Dril Quip Total Debt vs Total Assets Analysis

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 Total Debt and its Total Assets accounts. Check out Investing Opportunities.

Total Debt vs Total Assets

Total Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dril-Quip Total Debt account and Total Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Dril Quip's Total Debt and Total Assets is 0.35. Overlapping area represents the amount of variation of Total Debt that can explain the historical movement of Total Assets 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 Total Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Debt of Dril-Quip are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Debt i.e., Dril Quip's Total Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.35
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Debt

Total Debt of Dril-Quip is a combination of both Dril Quip short-term and long-term liabilities. Short-term debts are those that must be paid back within a year. This type of debt applies to things like lines of credit or short-term term bonds. Long-term debt of Dril-Quip includes liability that must be paid off in more than a year. This typically includes large senior debts like mortgages, bonds, as well as business loans or leases. A component of Total Liabilities representing the total amount of current and non-current debt owed. Includes secured and unsecured bonds issued; commercial paper; notes payable; credit facilities; lines of credit; capital lease obligations; operating lease obligations; and convertible notes.

Total Assets

Total assets refers to the total amount of Dril Quip 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 Dril-Quip 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. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; Goodwill and Intangible Assets; Property Plant and Equipment Net; Tax Assets and Trade and Non Trade Receivables.
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. Check out 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

Dril Quip Investors Sentiment

The influence of Dril Quip's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dril Quip. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dril Quip in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dril Quip's short interest history, or implied volatility extrapolated from Dril Quip options trading.

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.
The ability to find closely correlated positions to Ati could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ati 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 Ati - 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 Ati Inc to buy it.
The correlation of Ati 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 Ati moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ati Inc 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 Ati 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
Check out 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Other Tools for Dril Quip Stock

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.
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