0RR8 Stock | | | 40.12 0.31 0.78% |
Baker Hughes financial indicator trend analysis is way more than just evaluating Baker Hughes prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Baker Hughes is a good investment. Please check the relationship between Baker Hughes Current Deferred Revenue and its Net Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Baker Hughes Co. 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.
Current Deferred Revenue vs Net Debt
Current Deferred Revenue vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Baker Hughes Current Deferred Revenue account and
Net Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Baker Hughes' Current Deferred Revenue and Net Debt is 0.9. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Debt in the same time period over historical financial statements of Baker Hughes Co, assuming nothing else is changed. The correlation between historical values of Baker Hughes' Current Deferred Revenue and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Baker Hughes Co are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Current Deferred Revenue i.e., Baker Hughes' Current Deferred Revenue and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
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.
Most indicators from Baker Hughes' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Baker Hughes 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 Baker Hughes Co. 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 drop to about 546.5
M in 2024.
Selling General Administrative is likely to drop to about 2.1
B in 2024
Baker Hughes fundamental ratios Correlations
Click cells to compare fundamentals
Baker Hughes Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Baker Hughes fundamental ratios Accounts
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Additional Tools for Baker Stock Analysis
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measure Baker Hughes' 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 Baker Hughes is operating at the current time. Most of Baker Hughes' value examination focuses on studying past and present price action to
predict the probability of Baker Hughes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baker Hughes' price. Additionally, you may evaluate how the addition of Baker Hughes to your portfolios can decrease your overall portfolio volatility.