Amazon Good Will vs Cash And Short Term Investments Analysis

0R1O Stock   225.50  5.00  2.17%   
Amazon financial indicator trend analysis is way more than just evaluating Amazon Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amazon Inc is a good investment. Please check the relationship between Amazon Good Will and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amazon 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.

Good Will vs Cash And Short Term Investments

Good Will vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Amazon Inc Good Will account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Amazon's Good Will and Cash And Short Term Investments is 0.91. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Amazon Inc, assuming nothing else is changed. The correlation between historical values of Amazon's Good Will and Cash 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 Good Will of Amazon Inc are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Good Will i.e., Amazon's Good Will and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Amazon Inc balance sheet. This account contains Amazon investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Amazon Inc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Amazon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amazon 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 Amazon 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.
Tax Provision is likely to drop to about 2.8 B in 2024. Selling General Administrative is likely to drop to about 79 B in 2024
 2018 2019 2023 2024 (projected)
EBIT12.4B14.4B16.6B9.7B
Other Operating Expenses296M338M388.7M279.1M

Amazon fundamental ratios Correlations

0.950.850.970.841.00.240.960.94-0.170.95-0.330.850.910.840.910.960.760.930.90.80.92-0.940.910.50.94
0.950.740.940.910.940.060.990.99-0.251.0-0.340.920.990.950.990.920.910.990.910.890.99-0.880.990.530.98
0.850.740.770.680.860.250.770.74-0.170.74-0.310.690.670.610.680.860.510.70.770.590.69-0.910.670.380.78
0.970.940.770.80.950.260.940.91-0.210.94-0.210.810.910.830.910.940.760.930.850.760.92-0.910.910.420.91
0.840.910.680.80.83-0.160.910.91-0.440.91-0.661.00.920.910.920.860.860.920.930.990.93-0.860.920.650.94
1.00.940.860.950.830.250.950.93-0.140.94-0.320.850.890.820.890.950.750.910.890.790.9-0.930.890.490.92
0.240.060.250.26-0.160.25-0.01-0.060.780.020.29-0.13-0.07-0.23-0.090.31-0.330.01-0.05-0.19-0.08-0.23-0.06-0.290.03
0.960.990.770.940.910.95-0.011.0-0.341.0-0.340.910.990.960.990.90.910.980.910.880.99-0.890.980.540.97
0.940.990.740.910.910.93-0.061.0-0.350.99-0.360.910.990.970.990.870.940.980.910.890.99-0.860.980.560.97
-0.17-0.25-0.17-0.21-0.44-0.140.78-0.34-0.35-0.290.35-0.41-0.36-0.44-0.39-0.13-0.48-0.29-0.37-0.42-0.380.25-0.34-0.33-0.29
0.951.00.740.940.910.940.021.00.99-0.29-0.340.920.990.960.990.910.920.990.910.890.99-0.880.990.540.98
-0.33-0.34-0.31-0.21-0.66-0.320.29-0.34-0.360.35-0.34-0.66-0.36-0.4-0.35-0.43-0.35-0.37-0.64-0.66-0.380.43-0.37-0.8-0.47
0.850.920.690.811.00.85-0.130.910.91-0.410.92-0.660.920.90.920.870.850.930.930.990.93-0.870.920.650.94
0.910.990.670.910.920.89-0.070.990.99-0.360.99-0.360.920.981.00.870.951.00.90.921.0-0.841.00.560.97
0.840.950.610.830.910.82-0.230.960.97-0.440.96-0.40.90.980.980.780.990.960.890.910.98-0.750.980.640.94
0.910.990.680.910.920.89-0.090.990.99-0.390.99-0.350.921.00.980.860.960.990.90.911.0-0.831.00.560.97
0.960.920.860.940.860.950.310.90.87-0.130.91-0.430.870.870.780.860.690.90.90.820.88-0.980.870.50.94
0.760.910.510.760.860.75-0.330.910.94-0.480.92-0.350.850.950.990.960.690.920.830.870.95-0.660.950.60.89
0.930.990.70.930.920.910.010.980.98-0.290.99-0.370.931.00.960.990.90.920.910.920.99-0.871.00.550.98
0.90.910.770.850.930.89-0.050.910.91-0.370.91-0.640.930.90.890.90.90.830.910.90.92-0.880.90.80.96
0.80.890.590.760.990.79-0.190.880.89-0.420.89-0.660.990.920.910.910.820.870.920.90.92-0.810.920.660.92
0.920.990.690.920.930.9-0.080.990.99-0.380.99-0.380.931.00.981.00.880.950.990.920.92-0.851.00.580.98
-0.94-0.88-0.91-0.91-0.86-0.93-0.23-0.89-0.860.25-0.880.43-0.87-0.84-0.75-0.83-0.98-0.66-0.87-0.88-0.81-0.85-0.84-0.43-0.91
0.910.990.670.910.920.89-0.060.980.98-0.340.99-0.370.921.00.981.00.870.951.00.90.921.0-0.840.570.97
0.50.530.380.420.650.49-0.290.540.56-0.330.54-0.80.650.560.640.560.50.60.550.80.660.58-0.430.570.63
0.940.980.780.910.940.920.030.970.97-0.290.98-0.470.940.970.940.970.940.890.980.960.920.98-0.910.970.63
Click cells to compare fundamentals

Amazon Account Relationship Matchups

Amazon fundamental ratios Accounts

201920202021202220232024 (projected)
Total Current Liabilities68.4B87.8B126.4B142.3B163.6B96.5B
Retained Earnings19.6B31.2B52.6B85.9B98.8B103.7B
Other Assets6.4B10.1B14.6B1.8B2.1B2.0B
Net Receivables16.3B20.5B24.3B32.9B37.8B20.9B
Inventory17.2B20.5B23.8B32.6B37.5B22.3B
Other Stockholder Equity(1.0B)(986M)(180M)(1.4B)(1.2B)(1.3B)
Total Current Assets75.1B96.3B132.7B161.6B185.8B104.8B
Property Plant Equipment61.8B97.8B150.7B216.4B248.8B261.3B
Total Assets162.6B225.2B321.2B420.5B483.6B277.4B
Short Long Term Debt Total39.8B40.5B49.9B64.4B74.1B51.2B
Total Stockholder Equity43.5B62.1B93.4B138.2B159.0B80.3B
Cash31.8B36.1B42.1B36.2B41.7B36.7B
Long Term Debt23.5B23.4B31.8B48.7B56.1B33.5B
Cash And Short Term Investments41.3B55.0B84.4B96.0B110.5B67.7B
Good Will14.5B14.8B15.0B15.4B17.7B16.1B
Short Term Investments9.5B18.9B42.3B59.8B68.8B72.2B
Capital Surpluse26.8B33.7B42.9B55.5B63.9B39.7B
Total Liab119.1B163.2B227.8B282.3B324.6B197.1B
Intangible Assets4.1B4.0B5.0B5.1B5.9B4.8B

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