CVX Stock | | | USD 161.63 0.30 0.19% |
Chevron Corp financial indicator trend analysis is way more than just evaluating Chevron Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chevron Corp is a good investment. Please check the relationship between Chevron Corp Accumulated Depreciation and its Long Term Debt Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Chevron Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
For more information on how to buy Chevron Stock please use our
How to Invest in Chevron Corp guide.
Accumulated Depreciation vs Long Term Debt Total
Accumulated Depreciation vs Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chevron Corp Accumulated Depreciation account and
Long Term Debt Total. At this time, the significance of the direction appears to have pay attention.
The correlation between Chevron Corp's Accumulated Depreciation and Long Term Debt Total is -0.78. Overlapping area represents the amount of variation of Accumulated Depreciation that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of Chevron Corp, assuming nothing else is changed. The correlation between historical values of Chevron Corp's Accumulated Depreciation and Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accumulated Depreciation of Chevron Corp are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Accumulated Depreciation i.e., Chevron Corp's Accumulated Depreciation and Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | -0.78 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for Chevron Corp fixed asset that has been charged to Chevron Corp expense since that asset was acquired and made available for Chevron Corp use. The accumulated depreciation account is Chevron Corp asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Chevron Corp.
Long Term Debt Total
Most indicators from Chevron Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chevron Corp 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 Chevron Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
For more information on how to buy Chevron Stock please use our
How to Invest in Chevron Corp guide.At this time, Chevron Corp's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 8.6
B in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 5.13 in 2024.
Chevron Corp fundamental ratios Correlations
Click cells to compare fundamentals
Chevron Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chevron Corp fundamental ratios Accounts
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Additional Tools for Chevron Stock Analysis
When running Chevron Corp's price analysis, check to
measure Chevron Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chevron Corp is operating at the current time. Most of Chevron Corp's value examination focuses on studying past and present price action to
predict the probability of Chevron Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chevron Corp's price. Additionally, you may evaluate how the addition of Chevron Corp to your portfolios can decrease your overall portfolio volatility.