Commonwealth Total Stockholder Equity vs Good Will Analysis

CBA Stock

158.58 1.01 0.64%

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

Total Stockholder Equity vs Good Will

Total Stockholder Equity vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commonwealth Bank Total Stockholder Equity account and Good Will. At this time, the significance of the direction appears to have weak relationship.

The correlation between Commonwealth Bank's Total Stockholder Equity and Good Will is 0.36. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Good Will in the same time period over historical financial statements of Commonwealth Bank, assuming nothing else is changed. The correlation between historical values of Commonwealth Bank's Total Stockholder Equity and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Commonwealth Bank are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Stockholder Equity i.e., Commonwealth Bank's Total Stockholder Equity and Good Will go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Commonwealth Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Commonwealth Bank 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 Commonwealth Bank. 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 389.5 M in 2024. Discontinued Operations is likely to gain to about (107.1 M) in 2024

	2021	2022	2023	2024 (projected)
Net Income	10.7B	10.0B	9.4B	5.6B
Income Before Tax	12.7B	14.2B	13.8B	7.6B

Net Income Income Before Tax

Commonwealth Bank fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Other Assets	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Cash And Short Term Investments	Short Term Investments	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Net Receivables	Other Liab	Accounts Payable
Total Assets		0.59	0.78	0.32	0.31	0.97	0.63	0.84	0.13	0.31	0.97	0.77	0.55	-0.73	0.91	0.65	0.02	0.73	0.51	-0.66	0.09	0.17	0.77	-0.14	0.05	-0.01
Short Long Term Debt Total	0.59		0.71	0.08	0.86	0.46	0.17	0.36	0.42	0.55	0.65	0.75	0.21	-0.53	0.55	0.07	0.3	0.78	0.13	-0.1	0.14	0.43	0.42	0.17	0.03	-0.43
Total Stockholder Equity	0.78	0.71		0.47	0.39	0.74	0.51	0.71	0.53	0.36	0.79	0.9	0.46	-0.42	0.73	0.42	-0.15	0.97	0.48	-0.39	-0.03	0.43	0.82	-0.09	-0.29	-0.17
Property Plant And Equipment Net	0.32	0.08	0.47		-0.3	0.41	0.62	0.38	0.32	-0.33	0.22	0.21	0.66	0.2	0.36	0.71	-0.13	0.34	0.66	-0.49	-0.5	0.15	0.45	-0.21	-0.35	0.08
Net Debt	0.31	0.86	0.39	-0.3		0.17	-0.28	0.09	0.17	0.62	0.43	0.55	-0.21	-0.57	0.27	-0.32	0.35	0.51	-0.33	0.26	0.35	0.27	0.12	0.23	0.22	-0.38
Retained Earnings	0.97	0.46	0.74	0.41	0.17		0.67	0.88	0.02	0.09	0.93	0.65	0.68	-0.61	0.92	0.76	-0.05	0.64	0.56	-0.75	-0.1	0.07	0.8	-0.29	-0.04	0.06
Cash	0.63	0.17	0.51	0.62	-0.28	0.67		0.49	0.23	-0.19	0.46	0.33	0.76	-0.16	0.59	0.89	0.13	0.36	0.98	-0.89	-0.19	-0.05	0.48	-0.38	0.0	0.3
Non Current Assets Total	0.84	0.36	0.71	0.38	0.09	0.88	0.49		0.11	0.09	0.82	0.58	0.62	-0.37	0.92	0.59	-0.3	0.62	0.4	-0.54	-0.15	0.04	0.95	-0.19	-0.31	-0.13
Other Assets	0.13	0.42	0.53	0.32	0.17	0.02	0.23	0.11		0.45	0.12	0.56	-0.01	0.16	0.1	-0.09	-0.11	0.61	0.28	0.17	0.12	0.54	0.26	0.19	-0.35	-0.35
Good Will	0.31	0.55	0.36	-0.33	0.62	0.09	-0.19	0.09	0.45		0.39	0.68	-0.49	-0.6	0.16	-0.37	0.08	0.53	-0.26	0.29	0.72	0.46	0.11	0.6	0.27	-0.39
Common Stock Total Equity	0.97	0.65	0.79	0.22	0.43	0.93	0.46	0.82	0.12	0.39		0.82	0.45	-0.77	0.88	0.51	-0.01	0.78	0.33	-0.51	0.07	0.28	0.74	-0.09	0.0	-0.1
Common Stock Shares Outstanding	0.77	0.75	0.9	0.21	0.55	0.65	0.33	0.58	0.56	0.68	0.82		0.13	-0.64	0.64	0.19	-0.03	0.96	0.26	-0.19	0.29	0.51	0.63	0.11	-0.06	-0.18
Other Current Assets	0.55	0.21	0.46	0.66	-0.21	0.68	0.76	0.62	-0.01	-0.49	0.45	0.13		0.03	0.62	0.84	-0.06	0.29	0.75	-0.79	-0.66	0.02	0.58	-0.47	-0.33	-0.02
Other Stockholder Equity	-0.73	-0.53	-0.42	0.2	-0.57	-0.61	-0.16	-0.37	0.16	-0.6	-0.77	-0.64	0.03		-0.54	-0.21	-0.27	-0.47	-0.02	0.31	-0.5	-0.12	-0.27	-0.14	-0.52	-0.06
Total Liab	0.91	0.55	0.73	0.36	0.27	0.92	0.59	0.92	0.1	0.16	0.88	0.64	0.62	-0.54		0.65	0.1	0.65	0.49	-0.65	-0.06	-0.04	0.85	-0.2	-0.12	-0.06
Property Plant And Equipment Gross	0.65	0.07	0.42	0.71	-0.32	0.76	0.89	0.59	-0.09	-0.37	0.51	0.19	0.84	-0.21	0.65		0.06	0.23	0.85	-0.95	-0.34	-0.16	0.52	-0.4	0.0	0.31
Total Current Assets	0.02	0.3	-0.15	-0.13	0.35	-0.05	0.13	-0.3	-0.11	0.08	-0.01	-0.03	-0.06	-0.27	0.1	0.06		-0.11	0.1	-0.16	0.13	-0.29	-0.36	-0.04	0.4	0.18
Common Stock	0.73	0.78	0.97	0.34	0.51	0.64	0.36	0.62	0.61	0.53	0.78	0.96	0.29	-0.47	0.65	0.23	-0.11		0.32	-0.2	0.06	0.57	0.71	0.04	-0.26	-0.28
Cash And Short Term Investments	0.51	0.13	0.48	0.66	-0.33	0.56	0.98	0.4	0.28	-0.26	0.33	0.26	0.75	-0.02	0.49	0.85	0.1	0.32		-0.84	-0.23	-0.05	0.44	-0.39	-0.06	0.3
Short Term Investments	-0.66	-0.1	-0.39	-0.49	0.26	-0.75	-0.89	-0.54	0.17	0.29	-0.51	-0.19	-0.79	0.31	-0.65	-0.95	-0.16	-0.2	-0.84		0.23	0.21	-0.47	0.39	-0.11	-0.29
Short Term Debt	0.09	0.14	-0.03	-0.5	0.35	-0.1	-0.19	-0.15	0.12	0.72	0.07	0.29	-0.66	-0.5	-0.06	-0.34	0.13	0.06	-0.23	0.23		-0.15	-0.12	0.42	0.67	0.14
Intangible Assets	0.17	0.43	0.43	0.15	0.27	0.07	-0.05	0.04	0.54	0.46	0.28	0.51	0.02	-0.12	-0.04	-0.16	-0.29	0.57	-0.05	0.21	-0.15		0.08	0.37	-0.34	-0.57
Non Currrent Assets Other	0.77	0.42	0.82	0.45	0.12	0.8	0.48	0.95	0.26	0.11	0.74	0.63	0.58	-0.27	0.85	0.52	-0.36	0.71	0.44	-0.47	-0.12	0.08		-0.17	-0.38	-0.15
Net Receivables	-0.14	0.17	-0.09	-0.21	0.23	-0.29	-0.38	-0.19	0.19	0.6	-0.09	0.11	-0.47	-0.14	-0.2	-0.4	-0.04	0.04	-0.39	0.39	0.42	0.37	-0.17		0.19	-0.46
Other Liab	0.05	0.03	-0.29	-0.35	0.22	-0.04	0.0	-0.31	-0.35	0.27	0.0	-0.06	-0.33	-0.52	-0.12	0.0	0.4	-0.26	-0.06	-0.11	0.67	-0.34	-0.38	0.19		0.34
Accounts Payable	-0.01	-0.43	-0.17	0.08	-0.38	0.06	0.3	-0.13	-0.35	-0.39	-0.1	-0.18	-0.02	-0.06	-0.06	0.31	0.18	-0.28	0.3	-0.29	0.14	-0.57	-0.15	-0.46	0.34

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Commonwealth Bank Account Relationship Matchups

Commonwealth Bank fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0T	1.1T	1.2T	1.3T	1.3T	1.3T
Short Long Term Debt Total	224.8B	174.5B	200.0B	268.2B	249.3B	154.9B
Total Stockholder Equity	71.9B	78.7B	72.8B	72B	73.1B	37.8B
Property Plant And Equipment Net	5.6B	5.3B	4.9B	5.0B	3.7B	2.8B
Net Debt	175.3B	79.9B	68.6B	160.4B	201.2B	124.3B
Retained Earnings	31.1B	37.0B	36.8B	39.8B	41.6B	43.7B
Cash	27.3B	87.4B	119.4B	107.2B	48.1B	50.5B
Non Current Assets Total	927.8B	961.2B	1.0T	1.1T	1.1T	1.2T
Other Assets	975.7B	992.4B	1.1T	1.1T	(143.0B)	(135.9B)
Good Will	6.0B	5.3B	5.3B	5.3B	5.3B	5.4B
Common Stock Shares Outstanding	1.9B	1.9B	1.8B	1.8B	1.8B	1.5B
Liabilities And Stockholders Equity	1.0T	1.1T	1.2T	1.3T	1.3T	1.3T
Other Current Assets	87.7B	130.8B	180.5B	164.9B	131.8B	116.3B
Other Stockholder Equity	(151M)	(126M)	(141M)	(162M)	(2.3B)	(2.2B)
Total Liab	943.5B	1.0T	1.1T	1.2T	1.2T	1.2T
Property Plant And Equipment Gross	5.6B	9.2B	9.3B	9.7B	7.8B	8.2B
Total Current Assets	87.7B	130.8B	180.5B	164.9B	131.2B	240.5B
Accumulated Other Comprehensive Income	2.7B	3.2B	(460M)	(1.7B)	(2.1B)	(2.0B)
Common Stock	38.3B	38.5B	36.6B	34.1B	33.8B	20.9B
Cash And Short Term Investments	27.3B	87.4B	119.4B	107.2B	48.1B	29.7B
Short Term Investments	209M	18.6B	22.0B	(143.0B)	(128.7B)	(122.3B)
Short Term Debt	51.1B	42.1B	51.0B	109.5B	89.7B	81.1B
Intangible Assets	6.9B	6.9B	7.4B	2.1B	2.3B	2.2B
Non Currrent Assets Other	874.5B	916.3B	975.5B	1.1T	1.1T	674.3B
Net Receivables	4.0B	2.6B	2.5B	4.4B	5.1B	4.8B
Other Liab	5.5B	5.8B	5.2B	58.8B	52.9B	55.6B
Accounts Payable	3.4B	3.2B	5.4B	9.7B	11.6B	12.2B
Long Term Debt	170.5B	138.0B	146.1B	156.0B	179.4B	123.8B
Property Plant Equipment	5.6B	5.3B	4.9B	5.0B	5.7B	6.0B
Other Current Liab	443.9B	511.3B	574.4B	467.7B	528.0B	435.1B
Net Tangible Assets	65.1B	71.8B	65.9B	64.6B	74.3B	54.1B
Long Term Investments	134.3B	156.1B	147.9B	142.9B	147.4B	108.7B
Treasury Stock	(265M)	(263M)	(151M)	(126M)	(144.9M)	(152.1M)
Non Current Liabilities Total	443.7B	455.3B	510.7B	593.0B	588.3B	564.6B
Total Current Liabilities	499.9B	558.0B	631.7B	587.9B	540.1B	458.3B
Long Term Debt Total	173.6B	132.4B	149.0B	158.7B	142.8B	136.3B
Earning Assets	144.6B	138.9B	145.0B	133.8B	120.4B	119.0B

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