Fortum Long Term Debt vs Short Term Investments Analysis

0HAH Stock

14.32 0.31 2.21%

Fortum Oyj financial indicator trend analysis is much more than just examining Fortum Oyj latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortum Oyj is a good investment. Please check the relationship between Fortum Oyj Long Term Debt and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Fortum Oyj. 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.

Long Term Debt vs Short Term Investments

Long Term Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortum Oyj Long Term Debt account and Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Fortum Oyj's Long Term Debt and Short Term Investments is -0.69. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Fortum Oyj, assuming nothing else is changed. The correlation between historical values of Fortum Oyj's Long Term Debt and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Fortum Oyj are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Long Term Debt i.e., Fortum Oyj's Long Term Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.69

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that Fortum Oyj has held for over one year. Long-term debt appears on Fortum Oyj balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Fortum Oyj balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Short Term Investments

Short Term Investments is an item under the current assets section of Fortum Oyj balance sheet. It contains any investments Fortum Oyj undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Fortum Oyj can easily liquidate in the marketplace.

Most indicators from Fortum Oyj's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortum Oyj 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 Fortum Oyj. 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 234.3 M in 2024. Selling General Administrative is likely to drop to about 811.6 M in 2024

	2019	2020	2023	2024 (projected)
Interest Income	613M	626M	719.9M	755.9M
Tax Provision	221M	344M	395.6M	234.3M

Interest Income Tax Provision

Fortum Oyj fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Cash	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Other Current Liab	Other Liab	Net Tangible Assets	Accounts Payable
Total Assets		0.88	0.54	-0.66	-0.61	0.65	0.62	0.88	-0.58	0.66	0.87	-0.64	-0.65	0.67	0.39	-0.91	1.0	0.51	0.99	0.98	-0.65	0.37	0.42	0.42	-0.79	0.49
Short Long Term Debt Total	0.88		0.54	-0.4	-0.48	0.72	0.63	1.0	-0.65	0.67	0.97	-0.68	-0.29	0.67	0.46	-0.83	0.89	0.5	0.9	0.89	-0.29	0.3	0.48	0.5	-0.69	0.57
Total Current Liabilities	0.54	0.54		-0.16	0.1	0.38	0.97	0.53	-0.33	0.98	0.54	-0.38	-0.09	0.86	0.98	-0.44	0.56	1.0	0.55	0.55	-0.09	0.72	0.99	0.94	-0.17	0.92
Total Stockholder Equity	-0.66	-0.4	-0.16		0.66	-0.43	-0.22	-0.42	0.67	-0.22	-0.46	0.65	0.88	-0.2	-0.01	0.74	-0.65	-0.12	-0.66	-0.69	0.88	-0.08	-0.03	0.04	0.59	0.0
Retained Earnings	-0.61	-0.48	0.1	0.66		-0.36	0.12	-0.49	0.33	0.04	-0.48	0.35	0.7	0.16	0.24	0.72	-0.6	0.14	-0.59	-0.59	0.7	0.47	0.19	0.35	0.93	0.31
Cash	0.65	0.72	0.38	-0.43	-0.36		0.46	0.72	-0.7	0.48	0.82	-0.86	-0.3	0.47	0.31	-0.68	0.66	0.34	0.71	0.75	-0.3	0.25	0.32	0.33	-0.44	0.38
Other Assets	0.62	0.63	0.97	-0.22	0.12	0.46		0.62	-0.44	0.99	0.63	-0.49	-0.12	0.94	0.94	-0.5	0.64	0.96	0.64	0.64	-0.12	0.81	0.94	0.96	-0.17	0.96
Long Term Debt	0.88	1.0	0.53	-0.42	-0.49	0.72	0.62		-0.67	0.65	0.96	-0.69	-0.31	0.65	0.45	-0.84	0.89	0.49	0.91	0.9	-0.31	0.28	0.46	0.48	-0.69	0.55
Cash And Short Term Investments	-0.58	-0.65	-0.33	0.67	0.33	-0.7	-0.44	-0.67		-0.42	-0.72	0.95	0.32	-0.4	-0.26	0.77	-0.59	-0.27	-0.65	-0.69	0.32	-0.19	-0.26	-0.26	0.36	-0.31
Net Receivables	0.66	0.67	0.98	-0.22	0.04	0.48	0.99	0.65	-0.42		0.67	-0.48	-0.14	0.93	0.95	-0.53	0.67	0.97	0.67	0.67	-0.14	0.76	0.95	0.95	-0.25	0.94
Good Will	0.87	0.97	0.54	-0.46	-0.48	0.82	0.63	0.96	-0.72	0.67		-0.8	-0.3	0.66	0.46	-0.86	0.88	0.49	0.9	0.92	-0.3	0.32	0.48	0.5	-0.68	0.56
Short Term Investments	-0.64	-0.68	-0.38	0.65	0.35	-0.86	-0.49	-0.69	0.95	-0.48	-0.8		0.34	-0.46	-0.31	0.79	-0.66	-0.32	-0.71	-0.76	0.34	-0.25	-0.31	-0.31	0.41	-0.36
Capital Surpluse	-0.65	-0.29	-0.09	0.88	0.7	-0.3	-0.12	-0.31	0.32	-0.14	-0.3	0.34		-0.12	0.08	0.59	-0.62	-0.08	-0.61	-0.61	1.0	-0.04	0.05	0.13	0.62	0.1
Inventory	0.67	0.67	0.86	-0.2	0.16	0.47	0.94	0.65	-0.4	0.93	0.66	-0.46	-0.12		0.81	-0.47	0.68	0.85	0.68	0.68	-0.12	0.9	0.81	0.91	-0.15	0.96
Other Current Assets	0.39	0.46	0.98	-0.01	0.24	0.31	0.94	0.45	-0.26	0.95	0.46	-0.31	0.08	0.81		-0.3	0.41	0.98	0.41	0.41	0.08	0.7	1.0	0.96	-0.04	0.92
Other Stockholder Equity	-0.91	-0.83	-0.44	0.74	0.72	-0.68	-0.5	-0.84	0.77	-0.53	-0.86	0.79	0.59	-0.47	-0.3		-0.92	-0.38	-0.93	-0.94	0.59	-0.12	-0.33	-0.26	0.83	-0.32
Total Liab	1.0	0.89	0.56	-0.65	-0.6	0.66	0.64	0.89	-0.59	0.67	0.88	-0.66	-0.62	0.68	0.41	-0.92		0.52	1.0	0.99	-0.62	0.38	0.44	0.44	-0.79	0.51
Total Current Assets	0.51	0.5	1.0	-0.12	0.14	0.34	0.96	0.49	-0.27	0.97	0.49	-0.32	-0.08	0.85	0.98	-0.38	0.52		0.52	0.51	-0.08	0.74	0.99	0.95	-0.13	0.92
Short Term Debt	0.99	0.9	0.55	-0.66	-0.59	0.71	0.64	0.91	-0.65	0.67	0.9	-0.71	-0.61	0.68	0.41	-0.93	1.0	0.52		1.0	-0.61	0.38	0.44	0.44	-0.76	0.51
Intangible Assets	0.98	0.89	0.55	-0.69	-0.59	0.75	0.64	0.9	-0.69	0.67	0.92	-0.76	-0.61	0.68	0.41	-0.94	0.99	0.51	1.0		-0.61	0.38	0.44	0.43	-0.76	0.51
Common Stock	-0.65	-0.29	-0.09	0.88	0.7	-0.3	-0.12	-0.31	0.32	-0.14	-0.3	0.34	1.0	-0.12	0.08	0.59	-0.62	-0.08	-0.61	-0.61		-0.04	0.05	0.13	0.62	0.1
Property Plant Equipment	0.37	0.3	0.72	-0.08	0.47	0.25	0.81	0.28	-0.19	0.76	0.32	-0.25	-0.04	0.9	0.7	-0.12	0.38	0.74	0.38	0.38	-0.04		0.69	0.84	0.23	0.87
Other Current Liab	0.42	0.48	0.99	-0.03	0.19	0.32	0.94	0.46	-0.26	0.95	0.48	-0.31	0.05	0.81	1.0	-0.33	0.44	0.99	0.44	0.44	0.05	0.69		0.95	-0.08	0.91
Other Liab	0.42	0.5	0.94	0.04	0.35	0.33	0.96	0.48	-0.26	0.95	0.5	-0.31	0.13	0.91	0.96	-0.26	0.44	0.95	0.44	0.43	0.13	0.84	0.95		0.04	0.99
Net Tangible Assets	-0.79	-0.69	-0.17	0.59	0.93	-0.44	-0.17	-0.69	0.36	-0.25	-0.68	0.41	0.62	-0.15	-0.04	0.83	-0.79	-0.13	-0.76	-0.76	0.62	0.23	-0.08	0.04		-0.01
Accounts Payable	0.49	0.57	0.92	0.0	0.31	0.38	0.96	0.55	-0.31	0.94	0.56	-0.36	0.1	0.96	0.92	-0.32	0.51	0.92	0.51	0.51	0.1	0.87	0.91	0.99	-0.01

Click cells to compare fundamentals

Fortum Oyj Account Relationship Matchups

Fortum Oyj fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	21.8B	22.4B	23.4B	57.8B	66.5B	69.8B
Short Long Term Debt Total	4.1B	5.0B	6.1B	8.8B	10.1B	6.3B
Total Current Liabilities	1.8B	20.7B	100.2B	10.1B	11.6B	22.0B
Total Stockholder Equity	13.0B	11.8B	13.0B	13.0B	11.7B	10.3B
Retained Earnings	12.4B	13.1B	12.8B	9.5B	8.5B	9.6B
Cash	1.3B	354M	1.2B	1.1B	1.2B	911.9M
Other Assets	2.1B	11.5B	26.7B	3.5B	4.0B	7.4B
Long Term Debt	4.1B	5.0B	6.0B	7.9B	9.1B	6.1B
Cash And Short Term Investments	3.9B	584M	1.4B	2.3B	2.1B	2.1B
Net Receivables	1.1B	9.1B	24.1B	4.4B	5.1B	6.5B
Good Will	613M	588M	612M	1.1B	1.2B	711.7M
Short Term Investments	715M	27M	77M	410M	369M	350.6M
Inventory	230M	1.9B	2.3B	465M	534.8M	878.1M
Other Current Assets	993M	9.4B	65.9B	1.9B	2.2B	2.1B
Other Stockholder Equity	(2.6B)	(3.3B)	(3.8B)	(4.9B)	(4.5B)	(4.7B)
Total Liab	8.7B	10.6B	10.4B	44.9B	51.6B	54.2B
Total Current Assets	3.8B	22.9B	100.1B	10.8B	12.5B	24.2B
Short Term Debt	206M	283M	478M	1.5B	1.7B	1.8B
Intangible Assets	451M	499M	531M	1.7B	2.0B	2.1B
Property Plant Equipment	9.7B	17.8B	17.9B	6.8B	7.8B	12.9B
Other Current Liab	605M	11.0B	79.0B	4.9B	5.6B	5.3B
Other Liab	2.1B	12.7B	27.0B	2.0B	2.3B	2.2B
Net Tangible Assets	11.8B	10.7B	10.0B	7.0B	6.3B	8.0B
Accounts Payable	316M	7.1B	12.2B	720M	828M	786.6M

Also Currently Popular

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.

ESRT	Empire State Realty
C	Citigroup
C	Citigroup

Additional Tools for Fortum Stock Analysis

When running Fortum Oyj's price analysis, check to measure Fortum Oyj'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 Fortum Oyj is operating at the current time. Most of Fortum Oyj's value examination focuses on studying past and present price action to predict the probability of Fortum Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortum Oyj's price. Additionally, you may evaluate how the addition of Fortum Oyj to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Fortum Long Term Debt vs Short Term Investments Analysis

Long Term Debt vs Short Term Investments

Long Term Debt vs Short Term Investments Correlation Analysis

Correlation Coefficient

Long Term Debt

Short Term Investments

Fortum Oyj fundamental ratios Correlations

Fortum Oyj Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fortum Oyj fundamental ratios Accounts

Also Currently Popular

Additional Tools for Fortum Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 1.0	Total Current Liabilities
Common Stock	+ 1.0	Capital Surpluse
Other Current Liab	+ 1.0	Other Current Assets
Short Term Debt	+ 1.0	Total Liab

Intangible Assets	- 0.94	Other Stockholder Equity
Short Term Debt	- 0.93	Other Stockholder Equity
Total Liab	- 0.92	Other Stockholder Equity
Other Stockholder Equity	- 0.91	Total Assets
Other Stockholder Equity	- 0.86	Good Will
Short Term Investments	- 0.86	Cash