Vitesse Net Receivables vs Cash And Short Term Investments Analysis

VTS Stock   27.13  0.33  1.20%   
Vitesse Energy financial indicator trend analysis is much more than just breaking down Vitesse Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vitesse Energy is a good investment. Please check the relationship between Vitesse Energy Net Receivables and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vitesse 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 estimate.
For more information on how to buy Vitesse Stock please use our How to Invest in Vitesse Energy guide.

Net Receivables vs Cash And Short Term Investments

Net Receivables vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vitesse Energy Net Receivables account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Vitesse Energy's Net Receivables and Cash And Short Term Investments is 0.37. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Vitesse Energy, assuming nothing else is changed. The correlation between historical values of Vitesse Energy's Net Receivables and Cash And Short Term Investments 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 Receivables of Vitesse Energy are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Receivables i.e., Vitesse Energy's Net Receivables and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.37
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Receivables

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Vitesse Energy balance sheet. This account contains Vitesse Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Vitesse Energy fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Vitesse Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vitesse 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 Vitesse 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 estimate.
For more information on how to buy Vitesse Stock please use our How to Invest in Vitesse Energy guide.At this time, Vitesse Energy's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 65 M in 2024, whereas Enterprise Value is likely to drop slightly above 478 M in 2024.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization60.8M63.7M81.7M72.5M
Interest Income35.8M35.0M40.2M26.6M

Vitesse Energy fundamental ratios Correlations

0.1-0.650.90.230.56-0.420.33-0.03-0.62-0.73-0.160.97-0.030.290.18-0.670.970.5-0.51-0.710.26-0.590.59-0.480.24
0.1-0.50.420.920.81-0.70.950.990.47-0.440.95-0.110.990.920.32-0.52-0.110.79-0.790.440.730.020.850.730.87
-0.65-0.5-0.9-0.64-0.860.21-0.55-0.40.440.99-0.32-0.59-0.39-0.370.311.0-0.59-0.870.880.53-0.080.84-0.720.16-0.55
0.90.42-0.90.530.84-0.460.560.3-0.48-0.940.190.820.290.470.03-0.910.820.78-0.79-0.60.3-0.710.78-0.270.53
0.230.92-0.640.530.79-0.540.950.880.16-0.580.780.070.870.850.12-0.650.070.93-0.920.270.55-0.230.90.640.68
0.560.81-0.860.840.79-0.630.810.740.02-0.850.680.390.740.730.13-0.880.390.89-0.89-0.160.54-0.450.890.20.89
-0.42-0.70.21-0.46-0.54-0.63-0.77-0.68-0.430.23-0.61-0.21-0.69-0.89-0.850.24-0.21-0.450.45-0.28-0.98-0.29-0.76-0.45-0.74
0.330.95-0.550.560.950.81-0.770.90.26-0.510.790.130.90.970.4-0.570.130.86-0.860.310.77-0.070.950.640.77
-0.030.99-0.40.30.880.74-0.680.90.58-0.330.98-0.241.00.890.34-0.42-0.240.71-0.710.540.720.130.770.80.86
-0.620.470.44-0.480.160.02-0.430.260.580.490.69-0.780.590.410.530.43-0.78-0.160.170.870.560.820.010.760.46
-0.73-0.440.99-0.94-0.58-0.850.23-0.51-0.330.49-0.25-0.67-0.32-0.350.270.99-0.67-0.830.840.6-0.090.85-0.710.24-0.53
-0.160.95-0.320.190.780.68-0.610.790.980.69-0.25-0.380.980.790.3-0.34-0.380.59-0.590.580.660.20.640.790.88
0.97-0.11-0.590.820.070.39-0.210.13-0.24-0.78-0.67-0.38-0.250.080.03-0.61.00.37-0.39-0.830.04-0.670.42-0.640.02
-0.030.99-0.390.290.870.74-0.690.91.00.59-0.320.98-0.250.890.35-0.4-0.250.7-0.690.550.730.150.760.80.87
0.290.92-0.370.470.850.73-0.890.970.890.41-0.350.790.080.890.62-0.40.080.71-0.710.410.90.150.90.680.78
0.180.320.310.030.120.13-0.850.40.340.530.270.30.030.350.620.280.03-0.060.050.420.880.670.340.390.36
-0.67-0.521.0-0.91-0.65-0.880.24-0.57-0.420.430.99-0.34-0.6-0.4-0.40.28-0.6-0.880.890.52-0.120.82-0.740.14-0.57
0.97-0.11-0.590.820.070.39-0.210.13-0.24-0.78-0.67-0.381.0-0.250.080.03-0.60.37-0.39-0.830.04-0.670.42-0.640.02
0.50.79-0.870.780.930.89-0.450.860.71-0.16-0.830.590.370.70.71-0.06-0.880.37-1.0-0.10.39-0.560.920.30.65
-0.51-0.790.88-0.79-0.92-0.890.45-0.86-0.710.170.84-0.59-0.39-0.69-0.710.050.89-0.39-1.00.12-0.390.56-0.92-0.29-0.66
-0.710.440.53-0.60.27-0.16-0.280.310.540.870.60.58-0.830.550.410.420.52-0.83-0.10.120.450.80.010.920.19
0.260.73-0.080.30.550.54-0.980.770.720.56-0.090.660.040.730.90.88-0.120.040.39-0.390.450.430.70.590.71
-0.590.020.84-0.71-0.23-0.45-0.29-0.070.130.820.850.2-0.670.150.150.670.82-0.67-0.560.560.80.43-0.290.55-0.03
0.590.85-0.720.780.90.89-0.760.950.770.01-0.710.640.420.760.90.34-0.740.420.92-0.920.010.7-0.290.380.74
-0.480.730.16-0.270.640.2-0.450.640.80.760.240.79-0.640.80.680.390.14-0.640.3-0.290.920.590.550.380.44
0.240.87-0.550.530.680.89-0.740.770.860.46-0.530.880.020.870.780.36-0.570.020.65-0.660.190.71-0.030.740.44
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Vitesse Energy Account Relationship Matchups

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Additional Tools for Vitesse Stock Analysis

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