Apple Other Stockholder Equity vs Non Current Liabilities Total Analysis

AAPL Stock

34.75 0.30 0.87%

Apple financial indicator trend analysis is way more than just evaluating Apple Inc CDR prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apple Inc CDR is a good investment. Please check the relationship between Apple Other Stockholder Equity and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc CDR. 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.

Other Stockholder Equity vs Non Current Liabilities Total

Other Stockholder Equity vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apple Inc CDR Other Stockholder Equity account and Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Apple's Other Stockholder Equity and Non Current Liabilities Total is -0.31. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Apple Inc CDR, assuming nothing else is changed. The correlation between historical values of Apple's Other Stockholder Equity 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 Other Stockholder Equity of Apple Inc CDR 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 Other Stockholder Equity i.e., Apple's Other Stockholder Equity and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

-0.31

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Other Stockholder Equity

Non Current Liabilities Total

Most indicators from Apple's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apple Inc CDR 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 Apple Inc CDR. 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.

As of November 29, 2024, Tax Provision is expected to decline to about 15.4 B. In addition to that, Selling General Administrative is expected to decline to about 23.3 B

	2021	2022	2023	2024 (projected)
Interest Expense	2.9B	3.9B	4.5B	3.5B
Interest Income	2.8B	3.8B	3.4B	3.2B

Interest Expense Interest Income

Apple fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Long Term Investments	Short Long Term Debt	Total Current Assets
Total Assets		0.2	0.55	0.04	-0.38	-0.01	0.63	0.04	0.79	-0.62	0.8	-0.01	0.09	0.37	-0.28	-0.25	-0.52	0.32	0.36	0.25	-0.49	0.53	-0.1	0.1	0.07	-0.7
Other Current Liab	0.2		0.9	-0.94	-0.95	-0.96	0.22	-0.94	0.61	0.0	-0.16	0.96	0.97	0.74	-0.4	-0.91	-0.71	0.74	0.84	0.89	-0.73	0.93	-0.92	-0.81	-0.58	-0.06
Total Current Liabilities	0.55	0.9		-0.72	-0.92	-0.76	0.49	-0.71	0.9	-0.34	0.24	0.75	0.81	0.64	-0.39	-0.78	-0.85	0.6	0.81	0.87	-0.88	0.96	-0.72	-0.55	-0.32	-0.3
Total Stockholder Equity	0.04	-0.94	-0.72		0.89	0.99	-0.04	1.0	-0.34	-0.21	0.4	-0.99	-0.95	-0.77	0.42	0.93	0.55	-0.79	-0.79	-0.76	0.55	-0.81	0.96	0.9	0.75	-0.03
Other Liab	-0.38	-0.95	-0.92	0.89		0.91	-0.34	0.89	-0.69	0.15	-0.01	-0.89	-0.9	-0.79	0.53	0.95	0.76	-0.79	-0.86	-0.81	0.81	-0.96	0.92	0.76	0.61	0.3
Net Tangible Assets	-0.01	-0.96	-0.76	0.99	0.91		-0.04	0.99	-0.41	-0.19	0.37	-0.99	-0.98	-0.75	0.5	0.93	0.57	-0.78	-0.84	-0.75	0.59	-0.84	0.96	0.91	0.75	-0.06
Net Debt	0.63	0.22	0.49	-0.04	-0.34	-0.04		-0.02	0.69	-0.91	0.84	0.05	0.0	0.33	0.22	-0.09	-0.72	0.2	0.22	0.41	-0.44	0.45	0.0	0.33	0.37	-0.83
Retained Earnings	0.04	-0.94	-0.71	1.0	0.89	0.99	-0.02		-0.35	-0.22	0.4	-0.99	-0.96	-0.77	0.46	0.93	0.56	-0.79	-0.82	-0.73	0.55	-0.81	0.96	0.91	0.77	-0.04
Accounts Payable	0.79	0.61	0.9	-0.34	-0.69	-0.41	0.69	-0.35		-0.62	0.62	0.39	0.48	0.43	-0.25	-0.49	-0.84	0.36	0.63	0.68	-0.83	0.8	-0.38	-0.16	0.02	-0.49
Cash	-0.62	0.0	-0.34	-0.21	0.15	-0.19	-0.91	-0.22	-0.62		-0.89	0.22	0.23	0.01	-0.19	-0.11	0.51	0.12	0.05	-0.23	0.47	-0.22	-0.2	-0.5	-0.55	0.81
Non Current Assets Total	0.8	-0.16	0.24	0.4	-0.01	0.37	0.84	0.4	0.62	-0.89		-0.37	-0.34	0.03	0.15	0.21	-0.45	-0.08	-0.01	0.03	-0.26	0.16	0.35	0.6	0.54	-0.79
Non Currrent Assets Other	-0.01	0.96	0.75	-0.99	-0.89	-0.99	0.05	-0.99	0.39	0.22	-0.37		0.97	0.77	-0.4	-0.91	-0.59	0.79	0.83	0.78	-0.54	0.84	-0.94	-0.89	-0.72	0.07
Other Assets	0.09	0.97	0.81	-0.95	-0.9	-0.98	0.0	-0.96	0.48	0.23	-0.34	0.97		0.73	-0.52	-0.92	-0.58	0.76	0.87	0.77	-0.61	0.87	-0.93	-0.9	-0.72	0.13
Long Term Debt	0.37	0.74	0.64	-0.77	-0.79	-0.75	0.33	-0.77	0.43	0.01	0.03	0.77	0.73		-0.4	-0.83	-0.63	0.98	0.82	0.54	-0.32	0.83	-0.78	-0.63	-0.69	-0.39
Net Receivables	-0.28	-0.4	-0.39	0.42	0.53	0.5	0.22	0.46	-0.25	-0.19	0.15	-0.4	-0.52	-0.4		0.6	0.03	-0.5	-0.57	-0.01	0.37	-0.47	0.57	0.63	0.75	0.0
Common Stock Shares Outstanding	-0.25	-0.91	-0.78	0.93	0.95	0.93	-0.09	0.93	-0.49	-0.11	0.21	-0.91	-0.92	-0.83	0.6		0.59	-0.86	-0.84	-0.71	0.65	-0.89	0.98	0.89	0.8	0.16
Short Term Investments	-0.52	-0.71	-0.85	0.55	0.76	0.57	-0.72	0.56	-0.84	0.51	-0.45	-0.59	-0.58	-0.63	0.03	0.59		-0.52	-0.72	-0.79	0.7	-0.82	0.5	0.24	0.09	0.5
Non Current Liabilities Total	0.32	0.74	0.6	-0.79	-0.79	-0.78	0.2	-0.79	0.36	0.12	-0.08	0.79	0.76	0.98	-0.5	-0.86	-0.52		0.81	0.5	-0.31	0.81	-0.83	-0.72	-0.79	-0.3
Inventory	0.36	0.84	0.81	-0.79	-0.86	-0.84	0.22	-0.82	0.63	0.05	-0.01	0.83	0.87	0.82	-0.57	-0.84	-0.72	0.81		0.6	-0.53	0.89	-0.77	-0.7	-0.67	-0.11
Other Current Assets	0.25	0.89	0.87	-0.76	-0.81	-0.75	0.41	-0.73	0.68	-0.23	0.03	0.78	0.77	0.54	-0.01	-0.71	-0.79	0.5	0.6		-0.78	0.82	-0.71	-0.53	-0.19	-0.16
Other Stockholder Equity	-0.49	-0.73	-0.88	0.55	0.81	0.59	-0.44	0.55	-0.83	0.47	-0.26	-0.54	-0.61	-0.32	0.37	0.65	0.7	-0.31	-0.53	-0.78		-0.76	0.61	0.42	0.15	0.34
Total Liab	0.53	0.93	0.96	-0.81	-0.96	-0.84	0.45	-0.81	0.8	-0.22	0.16	0.84	0.87	0.83	-0.47	-0.89	-0.82	0.81	0.89	0.82	-0.76		-0.83	-0.66	-0.52	-0.34
Net Invested Capital	-0.1	-0.92	-0.72	0.96	0.92	0.96	0.0	0.96	-0.38	-0.2	0.35	-0.94	-0.93	-0.78	0.57	0.98	0.5	-0.83	-0.77	-0.71	0.61	-0.83		0.94	0.82	0.05
Long Term Investments	0.1	-0.81	-0.55	0.9	0.76	0.91	0.33	0.91	-0.16	-0.5	0.6	-0.89	-0.9	-0.63	0.63	0.89	0.24	-0.72	-0.7	-0.53	0.42	-0.66	0.94		0.9	-0.26
Short Long Term Debt	0.07	-0.58	-0.32	0.75	0.61	0.75	0.37	0.77	0.02	-0.55	0.54	-0.72	-0.72	-0.69	0.75	0.8	0.09	-0.79	-0.67	-0.19	0.15	-0.52	0.82	0.9		-0.15
Total Current Assets	-0.7	-0.06	-0.3	-0.03	0.3	-0.06	-0.83	-0.04	-0.49	0.81	-0.79	0.07	0.13	-0.39	0.0	0.16	0.5	-0.3	-0.11	-0.16	0.34	-0.34	0.05	-0.26	-0.15

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Apple Account Relationship Matchups

Apple fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	323.9B	351.0B	352.8B	352.6B	405.5B	382.2B
Other Current Liab	47.9B	53.6B	67.1B	58.8B	67.7B	56.8B
Total Current Liabilities	105.4B	125.5B	154.0B	145.3B	167.1B	137.8B
Total Stockholder Equity	65.3B	63.1B	50.7B	62.1B	55.9B	58.5B
Other Liab	50.5B	46.1B	43.1B	38.4B	34.6B	36.3B
Net Tangible Assets	90.5B	65.3B	63.1B	50.7B	45.6B	60.3B
Net Debt	74.4B	89.8B	96.4B	81.1B	93.3B	89.7B
Retained Earnings	15.0B	5.6B	(3.1B)	(214M)	(192.6M)	(183.0M)
Accounts Payable	42.3B	54.8B	64.1B	62.6B	72.0B	59.7B
Cash	38.0B	34.9B	23.6B	30.0B	27.0B	26.8B
Non Current Assets Total	180.2B	216.2B	217.4B	209.0B	240.4B	226.0B
Non Currrent Assets Other	42.5B	48.8B	54.4B	46.9B	53.9B	45.5B
Other Assets	33.0B	34.0B	38.8B	44.0B	50.6B	37.8B
Long Term Debt	98.7B	109.1B	99.0B	95.3B	109.6B	107.7B
Net Receivables	37.4B	51.5B	60.9B	29.5B	26.6B	36.6B
Common Stock Shares Outstanding	17.0B	16.4B	15.9B	15.6B	14.0B	13.6B
Short Term Investments	52.9B	27.7B	24.7B	31.6B	28.4B	30.5B
Non Current Liabilities Total	153.2B	162.4B	148.1B	145.1B	166.9B	163.7B
Inventory	4.1B	6.6B	4.9B	6.3B	7.3B	5.5B
Other Current Assets	11.3B	14.1B	21.2B	14.7B	16.9B	15.7B
Other Stockholder Equity	(584M)	(406M)	163M	(11.1B)	(10.0B)	(9.5B)
Total Liab	258.5B	287.9B	302.1B	290.4B	334.0B	301.7B
Net Invested Capital	177.8B	187.8B	170.7B	173.2B	155.9B	150.6B
Long Term Investments	100.9B	127.9B	120.8B	100.5B	90.5B	96.8B
Short Long Term Debt	13.8B	15.6B	21.1B	15.8B	14.2B	13.8B
Total Current Assets	143.7B	134.8B	135.4B	143.6B	129.2B	113.6B
Capital Stock	50.8B	57.4B	64.8B	73.8B	84.9B	60.9B
Non Current Liabilities Other	26.3B	28.6B	32.5B	34.4B	39.5B	28.2B
Net Working Capital	38.3B	9.4B	(18.6B)	(1.7B)	(1.6B)	(1.5B)
Common Stock	45.2B	50.8B	57.4B	64.8B	74.6B	56.8B
Property Plant Equipment	37.4B	45.3B	49.5B	52.5B	60.4B	49.7B

Pair Trading with Apple

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Apple position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Apple will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Apple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apple when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Apple - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Apple Inc CDR to buy it.

The correlation of Apple is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apple Inc CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Apple can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Apple Stock

Balance Sheet is a snapshot of the financial position of Apple Inc CDR at a specified time, usually calculated after every quarter, six months, or one year. Apple Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Apple and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Apple currently owns. An asset can also be divided into two categories, current and non-current.

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Apple Other Stockholder Equity vs Non Current Liabilities Total Analysis

Other Stockholder Equity vs Non Current Liabilities Total

Other Stockholder Equity vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Other Stockholder Equity

Non Current Liabilities Total

Apple fundamental ratios Correlations

Apple Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Apple fundamental ratios Accounts

Pair Trading with Apple

Other Information on Investing in Apple Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Retained Earnings	+ 0.99	Net Tangible Assets
Non Current Liabilities Total	+ 0.98	Long Term Debt
Net Invested Capital	+ 0.98	Common Stock Shares Outstanding
Other Assets	+ 0.97	Other Current Liab

Non Currrent Assets Other	- 0.99	Retained Earnings
Non Currrent Assets Other	- 0.99	Net Tangible Assets
Non Currrent Assets Other	- 0.99	Total Stockholder Equity
Other Assets	- 0.98	Net Tangible Assets
Other Assets	- 0.96	Retained Earnings
Total Liab	- 0.96	Other Liab