Freeport Intangible Assets vs Accounts Payable Analysis

FCX Stock  USD 39.19  0.03  0.08%   
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 Intangible Assets and its Accounts Payable 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 closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Intangible Assets vs Accounts Payable

JavaScript chart by amCharts 3.21.15201420162018202020222024310M320M330M340M350M360M370M380M390M400M410M420M 1.6B1.8B2B2.2B2.4B2.6B2.8B3B3.2B3.4B3.6B
JavaScript chart by amCharts 3.21.15Intangible Assetstotal: 4.4BAccounts Payabletotal: 30.8B

Intangible Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Freeport McMoran Copper Intangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Freeport McMoran's Intangible Assets and Accounts Payable is 0.6. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Accounts Payable 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 Intangible Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Freeport McMoran Copper Gold are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Intangible Assets i.e., Freeport McMoran's Intangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Accounts Payable

An accounting item on the balance sheet that represents Freeport McMoran obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Freeport McMoran Copper are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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 closely tied 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 Expenses529M656M935M969.6M
Cost Of Revenue14.0B15.1B15.8B16.6B

Freeport McMoran fundamental ratios Correlations

0.660.850.770.980.510.060.270.980.120.280.760.440.750.910.590.550.780.710.530.760.30.690.80.570.56
0.660.470.180.720.94-0.31-0.260.74-0.24-0.270.870.340.970.420.350.610.950.14-0.070.810.380.130.480.440.3
0.850.470.630.750.24-0.040.60.74-0.020.610.620.510.520.850.390.490.590.890.760.530.650.850.730.620.68
0.770.180.630.720.070.60.340.720.290.350.490.080.310.780.530.160.350.640.520.55-0.010.60.570.190.1
0.980.720.750.720.630.090.081.00.10.090.760.350.80.840.620.490.810.550.40.790.210.610.70.470.48
0.510.940.240.070.63-0.23-0.560.65-0.22-0.560.720.070.860.270.270.380.81-0.14-0.30.710.24-0.040.270.170.13
0.06-0.31-0.040.60.09-0.23-0.050.070.21-0.04-0.09-0.62-0.30.080.14-0.61-0.29-0.020.05-0.02-0.340.21-0.29-0.57-0.59
0.27-0.260.60.340.08-0.56-0.050.060.111.00.010.51-0.150.420.020.26-0.060.860.8-0.10.370.640.440.490.51
0.980.740.740.721.00.650.070.060.110.070.780.350.820.840.610.510.820.540.370.810.210.580.720.480.47
0.12-0.24-0.020.290.1-0.220.210.110.110.12-0.10.0-0.150.11-0.05-0.05-0.160.10.19-0.16-0.370.150.120.020.08
0.28-0.270.610.350.09-0.56-0.041.00.070.120.00.5-0.160.430.010.25-0.060.860.8-0.10.380.660.440.490.52
0.760.870.620.490.760.72-0.090.010.78-0.10.00.40.90.60.430.680.920.410.150.890.350.270.670.520.26
0.440.340.510.080.350.07-0.620.510.350.00.50.40.50.410.40.90.550.570.50.370.30.290.70.960.74
0.750.970.520.310.80.86-0.3-0.150.82-0.15-0.160.90.50.520.510.740.990.250.040.880.280.190.620.580.37
0.910.420.850.780.840.270.080.420.840.110.430.60.410.520.460.470.560.810.60.640.320.740.830.570.64
0.590.350.390.530.620.270.140.020.61-0.050.010.430.40.510.460.430.530.290.320.59-0.160.30.430.360.15
0.550.610.490.160.490.38-0.610.260.51-0.050.250.680.90.740.470.430.770.470.280.640.270.120.820.910.6
0.780.950.590.350.810.81-0.29-0.060.82-0.16-0.060.920.550.990.560.530.770.340.130.880.330.260.660.630.41
0.710.140.890.640.55-0.14-0.020.860.540.10.860.410.570.250.810.290.470.340.840.340.470.810.760.650.67
0.53-0.070.760.520.4-0.30.050.80.370.190.80.150.50.040.60.320.280.130.840.00.390.790.50.510.61
0.760.810.530.550.790.71-0.02-0.10.81-0.16-0.10.890.370.880.640.590.640.880.340.00.180.210.680.480.21
0.30.380.65-0.010.210.24-0.340.370.21-0.370.380.350.30.280.32-0.160.270.330.470.390.180.410.30.390.48
0.690.130.850.60.61-0.040.210.640.580.150.660.270.290.190.740.30.120.260.810.790.210.410.430.390.61
0.80.480.730.570.70.27-0.290.440.720.120.440.670.70.620.830.430.820.660.760.50.680.30.430.790.67
0.570.440.620.190.470.17-0.570.490.480.020.490.520.960.580.570.360.910.630.650.510.480.390.390.790.8
0.560.30.680.10.480.13-0.590.510.470.080.520.260.740.370.640.150.60.410.670.610.210.480.610.670.8
Click cells to compare fundamentals

Freeport McMoran Account Relationship Matchups

Freeport McMoran fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets40.8B42.1B48.0B51.1B52.5B55.1B
Short Long Term Debt Total9.8B9.7B9.5B10.6B9.9B6.2B
Total Current Liabilities3.2B3.4B5.9B6.3B5.8B6.1B
Total Stockholder Equity9.3B10.2B14.0B15.6B16.7B17.5B
Property Plant And Equipment Net29.6B29.8B30.3B32.6B35.3B37.1B
Net Debt7.8B6.1B1.4B2.5B4.2B4.3B
Retained Earnings(12.3B)(11.7B)(7.4B)(3.9B)(2.1B)(2.2B)
Cash2.0B3.7B8.1B8.1B5.7B5.9B
Non Current Assets Total33.0B32.8B33.2B35.5B38.4B40.4B
Non Currrent Assets Other3.4B3.0B2.8B(2.1B)2.4B2.5B
Cash And Short Term Investments2.0B3.7B8.1B8.1B6.0B6.3B
Net Receivables1.2B1.4B1.7B1.8B1.7B1.0B
Common Stock Shares Outstanding1.5B1.5B1.5B1.5B1.4B814.2M
Liabilities And Stockholders Equity40.8B42.1B48.0B51.1B52.5B55.1B
Non Current Liabilities Total20.2B20.1B19.1B19.9B19.4B10.9B
Other Current Assets655M341M523M492M375M192.2M
Other Stockholder Equity22.1B22.3B21.6B19.6B18.9B9.5B
Total Liab23.4B23.5B25.0B26.2B25.2B13.4B
Total Current Assets7.8B9.3B14.8B15.6B14.1B14.8B
Other Current Liab628M1.5B1.7B1.7B1.6B1.6B
Accounts Payable2.6B1.5B2.0B2.7B2.5B1.5B
Short Term Debt5M72M410M1.1B850M892.5M
Property Plant And Equipment Gross29.6B29.8B77.0B80.9B84.6B88.8B
Accumulated Other Comprehensive Income(676M)(583M)(388M)(320M)(274M)(287.7M)
Other Liab10.1B10.4B10.0B10B11.5B12.1B
Other Assets2.6B3.0B2.8B2.1B2.4B2.2B
Long Term Debt9.8B9.7B9.1B9.6B8.7B8.6B
Treasury Stock(3.7B)(3.8B)(4.3B)(5.7B)(5.1B)(4.9B)
Property Plant Equipment31.0B31.3B30.3B33.9B39.0B22.3B
Short Term Investments11M109M100M500M300M315M
Intangible Assets402M401M412M416M422M346.4M
Good Will306M398M402M401M360.9M678.1M
Net Tangible Assets9.3B10.2B14.0B15.6B14.0B9.9B
Noncontrolling Interest In Consolidated Entity8.2B8.5B9.0B9.3B10.7B5.7B
Retained Earnings Total Equity(12.3B)(11.7B)(7.4B)(3.9B)(3.5B)(3.7B)

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When running Freeport McMoran's price analysis, check to measure Freeport McMoran's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Freeport McMoran is operating at the current time. Most of Freeport McMoran's value examination focuses on studying past and present price action to predict the probability of Freeport McMoran's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freeport McMoran's price. Additionally, you may evaluate how the addition of Freeport McMoran to your portfolios can decrease your overall portfolio volatility.