Amcor Non Currrent Assets Other vs Cash And Short Term Investments Analysis

AMC Stock

16.05 0.01 0.06%

Amcor PLC financial indicator trend analysis is way more than just evaluating Amcor PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Amcor PLC is a good investment. Please check the relationship between Amcor PLC Non Currrent Assets Other 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 Amcor PLC. 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.

For more information on how to buy Amcor Stock please use our How to Invest in Amcor PLC guide.

Non Currrent Assets Other vs Cash And Short Term Investments

Non Currrent Assets Other 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 Amcor PLC Non Currrent Assets Other account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Amcor PLC's Non Currrent Assets Other and Cash And Short Term Investments is 0.63. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Amcor PLC, assuming nothing else is changed. The correlation between historical values of Amcor PLC's Non Currrent Assets Other 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 Non Currrent Assets Other of Amcor PLC 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 Non Currrent Assets Other i.e., Amcor PLC's Non Currrent Assets Other and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Amcor PLC balance sheet. This account contains Amcor PLC investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Amcor PLC 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 Amcor PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amcor PLC 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 Amcor PLC. 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.

For more information on how to buy Amcor Stock please use our How to Invest in Amcor PLC guide.Tax Provision is likely to gain to about 205.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 810.4 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	135M	259M	348M	365.4M
Depreciation And Amortization	625M	586M	595M	624.8M

Interest Expense Depreciation And Amortization

Amcor PLC fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Accounts Payable	Other Assets
Total Assets		0.79	0.65	0.91	0.87	0.75	0.77	0.42	0.75	0.99	0.79	0.75	0.92	0.84	0.87	0.69	0.96	0.78	0.51	0.85	0.95	-0.32	-0.38	0.81	0.7	0.43
Short Long Term Debt Total	0.79		0.64	0.71	0.65	0.6	1.0	0.51	0.62	0.78	0.64	0.62	0.74	0.95	0.77	0.96	0.76	0.79	0.67	0.98	0.77	-0.33	-0.53	0.51	0.62	0.72
Other Current Liab	0.65	0.64		0.6	0.56	0.29	0.62	0.47	0.53	0.67	0.92	0.53	0.52	0.73	0.63	0.63	0.66	0.7	0.9	0.7	0.55	-0.63	-0.58	0.55	0.42	0.55
Total Current Liabilities	0.91	0.71	0.6		0.71	0.66	0.67	0.29	0.85	0.89	0.77	0.85	0.89	0.71	0.85	0.53	0.93	0.65	0.37	0.8	0.92	-0.03	-0.26	0.78	0.84	0.31
Total Stockholder Equity	0.87	0.65	0.56	0.71		0.71	0.65	0.32	0.43	0.9	0.71	0.43	0.73	0.79	0.62	0.59	0.78	0.82	0.46	0.71	0.74	-0.49	-0.36	0.89	0.3	0.31
Property Plant And Equipment Net	0.75	0.6	0.29	0.66	0.71		0.61	0.5	0.37	0.72	0.39	0.37	0.86	0.52	0.68	0.55	0.8	0.42	0.28	0.66	0.8	-0.03	0.2	0.53	0.53	0.21
Net Debt	0.77	1.0	0.62	0.67	0.65	0.61		0.52	0.56	0.77	0.62	0.56	0.72	0.94	0.73	0.97	0.74	0.8	0.67	0.98	0.74	-0.35	-0.53	0.5	0.58	0.73
Retained Earnings	0.42	0.51	0.47	0.29	0.32	0.5	0.52		0.23	0.39	0.34	0.23	0.48	0.43	0.43	0.56	0.51	0.33	0.61	0.51	0.49	-0.2	-0.04	0.09	0.34	0.6
Cash	0.75	0.62	0.53	0.85	0.43	0.37	0.56	0.23		0.71	0.63	1.0	0.75	0.6	0.86	0.47	0.73	0.46	0.34	0.68	0.8	0.0	-0.32	0.5	0.87	0.29
Non Current Assets Total	0.99	0.78	0.67	0.89	0.9	0.72	0.77	0.39	0.71		0.82	0.71	0.88	0.86	0.84	0.68	0.94	0.8	0.52	0.85	0.91	-0.38	-0.43	0.84	0.64	0.42
Non Currrent Assets Other	0.79	0.64	0.92	0.77	0.71	0.39	0.62	0.34	0.63	0.82		0.63	0.63	0.77	0.72	0.58	0.78	0.75	0.7	0.73	0.67	-0.58	-0.54	0.78	0.48	0.42
Cash And Short Term Investments	0.75	0.62	0.53	0.85	0.43	0.37	0.56	0.23	1.0	0.71	0.63		0.75	0.6	0.86	0.47	0.73	0.46	0.34	0.68	0.8	0.0	-0.32	0.5	0.87	0.29
Net Receivables	0.92	0.74	0.52	0.89	0.73	0.86	0.72	0.48	0.75	0.88	0.63	0.75		0.69	0.88	0.64	0.95	0.6	0.41	0.82	0.98	-0.09	-0.07	0.67	0.81	0.39
Good Will	0.84	0.95	0.73	0.71	0.79	0.52	0.94	0.43	0.6	0.86	0.77	0.6	0.69		0.73	0.91	0.75	0.91	0.71	0.95	0.73	-0.53	-0.68	0.68	0.48	0.68
Common Stock Shares Outstanding	0.87	0.77	0.63	0.85	0.62	0.68	0.73	0.43	0.86	0.84	0.72	0.86	0.88	0.73		0.69	0.87	0.51	0.48	0.83	0.89	-0.21	-0.21	0.57	0.8	0.34
Non Current Liabilities Total	0.69	0.96	0.63	0.53	0.59	0.55	0.97	0.56	0.47	0.68	0.58	0.47	0.64	0.91	0.69		0.65	0.75	0.74	0.93	0.66	-0.48	-0.52	0.39	0.47	0.77
Inventory	0.96	0.76	0.66	0.93	0.78	0.8	0.74	0.51	0.73	0.94	0.78	0.73	0.95	0.75	0.87	0.65		0.69	0.51	0.84	0.97	-0.2	-0.22	0.73	0.79	0.43
Other Current Assets	0.78	0.79	0.7	0.65	0.82	0.42	0.8	0.33	0.46	0.8	0.75	0.46	0.6	0.91	0.51	0.75	0.69		0.69	0.81	0.66	-0.56	-0.73	0.76	0.35	0.67
Other Stockholder Equity	0.51	0.67	0.9	0.37	0.46	0.28	0.67	0.61	0.34	0.52	0.7	0.34	0.41	0.71	0.48	0.74	0.51	0.69		0.68	0.44	-0.63	-0.56	0.31	0.28	0.73
Total Liab	0.85	0.98	0.7	0.8	0.71	0.66	0.98	0.51	0.68	0.85	0.73	0.68	0.82	0.95	0.83	0.93	0.84	0.81	0.68		0.84	-0.34	-0.47	0.61	0.67	0.67
Total Current Assets	0.95	0.77	0.55	0.92	0.74	0.8	0.74	0.49	0.8	0.91	0.67	0.8	0.98	0.73	0.89	0.66	0.97	0.66	0.44	0.84		-0.11	-0.19	0.67	0.84	0.43
Short Term Debt	-0.32	-0.33	-0.63	-0.03	-0.49	-0.03	-0.35	-0.2	0.0	-0.38	-0.58	0.0	-0.09	-0.53	-0.21	-0.48	-0.2	-0.56	-0.63	-0.34	-0.11		0.58	-0.38	0.24	-0.4
Common Stock	-0.38	-0.53	-0.58	-0.26	-0.36	0.2	-0.53	-0.04	-0.32	-0.43	-0.54	-0.32	-0.07	-0.68	-0.21	-0.52	-0.22	-0.73	-0.56	-0.47	-0.19	0.58		-0.34	-0.1	-0.53
Current Deferred Revenue	0.81	0.51	0.55	0.78	0.89	0.53	0.5	0.09	0.5	0.84	0.78	0.5	0.67	0.68	0.57	0.39	0.73	0.76	0.31	0.61	0.67	-0.38	-0.34		0.34	0.22
Accounts Payable	0.7	0.62	0.42	0.84	0.3	0.53	0.58	0.34	0.87	0.64	0.48	0.87	0.81	0.48	0.8	0.47	0.79	0.35	0.28	0.67	0.84	0.24	-0.1	0.34		0.33
Other Assets	0.43	0.72	0.55	0.31	0.31	0.21	0.73	0.6	0.29	0.42	0.42	0.29	0.39	0.68	0.34	0.77	0.43	0.67	0.73	0.67	0.43	-0.4	-0.53	0.22	0.33

Click cells to compare fundamentals

Amcor PLC Account Relationship Matchups

Amcor PLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	16.4B	17.2B	17.4B	17.0B	16.5B	8.9B
Short Long Term Debt Total	6.2B	6.3B	6.5B	6.7B	7.2B	7.5B
Other Current Liab	1.1B	3.4B	3.6B	3.4B	1.5B	1.5B
Total Current Liabilities	5.7B	6.2B	6.9B	6.3B	4.3B	3.1B
Total Stockholder Equity	4.7B	4.8B	4.1B	4.1B	3.9B	2.8B
Property Plant And Equipment Net	3.6B	3.8B	3.6B	3.8B	4.3B	3.2B
Net Debt	5.5B	5.4B	5.7B	6.1B	6.6B	6.9B
Retained Earnings	246.5M	452M	534M	865M	879M	598.1M
Cash	743M	850M	775M	689M	588M	352.9M
Non Current Assets Total	12.3B	12.5B	12.3B	12.2B	11.6B	6.1B
Non Currrent Assets Other	1.1B	1.3B	1.7B	1.6B	493M	517.7M
Cash And Short Term Investments	743M	850M	775M	689M	588M	352.9M
Net Receivables	1.6B	1.9B	1.9B	1.9B	1.8B	1.2B
Good Will	5.3B	5.4B	5.3B	5.4B	5.3B	5.6B
Common Stock Shares Outstanding	1.6B	1.6B	1.5B	1.5B	1.4B	1.2B
Liabilities And Stockholders Equity	16.4B	17.2B	17.4B	17.0B	16.5B	8.9B
Non Current Liabilities Total	6.0B	6.2B	6.3B	6.7B	8.3B	8.7B
Inventory	1.8B	2.0B	2.4B	2.2B	2.0B	1.2B
Other Current Assets	344.3M	561M	704M	515M	500M	525M
Other Stockholder Equity	(262M)	5.1B	4.4B	4.0B	4.0B	4.2B
Total Liab	11.8B	12.4B	13.3B	12.9B	12.6B	13.2B
Total Current Assets	4.2B	4.7B	5.1B	4.8B	5.0B	2.9B
Accumulated Other Comprehensive Income	(1.0B)	(766M)	(880M)	(862M)	(1.0B)	(969M)
Short Term Debt	206M	199M	251M	194M	221M	210.0M
Common Stock	16.3M	15.7M	15M	14M	16.1M	15.3M
Current Deferred Revenue	2.2B	2.4B	2.3B	2.2B	399M	690.5M
Accounts Payable	2.2B	2.6B	3.1B	2.7B	2.6B	1.5B
Other Assets	(1M)	371M	425M	510M	586.5M	615.8M
Other Liab	1.6B	1.3B	1.4B	1.3B	1.5B	1.5B
Long Term Debt	6.0B	6.2B	6.3B	6.6B	6.6B	3.7B
Intangible Assets	2.0B	1.8B	1.7B	1.5B	1.4B	890.2M
Property Plant Equipment	4.1B	4.3B	4.2B	4.3B	4.9B	4.2B
Net Tangible Assets	(2.7B)	(2.5B)	(2.9B)	(2.8B)	(2.5B)	(2.4B)
Short Long Term Debt	206M	103M	150M	93M	96M	91.2M
Treasury Stock	(10.7M)	(16.1M)	(67M)	(29M)	(26.1M)	(27.4M)
Long Term Debt Total	6.0B	6.2B	6.3B	6.7B	7.7B	5.5B

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Amcor Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC