Fortum Short Term Investments vs Other Liab 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 Short Term Investments and its Other Liab 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.

Short Term Investments vs Other Liab

Short Term Investments vs Other Liab Correlation Analysis

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

The correlation between Fortum Oyj's Short Term Investments and Other Liab is -0.31. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Liab 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 Short Term Investments and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Fortum Oyj are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Short Term Investments i.e., Fortum Oyj's Short Term Investments and Other Liab go up and down completely randomly.

Correlation Coefficient

-0.31

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Other Liab

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

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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

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Fortum Short Term Investments vs Other Liab Analysis

Short Term Investments vs Other Liab

Short Term Investments vs Other Liab Correlation Analysis

Correlation Coefficient

Short Term Investments

Other Liab

Fortum Oyj fundamental ratios Correlations

Fortum Oyj Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fortum Oyj fundamental ratios Accounts

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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