ONEOK Free Cash Flow vs Change To Netincome 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 Free Cash Flow and its Change To Netincome 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.

Free Cash Flow vs Change To Netincome

Free Cash Flow vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ONEOK Inc Free Cash Flow account and Change To Netincome. At this time, the significance of the direction appears to have no relationship.

The correlation between ONEOK's Free Cash Flow and Change To Netincome is 0.01. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change To Netincome 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 Free Cash Flow and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of ONEOK Inc are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Free Cash Flow i.e., ONEOK's Free Cash Flow and Change To Netincome go up and down completely randomly.

Correlation Coefficient

0.01

Relationship Direction	Positive
Relationship Strength	Insignificant

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change To Netincome

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 Profit	3.7B	3.9B	5.0B	5.2B
Total Revenue	16.5B	22.4B	17.7B	18.6B

Gross Profit Total Revenue

ONEOK fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Stockholder Equity	Current Deferred Revenue	Good Will	Short Term Investments
Common Stock Shares Outstanding		0.82	0.88	0.58	0.34	0.84	0.88	0.88	-0.26	0.44	0.24	0.83	-0.01	0.22	0.44	0.85	0.68	0.17	0.84	0.49	-0.16	-0.43	0.89	0.27	0.54	-0.4
Total Assets	0.82		0.98	0.74	0.48	0.93	0.99	0.98	0.07	0.49	0.43	1.0	0.09	0.42	0.55	0.99	0.64	0.43	0.99	0.61	0.0	-0.46	0.92	0.08	0.87	-0.46
Short Long Term Debt Total	0.88	0.98		0.69	0.43	0.9	1.0	1.0	-0.08	0.44	0.43	0.98	-0.03	0.41	0.5	0.99	0.6	0.32	0.99	0.56	-0.03	-0.49	0.91	0.13	0.79	-0.52
Other Current Liab	0.58	0.74	0.69		0.8	0.65	0.7	0.69	0.41	0.84	0.41	0.72	0.14	0.43	0.88	0.71	0.89	0.69	0.75	0.91	0.18	-0.58	0.59	0.08	0.58	-0.41
Total Current Liabilities	0.34	0.48	0.43	0.8		0.32	0.44	0.43	0.38	0.89	0.2	0.45	-0.11	0.23	0.9	0.44	0.69	0.7	0.52	0.83	0.69	-0.73	0.26	0.21	0.26	-0.53
Total Stockholder Equity	0.84	0.93	0.9	0.65	0.32		0.93	0.9	0.02	0.39	0.28	0.94	0.31	0.27	0.44	0.89	0.66	0.31	0.89	0.5	-0.18	-0.23	0.99	0.06	0.89	-0.22
Property Plant And Equipment Net	0.88	0.99	1.0	0.7	0.44	0.93		1.0	-0.06	0.45	0.39	0.99	0.02	0.38	0.5	0.99	0.62	0.34	0.99	0.56	-0.04	-0.46	0.93	0.13	0.82	-0.49
Net Debt	0.88	0.98	1.0	0.69	0.43	0.9	1.0		-0.1	0.44	0.4	0.98	-0.03	0.39	0.5	0.99	0.6	0.31	0.99	0.55	-0.03	-0.49	0.91	0.13	0.79	-0.52
Retained Earnings	-0.26	0.07	-0.08	0.41	0.38	0.02	-0.06	-0.1		0.47	0.32	0.03	0.5	0.37	0.5	0.0	0.34	0.75	0.05	0.54	0.11	-0.15	-0.14	-0.18	0.18	0.07
Accounts Payable	0.44	0.49	0.44	0.84	0.89	0.39	0.45	0.44	0.47		0.17	0.45	0.14	0.19	0.94	0.45	0.84	0.68	0.51	0.88	0.35	-0.71	0.32	0.2	0.23	-0.52
Cash	0.24	0.43	0.43	0.41	0.2	0.28	0.39	0.4	0.32	0.17		0.41	-0.06	1.0	0.33	0.47	0.24	0.45	0.47	0.54	-0.05	-0.29	0.24	0.03	0.31	-0.36
Non Current Assets Total	0.83	1.0	0.98	0.72	0.45	0.94	0.99	0.98	0.03	0.45	0.41		0.08	0.39	0.51	0.99	0.61	0.4	0.99	0.57	-0.02	-0.44	0.92	0.07	0.87	-0.46
Non Currrent Assets Other	-0.01	0.09	-0.03	0.14	-0.11	0.31	0.02	-0.03	0.5	0.14	-0.06	0.08		-0.05	0.04	-0.01	0.25	0.22	-0.01	0.09	-0.41	0.21	0.23	-0.5	0.33	0.31
Cash And Short Term Investments	0.22	0.42	0.41	0.43	0.23	0.27	0.38	0.39	0.37	0.19	1.0	0.39	-0.05		0.35	0.46	0.26	0.5	0.46	0.56	-0.02	-0.3	0.22	0.03	0.31	-0.33
Net Receivables	0.44	0.55	0.5	0.88	0.9	0.44	0.5	0.5	0.5	0.94	0.33	0.51	0.04	0.35		0.52	0.84	0.71	0.58	0.96	0.37	-0.63	0.36	0.29	0.31	-0.48
Non Current Liabilities Total	0.85	0.99	0.99	0.71	0.44	0.89	0.99	0.99	0.0	0.45	0.47	0.99	-0.01	0.46	0.52		0.61	0.38	1.0	0.59	-0.04	-0.49	0.89	0.12	0.8	-0.51
Inventory	0.68	0.64	0.6	0.89	0.69	0.66	0.62	0.6	0.34	0.84	0.24	0.61	0.25	0.26	0.84	0.61		0.55	0.64	0.86	0.03	-0.46	0.61	0.24	0.44	-0.25
Other Current Assets	0.17	0.43	0.32	0.69	0.7	0.31	0.34	0.31	0.75	0.68	0.45	0.4	0.22	0.5	0.71	0.38	0.55		0.44	0.78	0.35	-0.47	0.19	0.07	0.37	-0.19
Total Liab	0.84	0.99	0.99	0.75	0.52	0.89	0.99	0.99	0.05	0.51	0.47	0.99	-0.01	0.46	0.58	1.0	0.64	0.44		0.64	0.04	-0.53	0.88	0.13	0.8	-0.53
Total Current Assets	0.49	0.61	0.56	0.91	0.83	0.5	0.56	0.55	0.54	0.88	0.54	0.57	0.09	0.56	0.96	0.59	0.86	0.78	0.64		0.25	-0.61	0.42	0.25	0.39	-0.45
Short Term Debt	-0.16	0.0	-0.03	0.18	0.69	-0.18	-0.04	-0.03	0.11	0.35	-0.05	-0.02	-0.41	-0.02	0.37	-0.04	0.03	0.35	0.04	0.25		-0.46	-0.2	0.13	-0.1	-0.33
Common Stock	-0.43	-0.46	-0.49	-0.58	-0.73	-0.23	-0.46	-0.49	-0.15	-0.71	-0.29	-0.44	0.21	-0.3	-0.63	-0.49	-0.46	-0.47	-0.53	-0.61	-0.46		-0.22	-0.07	-0.09	0.86
Other Stockholder Equity	0.89	0.92	0.91	0.59	0.26	0.99	0.93	0.91	-0.14	0.32	0.24	0.92	0.23	0.22	0.36	0.89	0.61	0.19	0.88	0.42	-0.2	-0.22		0.08	0.84	-0.23
Current Deferred Revenue	0.27	0.08	0.13	0.08	0.21	0.06	0.13	0.13	-0.18	0.2	0.03	0.07	-0.5	0.03	0.29	0.12	0.24	0.07	0.13	0.25	0.13	-0.07	0.08		-0.12	-0.06
Good Will	0.54	0.87	0.79	0.58	0.26	0.89	0.82	0.79	0.18	0.23	0.31	0.87	0.33	0.31	0.31	0.8	0.44	0.37	0.8	0.39	-0.1	-0.09	0.84	-0.12		-0.11
Short Term Investments	-0.4	-0.46	-0.52	-0.41	-0.53	-0.22	-0.49	-0.52	0.07	-0.52	-0.36	-0.46	0.31	-0.33	-0.48	-0.51	-0.25	-0.19	-0.53	-0.45	-0.33	0.86	-0.23	-0.06	-0.11

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ONEOK Account Relationship Matchups

ONEOK fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	415.4M	431.8M	447.4M	448.4M	485.4M	509.7M
Total Assets	21.8B	23.1B	23.6B	24.4B	44.3B	46.5B
Short Long Term Debt Total	12.7B	14.3B	13.7B	13.7B	21.8B	22.9B
Other Current Liab	488.8M	512.4M	697.0M	619.6M	1.2B	635.8M
Total Current Liabilities	2.0B	1.3B	3.2B	3.1B	3.5B	2.5B
Total Stockholder Equity	6.2B	6.0B	6.0B	6.5B	16.5B	17.3B
Property Plant And Equipment Net	18.3B	19.2B	19.3B	20.0B	32.7B	34.3B
Net Debt	12.7B	13.8B	13.6B	13.5B	21.4B	22.5B
Accounts Payable	1.2B	719.3M	1.3B	1.4B	1.6B	1.0B
Cash	21.0M	524.5M	146.4M	220.2M	338M	354.9M
Non Current Assets Total	20.3B	21.2B	21.2B	21.8B	41.2B	43.2B
Non Currrent Assets Other	(362.7M)	(669.2B)	(1.2T)	(1.7T)	319M	335.0M
Cash And Short Term Investments	21.0M	524.5M	146.4M	220.2M	338M	354.9M
Net Receivables	835.1M	829.8M	1.4B	1.5B	1.7B	1.1B
Liabilities And Stockholders Equity	21.8B	23.1B	23.6B	24.4B	44.3B	46.5B
Non Current Liabilities Total	13.6B	15.7B	14.4B	14.8B	24.3B	25.5B
Inventory	506.7M	371.0M	580.9M	580.7M	787M	462.1M
Other Current Assets	107.6M	144.5M	205.3M	214.5M	278M	286.0M
Total Liab	15.6B	17.0B	17.6B	17.9B	27.8B	29.2B
Total Current Assets	1.5B	1.9B	2.4B	2.5B	3.1B	2.1B
Short Term Debt	321.6M	23.4M	1.1B	937M	507M	797.8M
Other Stockholder Equity	6.6B	6.6B	6.5B	6.5B	15.6B	16.4B
Accumulated Other Comprehensive Income	(374M)	(551.4M)	(471.4M)	(108.3M)	(33M)	(34.7M)
Current Deferred Revenue	190.8M	334.6M	333.1M	1.7T	104M	98.8M
Intangible Assets	276.8M	246.1M	235.7M	225.3M	1.3B	1.4B
Other Assets	157.7M	375.1M	276.9M	241.3M	217.2M	206.3M
Long Term Debt	8.1B	8.9B	12.5B	14.2B	16.4B	11.4B
Capital Surpluse	6.6B	7.6B	7.4B	7.4B	8.5B	6.6B
Treasury Stock	(876.7M)	(851.8M)	(808.4M)	(764.3M)	(878.9M)	(922.9M)
Other Liab	936.5M	1.2B	1.6B	2.1B	2.4B	1.2B
Net Tangible Assets	5.3B	5.3B	5.3B	5.7B	6.6B	5.8B
Property Plant Equipment	18.4B	19.3B	19.4B	20.0B	23.0B	19.2B

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ONEOK Free Cash Flow vs Change To Netincome Analysis

Free Cash Flow vs Change To Netincome

Free Cash Flow vs Change To Netincome Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change To Netincome

ONEOK fundamental ratios Correlations

ONEOK Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ONEOK fundamental ratios Accounts

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Additional Tools for ONEOK Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total

Common Stock	- 0.73	Total Current Liabilities
Common Stock	- 0.71	Accounts Payable
Common Stock	- 0.63	Net Receivables
Common Stock	- 0.61	Total Current Assets
Common Stock	- 0.58	Other Current Liab
Short Term Investments	- 0.53	Total Liab