.94	0.92	0.87	0.95	0.97	0.38	0.97	-0.57	0.93	0.81	0.77	0.86
Net Debt	0.9	-0.72	0.85	0.86	-0.29	0.86		-0.72	-0.99	0.88	-0.28	-0.72	0.13	0.39	0.75	0.99	0.83	0.79	0.75	0.51	0.89	-0.4	0.83	0.73	0.65	1.0
Accounts Payable	-0.82	1.0	-0.93	-0.86	0.79	-0.9	-0.72		0.73	-0.89	0.26	1.0	0.3	-0.27	-0.97	-0.78	-0.74	-0.97	-0.89	-0.14	-0.77	0.42	-0.85	-0.53	-0.48	-0.72
Cash	-0.87	0.73	-0.83	-0.84	0.32	-0.83	-0.99	0.73		-0.84	0.25	0.73	-0.12	-0.29	-0.74	-0.97	-0.81	-0.77	-0.7	-0.49	-0.85	0.34	-0.81	-0.65	-0.57	-0.99
Non Current Assets Total	0.97	-0.89	0.96	0.94	-0.49	1.0	0.88	-0.89	-0.84		-0.41	-0.89	-0.09	0.59	0.93	0.93	0.86	0.95	0.97	0.38	0.97	-0.58	0.92	0.82	0.78	0.88
Non Currrent Assets Other	-0.39	0.26	-0.24	-0.27	-0.04	-0.42	-0.28	0.26	0.25	-0.41		0.26	0.0	-0.42	-0.28	-0.33	-0.29	-0.27	-0.38	-0.16	-0.45	0.42	-0.3	-0.51	-0.4	-0.28
Long Term Debt	-0.82	1.0	-0.93	-0.86	0.78	-0.9	-0.72	1.0	0.73	-0.89	0.26		0.3	-0.28	-0.97	-0.78	-0.74	-0.97	-0.89	-0.15	-0.78	0.43	-0.85	-0.53	-0.49	-0.72
Cash And Short Term Investments	0.16	0.3	-0.04	0.15	0.66	-0.09	0.13	0.3	-0.12	-0.09	0.0	0.3		0.01	-0.29	0.12	0.36	-0.22	-0.25	0.88	0.13	-0.05	0.17	0.06	0.06	0.12
Common Stock Shares Outstanding	0.56	-0.28	0.43	0.43	0.16	0.58	0.39	-0.27	-0.29	0.59	-0.42	-0.28	0.01		0.37	0.48	0.39	0.37	0.67	0.25	0.67	-0.82	0.39	0.9	0.95	0.39
Non Current Liabilities Total	0.87	-0.97	0.96	0.9	-0.76	0.94	0.75	-0.97	-0.74	0.93	-0.28	-0.97	-0.29	0.37		0.8	0.79	1.0	0.93	0.19	0.83	-0.38	0.9	0.59	0.56	0.75
Other Current Assets	0.95	-0.78	0.9	0.91	-0.31	0.92	0.99	-0.78	-0.97	0.93	-0.33	-0.78	0.12	0.48	0.8		0.87	0.84	0.82	0.52	0.94	-0.5	0.88	0.79	0.73	0.99
Other Stockholder Equity	0.95	-0.74	0.91	0.97	-0.3	0.87	0.83	-0.74	-0.81	0.86	-0.29	-0.74	0.36	0.39	0.79	0.87		0.83	0.75	0.75	0.91	-0.4	0.98	0.63	0.6	0.83
Total Liab	0.9	-0.97	0.98	0.93	-0.73	0.95	0.79	-0.97	-0.77	0.95	-0.27	-0.97	-0.22	0.37	1.0	0.84	0.83		0.93	0.26	0.86	-0.38	0.92	0.6	0.58	0.78
Property Plant And Equipment Gross	0.9	-0.89	0.92	0.87	-0.55	0.97	0.75	-0.89	-0.7	0.97	-0.38	-0.89	-0.25	0.67	0.93	0.82	0.75	0.93		0.22	0.91	-0.65	0.85	0.82	0.81	0.74
Total Current Assets	0.59	-0.15	0.42	0.59	0.34	0.38	0.51	-0.14	-0.49	0.38	-0.16	-0.15	0.88	0.25	0.19	0.52	0.75	0.26	0.22		0.56	-0.26	0.61	0.39	0.38	0.5
Net Invested Capital	0.99	-0.78	0.92	0.93	-0.27	0.97	0.89	-0.77	-0.85	0.97	-0.45	-0.78	0.13	0.67	0.83	0.94	0.91	0.86	0.91	0.56		-0.64	0.92	0.88	0.85	0.89
Non Current Liabilities Other	-0.57	0.43	-0.44	-0.44	-0.09	-0.57	-0.4	0.42	0.34	-0.58	0.42	0.43	-0.05	-0.82	-0.38	-0.5	-0.4	-0.38	-0.65	-0.26	-0.64		-0.4	-0.84	-0.83	-0.39
Net Working Capital	0.96	-0.85	0.97	0.99	-0.47	0.93	0.83	-0.85	-0.81	0.92	-0.3	-0.85	0.17	0.39	0.9	0.88	0.98	0.92	0.85	0.61	0.92	-0.4		0.63	0.6	0.83
Net Tangible Assets	0.8	-0.53	0.67	0.67	0.01	0.81	0.73	-0.53	-0.65	0.82	-0.51	-0.53	0.06	0.9	0.59	0.79	0.63	0.6	0.82	0.39	0.88	-0.84	0.63		0.98	0.73
Common Stock Total Equity	0.77	-0.49	0.65	0.65	0.02	0.77	0.65	-0.48	-0.57	0.78	-0.4	-0.49	0.06	0.95	0.56	0.73	0.6	0.58	0.81	0.38	0.85	-0.83	0.6	0.98		0.65
Short Term Investments	0.9	-0.72	0.84	0.86	-0.28	0.86	1.0	-0.72	-0.99	0.88	-0.28	-0.72	0.12	0.39	0.75	0.99	0.83	0.78	0.74	0.5	0.89	-0.39	0.83	0.73	0.65

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PermRock Royalty Account Relationship Matchups

PermRock Royalty fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	90.3M	89.1M	85.7M	82.0M	77.2M	75.7M
Other Current Liab	615.4K	181.5K	849.9K	981.9K	368.6K	350.2K
Total Current Liabilities	615.4K	181.5K	849.9K	981.9K	368.6K	350.2K
Total Stockholder Equity	89.6M	88.9M	84.8M	81.0M	76.9M	68.7M
Net Debt	(1.2B)	(1.2B)	(1.8B)	(2.0B)	(1.4B)	(1.4B)
Cash	1.2B	1.2B	1.8B	2.0B	1.4B	1.0B
Non Current Assets Total	89.0M	87.9M	83.8M	80.0M	75.9M	72.2M
Non Currrent Assets Other	(89.0M)	(87.9M)	83.8M	80.0M	75.9M	79.7M
Cash And Short Term Investments	1.2M	1.2M	1.8M	2.0M	1.4M	2.6M
Liabilities And Stockholders Equity	90.3M	89.1M	85.7M	82.0M	77.2M	75.7M
Non Current Liabilities Total	4.9M	0.0	1.2M	1.2M	1.8M	2.0M
Other Current Assets	(1.2M)	(1.2M)	(1.8M)	(2.0M)	(1.8M)	(1.7M)
Total Liab	615.4K	181.5K	849.9K	981.9K	368.6K	350.2K
Total Current Assets	1.2M	1.2M	1.8M	2.0M	1.4M	1.3M
Net Invested Capital	89.6M	88.9M	84.8M	81.0M	76.9M	70.9M
Net Working Capital	10.0	600K	1000.0K	1M	900K	855K
Short Term Investments	(1.2B)	(1.2B)	(1.8B)	(2.0B)	(1.4B)	(1.4B)
Capital Stock	89.0M	87.9M	83.8M	80.0M	75.9M	67.9M
Common Stock	89.0M	87.9M	83.8M	80.0M	75.9M	67.9M

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