| 0G2Z Stock | | | 41.20 0.00 0.00% |
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 Long Term Debt 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.
Long Term Debt vs Cash
Long Term Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Solstad Offshore ASA Long Term Debt account and
Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Solstad Offshore's Long Term Debt and Cash is 0.61. Overlapping area represents the amount of variation of Long Term Debt 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 Long Term Debt 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 Long Term Debt 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 Long Term Debt i.e., Solstad Offshore's Long Term Debt and Cash go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that Solstad Offshore ASA has held for over one year. Long-term debt appears on Solstad Offshore ASA balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Solstad Offshore ASA balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
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
Solstad Offshore fundamental ratios Correlations
Click cells to compare fundamentals
Solstad Offshore Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Solstad Offshore fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Solstad Stock Analysis
When running Solstad Offshore's price analysis, check to
measure Solstad Offshore's 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 Solstad Offshore is operating at the current time. Most of Solstad Offshore's value examination focuses on studying past and present price action to
predict the probability of Solstad Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solstad Offshore's price. Additionally, you may evaluate how the addition of Solstad Offshore to your portfolios can decrease your overall portfolio volatility.