Equinor Net Debt vs Retained Earnings Analysis

EQNR Stock

USD 24.53 0.36 1.45%

Equinor ASA financial indicator trend analysis is much more than just examining Equinor ASA ADR latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equinor ASA ADR is a good investment. Please check the relationship between Equinor ASA Net Debt and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinor ASA ADR. 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.

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equinor ASA ADR Net Debt account and Retained Earnings. At this time, the significance of the direction appears to have no relationship.

The correlation between Equinor ASA's Net Debt and Retained Earnings is 0.0. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Equinor ASA ADR, assuming nothing else is changed. The correlation between historical values of Equinor ASA's Net Debt and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Equinor ASA ADR are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Debt i.e., Equinor ASA's Net Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.0

Relationship Direction	Flat
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Equinor ASA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equinor ASA ADR 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equinor ASA ADR. 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.

As of 11/22/2024, Selling General Administrative is likely to drop to about 885.3 M. In addition to that, Tax Provision is likely to drop to about 16.6 B

	2021	2022	2023	2024 (projected)
Gross Profit	41.9B	88.8B	36.7B	31.6B
Total Revenue	88.7B	149.0B	106.8B	76.5B

Gross Profit Total Revenue

Equinor ASA fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Cash And Short Term Investments	Other Liab	Cash	Other Assets
Total Assets		0.74	0.09	0.86	0.91	0.82	0.54	0.35	0.73	0.42	0.85	0.59	0.81	0.76	0.9	0.86	0.41	0.43	0.97	0.66	0.48	0.74	0.57	0.56	0.83	0.49
Short Long Term Debt Total	0.74		0.06	0.5	0.51	0.62	0.2	0.85	0.34	0.02	0.63	0.16	0.33	0.72	0.92	0.45	0.3	0.4	0.81	0.44	0.48	0.36	0.46	0.6	0.5	0.2
Other Current Liab	0.09	0.06		0.19	0.07	-0.16	0.14	0.0	0.49	-0.36	-0.11	0.11	0.17	0.03	0.01	0.18	0.09	-0.3	0.09	0.46	0.5	-0.05	0.54	0.48	0.1	0.56
Total Current Liabilities	0.86	0.5	0.19		0.69	0.43	0.8	0.08	0.73	0.17	0.5	0.46	0.91	0.43	0.65	0.8	0.71	0.05	0.88	0.85	0.6	0.53	0.74	0.57	0.82	0.71
Total Stockholder Equity	0.91	0.51	0.07	0.69		0.87	0.38	0.09	0.72	0.68	0.89	0.71	0.75	0.69	0.72	0.86	0.16	0.44	0.78	0.47	0.21	0.77	0.39	0.32	0.81	0.35
Property Plant And Equipment Net	0.82	0.62	-0.16	0.43	0.87		0.15	0.37	0.5	0.72	0.99	0.65	0.5	0.84	0.81	0.69	-0.09	0.76	0.71	0.2	0.15	0.83	0.13	0.28	0.56	0.13
Current Deferred Revenue	0.54	0.2	0.14	0.8	0.38	0.15		-0.12	0.72	0.02	0.2	0.36	0.72	0.28	0.35	0.47	0.63	-0.02	0.59	0.88	0.74	0.33	0.82	0.66	0.57	0.79
Net Debt	0.35	0.85	0.0	0.08	0.09	0.37	-0.12		0.0	-0.19	0.36	-0.13	-0.05	0.57	0.69	0.07	0.03	0.41	0.47	0.09	0.38	0.12	0.15	0.48	-0.02	-0.1
Retained Earnings	0.73	0.34	0.49	0.73	0.72	0.5	0.72	0.0		0.28	0.54	0.54	0.74	0.61	0.52	0.72	0.32	0.27	0.67	0.81	0.69	0.64	0.79	0.74	0.63	0.71
Accounts Payable	0.42	0.02	-0.36	0.17	0.68	0.72	0.02	-0.19	0.28		0.7	0.63	0.39	0.44	0.25	0.56	-0.25	0.52	0.23	-0.09	-0.28	0.66	-0.2	-0.23	0.33	-0.1
Non Current Assets Total	0.85	0.63	-0.11	0.5	0.89	0.99	0.2	0.36	0.54	0.7		0.68	0.57	0.84	0.83	0.74	-0.04	0.73	0.76	0.25	0.2	0.86	0.18	0.32	0.59	0.19
Non Currrent Assets Other	0.59	0.16	0.11	0.46	0.71	0.65	0.36	-0.13	0.54	0.63	0.68		0.64	0.39	0.4	0.65	-0.17	0.26	0.47	0.28	0.23	0.64	0.21	0.15	0.49	0.52
Net Receivables	0.81	0.33	0.17	0.91	0.75	0.5	0.72	-0.05	0.74	0.39	0.57	0.64		0.42	0.56	0.84	0.45	0.14	0.77	0.71	0.49	0.65	0.57	0.44	0.69	0.68
Common Stock Shares Outstanding	0.76	0.72	0.03	0.43	0.69	0.84	0.28	0.57	0.61	0.44	0.84	0.39	0.42		0.84	0.57	0.12	0.81	0.73	0.41	0.45	0.75	0.38	0.64	0.42	0.19
Non Current Liabilities Total	0.9	0.92	0.01	0.65	0.72	0.81	0.35	0.69	0.52	0.25	0.83	0.4	0.56	0.84		0.65	0.3	0.57	0.94	0.5	0.5	0.65	0.46	0.61	0.62	0.32
Inventory	0.86	0.45	0.18	0.8	0.86	0.69	0.47	0.07	0.72	0.56	0.74	0.65	0.84	0.57	0.65		0.37	0.32	0.79	0.57	0.35	0.79	0.44	0.35	0.72	0.48
Other Current Assets	0.41	0.3	0.09	0.71	0.16	-0.09	0.63	0.03	0.32	-0.25	-0.04	-0.17	0.45	0.12	0.3	0.37		-0.21	0.52	0.72	0.43	0.05	0.64	0.4	0.54	0.42
Other Stockholder Equity	0.43	0.4	-0.3	0.05	0.44	0.76	-0.02	0.41	0.27	0.52	0.73	0.26	0.14	0.81	0.57	0.32	-0.21		0.38	-0.06	0.11	0.77	-0.12	0.28	0.04	-0.16
Total Liab	0.97	0.81	0.09	0.88	0.78	0.71	0.59	0.47	0.67	0.23	0.76	0.47	0.77	0.73	0.94	0.79	0.52	0.38		0.71	0.59	0.66	0.63	0.65	0.77	0.53
Total Current Assets	0.66	0.44	0.46	0.85	0.47	0.2	0.88	0.09	0.81	-0.09	0.25	0.28	0.71	0.41	0.5	0.57	0.72	-0.06	0.71		0.82	0.31	0.97	0.79	0.68	0.83
Short Term Debt	0.48	0.48	0.5	0.6	0.21	0.15	0.74	0.38	0.69	-0.28	0.2	0.23	0.49	0.45	0.5	0.35	0.43	0.11	0.59	0.82		0.28	0.83	0.92	0.28	0.79
Common Stock	0.74	0.36	-0.05	0.53	0.77	0.83	0.33	0.12	0.64	0.66	0.86	0.64	0.65	0.75	0.65	0.79	0.05	0.77	0.66	0.31	0.28		0.17	0.34	0.46	0.3
Cash And Short Term Investments	0.57	0.46	0.54	0.74	0.39	0.13	0.82	0.15	0.79	-0.2	0.18	0.21	0.57	0.38	0.46	0.44	0.64	-0.12	0.63	0.97	0.83	0.17		0.83	0.62	0.8
Other Liab	0.56	0.6	0.48	0.57	0.32	0.28	0.66	0.48	0.74	-0.23	0.32	0.15	0.44	0.64	0.61	0.35	0.4	0.28	0.65	0.79	0.92	0.34	0.83		0.32	0.62
Cash	0.83	0.5	0.1	0.82	0.81	0.56	0.57	-0.02	0.63	0.33	0.59	0.49	0.69	0.42	0.62	0.72	0.54	0.04	0.77	0.68	0.28	0.46	0.62	0.32		0.54
Other Assets	0.49	0.2	0.56	0.71	0.35	0.13	0.79	-0.1	0.71	-0.1	0.19	0.52	0.68	0.19	0.32	0.48	0.42	-0.16	0.53	0.83	0.79	0.3	0.8	0.62	0.54

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Equinor ASA Account Relationship Matchups

Equinor ASA fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	118.1B	122.0B	147.1B	158.0B	143.6B	98.9B
Short Long Term Debt Total	29.0B	38.1B	36.2B	32.2B	31.8B	21.4B
Other Current Liab	462M	10.1B	(8.6B)	14.1B	10.8B	11.4B
Total Current Liabilities	19.6B	19.8B	39.1B	43.8B	35.7B	21.1B
Total Stockholder Equity	41.1B	33.9B	39.0B	54.0B	48.5B	34.5B
Property Plant And Equipment Net	70.0B	65.7B	62.1B	56.5B	58.8B	53.2B
Current Deferred Revenue	4.6B	1.5B	21.8B	15.0B	17.2B	18.1B
Net Debt	23.9B	31.4B	24.2B	16.6B	22.2B	14.6B
Retained Earnings	37.5B	30.1B	36.7B	58.2B	56.5B	59.3B
Accounts Payable	10.5B	2.7B	6.2B	6.2B	5.3B	8.3B
Non Current Assets Total	93.3B	89.8B	84.6B	79.9B	82.6B	70.5B
Non Currrent Assets Other	3.7B	4.6B	3.8B	4.0B	6.4B	5.3B
Net Receivables	8.2B	8.2B	14.0B	16.1B	16.9B	10.2B
Common Stock Shares Outstanding	3.3B	3.3B	3.3B	3.2B	3.0B	3.3B
Liabilities And Stockholders Equity	118.1B	122.0B	147.1B	158.0B	143.6B	98.9B
Non Current Liabilities Total	57.3B	68.3B	69.0B	60.2B	59.4B	43.0B
Inventory	3.4B	3.1B	3.4B	5.2B	3.8B	2.9B
Other Current Assets	578M	886M	9.7B	11.5B	1.4B	2.3B
Other Stockholder Equity	7.7B	6.9B	6.4B	3.0B	3.5B	6.3B
Total Liab	76.9B	88.1B	108.1B	104.0B	95.1B	64.1B
Total Current Assets	24.8B	32.2B	62.5B	78.2B	61.0B	64.0B
Short Term Debt	4.1B	5.8B	6.4B	5.6B	7.3B	7.6B
Cash And Short Term Investments	12.6B	18.6B	33.3B	45.5B	38.9B	40.8B
Other Liab	29.7B	32.4B	35.9B	39.1B	45.0B	47.2B
Cash	5.2B	6.8B	12.0B	15.6B	9.6B	6.4B
Long Term Debt	24.9B	32.3B	27.4B	24.1B	22.2B	18.8B
Short Term Investments	7.4B	11.9B	21.2B	29.9B	29.2B	30.7B
Accumulated Other Comprehensive Income	(5.3B)	(4.2B)	(5.2B)	(8.4B)	(9.1B)	(8.7B)
Intangible Assets	9.3B	6.7B	5.0B	3.8B	770M	731.5M
Property Plant Equipment	70.0B	65.7B	62.1B	56.5B	65.0B	56.0B
Property Plant And Equipment Gross	70.0B	65.7B	212.2B	199.6B	202.2B	212.3B
Good Will	1.5B	1.5B	1.5B	1.4B	1.7B	1.1B
Net Tangible Assets	30.4B	25.7B	32.6B	48.8B	56.2B	36.5B
Long Term Investments	5.0B	6.3B	6.0B	5.5B	5.9B	5.6B
Short Long Term Debt	4.1B	5.8B	5.3B	4.4B	6.0B	4.4B

Pair Trading with Equinor ASA

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Equinor ASA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Equinor ASA will appreciate offsetting losses from the drop in the long position's value.

Moving together with Equinor Stock

0.77	E	Eni SpA ADR	Pair Corr
0.86	BP	BP PLC ADR	Pair Corr
0.86	EC	Ecopetrol SA ADR	Pair Corr

Moving against Equinor Stock

0.66	LB	LandBridge Company	Pair Corr
0.56	TGS	Transportadora de Gas	Pair Corr
0.54	YPF	YPF Sociedad Anonima	Pair Corr
0.52	EE	Excelerate Energy	Pair Corr
0.46	ET	Energy Transfer LP Aggressive Push	Pair Corr

The ability to find closely correlated positions to Equinor ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equinor ASA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Equinor ASA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Equinor ASA ADR to buy it.

The correlation of Equinor ASA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Equinor ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equinor ASA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Equinor ASA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Equinor Stock Analysis

When running Equinor ASA's price analysis, check to measure Equinor ASA'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 Equinor ASA is operating at the current time. Most of Equinor ASA's value examination focuses on studying past and present price action to predict the probability of Equinor ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equinor ASA's price. Additionally, you may evaluate how the addition of Equinor ASA to your portfolios can decrease your overall portfolio volatility.

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