| 88E Stock | | | 0.08 0.00 0.00% |
88 Energy financial indicator trend analysis is way more than just evaluating 88 Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 88 Energy is a good investment. Please check the relationship between 88 Energy Capital Expenditures and its Free Cash Flow accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in 88 Energy. 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 economic analysis.
Capital Expenditures vs Free Cash Flow
Capital Expenditures vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
88 Energy Capital Expenditures account and
Free Cash Flow. At this time, the significance of the direction appears to have pay attention.
The correlation between 88 Energy's Capital Expenditures and Free Cash Flow is -0.74. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of 88 Energy, assuming nothing else is changed. The correlation between historical values of 88 Energy's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of 88 Energy are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., 88 Energy's Capital Expenditures and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | -0.74 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Capital Expenditures
Capital Expenditures are funds used by 88 Energy to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of 88 Energy operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from 88 Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 88 Energy 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 88 Energy. 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 economic analysis.
As of January 29, 2025,
Selling General Administrative is expected to decline to about 2.4
M. In addition to that,
Issuance Of Capital Stock is expected to decline to about 34.1
M88 Energy fundamental ratios Correlations
Click cells to compare fundamentals
88 Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
88 Energy fundamental ratios Accounts
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Other Information on Investing in 88E Stock
Balance Sheet is a snapshot of the
financial position of 88 Energy at a specified time, usually calculated after every quarter, six months, or one year. 88 Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 88 Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which 88E currently owns. An asset can also be divided into two categories, current and non-current.