Baker Deferred Long Term Liab vs Cash And Short Term Investments Analysis
BKR Stock | USD 31.90 0.24 0.75% |
Baker Hughes financial indicator trend analysis is way more than just evaluating Baker Hughes prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Baker Hughes is a good investment. Please check the relationship between Baker Hughes Deferred Long Term Liab and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baker Hughes Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
Deferred Long Term Liab vs Cash And Short Term Investments
Deferred Long Term Liab vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Baker Hughes Deferred Long Term Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Baker Hughes' Deferred Long Term Liab and Cash And Short Term Investments is 0.22. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Baker Hughes Co, assuming nothing else is changed. The correlation between historical values of Baker Hughes' Deferred Long Term Liab and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Baker Hughes Co are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Deferred Long Term Liab i.e., Baker Hughes' Deferred Long Term Liab and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Baker Hughes balance sheet. This account contains Baker Hughes investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Baker Hughes Co fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Baker Hughes' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Baker Hughes 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 Baker Hughes Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. As of 05/09/2024, Selling General Administrative is likely to grow to about 2.8 B, while Tax Provision is likely to drop slightly above 463.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 20.5B | 21.2B | 25.5B | 22.1B | Depreciation And Amortization | 1.1B | 855M | 1.1B | 1.1B |
Baker Hughes fundamental ratios Correlations
Click cells to compare fundamentals
Baker Hughes Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Baker Hughes fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 53.4B | 38.0B | 35.3B | 34.2B | 36.9B | 43.0B | |
Short Long Term Debt Total | 6.6B | 7.6B | 6.7B | 6.7B | 6.0B | 6.1B | |
Other Current Liab | 2.6B | 2.4B | 2.1B | 2.3B | 2.8B | 2.2B | |
Total Current Liabilities | 10.0B | 10.2B | 9.2B | 11.1B | 13.0B | 10.2B | |
Total Stockholder Equity | 34.5B | 18.2B | 16.7B | 14.5B | 15.4B | 18.8B | |
Other Liab | 1.9B | 2.8B | 2.7B | 2.0B | 2.3B | 2.5B | |
Net Tangible Assets | (4.1B) | 12.9B | 6.7B | 14.4B | 16.6B | 17.4B | |
Property Plant And Equipment Net | 6.2B | 5.4B | 4.9B | 4.5B | 4.9B | 5.4B | |
Net Debt | 3.4B | 3.5B | 2.9B | 4.2B | 3.4B | 2.5B | |
Retained Earnings | 0.0 | (9.9B) | (10.2B) | (10.8B) | (8.8B) | (8.4B) | |
Accounts Payable | 4.3B | 3.5B | 3.7B | 4.3B | 4.5B | 3.8B | |
Cash | 3.2B | 4.1B | 3.9B | 2.5B | 2.6B | 3.6B | |
Non Current Assets Total | 38.1B | 21.6B | 20.3B | 19.6B | 20.6B | 20.0B | |
Non Currrent Assets Other | 4.0B | 3.8B | 3.7B | 4.3B | 3.0B | 3.3B | |
Other Assets | 5.0B | 5.8B | 5.3B | 4.2B | 1M | 950K | |
Long Term Debt | 6.3B | 6.7B | 6.7B | 6.0B | 5.9B | 6.2B | |
Cash And Short Term Investments | 3.2B | 4.1B | 3.9B | 2.5B | 2.6B | 3.6B | |
Net Receivables | 6.4B | 5.6B | 5.7B | 6.0B | 7.1B | 5.8B | |
Good Will | 20.7B | 6.0B | 6.0B | 5.9B | 6.1B | 8.8B | |
Common Stock Shares Outstanding | 557M | 675M | 824M | 987M | 1.0B | 706.2M | |
Long Term Debt Total | 6.3B | 6.7B | 6.7B | 6.0B | 6.9B | 6.2B | |
Liabilities And Stockholders Equity | 53.4B | 38.0B | 35.3B | 34.2B | 36.9B | 42.2B | |
Non Current Liabilities Total | 8.9B | 9.6B | 9.4B | 8.6B | 8.4B | 8.1B | |
Capital Surpluse | 23.6B | 24.6B | 27.4B | 28.1B | 32.3B | 20.9B | |
Inventory | 4.6B | 4.4B | 4.0B | 4.6B | 5.1B | 4.7B | |
Other Current Assets | 949M | 2.3B | 1.6B | 1.6B | 1.5B | 1.4B | |
Other Stockholder Equity | 36.1B | 30.0B | 29.3B | 27.3B | 27.0B | 23.5B | |
Total Liab | 18.9B | 19.8B | 18.6B | 19.7B | 21.4B | 18.2B | |
Deferred Long Term Liab | 181M | 186M | 127M | 229M | 206.1M | 173.7M | |
Short Long Term Debt | 321M | 889M | 40M | 677M | 148M | 140.6M | |
Total Current Assets | 15.2B | 16.5B | 15.1B | 14.6B | 16.3B | 15.5B | |
Accumulated Other Comprehensive Income | (1.6B) | (1.8B) | (2.4B) | (3.0B) | (2.8B) | (2.9B) | |
Short Term Debt | 321M | 889M | 40M | 677M | 148M | 140.6M | |
Intangible Assets | 5.4B | 4.4B | 4.1B | 4.2B | 4.1B | 4.8B | |
Common Stock | 34.5B | 18.2B | 16.7B | 1.0B | 905.4M | 860.1M | |
Property Plant Equipment | 7.1B | 5.4B | 4.9B | 4.5B | 4.1B | 4.4B | |
Current Deferred Revenue | 2.9B | 3.5B | 3.3B | 3.8B | 5.5B | 3.3B | |
Property Plant And Equipment Gross | 6.2B | 5.4B | 4.9B | 4.5B | 10.6B | 6.5B | |
Non Current Liabilities Other | 1.4B | 2.6B | 1.6B | 1.6B | 1.4B | 1.5B |
Pair Trading with Baker Hughes
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 Baker Hughes 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 Baker Hughes will appreciate offsetting losses from the drop in the long position's value.Moving together with Baker Stock
0.96 | NR | Newpark Resources | PairCorr |
0.78 | TS | Tenaris SA ADR | PairCorr |
Moving against Baker Stock
0.45 | NOA | North American Const | PairCorr |
The ability to find closely correlated positions to Baker Hughes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baker Hughes 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 Baker Hughes - 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 Baker Hughes Co to buy it.
The correlation of Baker Hughes 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 Baker Hughes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baker Hughes 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 Baker Hughes 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baker Hughes Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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Is Baker Hughes' industry 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 Baker Hughes. If investors know Baker 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 Baker Hughes 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 (0.21) | Dividend Share 0.8 | Earnings Share 1.79 | Revenue Per Share 26.078 | Quarterly Revenue Growth 0.123 |
The market value of Baker Hughes is measured differently than its book value, which is the value of Baker that is recorded on the company's balance sheet. Investors also form their own opinion of Baker Hughes' value that differs from its market value or its book value, called intrinsic value, which is Baker Hughes' 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 Baker Hughes' market value can be influenced by many factors that don't directly affect Baker Hughes' 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 Baker Hughes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Baker Hughes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baker Hughes' 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.