| 0RMV Stock | | | 29.71 0.57 1.96% |
TechnipFMC PLC financial indicator trend analysis is much more than just breaking down TechnipFMC PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TechnipFMC PLC is a good investment. Please check the relationship between TechnipFMC PLC Cash and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in TechnipFMC PLC. 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.
For more information on how to buy TechnipFMC Stock please use our
How to Invest in TechnipFMC PLC guide.
Cash vs Other Stockholder Equity
Cash vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TechnipFMC PLC Cash account and
Other Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between TechnipFMC PLC's Cash and Other Stockholder Equity is 0.94. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of TechnipFMC PLC, assuming nothing else is changed. The correlation between historical values of TechnipFMC PLC's Cash and Other Stockholder Equity 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 TechnipFMC PLC are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Cash i.e., TechnipFMC PLC's Cash and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of TechnipFMC PLC, which is listed under current asset account on TechnipFMC PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from TechnipFMC PLC customers. The amounts must be unrestricted with restricted cash listed in a different TechnipFMC PLC 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.
Other Stockholder Equity
Most indicators from TechnipFMC PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TechnipFMC PLC 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 TechnipFMC PLC. 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.
For more information on how to buy TechnipFMC Stock please use our
How to Invest in TechnipFMC PLC guide.
Tax Provision is likely to gain to about 222.3
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.1
B in 2024.
TechnipFMC PLC fundamental ratios Correlations
Click cells to compare fundamentals
TechnipFMC PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TechnipFMC PLC fundamental ratios Accounts
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Additional Tools for TechnipFMC Stock Analysis
When running TechnipFMC PLC's price analysis, check to
measure TechnipFMC PLC'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 TechnipFMC PLC is operating at the current time. Most of TechnipFMC PLC's value examination focuses on studying past and present price action to
predict the probability of TechnipFMC PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TechnipFMC PLC's price. Additionally, you may evaluate how the addition of TechnipFMC PLC to your portfolios can decrease your overall portfolio volatility.