Offshore Other Liab vs Long Term Debt Analysis

600583 Stock   5.44  0.04  0.73%   
Offshore Oil financial indicator trend analysis is much more than just breaking down Offshore Oil Engineering prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Offshore Oil Engineering is a good investment. Please check the relationship between Offshore Oil Other Liab and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Offshore Oil Engineering. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Other Liab vs Long Term Debt

Other Liab vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Offshore Oil Engineering Other Liab account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Offshore Oil's Other Liab and Long Term Debt is 0.69. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Offshore Oil Engineering, assuming nothing else is changed. The correlation between historical values of Offshore Oil's Other Liab and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Offshore Oil Engineering are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Other Liab i.e., Offshore Oil's Other Liab and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Liab

Long Term Debt

Long-term debt is a debt that Offshore Oil Engineering has held for over one year. Long-term debt appears on Offshore Oil Engineering balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Offshore Oil Engineering balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from Offshore Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Offshore Oil Engineering 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 Offshore Oil Engineering. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
As of December 18, 2024, Selling General Administrative is expected to decline to about 78.9 M. In addition to that, Tax Provision is expected to decline to about 225.4 M
 2021 2022 2023 2024 (projected)
Operating Income998.3M1.0B1.7B1.3B
Total Revenue19.8B29.4B30.8B32.3B

Offshore Oil fundamental ratios Correlations

0.350.670.920.880.660.370.460.850.290.250.640.650.880.750.1-0.440.62-0.440.05-0.540.470.560.590.42-0.45
0.350.230.160.120.1-0.310.330.380.060.220.350.060.340.420.370.280.03-0.130.27-0.030.01-0.140.21-0.15-0.11
0.670.230.450.420.980.190.080.590.040.30.960.750.440.410.08-0.420.88-0.85-0.61-0.890.890.510.870.82-0.87
0.920.160.450.980.490.510.490.770.420.120.380.60.850.63-0.08-0.560.54-0.230.2-0.390.30.650.340.28-0.24
0.880.120.420.980.470.490.380.730.410.040.310.640.740.49-0.24-0.640.59-0.260.23-0.440.330.710.370.29-0.27
0.660.10.980.490.470.230.040.610.080.270.910.790.40.34-0.02-0.480.91-0.86-0.62-0.920.910.570.860.85-0.88
0.37-0.310.190.510.490.230.090.110.03-0.260.150.520.390.370.03-0.320.27-0.06-0.15-0.050.130.260.010.21-0.04
0.460.330.080.490.380.040.090.270.450.20.16-0.130.720.630.230.04-0.020.150.30.03-0.10.3-0.12-0.050.17
0.850.380.590.770.730.610.110.270.20.230.590.610.70.590.19-0.280.51-0.33-0.01-0.50.370.360.490.34-0.38
0.290.060.040.420.410.080.030.450.20.560.00.10.370.19-0.09-0.270.120.20.16-0.05-0.110.34-0.07-0.20.22
0.250.220.30.120.040.27-0.260.20.230.560.31-0.060.230.20.21-0.120.07-0.06-0.02-0.130.050.010.23-0.08-0.06
0.640.350.960.380.310.910.150.160.590.00.310.660.490.560.34-0.160.73-0.77-0.62-0.750.780.30.780.71-0.79
0.650.060.750.60.640.790.52-0.130.610.1-0.060.660.360.32-0.07-0.50.84-0.64-0.49-0.720.710.490.680.69-0.65
0.880.340.440.850.740.40.390.720.70.370.230.490.360.910.35-0.20.31-0.130.16-0.220.160.380.230.17-0.13
0.750.420.410.630.490.340.370.630.590.190.20.560.320.910.660.130.15-0.110.02-0.090.10.040.20.13-0.11
0.10.370.08-0.08-0.24-0.020.030.230.19-0.090.210.34-0.070.350.660.69-0.350.19-0.160.31-0.26-0.65-0.14-0.20.18
-0.440.28-0.42-0.56-0.64-0.48-0.320.04-0.28-0.27-0.12-0.16-0.5-0.20.130.69-0.690.40.050.61-0.52-0.85-0.43-0.490.41
0.620.030.880.540.590.910.27-0.020.510.120.070.730.840.310.15-0.35-0.69-0.85-0.5-0.950.930.770.850.85-0.86
-0.44-0.13-0.85-0.23-0.26-0.86-0.060.15-0.330.2-0.06-0.77-0.64-0.13-0.110.190.4-0.850.580.86-0.96-0.47-0.86-0.850.99
0.050.27-0.610.20.23-0.62-0.150.3-0.010.16-0.02-0.62-0.490.160.02-0.160.05-0.50.580.55-0.65-0.05-0.44-0.710.58
-0.54-0.03-0.89-0.39-0.44-0.92-0.050.03-0.5-0.05-0.13-0.75-0.72-0.22-0.090.310.61-0.950.860.55-0.95-0.72-0.88-0.90.89
0.470.010.890.30.330.910.13-0.10.37-0.110.050.780.710.160.1-0.26-0.520.93-0.96-0.65-0.950.610.870.93-0.97
0.56-0.140.510.650.710.570.260.30.360.340.010.30.490.380.04-0.65-0.850.77-0.47-0.05-0.720.610.510.59-0.49
0.590.210.870.340.370.860.01-0.120.49-0.070.230.780.680.230.2-0.14-0.430.85-0.86-0.44-0.880.870.510.78-0.88
0.42-0.150.820.280.290.850.21-0.050.34-0.2-0.080.710.690.170.13-0.2-0.490.85-0.85-0.71-0.90.930.590.78-0.86
-0.45-0.11-0.87-0.24-0.27-0.88-0.040.17-0.380.22-0.06-0.79-0.65-0.13-0.110.180.41-0.860.990.580.89-0.97-0.49-0.88-0.86
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Offshore Oil Account Relationship Matchups

Offshore Oil fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets31.9B33.3B34.7B42.6B43.3B22.0B
Other Current Liab1.1B992.2M2.0B3.4B519.4M493.4M
Total Current Liabilities8.5B9.6B11.1B16.2B15.6B16.4B
Total Stockholder Equity22.7B22.7B22.7B23.7B24.8B14.0B
Retained Earnings13.5B13.6B13.7B14.8B14.0B7.5B
Accounts Payable6.9B7.5B8.5B11.7B12.5B13.2B
Cash1.7B1.6B1.2B2.1B4.3B4.5B
Other Assets589.3M512.2M527.5M465.0M534.7M355.6M
Net Receivables4.9B7.4B5.7B6.3B6.1B3.2B
Inventory5.1B1.0B1.2B1.3B982.8M1.5B
Other Current Assets4.8B316.2M674.4M2.5B1.2B866.8M
Total Liab9.2B10.6B11.9B17.0B16.5B17.3B
Intangible Assets1.1B1.1B1.1B2.3B2.2B2.3B
Property Plant Equipment11.4B11.3B11.7B13.9B16.0B9.7B
Other Liab473.6M567.0M283.7M597.1M686.7M608.2M
Long Term Debt246.9M436.2M475.1M159.6M220.0M209.0M
Net Tangible Assets21.5B21.5B21.6B21.4B19.3B17.4B
Other Stockholder Equity490.7M386.5M382.1M184.2M165.8M157.5M
Deferred Long Term Liab77.7M101.0M197.5M219.3M252.2M264.9M
Total Current Assets16.5B16.9B18.0B25.6B24.6B19.0B
Non Current Assets Total15.4B16.4B16.6B17.1B18.7B18.2B
Non Currrent Assets Other16.2B15.4B12.5B1.5B1.4B1.3B
Non Current Liabilities Total693.6M1.0B798.4M771.3M844.5M730.3M
Net Invested Capital22.9B23.3B23.2B24.2B25.0B25.9B
Non Current Liabilities Other265.3M328.5M91.1M338.1M341.7M247.7M
Net Working Capital8.0B7.2B7.0B9.4B9.0B8.7B

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Other Information on Investing in Offshore Stock

Balance Sheet is a snapshot of the financial position of Offshore Oil Engineering at a specified time, usually calculated after every quarter, six months, or one year. Offshore Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Offshore Oil and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Offshore currently owns. An asset can also be divided into two categories, current and non-current.