Solstad Intangible Assets vs Cash Analysis

0G2Z Stock   39.22  0.28  0.71%   
Solstad Offshore financial indicator trend analysis is much more than just breaking down Solstad Offshore ASA prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solstad Offshore ASA is a good investment. Please check the relationship between Solstad Offshore Intangible Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Solstad Offshore ASA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Intangible Assets vs Cash

Intangible Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solstad Offshore ASA Intangible Assets account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Solstad Offshore's Intangible Assets and Cash is -0.3. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Solstad Offshore ASA, assuming nothing else is changed. The correlation between historical values of Solstad Offshore's Intangible Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Solstad Offshore ASA are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Intangible Assets i.e., Solstad Offshore's Intangible Assets and Cash go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Cash

Cash refers to the most liquid asset of Solstad Offshore ASA, which is listed under current asset account on Solstad Offshore ASA balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Solstad Offshore customers. The amounts must be unrestricted with restricted cash listed in a different Solstad Offshore 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.
Most indicators from Solstad Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solstad Offshore ASA 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 Solstad Offshore ASA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Tax Provision is likely to gain to about (3.8 M) in 2024. Selling General Administrative is likely to drop to about 1.9 B in 2024
 2019 2023 2024 (projected)
Gross Profit5.2B6.0B4.5B
Total Revenue5.2B5.8B4.7B

Solstad Offshore fundamental ratios Correlations

-0.140.46-0.20.04-0.57-0.090.040.760.090.120.820.53-0.320.920.49-0.670.640.540.790.07-0.41-0.53-0.23-0.19
-0.14-0.820.820.42-0.320.970.42-0.210.4-0.13-0.110.050.56-0.460.130.220.28-0.26-0.08-0.10.330.830.670.55
0.46-0.82-0.92-0.520.18-0.82-0.520.36-0.10.470.32-0.15-0.750.74-0.11-0.560.240.710.610.13-0.25-0.92-0.88-0.67
-0.20.82-0.920.69-0.40.880.69-0.10.35-0.58-0.030.340.6-0.550.350.28-0.08-0.67-0.4-0.150.080.850.960.66
0.040.42-0.520.69-0.730.611.00.470.3-0.840.490.630.49-0.270.84-0.08-0.3-0.68-0.28-0.07-0.530.340.790.84
-0.57-0.320.18-0.4-0.73-0.48-0.73-0.73-0.060.6-0.81-0.76-0.44-0.31-0.850.52-0.080.24-0.240.210.740.05-0.47-0.66
-0.090.97-0.820.880.61-0.480.61-0.050.44-0.310.040.20.59-0.450.320.110.2-0.37-0.1-0.130.140.790.770.67
0.040.42-0.520.691.0-0.730.610.470.3-0.840.490.630.49-0.270.84-0.08-0.3-0.68-0.28-0.07-0.530.340.790.84
0.76-0.210.36-0.10.47-0.73-0.050.470.07-0.330.980.78-0.090.650.87-0.620.170.110.450.3-0.75-0.57-0.020.22
0.090.4-0.10.350.3-0.060.440.30.070.050.13-0.12-0.41-0.120.16-0.320.470.130.350.090.230.330.23-0.08
0.12-0.130.47-0.58-0.840.6-0.31-0.84-0.330.05-0.32-0.64-0.560.31-0.680.010.660.880.540.240.67-0.22-0.76-0.76
0.82-0.110.32-0.030.49-0.810.040.490.980.13-0.320.77-0.060.680.87-0.690.260.140.520.16-0.75-0.510.030.24
0.530.05-0.150.340.63-0.760.20.630.78-0.12-0.640.770.340.320.88-0.24-0.09-0.34-0.020.22-0.67-0.180.430.49
-0.320.56-0.750.60.49-0.440.590.49-0.09-0.41-0.56-0.060.34-0.490.260.38-0.45-0.68-0.56-0.2-0.20.490.660.86
0.92-0.460.74-0.55-0.27-0.31-0.45-0.270.65-0.120.310.680.32-0.490.25-0.670.540.690.80.07-0.38-0.78-0.56-0.44
0.490.13-0.110.350.84-0.850.320.840.870.16-0.680.870.880.260.25-0.38-0.07-0.330.090.16-0.74-0.140.450.61
-0.670.22-0.560.28-0.080.520.11-0.08-0.62-0.320.01-0.69-0.240.38-0.67-0.38-0.39-0.42-0.760.210.580.560.270.15
0.640.280.24-0.08-0.3-0.080.2-0.30.170.470.660.26-0.09-0.450.54-0.07-0.390.790.850.160.36-0.06-0.3-0.44
0.54-0.260.71-0.67-0.680.24-0.37-0.680.110.130.880.14-0.34-0.680.69-0.33-0.420.790.850.20.28-0.52-0.82-0.73
0.79-0.080.61-0.4-0.28-0.24-0.1-0.280.450.350.540.52-0.02-0.560.80.09-0.760.850.850.05-0.07-0.48-0.53-0.45
0.07-0.10.13-0.15-0.070.21-0.13-0.070.30.090.240.160.22-0.20.070.160.210.160.20.050.21-0.2-0.21-0.16
-0.410.33-0.250.08-0.530.740.14-0.53-0.750.230.67-0.75-0.67-0.2-0.38-0.740.580.360.28-0.070.210.51-0.13-0.44
-0.530.83-0.920.850.340.050.790.34-0.570.33-0.22-0.51-0.180.49-0.78-0.140.56-0.06-0.52-0.48-0.20.510.760.43
-0.230.67-0.880.960.79-0.470.770.79-0.020.23-0.760.030.430.66-0.560.450.27-0.3-0.82-0.53-0.21-0.130.760.75
-0.190.55-0.670.660.84-0.660.670.840.22-0.08-0.760.240.490.86-0.440.610.15-0.44-0.73-0.45-0.16-0.440.430.75
Click cells to compare fundamentals

Solstad Offshore Account Relationship Matchups

Solstad Offshore fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets36.1B31.6B29.8B26.1B30.0B32.1B
Short Long Term Debt Total28.6B4.2B4.5B17.1B15.4B11.5B
Total Current Liabilities29.1B4.6B4.0B4.1B3.7B3.5B
Total Stockholder Equity4.9B(853.1M)(3.8B)4.2B3.8B4.0B
Cash1.9B1.4B1.1B2.4B2.8B1.9B
Other Assets167.4M111.7M118.5M116.4M104.7M117.7M
Long Term Debt25.5B1.2B697.2M16.9B15.2B9.4B
Cash And Short Term Investments1.9B1.4B1.1B2.4B2.8B1.9B
Net Receivables1.5B1.2B1.2B2.0B2.3B1.5B
Short Term Investments11.7M11.9M8.2M11.1M10.0M8.5M
Inventory177.2M165.3M173.0M228.1M262.3M189.5M
Other Stockholder Equity1K981.7M946.8M1.5B1.7B1.8B
Total Liab31.2B32.5B33.7B21.8B25.1B30.4B
Total Current Assets2.8B3.9B4.1B4.8B5.5B4.0B
Intangible Assets412.6M210.4M70.0M13.1M11.8M11.2M
Property Plant Equipment26.4B22.0B20.7B21.0B18.9B19.1B
Other Current Liab866.1M337.0M290.1M1.5B1.3B680.7M
Other Liab90.1M37.9M43.2M32.8M29.5M28.0M
Net Tangible Assets(3.9B)4.2B3.1B1.8B2.0B1.6B
Retained Earnings(5.5B)(8.4B)3.0B1.9B2.2B2.3B
Accounts Payable97.4M339.2M532.4M552.1M634.9M429.7M

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