Freeport Short Term Investments vs Total Assets Analysis

0R2O Stock   38.98  1.05  2.77%   
Freeport McMoRan financial indicator trend analysis is much more than just examining Freeport McMoRan latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freeport McMoRan is a good investment. Please check the relationship between Freeport McMoRan Short Term Investments and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Freeport McMoRan. 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.

Short Term Investments vs Total Assets

Short Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Freeport McMoRan Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Freeport McMoRan's Short Term Investments and Total Assets is 0.25. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Freeport McMoRan, assuming nothing else is changed. The correlation between historical values of Freeport McMoRan's Short Term Investments and Total 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 Short Term Investments of Freeport McMoRan are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Term Investments i.e., Freeport McMoRan's Short Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

0.25
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Term Investments

Short Term Investments is an item under the current assets section of Freeport McMoRan balance sheet. It contains any investments Freeport McMoRan undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Freeport McMoRan can easily liquidate in the marketplace.

Total Assets

Total assets refers to the total amount of Freeport McMoRan assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Freeport McMoRan books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Freeport McMoRan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freeport McMoRan 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 Freeport McMoRan. 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.
Selling General Administrative is likely to gain to about 427.5 M in 2024, whereas Tax Provision is likely to drop slightly above 927.3 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue22.8B22.8B22.9B24.0B
Depreciation And Amortization2.0B2.0B2.1B1.1B

Freeport McMoRan fundamental ratios Correlations

0.660.790.850.770.980.510.060.270.980.120.280.610.440.750.910.440.70.780.710.930.30.570.510.25-0.74
0.660.580.470.180.720.94-0.31-0.260.74-0.24-0.270.20.340.970.420.850.560.950.140.530.390.460.11-0.16-0.52
0.790.580.640.690.740.350.010.310.760.110.30.850.630.740.680.340.690.790.610.670.10.70.460.2-0.64
0.850.470.640.630.750.24-0.040.60.74-0.020.610.610.510.520.850.260.670.590.890.920.650.610.670.27-0.76
0.770.180.690.630.720.070.60.340.720.290.350.630.080.310.780.080.290.350.640.71-0.010.170.570.06-0.33
0.980.720.740.750.720.630.090.081.00.10.090.480.350.80.840.540.620.810.550.870.210.470.430.19-0.66
0.510.940.350.240.070.63-0.23-0.560.65-0.22-0.56-0.090.070.860.270.90.360.81-0.140.360.240.19-0.07-0.32-0.32
0.06-0.310.01-0.040.60.09-0.23-0.050.070.21-0.040.03-0.62-0.30.08-0.18-0.59-0.29-0.020.06-0.35-0.620.25-0.290.52
0.27-0.260.310.60.340.08-0.56-0.050.060.111.00.650.51-0.150.42-0.50.39-0.060.860.40.370.490.520.54-0.42
0.980.740.760.740.721.00.650.070.060.110.070.490.350.820.840.550.640.820.540.860.220.480.420.16-0.66
0.12-0.240.11-0.020.290.1-0.220.210.110.110.120.310.0-0.150.11-0.380.04-0.160.1-0.03-0.360.00.390.210.07
0.28-0.270.30.610.350.09-0.56-0.041.00.070.120.640.5-0.160.43-0.50.39-0.060.860.410.370.480.530.54-0.42
0.610.20.850.610.630.48-0.090.030.650.490.310.640.690.390.59-0.160.60.460.760.530.140.70.560.4-0.53
0.440.340.630.510.080.350.07-0.620.510.350.00.50.690.50.410.00.820.550.570.410.30.970.280.61-0.79
0.750.970.740.520.310.80.86-0.3-0.150.82-0.15-0.160.390.50.520.760.670.990.250.590.280.60.180.0-0.63
0.910.420.680.850.780.840.270.080.420.840.110.430.590.410.520.270.680.560.810.940.320.550.490.28-0.77
0.440.850.340.260.080.540.9-0.18-0.50.55-0.38-0.5-0.160.00.760.270.30.73-0.110.40.250.15-0.03-0.39-0.33
0.70.560.690.670.290.620.36-0.590.390.640.040.390.60.820.670.680.30.70.660.640.40.910.270.4-0.95
0.780.950.790.590.350.810.81-0.29-0.060.82-0.16-0.060.460.550.990.560.730.70.340.650.340.650.260.03-0.67
0.710.140.610.890.640.55-0.14-0.020.860.540.10.860.760.570.250.81-0.110.660.340.790.470.640.630.46-0.72
0.930.530.670.920.710.870.360.060.40.86-0.030.410.530.410.590.940.40.640.650.790.450.550.490.29-0.75
0.30.390.10.65-0.010.210.24-0.350.370.22-0.360.370.140.30.280.320.250.40.340.470.450.380.28-0.13-0.45
0.570.460.70.610.170.470.19-0.620.490.480.00.480.70.970.60.550.150.910.650.640.550.380.30.53-0.89
0.510.110.460.670.570.43-0.070.250.520.420.390.530.560.280.180.49-0.030.270.260.630.490.280.30.14-0.32
0.25-0.160.20.270.060.19-0.32-0.290.540.160.210.540.40.610.00.28-0.390.40.030.460.29-0.130.530.14-0.45
-0.74-0.52-0.64-0.76-0.33-0.66-0.320.52-0.42-0.660.07-0.42-0.53-0.79-0.63-0.77-0.33-0.95-0.67-0.72-0.75-0.45-0.89-0.32-0.45
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Freeport McMoRan Account Relationship Matchups

Freeport McMoRan fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets40.8B42.1B48.0B51.1B52.5B55.1B
Short Long Term Debt Total9.8B9.7B9.5B10.6B9.9B6.2B
Other Current Liab1.4B1.5B1.7B1.7B1.6B869.4M
Total Current Liabilities3.2B3.4B5.9B6.3B5.8B6.1B
Total Stockholder Equity9.3B10.2B14.0B15.6B16.7B17.5B
Property Plant And Equipment Net29.6B29.8B30.3B32.6B35.3B37.1B
Net Debt7.8B6.1B1.4B2.5B4.2B4.3B
Retained Earnings(12.3B)(11.7B)(7.4B)(3.9B)(2.1B)(2.2B)
Cash2.0B3.7B8.1B8.1B5.7B5.9B
Non Current Assets Total33.0B32.8B33.2B35.5B38.4B40.4B
Non Currrent Assets Other3.4B3.0B2.8B(2.1B)2.4B2.5B
Cash And Short Term Investments2.0B3.7B8.1B8.1B6.0B6.3B
Net Receivables1.2B1.4B1.7B1.8B1.7B853.7M
Common Stock Shares Outstanding1.5B1.5B1.5B1.5B1.4B814.2M
Liabilities And Stockholders Equity40.8B42.1B48.0B51.1B52.5B55.1B
Non Current Liabilities Total20.2B20.1B19.1B19.9B19.4B10.9B
Other Current Assets655M341M523M492M375M387.8M
Other Stockholder Equity22.1B22.3B21.6B19.6B18.9B19.8B
Total Liab23.4B23.5B25.0B26.2B25.2B13.4B
Total Current Assets7.8B9.3B14.8B15.6B14.1B14.8B
Accounts Payable1.7B1.5B2.0B2.7B2.5B2.6B
Short Term Debt49M72M410M1.1B850M892.5M
Accumulated Other Comprehensive Income(676M)(583M)(388M)(320M)(274M)(287.7M)
Intangible Assets402M401M412M416M422M405.2M
Other Assets2.6B2.3B2.2B2.2B2.0B2.6B
Long Term Debt11.8B11.1B9.8B9.7B8.7B9.2B
Capital Surpluse26.8B26.0B25.8B26.0B23.4B21.0B
Treasury Stock(3.7B)(3.7B)(3.7B)(3.8B)(3.4B)(3.6B)
Property Plant Equipment29.6B29.8B30.3B32.6B37.5B30.9B
Other Liab10.1B10.2B9.8B10B11.5B10.9B
Net Tangible Assets8.9B9.8B13.6B15.1B17.4B11.8B

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