ONEOK Net Debt vs Cash And Short Term Investments Analysis

0KCI Stock

99.85 1.61 1.64%

ONEOK financial indicator trend analysis is much more than just breaking down ONEOK Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ONEOK Inc is a good investment. Please check the relationship between ONEOK Net Debt and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. 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.

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ONEOK Inc Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak relationship.

The correlation between ONEOK's Net Debt and Cash And Short Term Investments is 0.39. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of ONEOK Inc, assuming nothing else is changed. The correlation between historical values of ONEOK's Net Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of ONEOK Inc are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., ONEOK's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.39

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of ONEOK Inc balance sheet. This account contains ONEOK investments that will expire within one year. These investments include stocks and bonds that can be liquidated by ONEOK Inc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from ONEOK's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ONEOK Inc 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 ONEOK Inc. 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 317.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 13.2 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	3.7B	3.9B	5.0B	5.2B
Total Revenue	16.5B	22.4B	17.7B	18.6B

Gross Profit Total Revenue

ONEOK fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Stockholder Equity	Current Deferred Revenue	Good Will	Short Term Investments
Common Stock Shares Outstanding		0.82	0.88	0.58	0.34	0.84	0.88	0.88	-0.26	0.44	0.24	0.83	-0.01	0.22	0.44	0.85	0.68	0.17	0.84	0.49	-0.16	-0.43	0.89	0.27	0.54	-0.4
Total Assets	0.82		0.98	0.74	0.48	0.93	0.99	0.98	0.07	0.49	0.43	1.0	0.09	0.42	0.55	0.99	0.64	0.43	0.99	0.61	0.0	-0.46	0.92	0.08	0.87	-0.46
Short Long Term Debt Total	0.88	0.98		0.69	0.43	0.9	1.0	1.0	-0.08	0.44	0.43	0.98	-0.03	0.41	0.5	0.99	0.6	0.32	0.99	0.56	-0.03	-0.49	0.91	0.13	0.79	-0.52
Other Current Liab	0.58	0.74	0.69		0.8	0.65	0.7	0.69	0.41	0.84	0.41	0.72	0.14	0.43	0.88	0.71	0.89	0.69	0.75	0.91	0.18	-0.58	0.59	0.08	0.58	-0.41
Total Current Liabilities	0.34	0.48	0.43	0.8		0.32	0.44	0.43	0.38	0.89	0.2	0.45	-0.11	0.23	0.9	0.44	0.69	0.7	0.52	0.83	0.69	-0.73	0.26	0.21	0.26	-0.53
Total Stockholder Equity	0.84	0.93	0.9	0.65	0.32		0.93	0.9	0.02	0.39	0.28	0.94	0.31	0.27	0.44	0.89	0.66	0.31	0.89	0.5	-0.18	-0.23	0.99	0.06	0.89	-0.22
Property Plant And Equipment Net	0.88	0.99	1.0	0.7	0.44	0.93		1.0	-0.06	0.45	0.39	0.99	0.02	0.38	0.5	0.99	0.62	0.34	0.99	0.56	-0.04	-0.46	0.93	0.13	0.82	-0.49
Net Debt	0.88	0.98	1.0	0.69	0.43	0.9	1.0		-0.1	0.44	0.4	0.98	-0.03	0.39	0.5	0.99	0.6	0.31	0.99	0.55	-0.03	-0.49	0.91	0.13	0.79	-0.52
Retained Earnings	-0.26	0.07	-0.08	0.41	0.38	0.02	-0.06	-0.1		0.47	0.32	0.03	0.5	0.37	0.5	0.0	0.34	0.75	0.05	0.54	0.11	-0.15	-0.14	-0.18	0.18	0.07
Accounts Payable	0.44	0.49	0.44	0.84	0.89	0.39	0.45	0.44	0.47		0.17	0.45	0.14	0.19	0.94	0.45	0.84	0.68	0.51	0.88	0.35	-0.71	0.32	0.2	0.23	-0.52
Cash	0.24	0.43	0.43	0.41	0.2	0.28	0.39	0.4	0.32	0.17		0.41	-0.06	1.0	0.33	0.47	0.24	0.45	0.47	0.54	-0.05	-0.29	0.24	0.03	0.31	-0.36
Non Current Assets Total	0.83	1.0	0.98	0.72	0.45	0.94	0.99	0.98	0.03	0.45	0.41		0.08	0.39	0.51	0.99	0.61	0.4	0.99	0.57	-0.02	-0.44	0.92	0.07	0.87	-0.46
Non Currrent Assets Other	-0.01	0.09	-0.03	0.14	-0.11	0.31	0.02	-0.03	0.5	0.14	-0.06	0.08		-0.05	0.04	-0.01	0.25	0.22	-0.01	0.09	-0.41	0.21	0.23	-0.5	0.33	0.31
Cash And Short Term Investments	0.22	0.42	0.41	0.43	0.23	0.27	0.38	0.39	0.37	0.19	1.0	0.39	-0.05		0.35	0.46	0.26	0.5	0.46	0.56	-0.02	-0.3	0.22	0.03	0.31	-0.33
Net Receivables	0.44	0.55	0.5	0.88	0.9	0.44	0.5	0.5	0.5	0.94	0.33	0.51	0.04	0.35		0.52	0.84	0.71	0.58	0.96	0.37	-0.63	0.36	0.29	0.31	-0.48
Non Current Liabilities Total	0.85	0.99	0.99	0.71	0.44	0.89	0.99	0.99	0.0	0.45	0.47	0.99	-0.01	0.46	0.52		0.61	0.38	1.0	0.59	-0.04	-0.49	0.89	0.12	0.8	-0.51
Inventory	0.68	0.64	0.6	0.89	0.69	0.66	0.62	0.6	0.34	0.84	0.24	0.61	0.25	0.26	0.84	0.61		0.55	0.64	0.86	0.03	-0.46	0.61	0.24	0.44	-0.25
Other Current Assets	0.17	0.43	0.32	0.69	0.7	0.31	0.34	0.31	0.75	0.68	0.45	0.4	0.22	0.5	0.71	0.38	0.55		0.44	0.78	0.35	-0.47	0.19	0.07	0.37	-0.19
Total Liab	0.84	0.99	0.99	0.75	0.52	0.89	0.99	0.99	0.05	0.51	0.47	0.99	-0.01	0.46	0.58	1.0	0.64	0.44		0.64	0.04	-0.53	0.88	0.13	0.8	-0.53
Total Current Assets	0.49	0.61	0.56	0.91	0.83	0.5	0.56	0.55	0.54	0.88	0.54	0.57	0.09	0.56	0.96	0.59	0.86	0.78	0.64		0.25	-0.61	0.42	0.25	0.39	-0.45
Short Term Debt	-0.16	0.0	-0.03	0.18	0.69	-0.18	-0.04	-0.03	0.11	0.35	-0.05	-0.02	-0.41	-0.02	0.37	-0.04	0.03	0.35	0.04	0.25		-0.46	-0.2	0.13	-0.1	-0.33
Common Stock	-0.43	-0.46	-0.49	-0.58	-0.73	-0.23	-0.46	-0.49	-0.15	-0.71	-0.29	-0.44	0.21	-0.3	-0.63	-0.49	-0.46	-0.47	-0.53	-0.61	-0.46		-0.22	-0.07	-0.09	0.86
Other Stockholder Equity	0.89	0.92	0.91	0.59	0.26	0.99	0.93	0.91	-0.14	0.32	0.24	0.92	0.23	0.22	0.36	0.89	0.61	0.19	0.88	0.42	-0.2	-0.22		0.08	0.84	-0.23
Current Deferred Revenue	0.27	0.08	0.13	0.08	0.21	0.06	0.13	0.13	-0.18	0.2	0.03	0.07	-0.5	0.03	0.29	0.12	0.24	0.07	0.13	0.25	0.13	-0.07	0.08		-0.12	-0.06
Good Will	0.54	0.87	0.79	0.58	0.26	0.89	0.82	0.79	0.18	0.23	0.31	0.87	0.33	0.31	0.31	0.8	0.44	0.37	0.8	0.39	-0.1	-0.09	0.84	-0.12		-0.11
Short Term Investments	-0.4	-0.46	-0.52	-0.41	-0.53	-0.22	-0.49	-0.52	0.07	-0.52	-0.36	-0.46	0.31	-0.33	-0.48	-0.51	-0.25	-0.19	-0.53	-0.45	-0.33	0.86	-0.23	-0.06	-0.11

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ONEOK Account Relationship Matchups

ONEOK fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	415.4M	431.8M	447.4M	448.4M	485.4M	509.7M
Total Assets	21.8B	23.1B	23.6B	24.4B	44.3B	46.5B
Short Long Term Debt Total	12.7B	14.3B	13.7B	13.7B	21.8B	22.9B
Other Current Liab	488.8M	512.4M	697.0M	619.6M	1.2B	635.8M
Total Current Liabilities	2.0B	1.3B	3.2B	3.1B	3.5B	2.5B
Total Stockholder Equity	6.2B	6.0B	6.0B	6.5B	16.5B	17.3B
Property Plant And Equipment Net	18.3B	19.2B	19.3B	20.0B	32.7B	34.3B
Net Debt	12.7B	13.8B	13.6B	13.5B	21.4B	22.5B
Accounts Payable	1.2B	719.3M	1.3B	1.4B	1.6B	1.0B
Cash	21.0M	524.5M	146.4M	220.2M	338M	354.9M
Non Current Assets Total	20.3B	21.2B	21.2B	21.8B	41.2B	43.2B
Non Currrent Assets Other	(362.7M)	(669.2B)	(1.2T)	(1.7T)	319M	335.0M
Cash And Short Term Investments	21.0M	524.5M	146.4M	220.2M	338M	354.9M
Net Receivables	835.1M	829.8M	1.4B	1.5B	1.7B	1.1B
Liabilities And Stockholders Equity	21.8B	23.1B	23.6B	24.4B	44.3B	46.5B
Non Current Liabilities Total	13.6B	15.7B	14.4B	14.8B	24.3B	25.5B
Inventory	506.7M	371.0M	580.9M	580.7M	787M	462.1M
Other Current Assets	107.6M	144.5M	205.3M	214.5M	278M	286.0M
Total Liab	15.6B	17.0B	17.6B	17.9B	27.8B	29.2B
Total Current Assets	1.5B	1.9B	2.4B	2.5B	3.1B	2.1B
Short Term Debt	321.6M	23.4M	1.1B	937M	507M	797.8M
Other Stockholder Equity	6.6B	6.6B	6.5B	6.5B	15.6B	16.4B
Accumulated Other Comprehensive Income	(374M)	(551.4M)	(471.4M)	(108.3M)	(33M)	(34.7M)
Current Deferred Revenue	190.8M	334.6M	333.1M	1.7T	104M	98.8M
Intangible Assets	276.8M	246.1M	235.7M	225.3M	1.3B	1.4B
Other Assets	157.7M	375.1M	276.9M	241.3M	217.2M	206.3M
Long Term Debt	8.1B	8.9B	12.5B	14.2B	16.4B	11.4B
Capital Surpluse	6.6B	7.6B	7.4B	7.4B	8.5B	6.6B
Treasury Stock	(876.7M)	(851.8M)	(808.4M)	(764.3M)	(878.9M)	(922.9M)
Other Liab	936.5M	1.2B	1.6B	2.1B	2.4B	1.2B
Net Tangible Assets	5.3B	5.3B	5.3B	5.7B	6.6B	5.8B
Property Plant Equipment	18.4B	19.3B	19.4B	20.0B	23.0B	19.2B

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ONEOK Net Debt vs Cash And Short Term Investments Analysis

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Short Term Investments

ONEOK fundamental ratios Correlations

ONEOK Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ONEOK fundamental ratios Accounts

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Additional Tools for ONEOK Stock Analysis

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Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total

Common Stock	- 0.73	Total Current Liabilities
Common Stock	- 0.71	Accounts Payable
Common Stock	- 0.63	Net Receivables
Common Stock	- 0.61	Total Current Assets
Common Stock	- 0.58	Other Current Liab
Short Term Investments	- 0.53	Total Liab