AstraZeneca Total Current Liabilities vs Selling General Administrative Analysis

0A4J Stock   67.09  0.33  0.49%   
AstraZeneca PLC financial indicator trend analysis is way more than just evaluating AstraZeneca PLC ADR prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AstraZeneca PLC ADR is a good investment. Please check the relationship between AstraZeneca PLC Total Current Liabilities and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AstraZeneca PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Current Liabilities vs Selling General Administrative

Total Current Liabilities vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AstraZeneca PLC ADR Total Current Liabilities account and Selling General Administrative. At this time, the significance of the direction appears to have almost identical trend.
The correlation between AstraZeneca PLC's Total Current Liabilities and Selling General Administrative is 0.94. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of AstraZeneca PLC ADR, assuming nothing else is changed. The correlation between historical values of AstraZeneca PLC's Total Current Liabilities and Selling General Administrative 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 Liabilities of AstraZeneca PLC ADR are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., AstraZeneca PLC's Total Current Liabilities and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on AstraZeneca PLC balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AstraZeneca PLC ADR are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Selling General Administrative

Most indicators from AstraZeneca PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AstraZeneca PLC ADR 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 AstraZeneca PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Tax Provision is likely to gain to about 932.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 9.3 B in 2024.
 2019 2020 2023 2024 (projected)
Gross Profit19.6B21.3B24.5B21.1B
Total Revenue24.4B26.6B30.6B26.1B

AstraZeneca PLC fundamental ratios Correlations

0.830.9-0.08-0.710.770.680.830.820.820.92-0.780.730.610.20.980.810.79-0.670.920.850.28-0.73-0.390.8-0.7
0.830.92-0.25-0.910.790.911.00.820.940.76-0.830.860.730.610.90.910.94-0.930.870.940.3-0.84-0.040.48-0.81
0.90.92-0.03-0.910.870.830.90.90.980.76-0.840.890.720.380.920.930.92-0.810.960.950.17-0.83-0.180.68-0.86
-0.08-0.25-0.030.190.19-0.11-0.280.14-0.06-0.420.05-0.010.08-0.46-0.220.010.090.43-0.1-0.1-0.060.420.30.370.44
-0.71-0.91-0.910.19-0.79-0.92-0.89-0.81-0.95-0.60.83-0.94-0.8-0.5-0.78-0.92-0.90.94-0.86-0.96-0.270.810.0-0.440.87
0.770.790.870.19-0.790.690.751.00.810.54-0.90.870.710.270.770.890.87-0.690.820.840.35-0.650.070.66-0.62
0.680.910.83-0.11-0.920.690.890.710.90.55-0.760.870.850.50.740.890.93-0.910.760.940.39-0.670.080.45-0.7
0.831.00.9-0.28-0.890.750.890.790.920.77-0.810.820.710.640.90.890.92-0.920.860.920.26-0.83-0.080.47-0.81
0.820.820.90.14-0.811.00.710.790.840.61-0.910.880.720.280.820.910.88-0.710.850.860.35-0.690.010.68-0.65
0.820.940.98-0.06-0.950.810.90.920.840.69-0.810.880.80.50.860.950.94-0.860.940.970.13-0.79-0.130.6-0.86
0.920.760.76-0.42-0.60.540.550.770.610.69-0.610.560.420.270.940.640.59-0.640.830.720.2-0.74-0.540.59-0.72
-0.78-0.83-0.840.050.83-0.9-0.76-0.81-0.91-0.81-0.61-0.82-0.76-0.36-0.79-0.91-0.860.81-0.8-0.87-0.440.720.07-0.640.73
0.730.860.89-0.01-0.940.870.870.820.880.880.56-0.820.740.260.770.880.9-0.870.80.930.49-0.760.170.47-0.72
0.610.730.720.08-0.80.710.850.710.720.80.42-0.760.740.430.620.910.8-0.70.760.860.24-0.36-0.120.65-0.54
0.20.610.38-0.46-0.50.270.50.640.280.50.27-0.360.260.430.340.480.45-0.590.380.42-0.25-0.41-0.03-0.08-0.52
0.980.90.92-0.22-0.780.770.740.90.820.860.94-0.790.770.620.340.840.82-0.780.930.890.29-0.81-0.340.69-0.78
0.810.910.930.01-0.920.890.890.890.910.950.64-0.910.880.910.480.840.94-0.830.920.970.25-0.67-0.120.69-0.76
0.790.940.920.09-0.90.870.930.920.880.940.59-0.860.90.80.450.820.94-0.840.830.950.34-0.720.10.59-0.69
-0.67-0.93-0.810.430.94-0.69-0.91-0.92-0.71-0.86-0.640.81-0.87-0.7-0.59-0.78-0.83-0.84-0.75-0.9-0.420.85-0.06-0.270.84
0.920.870.96-0.1-0.860.820.760.860.850.940.83-0.80.80.760.380.930.920.83-0.750.920.08-0.75-0.390.75-0.84
0.850.940.95-0.1-0.960.840.940.920.860.970.72-0.870.930.860.420.890.970.95-0.90.920.35-0.76-0.10.63-0.8
0.280.30.17-0.06-0.270.350.390.260.350.130.2-0.440.490.24-0.250.290.250.34-0.420.080.35-0.250.410.1-0.01
-0.73-0.84-0.830.420.81-0.65-0.67-0.83-0.69-0.79-0.740.72-0.76-0.36-0.41-0.81-0.67-0.720.85-0.75-0.76-0.250.07-0.260.91
-0.39-0.04-0.180.30.00.070.08-0.080.01-0.13-0.540.070.17-0.12-0.03-0.34-0.120.1-0.06-0.39-0.10.410.07-0.50.31
0.80.480.680.37-0.440.660.450.470.680.60.59-0.640.470.65-0.080.690.690.59-0.270.750.630.1-0.26-0.5-0.37
-0.7-0.81-0.860.440.87-0.62-0.7-0.81-0.65-0.86-0.720.73-0.72-0.54-0.52-0.78-0.76-0.690.84-0.84-0.8-0.010.910.31-0.37
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AstraZeneca PLC Account Relationship Matchups

AstraZeneca PLC fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets63.4B60.7B61.4B66.7B76.7B69.2B
Short Long Term Debt Total15.6B17.4B16.2B18.0B20.7B18.0B
Total Current Liabilities18.1B20.3B22.6B26.3B30.2B21.3B
Total Stockholder Equity15.0B12.5B13.1B15.6B14.1B11.4B
Retained Earnings5.0B6.4B3.6B3.1B2.8B5.2B
Cash2.5B3.9B4.6B6.7B7.6B4.8B
Other Assets3.5B4.3B5.3B4.2B4.8B3.9B
Long Term Debt15.6B17.4B15.7B17.5B20.1B17.7B
Cash And Short Term Investments4.6B5.7B6.2B8.0B9.2B6.7B
Net Receivables5.2B5.7B8.8B9.9B11.4B6.5B
Good Will11.8B11.7B11.7B11.8B13.6B12.9B
Capital Surpluse4.4B4.4B7.9B8.0B9.2B6.4B
Inventory3.2B4.0B9.0B4.7B5.4B4.6B
Other Current Assets106M99M556M398M457.7M385.6M
Total Liab48.4B48.2B48.3B51.1B58.8B53.6B
Total Current Assets15.6B19.5B26.2B22.6B26.0B19.8B
Short Term Debt152M160M146M286M328.9M184.4M
Intangible Assets26.2B22.0B20.8B20.9B18.9B18.8B
Property Plant Equipment8.3B8.9B10.2B9.4B10.9B9.2B
Other Current Liab4.9B5.8B4.5B3.8B4.4B5.0B
Other Liab10.3B10.5B13.0B8.5B7.6B8.8B
Net Tangible Assets(19.4B)(17.2B)(23.1B)(22.1B)(25.4B)(26.7B)
Accounts Payable1.8B2.4B2.8B2.6B2.9B2.5B
Other Stockholder Equity(143M)881M111M(1.6B)(1.5B)(1.4B)

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