Permian Historical Balance Sheet
PR Stock | USD 15.68 0.53 3.27% |
Trend analysis of Permian Resources balance sheet accounts such as Total Stockholder Equity of 3.2 B, Net Debt of 4 B or Retained Earnings of 597.6 M provides information on Permian Resources' total assets, liabilities, and equity, which is the actual value of Permian Resources to its prevalent stockholders. By breaking down trends over time using Permian Resources balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Permian Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Permian Resources is a good buy for the upcoming year.
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About Permian Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Permian Resources at a specified time, usually calculated after every quarter, six months, or one year. Permian Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Permian Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Permian currently owns. An asset can also be divided into two categories, current and non-current.
Permian Resources Balance Sheet Chart
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Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Assets
Total assets refers to the total amount of Permian 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 Permian 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.Total Current Liabilities
Total Current Liabilities is an item on Permian Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Permian Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most accounts from Permian Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Permian Resources current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Permian 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 metropolitan statistical area. To learn how to invest in Permian Stock, please use our How to Invest in Permian Resources guide.At this time, Permian Resources' Liabilities And Stockholders Equity is relatively stable compared to the past year. As of 11/26/2024, Total Liabilities is likely to grow to about 6 B, while Total Stockholder Equity is likely to drop slightly above 3.2 B.
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 156.8M | 494.6M | 1.1B | 1.1B | Total Assets | 3.8B | 8.5B | 15.0B | 15.7B |
Permian Resources balance sheet Correlations
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Permian Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Permian Resources balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 276.6M | 277.4M | 310.2M | 322.8M | 389.1M | 255.8M | |
Total Assets | 4.7B | 3.8B | 3.8B | 8.5B | 15.0B | 15.7B | |
Other Current Liab | 925K | 123.7M | 156.8M | 494.6M | 1.1B | 1.1B | |
Total Current Liabilities | 254.5M | 131.9M | 167.9M | 605.6M | 1.2B | 1.3B | |
Total Stockholder Equity | 3.3B | 2.6B | 2.8B | 2.9B | 6.3B | 3.2B | |
Net Debt | 1.1B | 1.1B | 833.6M | 2.2B | 3.8B | 4.0B | |
Retained Earnings | 282.3M | (400.5M) | (262.3M) | 237.2M | 569.1M | 597.6M | |
Cash | 10.2M | 5.8M | 9.4M | 59.5M | 73.3M | 38.0M | |
Non Current Assets Total | 4.6B | 3.8B | 3.7B | 8.0B | 14.3B | 15.0B | |
Non Currrent Assets Other | (175.3M) | 19.2M | 15.9M | 70.2M | 176.1M | 184.9M | |
Cash And Short Term Investments | 10.2M | 5.8M | 9.4M | 59.5M | 73.3M | 38.0M | |
Liabilities And Stockholders Equity | 4.7B | 3.8B | 3.8B | 8.5B | 15.0B | 15.7B | |
Other Stockholder Equity | 3.0B | 3.0B | 3.0B | 2.7B | 5.8B | 3.1B | |
Total Liab | 1.4B | 1.2B | 1.1B | 2.8B | 5.7B | 6.0B | |
Total Current Assets | 120.1M | 65.6M | 86.5M | 463.8M | 650.4M | 682.9M | |
Property Plant And Equipment Net | 4.5B | 3.7B | 3.7B | 8.0B | 14.1B | 14.8B | |
Accounts Payable | 21.5M | 5.1M | 9.7M | 51.4M | 94.5M | 99.3M | |
Other Assets | 40.4M | 19.2M | 15.9M | 74.6M | 85.8M | 90.1M | |
Long Term Debt | 1.1B | 1.1B | 825.6M | 2.1B | 3.8B | 4.0B | |
Net Receivables | 101.9M | 54.6M | 71.3M | 282.8M | 481.1M | 505.1M | |
Long Term Debt Total | 1.1B | 1.1B | 825.6M | 2.1B | 2.5B | 2.6B | |
Non Current Liabilities Total | 1.2B | 1.1B | 886.0M | 2.2B | 4.5B | 4.7B | |
Capital Surpluse | 3.0B | 3.0B | 3.0B | 2.7B | 3.1B | 3.1B | |
Other Current Assets | 8.0M | 5.2M | 5.9M | 121.4M | 96.0M | 100.8M | |
Cash And Equivalents | 10.2M | 5.8M | 9.4M | 59.5M | 53.6M | 40.5M | |
Short Term Debt | 9.2M | 3.2M | 1.4M | 59.5M | 66.0M | 69.3M | |
Property Plant Equipment | 4.5B | 3.7B | 3.7B | 8.0B | 9.1B | 4.7B | |
Short Long Term Debt Total | 1.1B | 1.1B | 843.0M | 2.2B | 3.9B | 4.1B | |
Other Liab | 102.4M | 22.6M | 44.4M | 48.6M | 43.7M | 47.2M | |
Net Tangible Assets | 3.3B | 2.6B | 2.8B | 2.9B | 2.6B | 2.3B | |
Net Invested Capital | 4.3B | 3.7B | 3.6B | 5.1B | 10.2B | 5.6B | |
Net Working Capital | (134.3M) | (66.3M) | (81.4M) | (141.8M) | (591.2M) | (561.6M) |
Pair Trading with Permian Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Permian Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Permian Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Permian Stock
0.87 | AR | Antero Resources Corp | PairCorr |
0.68 | EP | Empire Petroleum Corp | PairCorr |
0.73 | LB | LandBridge Company Downward Rally | PairCorr |
Moving against Permian Stock
The ability to find closely correlated positions to Permian Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Permian Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Permian Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Permian Resources to buy it.
The correlation of Permian Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Permian Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Permian Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Permian Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Permian Stock Analysis
When running Permian Resources' price analysis, check to measure Permian Resources' 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 Permian Resources is operating at the current time. Most of Permian Resources' value examination focuses on studying past and present price action to predict the probability of Permian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Permian Resources' price. Additionally, you may evaluate how the addition of Permian Resources to your portfolios can decrease your overall portfolio volatility.