SBM Non Current Assets Total vs Accounts Payable Analysis
| 0NIS Stock | 17.15 0.02 0.12% |
SBM Offshore financial indicator trend analysis is much more than just breaking down SBM Offshore NV prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SBM Offshore NV is a good investment. Please check the relationship between SBM Offshore Non Current Assets Total and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SBM Offshore NV. 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.
Non Current Assets Total vs Accounts Payable
Non Current Assets Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SBM Offshore NV Non Current Assets Total account and Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between SBM Offshore's Non Current Assets Total and Accounts Payable is -0.52. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of SBM Offshore NV, assuming nothing else is changed. The correlation between historical values of SBM Offshore's Non Current Assets Total and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of SBM Offshore NV are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Assets Total i.e., SBM Offshore's Non Current Assets Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.52 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Accounts Payable
An accounting item on the balance sheet that represents SBM Offshore obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of SBM Offshore NV are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from SBM Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SBM Offshore NV 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 SBM Offshore NV. 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 expected to rise to about (23.8 M) this year. The value of Selling General Administrative is expected to slide to about 194.4 M
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 922M | 1.2B | 1.4B | 1.1B | Total Revenue | 3.7B | 4.9B | 5.0B | 3.9B |
SBM Offshore fundamental ratios Correlations
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SBM Offshore Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SBM Offshore fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 10.3B | 11.1B | 13.2B | 15.9B | 17.2B | 13.9B | |
| Other Current Liab | 873M | 1.1B | 1.2B | 1.7B | 1M | 950K | |
| Total Current Liabilities | 1.7B | 2.6B | 3.2B | 3.6B | 2.8B | 2.9B | |
| Total Stockholder Equity | 2.7B | 2.6B | 2.6B | 3.4B | 3.7B | 3.2B | |
| Other Liab | 617M | 664M | 549M | 499M | 449.1M | 459.2M | |
| Net Tangible Assets | 2.7B | 2.5B | 2.5B | 3.3B | 3.8B | 3.0B | |
| Net Debt | 4.2B | 5.1B | 6.6B | 7.8B | 8.7B | 6.4B | |
| Retained Earnings | 1.9B | 1.8B | 1.9B | 2.2B | 2.5B | 2.1B | |
| Accounts Payable | 143M | 131M | 151M | 204M | 254M | 176.2M | |
| Cash | 506M | 414M | 1.0B | 682M | 543M | 523.2M | |
| Non Current Assets Total | 7.9B | 7.2B | 6.8B | 6.8B | 7.8B | 6.0B | |
| Other Assets | 6.6B | 6.4B | 6.0B | 6.1B | 5.5B | 5.0B | |
| Long Term Debt | 4.2B | 4.3B | 5.9B | 6.8B | 8.1B | 5.9B | |
| Net Receivables | 1.7B | 3.1B | 5.2B | 8.1B | 200M | 190M | |
| Common Stock Shares Outstanding | 198.7M | 188.7M | 180.7M | 178.1M | 179.0M | 152.4M | |
| Non Current Liabilities Total | 4.9B | 5.1B | 6.5B | 7.4B | 8.8B | 6.6B | |
| Inventory | 8M | 143M | 14M | 25M | 148M | 155.4M | |
| Other Current Assets | 38M | 99M | 56M | 144M | 3M | 2.9M | |
| Other Stockholder Equity | (238M) | (296M) | (347M) | 205M | 235.8M | 247.5M | |
| Total Liab | 6.7B | 7.6B | 9.7B | 11.0B | 11.6B | 9.5B | |
| Net Invested Capital | 7.5B | 8.1B | 10.2B | 11.9B | 12.9B | 10.3B | |
| Short Long Term Debt | 580M | 1.2B | 1.8B | 1.7B | 1.1B | 1.3B | |
| Total Current Assets | 2.4B | 3.8B | 6.4B | 9.1B | 9.4B | 5.7B | |
| Net Working Capital | 648M | 1.3B | 3.2B | 5.5B | 6.6B | 6.9B | |
| Intangible Assets | 23M | 50M | 86M | 117M | 153M | 160.7M | |
| Common Stock | 56M | 58M | 51M | 48M | 43.2M | 44.5M | |
| Property Plant Equipment | 1.0B | 542M | 396M | 314M | 282.6M | 268.5M | |
| Capital Lease Obligations | 173M | 71M | 56M | 46M | 85M | 82.5M | |
| Capital Stock | 56M | 58M | 51M | 48M | 50M | 42.9M | |
| Non Current Liabilities Other | 123M | 102M | 133M | 127M | 96M | 106.7M |
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Balance Sheet is a snapshot of the financial position of SBM Offshore NV at a specified time, usually calculated after every quarter, six months, or one year. SBM Offshore Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SBM Offshore and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which SBM currently owns. An asset can also be divided into two categories, current and non-current.