Freeport Total Current Liabilities vs Cash And Short Term Investments Analysis
FCX Stock | USD 52.38 1.10 2.06% |
Freeport McMoran financial indicator trend analysis is much more than just examining Freeport McMoran Copper latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freeport McMoran Copper is a good investment. Please check the relationship between Freeport McMoran Total Current Liabilities and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freeport McMoran Copper Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Total Current Liabilities vs Cash And Short Term Investments
Total Current Liabilities 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 Freeport McMoran Copper Total Current Liabilities account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Freeport McMoran's Total Current Liabilities and Cash And Short Term Investments is 0.61. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Freeport McMoran Copper Gold, assuming nothing else is changed. The correlation between historical values of Freeport McMoran's Total Current Liabilities 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 Total Current Liabilities of Freeport McMoran Copper Gold 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 Total Current Liabilities i.e., Freeport McMoran's Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Freeport McMoran balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Freeport McMoran Copper Gold are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Freeport McMoran Copper balance sheet. This account contains Freeport McMoran investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Freeport McMoran Copper Gold 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 Freeport McMoran's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freeport McMoran Copper 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freeport McMoran Copper Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Freeport McMoran's Discontinued Operations is fairly stable compared to the past year. Tax Provision is likely to rise to about 2.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 315.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 529M | 656M | 798M | 965.5M | Cost Of Revenue | 14.0B | 15.1B | 15.8B | 16.6B |
Freeport McMoran fundamental ratios Correlations
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Freeport McMoran Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Freeport McMoran fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 40.8B | 42.1B | 48.0B | 51.1B | 52.5B | 55.1B | |
Short Long Term Debt Total | 9.8B | 9.7B | 9.5B | 10.6B | 9.9B | 6.2B | |
Total Current Liabilities | 3.2B | 3.4B | 5.9B | 6.3B | 5.8B | 6.1B | |
Total Stockholder Equity | 9.3B | 10.2B | 14.0B | 15.6B | 16.7B | 17.5B | |
Property Plant And Equipment Net | 29.6B | 29.8B | 30.3B | 32.6B | 35.3B | 37.1B | |
Net Debt | 7.8B | 6.1B | 1.4B | 2.5B | 4.2B | 4.3B | |
Retained Earnings | (12.3B) | (11.7B) | (7.4B) | (3.9B) | (2.1B) | (2.2B) | |
Cash | 2.0B | 3.7B | 8.1B | 8.1B | 5.7B | 5.9B | |
Non Current Assets Total | 33.0B | 32.8B | 33.2B | 35.5B | 38.4B | 40.4B | |
Non Currrent Assets Other | 3.4B | 3.0B | 2.8B | (2.1B) | (2.4B) | (2.2B) | |
Cash And Short Term Investments | 2.0B | 3.7B | 8.1B | 8.1B | 6.0B | 6.3B | |
Net Receivables | 1.2B | 1.4B | 1.7B | 1.8B | 1.7B | 1.0B | |
Common Stock Shares Outstanding | 1.5B | 1.5B | 1.5B | 1.5B | 1.4B | 814.2M | |
Liabilities And Stockholders Equity | 40.8B | 42.1B | 48.0B | 51.1B | 52.5B | 55.1B | |
Non Current Liabilities Total | 20.2B | 20.1B | 19.1B | 19.9B | 19.4B | 10.9B | |
Other Current Assets | 655M | 341M | 523M | 492M | 375M | 192.2M | |
Other Stockholder Equity | 22.1B | 22.3B | 21.6B | 19.6B | 18.9B | 9.5B | |
Total Liab | 23.4B | 23.5B | 25.0B | 26.2B | 25.2B | 13.4B | |
Total Current Assets | 7.8B | 9.3B | 14.8B | 15.6B | 14.1B | 14.8B | |
Other Current Liab | 628M | 610M | 1.8B | 1.2B | 2.3B | 2.5B | |
Accounts Payable | 2.6B | 2.7B | 3.5B | 4.0B | 2.5B | 1.7B | |
Short Term Debt | 5M | 34M | 372M | 1.0B | 850M | 892.5M | |
Property Plant And Equipment Gross | 29.6B | 29.8B | 77.0B | 80.9B | 84.6B | 88.8B | |
Accumulated Other Comprehensive Income | (676M) | (583M) | (388M) | (320M) | (274M) | (287.7M) | |
Other Liab | 10.1B | 10.4B | 10.0B | 10B | 11.5B | 12.1B | |
Other Assets | 2.6B | 3.0B | 2.8B | 2.1B | 2.4B | 2.2B | |
Long Term Debt | 9.8B | 9.7B | 9.1B | 9.6B | 8.7B | 8.6B | |
Treasury Stock | (3.7B) | (3.8B) | (4.3B) | (5.7B) | (5.1B) | (4.9B) | |
Property Plant Equipment | 31.0B | 31.3B | 30.3B | 33.9B | 39.0B | 22.3B | |
Short Term Investments | 11M | 109M | 100M | 500M | 300M | 315M | |
Intangible Assets | 402M | 401M | 412M | 416M | 422M | 346.4M | |
Good Will | 306M | 398M | 402M | 401M | 360.9M | 678.1M | |
Net Tangible Assets | 9.3B | 10.2B | 14.0B | 15.6B | 14.0B | 9.9B | |
Noncontrolling Interest In Consolidated Entity | 8.2B | 8.5B | 9.0B | 9.3B | 10.7B | 5.7B | |
Retained Earnings Total Equity | (12.3B) | (11.7B) | (7.4B) | (3.9B) | (3.5B) | (3.7B) |
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Is Freeport McMoran's 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 Freeport McMoran. If investors know Freeport 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 Freeport McMoran 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 (0.30) | Dividend Share 0.6 | Earnings Share 1.14 | Revenue Per Share 16.579 | Quarterly Revenue Growth 0.173 |
The market value of Freeport McMoran Copper is measured differently than its book value, which is the value of Freeport that is recorded on the company's balance sheet. Investors also form their own opinion of Freeport McMoran's value that differs from its market value or its book value, called intrinsic value, which is Freeport McMoran's 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 Freeport McMoran's market value can be influenced by many factors that don't directly affect Freeport McMoran's 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 Freeport McMoran's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freeport McMoran is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freeport McMoran's 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.