OceanFirst Total Assets vs Non Currrent Assets Other Analysis
OCFC Stock | USD 20.88 0.74 3.67% |
OceanFirst Financial financial indicator trend analysis is much more than just breaking down OceanFirst Financial Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OceanFirst Financial Corp is a good investment. Please check the relationship between OceanFirst Financial Total Assets and its Non Currrent Assets Other accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OceanFirst Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Total Assets vs Non Currrent Assets Other
Total Assets vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OceanFirst Financial Corp Total Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between OceanFirst Financial's Total Assets and Non Currrent Assets Other is -0.69. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of OceanFirst Financial Corp, assuming nothing else is changed. The correlation between historical values of OceanFirst Financial's Total Assets and Non Currrent Assets Other 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 Assets of OceanFirst Financial Corp are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Assets i.e., OceanFirst Financial's Total Assets and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.69 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of OceanFirst Financial assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in OceanFirst Financial Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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.Most indicators from OceanFirst Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OceanFirst Financial 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in OceanFirst Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. At present, OceanFirst Financial's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 11.17, whereas Tax Provision is forecasted to decline to about 26.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 36.8M | 53.7M | 238.2M | 250.2M | Depreciation And Amortization | 14.9M | 16.4M | 16.4M | 17.2M |
OceanFirst Financial fundamental ratios Correlations
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OceanFirst Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
OceanFirst Financial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.2B | 11.4B | 11.7B | 13.1B | 13.5B | 14.2B | |
Short Long Term Debt Total | 616.1M | 370.0M | 352.6M | 1.5B | 1.1B | 1.2B | |
Total Stockholder Equity | 1.2B | 1.5B | 1.5B | 1.6B | 1.7B | 1.7B | |
Property Plant And Equipment Net | 102.7M | 107.1M | 125.8M | 126.7M | 140.4M | 147.4M | |
Net Debt | 495.5M | (1.0B) | 24.2M | 1.2B | 984.5M | 1.0B | |
Retained Earnings | 358.7M | 378.3M | 442.3M | 540.5M | 592.5M | 622.2M | |
Cash | 120.5M | 1.3B | 204.9M | 167.9M | 153.7M | 115.9M | |
Non Current Assets Total | 1.4B | 1.9B | 2.5B | 2.4B | 13.3B | 14.0B | |
Non Currrent Assets Other | (50.1M) | (1.9B) | (2.5B) | (2.4B) | (842.7M) | (800.6M) | |
Other Assets | 6.5B | 8.1B | 8.5B | 10.0B | 51.9M | 49.3M | |
Cash And Short Term Investments | 271.5M | 1.5B | 773.2M | 625.6M | 153.7M | 186.9M | |
Net Receivables | 21.7M | 35.3M | 32.6M | 44.7M | 51.9M | 54.5M | |
Common Stock Shares Outstanding | 50.7M | 60.1M | 59.6M | 58.9M | 59.0M | 61.9M | |
Liabilities And Stockholders Equity | 8.2B | 11.4B | 11.7B | 13.1B | 13.5B | 14.2B | |
Non Current Liabilities Total | 616.1M | 235.5M | 229.1M | 11.5B | 11.9B | 12.5B | |
Other Stockholder Equity | 795.1M | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | |
Total Liab | 616.1M | 235.5M | 229.1M | 11.5B | 11.9B | 12.5B | |
Property Plant And Equipment Gross | 102.7M | 107.1M | 199.6M | 202.4M | 205.8M | 216.1M | |
Total Current Assets | 293.2M | 1.5B | 805.8M | 670.3M | 153.7M | 146.0M | |
Accumulated Other Comprehensive Income | (1.2M) | 621K | (2.8M) | (36.0M) | (24.6M) | (23.4M) | |
Other Current Liab | 2.5B | 3.9B | 3.7B | 2.8B | (322.3M) | (306.2M) | |
Total Current Liabilities | 2.9B | 4.0B | 3.8B | 4.1B | 5.3B | 5.6B | |
Short Term Debt | 435.2M | 134.5M | 123.5M | 1.3B | 322.3M | 216.2M | |
Common Stock Total Equity | 519K | 609K | 611K | 612K | 703.8K | 381.5K | |
Common Stock | 519K | 609K | 611K | 612K | 613K | 393.2K | |
Other Liab | 46.8M | 172.6M | 142.3M | 234.0M | 269.1M | 282.6M | |
Accounts Payable | 6.3B | 9.4B | 9.7B | 9.7B | 11.1B | 11.7B | |
Long Term Debt | 96.8M | 235.5M | 229.1M | 1.4B | 972.8M | 1.0B | |
Inventory | (146.3M) | (1.3B) | (243.9M) | (215.4M) | (205.6M) | (195.3M) | |
Treasury Stock | (10.8M) | (36.9M) | (25.7M) | (61.7M) | (71.0M) | (74.5M) | |
Intangible Assets | 15.6M | 23.7M | 18.2M | 13.5M | 9.5M | 10.2M | |
Property Plant Equipment | 3.8M | 5.8M | 125.8M | 2.7M | 3.1M | 3.0M | |
Other Current Assets | 146.3M | 1.3B | 243.9M | 215.4M | 205.6M | 195.3M | |
Short Term Investments | 151.0M | 183.3M | 568.3M | 457.6M | (1.8B) | (1.7B) | |
Net Tangible Assets | 762.9M | 960.1M | 998.0M | 1.1B | 1.2B | 622.0M | |
Good Will | 338.4M | 374.6M | 500.3M | 506.1M | 582.1M | 611.2M | |
Retained Earnings Total Equity | 358.7M | 378.3M | 442.3M | 540.5M | 621.6M | 652.7M | |
Long Term Debt Total | 96.8M | 235.5M | 229.1M | 195.4M | 224.7M | 235.9M | |
Capital Surpluse | 840.7M | 1.1B | 1.1B | 1.2B | 1.3B | 681.7M | |
Long Term Investments | 7.1B | 1.1B | 1.8B | 1.8B | 2.0B | 2.6B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether OceanFirst Financial Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OceanFirst Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Oceanfirst Financial Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oceanfirst Financial Corp Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OceanFirst Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OceanFirst Financial. If investors know OceanFirst will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OceanFirst Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.258 | Dividend Share 0.8 | Earnings Share 1.75 | Revenue Per Share 6.515 | Quarterly Revenue Growth 0.054 |
The market value of OceanFirst Financial Corp is measured differently than its book value, which is the value of OceanFirst that is recorded on the company's balance sheet. Investors also form their own opinion of OceanFirst Financial's value that differs from its market value or its book value, called intrinsic value, which is OceanFirst Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OceanFirst Financial's market value can be influenced by many factors that don't directly affect OceanFirst Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OceanFirst Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if OceanFirst Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OceanFirst Financial'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.