Aban Long Term Debt vs Total Assets 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 Long Term Debt and its Total Assets 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.

Long Term Debt vs Total Assets

Long Term Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aban Offshore Limited Long Term Debt account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Aban Offshore's Long Term Debt and Total Assets is 0.85. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Assets 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 Long Term Debt 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 Long Term Debt of Aban Offshore Limited 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 Long Term Debt i.e., Aban Offshore's Long Term Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Long Term Debt

Long-term debt is a debt that Aban Offshore Limited has held for over one year. Long-term debt appears on Aban Offshore Limited 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 Aban Offshore Limited 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.

Total Assets

Total assets refers to the total amount of Aban Offshore 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 Aban Offshore Limited 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 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 Long Term Debt vs Total Assets Analysis

Long Term Debt vs Total Assets

Long Term Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Long Term Debt

Total Assets

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

MAIN CATEGORIES

COMPANY

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