Vertex Net Debt vs Total Current Assets Analysis

VTNR Stock

USD 0.07 0.0003 0.46%

Vertex Energy financial indicator trend analysis is much more than just breaking down Vertex Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vertex Energy is a good investment. Please check the relationship between Vertex Energy Net Debt and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vertex 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 board of governors.

To learn how to invest in Vertex Stock, please use our How to Invest in Vertex Energy guide.

Net Debt vs Total Current Assets

Net Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vertex Energy Net Debt account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Vertex Energy's Net Debt and Total Current Assets is 0.88. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Vertex Energy, assuming nothing else is changed. The correlation between historical values of Vertex Energy's Net Debt and Total Current 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 Net Debt of Vertex Energy are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Debt i.e., Vertex Energy's Net Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

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.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Vertex Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vertex 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Vertex 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 board of governors.

To learn how to invest in Vertex Stock, please use our How to Invest in Vertex Energy guide.At this time, Vertex Energy's Selling General Administrative is relatively stable compared to the past year. As of 12/12/2024, Enterprise Value Over EBITDA is likely to grow to 107.88, while Discontinued Operations is likely to drop slightly above 14.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	3.5M	79.9M	119.6M	125.5M
Depreciation And Amortization	5.7M	17.1M	31.2M	32.7M

Interest Expense Depreciation And Amortization

Vertex Energy fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Long Term Debt Total	Non Current Liabilities Total	Short Term Debt	Current Deferred Revenue
Total Assets		-0.12	0.99	0.96	0.97	0.97	-0.88	0.9	0.9	0.97	0.32	0.9	0.96	0.65	0.92	0.98	0.68	0.98	1.0	0.97	0.96	0.94	1.0	0.99	0.73	0.27
Other Current Liab	-0.12		-0.11	-0.15	-0.12	-0.1	0.24	-0.07	-0.11	-0.11	-0.14	-0.11	-0.11	-0.26	-0.19	-0.08	-0.14	-0.19	-0.11	-0.12	-0.13	-0.21	-0.11	-0.1	-0.21	-0.68
Total Current Liabilities	0.99	-0.11		0.97	0.98	0.98	-0.84	0.92	0.88	0.98	0.23	0.88	0.96	0.58	0.88	0.99	0.6	0.97	0.99	0.98	0.93	0.9	0.99	0.97	0.77	0.24
Total Stockholder Equity	0.96	-0.15	0.97		0.97	0.96	-0.8	0.9	0.85	0.98	0.12	0.85	0.98	0.59	0.89	0.97	0.51	0.96	0.96	0.97	0.88	0.89	0.96	0.92	0.78	0.32
Property Plant And Equipment Net	0.97	-0.12	0.98	0.97		0.99	-0.86	0.94	0.81	1.0	0.15	0.81	0.95	0.55	0.89	0.98	0.51	0.97	0.97	1.0	0.87	0.9	0.98	0.94	0.75	0.26
Net Debt	0.97	-0.1	0.98	0.96	0.99		-0.87	0.95	0.79	0.99	0.23	0.79	0.93	0.54	0.89	0.98	0.57	0.97	0.97	0.99	0.88	0.91	0.98	0.95	0.77	0.25
Retained Earnings	-0.88	0.24	-0.84	-0.8	-0.86	-0.87		-0.75	-0.77	-0.84	-0.49	-0.77	-0.76	-0.76	-0.93	-0.82	-0.76	-0.93	-0.88	-0.85	-0.87	-0.96	-0.87	-0.91	-0.54	-0.39
Accounts Payable	0.9	-0.07	0.92	0.9	0.94	0.95	-0.75		0.63	0.94	0.19	0.63	0.87	0.37	0.79	0.91	0.46	0.89	0.89	0.95	0.78	0.81	0.89	0.85	0.81	0.24
Cash	0.9	-0.11	0.88	0.85	0.81	0.79	-0.77	0.63		0.81	0.31	1.0	0.88	0.74	0.82	0.87	0.7	0.86	0.9	0.79	0.94	0.83	0.9	0.92	0.53	0.23
Non Current Assets Total	0.97	-0.11	0.98	0.98	1.0	0.99	-0.84	0.94	0.81		0.14	0.81	0.95	0.54	0.89	0.98	0.51	0.97	0.97	1.0	0.87	0.9	0.98	0.93	0.78	0.27
Non Currrent Assets Other	0.32	-0.14	0.23	0.12	0.15	0.23	-0.49	0.19	0.31	0.14		0.31	0.11	0.49	0.43	0.16	0.88	0.33	0.33	0.15	0.51	0.46	0.27	0.42	0.12	0.13
Cash And Short Term Investments	0.9	-0.11	0.88	0.85	0.81	0.79	-0.77	0.63	1.0	0.81	0.31		0.88	0.74	0.82	0.87	0.7	0.86	0.9	0.79	0.94	0.83	0.9	0.92	0.53	0.23
Net Receivables	0.96	-0.11	0.96	0.98	0.95	0.93	-0.76	0.87	0.88	0.95	0.11	0.88		0.6	0.87	0.96	0.52	0.93	0.95	0.94	0.89	0.87	0.96	0.92	0.74	0.26
Common Stock Total Equity	0.65	-0.26	0.58	0.59	0.55	0.54	-0.76	0.37	0.74	0.54	0.49	0.74	0.6		0.8	0.53	0.74	0.68	0.64	0.52	0.74	0.79	0.63	0.69	0.38	0.49
Common Stock Shares Outstanding	0.92	-0.19	0.88	0.89	0.89	0.89	-0.93	0.79	0.82	0.89	0.43	0.82	0.87	0.8		0.85	0.74	0.95	0.91	0.88	0.9	0.99	0.91	0.92	0.66	0.4
Inventory	0.98	-0.08	0.99	0.97	0.98	0.98	-0.82	0.91	0.87	0.98	0.16	0.87	0.96	0.53	0.85		0.55	0.96	0.98	0.98	0.91	0.87	0.99	0.96	0.71	0.19
Other Current Assets	0.68	-0.14	0.6	0.51	0.51	0.57	-0.76	0.46	0.7	0.51	0.88	0.7	0.52	0.74	0.74	0.55		0.67	0.69	0.51	0.83	0.77	0.64	0.76	0.34	0.25
Other Stockholder Equity	0.98	-0.19	0.97	0.96	0.97	0.97	-0.93	0.89	0.86	0.97	0.33	0.86	0.93	0.68	0.95	0.96	0.67		0.98	0.97	0.94	0.97	0.98	0.97	0.71	0.36
Total Liab	1.0	-0.11	0.99	0.96	0.97	0.97	-0.88	0.89	0.9	0.97	0.33	0.9	0.95	0.64	0.91	0.98	0.69	0.98		0.96	0.96	0.93	1.0	0.99	0.71	0.24
Property Plant And Equipment Gross	0.97	-0.12	0.98	0.97	1.0	0.99	-0.85	0.95	0.79	1.0	0.15	0.79	0.94	0.52	0.88	0.98	0.51	0.97	0.96		0.86	0.89	0.97	0.93	0.76	0.25
Total Current Assets	0.96	-0.13	0.93	0.88	0.87	0.88	-0.87	0.78	0.94	0.87	0.51	0.94	0.89	0.74	0.9	0.91	0.83	0.94	0.96	0.86		0.93	0.95	0.98	0.61	0.25
Common Stock	0.94	-0.21	0.9	0.89	0.9	0.91	-0.96	0.81	0.83	0.9	0.46	0.83	0.87	0.79	0.99	0.87	0.77	0.97	0.93	0.89	0.93		0.92	0.95	0.67	0.43
Short Long Term Debt Total	1.0	-0.11	0.99	0.96	0.98	0.98	-0.87	0.89	0.9	0.98	0.27	0.9	0.96	0.63	0.91	0.99	0.64	0.98	1.0	0.97	0.95	0.92		0.98	0.72	0.23
Non Current Liabilities Total	0.99	-0.1	0.97	0.92	0.94	0.95	-0.91	0.85	0.92	0.93	0.42	0.92	0.92	0.69	0.92	0.96	0.76	0.97	0.99	0.93	0.98	0.95	0.98		0.65	0.24
Short Term Debt	0.73	-0.21	0.77	0.78	0.75	0.77	-0.54	0.81	0.53	0.78	0.12	0.53	0.74	0.38	0.66	0.71	0.34	0.71	0.71	0.76	0.61	0.67	0.72	0.65		0.36
Current Deferred Revenue	0.27	-0.68	0.24	0.32	0.26	0.25	-0.39	0.24	0.23	0.27	0.13	0.23	0.26	0.49	0.4	0.19	0.25	0.36	0.24	0.25	0.25	0.43	0.23	0.24	0.36

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Vertex Energy Account Relationship Matchups

Vertex Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	120.8M	122.1M	266.1M	689.4M	854.6M	897.4M
Other Current Liab	375.9K	15.0M	6.2M	207.5M	213.6M	412.2M
Total Current Liabilities	24.8M	23.9M	49.2M	248.6M	328.8M	345.3M
Total Stockholder Equity	46.1M	28.4M	28.1M	163.7M	196.3M	206.2M
Property Plant And Equipment Net	81.2M	81.3M	16.8M	299.4M	487.0M	511.4M
Net Debt	50.0M	36.3M	35.7M	142.7M	269.9M	283.4M
Retained Earnings	(59.2M)	(90.0M)	(110.6M)	(115.9M)	(187.4M)	(178.0M)
Accounts Payable	7.6M	3.3M	10.1M	21.0M	75.0M	78.8M
Cash	4.1M	10.9M	36.1M	141.3M	80.6M	84.6M
Non Current Assets Total	93.4M	92.3M	31.9M	316.0M	502.6M	527.7M
Non Currrent Assets Other	840.8K	1.6M	14.8M	2.2M	4.0M	4.3M
Cash And Short Term Investments	4.1M	10.9M	36.1M	141.3M	80.6M	84.6M
Net Receivables	12.2M	5.2M	7.6M	34.5M	36.2M	38.0M
Common Stock Total Equity	43.4K	45.6K	63.3K	76K	68.4K	34.8K
Common Stock Shares Outstanding	41.0M	45.5M	56.3M	70.7M	85.6M	89.9M
Liabilities And Stockholders Equity	120.8M	122.1M	266.1M	689.4M	854.6M	897.4M
Inventory	6.5M	4.4M	3.7M	135.5M	182.1M	191.2M
Other Current Assets	4.5M	12.2M	114.0M	62.1M	56.8M	59.6M
Other Stockholder Equity	81.5M	94.6M	138.6M	279.6M	383.6M	402.8M
Total Liab	69.5M	60.8M	192.5M	524.0M	652.9M	685.5M
Property Plant And Equipment Gross	81.2M	81.3M	13.8M	299.4M	544.6M	571.9M
Total Current Assets	27.4M	29.8M	234.2M	373.4M	352.0M	369.6M
Common Stock	43.4K	45.6K	63.3K	76K	94K	98.7K
Short Long Term Debt Total	54.1M	47.2M	71.9M	284.0M	350.4M	368.0M
Non Current Liabilities Total	44.7M	37.0M	143.4M	275.4M	324.0M	340.2M
Short Term Debt	11.4M	7.9M	8.7M	19.0M	39.1M	41.0M
Other Assets	909.4K	7.1M	14.8M	4.7M	5.5M	4.6M
Intangible Assets	11.2M	9.4M	358.9K	11.8M	11.5M	9.8M
Property Plant Equipment	44.8M	17.1M	16.8M	201.7M	232.0M	243.6M
Net Tangible Assets	39.2M	50.6M	27.7M	151.9M	174.7M	183.4M
Noncontrolling Interest In Consolidated Entity	777.4K	1.3M	2.0M	1.7M	1.9M	2.0M
Long Term Debt	12.4M	8.0M	64.0M	170.0M	170.7M	179.2M
Retained Earnings Total Equity	(59.2M)	(90.0M)	(110.6M)	(115.9M)	(104.3M)	(99.1M)
Capital Surpluse	81.5M	94.6M	138.6M	279.6M	321.5M	337.6M

Pair Trading with Vertex Energy

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 Vertex Energy 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 Vertex Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Vertex Stock

0.57	BDCO	Blue Dolphin Energy	Pair Corr
0.55	AMTX	Aemetis	Pair Corr
0.53	AM	Antero Midstream Partners	Pair Corr
0.49	AE	Adams Resources Energy	Pair Corr
0.41	AR	Antero Resources Corp	Pair Corr

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

The correlation of Vertex Energy 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 Vertex Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vertex Energy 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 Vertex Energy 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 Vertex Stock Analysis

When running Vertex Energy's price analysis, check to measure Vertex 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 Vertex Energy is operating at the current time. Most of Vertex Energy's value examination focuses on studying past and present price action to predict the probability of Vertex 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 Vertex Energy's price. Additionally, you may evaluate how the addition of Vertex Energy to your portfolios can decrease your overall portfolio volatility.

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