CNOOC Non Currrent Assets Other vs Non Current Assets Total Analysis
| 600938 Stock | 26.18 0.16 0.61% |
CNOOC financial indicator trend analysis is way more than just evaluating CNOOC Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CNOOC Limited is a good investment. Please check the relationship between CNOOC Non Currrent Assets Other and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNOOC Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Non Currrent Assets Other vs Non Current Assets Total
Non Currrent Assets Other vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CNOOC Limited Non Currrent Assets Other account and Non Current Assets Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between CNOOC's Non Currrent Assets Other and Non Current Assets Total is -0.65. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of CNOOC Limited, assuming nothing else is changed. The correlation between historical values of CNOOC's Non Currrent Assets Other and Non Current Assets Total 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 Currrent Assets Other of CNOOC Limited are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Non Currrent Assets Other i.e., CNOOC's Non Currrent Assets Other and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | -0.65 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.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.Most indicators from CNOOC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CNOOC Limited 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 CNOOC Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. The current year's Issuance Of Capital Stock is expected to grow to about 38.8 B, whereas Tax Provision is forecasted to decline to about 31.1 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.2B | 3.1B | 2.4B | 2.9B | Interest Income | 1.3B | 3.0B | 3.4B | 1.9B |
CNOOC fundamental ratios Correlations
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CNOOC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in CNOOC Stock
Balance Sheet is a snapshot of the financial position of CNOOC Limited at a specified time, usually calculated after every quarter, six months, or one year. CNOOC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CNOOC 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 CNOOC currently owns. An asset can also be divided into two categories, current and non-current.