Fortive Total Current Liabilities vs Accounts Payable Analysis

FTV Stock

USD 76.95 1.20 1.58%

Fortive Corp financial indicator trend analysis is much more than just examining Fortive Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortive Corp is a good investment. Please check the relationship between Fortive Corp Total Current Liabilities and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortive Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Total Current Liabilities vs Accounts Payable

Total Current Liabilities vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortive Corp Total Current Liabilities account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Fortive Corp's Total Current Liabilities and Accounts Payable is -0.13. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Fortive Corp, assuming nothing else is changed. The correlation between historical values of Fortive Corp's Total Current Liabilities and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Fortive Corp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Current Liabilities i.e., Fortive Corp's Total Current Liabilities and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Fortive Corp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Fortive Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Accounts Payable

An accounting item on the balance sheet that represents Fortive Corp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Fortive Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from Fortive Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortive Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortive Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Fortive Stock please use our How to Invest in Fortive Corp guide.Tax Provision is likely to climb to about 145.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.9 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	3.0B	3.4B	3.6B	3.4B
Total Revenue	5.3B	5.8B	6.1B	4.8B

Gross Profit Total Revenue

Fortive Corp fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets
Common Stock Shares Outstanding		0.42	0.25	0.29	0.43	0.25	0.21	0.45	-0.59	0.41	0.03	-0.33	0.05	0.43	0.29	0.18	-0.32	-0.47	0.31	0.45	0.39	-0.14	0.37	-0.5	-0.41	-0.45
Total Assets	0.42		0.86	0.88	0.86	0.91	0.56	0.95	-0.14	0.99	0.48	0.35	0.41	0.98	0.79	0.39	0.38	-0.61	0.89	0.7	0.83	0.56	0.98	-0.83	-0.01	-0.88
Other Current Liab	0.25	0.86		0.77	0.63	0.85	0.58	0.74	0.16	0.83	0.48	0.49	0.64	0.78	0.8	0.57	0.3	-0.6	0.85	0.49	0.79	0.41	0.85	-0.77	0.21	-0.79
Total Current Liabilities	0.29	0.88	0.77		0.71	0.85	0.49	0.77	-0.13	0.89	0.51	0.46	0.34	0.85	0.65	0.35	0.66	-0.46	0.82	0.35	0.64	0.83	0.93	-0.7	0.23	-0.82
Total Stockholder Equity	0.43	0.86	0.63	0.71		0.72	0.14	0.9	-0.43	0.88	0.11	-0.05	0.07	0.91	0.38	0.01	0.24	-0.22	0.52	0.68	0.56	0.46	0.88	-0.49	-0.39	-0.58
Other Liab	0.25	0.91	0.85	0.85	0.72		0.67	0.78	0.03	0.9	0.59	0.56	0.59	0.86	0.77	0.5	0.53	-0.48	0.86	0.5	0.78	0.57	0.91	-0.68	0.13	-0.78
Property Plant And Equipment Net	0.21	0.56	0.58	0.49	0.14	0.67		0.36	0.27	0.48	0.66	0.65	0.7	0.42	0.84	0.67	0.2	-0.67	0.8	0.23	0.75	0.24	0.46	-0.68	0.49	-0.64
Current Deferred Revenue	0.45	0.95	0.74	0.77	0.9	0.78	0.36		-0.19	0.97	0.38	0.17	0.28	0.98	0.68	0.3	0.27	-0.56	0.76	0.83	0.7	0.45	0.93	-0.76	-0.18	-0.84
Accounts Payable	-0.59	-0.14	0.16	-0.13	-0.43	0.03	0.27	-0.19		-0.14	0.48	0.7	0.65	-0.18	0.26	0.61	0.16	-0.15	0.16	-0.01	-0.1	-0.1	-0.16	-0.01	0.68	-0.06
Non Current Assets Total	0.41	0.99	0.83	0.89	0.88	0.9	0.48	0.97	-0.14		0.47	0.33	0.39	0.99	0.73	0.37	0.43	-0.55	0.84	0.71	0.74	0.58	0.99	-0.78	-0.02	-0.87
Non Currrent Assets Other	0.03	0.48	0.48	0.51	0.11	0.59	0.66	0.38	0.48	0.47		0.86	0.73	0.42	0.7	0.78	0.35	-0.46	0.69	0.35	0.44	0.3	0.44	-0.47	0.37	-0.58
Other Assets	-0.33	0.35	0.49	0.46	-0.05	0.56	0.65	0.17	0.7	0.33	0.86		0.73	0.25	0.63	0.69	0.54	-0.34	0.62	0.07	0.38	0.43	0.34	-0.36	0.66	-0.43
Net Receivables	0.05	0.41	0.64	0.34	0.07	0.59	0.7	0.28	0.65	0.39	0.73	0.73		0.34	0.67	0.95	0.16	-0.47	0.62	0.3	0.41	-0.02	0.36	-0.45	0.48	-0.53
Good Will	0.43	0.98	0.78	0.85	0.91	0.86	0.42	0.98	-0.18	0.99	0.42	0.25	0.34		0.69	0.33	0.39	-0.54	0.8	0.76	0.7	0.54	0.97	-0.76	-0.09	-0.86
Non Current Liabilities Total	0.29	0.79	0.8	0.65	0.38	0.77	0.84	0.68	0.26	0.73	0.7	0.63	0.67	0.69		0.69	0.26	-0.89	0.97	0.57	0.87	0.32	0.71	-0.92	0.33	-0.88
Inventory	0.18	0.39	0.57	0.35	0.01	0.5	0.67	0.3	0.61	0.37	0.78	0.69	0.95	0.33	0.69		0.13	-0.6	0.63	0.34	0.35	-0.03	0.33	-0.53	0.5	-0.61
Other Current Assets	-0.32	0.38	0.3	0.66	0.24	0.53	0.2	0.27	0.16	0.43	0.35	0.54	0.16	0.39	0.26	0.13		-0.06	0.42	-0.11	0.11	0.85	0.48	-0.21	0.46	-0.4
Other Stockholder Equity	-0.47	-0.61	-0.6	-0.46	-0.22	-0.48	-0.67	-0.56	-0.15	-0.55	-0.46	-0.34	-0.47	-0.54	-0.89	-0.6	-0.06		-0.82	-0.55	-0.72	-0.12	-0.51	0.94	-0.28	0.84
Total Liab	0.31	0.89	0.85	0.82	0.52	0.86	0.8	0.76	0.16	0.84	0.69	0.62	0.62	0.8	0.97	0.63	0.42	-0.82		0.55	0.87	0.51	0.84	-0.93	0.32	-0.94
Property Plant And Equipment Gross	0.45	0.7	0.49	0.35	0.68	0.5	0.23	0.83	-0.01	0.71	0.35	0.07	0.3	0.76	0.57	0.34	-0.11	-0.55	0.55		0.52	-0.02	0.62	-0.61	-0.34	-0.63
Total Current Assets	0.39	0.83	0.79	0.64	0.56	0.78	0.75	0.7	-0.1	0.74	0.44	0.38	0.41	0.7	0.87	0.35	0.11	-0.72	0.87	0.52		0.33	0.75	-0.83	0.03	-0.73
Short Term Debt	-0.14	0.56	0.41	0.83	0.46	0.57	0.24	0.45	-0.1	0.58	0.3	0.43	-0.02	0.54	0.32	-0.03	0.85	-0.12	0.51	-0.02	0.33		0.65	-0.36	0.36	-0.48
Intangible Assets	0.37	0.98	0.85	0.93	0.88	0.91	0.46	0.93	-0.16	0.99	0.44	0.34	0.36	0.97	0.71	0.33	0.48	-0.51	0.84	0.62	0.75	0.65		-0.75	0.0	-0.84
Common Stock	-0.5	-0.83	-0.77	-0.7	-0.49	-0.68	-0.68	-0.76	-0.01	-0.78	-0.47	-0.36	-0.45	-0.76	-0.92	-0.53	-0.21	0.94	-0.93	-0.61	-0.83	-0.36	-0.75		-0.23	0.94
Property Plant Equipment	-0.41	-0.01	0.21	0.23	-0.39	0.13	0.49	-0.18	0.68	-0.02	0.37	0.66	0.48	-0.09	0.33	0.5	0.46	-0.28	0.32	-0.34	0.03	0.36	0.0	-0.23		-0.26
Net Tangible Assets	-0.45	-0.88	-0.79	-0.82	-0.58	-0.78	-0.64	-0.84	-0.06	-0.87	-0.58	-0.43	-0.53	-0.86	-0.88	-0.61	-0.4	0.84	-0.94	-0.63	-0.73	-0.48	-0.84	0.94	-0.26

Click cells to compare fundamentals

Fortive Corp Account Relationship Matchups

Fortive Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	340M	359M	352.3M	360.8M	355.6M	384.9M
Total Assets	17.4B	16.1B	16.5B	15.9B	16.9B	13.6B
Other Current Liab	736.7M	444.3M	405.5M	423.9M	470.7M	379.0M
Total Current Liabilities	3.5B	2.9B	3.7B	2.7B	1.8B	2.4B
Total Stockholder Equity	7.4B	9.0B	9.5B	9.7B	10.3B	7.4B
Other Liab	1.6B	1.2B	1.3B	1.1B	1.3B	1.1B
Property Plant And Equipment Net	726.3M	610.7M	571.1M	421.9M	594.8M	621.1M
Current Deferred Revenue	410.1M	376.4M	457.6M	509.6M	544.6M	350.2M
Accounts Payable	765.5M	480.8M	557.9M	623M	608.6M	511.5M
Non Current Assets Total	13.8B	11.6B	14.0B	13.4B	13.2B	10.6B
Non Currrent Assets Other	779.6M	344.1M	337.3M	455.8M	363.9M	449.2M
Other Assets	2.3B	344.1M	337.3M	455.8M	1.0	0.95
Net Receivables	1.4B	810.3M	930.2M	958.5M	1.1B	1.1B
Good Will	8.4B	7.4B	9.2B	9.0B	9.1B	7.0B
Liabilities And Stockholders Equity	17.4B	16.1B	16.5B	15.9B	16.9B	13.6B
Non Current Liabilities Total	6.6B	4.2B	3.2B	3.5B	4.8B	3.8B
Inventory	640.3M	455.5M	512.7M	536.7M	536.9M	591.0M
Other Current Assets	458.8M	237.1M	505.4M	272.6M	126.1M	119.8M
Other Stockholder Equity	3.3B	3.6B	3.7B	3.3B	3.1B	2.9B
Total Liab	10.0B	7.1B	6.9B	6.2B	6.6B	6.2B
Property Plant And Equipment Gross	726.3M	610.7M	571.1M	1.2B	1.2B	762.0M
Total Current Assets	3.7B	4.4B	2.5B	2.5B	3.7B	3.0B
Accumulated Other Comprehensive Income	(56.3M)	(141.1M)	(185M)	(325.7M)	(326.1M)	(309.8M)
Short Term Debt	1.6B	1.5B	2.2B	1.0B	37.6M	35.7M
Intangible Assets	3.8B	3.3B	3.9B	3.5B	3.2B	2.5B
Property Plant Equipment	585M	422M	571.1M	421.9M	379.7M	414.8M
Net Tangible Assets	(3.4B)	(1.5B)	(3.5B)	(2.9B)	(2.6B)	(2.7B)
Retained Earnings	4.1B	5.5B	6.0B	6.7B	7.5B	4.4B
Cash	1.2B	1.8B	819.3M	709.2M	1.9B	1.2B
Long Term Debt	4.8B	2.8B	1.8B	2.3B	3.6B	2.6B
Cash And Short Term Investments	1.2B	2.9B	819.3M	709.2M	1.9B	1.3B
Short Long Term Debt Total	6.5B	4.4B	4.1B	3.3B	3.8B	3.4B
Noncontrolling Interest In Consolidated Entity	17.4M	13.2M	8.5M	4.8M	4.3M	4.1M
Net Debt	5.3B	2.6B	3.3B	2.5B	1.9B	2.4B
Retained Earnings Total Equity	3.6B	4.1B	5.5B	6.0B	6.9B	3.9B
Long Term Debt Total	4.8B	2.8B	1.8B	2.3B	2.0B	2.5B
Capital Surpluse	3.3B	3.6B	3.7B	3.7B	4.3B	3.5B
Short Long Term Debt	1.5B	1.4B	2.2B	999.7M	899.7M	1.6B

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 Fortive Stock Analysis

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