Baker Other Current Liab vs Net Tangible Assets Analysis
BKR Stock | USD 37.49 0.40 1.08% |
Baker Hughes financial indicator trend analysis is way more than just evaluating Baker Hughes prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Baker Hughes is a good investment. Please check the relationship between Baker Hughes Other Current Liab and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baker Hughes Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
Other Current Liab vs Net Tangible Assets
Other Current Liab vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Baker Hughes Other Current Liab account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Baker Hughes' Other Current Liab and Net Tangible Assets is -0.22. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Baker Hughes Co, assuming nothing else is changed. The correlation between historical values of Baker Hughes' Other Current Liab and Net Tangible 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 Other Current Liab of Baker Hughes Co are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Other Current Liab i.e., Baker Hughes' Other Current Liab and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | -0.22 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Current Liab
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Baker Hughes' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Baker Hughes 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 Baker Hughes Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. As of 10/31/2024, Selling General Administrative is likely to grow to about 2.8 B, while Tax Provision is likely to drop slightly above 463.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 20.5B | 21.2B | 25.5B | 22.1B | Depreciation And Amortization | 1.1B | 1.1B | 1.1B | 1.1B |
Baker Hughes fundamental ratios Correlations
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Baker Hughes Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Baker Hughes fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 53.4B | 38.0B | 35.3B | 34.2B | 36.9B | 43.0B | |
Short Long Term Debt Total | 6.6B | 7.6B | 6.7B | 6.7B | 6.0B | 6.9B | |
Other Current Liab | 2.6B | 2.4B | 2.1B | 2.3B | 2.8B | 2.2B | |
Total Current Liabilities | 10.0B | 10.2B | 9.2B | 11.1B | 13.0B | 10.2B | |
Total Stockholder Equity | 34.5B | 18.2B | 16.7B | 14.5B | 15.4B | 18.8B | |
Other Liab | 1.9B | 2.8B | 2.7B | 2.0B | 2.3B | 2.5B | |
Net Tangible Assets | (4.1B) | 12.9B | 6.7B | 14.4B | 16.6B | 17.4B | |
Property Plant And Equipment Net | 6.2B | 5.4B | 4.9B | 4.5B | 4.9B | 5.4B | |
Net Debt | 3.4B | 3.5B | 2.9B | 4.2B | 3.4B | 2.5B | |
Retained Earnings | 0.0 | (9.9B) | (10.2B) | (10.8B) | (8.8B) | (8.4B) | |
Accounts Payable | 4.3B | 3.5B | 3.7B | 4.3B | 4.5B | 3.8B | |
Cash | 3.2B | 4.1B | 3.9B | 2.5B | 2.6B | 3.6B | |
Non Current Assets Total | 38.1B | 21.6B | 20.3B | 19.6B | 20.6B | 20.0B | |
Non Currrent Assets Other | 4.0B | 3.8B | 3.7B | 4.3B | 3.0B | 3.3B | |
Other Assets | 5.0B | 5.8B | 5.3B | 4.2B | 1M | 950K | |
Long Term Debt | 6.3B | 6.7B | 6.7B | 6.0B | 5.9B | 6.2B | |
Cash And Short Term Investments | 3.2B | 4.1B | 3.9B | 2.5B | 2.6B | 3.6B | |
Net Receivables | 6.4B | 5.6B | 5.7B | 6.0B | 7.1B | 5.8B | |
Good Will | 20.7B | 6.0B | 6.0B | 5.9B | 6.1B | 8.8B | |
Common Stock Shares Outstanding | 557M | 675M | 824M | 987M | 1.0B | 706.2M | |
Long Term Debt Total | 6.3B | 6.7B | 6.7B | 6.0B | 6.9B | 6.2B | |
Liabilities And Stockholders Equity | 53.4B | 38.0B | 35.3B | 34.2B | 36.9B | 42.2B | |
Non Current Liabilities Total | 8.9B | 9.6B | 9.4B | 8.6B | 8.4B | 8.1B | |
Capital Surpluse | 23.6B | 24.6B | 27.4B | 28.1B | 32.3B | 20.9B | |
Inventory | 4.6B | 4.4B | 4.0B | 4.6B | 5.1B | 4.7B | |
Other Current Assets | 949M | 2.3B | 1.6B | 1.6B | 1.5B | 1.4B | |
Other Stockholder Equity | 36.1B | 30.0B | 29.3B | 27.3B | 27.0B | 23.5B | |
Total Liab | 18.9B | 19.8B | 18.6B | 19.7B | 21.4B | 18.2B | |
Deferred Long Term Liab | 181M | 186M | 127M | 229M | 206.1M | 173.7M | |
Short Long Term Debt | 321M | 889M | 40M | 677M | 148M | 140.6M | |
Total Current Assets | 15.2B | 16.5B | 15.1B | 14.6B | 16.3B | 15.5B | |
Accumulated Other Comprehensive Income | (1.6B) | (1.8B) | (2.4B) | (3.0B) | (2.8B) | (2.9B) | |
Short Term Debt | 321M | 889M | 40M | 677M | 148M | 140.6M | |
Intangible Assets | 5.4B | 4.4B | 4.1B | 4.2B | 4.1B | 4.8B | |
Common Stock | 34.5B | 18.2B | 16.7B | 1.0B | 905.4M | 860.1M | |
Property Plant Equipment | 7.1B | 5.4B | 4.9B | 4.5B | 4.1B | 4.4B | |
Current Deferred Revenue | 2.9B | 3.5B | 3.3B | 3.8B | 5.5B | 3.3B | |
Property Plant And Equipment Gross | 6.2B | 5.4B | 4.9B | 4.5B | 10.6B | 6.5B | |
Non Current Liabilities Other | 1.4B | 2.6B | 1.6B | 1.6B | 1.4B | 1.5B |
Pair Trading with Baker Hughes
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 Baker Hughes 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 Baker Hughes will appreciate offsetting losses from the drop in the long position's value.Moving together with Baker Stock
Moving against Baker Stock
The ability to find closely correlated positions to Baker Hughes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baker Hughes 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 Baker Hughes - 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 Baker Hughes Co to buy it.
The correlation of Baker Hughes 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 Baker Hughes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baker Hughes 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 Baker Hughes 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.Additional Tools for Baker Stock Analysis
When running Baker Hughes' price analysis, check to measure Baker Hughes' 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 Baker Hughes is operating at the current time. Most of Baker Hughes' value examination focuses on studying past and present price action to predict the probability of Baker Hughes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baker Hughes' price. Additionally, you may evaluate how the addition of Baker Hughes to your portfolios can decrease your overall portfolio volatility.