Alcoa Inventory vs Non Current Liabilities Total Analysis
AAI Stock | 64.21 0.84 1.29% |
Alcoa financial indicator trend analysis is way more than just evaluating Alcoa Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alcoa Inc is a good investment. Please check the relationship between Alcoa Inventory and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa 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.
Inventory vs Non Current Liabilities Total
Inventory vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alcoa Inc Inventory account and Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Alcoa's Inventory and Non Current Liabilities Total is -0.47. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Alcoa Inc, assuming nothing else is changed. The correlation between historical values of Alcoa's Inventory and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Alcoa Inc are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Inventory i.e., Alcoa's Inventory and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.47 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Inventory
Non Current Liabilities Total
Most indicators from Alcoa's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alcoa 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 Alcoa 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 gain to about 237.3 M in 2024, whereas Tax Provision is likely to drop slightly above 179.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 195M | 106M | 107M | 146.0M | Depreciation And Amortization | 664M | 617M | 632M | 657.2M |
Alcoa fundamental ratios Correlations
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Alcoa Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alcoa fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 20.8B | 14.9B | 15.0B | 14.8B | 14.2B | 14.8B | |
Short Long Term Debt Total | 2.6B | 2.8B | 2.6B | 1.9B | 1.9B | 1.7B | |
Other Current Liab | 1.3B | 1.2B | 1.1B | 1.0B | 1.1B | 993.3M | |
Total Current Liabilities | 3.6B | 2.8B | 3.2B | 3.0B | 3.0B | 2.8B | |
Total Stockholder Equity | 5.8B | 3.3B | 4.7B | 5.1B | 4.3B | 4.5B | |
Property Plant And Equipment Net | 11.3B | 7.2B | 6.6B | 6.5B | 6.8B | 7.5B | |
Current Deferred Revenue | 147.9M | 91M | 374M | 230M | 129.3M | 214.1M | |
Net Debt | 1.5B | 1.0B | 52M | 503M | 971M | 813.8M | |
Retained Earnings | (789.5M) | (725M) | (315M) | (570M) | (1.3B) | (1.2B) | |
Accounts Payable | 2.1B | 1.4B | 1.7B | 1.8B | 1.7B | 1.5B | |
Cash | 1.3B | 1.6B | 1.8B | 1.4B | 944M | 1.1B | |
Non Current Assets Total | 15.8B | 10.3B | 10B | 9.5B | 9.8B | 10.8B | |
Non Currrent Assets Other | 1.8B | 1.3B | 1.5B | 1.4B | 1.5B | 1.3B | |
Cash And Short Term Investments | 1.3B | 1.6B | 1.8B | 1.4B | 944M | 1.2B | |
Net Receivables | 938.9M | 556M | 884M | 909M | 808M | 800.6M | |
Good Will | 214.5M | 213.4M | 145M | 144M | 146M | 141.9M | |
Common Stock Shares Outstanding | 185M | 186M | 190M | 181M | 178M | 147.9M | |
Liabilities And Stockholders Equity | 20.8B | 14.9B | 15.0B | 14.8B | 14.2B | 14.8B | |
Non Current Liabilities Total | 8.8B | 7.1B | 5.5B | 5.2B | 5.3B | 5.8B | |
Inventory | 2.3B | 1.4B | 2.0B | 2.4B | 2.2B | 2.2B | |
Other Current Assets | 404.0M | 959M | 372M | 551M | 495M | 554.1M | |
Other Stockholder Equity | 13.7B | 9.7B | 9.6B | 9.2B | 9.2B | 9.0B | |
Total Liab | 12.4B | 9.8B | 8.7B | 8.2B | 8.3B | 8.6B | |
Total Current Assets | 5.0B | 4.5B | 5.0B | 5.3B | 4.4B | 4.0B | |
Accumulated Other Comprehensive Income | (7.1B) | (5.6B) | (4.6B) | (3.5B) | (3.6B) | (3.8B) | |
Short Term Debt | 1.4M | 88.2M | 79M | 76M | 1M | 51.4M | |
Common Stock | 2.6M | 2.8M | 2.8M | 2M | 1.8M | 1.9M | |
Short Term Investments | 83.9M | 27.2M | 19.3M | 196.7M | 42.6M | 70.6M |
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Additional Tools for Alcoa Stock Analysis
When running Alcoa's price analysis, check to measure Alcoa'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 Alcoa is operating at the current time. Most of Alcoa's value examination focuses on studying past and present price action to predict the probability of Alcoa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alcoa's price. Additionally, you may evaluate how the addition of Alcoa to your portfolios can decrease your overall portfolio volatility.