Civeo Accounts Payable vs Other Current Assets Analysis

CVEO Stock

USD 23.88 0.64 2.75%

Civeo Corp financial indicator trend analysis is way more than just evaluating Civeo Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Civeo Corp is a good investment. Please check the relationship between Civeo Corp Accounts Payable and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Civeo 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.

To learn how to invest in Civeo Stock, please use our How to Invest in Civeo Corp guide.

Accounts Payable vs Other Current Assets

Accounts Payable vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Civeo Corp Accounts Payable account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Civeo Corp's Accounts Payable and Other Current Assets is -0.41. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Civeo Corp, assuming nothing else is changed. The correlation between historical values of Civeo Corp's Accounts Payable and Other 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 Accounts Payable of Civeo Corp are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Accounts Payable i.e., Civeo Corp's Accounts Payable and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Civeo Corp 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 Civeo Corp 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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Civeo Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Civeo 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Civeo 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.

To learn how to invest in Civeo Stock, please use our How to Invest in Civeo Corp guide.At this time, Civeo Corp's Tax Provision is very stable compared to the past year. As of the 7th of January 2026, Enterprise Value Over EBITDA is likely to grow to 12.01, while Selling General Administrative is likely to drop about 66.3 M.

	2023	2024	2025	2026 (projected)
Interest Expense	13.2M	8.0M	7.2M	6.8M
Depreciation And Amortization	75.1M	68.0M	61.2M	95.5M

Interest Expense Depreciation And Amortization

Civeo Corp fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Common Stock Shares Outstanding		0.52	0.7	0.56	0.54	-0.37	0.45	-0.59	0.48	0.36	0.51	-0.77	0.5	0.31	0.36	0.59	0.63	0.23	0.44	-0.46	-0.36	0.39	0.46	-0.24	0.31	0.57
Total Assets	0.52		0.61	0.42	0.98	-0.09	0.98	-0.29	0.27	0.89	0.99	-0.72	0.76	0.84	0.89	0.8	0.9	0.81	0.84	-0.3	-0.81	0.89	0.89	0.03	0.14	0.86
Other Current Liab	0.7	0.61		0.86	0.63	-0.59	0.48	-0.77	0.8	0.56	0.56	-0.89	0.63	0.35	0.56	0.88	0.69	0.27	0.6	-0.48	-0.41	0.48	0.7	-0.34	0.39	0.67
Total Current Liabilities	0.56	0.42	0.86		0.43	-0.7	0.25	-0.66	0.88	0.42	0.35	-0.69	0.53	0.17	0.42	0.8	0.51	0.1	0.47	-0.3	-0.27	0.31	0.59	-0.06	0.65	0.49
Total Stockholder Equity	0.54	0.98	0.63	0.43		-0.21	0.93	-0.43	0.36	0.86	0.97	-0.74	0.76	0.7	0.86	0.83	0.95	0.67	0.92	-0.42	-0.9	0.77	0.88	-0.02	0.19	0.95
Other Liab	-0.37	-0.09	-0.59	-0.7	-0.21		0.09	0.76	-0.79	-0.12	-0.03	0.43	-0.31	0.32	-0.12	-0.51	-0.32	0.37	-0.39	0.35	0.26	0.19	-0.27	0.12	-0.51	-0.43
Property Plant And Equipment Net	0.45	0.98	0.48	0.25	0.93	0.09		-0.14	0.08	0.85	0.99	-0.64	0.73	0.89	0.85	0.67	0.82	0.88	0.75	-0.21	-0.76	0.92	0.81	0.06	-0.02	0.77
Net Debt	-0.59	-0.29	-0.77	-0.66	-0.43	0.76	-0.14		-0.8	-0.21	-0.25	0.74	-0.41	0.18	-0.21	-0.63	-0.56	0.26	-0.53	0.76	0.44	0.05	-0.38	0.54	-0.36	-0.65
Accounts Payable	0.48	0.27	0.8	0.88	0.36	-0.79	0.08	-0.8		0.3	0.19	-0.57	0.41	-0.12	0.3	0.77	0.43	-0.17	0.5	-0.41	-0.32	0.04	0.5	-0.26	0.56	0.51
Cash	0.36	0.89	0.56	0.42	0.86	-0.12	0.85	-0.21	0.3		0.85	-0.51	0.73	0.77	1.0	0.8	0.7	0.78	0.86	-0.22	-0.75	0.83	0.97	-0.07	0.03	0.73
Non Current Assets Total	0.51	0.99	0.56	0.35	0.97	-0.03	0.99	-0.25	0.19	0.85		-0.71	0.74	0.84	0.85	0.74	0.9	0.82	0.81	-0.29	-0.8	0.89	0.84	0.06	0.13	0.84
Non Currrent Assets Other	-0.77	-0.72	-0.89	-0.69	-0.74	0.43	-0.64	0.74	-0.57	-0.51	-0.71		-0.68	-0.47	-0.51	-0.77	-0.83	-0.36	-0.59	0.58	0.51	-0.56	-0.62	0.31	-0.34	-0.76
Other Assets	0.5	0.76	0.63	0.53	0.76	-0.31	0.73	-0.41	0.41	0.73	0.74	-0.68		0.58	0.73	0.72	0.66	0.55	0.72	-0.46	-0.65	0.66	0.76	-0.08	0.14	0.72
Long Term Debt	0.31	0.84	0.35	0.17	0.7	0.32	0.89	0.18	-0.12	0.77	0.84	-0.47	0.58		0.77	0.49	0.57	0.99	0.46	0.07	-0.42	0.99	0.69	0.15	-0.07	0.44
Cash And Short Term Investments	0.36	0.89	0.56	0.42	0.86	-0.12	0.85	-0.21	0.3	1.0	0.85	-0.51	0.73	0.77		0.8	0.7	0.78	0.86	-0.22	-0.75	0.83	0.97	-0.07	0.03	0.73
Net Receivables	0.59	0.8	0.88	0.8	0.83	-0.51	0.67	-0.63	0.77	0.8	0.74	-0.77	0.72	0.49	0.8		0.8	0.45	0.85	-0.39	-0.7	0.62	0.91	-0.16	0.38	0.83
Good Will	0.63	0.9	0.69	0.51	0.95	-0.32	0.82	-0.56	0.43	0.7	0.9	-0.83	0.66	0.57	0.7	0.8		0.52	0.84	-0.53	-0.83	0.66	0.76	-0.04	0.4	0.94
Non Current Liabilities Total	0.23	0.81	0.27	0.1	0.67	0.37	0.88	0.26	-0.17	0.78	0.82	-0.36	0.55	0.99	0.78	0.45	0.52		0.46	0.12	-0.43	0.97	0.68	0.19	-0.11	0.4
Inventory	0.44	0.84	0.6	0.47	0.92	-0.39	0.75	-0.53	0.5	0.86	0.81	-0.59	0.72	0.46	0.86	0.85	0.84	0.46		-0.5	-0.95	0.56	0.89	-0.11	0.18	0.94
Other Current Assets	-0.46	-0.3	-0.48	-0.3	-0.42	0.35	-0.21	0.76	-0.41	-0.22	-0.29	0.58	-0.46	0.07	-0.22	-0.39	-0.53	0.12	-0.5		0.47	0.0	-0.28	0.54	-0.23	-0.59
Other Stockholder Equity	-0.36	-0.81	-0.41	-0.27	-0.9	0.26	-0.76	0.44	-0.32	-0.75	-0.8	0.51	-0.65	-0.42	-0.75	-0.7	-0.83	-0.43	-0.95	0.47		-0.49	-0.77	0.02	-0.11	-0.94
Total Liab	0.39	0.89	0.48	0.31	0.77	0.19	0.92	0.05	0.04	0.83	0.89	-0.56	0.66	0.99	0.83	0.62	0.66	0.97	0.56	0.0	-0.49		0.78	0.13	0.03	0.54
Total Current Assets	0.46	0.89	0.7	0.59	0.88	-0.27	0.81	-0.38	0.5	0.97	0.84	-0.62	0.76	0.69	0.97	0.91	0.76	0.68	0.89	-0.28	-0.77	0.78		-0.11	0.16	0.8
Short Term Debt	-0.24	0.03	-0.34	-0.06	-0.02	0.12	0.06	0.54	-0.26	-0.07	0.06	0.31	-0.08	0.15	-0.07	-0.16	-0.04	0.19	-0.11	0.54	0.02	0.13	-0.11		0.34	-0.12
Intangible Assets	0.31	0.14	0.39	0.65	0.19	-0.51	-0.02	-0.36	0.56	0.03	0.13	-0.34	0.14	-0.07	0.03	0.38	0.4	-0.11	0.18	-0.23	-0.11	0.03	0.16	0.34		0.27
Common Stock	0.57	0.86	0.67	0.49	0.95	-0.43	0.77	-0.65	0.51	0.73	0.84	-0.76	0.72	0.44	0.73	0.83	0.94	0.4	0.94	-0.59	-0.94	0.54	0.8	-0.12	0.27

Click cells to compare fundamentals

Civeo Corp Account Relationship Matchups

Civeo Corp fundamental ratios Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Common Stock Shares Outstanding	14.2M	14.0M	15.0M	14.3M	12.9M	14.8M
Total Assets	672.7M	566.2M	548.1M	405.1M	364.6M	346.3M
Other Current Liab	34.1M	47.6M	43.1M	35.7M	32.1M	27.0M
Total Current Liabilities	136.9M	128.3M	114.2M	92.6M	106.5M	114.7M
Total Stockholder Equity	361.5M	300.1M	320.2M	236.4M	212.7M	202.1M
Other Liab	26.0M	14.9M	14.7M	19.0M	17.1M	21.7M
Property Plant And Equipment Net	408.3M	317.6M	282.8M	214.3M	192.9M	183.2M
Net Debt	186.6M	135.8M	75.9M	50.5M	45.5M	43.2M
Accounts Payable	49.3M	51.1M	58.7M	40.0M	46.0M	43.9M
Cash	6.3M	8.0M	3.3M	5.2M	4.7M	4.4M
Non Current Assets Total	515.5M	412.6M	372.8M	294.6M	265.2M	251.9M
Non Currrent Assets Other	5.4M	10.4M	16.1M	6.8M	7.8M	8.2M
Other Assets	1.3M	26.2M	5.4M	5.6M	5.0M	9.6M
Long Term Debt	142.6M	102.5M	65.6M	43.3M	39.0M	37.0M
Cash And Short Term Investments	6.3M	8.0M	3.3M	5.2M	4.7M	4.4M
Net Receivables	114.9M	119.8M	143.2M	89.0M	80.1M	89.5M
Good Will	8.2M	7.7M	7.7M	7.0M	6.3M	6.0M
Non Current Liabilities Total	172.7M	134.2M	110.8M	75.4M	67.9M	64.5M
Inventory	6.5M	6.9M	7.0M	7.5M	6.8M	7.6M
Other Current Assets	29.6M	18.9M	21.7M	8.7M	10.0M	9.5M
Other Stockholder Equity	1.6B	1.6B	1.6B	1.6B	1.9B	1.3B
Total Liab	309.6M	262.5M	225.0M	168.1M	151.3M	143.7M
Total Current Assets	157.2M	153.5M	175.2M	110.5M	99.4M	157.6M
Short Term Debt	34.8M	28.4M	3.8M	3.6M	3.3M	3.1M
Intangible Assets	93.6M	81.7M	78.0M	66.5M	76.5M	81.3M
Common Stock	(6.9M)	(8.1M)	(9.1M)	(10.1M)	(9.1M)	(8.7M)
Property Plant Equipment	590.3M	486.9M	408.3M	301.9M	271.7M	258.1M
Short Long Term Debt Total	192.9M	143.7M	79.2M	55.8M	50.2M	47.7M
Current Deferred Revenue	18.5M	991K	4.8M	2.5M	2.3M	2.1M
Liabilities And Stockholders Equity	672.7M	566.2M	548.1M	405.1M	364.6M	346.3M
Property Plant And Equipment Gross	408.3M	317.6M	1.5B	1.4B	1.3B	696.6M
Accumulated Other Comprehensive Income	(361.9M)	(385.2M)	(380.7M)	(404.6M)	(364.1M)	(382.3M)
Net Tangible Assets	210.0M	206.2M	197.7M	210.7M	189.6M	297.5M
Retained Earnings	(913.0M)	(930.1M)	(919.0M)	(980.7M)	(882.6M)	(926.8M)
Retained Earnings Total Equity	(771.6M)	(907.7M)	(913.0M)	(930.1M)	(837.1M)	(879.0M)
Long Term Debt Total	321.8M	214M	142.6M	102.5M	92.3M	87.6M
Capital Surpluse	1.6B	1.6B	1.6B	1.6B	1.9B	1.6B

Pair Trading with Civeo Corp

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 Civeo Corp 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 Civeo Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Civeo Stock

0.43	TKURF	Tokyu REIT	Pair Corr
0.36	CPRT	Copart Inc	Pair Corr

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

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

When determining whether Civeo Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Civeo Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Civeo Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Civeo Corp Stock:

How To Invest In Civeo

Details

Is Civeo Stock a good investment?

Details

What is Civeo Corp's Net Worth?

Details

Largest Commercial Services & Supplies Companies

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Largest Commercial & Professional Services Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Civeo 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.

To learn how to invest in Civeo Stock, please use our How to Invest in Civeo Corp guide.

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Is Commercial Services & Supplies 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 Civeo Corp. If investors know Civeo 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 Civeo Corp 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

0.878

Dividend Share

0.5

Earnings Share

(2.09)

Revenue Per Share

47.551

Quarterly Revenue Growth

(0.03)

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

Accounts Payable vs Other Current Assets

Accounts Payable vs Other Current Assets Correlation Analysis

Correlation Coefficient

Accounts Payable

Other Current Assets

Civeo Corp fundamental ratios Correlations

Civeo Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Civeo Corp fundamental ratios Accounts

Pair Trading with Civeo Corp

Moving against Civeo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.99	Long Term Debt
Total Liab	+ 0.99	Long Term Debt
Total Stockholder Equity	+ 0.98	Total Assets

Other Stockholder Equity	- 0.95	Inventory
Common Stock	- 0.94	Other Stockholder Equity
Other Stockholder Equity	- 0.9	Total Stockholder Equity
Non Currrent Assets Other	- 0.89	Other Current Liab
Other Stockholder Equity	- 0.83	Good Will
Good Will	- 0.83	Non Currrent Assets Other