Freeport Total Stockholder Equity vs Short Term Investments 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 Total Stockholder Equity and its 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 closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Total Stockholder Equity vs Short Term Investments

JavaScript chart by amCharts 3.21.152014201620182020202220246B7B8B9B10B11B12B13B14B15B16B17B18B19B20B21B 50M100M150M200M250M300M350M400M450M500M
JavaScript chart by amCharts 3.21.15Total Stockholder Equitytotal: 153.9BShort Term Investmentstotal: 2.4B

Total Stockholder Equity vs 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 Stockholder Equity account and Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Freeport McMoran's Total Stockholder Equity and Short Term Investments is 0.16. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of 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 Stockholder Equity 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 Stockholder Equity of Freeport McMoran Copper Gold are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Stockholder Equity i.e., Freeport McMoran's Total Stockholder Equity and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.16
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Short Term Investments

Short Term Investments is an item under the current assets section of Freeport McMoran balance sheet. It contains any investments Freeport McMoran Copper Gold undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Freeport McMoran Copper can easily liquidate in the marketplace.
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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