Dril Quip Current Assets vs Debt Current Analysis

DRQ
 Stock
  

USD 23.00  0.41  1.81%   

Dril Quip financial indicator trend analysis is much more than just examining Dril-Quip latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dril-Quip is a good investment. Please check the relationship between Dril Quip Current Assets and its Debt Current accounts. Continue to Investing Opportunities.

Current Assets vs Debt Current

Current Assets vs Debt Current Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dril-Quip Current Assets account and Debt Current. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Dril Quip's Current Assets and Debt Current is 0.56. Overlapping area represents the amount of variation of Current Assets that can explain the historical movement of Debt Current in the same time period over historical financial statements of Dril-Quip, assuming nothing else is changed. The correlation between historical values of Dril Quip's Current Assets and Debt Current is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Assets of Dril-Quip are associated (or correlated) with its Debt Current. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Debt Current has no effect on the direction of Current Assets i.e., Dril Quip's Current Assets and Debt Current go up and down completely randomly.

Correlation Coefficient

0.56
Relationship DirectionPositive 
Relationship StrengthWeak

Current Assets

Current assets of Dril-Quip include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Dril Quip. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Debt Current

The current portion of Total Debt; reported if the company operates a classified balance sheet that segments current and non-current liabilities.
Most indicators from Dril Quip fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dril-Quip 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. Continue to Investing Opportunities.As of 9th of August 2022, Selling General and Administrative Expense is likely to drop to about 113.5 M. In addition to that, Net Cash Flow Business Acquisitions and Disposals is likely to drop to about (25.4 M)
 2019 2020 2021 2022 (projected)
Interest Expense314 K621 K787 K849.13 K
Gross Profit119.8 M95.28 M80.59 M82.71 M

Dril Quip fundamental ratios Correlations

0.580.240.820.850.43-0.21-0.010.22-0.470.50.710.760.980.520.64-0.830.290.920.590.690.26
0.580.570.60.73-0.01-0.220.490.56-0.020.140.520.080.550.380.4-0.260.530.41.00.260.07
0.240.570.30.340.05-0.10.160.170.010.070.2-0.040.210.460.420.00.960.150.570.040.29
0.820.60.30.980.720.320.350.58-0.38-0.040.980.650.790.080.22-0.760.30.850.590.320.58
0.850.730.340.980.560.20.340.56-0.340.040.940.60.820.180.31-0.750.360.810.720.390.47
0.43-0.010.050.720.560.620.230.45-0.39-0.290.770.560.39-0.26-0.14-0.520.010.65-0.04-0.030.72
-0.21-0.22-0.10.320.20.620.410.46-0.02-0.840.470.07-0.24-0.75-0.68-0.07-0.13-0.01-0.26-0.550.6
-0.010.490.160.350.340.230.410.920.41-0.610.43-0.34-0.07-0.42-0.430.250.07-0.070.45-0.470.41
0.220.560.170.580.560.450.460.920.02-0.510.65-0.070.16-0.32-0.29-0.060.10.230.52-0.290.43
-0.47-0.020.01-0.38-0.34-0.39-0.020.410.02-0.34-0.33-0.63-0.45-0.28-0.390.69-0.04-0.61-0.02-0.480.09
0.50.140.07-0.040.04-0.29-0.84-0.61-0.51-0.34-0.230.420.550.90.9-0.350.160.380.190.69-0.42
0.710.520.20.980.940.770.470.430.65-0.33-0.230.580.67-0.120.02-0.690.190.770.50.20.62
0.760.08-0.040.650.60.560.07-0.34-0.07-0.630.420.580.780.350.49-0.890.020.780.10.480.32
0.980.550.210.790.820.39-0.24-0.070.16-0.450.550.670.780.560.68-0.850.280.910.570.740.26
0.520.380.460.080.18-0.26-0.75-0.42-0.32-0.280.9-0.120.350.560.98-0.320.530.360.420.58-0.23
0.640.40.420.220.31-0.14-0.68-0.43-0.29-0.390.90.020.490.680.98-0.480.50.50.440.67-0.15
-0.83-0.260.0-0.76-0.75-0.52-0.070.25-0.060.69-0.35-0.69-0.89-0.85-0.32-0.48-0.07-0.87-0.28-0.69-0.31
0.290.530.960.30.360.01-0.130.070.1-0.040.160.190.020.280.530.5-0.070.20.550.110.23
0.920.40.150.850.810.65-0.01-0.070.23-0.610.380.770.780.910.360.5-0.870.20.410.640.3
0.591.00.570.590.72-0.04-0.260.450.52-0.020.190.50.10.570.420.44-0.280.550.410.30.05
0.690.260.040.320.39-0.03-0.55-0.47-0.29-0.480.690.20.480.740.580.67-0.690.110.640.3-0.15
0.260.070.290.580.470.720.60.410.430.09-0.420.620.320.26-0.23-0.15-0.310.230.30.05-0.15
Click cells to compare fundamentals

Dril Quip Account Relationship Matchups

Dril Quip fundamental ratios Accounts

201720182019202020212022 (projected)
Inventories291.09 M191.19 M205.06 M212.54 M145.72 M149.56 M
Receivables191.63 M202.16 M248.16 M256.52 M203.58 M208.58 M
Accounts Payable33.48 M26.69 M46.32 M37.42 M35.23 M33.77 M
Accumulated Other Comprehensive Income(126.29 M)(145.11 M)(143.56 M)(149.71 M)(156.59 M)(160.71 M)
Total Assets1.4 B1.19 B1.21 B1.15 B1.01 B1.07 B
Current Assets1.01 B852.98 M880.49 M863.19 M745.55 M792.92 M
Assets Non Current391.26 M339.53 M326.08 M287.98 M264.88 M275.29 M
Cash and Equivalents493.18 M418.1 M398.95 M345.95 M355.45 M400.52 M
Cash and Equivalents USD493.18 M418.1 M398.95 M345.95 M355.45 M400.52 M
Deferred Revenue4.77 M9.65 M6.9 M11.34 M9.75 M10 M
Shareholders Equity1.29 B1.1 B1.09 B1.04 B897.11 M953.68 M
Shareholders Equity USD1.29 B1.1 B1.09 B1.04 B897.11 M953.68 M
Goodwill and Intangible Assets86.03 M42.69 M40.19 M29.43 M26.45 M34.18 M
Inventory291.09 M191.19 M205.06 M212.54 M145.72 M197.13 M
Total Liabilities105.34 M96.35 M115.86 M109.64 M113.32 M114.52 M
Current Liabilities99.91 M81.54 M96.94 M85.51 M93.66 M99.59 M
Liabilities Non Current5.43 M14.81 M18.92 M24.13 M19.66 M16.65 M
Trade and Non Trade Payables33.48 M26.69 M46.32 M37.42 M35.23 M34.21 M
Property Plant and Equipment Net284.25 M274.12 M263.64 M241.78 M221.46 M234.74 M
Trade and Non Trade Receivables191.63 M202.16 M248.16 M256.52 M203.58 M211.72 M
Accumulated Retained Earnings Deficit1.4 B1.21 B1.18 B1.13 B973.09 M1.19 B
Tax Assets5.36 M8 M8.94 M5.77 M11.38 M12.96 M
Tax Liabilities28.15 M15.23 M17.58 M20.5 M17.65 M20.66 M

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dril Quip without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Bond Directory Now

   

Bond Directory

Find actively traded corporate debentures issued by US companies
All  Next Launch Module

Pair Trading with Dril Quip

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 Dril Quip 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 Dril Quip will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dril Quip

0.93HALHalliburton Potential GrowthPairCorr
0.7MTRXMatrix Service Fiscal Year End 12th of September 2022 PairCorr

Moving against Dril Quip

0.53AERCAeroclean Technologies TrendingPairCorr
The ability to find closely correlated positions to Dril Quip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dril Quip 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 Dril Quip - 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 Dril-Quip to buy it.
The correlation of Dril Quip is a statistical measure of how it moves in relation to other equities. 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 Dril Quip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dril-Quip 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 Dril Quip 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.
Pair CorrelationCorrelation Matching
Continue to Investing Opportunities. Note that the Dril-Quip information on this page should be used as a complementary analysis to other Dril Quip's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Dril Quip Stock analysis

When running Dril-Quip price analysis, check to measure Dril Quip'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 Dril Quip is operating at the current time. Most of Dril Quip's value examination focuses on studying past and present price action to predict the probability of Dril Quip's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dril Quip's price. Additionally, you may evaluate how the addition of Dril Quip to your portfolios can decrease your overall portfolio volatility.
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Is Dril Quip's industry 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 Dril Quip. If investors know Dril Quip 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 Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
740.1 M
Quarterly Revenue Growth YOY
0.16
Return On Assets
-0.0204
Return On Equity
-0.0956
The market value of Dril-Quip is measured differently than its book value, which is the value of Dril Quip that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip'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 Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip'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 Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine Dril Quip value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip'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.