Solventum Other Stockholder Equity vs Total Assets Analysis
SOLV Stock | 70.26 0.51 0.72% |
Solventum Corp financial indicator trend analysis is much more than just breaking down Solventum Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solventum Corp is a good investment. Please check the relationship between Solventum Corp Other Stockholder Equity and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solventum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Solventum Stock please use our How to Invest in Solventum Corp guide.
Other Stockholder Equity vs Total Assets
Other Stockholder Equity vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solventum Corp Other Stockholder Equity account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Solventum Corp's Other Stockholder Equity and Total Assets is -0.62. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Assets in the same time period over historical financial statements of Solventum Corp, assuming nothing else is changed. The correlation between historical values of Solventum Corp's Other Stockholder Equity and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Solventum Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Stockholder Equity i.e., Solventum Corp's Other Stockholder Equity and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Stockholder Equity
Total Assets
Total assets refers to the total amount of Solventum Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Solventum Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Solventum Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solventum Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Solventum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Solventum Stock please use our How to Invest in Solventum Corp guide.At this time, Solventum Corp's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 2.5 B in 2024, whereas Enterprise Value Over EBITDA is likely to drop 5.71 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 597M | 578M | 561M | 467M | Tax Provision | 422M | 349M | 218M | 258.2M |
Solventum Corp fundamental ratios Correlations
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Solventum Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Solventum Stock Analysis
When running Solventum Corp's price analysis, check to measure Solventum Corp's 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 Solventum Corp is operating at the current time. Most of Solventum Corp's value examination focuses on studying past and present price action to predict the probability of Solventum Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solventum Corp's price. Additionally, you may evaluate how the addition of Solventum Corp to your portfolios can decrease your overall portfolio volatility.