BDX Stock | | | USD 227.17 4.05 1.75% |
Becton Dickinson financial indicator trend analysis is way more than just evaluating Becton Dickinson prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Becton Dickinson is a good investment. Please check the relationship between Becton Dickinson Cash and its Property Plant And Equipment Net accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Becton Dickinson and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
Cash vs Property Plant And Equipment Net
Cash vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Becton Dickinson Cash account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Becton Dickinson's Cash and Property Plant And Equipment Net is -0.01. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Becton Dickinson and, assuming nothing else is changed. The correlation between historical values of Becton Dickinson's Cash and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Becton Dickinson and are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Cash i.e., Becton Dickinson's Cash and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.01 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Becton Dickinson, which is listed under current asset account on Becton Dickinson and balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Becton Dickinson customers. The amounts must be unrestricted with restricted cash listed in a different Becton Dickinson 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.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Becton Dickinson's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Becton Dickinson 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 Becton Dickinson and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
At this time, Becton Dickinson's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 172.7
M in 2024, despite the fact that
Discontinued Operations is likely to grow to (39.3
M).
Becton Dickinson fundamental ratios Correlations
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Becton Dickinson Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Becton Dickinson fundamental ratios Accounts
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