BHP Intangible Assets vs Short Term Investments Analysis

BHP Stock   2,093  26.00  1.23%   
BHP Group financial indicator trend analysis is way more than just evaluating BHP Group Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BHP Group Limited is a good investment. Please check the relationship between BHP Group Intangible Assets and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BHP Group 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 bureau of economic analysis.

Intangible Assets vs Short Term Investments

Intangible Assets vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BHP Group Limited Intangible Assets account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between BHP Group's Intangible Assets and Short Term Investments is -0.46. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of BHP Group Limited, assuming nothing else is changed. The correlation between historical values of BHP Group's Intangible Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of BHP Group Limited are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Intangible Assets i.e., BHP Group's Intangible Assets and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.46
Relationship DirectionNegative 
Relationship StrengthVery Weak

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Short Term Investments

Short Term Investments is an item under the current assets section of BHP Group balance sheet. It contains any investments BHP Group Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that BHP Group Limited can easily liquidate in the marketplace.
Most indicators from BHP Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BHP Group 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 BHP Group 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 bureau of economic analysis.
The current year's Selling General Administrative is expected to grow to about 11.7 B. The current year's Discontinued Operations is expected to grow to about 12.9 B
 2021 2022 2023 2024 (projected)
Total Revenue65.1B53.8B56.0B12.6B
Interest Expense626M1.1B2.2B3.0B

BHP Group fundamental ratios Correlations

0.930.540.840.990.990.70.980.450.980.110.450.720.910.90.84-0.610.980.680.590.680.090.91-0.370.680.56
0.930.260.660.920.930.850.910.310.950.060.310.510.850.870.64-0.520.910.490.610.550.070.81-0.410.680.4
0.540.260.840.530.530.130.550.240.48-0.090.250.910.460.320.84-0.350.570.540.360.610.00.580.070.320.62
0.840.660.840.810.830.450.820.40.79-0.030.410.880.790.660.94-0.60.870.690.690.80.060.88-0.20.610.69
0.990.920.530.810.980.731.00.370.980.110.370.730.860.860.82-0.550.950.630.540.640.120.89-0.360.630.49
0.990.930.530.830.980.770.980.321.00.10.320.750.870.870.85-0.560.970.560.610.67-0.010.92-0.360.650.57
0.70.850.130.450.730.770.73-0.250.79-0.05-0.250.450.520.560.45-0.140.650.010.520.33-0.080.62-0.260.480.22
0.980.910.550.821.00.980.730.360.980.070.360.750.840.840.82-0.560.940.620.550.650.110.89-0.380.610.48
0.450.310.240.40.370.32-0.250.360.320.191.00.120.610.580.36-0.690.50.870.180.420.270.37-0.290.390.33
0.980.950.480.790.981.00.790.980.320.150.320.710.860.890.81-0.520.960.540.590.65-0.020.89-0.380.660.52
0.110.06-0.09-0.030.110.1-0.050.070.190.150.190.00.190.440.050.290.120.15-0.13-0.060.00.110.190.210.05
0.450.310.250.410.370.32-0.250.361.00.320.190.130.610.580.37-0.690.50.870.170.420.280.38-0.280.380.34
0.720.510.910.880.730.750.450.750.120.710.00.130.580.510.9-0.370.730.450.430.64-0.130.75-0.060.420.6
0.910.850.460.790.860.870.520.840.610.860.190.610.580.90.79-0.630.940.760.540.630.140.89-0.20.870.66
0.90.870.320.660.860.870.560.840.580.890.440.580.510.90.69-0.550.910.680.480.540.070.81-0.310.680.52
0.840.640.840.940.820.850.450.820.360.810.050.370.90.790.69-0.570.870.650.560.68-0.030.9-0.110.570.8
-0.61-0.52-0.35-0.6-0.55-0.56-0.14-0.56-0.69-0.520.29-0.69-0.37-0.63-0.55-0.57-0.65-0.7-0.44-0.52-0.12-0.620.46-0.26-0.45
0.980.910.570.870.950.970.650.940.50.960.120.50.730.940.910.87-0.650.710.640.70.060.92-0.340.720.63
0.680.490.540.690.630.560.010.620.870.540.150.870.450.760.680.65-0.70.710.330.510.50.64-0.160.530.48
0.590.610.360.690.540.610.520.550.180.59-0.130.170.430.540.480.56-0.440.640.330.790.00.55-0.430.460.49
0.680.550.610.80.640.670.330.650.420.65-0.060.420.640.630.540.68-0.520.70.510.79-0.160.59-0.460.530.51
0.090.070.00.060.12-0.01-0.080.110.27-0.020.00.28-0.130.140.07-0.03-0.120.060.50.0-0.160.080.140.09-0.15
0.910.810.580.880.890.920.620.890.370.890.110.380.750.890.810.9-0.620.920.640.550.590.08-0.210.670.65
-0.37-0.410.07-0.2-0.36-0.36-0.26-0.38-0.29-0.380.19-0.28-0.06-0.2-0.31-0.110.46-0.34-0.16-0.43-0.460.14-0.210.030.15
0.680.680.320.610.630.650.480.610.390.660.210.380.420.870.680.57-0.260.720.530.460.530.090.670.030.58
0.560.40.620.690.490.570.220.480.330.520.050.340.60.660.520.8-0.450.630.480.490.51-0.150.650.150.58
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BHP Group Account Relationship Matchups

BHP Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets105.7B108.9B95.2B101.3B102.4B20.5B
Short Long Term Debt Total27.0B21.0B16.4B22.3B20.2B7.3B
Other Current Liab3.0B5.9B6.3B4.8B5.1B1.4B
Total Current Liabilities14.8B16.4B16.9B19.0B14.3B3.9B
Total Stockholder Equity47.9B51.3B45.0B44.5B44.8B5.6B
Property Plant And Equipment Net70.2B72.1B61.1B71.6B71.6B14.8B
Net Debt13.6B5.7B(808M)9.9B7.8B6.9B
Retained Earnings43.4B48.1B41.8B41.2B40.0B1.2B
Cash13.4B15.2B17.2B12.4B12.4B374M
Non Current Assets Total84.3B82.2B66.5B77.9B78.0B16.7B
Non Currrent Assets Other2.2B1.9B401M428M2.0B1.8B
Cash And Short Term Investments13.5B15.2B17.5B12.5B12.6B374M
Net Receivables3.4B6.1B5.4B4.6B5.2B1.7B
Common Stock Shares Outstanding5.1B5.1B5.1B5.1B5.1B3.6B
Liabilities And Stockholders Equity105.7B108.9B95.2B101.3B102.4B20.5B
Non Current Liabilities Total38.7B36.9B29.5B33.7B38.9B10.4B
Inventory4.1B4.4B4.9B5.2B5.8B1.5B
Total Liab53.6B53.3B46.4B52.8B53.2B14.3B
Total Current Assets21.5B26.7B28.7B23.4B24.3B3.7B
Short Term Debt5.2B2.6B2.2B7.3B1.5B800M
Intangible Assets1.6B1.4B1.4B1.6B377M114M
Other Current Assets541M939M764M1.0B694M130M
Accounts Payable5.8B5.1B5.4B6.3B6.7B1.7B
Short Term Investments36M3M303M29M258M393.0M
Property Plant And Equipment Gross72.4B73.8B121.1B135.3B142.2B72.8B
Accumulated Other Comprehensive Income1.8B549M(1.4B)(1.4B)(15M)(15.8M)
Current Deferred Revenue97M105M34M47M90M162.3M
Other Assets5.4B3.8B1.6B2.0B1.8B1.7B
Other Liab14.3B17.4B14.2B16.9B19.5B15.3B
Net Tangible Assets46.6B47.3B49.8B43.6B39.2B40.6B
Long Term Debt19.4B15.3B13.8B12.7B16.2B16.9B
Long Term Investments2.9B2.1B2.2B2.4B2.7B2.6B
Short Long Term Debt4.2B1.7B2.6B1.3B858M815.1M
Property Plant Equipment68.0B72.4B73.8B61.3B55.2B60.1B
Capital Lease Obligations3.4B3.9B2.6B3.0B3.1B2.3B
Non Current Liabilities Other1.4B560M2.0B467M368M349.6M

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When determining whether BHP Group Limited is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if BHP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Bhp Group Limited Stock. Highlighted below are key reports to facilitate an investment decision about Bhp Group Limited Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BHP Group 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 bureau of economic analysis.
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Please note, there is a significant difference between BHP Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if BHP Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BHP Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.