ONEOK Capital Expenditures vs Change To Liabilities Analysis

0KCI Stock   99.85  1.61  1.64%   
ONEOK financial indicator trend analysis is much more than just breaking down ONEOK Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ONEOK Inc is a good investment. Please check the relationship between ONEOK Capital Expenditures and its Change To Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ONEOK Inc. 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.

Capital Expenditures vs Change To Liabilities

Capital Expenditures vs Change To Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ONEOK Inc Capital Expenditures account and Change To Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between ONEOK's Capital Expenditures and Change To Liabilities is -0.5. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of ONEOK Inc, assuming nothing else is changed. The correlation between historical values of ONEOK's Capital Expenditures and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of ONEOK Inc are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Capital Expenditures i.e., ONEOK's Capital Expenditures and Change To Liabilities go up and down completely randomly.

Correlation Coefficient

-0.5
Relationship DirectionNegative 
Relationship StrengthVery Weak

Capital Expenditures

Capital Expenditures are funds used by ONEOK Inc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of ONEOK operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Change To Liabilities

Most indicators from ONEOK's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ONEOK Inc 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 ONEOK Inc. 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 gain to about 317.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 13.2 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit3.7B3.9B5.0B5.2B
Total Revenue16.5B22.4B17.7B18.6B

ONEOK fundamental ratios Correlations

0.820.880.580.340.840.880.88-0.260.440.240.83-0.010.220.440.850.680.170.840.49-0.16-0.430.890.270.54-0.4
0.820.980.740.480.930.990.980.070.490.431.00.090.420.550.990.640.430.990.610.0-0.460.920.080.87-0.46
0.880.980.690.430.91.01.0-0.080.440.430.98-0.030.410.50.990.60.320.990.56-0.03-0.490.910.130.79-0.52
0.580.740.690.80.650.70.690.410.840.410.720.140.430.880.710.890.690.750.910.18-0.580.590.080.58-0.41
0.340.480.430.80.320.440.430.380.890.20.45-0.110.230.90.440.690.70.520.830.69-0.730.260.210.26-0.53
0.840.930.90.650.320.930.90.020.390.280.940.310.270.440.890.660.310.890.5-0.18-0.230.990.060.89-0.22
0.880.991.00.70.440.931.0-0.060.450.390.990.020.380.50.990.620.340.990.56-0.04-0.460.930.130.82-0.49
0.880.981.00.690.430.91.0-0.10.440.40.98-0.030.390.50.990.60.310.990.55-0.03-0.490.910.130.79-0.52
-0.260.07-0.080.410.380.02-0.06-0.10.470.320.030.50.370.50.00.340.750.050.540.11-0.15-0.14-0.180.180.07
0.440.490.440.840.890.390.450.440.470.170.450.140.190.940.450.840.680.510.880.35-0.710.320.20.23-0.52
0.240.430.430.410.20.280.390.40.320.170.41-0.061.00.330.470.240.450.470.54-0.05-0.290.240.030.31-0.36
0.831.00.980.720.450.940.990.980.030.450.410.080.390.510.990.610.40.990.57-0.02-0.440.920.070.87-0.46
-0.010.09-0.030.14-0.110.310.02-0.030.50.14-0.060.08-0.050.04-0.010.250.22-0.010.09-0.410.210.23-0.50.330.31
0.220.420.410.430.230.270.380.390.370.191.00.39-0.050.350.460.260.50.460.56-0.02-0.30.220.030.31-0.33
0.440.550.50.880.90.440.50.50.50.940.330.510.040.350.520.840.710.580.960.37-0.630.360.290.31-0.48
0.850.990.990.710.440.890.990.990.00.450.470.99-0.010.460.520.610.381.00.59-0.04-0.490.890.120.8-0.51
0.680.640.60.890.690.660.620.60.340.840.240.610.250.260.840.610.550.640.860.03-0.460.610.240.44-0.25
0.170.430.320.690.70.310.340.310.750.680.450.40.220.50.710.380.550.440.780.35-0.470.190.070.37-0.19
0.840.990.990.750.520.890.990.990.050.510.470.99-0.010.460.581.00.640.440.640.04-0.530.880.130.8-0.53
0.490.610.560.910.830.50.560.550.540.880.540.570.090.560.960.590.860.780.640.25-0.610.420.250.39-0.45
-0.160.0-0.030.180.69-0.18-0.04-0.030.110.35-0.05-0.02-0.41-0.020.37-0.040.030.350.040.25-0.46-0.20.13-0.1-0.33
-0.43-0.46-0.49-0.58-0.73-0.23-0.46-0.49-0.15-0.71-0.29-0.440.21-0.3-0.63-0.49-0.46-0.47-0.53-0.61-0.46-0.22-0.07-0.090.86
0.890.920.910.590.260.990.930.91-0.140.320.240.920.230.220.360.890.610.190.880.42-0.2-0.220.080.84-0.23
0.270.080.130.080.210.060.130.13-0.180.20.030.07-0.50.030.290.120.240.070.130.250.13-0.070.08-0.12-0.06
0.540.870.790.580.260.890.820.790.180.230.310.870.330.310.310.80.440.370.80.39-0.1-0.090.84-0.12-0.11
-0.4-0.46-0.52-0.41-0.53-0.22-0.49-0.520.07-0.52-0.36-0.460.31-0.33-0.48-0.51-0.25-0.19-0.53-0.45-0.330.86-0.23-0.06-0.11
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ONEOK Account Relationship Matchups

ONEOK fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding415.4M431.8M447.4M448.4M485.4M509.7M
Total Assets21.8B23.1B23.6B24.4B44.3B46.5B
Short Long Term Debt Total12.7B14.3B13.7B13.7B21.8B22.9B
Other Current Liab488.8M512.4M697.0M619.6M1.2B635.8M
Total Current Liabilities2.0B1.3B3.2B3.1B3.5B2.5B
Total Stockholder Equity6.2B6.0B6.0B6.5B16.5B17.3B
Property Plant And Equipment Net18.3B19.2B19.3B20.0B32.7B34.3B
Net Debt12.7B13.8B13.6B13.5B21.4B22.5B
Accounts Payable1.2B719.3M1.3B1.4B1.6B1.0B
Cash21.0M524.5M146.4M220.2M338M354.9M
Non Current Assets Total20.3B21.2B21.2B21.8B41.2B43.2B
Non Currrent Assets Other(362.7M)(669.2B)(1.2T)(1.7T)319M335.0M
Cash And Short Term Investments21.0M524.5M146.4M220.2M338M354.9M
Net Receivables835.1M829.8M1.4B1.5B1.7B1.1B
Liabilities And Stockholders Equity21.8B23.1B23.6B24.4B44.3B46.5B
Non Current Liabilities Total13.6B15.7B14.4B14.8B24.3B25.5B
Inventory506.7M371.0M580.9M580.7M787M462.1M
Other Current Assets107.6M144.5M205.3M214.5M278M286.0M
Total Liab15.6B17.0B17.6B17.9B27.8B29.2B
Total Current Assets1.5B1.9B2.4B2.5B3.1B2.1B
Short Term Debt321.6M23.4M1.1B937M507M797.8M
Other Stockholder Equity6.6B6.6B6.5B6.5B15.6B16.4B
Accumulated Other Comprehensive Income(374M)(551.4M)(471.4M)(108.3M)(33M)(34.7M)
Current Deferred Revenue190.8M334.6M333.1M1.7T104M98.8M
Intangible Assets276.8M246.1M235.7M225.3M1.3B1.4B
Other Assets157.7M375.1M276.9M241.3M217.2M206.3M
Long Term Debt8.1B8.9B12.5B14.2B16.4B11.4B
Capital Surpluse6.6B7.6B7.4B7.4B8.5B6.6B
Treasury Stock(876.7M)(851.8M)(808.4M)(764.3M)(878.9M)(922.9M)
Other Liab936.5M1.2B1.6B2.1B2.4B1.2B
Net Tangible Assets5.3B5.3B5.3B5.7B6.6B5.8B
Property Plant Equipment18.4B19.3B19.4B20.0B23.0B19.2B

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Additional Tools for ONEOK Stock Analysis

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