Aker Cash vs Total Current Assets Analysis

0M5J Stock

228.40 2.25 0.99%

Aker BP financial indicator trend analysis is way more than just evaluating Aker BP ASA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aker BP ASA is a good investment. Please check the relationship between Aker BP Cash and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aker BP ASA. 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.

Cash vs Total Current Assets

Cash vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aker BP ASA Cash account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Aker BP's Cash and Total Current Assets is 0.86. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Aker BP ASA, assuming nothing else is changed. The correlation between historical values of Aker BP's Cash and Total Current Assets 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 of Aker BP ASA are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash i.e., Aker BP's Cash and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

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Cash

Cash refers to the most liquid asset of Aker BP ASA, which is listed under current asset account on Aker BP ASA balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Aker BP customers. The amounts must be unrestricted with restricted cash listed in a different Aker BP account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Aker BP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aker BP ASA 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 Aker BP ASA. 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 130 M in 2024

	2019	2020	2023	2024 (projected)
Interest Income	99.6M	113.0M	130.0M	67.9M
Tax Provision	943.2M	119.0M	136.8M	130.0M

Interest Income Tax Provision

Aker BP 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	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Debt	Other Current Liab	Other Liab	Net Tangible Assets	Accounts Payable	Deferred Long Term Liab
Total Assets		0.74	0.76	-0.54	-0.76	0.82	0.75	0.72	0.82	0.75	-0.82	0.96	0.8	0.68	0.65	0.99	0.71	0.78	0.71	0.78	-0.47	0.65	0.69	-0.66	0.83	-0.51
Short Long Term Debt Total	0.74		0.56	-0.92	-0.84	0.81	0.67	1.0	0.81	0.7	-0.78	0.63	0.83	0.6	0.55	0.83	0.59	0.38	0.7	0.66	-0.27	0.57	0.62	-0.6	0.79	-0.31
Total Current Liabilities	0.76	0.56		-0.56	-0.45	0.8	0.97	0.55	0.8	0.96	-0.85	0.82	0.83	0.97	0.97	0.72	0.97	0.56	0.85	0.98	-0.78	0.98	0.97	-0.92	0.74	-0.81
Total Stockholder Equity	-0.54	-0.92	-0.56		0.75	-0.79	-0.68	-0.92	-0.79	-0.72	0.8	-0.46	-0.7	-0.65	-0.59	-0.64	-0.62	-0.19	-0.61	-0.67	0.43	-0.63	-0.67	0.61	-0.72	0.47
Retained Earnings	-0.76	-0.84	-0.45	0.75		-0.78	-0.55	-0.82	-0.78	-0.58	0.76	-0.62	-0.58	-0.47	-0.4	-0.83	-0.44	-0.53	-0.41	-0.57	0.27	-0.41	-0.49	0.5	-0.7	0.3
Cash	0.82	0.81	0.8	-0.79	-0.78		0.86	0.81	1.0	0.86	-0.92	0.78	0.79	0.78	0.76	0.85	0.86	0.43	0.68	0.85	-0.62	0.78	0.81	-0.71	0.74	-0.65
Other Assets	0.75	0.67	0.97	-0.68	-0.55	0.86		0.67	0.86	1.0	-0.91	0.81	0.86	0.99	0.97	0.74	0.95	0.55	0.86	1.0	-0.78	0.98	0.99	-0.93	0.76	-0.81
Long Term Debt	0.72	1.0	0.55	-0.92	-0.82	0.81	0.67		0.81	0.7	-0.77	0.61	0.83	0.6	0.55	0.81	0.59	0.35	0.71	0.66	-0.26	0.58	0.62	-0.6	0.77	-0.31
Cash And Short Term Investments	0.82	0.81	0.8	-0.79	-0.78	1.0	0.86	0.81		0.86	-0.92	0.78	0.79	0.78	0.76	0.85	0.86	0.43	0.68	0.85	-0.62	0.78	0.81	-0.71	0.74	-0.65
Net Receivables	0.75	0.7	0.96	-0.72	-0.58	0.86	1.0	0.7	0.86		-0.93	0.81	0.86	0.98	0.96	0.75	0.94	0.57	0.85	0.99	-0.78	0.97	0.98	-0.92	0.8	-0.81
Good Will	-0.82	-0.78	-0.85	0.8	0.76	-0.92	-0.91	-0.77	-0.92	-0.93		-0.84	-0.76	-0.87	-0.82	-0.83	-0.85	-0.62	-0.7	-0.92	0.79	-0.85	-0.89	0.78	-0.86	0.82
Capital Surpluse	0.96	0.63	0.82	-0.46	-0.62	0.78	0.81	0.61	0.78	0.81	-0.84		0.79	0.75	0.72	0.91	0.75	0.84	0.75	0.83	-0.63	0.73	0.76	-0.69	0.8	-0.66
Inventory	0.8	0.83	0.83	-0.7	-0.58	0.79	0.86	0.83	0.79	0.86	-0.76	0.79		0.83	0.82	0.83	0.81	0.5	0.96	0.85	-0.41	0.82	0.83	-0.84	0.75	-0.46
Other Current Assets	0.68	0.6	0.97	-0.65	-0.47	0.78	0.99	0.6	0.78	0.98	-0.87	0.75	0.83		0.99	0.66	0.93	0.52	0.87	0.99	-0.79	0.99	1.0	-0.96	0.71	-0.82
Other Stockholder Equity	0.65	0.55	0.97	-0.59	-0.4	0.76	0.97	0.55	0.76	0.96	-0.82	0.72	0.82	0.99		0.63	0.94	0.46	0.88	0.97	-0.77	0.99	0.99	-0.96	0.66	-0.8
Total Liab	0.99	0.83	0.72	-0.64	-0.83	0.85	0.74	0.81	0.85	0.75	-0.83	0.91	0.83	0.66	0.63		0.7	0.71	0.72	0.76	-0.4	0.63	0.68	-0.65	0.85	-0.45
Total Current Assets	0.71	0.59	0.97	-0.62	-0.44	0.86	0.95	0.59	0.86	0.94	-0.85	0.75	0.81	0.93	0.94	0.7		0.4	0.82	0.94	-0.76	0.96	0.95	-0.86	0.71	-0.8
Intangible Assets	0.78	0.38	0.56	-0.19	-0.53	0.43	0.55	0.35	0.43	0.57	-0.62	0.84	0.5	0.52	0.46	0.71	0.4		0.45	0.6	-0.46	0.47	0.5	-0.49	0.7	-0.48
Common Stock	0.71	0.7	0.85	-0.61	-0.41	0.68	0.86	0.71	0.68	0.85	-0.7	0.75	0.96	0.87	0.88	0.72	0.82	0.45		0.86	-0.48	0.86	0.86	-0.89	0.67	-0.52
Property Plant Equipment	0.78	0.66	0.98	-0.67	-0.57	0.85	1.0	0.66	0.85	0.99	-0.92	0.83	0.85	0.99	0.97	0.76	0.94	0.6	0.86		-0.79	0.97	0.99	-0.94	0.79	-0.82
Short Term Debt	-0.47	-0.27	-0.78	0.43	0.27	-0.62	-0.78	-0.26	-0.62	-0.78	0.79	-0.63	-0.41	-0.79	-0.77	-0.4	-0.76	-0.46	-0.48	-0.79		-0.8	-0.81	0.65	-0.54	1.0
Other Current Liab	0.65	0.57	0.98	-0.63	-0.41	0.78	0.98	0.58	0.78	0.97	-0.85	0.73	0.82	0.99	0.99	0.63	0.96	0.47	0.86	0.97	-0.8		0.99	-0.93	0.71	-0.83
Other Liab	0.69	0.62	0.97	-0.67	-0.49	0.81	0.99	0.62	0.81	0.98	-0.89	0.76	0.83	1.0	0.99	0.68	0.95	0.5	0.86	0.99	-0.81	0.99		-0.95	0.73	-0.84
Net Tangible Assets	-0.66	-0.6	-0.92	0.61	0.5	-0.71	-0.93	-0.6	-0.71	-0.92	0.78	-0.69	-0.84	-0.96	-0.96	-0.65	-0.86	-0.49	-0.89	-0.94	0.65	-0.93	-0.95		-0.65	0.67
Accounts Payable	0.83	0.79	0.74	-0.72	-0.7	0.74	0.76	0.77	0.74	0.8	-0.86	0.8	0.75	0.71	0.66	0.85	0.71	0.7	0.67	0.79	-0.54	0.71	0.73	-0.65		-0.58
Deferred Long Term Liab	-0.51	-0.31	-0.81	0.47	0.3	-0.65	-0.81	-0.31	-0.65	-0.81	0.82	-0.66	-0.46	-0.82	-0.8	-0.45	-0.8	-0.48	-0.52	-0.82	1.0	-0.83	-0.84	0.67	-0.58

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Aker BP Account Relationship Matchups

Aker BP fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.0B	10.7B	12.2B	12.4B	14.3B	12.5B
Short Long Term Debt Total	1.9B	2.0B	3.3B	4.1B	4.7B	3.0B
Total Current Liabilities	1.7B	1.0B	2.5B	6.2B	7.2B	7.5B
Total Stockholder Equity	3.0B	3.0B	2.4B	2.0B	1.8B	2.0B
Retained Earnings	(1.2B)	(1.8B)	(2.2B)	(1.8B)	(1.6B)	(1.7B)
Cash	231.5M	44.9M	107.1M	537.8M	618.5M	649.4M
Other Assets	37.6M	69.3M	102.2M	276.9M	318.5M	334.4M
Long Term Debt	1.9B	2.0B	3.1B	4.0B	4.6B	3.0B
Cash And Short Term Investments	231.5M	44.9M	107.1M	537.8M	618.5M	649.4M
Net Receivables	458.1M	525.1M	821.5M	1.5B	1.7B	1.8B
Inventory	87.5M	112.7M	126.4M	209.5M	240.9M	121.7M
Other Stockholder Equity	(115.6M)	(115.6M)	(115.6M)	179.8M	206.7M	217.1M
Total Liab	9.0B	7.7B	9.9B	10.4B	12.0B	9.6B
Total Current Assets	718.6M	1.3B	3.0B	4.8B	5.5B	5.7B
Intangible Assets	2.0B	2.4B	2.5B	2.0B	2.3B	2.4B
Property Plant Equipment	7.2B	7.4B	8.1B	16.0B	18.4B	19.3B
Other Current Liab	972.6M	599.5M	2.0B	5.8B	6.6B	7.0B
Other Liab	4.9B	5.3B	6.0B	13.5B	15.5B	16.3B
Net Tangible Assets	(1.9B)	(1.7B)	(969.6M)	(4.1B)	(3.7B)	(3.5B)
Accounts Payable	144.9M	113.5M	147.4M	133.9M	154.0M	142.0M

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Aker Cash vs Total Current Assets Analysis

Cash vs Total Current Assets

Cash vs Total Current Assets Correlation Analysis

Correlation Coefficient

Cash

Total Current Assets

Aker BP fundamental ratios Correlations

Aker BP Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aker BP fundamental ratios Accounts

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Additional Tools for Aker Stock Analysis

COMMON DESTINATIONS

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Long Term Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Net Receivables	+ 1.0	Other Assets
Property Plant Equipment	+ 1.0	Other Assets
Other Liab	+ 1.0	Other Current Assets
Deferred Long Term Liab	+ 1.0	Short Term Debt

Net Tangible Assets	- 0.96	Other Stockholder Equity
Net Tangible Assets	- 0.96	Other Current Assets
Net Tangible Assets	- 0.95	Other Liab
Net Tangible Assets	- 0.94	Property Plant Equipment
Net Tangible Assets	- 0.93	Other Current Liab
Good Will	- 0.93	Net Receivables