Facebook Weighted Average Shares vs Current Assets Analysis

Weighted Average Shares vs Current Assets

Weighted Average Shares

The weighted average number of shares or units issued and outstanding that are used by the company to calculate Earnings per Basic Share, determined based on the timing of issuance of shares or units in the period.

Current Assets

Current assets of Facebook Inc include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Facebook. The current portion of Total Assets, reported if a company operates a classified balance sheet that segments current and non-current assets.

Accounts Relationship

Weighted Average Shares vs Current Assets

Significance: Almost Identical Trend

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

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong