ONEOK Income Before Tax vs Total Other Income Expense Net 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 Income Before Tax and its Total Other Income Expense Net 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.

Income Before Tax vs Total Other Income Expense Net

Income Before Tax vs Total Other Income Expense Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ONEOK Inc Income Before Tax account and Total Other Income Expense Net. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between ONEOK's Income Before Tax and Total Other Income Expense Net is -0.64. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Other Income Expense Net 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 Income Before Tax and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of ONEOK Inc are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Income Before Tax i.e., ONEOK's Income Before Tax and Total Other Income Expense Net go up and down completely randomly.

Correlation Coefficient

-0.64
Relationship DirectionNegative 
Relationship StrengthWeak

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on ONEOK income statement and is an important metric when analyzing ONEOK Inc profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Total Other Income Expense Net

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