KeyCorp Capital Expenditures vs Depreciation Analysis

KEY Stock  USD 19.60  0.38  1.98%   
KeyCorp financial indicator trend analysis is infinitely more than just investigating KeyCorp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether KeyCorp is a good investment. Please check the relationship between KeyCorp Capital Expenditures and its Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KeyCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For more information on how to buy KeyCorp Stock please use our How to Invest in KeyCorp guide.

Capital Expenditures vs Depreciation

Capital Expenditures vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of KeyCorp Capital Expenditures account and Depreciation. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between KeyCorp's Capital Expenditures and Depreciation is 0.52. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Depreciation in the same time period over historical financial statements of KeyCorp, assuming nothing else is changed. The correlation between historical values of KeyCorp's Capital Expenditures and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of KeyCorp are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Capital Expenditures i.e., KeyCorp's Capital Expenditures and Depreciation go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Capital Expenditures

Capital Expenditures are funds used by KeyCorp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of KeyCorp operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Depreciation

Depreciation indicates how much of KeyCorp value has been used up. For tax purposes KeyCorp can deduct the cost of the tangible assets it purchases as business expenses. However, KeyCorp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from KeyCorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into KeyCorp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KeyCorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For more information on how to buy KeyCorp Stock please use our How to Invest in KeyCorp guide.At this time, KeyCorp's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to rise to about 24.6 B in 2024, whereas Selling General Administrative is likely to drop slightly above 1.7 B in 2024.
 2021 2022 2023 2024 (projected)
Operating Income3.3B3.2B2.2B2.4B
Other Operating Expenses3.8B3.2B3.7B3.8B

KeyCorp fundamental ratios Correlations

0.70.50.32-0.150.840.810.530.49-0.790.420.070.620.23-0.120.490.670.620.090.490.00.090.930.86-0.43-0.09
0.70.83-0.080.210.890.270.840.85-0.220.85-0.160.220.530.21-0.061.00.10.560.9-0.460.580.870.93-0.77-0.07
0.50.83-0.10.40.580.171.00.82-0.120.73-0.280.340.070.34-0.140.85-0.150.880.74-0.440.620.70.75-0.59-0.36
0.32-0.08-0.1-0.350.150.44-0.1-0.2-0.53-0.270.470.76-0.39-0.30.66-0.110.78-0.34-0.030.83-0.460.190.14-0.14-0.32
-0.150.210.4-0.35-0.03-0.090.370.570.450.56-0.85-0.01-0.080.99-0.420.23-0.570.520.26-0.450.370.120.17-0.24-0.24
0.840.890.580.15-0.030.520.60.71-0.430.69-0.030.330.570.010.250.870.420.180.81-0.230.210.910.93-0.77-0.1
0.810.270.170.44-0.090.520.180.24-0.770.170.010.73-0.08-0.040.710.240.69-0.150.070.24-0.260.680.52-0.12-0.13
0.530.841.0-0.10.370.60.180.81-0.150.72-0.260.350.080.31-0.120.86-0.130.870.75-0.430.620.720.77-0.59-0.34
0.490.850.82-0.20.570.710.240.810.020.95-0.460.150.420.56-0.280.86-0.150.660.77-0.610.520.720.75-0.81-0.18
-0.79-0.22-0.12-0.530.45-0.43-0.77-0.150.020.15-0.33-0.670.150.42-0.62-0.2-0.730.190.01-0.350.15-0.6-0.470.00.02
0.420.850.73-0.270.560.690.170.720.950.15-0.420.040.570.56-0.280.85-0.130.570.77-0.60.590.660.71-0.760.01
0.07-0.16-0.280.47-0.85-0.030.01-0.26-0.46-0.33-0.420.110.02-0.860.31-0.170.57-0.34-0.230.53-0.26-0.14-0.180.110.21
0.620.220.340.76-0.010.330.730.350.15-0.670.040.11-0.510.00.710.20.660.090.170.58-0.160.540.47-0.15-0.43
0.230.530.07-0.39-0.080.57-0.080.080.420.150.570.02-0.51-0.04-0.30.520.01-0.090.45-0.540.30.310.36-0.490.48
-0.120.210.34-0.30.990.01-0.040.310.560.420.56-0.860.0-0.04-0.370.22-0.50.430.27-0.410.30.150.19-0.26-0.24
0.49-0.06-0.140.66-0.420.250.71-0.12-0.28-0.62-0.280.310.71-0.3-0.37-0.080.79-0.41-0.020.7-0.490.30.230.16-0.19
0.671.00.85-0.110.230.870.240.860.86-0.20.85-0.170.20.520.22-0.080.070.590.9-0.480.610.850.92-0.76-0.07
0.620.1-0.150.78-0.570.420.69-0.13-0.15-0.73-0.130.570.660.01-0.50.790.07-0.510.010.7-0.370.410.32-0.110.06
0.090.560.88-0.340.520.18-0.150.870.660.190.57-0.340.09-0.090.43-0.410.59-0.510.49-0.550.680.320.38-0.34-0.3
0.490.90.74-0.030.260.810.070.750.770.010.77-0.230.170.450.27-0.020.90.010.49-0.350.470.690.83-0.81-0.22
0.0-0.46-0.440.83-0.45-0.230.24-0.43-0.61-0.35-0.60.530.58-0.54-0.410.7-0.480.7-0.55-0.35-0.54-0.2-0.230.31-0.14
0.090.580.62-0.460.370.21-0.260.620.520.150.59-0.26-0.160.30.3-0.490.61-0.370.680.47-0.540.290.38-0.210.38
0.930.870.70.190.120.910.680.720.72-0.60.66-0.140.540.310.150.30.850.410.320.69-0.20.290.97-0.62-0.17
0.860.930.750.140.170.930.520.770.75-0.470.71-0.180.470.360.190.230.920.320.380.83-0.230.380.97-0.69-0.19
-0.43-0.77-0.59-0.14-0.24-0.77-0.12-0.59-0.810.0-0.760.11-0.15-0.49-0.260.16-0.76-0.11-0.34-0.810.31-0.21-0.62-0.690.31
-0.09-0.07-0.36-0.32-0.24-0.1-0.13-0.34-0.180.020.010.21-0.430.48-0.24-0.19-0.070.06-0.3-0.22-0.140.38-0.17-0.190.31
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KeyCorp Account Relationship Matchups

KeyCorp fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding1.0B974.8M957.4M933.1M932.8M612.9M
Total Assets145.0B170.3B186.3B189.8B188.3B103.4B
Short Long Term Debt Total13.2B14.5B12.6B30.1B22.6B14.7B
Other Current Liab(705M)(759M)(588M)(5.4B)(3.1B)(2.9B)
Total Current Liabilities705M759M588M5.4B35.6B37.4B
Total Stockholder Equity17.0B18.0B17.4B13.5B14.6B9.6B
Property Plant And Equipment Net814M753M681M636M661M808.3M
Net Debt12.4B13.4B11.7B29.2B21.7B12.6B
Retained Earnings12.5B12.8B14.6B15.6B15.7B16.5B
Cash732M1.1B913M887M941M1.4B
Non Current Assets Total38.6B56.3B68.8B55.9B62.4B65.5B
Non Currrent Assets Other(38.6B)(1.2B)(1.1B)(2.0B)(62.4B)(59.3B)
Other Assets72.4B58.0B48.0B116.3B114.1B98.1B
Cash And Short Term Investments23.8B44.8B57.3B4.6B11.8B7.7B
Liabilities And Stockholders Equity145.0B170.3B186.3B189.8B188.3B103.4B
Non Current Liabilities Total13.2B14.5B12.6B5.4B170.6B179.1B
Other Stockholder Equity1.4B1.3B299M376M437M415.2M
Total Liab128.0B152.4B168.9B176.4B173.6B93.6B
Total Current Assets34.0B56.0B69.6B17.7B11.8B11.2B
Short Term Debt705M759M588M5.4B3.1B2.3B
Other Current Assets3.1B18.4B12.8B4.6B12.9B12.3B
Property Plant And Equipment Gross814M753M2.3B2.3B2.2B1.1B
Accumulated Other Comprehensive Income26M738M(586M)(6.3B)(5.2B)(5.0B)
Other Liab704M197M160M1.2B1.1B1.0B
Accounts Payable2.5B2.4B152.6B5.0B4.5B4.3B
Long Term Debt12.4B13.7B12.6B19.3B19.5B13.0B
Short Term Investments23.1B43.8B56.4B41.5B10.8B18.3B
Inventory(3.1B)(18.4B)(12.8B)(4.6B)(15.2B)(14.5B)
Treasury Stock(4.9B)(4.9B)(6.0B)(5.9B)(5.3B)(5.1B)
Intangible Assets253M188M130M94M55M52.3M
Property Plant Equipment1.5B753M681M636M731.4M1.2B
Net Receivables10.2B11.2B12.3B13.2B3.5B3.3B
Preferred Stock Total Equity1.0B1.5B1.9B2.5B2.3B1.2B
Retained Earnings Total Equity12.5B12.8B14.6B15.6B18.0B9.7B

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