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 Total Current Assets and its Long Term Debt 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.
Total Current Assets vs Long Term Debt
Total Current Assets vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Diageo PLC Total Current Assets account and
Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Diageo PLC's Total Current Assets and Long Term Debt is 0.68. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt 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 Total Current Assets and Long Term Debt 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 Assets of Diageo PLC are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Assets i.e., Diageo PLC's Total Current Assets and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Long Term Debt
Long-term debt is a debt that Diageo PLC has held for over one year. Long-term debt appears on Diageo PLC balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Diageo PLC balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
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.
Diageo PLC fundamental ratios Correlations
Click cells to compare fundamentals
Diageo PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Diageo PLC fundamental ratios Accounts
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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.