Owens Total Liab vs Total Stockholder Equity Analysis

OC Stock  USD 205.62  0.52  0.25%   
Owens Corning financial indicator trend analysis is much more than just breaking down Owens Corning prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Owens Corning is a good investment. Please check the relationship between Owens Corning Total Liab and its Total Stockholder Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.

Total Liab vs Total Stockholder Equity

Total Liab vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Owens Corning Total Liab account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Owens Corning's Total Liab and Total Stockholder Equity is 0.77. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Owens Corning, assuming nothing else is changed. The correlation between historical values of Owens Corning's Total Liab and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Owens Corning are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Liab i.e., Owens Corning's Total Liab and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Owens Corning's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Owens Corning 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.At present, Owens Corning's Enterprise Value is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Gross Profit2.2B2.6B2.7B2.8B
Total Revenue8.5B9.8B9.7B5.5B

Owens Corning fundamental ratios Correlations

0.820.110.80.850.980.470.670.420.960.190.420.910.530.780.950.020.180.820.630.070.740.950.75-0.8-0.8
0.820.130.770.480.850.660.550.380.74-0.060.380.860.10.730.83-0.23-0.130.790.520.030.830.890.57-0.37-0.36
0.110.130.480.11-0.01-0.340.430.58-0.080.460.580.29-0.30.220.240.22-0.510.360.560.360.490.0-0.230.030.03
0.80.770.480.630.740.080.840.780.620.40.780.9-0.010.670.83-0.1-0.390.850.840.460.950.690.37-0.42-0.42
0.850.480.110.630.790.220.770.510.860.550.510.670.610.810.750.080.210.770.720.290.490.760.71-0.92-0.92
0.980.85-0.010.740.790.560.580.330.970.070.330.910.550.760.91-0.050.250.770.54-0.040.70.980.75-0.78-0.77
0.470.66-0.340.080.220.56-0.02-0.320.59-0.5-0.320.340.340.450.45-0.230.380.32-0.12-0.50.210.690.69-0.28-0.28
0.670.550.430.840.770.58-0.020.90.540.720.90.67-0.040.810.63-0.17-0.460.910.960.70.760.570.38-0.47-0.48
0.420.380.580.780.510.33-0.320.90.220.811.00.54-0.30.630.41-0.1-0.680.780.950.830.70.3-0.03-0.2-0.21
0.960.74-0.080.620.860.970.590.540.220.090.220.790.690.750.880.00.40.710.47-0.080.560.950.87-0.87-0.87
0.19-0.060.460.40.550.07-0.50.720.810.090.810.14-0.070.480.160.12-0.40.520.780.810.240.04-0.06-0.32-0.32
0.420.380.580.780.510.33-0.320.91.00.220.810.54-0.30.630.41-0.1-0.680.780.950.830.70.3-0.03-0.2-0.21
0.910.860.290.90.670.910.340.670.540.790.140.540.270.690.87-0.08-0.060.810.680.140.880.870.5-0.58-0.58
0.530.1-0.3-0.010.610.550.34-0.04-0.30.69-0.07-0.30.270.240.410.340.90.09-0.06-0.44-0.130.50.61-0.86-0.86
0.780.730.220.670.810.760.450.810.630.750.480.630.690.240.73-0.11-0.120.950.790.310.670.820.57-0.63-0.63
0.950.830.240.830.750.910.450.630.410.880.160.410.870.410.730.130.090.790.630.020.80.890.7-0.68-0.68
0.02-0.230.22-0.10.08-0.05-0.23-0.17-0.10.00.12-0.1-0.080.34-0.110.130.32-0.140.01-0.2-0.19-0.12-0.12-0.23-0.22
0.18-0.13-0.51-0.390.210.250.38-0.46-0.680.4-0.4-0.68-0.060.9-0.120.090.32-0.3-0.48-0.71-0.450.220.42-0.55-0.55
0.820.790.360.850.770.770.320.910.780.710.520.780.810.090.950.79-0.14-0.30.90.440.840.810.5-0.55-0.55
0.630.520.560.840.720.54-0.120.960.950.470.780.950.68-0.060.790.630.01-0.480.90.690.770.520.21-0.45-0.45
0.070.030.360.460.29-0.04-0.50.70.83-0.080.810.830.14-0.440.310.02-0.2-0.710.440.690.31-0.07-0.160.040.02
0.740.830.490.950.490.70.210.760.70.560.240.70.88-0.130.670.8-0.19-0.450.840.770.310.70.34-0.28-0.28
0.950.890.00.690.760.980.690.570.30.950.040.30.870.50.820.89-0.120.220.810.52-0.070.70.78-0.73-0.72
0.750.57-0.230.370.710.750.690.38-0.030.87-0.06-0.030.50.610.570.7-0.120.420.50.21-0.160.340.78-0.71-0.71
-0.8-0.370.03-0.42-0.92-0.78-0.28-0.47-0.2-0.87-0.32-0.2-0.58-0.86-0.63-0.68-0.23-0.55-0.55-0.450.04-0.28-0.73-0.711.0
-0.8-0.360.03-0.42-0.92-0.77-0.28-0.48-0.21-0.87-0.32-0.21-0.58-0.86-0.63-0.68-0.22-0.55-0.55-0.450.02-0.28-0.72-0.711.0
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Owens Corning Account Relationship Matchups

Owens Corning fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.0B9.5B10.0B10.8B11.2B7.1B
Short Long Term Debt Total3.1B3.2B3.1B3.2B3.3B1.9B
Other Current Liab276M430M409M571M462M486.8M
Total Current Liabilities1.3B1.4B1.7B2.1B2.3B1.3B
Total Stockholder Equity4.6B3.9B4.3B4.6B5.2B5.4B
Property Plant And Equipment Net4.1B4.0B4.0B3.9B4.1B2.5B
Net Debt3.0B2.5B2.2B2.1B1.7B1.5B
Retained Earnings2.3B1.8B2.7B3.8B4.8B5.0B
Cash172M717M959M1.1B1.6B1.7B
Non Current Assets Total7.9B6.9B6.9B7.2B7.3B5.2B
Non Currrent Assets Other136M173M203M235M313M482.6M
Cash And Short Term Investments172M717M959M1.1B1.6B1.7B
Net Receivables770M919M939M961M987M629.4M
Common Stock Shares Outstanding110.1M108.6M104.3M97.7M91M89.1M
Liabilities And Stockholders Equity10.0B9.5B10.0B10.8B11.2B7.1B
Non Current Liabilities Total4.0B4.1B4.0B4.0B3.7B4.5B
Inventory1.0B855M1.1B1.3B1.2B656.4M
Other Current Assets86M115M121M162M117M112.8M
Other Stockholder Equity2.9B2.7B2.2B1.5B874M830.3M
Total Liab5.3B5.5B5.7B6.1B6.0B6.0B
Total Current Assets2.1B2.6B3.1B3.6B3.9B4.1B
Short Term Debt66M74M123M80M555M582.8M
Accounts Payable815M875M1.1B1.3B1.2B719.5M
Intangible Assets1.7B1.7B1.6B1.6B1.5B984.4M
Good Will1.9B989M990M1.4B1.4B1.0B
Accumulated Other Comprehensive Income(610M)(588M)(581M)(681M)(503M)(477.9M)
Other Liab882M875M914M883M794.7M755.0M
Other Assets162M410M280M124M111.6M106.0M
Long Term Debt3.0B3.1B3.0B2.9B2.6B2.0B
Property Plant Equipment3.9B3.8B3.9B3.7B4.3B3.1B
Property Plant And Equipment Gross4.1B4.0B3.9B3.7B7.7B8.1B
Current Deferred Revenue(25M)172M197M16M315M330.8M
Treasury Stock(1.1B)(1.4B)(1.9B)(2.7B)(2.4B)(2.3B)
Net Tangible Assets3.0B2.3B2.8B3.0B3.4B2.0B
Retained Earnings Total Equity2.3B1.8B2.7B3.8B4.4B4.6B

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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.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Corning. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Owens Stock refer to our How to Trade Owens Stock guide.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Owens Corning. If investors know Owens will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Owens Corning listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.02)
Dividend Share
2.4
Earnings Share
11.78
Revenue Per Share
119.235
Quarterly Revenue Growth
0.229
The market value of Owens Corning is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Corning's value that differs from its market value or its book value, called intrinsic value, which is Owens Corning's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Owens Corning's market value can be influenced by many factors that don't directly affect Owens Corning's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Owens Corning's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owens Corning is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Corning's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.