Facebook Total Assets vs Current Liabilities Analysis

Total Assets vs Current Liabilities

Total Assets

Total assets refers to the total amount of Facebook 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 Facebook Inc 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. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents, Investments,Goodwill and Intangible Assets, Property Plant and Equipment Net,Tax Assets and Trade and Non Trade Receivables.

Current Liabilities

The current portion of Total Liabilities, reported if the company operates a classified balance sheet that segments current and non-current liabilities.

Accounts Relationship

Total Assets vs Current Liabilities

Significance: Almost Identical Trend

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Facebook Inc Total Assets account and Current Liabilities

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong