AFLAC Common Stock vs Cash Analysis

0H68 Stock   105.06  0.93  0.89%   
AFLAC financial indicator trend analysis is way more than just evaluating AFLAC Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AFLAC Inc is a good investment. Please check the relationship between AFLAC Common Stock and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AFLAC Inc. 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.

Common Stock vs Cash

Common Stock vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AFLAC Inc Common Stock account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between AFLAC's Common Stock and Cash is 0.73. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash in the same time period over historical financial statements of AFLAC Inc, assuming nothing else is changed. The correlation between historical values of AFLAC's Common Stock and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of AFLAC Inc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Common Stock i.e., AFLAC's Common Stock and Cash go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock

Cash

Cash refers to the most liquid asset of AFLAC Inc, which is listed under current asset account on AFLAC Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from AFLAC customers. The amounts must be unrestricted with restricted cash listed in a different AFLAC account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from AFLAC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AFLAC Inc 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 AFLAC Inc. 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.
Selling General Administrative is likely to drop to about 2.3 B in 2024. Tax Provision is likely to drop to about 625.8 M in 2024
 2021 2022 2023 2024 (projected)
Total Revenue22.1B19.1B18.7B14.3B
Interest Expense238M226M195M107.4M

AFLAC fundamental ratios Correlations

0.70.90.40.5-0.72-0.74-0.02-0.380.18-0.650.640.780.970.720.010.75-0.040.960.740.720.81-0.190.770.730.2
0.70.750.760.94-0.57-0.920.46-0.88-0.05-0.120.40.640.660.430.590.59-0.30.630.820.450.770.420.610.43-0.38
0.90.750.40.59-0.78-0.78-0.01-0.51-0.18-0.570.650.610.840.460.090.82-0.250.780.810.650.870.050.840.770.14
0.40.760.40.79-0.19-0.70.52-0.79-0.050.340.110.550.370.350.550.23-0.550.360.640.090.220.430.250.1-0.47
0.50.940.590.79-0.36-0.910.65-0.98-0.050.150.250.490.470.240.640.38-0.430.450.770.220.620.650.40.19-0.59
-0.72-0.57-0.78-0.19-0.360.490.120.230.040.68-0.76-0.31-0.65-0.50.04-0.970.0-0.58-0.48-0.9-0.750.13-0.97-0.93-0.32
-0.74-0.92-0.78-0.7-0.910.49-0.510.89-0.070.07-0.38-0.58-0.71-0.38-0.37-0.520.33-0.67-0.9-0.39-0.78-0.44-0.55-0.390.34
-0.020.46-0.010.520.650.12-0.51-0.70.240.58-0.180.03-0.010.00.53-0.12-0.450.020.47-0.120.110.68-0.11-0.27-0.66
-0.38-0.88-0.51-0.79-0.980.230.89-0.70.1-0.3-0.14-0.39-0.36-0.11-0.65-0.260.48-0.33-0.76-0.09-0.53-0.74-0.28-0.070.65
0.18-0.05-0.18-0.05-0.050.04-0.070.240.1-0.06-0.060.090.280.47-0.34-0.110.380.34-0.120.20.01-0.27-0.1-0.08-0.01
-0.65-0.12-0.570.340.150.680.070.58-0.3-0.06-0.63-0.37-0.63-0.490.32-0.66-0.37-0.62-0.11-0.7-0.560.57-0.66-0.73-0.6
0.640.40.650.110.25-0.76-0.38-0.18-0.14-0.06-0.630.360.620.45-0.050.720.150.580.360.720.54-0.040.730.690.22
0.780.640.610.550.49-0.31-0.580.03-0.390.09-0.370.360.760.60.360.38-0.070.840.590.320.48-0.160.410.340.0
0.970.660.840.370.47-0.65-0.71-0.01-0.360.28-0.630.620.760.79-0.010.640.020.980.670.720.77-0.170.670.610.08
0.720.430.460.350.24-0.5-0.380.0-0.110.47-0.490.450.60.79-0.050.430.070.790.360.710.4-0.330.450.410.04
0.010.590.090.550.640.04-0.370.53-0.65-0.340.32-0.050.36-0.01-0.05-0.02-0.240.020.38-0.130.180.540.0-0.19-0.63
0.750.590.820.230.38-0.97-0.52-0.12-0.26-0.11-0.660.720.380.640.43-0.02-0.070.60.560.820.76-0.151.00.970.41
-0.04-0.3-0.25-0.55-0.430.00.33-0.450.480.38-0.370.15-0.070.020.07-0.24-0.070.05-0.470.160.04-0.52-0.070.010.27
0.960.630.780.360.45-0.58-0.670.02-0.330.34-0.620.580.840.980.790.020.60.050.650.660.72-0.230.620.580.12
0.740.820.810.640.77-0.48-0.90.47-0.76-0.12-0.110.360.590.670.360.380.56-0.470.650.390.730.320.570.47-0.17
0.720.450.650.090.22-0.9-0.39-0.12-0.090.2-0.70.720.320.720.71-0.130.820.160.660.390.67-0.250.820.790.25
0.810.770.870.220.62-0.75-0.780.11-0.530.01-0.560.540.480.770.40.180.760.040.720.730.670.090.770.680.03
-0.190.420.050.430.650.13-0.440.68-0.74-0.270.57-0.04-0.16-0.17-0.330.54-0.15-0.52-0.230.32-0.250.09-0.15-0.34-0.8
0.770.610.840.250.4-0.97-0.55-0.11-0.28-0.1-0.660.730.410.670.450.01.0-0.070.620.570.820.77-0.150.970.39
0.730.430.770.10.19-0.93-0.39-0.27-0.07-0.08-0.730.690.340.610.41-0.190.970.010.580.470.790.68-0.340.970.6
0.2-0.380.14-0.47-0.59-0.320.34-0.660.65-0.01-0.60.220.00.080.04-0.630.410.270.12-0.170.250.03-0.80.390.6
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AFLAC Account Relationship Matchups

AFLAC fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets152.8B165.1B157.5B131.7B126.7B75.1B
Short Long Term Debt Total6.6B7.9B8.0B7.4B7.4B7.7B
Total Stockholder Equity29.0B33.6B33.3B20.1B22.0B11.1B
Net Debt1.7B2.8B2.9B3.5B3.1B3.2B
Retained Earnings34.3B38.0B41.4B44.4B48.0B50.4B
Other Assets(66.9B)(79.0B)(69.7B)(45.0B)(25.1B)(26.3B)
Common Stock Shares Outstanding746.4M716.2M676.7M637.7M598.7M806.5M
Liabilities And Stockholders Equity152.8B165.1B157.5B131.7B126.7B75.1B
Non Current Liabilities Total6.6B7.9B8.0B92.0B104.7B110.0B
Other Stockholder Equity(12.1B)(13.5B)(15.7B)(17.9B)(20.6B)(19.6B)
Total Liab6.6B7.9B8.0B111.6B104.7B54.0B
Other Current Liab(5.4B)(4.7B)(4.3B)(698M)(577M)(605.9M)
Total Current Liabilities5.4B4.7B4.3B1.3B2.2B2.1B
Property Plant And Equipment Net581M601M538M530M445M505.5M
Non Current Assets Total122.7B132.2B122.8B96.4B123.6B65.4B
Net Receivables828M796M693M647M848M603.9M
Other Current Assets7.4B7.8B7.5B7.2B7.3B9.9B
Total Current Assets97.0B111.8B104.4B80.3B28.2B35.9B
Intangible Assets10.1B10.4B9.5B8.6B9.1B6.2B
Accumulated Other Comprehensive Income6.6B8.9B7.4B(6.4B)(5.5B)(5.2B)
Accounts Payable4.7B5.2B3.1B2.9B3.3B2.0B
Cash4.9B5.1B5.1B3.9B4.3B2.7B
Non Currrent Assets Other(16.3B)(18.9B)(17.8B)(14.1B)110.9B116.5B
Cash And Short Term Investments96.2B111.0B103.7B79.7B28.2B35.6B
Short Term Investments91.3B105.9B98.7B75.7B1.4B1.4B
Inventory(7.4B)(7.8B)(7.5B)(7.2B)(78.4B)(74.5B)
Other Liab100.5B108.5B102.6B91.7B105.5B108.3B
Net Tangible Assets29.0B33.3B33.0B22.1B25.4B30.3B
Long Term Debt5.8B6.4B7.7B8.0B9.1B7.3B
Property Plant Equipment581M601M538M530M609.5M573.3M

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When running AFLAC's price analysis, check to measure AFLAC'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 AFLAC is operating at the current time. Most of AFLAC's value examination focuses on studying past and present price action to predict the probability of AFLAC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AFLAC's price. Additionally, you may evaluate how the addition of AFLAC to your portfolios can decrease your overall portfolio volatility.