AFLAC Common Stock Shares Outstanding vs Short Term Investments 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 Shares Outstanding and its Short Term Investments 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 Shares Outstanding vs Short Term Investments

Common Stock Shares Outstanding vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AFLAC Inc Common Stock Shares Outstanding account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between AFLAC's Common Stock Shares Outstanding and Short Term Investments is -0.39. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Short Term Investments 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 Shares Outstanding 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 Common Stock Shares Outstanding of AFLAC Inc 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 Common Stock Shares Outstanding i.e., AFLAC's Common Stock Shares Outstanding and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.39
Relationship DirectionNegative 
Relationship StrengthInsignificant

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Short Term Investments

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