Aban Common Stock vs Retained Earnings Analysis

ABAN Stock

64.77 0.61 0.95%

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

Common Stock vs Retained Earnings

Common Stock vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aban Offshore Limited Common Stock account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between Aban Offshore's Common Stock and Retained Earnings is 0.68. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Aban Offshore Limited, assuming nothing else is changed. The correlation between historical values of Aban Offshore's Common Stock and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Aban Offshore Limited are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Common Stock i.e., Aban Offshore's Common Stock and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

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Common Stock

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Aban Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aban Offshore Limited 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 Aban Offshore Limited. 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 drop to about 908.5 M in 2024. Tax Provision is likely to drop to about 134.6 M in 2024

Aban Offshore fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity
Total Assets		-0.18	-0.7	0.87	0.83	0.73	0.57	-0.15	0.85	0.89	0.77	-0.55	-0.17	0.65	0.75	0.96	0.08	0.95	0.08	1.0	-0.11	0.36	-0.17	-0.55	0.86	0.75
Other Current Liab	-0.18		0.45	-0.32	-0.33	0.09	-0.27	0.09	-0.36	-0.06	-0.07	-0.15	0.25	-0.23	-0.26	-0.14	0.25	-0.12	0.25	-0.19	-0.71	-0.36	0.27	0.24	-0.35	0.14
Total Current Liabilities	-0.7	0.45		-0.93	-0.94	-0.19	-0.32	0.16	-0.81	-0.46	-0.3	0.53	0.71	-0.62	-0.7	-0.63	0.6	-0.61	0.6	-0.72	-0.12	-0.25	0.65	0.57	-0.81	-0.41
Total Stockholder Equity	0.87	-0.32	-0.93		1.0	0.42	0.36	-0.2	0.79	0.71	0.54	-0.65	-0.6	0.6	0.69	0.83	-0.42	0.83	-0.42	0.88	-0.07	0.22	-0.52	-0.63	0.79	0.59
Retained Earnings	0.83	-0.33	-0.94	1.0		0.37	0.33	-0.23	0.77	0.66	0.48	-0.65	-0.65	0.6	0.68	0.8	-0.48	0.8	-0.48	0.85	-0.05	0.21	-0.57	-0.66	0.78	0.54
Accounts Payable	0.73	0.09	-0.19	0.42	0.37		0.42	-0.2	0.51	0.74	0.89	-0.44	0.23	0.47	0.49	0.69	0.48	0.7	0.48	0.71	-0.32	0.19	0.11	-0.33	0.52	0.54
Cash	0.57	-0.27	-0.32	0.36	0.33	0.42		0.06	0.61	0.45	0.32	0.16	0.22	0.57	0.66	0.45	0.3	0.41	0.29	0.57	0.12	0.92	-0.07	-0.13	0.6	0.43
Other Assets	-0.15	0.09	0.16	-0.2	-0.23	-0.2	0.06		-0.11	-0.2	-0.05	0.2	0.23	0.0	-0.07	-0.23	0.19	-0.22	0.19	-0.15	0.18	-0.02	0.11	0.63	-0.11	-0.05
Long Term Debt	0.85	-0.36	-0.81	0.79	0.77	0.51	0.61	-0.11		0.6	0.48	-0.4	-0.26	0.77	0.87	0.73	-0.09	0.7	-0.09	0.86	0.2	0.46	-0.33	-0.49	1.0	0.56
Net Receivables	0.89	-0.06	-0.46	0.71	0.66	0.74	0.45	-0.2	0.6		0.84	-0.54	-0.01	0.27	0.45	0.95	0.23	0.91	0.23	0.87	-0.28	0.29	0.15	-0.52	0.62	0.79
Inventory	0.77	-0.07	-0.3	0.54	0.48	0.89	0.32	-0.05	0.48	0.84		-0.49	0.16	0.33	0.4	0.79	0.39	0.78	0.4	0.74	-0.28	0.1	0.16	-0.3	0.49	0.6
Other Current Assets	-0.55	-0.15	0.53	-0.65	-0.65	-0.44	0.16	0.2	-0.4	-0.54	-0.49		0.47	-0.29	-0.34	-0.57	0.31	-0.57	0.31	-0.55	0.21	0.36	0.25	0.66	-0.41	-0.39
Total Liab	-0.17	0.25	0.71	-0.6	-0.65	0.23	0.22	0.23	-0.26	-0.01	0.16	0.47		-0.2	-0.23	-0.16	0.93	-0.17	0.94	-0.19	-0.05	0.19	0.81	0.45	-0.26	-0.03
Intangible Assets	0.65	-0.23	-0.62	0.6	0.6	0.47	0.57	0.0	0.77	0.27	0.33	-0.29	-0.2		0.88	0.43	-0.08	0.47	-0.08	0.68	0.17	0.37	-0.53	-0.36	0.76	0.34
Common Stock	0.75	-0.26	-0.7	0.69	0.68	0.49	0.66	-0.07	0.87	0.45	0.4	-0.34	-0.23	0.88		0.56	-0.06	0.52	-0.06	0.77	0.18	0.42	-0.46	-0.49	0.86	0.55
Property Plant Equipment	0.96	-0.14	-0.63	0.83	0.8	0.69	0.45	-0.23	0.73	0.95	0.79	-0.57	-0.16	0.43	0.56		0.08	0.98	0.08	0.95	-0.2	0.28	-0.05	-0.56	0.74	0.74
Short Long Term Debt Total	0.08	0.25	0.6	-0.42	-0.48	0.48	0.3	0.19	-0.09	0.23	0.39	0.31	0.93	-0.08	-0.06	0.08		0.06	1.0	0.05	-0.1	0.19	0.78	0.3	-0.09	0.18
Property Plant And Equipment Net	0.95	-0.12	-0.61	0.83	0.8	0.7	0.41	-0.22	0.7	0.91	0.78	-0.57	-0.17	0.47	0.52	0.98	0.06		0.07	0.94	-0.23	0.26	-0.09	-0.53	0.71	0.67
Net Debt	0.08	0.25	0.6	-0.42	-0.48	0.48	0.29	0.19	-0.09	0.23	0.4	0.31	0.94	-0.08	-0.06	0.08	1.0	0.07		0.05	-0.1	0.18	0.78	0.3	-0.09	0.18
Non Current Assets Total	1.0	-0.19	-0.72	0.88	0.85	0.71	0.57	-0.15	0.86	0.87	0.74	-0.55	-0.19	0.68	0.77	0.95	0.05	0.94	0.05		-0.09	0.37	-0.21	-0.56	0.87	0.74
Non Currrent Assets Other	-0.11	-0.71	-0.12	-0.07	-0.05	-0.32	0.12	0.18	0.2	-0.28	-0.28	0.21	-0.05	0.17	0.18	-0.2	-0.1	-0.23	-0.1	-0.09		0.14	-0.13	-0.07	0.19	-0.33
Cash And Short Term Investments	0.36	-0.36	-0.25	0.22	0.21	0.19	0.92	-0.02	0.46	0.29	0.1	0.36	0.19	0.37	0.42	0.28	0.19	0.26	0.18	0.37	0.14		-0.05	-0.08	0.46	0.26
Common Stock Shares Outstanding	-0.17	0.27	0.65	-0.52	-0.57	0.11	-0.07	0.11	-0.33	0.15	0.16	0.25	0.81	-0.53	-0.46	-0.05	0.78	-0.09	0.78	-0.21	-0.13	-0.05		0.32	-0.33	0.11
Short Term Investments	-0.55	0.24	0.57	-0.63	-0.66	-0.33	-0.13	0.63	-0.49	-0.52	-0.3	0.66	0.45	-0.36	-0.49	-0.56	0.3	-0.53	0.3	-0.56	-0.07	-0.08	0.32		-0.5	-0.37
Non Current Liabilities Total	0.86	-0.35	-0.81	0.79	0.78	0.52	0.6	-0.11	1.0	0.62	0.49	-0.41	-0.26	0.76	0.86	0.74	-0.09	0.71	-0.09	0.87	0.19	0.46	-0.33	-0.5		0.57
Other Stockholder Equity	0.75	0.14	-0.41	0.59	0.54	0.54	0.43	-0.05	0.56	0.79	0.6	-0.39	-0.03	0.34	0.55	0.74	0.18	0.67	0.18	0.74	-0.33	0.26	0.11	-0.37	0.57

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Aban Offshore Account Relationship Matchups

Aban Offshore fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	60.1B	46.2B	29.7B	17.4B	15.2B	14.4B
Other Current Liab	3.1B	(118.5M)	68.8B	10K	96.9B	101.7B
Total Current Liabilities	213.3B	213.7B	224.8B	240.4B	253.9B	266.6B
Total Stockholder Equity	(153.2B)	(168.2B)	(195.1B)	(223.0B)	(238.7B)	(226.8B)
Retained Earnings	(165.7B)	(185.4B)	(207.2B)	(218.1B)	(231.3B)	(219.7B)
Accounts Payable	9.4B	6.1B	3.4B	3.9B	3.9B	6.0B
Cash	439.9M	722.5M	864.5M	1.5B	435.1M	413.3M
Other Assets	918.0M	1.9B	12.9B	10K	11.5K	10.9K
Net Receivables	11.0B	5.4B	4.2B	5.5B	3.3B	3.1B
Inventory	4.6B	2.9B	2.0B	966.1M	1.1B	1.1B
Other Current Assets	129.3M	3.1B	2.0B	4.4B	840.2M	1.2B
Total Liab	213.3B	214.4B	224.8B	240.4B	253.9B	152.6B
Intangible Assets	3.1B	3.3B	3.4B	3.7B	3.7B	3.5B
Property Plant Equipment	37.4B	28.7B	3.7B	3.3B	3.8B	3.6B
Short Long Term Debt Total	153.8B	149.0B	149.7B	151.3B	153.1B	129.7B
Property Plant And Equipment Net	37.4B	28.7B	3.7B	3.3B	3.0B	2.8B
Net Debt	153.4B	148.3B	148.8B	149.9B	152.6B	127.2B
Non Current Assets Total	41.7B	34.1B	20.1B	9.8B	9.5B	9.0B
Non Currrent Assets Other	512.1M	1.3B	12.3B	2.2B	2.1B	2.2B
Cash And Short Term Investments	439.9M	722.5M	864.5M	2.2B	435.1M	413.3M
Short Term Investments	160K	1.7B	1.9B	684.6M	395.7M	450.3M
Liabilities And Stockholders Equity	60.1B	46.2B	29.7B	17.4B	15.2B	14.4B
Non Current Liabilities Total	6.3M	692.0M	810K	4.1M	5.1M	4.8M
Other Stockholder Equity	10.9B	19.3B	19.3B	17.8B	17.9B	17.0B
Total Current Assets	18.4B	12.1B	9.5B	7.6B	5.7B	5.4B
Accumulated Other Comprehensive Income	(164.0B)	(766.6M)	(5.9B)	(22.8B)	(25.4B)	(26.7B)
Other Liab	3.8B	6.3M	11.6M	810K	931.5K	884.9K
Current Deferred Revenue	47.0B	56.5B	69.0B	85.0B	28.6M	27.2M
Short Term Debt	153.8B	94.7B	152.5B	151.3B	153.1B	85.1B
Net Tangible Assets	(55.8B)	(156.3B)	(171.5B)	(198.5B)	(178.6B)	(169.7B)
Short Long Term Debt	156.9B	123.4M	149.7B	151.3B	153.1B	105.9B
Net Invested Capital	3.7B	(168.1B)	(195.1B)	(71.6B)	(85.6B)	(81.4B)
Net Working Capital	(194.9B)	(201.6B)	(215.3B)	(232.8B)	(248.2B)	(260.6B)

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Aban Common Stock vs Retained Earnings Analysis

Common Stock vs Retained Earnings

Common Stock vs Retained Earnings Correlation Analysis

Correlation Coefficient

Common Stock

Retained Earnings

Aban Offshore fundamental ratios Correlations

Aban Offshore Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aban Offshore fundamental ratios Accounts

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COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Liabilities Total	+ 1.0	Long Term Debt
Net Debt	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.98	Property Plant Equipment
Property Plant Equipment	+ 0.96	Total Assets

Retained Earnings	- 0.94	Total Current Liabilities
Total Stockholder Equity	- 0.93	Total Current Liabilities
Non Current Liabilities Total	- 0.81	Total Current Liabilities
Long Term Debt	- 0.81	Total Current Liabilities
Non Current Assets Total	- 0.72	Total Current Liabilities
Non Currrent Assets Other	- 0.71	Other Current Liab