EGY Stock | | | USD 4.28 0.05 1.15% |
Vaalco Energy financial indicator trend analysis is much more than just breaking down Vaalco Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vaalco Energy is a good investment. Please check the relationship between Vaalco Energy Total Current Liabilities and its Non Currrent Assets Other accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vaalco Energy. 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.
For more information on how to buy Vaalco Stock please use our
How to Invest in Vaalco Energy guide.
Total Current Liabilities vs Non Currrent Assets Other
Total Current Liabilities vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Vaalco Energy Total Current Liabilities account and
Non Currrent Assets Other. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Vaalco Energy's Total Current Liabilities and Non Currrent Assets Other is 0.45. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Vaalco Energy, assuming nothing else is changed. The correlation between historical values of Vaalco Energy's Total Current Liabilities and Non Currrent Assets Other 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 Current Liabilities of Vaalco Energy are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Current Liabilities i.e., Vaalco Energy's Total Current Liabilities and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Vaalco Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Vaalco Energy 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.
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Vaalco Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vaalco 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vaalco Energy. 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.
For more information on how to buy Vaalco Stock please use our
How to Invest in Vaalco Energy guide.At this time, Vaalco Energy's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 62.1
M in 2024, whereas
Discontinued Operations is likely to drop (86.9
K) in 2024.
Vaalco Energy fundamental ratios Correlations
Click cells to compare fundamentals
Vaalco Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vaalco Energy fundamental ratios Accounts
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Additional Tools for Vaalco Stock Analysis
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measure Vaalco 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 Vaalco Energy is operating at the current time. Most of Vaalco Energy's value examination focuses on studying past and present price action to
predict the probability of Vaalco 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 Vaalco Energy's price. Additionally, you may evaluate how the addition of Vaalco Energy to your portfolios can decrease your overall portfolio volatility.