Diageo Interest Expense vs Other Operating Expenses Analysis

DGE Stock   2,558  69.00  2.77%   
Diageo PLC financial indicator trend analysis is much more than just examining Diageo PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Diageo PLC is a good investment. Please check the relationship between Diageo PLC Interest Expense and its Other Operating Expenses accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diageo PLC. 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.

Interest Expense vs Other Operating Expenses

Interest Expense vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Diageo PLC Interest Expense account and Other Operating Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Diageo PLC's Interest Expense and Other Operating Expenses is 0.52. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Diageo PLC, assuming nothing else is changed. The correlation between historical values of Diageo PLC's Interest Expense and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Diageo PLC are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Interest Expense i.e., Diageo PLC's Interest Expense and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Diageo PLC. It is also known as Diageo PLC overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Diageo PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Diageo PLC 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 Diageo PLC. 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.
The current year's Issuance Of Capital Stock is expected to grow to about 29.7 M, whereas Selling General Administrative is forecasted to decline to about 30.8 M.
 2021 2022 2023 2024 (projected)
Interest Expense502M794M1.1B393M
Depreciation And Amortization489M496M537.8M342M

Diageo PLC fundamental ratios Correlations

0.91-0.180.580.520.90.580.920.870.950.170.980.910.070.23-0.75-0.230.930.97-0.03-0.810.960.630.82-0.50.87
0.910.030.680.160.940.390.970.720.870.390.820.80.30.33-0.66-0.090.960.930.07-0.930.980.580.93-0.460.62
-0.180.030.54-0.250.18-0.620.020.01-0.160.1-0.29-0.390.180.310.490.71-0.05-0.130.82-0.11-0.11-0.20.320.09-0.42
0.580.680.540.090.76-0.230.650.530.590.340.470.30.320.67-0.330.310.570.60.53-0.650.640.370.830.00.3
0.520.16-0.250.090.320.520.260.730.47-0.420.640.51-0.46-0.2-0.34-0.260.280.41-0.08-0.060.280.180.14-0.310.76
0.90.940.180.760.320.350.950.840.890.210.820.770.150.41-0.540.070.920.940.26-0.890.930.640.96-0.510.61
0.580.39-0.62-0.230.520.350.480.550.63-0.270.670.8-0.38-0.43-0.54-0.550.590.57-0.44-0.280.490.220.22-0.80.69
0.920.970.020.650.260.950.480.780.920.170.870.850.070.31-0.7-0.120.980.960.06-0.880.960.540.9-0.580.67
0.870.720.010.530.730.840.550.780.83-0.060.870.79-0.130.05-0.5-0.110.780.840.16-0.670.750.440.73-0.560.78
0.950.87-0.160.590.470.890.630.920.830.020.940.91-0.090.28-0.78-0.260.930.970.03-0.730.920.550.81-0.630.8
0.170.390.10.34-0.420.21-0.270.17-0.060.020.010.010.980.170.00.10.180.10.1-0.470.320.270.390.33-0.1
0.980.82-0.290.470.640.820.670.870.870.940.010.93-0.10.12-0.8-0.350.880.93-0.14-0.690.90.520.7-0.540.94
0.910.8-0.390.30.510.770.80.850.790.910.010.93-0.120.0-0.74-0.460.880.91-0.15-0.710.870.560.65-0.690.82
0.070.30.180.32-0.460.15-0.380.07-0.13-0.090.98-0.1-0.120.20.150.290.070.00.15-0.410.230.30.330.41-0.21
0.230.330.310.67-0.20.41-0.430.310.050.280.170.120.00.2-0.250.310.210.320.35-0.260.320.510.430.26-0.03
-0.75-0.660.49-0.33-0.34-0.54-0.54-0.7-0.5-0.780.0-0.8-0.740.15-0.250.59-0.71-0.750.410.43-0.73-0.29-0.450.32-0.77
-0.23-0.090.710.31-0.260.07-0.55-0.12-0.11-0.260.1-0.35-0.460.290.310.59-0.18-0.20.54-0.04-0.160.10.170.2-0.44
0.930.96-0.050.570.280.920.590.980.780.930.180.880.880.070.21-0.71-0.180.960.03-0.850.960.50.89-0.660.71
0.970.93-0.130.60.410.940.570.960.840.970.10.930.910.00.32-0.75-0.20.960.0-0.830.960.640.86-0.580.77
-0.030.070.820.53-0.080.26-0.440.060.160.030.1-0.14-0.150.150.350.410.540.030.0-0.180.00.060.37-0.05-0.27
-0.81-0.93-0.11-0.65-0.06-0.89-0.28-0.88-0.67-0.73-0.47-0.69-0.71-0.41-0.260.43-0.04-0.85-0.83-0.18-0.9-0.63-0.90.38-0.45
0.960.98-0.110.640.280.930.490.960.750.920.320.90.870.230.32-0.73-0.160.960.960.0-0.90.660.89-0.470.73
0.630.58-0.20.370.180.640.220.540.440.550.270.520.560.30.51-0.290.10.50.640.06-0.630.660.55-0.130.37
0.820.930.320.830.140.960.220.90.730.810.390.70.650.330.43-0.450.170.890.860.37-0.90.890.55-0.440.47
-0.5-0.460.090.0-0.31-0.51-0.8-0.58-0.56-0.630.33-0.54-0.690.410.260.320.2-0.66-0.58-0.050.38-0.47-0.13-0.44-0.43
0.870.62-0.420.30.760.610.690.670.780.8-0.10.940.82-0.21-0.03-0.77-0.440.710.77-0.27-0.450.730.370.47-0.43
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Diageo PLC Account Relationship Matchups

Diageo PLC fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets33.3B32.0B36.5B35.6B36.0B17.9B
Short Long Term Debt Total17.1B15.0B16.4B16.9B18.6B6.3B
Other Current Liab739M91M943M540M3.3B2.6B
Total Current Liabilities6.5B7.1B8.4B7.6B9.9B5.1B
Total Stockholder Equity6.8B6.9B7.8B7.8B7.9B6.6B
Property Plant And Equipment Net4.9B4.8B5.8B6.1B6.7B3.3B
Current Deferred Revenue79M541M90M73M66.5M(1.1B)
Net Debt13.5B12.0B13.7B15.1B17.5B4.8B
Retained Earnings4.3B5.1B5.4B5.7B7.7B2.2B
Accounts Payable3.7B4.6B5.9B5.3B6.4B804M
Cash3.3B2.7B2.3B1.4B1.1B1.4B
Non Current Assets Total21.8B20.5B23.6B23.2B24.0B9.8B
Non Currrent Assets Other1.3B1.2B1.9B1.5B1.5B(843M)
Cash And Short Term Investments3.4B2.9B2.5B1.8B1.1B2.1B
Common Stock Total Equity753M742M741M1.0B908.1M682.9M
Common Stock Shares Outstanding2.4B2.3B2.3B2.3B2.2B4.1B
Short Term Investments75M121M251M347M355M605M
Liabilities And Stockholders Equity33.3B32.0B36.5B35.6B36.0B17.3B
Non Current Liabilities Total18.4B16.4B18.6B18.7B23.5B5.6B
Inventory5.8B6.0B7.1B7.7B7.7B2.3B
Other Current Assets157M150M3.3B229M4.1B3.7B
Other Stockholder Equity(585M)(526M)(487M)(463M)(690.0M)3.4B
Total Liab24.9B23.5B27.0B26.3B26.4B10.7B
Property Plant And Equipment Gross4.9B4.8B9.5B9.6B3.3B3.9B
Total Current Assets11.5B11.4B12.9B12.4B15.1B8.1B
Accumulated Other Comprehensive Income2.3B1.6B2.2B1.9B(72.0M)(1.5B)
Short Term Debt2.0B1.9B1.5B1.7B75.2M1.7B
Intangible Assets9.4B8.8B9.6B9.3B9.5B4.9B
Common Stock742M741M723M712M887M1.0B
Other Liab3.2B3.1B3.6B3.2B3.6B2.2B
Other Assets1.8B1.4B2.1B1.5B(3.2B)(3.0B)
Long Term Debt14.8B12.9B14.5B14.8B18.6B19.5B
Net Receivables2.1B2.4B2.8B2.7B2.1B2.4B
Good Will1.9B2.0B2.3B2.2B2.3B1.4B
Property Plant Equipment4.9B4.8B5.8B6.3B7.2B3.7B
Treasury Stock(2.1B)(2.0B)(1.9B)(1.9B)(2.2B)(2.3B)
Net Tangible Assets(4.2B)(4.5B)(3.9B)(4.1B)(3.7B)(3.9B)
Short Long Term Debt2.0B1.9B1.5B1.7B1.5B2.1B

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Other Information on Investing in Diageo Stock

Balance Sheet is a snapshot of the financial position of Diageo PLC at a specified time, usually calculated after every quarter, six months, or one year. Diageo PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Diageo PLC 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 Diageo currently owns. An asset can also be divided into two categories, current and non-current.