Cactus Accounts Payable vs Total Assets Analysis

WHD Stock

USD 57.26 0.17 0.30%

Cactus financial indicator trend analysis is way more than just evaluating Cactus Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cactus Inc is a good investment. Please check the relationship between Cactus Accounts Payable and its Total Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Cactus Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Accounts Payable vs Total Assets

Accounts Payable vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cactus Inc Accounts Payable account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Cactus' Accounts Payable and Total Assets is 0.91. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Assets in the same time period over historical financial statements of Cactus Inc, assuming nothing else is changed. The correlation between historical values of Cactus' Accounts Payable 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 Accounts Payable of Cactus Inc 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 Accounts Payable i.e., Cactus' Accounts Payable and Total Assets go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Cactus obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Cactus Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Assets

Total assets refers to the total amount of Cactus 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 Cactus Inc 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. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Cactus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cactus Inc 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Cactus Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

At present, Cactus' Selling General Administrative is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Interest Income	774K	3.7M	3.8M	6.8M
Tax Provision	7.7M	31.4M	38.5M	40.4M

Interest Income Tax Provision

Cactus fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Short Long Term Debt
Total Assets		-0.88	0.86	0.86	0.94	0.94	0.94	0.78	0.59	-0.87	0.91	0.8	0.85	0.8	0.8	0.56	0.87	0.17	-0.89	0.27	0.98	0.77	0.96	0.83	0.69	-0.57
Short Long Term Debt Total	-0.88		-0.75	-0.78	-0.93	-0.93	-0.9	-0.7	-0.43	0.95	-0.79	-0.84	-0.78	-0.84	-0.69	-0.4	-0.95	-0.02	1.0	0.09	-0.83	-0.78	-0.91	-0.52	-0.57	0.54
Other Current Liab	0.86	-0.75		0.99	0.92	0.91	0.92	0.95	0.87	-0.67	0.83	0.59	0.98	0.59	0.97	0.85	0.74	0.17	-0.77	0.37	0.88	0.73	0.77	0.82	0.92	-0.88
Total Current Liabilities	0.86	-0.78	0.99		0.93	0.92	0.92	0.95	0.84	-0.69	0.88	0.59	0.97	0.59	0.99	0.82	0.8	0.04	-0.8	0.29	0.89	0.79	0.77	0.8	0.91	-0.88
Total Stockholder Equity	0.94	-0.93	0.92	0.93		0.99	0.99	0.88	0.67	-0.9	0.85	0.82	0.94	0.82	0.86	0.64	0.91	0.14	-0.95	0.2	0.91	0.76	0.93	0.73	0.78	-0.74
Other Liab	0.94	-0.93	0.91	0.92	0.99		1.0	0.85	0.65	-0.91	0.84	0.84	0.92	0.84	0.84	0.61	0.9	0.18	-0.95	0.25	0.9	0.74	0.94	0.76	0.75	-0.71
Net Tangible Assets	0.94	-0.9	0.92	0.92	0.99	1.0		0.85	0.66	-0.89	0.84	0.84	0.92	0.84	0.86	0.63	0.89	0.17	-0.92	0.32	0.9	0.72	0.93	0.8	0.76	-0.72
Property Plant And Equipment Net	0.78	-0.7	0.95	0.95	0.88	0.85	0.85		0.93	-0.58	0.76	0.46	0.98	0.46	0.93	0.92	0.7	0.13	-0.73	0.22	0.79	0.65	0.69	0.69	0.98	-0.94
Current Deferred Revenue	0.59	-0.43	0.87	0.84	0.67	0.65	0.66	0.93		-0.29	0.59	0.19	0.89	0.19	0.86	0.99	0.42	0.21	-0.45	0.35	0.62	0.45	0.44	0.64	0.98	-0.92
Net Debt	-0.87	0.95	-0.67	-0.69	-0.9	-0.91	-0.89	-0.58	-0.29		-0.71	-0.97	-0.69	-0.97	-0.58	-0.25	-0.91	-0.15	0.96	-0.09	-0.8	-0.67	-0.95	-0.58	-0.43	0.4
Accounts Payable	0.91	-0.79	0.83	0.88	0.85	0.84	0.84	0.76	0.59	-0.71		0.59	0.81	0.59	0.86	0.57	0.86	-0.18	-0.8	0.16	0.95	0.91	0.79	0.79	0.69	-0.61
Cash	0.8	-0.84	0.59	0.59	0.82	0.84	0.84	0.46	0.19	-0.97	0.59		0.59	1.0	0.48	0.15	0.81	0.25	-0.85	0.26	0.71	0.51	0.92	0.6	0.31	-0.3
Non Current Assets Total	0.85	-0.78	0.98	0.97	0.94	0.92	0.92	0.98	0.89	-0.69	0.81	0.59		0.59	0.94	0.87	0.77	0.17	-0.8	0.28	0.85	0.69	0.78	0.75	0.95	-0.9
Cash And Short Term Investments	0.8	-0.84	0.59	0.59	0.82	0.84	0.84	0.46	0.19	-0.97	0.59	1.0	0.59		0.48	0.15	0.81	0.25	-0.85	0.26	0.71	0.51	0.92	0.6	0.31	-0.3
Net Receivables	0.8	-0.69	0.97	0.99	0.86	0.84	0.86	0.93	0.86	-0.58	0.86	0.48	0.94	0.48		0.85	0.74	-0.04	-0.7	0.3	0.85	0.78	0.67	0.78	0.92	-0.89
Good Will	0.56	-0.4	0.85	0.82	0.64	0.61	0.63	0.92	0.99	-0.25	0.57	0.15	0.87	0.15	0.85		0.4	0.16	-0.42	0.31	0.59	0.43	0.4	0.6	0.98	-0.93
Common Stock Total Equity	0.87	-0.95	0.74	0.8	0.91	0.9	0.89	0.7	0.42	-0.91	0.86	0.81	0.77	0.81	0.74	0.4		-0.2	-0.95	-0.04	0.84	0.83	0.88	0.57	0.57	-0.55
Common Stock Shares Outstanding	0.17	-0.02	0.17	0.04	0.14	0.18	0.17	0.13	0.21	-0.15	-0.18	0.25	0.17	0.25	-0.04	0.16	-0.2		-0.05	0.52	0.08	-0.29	0.26	0.29	0.14	-0.03
Long Term Debt Total	-0.89	1.0	-0.77	-0.8	-0.95	-0.95	-0.92	-0.73	-0.45	0.96	-0.8	-0.85	-0.8	-0.85	-0.7	-0.42	-0.95	-0.05		0.04	-0.84	-0.78	-0.92	-0.55	-0.59	0.55
Non Current Liabilities Total	0.27	0.09	0.37	0.29	0.2	0.25	0.32	0.22	0.35	-0.09	0.16	0.26	0.28	0.26	0.3	0.31	-0.04	0.52	0.04		0.28	-0.08	0.26	0.73	0.28	-0.23
Inventory	0.98	-0.83	0.88	0.89	0.91	0.9	0.9	0.79	0.62	-0.8	0.95	0.71	0.85	0.71	0.85	0.59	0.84	0.08	-0.84	0.28		0.84	0.89	0.85	0.71	-0.59
Other Current Assets	0.77	-0.78	0.73	0.79	0.76	0.74	0.72	0.65	0.45	-0.67	0.91	0.51	0.69	0.51	0.78	0.43	0.83	-0.29	-0.78	-0.08	0.84		0.68	0.57	0.57	-0.49
Other Stockholder Equity	0.96	-0.91	0.77	0.77	0.93	0.94	0.93	0.69	0.44	-0.95	0.79	0.92	0.78	0.92	0.67	0.4	0.88	0.26	-0.92	0.26	0.89	0.68		0.75	0.56	-0.48
Total Liab	0.83	-0.52	0.82	0.8	0.73	0.76	0.8	0.69	0.64	-0.58	0.79	0.6	0.75	0.6	0.78	0.6	0.57	0.29	-0.55	0.73	0.85	0.57	0.75		0.67	-0.55
Property Plant And Equipment Gross	0.69	-0.57	0.92	0.91	0.78	0.75	0.76	0.98	0.98	-0.43	0.69	0.31	0.95	0.31	0.92	0.98	0.57	0.14	-0.59	0.28	0.71	0.57	0.56	0.67		-0.95
Short Long Term Debt	-0.57	0.54	-0.88	-0.88	-0.74	-0.71	-0.72	-0.94	-0.92	0.4	-0.61	-0.3	-0.9	-0.3	-0.89	-0.93	-0.55	-0.03	0.55	-0.23	-0.59	-0.49	-0.48	-0.55	-0.95

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Cactus Account Relationship Matchups

Cactus fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	835.0M	815.6M	982.1M	1.1B	1.5B	790.6M
Short Long Term Debt Total	37.7M	28.1M	33.2M	35.5M	40.0M	38.0M
Other Current Liab	35.3M	19.6M	38.2M	56.7M	84.2M	88.4M
Total Current Liabilities	91.1M	48.9M	92.6M	116.6M	175.7M	184.4M
Total Stockholder Equity	516.4M	550.8M	595.0M	710.4M	865.5M	908.8M
Other Liab	203.3M	195.8M	271.0M	267.0M	307.0M	322.4M
Net Tangible Assets	319.6M	353.0M	587.2M	564.1M	648.7M	681.1M
Property Plant And Equipment Net	188.3M	164.8M	151.7M	153.2M	369.0M	387.4M
Current Deferred Revenue	1.4M	1.1M	1.8M	1.5M	8.1M	8.5M
Net Debt	(164.9M)	(260.5M)	(268.5M)	(309.0M)	(93.8M)	(89.1M)
Accounts Payable	41.0M	20.2M	42.8M	47.8M	71.8M	39.5M
Cash	202.6M	288.7M	301.7M	344.5M	133.8M	167.6M
Non Current Assets Total	420.1M	390.5M	463.6M	464.3M	966.4M	1.0B
Cash And Short Term Investments	202.6M	288.7M	301.7M	344.5M	133.8M	167.6M
Net Receivables	87.9M	44.1M	89.2M	138.3M	205.4M	215.7M
Common Stock Total Equity	472K	477K	590K	609K	700.4K	735.4K
Common Stock Shares Outstanding	75.4M	75.5M	76.1M	76.3M	79.5M	71.7M
Long Term Debt Total	3.9M	2.2M	5.8M	6.4M	5.8M	5.5M
Liabilities And Stockholders Equity	835.0M	815.6M	982.1M	1.1B	1.5B	790.6M
Non Current Liabilities Total	227.4M	215.9M	294.5M	291.8M	282.1M	269.5M
Inventory	113.4M	87.5M	119.8M	161.3M	205.6M	114.1M
Other Current Assets	11.0M	4.9M	7.8M	10.6M	11.4M	9.0M
Other Stockholder Equity	383.4M	399.9M	416.0M	449.1M	465.0M	273.7M
Total Liab	318.6M	264.8M	387.0M	408.5M	457.8M	354.6M
Property Plant And Equipment Gross	188.3M	142.8M	151.7M	153.2M	600.6M	630.6M
Total Current Assets	414.9M	425.1M	518.5M	654.6M	556.2M	389.1M
Accumulated Other Comprehensive Income	(452K)	330K	8K	(984K)	(826K)	(784.7K)
Short Term Debt	13.5M	8.1M	9.7M	10.7M	11.5M	9.1M
Common Stock	472K	477K	590K	609K	654K	686.7K
Property Plant Equipment	188.3M	142.8M	151.7M	153.2M	176.2M	140.8M
Non Currrent Assets Other	1.4M	1.2M	1.0M	1.6M	9.5M	10.0M
Other Assets	223.9M	239.8M	304.1M	303.2M	1.0	0.95
Capital Lease Obligations	37.7M	28.1M	33.2M	35.5M	40.0M	28.4M
Non Current Liabilities Other	201.9M	195.1M	269.8M	265.0M	304.8M	168.1M
Cash And Equivalents	202.6M	288.7M	301.7M	344.5M	396.2M	416.0M
Net Invested Capital	327.5M	353.0M	468.6M	571.9M	865.5M	467.0M
Net Working Capital	323.8M	376.2M	425.9M	538.0M	380.5M	370.1M
Noncontrolling Interest In Consolidated Entity	188.9M	197.8M	126.4M	138.5M	124.7M	133.8M
Retained Earnings	133.0M	150.1M	178.4M	261.8M	400.7M	215.5M
Retained Earnings Total Equity	133.0M	150.1M	178.4M	261.8M	301.0M	170.5M

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When determining whether Cactus Inc is a strong investment it is important to analyze Cactus' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cactus' future performance. For an informed investment choice regarding Cactus Stock, refer to the following important reports:

How To Invest In Cactus

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Is Cactus Stock a good investment?

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What is Cactus' Net Worth?

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Largest Oil & Gas Equipment & Services Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Cactus Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

Is Oil & Gas Equipment & Services space 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 Cactus. If investors know Cactus 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 Cactus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.974

Dividend Share

0.48

Earnings Share

2.9

Revenue Per Share

17.225

Quarterly Revenue Growth

(0.05)

The market value of Cactus Inc is measured differently than its book value, which is the value of Cactus that is recorded on the company's balance sheet. Investors also form their own opinion of Cactus' value that differs from its market value or its book value, called intrinsic value, which is Cactus' 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 Cactus' market value can be influenced by many factors that don't directly affect Cactus' 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 Cactus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cactus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cactus' 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.

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Cactus Accounts Payable vs Total Assets Analysis

Accounts Payable vs Total Assets

Accounts Payable vs Total Assets Correlation Analysis

Correlation Coefficient

Accounts Payable

Total Assets

Cactus fundamental ratios Correlations

Cactus Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cactus fundamental ratios Accounts

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MAIN CATEGORIES

COMPANY

Long Term Debt Total	+ 1.0	Short Long Term Debt Total
Net Tangible Assets	+ 1.0	Other Liab
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Other Current Liab
Net Receivables	+ 0.99	Total Current Liabilities
Other Liab	+ 0.99	Total Stockholder Equity

Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Short Long Term Debt	- 0.95	Property Plant And Equipment Gross
Long Term Debt Total	- 0.95	Common Stock Total Equity
Other Stockholder Equity	- 0.95	Net Debt
Long Term Debt Total	- 0.95	Other Liab