Devon Cash And Short Term Investments vs Total Stockholder Equity Analysis

0I8W Stock

37.98 0.57 1.52%

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

For more information on how to buy Devon Stock please use our How to Invest in Devon Energy guide.

Cash And Short Term Investments vs Total Stockholder Equity

Cash And Short Term Investments vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Devon Energy Corp Cash And Short Term Investments account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.

The correlation between Devon Energy's Cash And Short Term Investments and Total Stockholder Equity is 0.73. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Devon Energy Corp, assuming nothing else is changed. The correlation between historical values of Devon Energy's Cash And Short Term Investments 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 Cash And Short Term Investments of Devon Energy Corp 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 Cash And Short Term Investments i.e., Devon Energy's Cash And Short Term Investments and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Devon Energy Corp balance sheet. This account contains Devon Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Devon Energy Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 Devon Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Devon Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Devon Energy 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 board of governors.

For more information on how to buy Devon Stock please use our How to Invest in Devon Energy guide.Selling General Administrative is likely to gain to about 535.2 M in 2024, despite the fact that Tax Provision is likely to grow to (467.7 M).

	2021	2022	2023	2024 (projected)
Total Revenue	12.2B	19.2B	15.1B	15.9B
Depreciation And Amortization	2.2B	2.3B	2.6B	1.6B

Total Revenue Depreciation And Amortization

Devon Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Accounts Payable	Other Current Assets	Intangible Assets	Common Stock	Current Deferred Revenue	Good Will	Short Term Debt
Total Assets		0.88	0.56	0.95	0.92	0.98	0.72	0.82	0.65	0.99	0.49	0.66	0.76	0.29	0.95	0.45	0.26	0.98	0.87	0.94	0.48	-0.39	0.25	0.67	0.59	0.72
Short Long Term Debt Total	0.88		0.49	0.79	0.67	0.84	0.89	0.51	0.63	0.88	0.63	0.59	0.61	0.35	0.97	0.27	0.43	0.95	0.73	0.83	0.27	-0.3	0.31	0.64	0.52	0.55
Other Current Liab	0.56	0.49		0.43	0.44	0.63	0.59	0.25	0.04	0.58	0.21	-0.01	0.87	0.71	0.58	0.38	0.65	0.55	0.35	0.41	0.59	0.05	0.66	0.54	-0.05	-0.07
Total Current Liabilities	0.95	0.79	0.43		0.96	0.91	0.52	0.9	0.8	0.92	0.33	0.8	0.68	0.23	0.85	0.45	0.13	0.92	0.95	0.9	0.37	-0.46	0.18	0.53	0.6	0.86
Total Stockholder Equity	0.92	0.67	0.44	0.96		0.91	0.43	0.95	0.7	0.9	0.21	0.73	0.7	0.24	0.78	0.46	0.09	0.86	0.91	0.87	0.45	-0.39	0.19	0.48	0.52	0.82
Property Plant And Equipment Net	0.98	0.84	0.63	0.91	0.91		0.73	0.79	0.55	0.99	0.42	0.54	0.83	0.36	0.93	0.49	0.33	0.96	0.8	0.91	0.51	-0.33	0.33	0.69	0.51	0.63
Net Debt	0.72	0.89	0.59	0.52	0.43	0.73		0.25	0.2	0.76	0.65	0.17	0.64	0.38	0.88	0.22	0.54	0.8	0.4	0.65	0.36	-0.15	0.38	0.71	0.38	0.18
Retained Earnings	0.82	0.51	0.25	0.9	0.95	0.79	0.25		0.65	0.79	0.12	0.7	0.56	-0.02	0.63	0.53	-0.22	0.73	0.85	0.75	0.47	-0.51	-0.07	0.37	0.6	0.87
Cash	0.65	0.63	0.04	0.8	0.7	0.55	0.2	0.65		0.58	0.24	0.97	0.22	0.1	0.58	0.2	0.01	0.66	0.89	0.65	-0.03	-0.41	0.02	0.18	0.48	0.85
Non Current Assets Total	0.99	0.88	0.58	0.92	0.9	0.99	0.76	0.79	0.58		0.5	0.58	0.79	0.29	0.96	0.47	0.29	0.98	0.82	0.92	0.49	-0.37	0.26	0.71	0.59	0.67
Non Currrent Assets Other	0.49	0.63	0.21	0.33	0.21	0.42	0.65	0.12	0.24	0.5		0.24	0.14	-0.07	0.6	0.08	0.18	0.54	0.32	0.48	0.26	-0.16	-0.09	0.39	0.49	0.18
Cash And Short Term Investments	0.66	0.59	-0.01	0.8	0.73	0.54	0.17	0.7	0.97	0.58	0.24		0.19	0.04	0.56	0.09	-0.06	0.65	0.91	0.68	-0.02	-0.43	-0.02	0.17	0.52	0.88
Net Receivables	0.76	0.61	0.87	0.68	0.7	0.83	0.64	0.56	0.22	0.79	0.14	0.19		0.61	0.73	0.5	0.51	0.74	0.52	0.61	0.52	-0.09	0.59	0.65	0.18	0.29
Common Stock Shares Outstanding	0.29	0.35	0.71	0.23	0.24	0.36	0.38	-0.02	0.1	0.29	-0.07	0.04	0.61		0.34	-0.06	0.88	0.32	0.22	0.26	0.07	0.4	0.98	0.19	-0.47	-0.17
Non Current Liabilities Total	0.95	0.97	0.58	0.85	0.78	0.93	0.88	0.63	0.58	0.96	0.6	0.56	0.73	0.34		0.39	0.39	0.99	0.77	0.87	0.42	-0.31	0.31	0.71	0.55	0.57
Inventory	0.45	0.27	0.38	0.45	0.46	0.49	0.22	0.53	0.2	0.47	0.08	0.09	0.5	-0.06	0.39		-0.19	0.42	0.33	0.27	0.63	-0.28	-0.11	0.34	0.29	0.34
Other Stockholder Equity	0.26	0.43	0.65	0.13	0.09	0.33	0.54	-0.22	0.01	0.29	0.18	-0.06	0.51	0.88	0.39	-0.19		0.32	0.08	0.28	-0.07	0.43	0.91	0.34	-0.35	-0.26
Total Liab	0.98	0.95	0.55	0.92	0.86	0.96	0.8	0.73	0.66	0.98	0.54	0.65	0.74	0.32	0.99	0.42	0.32		0.85	0.91	0.42	-0.37	0.28	0.68	0.58	0.68
Total Current Assets	0.87	0.73	0.35	0.95	0.91	0.8	0.4	0.85	0.89	0.82	0.32	0.91	0.52	0.22	0.77	0.33	0.08	0.85		0.84	0.34	-0.43	0.14	0.41	0.52	0.84
Accounts Payable	0.94	0.83	0.41	0.9	0.87	0.91	0.65	0.75	0.65	0.92	0.48	0.68	0.61	0.26	0.87	0.27	0.28	0.91	0.84		0.36	-0.3	0.24	0.65	0.52	0.69
Other Current Assets	0.48	0.27	0.59	0.37	0.45	0.51	0.36	0.47	-0.03	0.49	0.26	-0.02	0.52	0.07	0.42	0.63	-0.07	0.42	0.34	0.36		-0.18	-0.02	0.4	0.2	0.09
Intangible Assets	-0.39	-0.3	0.05	-0.46	-0.39	-0.33	-0.15	-0.51	-0.41	-0.37	-0.16	-0.43	-0.09	0.4	-0.31	-0.28	0.43	-0.37	-0.43	-0.3	-0.18		0.51	-0.36	-0.84	-0.56
Common Stock	0.25	0.31	0.66	0.18	0.19	0.33	0.38	-0.07	0.02	0.26	-0.09	-0.02	0.59	0.98	0.31	-0.11	0.91	0.28	0.14	0.24	-0.02	0.51		0.17	-0.51	-0.2
Current Deferred Revenue	0.67	0.64	0.54	0.53	0.48	0.69	0.71	0.37	0.18	0.71	0.39	0.17	0.65	0.19	0.71	0.34	0.34	0.68	0.41	0.65	0.4	-0.36	0.17		0.51	0.24
Good Will	0.59	0.52	-0.05	0.6	0.52	0.51	0.38	0.6	0.48	0.59	0.49	0.52	0.18	-0.47	0.55	0.29	-0.35	0.58	0.52	0.52	0.2	-0.84	-0.51	0.51		0.7
Short Term Debt	0.72	0.55	-0.07	0.86	0.82	0.63	0.18	0.87	0.85	0.67	0.18	0.88	0.29	-0.17	0.57	0.34	-0.26	0.68	0.84	0.69	0.09	-0.56	-0.2	0.24	0.7

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Devon Energy Account Relationship Matchups

Devon Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.7B	9.9B	21.0B	23.7B	24.5B	20.2B
Short Long Term Debt Total	4.5B	4.5B	6.7B	6.7B	6.5B	5.8B
Other Current Liab	1.5B	1.2B	2.6B	2.0B	1.7B	925.7M
Total Current Liabilities	1.9B	1.4B	3.1B	3.1B	2.9B	2.4B
Total Stockholder Equity	5.8B	2.9B	9.3B	11.2B	12.1B	9.0B
Property Plant And Equipment Net	8.8B	5.6B	15.2B	18.3B	19.6B	13.6B
Net Debt	3.1B	2.3B	4.5B	5.2B	5.6B	4.2B
Retained Earnings	3.1B	208M	1.7B	4.3B	6.2B	4.4B
Cash	1.5B	2.2B	2.3B	1.5B	875M	1.4B
Non Current Assets Total	9.9B	6.7B	16.8B	19.8B	21.3B	17.2B
Non Currrent Assets Other	277M	283M	91M	(1.2B)	319M	553.0M
Cash And Short Term Investments	1.5B	2.2B	2.3B	1.5B	875M	1.6B
Net Receivables	832M	775M	1.5B	1.8B	1.6B	920.5M
Common Stock Shares Outstanding	401M	377M	665M	653M	642M	339.2M
Liabilities And Stockholders Equity	13.7B	9.9B	21.0B	23.7B	24.5B	20.2B
Non Current Liabilities Total	5.9B	5.5B	8.5B	9.3B	9.3B	8.2B
Inventory	197M	1.3B	114M	201M	249M	189.0M
Other Stockholder Equity	2.7B	2.8B	7.6B	6.9B	5.9B	4.2B
Total Liab	7.8B	6.9B	11.6B	12.4B	12.3B	10.6B
Total Current Assets	3.9B	3.3B	4.2B	3.9B	3.2B	3.0B
Accounts Payable	428M	242M	500M	859M	760M	775.6M
Other Current Assets	1.6B	58M	359M	469M	460M	463.7M
Accumulated Other Comprehensive Income	(119M)	(127M)	(132M)	(116M)	(124M)	(117.8M)
Current Deferred Revenue	(17M)	(9M)	(26M)	1.5B	(47M)	(44.7M)
Short Term Debt	17M	9M	26M	272M	483M	934.2M
Other Assets	277M	271M	378M	307M	276.3M	262.5M
Long Term Debt	6.7B	4.3B	4.3B	4.3B	3.9B	4.8B
Capital Surpluse	7.3B	4.5B	2.7B	2.8B	2.5B	3.9B
Property Plant Equipment	8.8B	5.6B	15.2B	18.3B	16.5B	10.5B
Other Liab	1.3B	909M	1.8B	2.9B	2.6B	2.2B
Net Tangible Assets	5.0B	2.1B	8.5B	10.4B	12.0B	7.9B

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Devon Cash And Short Term Investments vs Total Stockholder Equity Analysis

Cash And Short Term Investments vs Total Stockholder Equity

Cash And Short Term Investments vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Total Stockholder Equity

Devon Energy fundamental ratios Correlations

Devon Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Devon Energy fundamental ratios Accounts

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Additional Tools for Devon Stock Analysis

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Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Total Liab	+ 0.98	Non Current Assets Total

Good Will	- 0.84	Intangible Assets
Short Term Debt	- 0.56	Intangible Assets
Good Will	- 0.51	Common Stock
Intangible Assets	- 0.51	Retained Earnings
Good Will	- 0.47	Common Stock Shares Outstanding
Intangible Assets	- 0.46	Total Current Liabilities