Crescent Cash And Short Term Investments vs Other Assets Analysis
CRGY Stock | USD 13.68 0.55 4.19% |
Crescent Energy financial indicator trend analysis is way more than just evaluating Crescent Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Crescent Energy is a good investment. Please check the relationship between Crescent Energy Cash And Short Term Investments and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Energy Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Cash And Short Term Investments vs Other Assets
Cash And Short Term Investments vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Crescent Energy Cash And Short Term Investments account and Other Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Crescent Energy's Cash And Short Term Investments and Other Assets is -0.55. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Assets in the same time period over historical financial statements of Crescent Energy Co, assuming nothing else is changed. The correlation between historical values of Crescent Energy's Cash And Short Term Investments and Other 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 Cash And Short Term Investments of Crescent Energy Co are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Cash And Short Term Investments i.e., Crescent Energy's Cash And Short Term Investments and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.55 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Crescent Energy balance sheet. This account contains Crescent Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Crescent Energy Co fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Other Assets
Most indicators from Crescent Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Crescent Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Crescent Energy Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. Tax Provision is likely to rise to about 24.4 M in 2024. Selling General Administrative is likely to rise to about 203 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 50.7M | 95.9M | 145.8M | 79.3M | Depreciation And Amortization | 312.8M | 532.9M | 675.8M | 453.4M |
Crescent Energy fundamental ratios Correlations
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Crescent Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Crescent Energy's price analysis, check to measure Crescent Energy'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 Crescent Energy is operating at the current time. Most of Crescent Energy's value examination focuses on studying past and present price action to predict the probability of Crescent Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crescent Energy's price. Additionally, you may evaluate how the addition of Crescent Energy to your portfolios can decrease your overall portfolio volatility.