Petróleo Common Stock Shares Outstanding vs Common Stock Total Equity Analysis

PBR-A Stock  USD 13.59  0.56  4.30%   
Petróleo Brasileiro financial indicator trend analysis is much more than just breaking down Petróleo Brasileiro prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Petróleo Brasileiro is a good investment. Please check the relationship between Petróleo Brasileiro Common Stock Shares Outstanding and its Common Stock Total Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Petrleo Brasileiro SA. 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.

Common Stock Shares Outstanding vs Common Stock Total Equity

Common Stock Shares Outstanding vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Petróleo Brasileiro Common Stock Shares Outstanding account and Common Stock Total Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Petróleo Brasileiro's Common Stock Shares Outstanding and Common Stock Total Equity is 0.43. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Petrleo Brasileiro SA, assuming nothing else is changed. The correlation between historical values of Petróleo Brasileiro's Common Stock Shares Outstanding and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Petrleo Brasileiro SA are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Common Stock Shares Outstanding i.e., Petróleo Brasileiro's Common Stock Shares Outstanding and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.43
Relationship DirectionPositive 
Relationship StrengthWeak

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Petróleo Brasileiro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Petróleo Brasileiro 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 Petrleo Brasileiro SA. 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.
At present, Petróleo Brasileiro's Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 4.53, whereas Selling General Administrative is forecasted to decline to about 1.6 B.
 2021 2022 2023 2024 (projected)
Gross Profit40.8B65.0B54.1B36.1B
Total Revenue84.0B124.5B102.5B95.6B

Petróleo Brasileiro fundamental ratios Correlations

0.8-0.020.950.970.980.760.460.960.811.00.470.920.960.130.70.870.970.370.930.980.640.440.850.490.81
0.8-0.320.620.660.850.990.330.680.850.80.360.830.650.060.40.930.67-0.140.90.770.530.420.710.480.56
-0.02-0.320.210.02-0.06-0.35-0.17-0.02-0.11-0.020.3-0.080.020.830.46-0.170.030.39-0.09-0.030.130.42-0.390.11-0.19
0.950.620.210.940.90.570.360.920.720.940.50.850.940.230.750.750.950.580.840.930.740.450.710.480.8
0.970.660.020.940.910.620.520.980.710.960.370.880.990.080.770.730.990.460.810.970.610.30.820.330.87
0.980.85-0.060.90.910.830.480.920.80.980.560.90.890.170.650.930.920.290.970.940.60.530.830.60.75
0.760.99-0.350.570.620.830.370.650.770.770.370.770.610.040.370.920.63-0.210.880.710.480.410.690.480.52
0.460.33-0.170.360.520.480.370.550.110.480.220.280.480.020.40.30.5-0.050.330.39-0.040.170.490.190.41
0.960.68-0.020.920.980.920.650.550.710.960.310.880.990.060.730.740.980.420.820.950.60.320.830.340.87
0.810.85-0.110.720.710.80.770.110.710.790.270.940.730.120.460.840.720.190.850.860.670.380.660.40.66
1.00.8-0.020.940.960.980.770.480.960.790.50.910.950.140.70.880.960.360.940.960.640.460.850.520.8
0.470.360.30.50.370.560.370.220.310.270.50.330.30.470.390.560.390.20.580.360.140.660.310.790.09
0.920.83-0.080.850.880.90.770.280.880.940.910.330.890.10.680.840.880.290.880.970.70.340.740.370.77
0.960.650.020.940.990.890.610.480.990.730.950.30.890.070.760.710.990.470.80.970.650.290.810.30.88
0.130.060.830.230.080.170.040.020.060.120.140.470.10.070.490.160.080.080.190.090.140.74-0.20.43-0.26
0.70.40.460.750.770.650.370.40.730.460.70.390.680.760.490.440.750.330.530.720.510.330.350.180.48
0.870.93-0.170.750.730.930.920.30.740.840.880.560.840.710.160.440.750.090.990.820.550.610.780.70.56
0.970.670.030.950.990.920.630.50.980.720.960.390.880.990.080.750.750.480.830.970.590.320.810.340.87
0.37-0.140.390.580.460.29-0.21-0.050.420.190.360.20.290.470.080.330.090.480.210.420.410.20.180.20.42
0.930.9-0.090.840.810.970.880.330.820.850.940.580.880.80.190.530.990.830.210.880.620.60.80.680.64
0.980.77-0.030.930.970.940.710.390.950.860.960.360.970.970.090.720.820.970.420.880.660.350.810.370.84
0.640.530.130.740.610.60.48-0.040.60.670.640.140.70.650.140.510.550.590.410.620.660.260.330.310.58
0.440.420.420.450.30.530.410.170.320.380.460.660.340.290.740.330.610.320.20.60.350.260.260.88-0.05
0.850.71-0.390.710.820.830.690.490.830.660.850.310.740.81-0.20.350.780.810.180.80.810.330.260.420.76
0.490.480.110.480.330.60.480.190.340.40.520.790.370.30.430.180.70.340.20.680.370.310.880.420.06
0.810.56-0.190.80.870.750.520.410.870.660.80.090.770.88-0.260.480.560.870.420.640.840.58-0.050.760.06
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Petróleo Brasileiro Account Relationship Matchups

Petróleo Brasileiro fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets229.7B190.0B174.3B187.2B217.1B206.8B
Short Long Term Debt Total87.1B53.9B35.7B30.0B62.6B66.3B
Other Current Liab5.2B6.6B4.9B10.9B16.2B17.0B
Total Current Liabilities28.8B26.2B24.2B31.4B33.9B27.7B
Total Stockholder Equity73.3B59.3B69.4B69.5B78.6B86.8B
Property Plant And Equipment Net159.3B124.2B125.3B130.2B153.4B137.7B
Net Debt79.7B42.2B25.2B22.0B49.9B52.2B
Retained Earnings31.0B24.5B29.5B24.4B32.8B40.6B
Accounts Payable5.6B6.9B5.5B5.5B4.8B7.3B
Cash7.4B11.7B10.5B8.0B12.7B14.1B
Non Current Assets Total201.9B162.6B144.2B155.9B184.6B167.0B
Non Currrent Assets Other16.2B13.7B13.7B18.8B23.4B12.9B
Cash And Short Term Investments8.3B12.4B11.1B10.8B15.5B17.2B
Net Receivables7.3B7.3B7.7B6.3B7.3B9.9B
Short Term Investments888M659M650M2.8B10.5B11.0B
Liabilities And Stockholders Equity229.7B190.0B174.3B187.2B217.1B206.8B
Non Current Liabilities Total126.7B103.9B80.4B86.0B104.2B91.3B
Inventory8.2B5.7B7.3B8.8B7.7B9.2B
Other Current Assets1.5B2.0B4.1B5.4B2.0B2.3B
Total Liab155.5B130.1B104.5B117.4B138.1B119.0B
Total Current Assets27.8B27.4B30.1B31.3B32.4B39.8B
Accumulated Other Comprehensive Income(33.8B)(47.8B)(37.7B)(37.6B)(28.5B)(27.1B)
Short Term Debt10.2B9.9B9.1B9.1B11.5B8.4B
Current Deferred Revenue7.8B7.2B6.9B1.3B1.5B1.4B
Other Stockholder Equity(31.0B)(24.5B)(29.5B)(24.4B)(64.5B)(61.3B)
Property Plant And Equipment Gross245.9B124.2B216.4B231.0B1.3T1.4T
Intangible Assets19.4B14.9B3.0B3.0B3.0B2.9B
Good Will203M63M24M22M25M23.8M
Other Liab200.7B198.8B30.7B215.5B247.9B131.7B
Net Tangible Assets217.1B230.7B66.4B347.0B399.1B231.9B
Other Assets71.1B104.7B14.3B102.6B1.00.95
Long Term Debt58.8B49.7B32.1B26.4B118.8B76.8B
Long Term Investments5.6B3.3B1.6B3.1B18.3B19.2B
Short Long Term Debt4.5B4.2B3.6B3.6B21.0B25.2B
Property Plant Equipment641.9B645.4B125.3B679.2B781.1B524.6B
Capital Lease Obligations23.9B21.7B23.0B23.8B164.0B172.2B
Non Current Liabilities Other1.4B2.2B2.2B2.0B9.2B9.6B

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Other Information on Investing in Petróleo Stock

Balance Sheet is a snapshot of the financial position of Petróleo Brasileiro at a specified time, usually calculated after every quarter, six months, or one year. Petróleo Brasileiro Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Petróleo Brasileiro and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Petróleo currently owns. An asset can also be divided into two categories, current and non-current.