Empire Net Debt vs Cash Analysis

EP Stock

USD 6.64 0.05 0.75%

Empire Petroleum financial indicator trend analysis is much more than just examining Empire Petroleum Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Empire Petroleum Corp is a good investment. Please check the relationship between Empire Petroleum Net Debt and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire Petroleum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Empire Petroleum Corp Net Debt account and Cash. At this time, the significance of the direction appears to have strong relationship.

The correlation between Empire Petroleum's Net Debt and Cash is 0.78. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Empire Petroleum Corp, assuming nothing else is changed. The correlation between historical values of Empire Petroleum's Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Empire Petroleum Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Empire Petroleum's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of Empire Petroleum Corp, which is listed under current asset account on Empire Petroleum Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Empire Petroleum customers. The amounts must be unrestricted with restricted cash listed in a different Empire Petroleum account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Empire Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Empire Petroleum Corp 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 Empire Petroleum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

At this time, Empire Petroleum's Selling General Administrative is relatively stable compared to the past year. As of 12/14/2024, Tax Provision is likely to grow to about 103.8 K, though Enterprise Value Over EBITDA is likely to grow to (29.16).

Empire Petroleum fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Net Receivables	Current Deferred Revenue	Accounts Payable	Non Current Liabilities Total	Inventory	Long Term Debt	Long Term Debt Total
Total Assets		0.99	1.0	1.0	0.99	0.12	0.97	-0.99	0.9	1.0	0.98	0.9	-0.04	0.93	0.99	0.98	0.68	0.99	0.98	0.0	-0.35	0.05	-0.02	-0.25	-0.12	-0.11
Short Long Term Debt Total	0.99		0.99	0.99	0.99	0.0	0.99	-1.0	0.84	0.99	1.0	0.84	-0.15	0.88	1.0	0.96	0.59	1.0	1.0	-0.11	-0.28	-0.07	-0.1	-0.35	-0.13	-0.13
Other Current Liab	1.0	0.99		1.0	0.99	0.08	0.98	-0.99	0.89	1.0	0.99	0.89	-0.07	0.92	0.99	0.97	0.67	0.99	0.99	-0.02	-0.33	0.0	-0.03	-0.24	-0.11	-0.11
Total Current Liabilities	1.0	0.99	1.0		1.0	0.09	0.98	-0.99	0.88	1.0	0.99	0.88	-0.07	0.92	1.0	0.97	0.65	0.99	0.99	-0.03	-0.33	0.02	-0.05	-0.28	-0.13	-0.13
Total Stockholder Equity	0.99	0.99	0.99	1.0		0.02	0.99	-1.0	0.86	1.0	1.0	0.86	-0.13	0.88	1.0	0.95	0.6	1.0	1.0	-0.1	-0.37	-0.05	-0.13	-0.33	-0.2	-0.2
Property Plant And Equipment Net	0.12	0.0	0.08	0.09	0.02		-0.09	0.02	0.47	0.08	-0.05	0.47	0.93	0.46	-0.01	0.29	0.76	-0.05	-0.06	0.94	-0.15	0.98	0.88	0.76	0.51	0.55
Net Debt	0.97	0.99	0.98	0.98	0.99	-0.09		-0.99	0.78	0.98	1.0	0.78	-0.24	0.83	0.99	0.92	0.51	1.0	1.0	-0.19	-0.25	-0.15	-0.18	-0.43	-0.16	-0.16
Retained Earnings	-0.99	-1.0	-0.99	-0.99	-1.0	0.02	-0.99		-0.83	-0.99	-1.0	-0.83	0.17	-0.87	-1.0	-0.95	-0.57	-1.0	-1.0	0.13	0.32	0.09	0.14	0.37	0.18	0.18
Cash	0.9	0.84	0.89	0.88	0.86	0.47	0.78	-0.83		0.88	0.82	1.0	0.37	0.98	0.84	0.94	0.92	0.82	0.82	0.38	-0.39	0.35	0.32	0.19	0.07	0.08
Non Current Assets Total	1.0	0.99	1.0	1.0	1.0	0.08	0.98	-0.99	0.88		0.99	0.88	-0.07	0.91	1.0	0.97	0.65	0.99	0.99	-0.04	-0.34	0.01	-0.06	-0.29	-0.14	-0.14
Non Currrent Assets Other	0.98	1.0	0.99	0.99	1.0	-0.05	1.0	-1.0	0.82	0.99		0.82	-0.2	0.85	1.0	0.93	0.55	1.0	1.0	-0.17	-0.32	-0.12	-0.18	-0.39	-0.21	-0.21
Cash And Short Term Investments	0.9	0.84	0.89	0.88	0.86	0.47	0.78	-0.83	1.0	0.88	0.82		0.37	0.98	0.84	0.94	0.92	0.82	0.82	0.38	-0.39	0.35	0.32	0.19	0.07	0.08
Common Stock Shares Outstanding	-0.04	-0.15	-0.07	-0.07	-0.13	0.93	-0.24	0.17	0.37	-0.07	-0.2	0.37		0.31	-0.16	0.13	0.65	-0.2	-0.2	0.86	-0.04	0.89	0.84	0.85	0.48	0.5
Other Current Assets	0.93	0.88	0.92	0.92	0.88	0.46	0.83	-0.87	0.98	0.91	0.85	0.98	0.31		0.87	0.98	0.9	0.86	0.85	0.36	-0.32	0.36	0.33	0.1	0.13	0.14
Other Stockholder Equity	0.99	1.0	0.99	1.0	1.0	-0.01	0.99	-1.0	0.84	1.0	1.0	0.84	-0.16	0.87		0.95	0.58	1.0	1.0	-0.12	-0.33	-0.08	-0.14	-0.36	-0.19	-0.19
Total Liab	0.98	0.96	0.97	0.97	0.95	0.29	0.92	-0.95	0.94	0.97	0.93	0.94	0.13	0.98	0.95		0.79	0.94	0.93	0.18	-0.28	0.21	0.18	-0.09	0.06	0.07
Total Current Assets	0.68	0.59	0.67	0.65	0.6	0.76	0.51	-0.57	0.92	0.65	0.55	0.92	0.65	0.9	0.58	0.79		0.55	0.54	0.71	-0.33	0.64	0.65	0.51	0.34	0.35
Short Term Debt	0.99	1.0	0.99	0.99	1.0	-0.05	1.0	-1.0	0.82	0.99	1.0	0.82	-0.2	0.86	1.0	0.94	0.55		1.0	-0.16	-0.32	-0.12	-0.17	-0.39	-0.21	-0.21
Common Stock	0.98	1.0	0.99	0.99	1.0	-0.06	1.0	-1.0	0.82	0.99	1.0	0.82	-0.2	0.85	1.0	0.93	0.54	1.0		-0.17	-0.32	-0.12	-0.18	-0.4	-0.22	-0.22
Net Receivables	0.0	-0.11	-0.02	-0.03	-0.1	0.94	-0.19	0.13	0.38	-0.04	-0.17	0.38	0.86	0.36	-0.12	0.18	0.71	-0.16	-0.17		-0.12	0.87	0.93	0.87	0.61	0.64
Current Deferred Revenue	-0.35	-0.28	-0.33	-0.33	-0.37	-0.15	-0.25	0.32	-0.39	-0.34	-0.32	-0.39	-0.04	-0.32	-0.33	-0.28	-0.33	-0.32	-0.32	-0.12		-0.1	0.22	-0.06	0.57	0.56
Accounts Payable	0.05	-0.07	0.0	0.02	-0.05	0.98	-0.15	0.09	0.35	0.01	-0.12	0.35	0.89	0.36	-0.08	0.21	0.64	-0.12	-0.12	0.87	-0.1		0.83	0.67	0.45	0.49
Non Current Liabilities Total	-0.02	-0.1	-0.03	-0.05	-0.13	0.88	-0.18	0.14	0.32	-0.06	-0.18	0.32	0.84	0.33	-0.14	0.18	0.65	-0.17	-0.18	0.93	0.22	0.83		0.8	0.83	0.85
Inventory	-0.25	-0.35	-0.24	-0.28	-0.33	0.76	-0.43	0.37	0.19	-0.29	-0.39	0.19	0.85	0.1	-0.36	-0.09	0.51	-0.39	-0.4	0.87	-0.06	0.67	0.8		0.51	0.53
Long Term Debt	-0.12	-0.13	-0.11	-0.13	-0.2	0.51	-0.16	0.18	0.07	-0.14	-0.21	0.07	0.48	0.13	-0.19	0.06	0.34	-0.21	-0.22	0.61	0.57	0.45	0.83	0.51		1.0
Long Term Debt Total	-0.11	-0.13	-0.11	-0.13	-0.2	0.55	-0.16	0.18	0.08	-0.14	-0.21	0.08	0.5	0.14	-0.19	0.07	0.35	-0.21	-0.22	0.64	0.56	0.49	0.85	0.53	1.0

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Empire Petroleum Account Relationship Matchups

Empire Petroleum fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.0M	11.2M	50.1M	71.5M	92.6M	97.2M
Short Long Term Debt Total	7.8M	9.6M	9.4M	8.0M	6.7M	9.7M
Other Current Liab	11.9K	2.7M	5.8M	9.2M	7.1M	4.3M
Total Current Liabilities	2.2M	6.1M	12.1M	17.6M	25.0M	26.3M
Total Stockholder Equity	(4.9M)	(18.4M)	10.8M	23.2M	35.0M	18.7M
Property Plant And Equipment Net	9.3M	8.2M	30.7M	45.3M	72.4M	76.0M
Net Debt	7.8M	9.5M	5.8M	(3.9M)	(1.1M)	(1.1M)
Retained Earnings	(23.8M)	(40.6M)	(59.2M)	(52.1M)	(64.6M)	(67.8M)
Cash	0.0	157.7K	3.6M	11.9M	7.8M	8.2M
Non Current Assets Total	9.3M	9.0M	37.0M	48.8M	73.9M	77.6M
Cash And Short Term Investments	0.0	157.7K	3.6M	11.9M	7.8M	8.2M
Common Stock Shares Outstanding	5.0M	5.7M	3.7M	23.4M	22.7M	23.9M
Liabilities And Stockholders Equity	11.0M	11.2M	50.1M	71.5M	92.6M	97.2M
Other Current Assets	247.7K	281.9K	734.4K	1.2M	1.2M	1.2M
Other Stockholder Equity	18.8M	22.2M	69.0M	75.3M	99.5M	85.7M
Total Liab	16.0M	29.7M	39.3M	48.3M	57.7M	60.5M
Total Current Assets	1.7M	2.2M	13.1M	22.7M	18.7M	19.7M
Short Term Debt	96.7K	1.5M	1.9M	2.6M	1.5M	1.5M
Common Stock	20.4K	24.9K	79.4K	81.6K	85.0K	80.8K
Net Receivables	982.8K	1.3M	7.7M	7.8M	8.4M	8.8M
Accounts Payable	1.0M	1.9M	4.3M	5.8M	16.4M	17.3M
Non Current Liabilities Total	13.7M	23.6M	27.2M	30.7M	32.6M	34.2M
Long Term Debt	7.7M	7.7M	6.9M	5.1M	4.6M	4.6M
Long Term Debt Total	7.7M	8.3M	7.6M	5.1M	5.9M	4.7M
Capital Surpluse	18.8M	22.2M	70.0M	75.3M	86.6M	90.9M
Cash And Equivalents	0.0	157.7K	3.6M	11.9M	13.7M	14.4M
Net Tangible Assets	(150.2K)	(4.9M)	(18.4M)	10.8M	12.5M	13.1M
Net Invested Capital	2.9M	(9.4M)	19.4M	30.4M	40.7M	42.7M
Short Long Term Debt	96.7K	1.3M	1.7M	2.1M	1.1M	1.2M
Capital Stock	20.4K	24.9K	79.4K	81.6K	85.0K	56.6K
Net Working Capital	(531.2K)	(3.9M)	1.1M	5.1M	(6.3M)	(6.0M)
Property Plant Equipment	9.3M	8.2M	30.7M	45.3M	52.1M	54.7M

Pair Trading with Empire Petroleum

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 Empire Petroleum 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 Empire Petroleum will appreciate offsetting losses from the drop in the long position's value.

Moving together with Empire Stock

0.69	AR	Antero Resources Corp	Pair Corr
0.7	LB	LandBridge Company	Pair Corr
0.64	PR	Permian Resources	Pair Corr

Moving against Empire Stock

0.77	BRN	Barnwell Industries	Pair Corr
0.76	BRY	Berry Petroleum Corp	Pair Corr
0.76	DVN	Devon Energy Sell-off Trend	Pair Corr
0.73	EGY	Vaalco Energy	Pair Corr
0.7	BTE	Baytex Energy Corp	Pair Corr

The ability to find closely correlated positions to Empire Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empire Petroleum 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 Empire Petroleum - 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 Empire Petroleum Corp to buy it.

The correlation of Empire Petroleum is a statistical measure of how it moves in relation to other instruments. 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 Empire Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empire Petroleum Corp 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 Empire Petroleum 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 Correlation Correlation Matching

Additional Tools for Empire Stock Analysis

When running Empire Petroleum's price analysis, check to measure Empire Petroleum'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 Empire Petroleum is operating at the current time. Most of Empire Petroleum's value examination focuses on studying past and present price action to predict the probability of Empire Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Petroleum's price. Additionally, you may evaluate how the addition of Empire Petroleum to your portfolios can decrease your overall portfolio volatility.

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