Globalfoundries Retained Earnings vs Property Plant Equipment Analysis

GFS Stock

USD 42.41 0.32 0.76%

Globalfoundries financial indicator trend analysis is much more than just examining Globalfoundries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globalfoundries is a good investment. Please check the relationship between Globalfoundries Retained Earnings and its Property Plant Equipment accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globalfoundries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy Globalfoundries Stock please use our How to Invest in Globalfoundries guide.

Retained Earnings vs Property Plant Equipment

Retained Earnings vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globalfoundries Retained Earnings account and Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Globalfoundries' Retained Earnings and Property Plant Equipment is 0.81. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Globalfoundries, assuming nothing else is changed. The correlation between historical values of Globalfoundries' Retained Earnings and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Globalfoundries are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Retained Earnings i.e., Globalfoundries' Retained Earnings and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Property Plant Equipment

Most indicators from Globalfoundries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globalfoundries 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globalfoundries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy Globalfoundries Stock please use our How to Invest in Globalfoundries guide.At this time, Globalfoundries' Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 23.50 in 2024, whereas Selling General Administrative is likely to drop slightly above 442.9 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	108M	60M	101M	98.9M
Depreciation And Amortization	1.6B	1.6B	1.5B	1.7B

Interest Expense Depreciation And Amortization

Globalfoundries fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	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	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets
Common Stock Shares Outstanding		-0.39	0.05	-0.41	-0.37	-0.41	-0.15	-0.38	-0.43	-0.16	0.17	-0.32	0.15	-0.24	-0.42	-0.46	-0.5	0.04	-0.22	-0.27	0.15	-0.11	-0.17	0.05	0.03	-0.15
Total Assets	-0.39		-0.61	0.96	0.89	0.87	0.81	0.87	0.81	0.66	-0.69	0.51	-0.79	0.73	0.79	0.96	0.77	-0.22	0.84	-0.32	0.54	0.86	0.82	-0.79	0.7	0.0
Short Long Term Debt Total	0.05	-0.61		-0.75	-0.81	-0.22	-0.88	-0.24	-0.11	-0.8	0.97	0.27	0.94	-0.93	-0.05	-0.43	-0.09	0.69	-0.89	0.89	-0.92	-0.72	-0.84	0.91	-0.91	-0.55
Other Current Liab	-0.41	0.96	-0.75		0.97	0.74	0.86	0.73	0.7	0.73	-0.83	0.3	-0.88	0.86	0.65	0.89	0.65	-0.38	0.91	-0.43	0.61	0.83	0.88	-0.84	0.75	0.24
Total Current Liabilities	-0.37	0.89	-0.81	0.97		0.59	0.91	0.61	0.55	0.64	-0.9	0.09	-0.93	0.94	0.49	0.83	0.51	-0.33	0.95	-0.5	0.68	0.73	0.93	-0.85	0.79	0.42
Total Stockholder Equity	-0.41	0.87	-0.22	0.74	0.59		0.51	0.98	0.9	0.53	-0.31	0.85	-0.44	0.36	0.91	0.91	0.95	-0.09	0.53	0.06	0.18	0.73	0.46	-0.45	0.36	-0.34
Other Liab	-0.15	0.81	-0.88	0.86	0.91	0.51		0.59	0.33	0.71	-0.93	0.0	-0.98	0.94	0.29	0.74	0.4	-0.39	0.99	-0.71	0.88	0.78	0.89	-0.9	0.95	0.4
Net Tangible Assets	-0.38	0.87	-0.24	0.73	0.61	0.98	0.59		0.82	0.5	-0.35	0.79	-0.49	0.42	0.84	0.94	0.95	-0.02	0.6	0.03	0.25	0.7	0.47	-0.46	0.43	-0.27
Property Plant And Equipment Net	-0.43	0.81	-0.11	0.7	0.55	0.9	0.33	0.82		0.31	-0.19	0.8	-0.32	0.24	1.0	0.83	0.81	0.11	0.38	0.17	0.02	0.63	0.49	-0.41	0.21	-0.43
Current Deferred Revenue	-0.16	0.66	-0.8	0.73	0.64	0.53	0.71	0.5	0.31		-0.75	0.21	-0.74	0.7	0.29	0.53	0.46	-0.86	0.75	-0.63	0.68	0.84	0.56	-0.72	0.71	0.24
Net Debt	0.17	-0.69	0.97	-0.83	-0.9	-0.31	-0.93	-0.35	-0.19	-0.75		0.22	0.98	-0.99	-0.13	-0.57	-0.22	0.58	-0.95	0.79	-0.87	-0.69	-0.88	0.89	-0.91	-0.61
Retained Earnings	-0.32	0.51	0.27	0.3	0.09	0.85	0.0	0.79	0.8	0.21	0.22		0.08	-0.17	0.85	0.6	0.85	0.12	0.02	0.45	-0.27	0.41	-0.03	0.01	-0.11	-0.68
Accounts Payable	0.15	-0.79	0.94	-0.88	-0.93	-0.44	-0.98	-0.49	-0.32	-0.74	0.98	0.08		-0.97	-0.27	-0.68	-0.31	0.47	-0.99	0.77	-0.9	-0.79	-0.93	0.94	-0.96	-0.45
Cash	-0.24	0.73	-0.93	0.86	0.94	0.36	0.94	0.42	0.24	0.7	-0.99	-0.17	-0.97		0.18	0.64	0.3	-0.5	0.97	-0.69	0.82	0.66	0.88	-0.85	0.87	0.63
Non Current Assets Total	-0.42	0.79	-0.05	0.65	0.49	0.91	0.29	0.84	1.0	0.29	-0.13	0.85	-0.27	0.18		0.81	0.83	0.13	0.34	0.21	-0.02	0.61	0.43	-0.36	0.18	-0.49
Non Currrent Assets Other	-0.46	0.96	-0.43	0.89	0.83	0.91	0.74	0.94	0.83	0.53	-0.57	0.6	-0.68	0.64	0.81		0.87	-0.07	0.76	-0.11	0.38	0.73	0.7	-0.62	0.56	-0.02
Other Assets	-0.5	0.77	-0.09	0.65	0.51	0.95	0.4	0.95	0.81	0.46	-0.22	0.85	-0.31	0.3	0.83	0.87		-0.07	0.44	0.25	0.0	0.55	0.28	-0.24	0.19	-0.23
Long Term Debt	0.04	-0.22	0.69	-0.38	-0.33	-0.09	-0.39	-0.02	0.11	-0.86	0.58	0.12	0.47	-0.5	0.13	-0.07	-0.07		-0.44	0.59	-0.5	-0.49	-0.25	0.44	-0.45	-0.43
Cash And Short Term Investments	-0.22	0.84	-0.89	0.91	0.95	0.53	0.99	0.6	0.38	0.75	-0.95	0.02	-0.99	0.97	0.34	0.76	0.44	-0.44		-0.68	0.85	0.79	0.9	-0.9	0.93	0.43
Net Receivables	-0.27	-0.32	0.89	-0.43	-0.5	0.06	-0.71	0.03	0.17	-0.63	0.79	0.45	0.77	-0.69	0.21	-0.11	0.25	0.59	-0.68		-0.95	-0.6	-0.68	0.82	-0.87	-0.39
Good Will	0.15	0.54	-0.92	0.61	0.68	0.18	0.88	0.25	0.02	0.68	-0.87	-0.27	-0.9	0.82	-0.02	0.38	0.0	-0.5	0.85	-0.95		0.72	0.8	-0.9	0.98	0.36
Short Term Investments	-0.11	0.86	-0.72	0.83	0.73	0.73	0.78	0.7	0.63	0.84	-0.69	0.41	-0.79	0.66	0.61	0.73	0.55	-0.49	0.79	-0.6	0.72		0.77	-0.88	0.81	-0.12
Non Current Liabilities Total	-0.17	0.82	-0.84	0.88	0.93	0.46	0.89	0.47	0.49	0.56	-0.88	-0.03	-0.93	0.88	0.43	0.7	0.28	-0.25	0.9	-0.68	0.8	0.77		-0.95	0.88	0.28
Capital Lease Obligations	0.05	-0.79	0.91	-0.84	-0.85	-0.45	-0.9	-0.46	-0.41	-0.72	0.89	0.01	0.94	-0.85	-0.36	-0.62	-0.24	0.44	-0.9	0.82	-0.9	-0.88	-0.95		-0.95	-0.21
Inventory	0.03	0.7	-0.91	0.75	0.79	0.36	0.95	0.43	0.21	0.71	-0.91	-0.11	-0.96	0.87	0.18	0.56	0.19	-0.45	0.93	-0.87	0.98	0.81	0.88	-0.95		0.31
Other Current Assets	-0.15	0.0	-0.55	0.24	0.42	-0.34	0.4	-0.27	-0.43	0.24	-0.61	-0.68	-0.45	0.63	-0.49	-0.02	-0.23	-0.43	0.43	-0.39	0.36	-0.12	0.28	-0.21	0.31

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Globalfoundries Account Relationship Matchups

Globalfoundries fundamental ratios Accounts

		2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding		1.0B	1B	505.8M	552M	556M	553.8M

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