Aban Non Currrent Assets Other vs Total Stockholder Equity 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 Non Currrent Assets Other and its Total Stockholder Equity 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.

Non Currrent Assets Other vs Total Stockholder Equity

Non Currrent Assets Other vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aban Offshore Limited Non Currrent Assets Other account and Total Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Aban Offshore's Non Currrent Assets Other and Total Stockholder Equity is -0.07. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Stockholder Equity 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 Non Currrent Assets Other and Total 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 Non Currrent Assets Other of Aban Offshore Limited are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Non Currrent Assets Other i.e., Aban Offshore's Non Currrent Assets Other and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.07
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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

-0.18-0.70.870.830.730.57-0.150.850.890.77-0.55-0.170.650.750.960.080.950.081.0-0.110.36-0.17-0.550.860.75
-0.180.45-0.32-0.330.09-0.270.09-0.36-0.06-0.07-0.150.25-0.23-0.26-0.140.25-0.120.25-0.19-0.71-0.360.270.24-0.350.14
-0.70.45-0.93-0.94-0.19-0.320.16-0.81-0.46-0.30.530.71-0.62-0.7-0.630.6-0.610.6-0.72-0.12-0.250.650.57-0.81-0.41
0.87-0.32-0.931.00.420.36-0.20.790.710.54-0.65-0.60.60.690.83-0.420.83-0.420.88-0.070.22-0.52-0.630.790.59
0.83-0.33-0.941.00.370.33-0.230.770.660.48-0.65-0.650.60.680.8-0.480.8-0.480.85-0.050.21-0.57-0.660.780.54
0.730.09-0.190.420.370.42-0.20.510.740.89-0.440.230.470.490.690.480.70.480.71-0.320.190.11-0.330.520.54
0.57-0.27-0.320.360.330.420.060.610.450.320.160.220.570.660.450.30.410.290.570.120.92-0.07-0.130.60.43
-0.150.090.16-0.2-0.23-0.20.06-0.11-0.2-0.050.20.230.0-0.07-0.230.19-0.220.19-0.150.18-0.020.110.63-0.11-0.05
0.85-0.36-0.810.790.770.510.61-0.110.60.48-0.4-0.260.770.870.73-0.090.7-0.090.860.20.46-0.33-0.491.00.56
0.89-0.06-0.460.710.660.740.45-0.20.60.84-0.54-0.010.270.450.950.230.910.230.87-0.280.290.15-0.520.620.79
0.77-0.07-0.30.540.480.890.32-0.050.480.84-0.490.160.330.40.790.390.780.40.74-0.280.10.16-0.30.490.6
-0.55-0.150.53-0.65-0.65-0.440.160.2-0.4-0.54-0.490.47-0.29-0.34-0.570.31-0.570.31-0.550.210.360.250.66-0.41-0.39
-0.170.250.71-0.6-0.650.230.220.23-0.26-0.010.160.47-0.2-0.23-0.160.93-0.170.94-0.19-0.050.190.810.45-0.26-0.03
0.65-0.23-0.620.60.60.470.570.00.770.270.33-0.29-0.20.880.43-0.080.47-0.080.680.170.37-0.53-0.360.760.34
0.75-0.26-0.70.690.680.490.66-0.070.870.450.4-0.34-0.230.880.56-0.060.52-0.060.770.180.42-0.46-0.490.860.55
0.96-0.14-0.630.830.80.690.45-0.230.730.950.79-0.57-0.160.430.560.080.980.080.95-0.20.28-0.05-0.560.740.74
0.080.250.6-0.42-0.480.480.30.19-0.090.230.390.310.93-0.08-0.060.080.061.00.05-0.10.190.780.3-0.090.18
0.95-0.12-0.610.830.80.70.41-0.220.70.910.78-0.57-0.170.470.520.980.060.070.94-0.230.26-0.09-0.530.710.67
0.080.250.6-0.42-0.480.480.290.19-0.090.230.40.310.94-0.08-0.060.081.00.070.05-0.10.180.780.3-0.090.18
1.0-0.19-0.720.880.850.710.57-0.150.860.870.74-0.55-0.190.680.770.950.050.940.05-0.090.37-0.21-0.560.870.74
-0.11-0.71-0.12-0.07-0.05-0.320.120.180.2-0.28-0.280.21-0.050.170.18-0.2-0.1-0.23-0.1-0.090.14-0.13-0.070.19-0.33
0.36-0.36-0.250.220.210.190.92-0.020.460.290.10.360.190.370.420.280.190.260.180.370.14-0.05-0.080.460.26
-0.170.270.65-0.52-0.570.11-0.070.11-0.330.150.160.250.81-0.53-0.46-0.050.78-0.090.78-0.21-0.13-0.050.32-0.330.11
-0.550.240.57-0.63-0.66-0.33-0.130.63-0.49-0.52-0.30.660.45-0.36-0.49-0.560.3-0.530.3-0.56-0.07-0.080.32-0.5-0.37
0.86-0.35-0.810.790.780.520.6-0.111.00.620.49-0.41-0.260.760.860.74-0.090.71-0.090.870.190.46-0.33-0.50.57
0.750.14-0.410.590.540.540.43-0.050.560.790.6-0.39-0.030.340.550.740.180.670.180.74-0.330.260.11-0.370.57
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Aban Offshore Account Relationship Matchups

Aban Offshore fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets60.1B46.2B29.7B17.4B15.2B14.4B
Other Current Liab3.1B(118.5M)68.8B10K96.9B101.7B
Total Current Liabilities213.3B213.7B224.8B240.4B253.9B266.6B
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 Payable9.4B6.1B3.4B3.9B3.9B6.0B
Cash439.9M722.5M864.5M1.5B435.1M413.3M
Other Assets918.0M1.9B12.9B10K11.5K10.9K
Net Receivables11.0B5.4B4.2B5.5B3.3B3.1B
Inventory4.6B2.9B2.0B966.1M1.1B1.1B
Other Current Assets129.3M3.1B2.0B4.4B840.2M1.2B
Total Liab213.3B214.4B224.8B240.4B253.9B152.6B
Intangible Assets3.1B3.3B3.4B3.7B3.7B3.5B
Property Plant Equipment37.4B28.7B3.7B3.3B3.8B3.6B
Short Long Term Debt Total153.8B149.0B149.7B151.3B153.1B129.7B
Property Plant And Equipment Net37.4B28.7B3.7B3.3B3.0B2.8B
Net Debt153.4B148.3B148.8B149.9B152.6B127.2B
Non Current Assets Total41.7B34.1B20.1B9.8B9.5B9.0B
Non Currrent Assets Other512.1M1.3B12.3B2.2B2.1B2.2B
Cash And Short Term Investments439.9M722.5M864.5M2.2B435.1M413.3M
Short Term Investments160K1.7B1.9B684.6M395.7M450.3M
Liabilities And Stockholders Equity60.1B46.2B29.7B17.4B15.2B14.4B
Non Current Liabilities Total6.3M692.0M810K4.1M5.1M4.8M
Other Stockholder Equity10.9B19.3B19.3B17.8B17.9B17.0B
Total Current Assets18.4B12.1B9.5B7.6B5.7B5.4B
Accumulated Other Comprehensive Income(164.0B)(766.6M)(5.9B)(22.8B)(25.4B)(26.7B)
Other Liab3.8B6.3M11.6M810K931.5K884.9K
Current Deferred Revenue47.0B56.5B69.0B85.0B28.6M27.2M
Short Term Debt153.8B94.7B152.5B151.3B153.1B85.1B
Net Tangible Assets(55.8B)(156.3B)(171.5B)(198.5B)(178.6B)(169.7B)
Short Long Term Debt156.9B123.4M149.7B151.3B153.1B105.9B
Net Invested Capital3.7B(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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