StealthGas Net Working Capital vs Current Deferred Revenue Analysis

GASS Stock  USD 5.42  0.05  0.91%   
StealthGas financial indicator trend analysis is much more than just breaking down StealthGas prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether StealthGas is a good investment. Please check the relationship between StealthGas Net Working Capital and its Current Deferred Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in StealthGas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more information on how to buy StealthGas Stock please use our How to Invest in StealthGas guide.

Net Working Capital vs Current Deferred Revenue

Net Working Capital vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of StealthGas Net Working Capital account and Current Deferred Revenue. At this time, the significance of the direction appears to have very week relationship.
The correlation between StealthGas' Net Working Capital and Current Deferred Revenue is 0.26. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of StealthGas, assuming nothing else is changed. The correlation between historical values of StealthGas' Net Working Capital and Current Deferred Revenue 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 Working Capital of StealthGas are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Working Capital i.e., StealthGas' Net Working Capital and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.26
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Working Capital

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from StealthGas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into StealthGas 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in StealthGas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more information on how to buy StealthGas Stock please use our How to Invest in StealthGas guide.At this time, StealthGas' Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 318.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 9.3 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit61.2M72.7M50.9M67.5M
Total Revenue150.2M152.8M143.5M130.3M

StealthGas fundamental ratios Correlations

0.530.880.930.980.580.830.990.010.640.720.890.81-0.040.960.830.940.630.840.730.00.550.610.50.490.72
0.530.630.40.520.030.480.5-0.080.040.240.430.22-0.290.440.620.50.470.40.57-0.080.480.570.080.270.59
0.880.630.720.890.390.590.86-0.180.540.510.660.59-0.140.760.830.750.620.60.770.130.50.650.510.430.75
0.930.40.720.870.720.910.90.210.730.860.970.730.120.990.640.920.710.960.52-0.230.660.380.580.460.5
0.980.520.890.870.490.750.99-0.110.570.630.820.8-0.130.910.870.90.520.760.790.080.470.690.430.530.78
0.580.030.390.720.490.640.530.660.690.850.660.440.670.660.060.590.620.69-0.09-0.320.53-0.240.510.14-0.12
0.830.480.590.910.750.640.810.330.680.780.90.720.150.890.570.910.640.910.44-0.260.610.360.350.440.44
0.990.50.860.90.990.530.81-0.030.60.690.860.83-0.080.940.850.940.530.810.750.010.490.660.410.530.74
0.01-0.08-0.180.21-0.110.660.33-0.030.210.510.240.00.770.16-0.450.180.260.31-0.6-0.520.2-0.63-0.01-0.39-0.59
0.640.040.540.730.570.690.680.60.210.670.650.510.210.670.380.610.590.660.3-0.150.290.160.570.420.27
0.720.240.510.860.630.850.780.690.510.670.880.530.390.840.260.760.590.90.13-0.580.70.010.440.330.11
0.890.430.660.970.820.660.90.860.240.650.880.660.130.970.580.910.650.990.47-0.350.690.360.490.510.45
0.810.220.590.730.80.440.720.830.00.510.530.66-0.010.750.720.820.350.620.630.160.260.580.250.360.63
-0.04-0.29-0.140.12-0.130.670.15-0.080.770.210.390.13-0.010.05-0.470.120.220.17-0.61-0.180.19-0.660.09-0.21-0.63
0.960.440.760.990.910.660.890.940.160.670.840.970.750.050.690.930.660.950.58-0.210.650.450.540.480.56
0.830.620.830.640.870.060.570.85-0.450.380.260.580.72-0.470.690.740.40.510.980.340.260.930.30.490.98
0.940.50.750.920.90.590.910.940.180.610.760.910.820.120.930.740.560.880.61-0.10.520.540.310.480.61
0.630.470.620.710.520.620.640.530.260.590.590.650.350.220.660.40.560.650.29-0.050.710.080.830.080.26
0.840.40.60.960.760.690.910.810.310.660.90.990.620.170.950.510.880.650.39-0.420.710.280.480.470.37
0.730.570.770.520.79-0.090.440.75-0.60.30.130.470.63-0.610.580.980.610.290.390.370.160.970.250.521.0
0.0-0.080.13-0.230.08-0.32-0.260.01-0.52-0.15-0.58-0.350.16-0.18-0.210.34-0.1-0.05-0.420.37-0.40.350.09-0.10.37
0.550.480.50.660.470.530.610.490.20.290.70.690.260.190.650.260.520.710.710.16-0.40.010.570.290.14
0.610.570.650.380.69-0.240.360.66-0.630.160.010.360.58-0.660.450.930.540.080.280.970.350.010.00.510.97
0.50.080.510.580.430.510.350.41-0.010.570.440.490.250.090.540.30.310.830.480.250.090.570.00.070.21
0.490.270.430.460.530.140.440.53-0.390.420.330.510.36-0.210.480.490.480.080.470.52-0.10.290.510.070.49
0.720.590.750.50.78-0.120.440.74-0.590.270.110.450.63-0.630.560.980.610.260.371.00.370.140.970.210.49
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StealthGas Account Relationship Matchups

StealthGas fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets953.4M944.0M798.7M821.5M697.2M802.7M
Other Current Liab12.3M8.6M12.5M14.6M6.6M6.3M
Total Current Liabilities66.4M63.1M58.7M56.6M38.7M65.1M
Total Stockholder Equity559.2M564.6M474.8M517.9M549.7M453.9M
Property Plant And Equipment Net838.6M838.9M681.4M651.9M504.4M701.4M
Retained Earnings82.9M94.9M59.8M94.1M146.0M153.3M
Accounts Payable9.0M10.0M8.6M11.8M10.0M7.5M
Non Current Assets Total875.5M896.0M747.0M716.8M576.4M723.7M
Non Currrent Assets Other12.4M13.9M12.2M18.3M30.5M32.0M
Net Receivables4.5M3.7M2.2M4.8M4.6M3.4M
Common Stock Total Equity501.9M502.3M502.9M500.0M575.0M603.7M
Common Stock Shares Outstanding39.8M38.4M37.9M38.0M37.2M31.5M
Liabilities And Stockholders Equity953.4M944.0M798.7M821.5M697.2M802.7M
Inventory2.4M3.7M2.8M3.1M2.0M2.4M
Other Current Assets118.2K2.4M15.4M14.6M37.1M38.9M
Other Stockholder Equity478.1M474.2M417.6M418.2M402.5M384.9M
Total Liab394.3M379.4M323.9M303.6M147.5M140.2M
Property Plant And Equipment Gross835.6M838.9M872.8M851.4M722.2M716.0M
Total Current Assets77.9M48.1M51.7M104.7M120.8M79.0M
Accumulated Other Comprehensive Income(2.3M)(5.0M)(3.1M)5.2M731.8K768.4K
Short Long Term Debt Total366.5M351.8M293.9M277.1M123.6M117.5M
Current Deferred Revenue3.8M4.0M5.7M5.2M5.4M5.2M
Net Debt298.0M313.6M262.6M221.3M46.4M44.1M
Cash68.5M38.2M31.3M55.8M77.2M60.0M
Other Assets15.3M20.4M12.2M41.7M1.00.95
Long Term Debt325.2M311.2M262.0M247.0M106.9M101.6M
Cash And Short Term Investments68.5M38.2M31.3M82.3M77.2M61.5M
Non Current Liabilities Total327.9M316.3M265.2M247.1M108.9M103.4M
Short Term Debt41.2M40.5M31.9M30.1M16.7M15.9M
Property Plant Equipment835.6M832.3M681.4M628.5M722.8M737.3M
Net Tangible Assets559.2M564.6M474.8M517.9M466.1M437.9M
Short Long Term Debt40.7M40.5M31.8M30.1M16.6M15.8M
Long Term Investments25.3M43.2M53.3M46.6M39.7M23.1M

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Additional Tools for StealthGas Stock Analysis

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