Dril Quip Debt Current vs Total Liabilities Analysis

DRQ
 Stock
  

USD 23.82  0.40  1.71%   

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 Debt Current and its Total Liabilities accounts. Continue to Investing Opportunities.

Debt Current vs Total Liabilities

Debt Current vs Total Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dril-Quip Debt Current account and Total Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dril Quip's Debt Current and Total Liabilities is -0.32. Overlapping area represents the amount of variation of Debt Current that can explain the historical movement of Total Liabilities 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 Debt Current and Total Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Debt Current of Dril-Quip are associated (or correlated) with its Total Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liabilities has no effect on the direction of Debt Current i.e., Dril Quip's Debt Current and Total Liabilities go up and down completely randomly.

Correlation Coefficient

-0.32
Relationship DirectionNegative 
Relationship StrengthInsignificant

Debt Current

The current portion of Total Debt; reported if the company operates a classified balance sheet that segments current and non-current liabilities.

Total Liabilities

Deferred Income Tax is recorded on Dril-Quip balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Dril Quip books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; Deferred Revenue; Trade and Non Trade Payables; Deposit Liabilities; and Tax 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 11th 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

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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.

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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

0.67MTRXMatrix Service Fiscal Year End 12th of September 2022 PairCorr

Moving against Dril Quip

0.63GTECGreenland Technologies Earnings Call  TomorrowPairCorr
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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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
805 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.