Petroleo Total Current Assets vs Other Current Assets Analysis

PBR Stock

USD 13.80 0.19 1.36%

Petroleo Brasileiro financial indicator trend analysis is much more than just breaking down Petroleo Brasileiro prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Petroleo Brasileiro is a good investment. Please check the relationship between Petroleo Brasileiro Total Current Assets and its Other Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Petroleo Brasileiro Petrobras. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Total Current Assets vs Other Current Assets

Total Current Assets vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Petroleo Brasileiro Total Current Assets account and Other Current Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Petroleo Brasileiro's Total Current Assets and Other Current Assets is 0.86. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Petroleo Brasileiro Petrobras, assuming nothing else is changed. The correlation between historical values of Petroleo Brasileiro's Total Current Assets and Other Current Assets 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 Current Assets of Petroleo Brasileiro Petrobras are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Assets i.e., Petroleo Brasileiro's Total Current Assets and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Petroleo Brasileiro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Petroleo 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 Petroleo Brasileiro Petrobras. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At this time, Petroleo Brasileiro's Selling General Administrative is relatively stable compared to the past year. As of 06/14/2024, Tax Provision is likely to grow to about 16.9 B, while Enterprise Value is likely to drop slightly above 120.9 B.

	2021	2022	2023	2024 (projected)
Gross Profit	40.8B	65.0B	51.5B	36.0B
Total Revenue	84.0B	124.5B	102.5B	95.6B

Gross Profit Total Revenue

Petroleo Brasileiro fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Other Assets	Long Term Debt
Total Assets		0.82	-0.01	0.95	0.97	0.98	0.8	0.7	0.96	0.78	1.0	0.35	0.92	0.96	0.51	0.7	0.87	0.97	0.83	0.93	0.98	0.65	0.5	-0.28	-0.14	0.0
Short Long Term Debt Total	0.82		-0.28	0.66	0.68	0.88	0.99	0.31	0.72	0.87	0.83	0.46	0.85	0.68	0.6	0.38	0.96	0.7	0.45	0.94	0.79	0.59	0.67	-0.35	0.05	0.42
Other Current Liab	-0.01	-0.28		0.21	0.02	-0.02	-0.28	0.1	-0.03	-0.32	-0.01	-0.36	-0.09	0.0	0.19	0.3	-0.12	0.08	0.22	-0.05	-0.01	-0.05	-0.14	0.69	0.0	-0.06
Total Current Liabilities	0.95	0.66	0.21		0.94	0.9	0.63	0.71	0.92	0.65	0.94	0.2	0.85	0.94	0.48	0.75	0.75	0.95	0.92	0.84	0.93	0.74	0.38	-0.14	-0.11	-0.13
Total Stockholder Equity	0.97	0.68	0.02	0.94		0.91	0.64	0.78	0.98	0.68	0.96	0.28	0.88	0.99	0.34	0.77	0.73	0.99	0.89	0.81	0.97	0.61	0.35	-0.34	-0.25	-0.21
Property Plant And Equipment Net	0.98	0.88	-0.02	0.9	0.91		0.87	0.61	0.92	0.77	0.98	0.39	0.9	0.9	0.61	0.65	0.93	0.92	0.73	0.97	0.94	0.6	0.58	-0.26	-0.13	0.09
Net Debt	0.8	0.99	-0.28	0.63	0.64	0.87		0.28	0.68	0.81	0.81	0.46	0.79	0.63	0.63	0.36	0.96	0.66	0.38	0.93	0.74	0.55	0.68	-0.32	0.05	0.41
Retained Earnings	0.7	0.31	0.1	0.71	0.78	0.61	0.28		0.74	0.31	0.7	0.04	0.54	0.77	0.29	0.63	0.41	0.75	0.68	0.5	0.67	0.3	0.2	-0.15	-0.27	-0.26
Accounts Payable	0.96	0.72	-0.03	0.92	0.98	0.92	0.68	0.74		0.69	0.96	0.32	0.88	0.99	0.38	0.73	0.74	0.98	0.83	0.82	0.95	0.6	0.42	-0.37	-0.18	-0.2
Cash	0.78	0.87	-0.32	0.65	0.68	0.77	0.81	0.31	0.69		0.76	0.53	0.89	0.69	0.37	0.26	0.83	0.69	0.6	0.82	0.82	0.61	0.55	-0.49	0.15	0.4
Non Current Assets Total	1.0	0.83	-0.01	0.94	0.96	0.98	0.81	0.7	0.96	0.76		0.36	0.91	0.95	0.53	0.7	0.88	0.96	0.81	0.94	0.96	0.64	0.52	-0.26	-0.14	0.0
Non Currrent Assets Other	0.35	0.46	-0.36	0.2	0.28	0.39	0.46	0.04	0.32	0.53	0.36		0.26	0.26	0.26	-0.28	0.45	0.31	0.14	0.42	0.31	0.0	0.72	-0.44	0.42	0.24
Cash And Short Term Investments	0.92	0.85	-0.09	0.85	0.88	0.9	0.79	0.54	0.88	0.89	0.91	0.26		0.89	0.39	0.68	0.84	0.88	0.78	0.88	0.97	0.7	0.39	-0.38	-0.12	0.14
Net Receivables	0.96	0.68	0.0	0.94	0.99	0.9	0.63	0.77	0.99	0.69	0.95	0.26	0.89		0.32	0.76	0.71	0.99	0.9	0.8	0.97	0.65	0.34	-0.36	-0.24	-0.2
Common Stock Shares Outstanding	0.51	0.6	0.19	0.48	0.34	0.61	0.63	0.29	0.38	0.37	0.53	0.26	0.39	0.32		0.21	0.71	0.37	0.18	0.69	0.4	0.28	0.82	0.27	0.29	0.34
Short Term Investments	0.7	0.38	0.3	0.75	0.77	0.65	0.36	0.63	0.73	0.26	0.7	-0.28	0.68	0.76	0.21		0.43	0.75	0.68	0.53	0.72	0.51	-0.06	-0.03	-0.5	-0.36
Non Current Liabilities Total	0.87	0.96	-0.12	0.75	0.73	0.93	0.96	0.41	0.74	0.83	0.88	0.45	0.84	0.71	0.71	0.43		0.75	0.54	0.99	0.82	0.55	0.7	-0.16	0.07	0.4
Inventory	0.97	0.7	0.08	0.95	0.99	0.92	0.66	0.75	0.98	0.69	0.96	0.31	0.88	0.99	0.37	0.75	0.75		0.89	0.83	0.97	0.59	0.39	-0.32	-0.23	-0.15
Other Current Assets	0.83	0.45	0.22	0.92	0.89	0.73	0.38	0.68	0.83	0.6	0.81	0.14	0.78	0.9	0.18	0.68	0.54	0.89		0.65	0.86	0.68	0.15	-0.19	-0.19	-0.23
Total Liab	0.93	0.94	-0.05	0.84	0.81	0.97	0.93	0.5	0.82	0.82	0.94	0.42	0.88	0.8	0.69	0.53	0.99	0.83	0.65		0.88	0.62	0.66	-0.17	0.03	0.29
Total Current Assets	0.98	0.79	-0.01	0.93	0.97	0.94	0.74	0.67	0.95	0.82	0.96	0.31	0.97	0.97	0.4	0.72	0.82	0.97	0.86	0.88		0.66	0.42	-0.34	-0.17	0.0
Short Term Debt	0.65	0.59	-0.05	0.74	0.61	0.6	0.55	0.3	0.6	0.61	0.64	0.0	0.7	0.65	0.28	0.51	0.55	0.59	0.68	0.62	0.66		0.19	-0.24	0.02	0.0
Common Stock	0.5	0.67	-0.14	0.38	0.35	0.58	0.68	0.2	0.42	0.55	0.52	0.72	0.39	0.34	0.82	-0.06	0.7	0.39	0.15	0.66	0.42	0.19		-0.08	0.47	0.37
Other Liab	-0.28	-0.35	0.69	-0.14	-0.34	-0.26	-0.32	-0.15	-0.37	-0.49	-0.26	-0.44	-0.38	-0.36	0.27	-0.03	-0.16	-0.32	-0.19	-0.17	-0.34	-0.24	-0.08		0.25	0.1
Other Assets	-0.14	0.05	0.0	-0.11	-0.25	-0.13	0.05	-0.27	-0.18	0.15	-0.14	0.42	-0.12	-0.24	0.29	-0.5	0.07	-0.23	-0.19	0.03	-0.17	0.02	0.47	0.25		0.33
Long Term Debt	0.0	0.42	-0.06	-0.13	-0.21	0.09	0.41	-0.26	-0.2	0.4	0.0	0.24	0.14	-0.2	0.34	-0.36	0.4	-0.15	-0.23	0.29	0.0	0.0	0.37	0.1	0.33

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Petroleo Brasileiro Account Relationship Matchups

Petroleo Brasileiro fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	229.7B	190.0B	174.3B	187.2B	216.3B	206.8B
Short Long Term Debt Total	87.1B	75.5B	58.7B	53.8B	62.4B	69.3B
Other Current Liab	5.2B	2.3B	2.7B	16.8B	12.6B	13.3B
Total Current Liabilities	28.8B	26.2B	24.2B	31.4B	33.7B	27.7B
Total Stockholder Equity	73.3B	59.3B	69.4B	69.5B	78.3B	86.8B
Property Plant And Equipment Net	159.3B	124.2B	125.3B	130.2B	152.9B	137.6B
Net Debt	79.7B	63.8B	48.3B	45.8B	57.4B	55.6B
Retained Earnings	31.0B	24.5B	29.5B	24.4B	32.8B	35.2B
Accounts Payable	5.6B	6.9B	5.5B	5.5B	4.8B	7.3B
Cash	7.4B	11.7B	10.5B	8.0B	5.0B	4.7B
Non Current Assets Total	201.9B	162.6B	144.2B	155.9B	184.0B	166.9B
Non Currrent Assets Other	16.2B	13.7B	13.7B	18.8B	(4.9B)	(4.7B)
Cash And Short Term Investments	8.3B	12.4B	11.1B	10.8B	15.5B	17.2B
Net Receivables	7.3B	7.3B	7.7B	6.3B	7.3B	9.9B
Short Term Investments	888M	659M	650M	2.8B	10.5B	11.0B
Liabilities And Stockholders Equity	229.7B	190.0B	174.3B	187.2B	216.3B	206.8B
Non Current Liabilities Total	126.7B	103.9B	80.4B	86.0B	103.9B	91.3B
Inventory	8.2B	5.7B	7.3B	8.8B	7.7B	9.2B
Other Current Assets	1.5B	1.2B	1.6B	1.8B	1.9B	1.4B
Total Liab	155.5B	130.1B	104.5B	117.4B	137.6B	118.9B
Total Current Assets	27.8B	27.4B	30.1B	31.3B	32.3B	39.8B
Accumulated Other Comprehensive Income	(33.8B)	(47.8B)	(37.7B)	(37.6B)	3.3B	3.4B
Short Term Debt	10.2B	9.9B	9.1B	9.1B	11.5B	8.4B
Other Liab	200.7B	198.8B	30.7B	215.5B	247.9B	260.3B
Other Assets	29.9B	104.7B	14.3B	89.8B	1.0	0.95
Long Term Debt	237.0B	49.7B	32.1B	137.6B	118.8B	121.4B
Property Plant Equipment	641.9B	645.4B	125.3B	679.2B	781.1B	820.1B
Current Deferred Revenue	7.8B	7.2B	6.9B	4.8B	5.5B	6.5B
Other Stockholder Equity	(31.0B)	(24.5B)	(29.5B)	(24.4B)	1.0	0.95
Property Plant And Equipment Gross	159.3B	124.2B	216.4B	231.0B	1.3T	1.4T
Good Will	203M	63M	24M	22M	25.3M	24.1M
Intangible Assets	19.4B	14.9B	3.0B	3.0B	14.6B	10.9B
Net Tangible Assets	217.1B	230.7B	66.4B	347.0B	312.3B	178.6B
Long Term Investments	5.6B	3.3B	1.6B	3.1B	18.3B	19.2B
Short Long Term Debt	4.5B	4.2B	3.6B	3.6B	21.0B	25.3B
Long Term Debt Total	310.0B	341.2B	277.2B	233.1B	209.7B	260.2B
Capital Lease Obligations	23.9B	21.7B	23.0B	23.8B	164.0B	172.2B

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Petroleo Total Current Assets vs Other Current Assets Analysis

Total Current Assets vs Other Current Assets

Total Current Assets vs Other Current Assets Correlation Analysis

Correlation Coefficient

Total Current Assets

Other Current Assets

Petroleo Brasileiro fundamental ratios Correlations

Petroleo Brasileiro Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Petroleo Brasileiro fundamental ratios Accounts

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Additional Tools for Petroleo Stock Analysis

COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Net Receivables	+ 0.99	Total Stockholder Equity
Inventory	+ 0.99	Total Stockholder Equity
Net Receivables	+ 0.99	Accounts Payable
Inventory	+ 0.99	Net Receivables

Other Assets	- 0.5	Short Term Investments
Other Liab	- 0.49	Cash
Other Liab	- 0.44	Non Currrent Assets Other
Other Liab	- 0.38	Cash And Short Term Investments
Other Liab	- 0.37	Accounts Payable
Long Term Debt	- 0.36	Short Term Investments