Otis Deferred Long Term Liab vs Short Term Investments Analysis

OTIS Stock

USD 100.05 1.37 1.39%

Otis Worldwide financial indicator trend analysis is much more than just breaking down Otis Worldwide Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Otis Worldwide Corp is a good investment. Please check the relationship between Otis Worldwide Deferred Long Term Liab and its Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Otis Worldwide 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 gross domestic product.

Deferred Long Term Liab vs Short Term Investments

Deferred Long Term Liab vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Otis Worldwide Corp Deferred Long Term Liab account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Otis Worldwide's Deferred Long Term Liab and Short Term Investments is 0.78. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Otis Worldwide Corp, assuming nothing else is changed. The correlation between historical values of Otis Worldwide's Deferred Long Term Liab 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 Deferred Long Term Liab of Otis Worldwide Corp are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Deferred Long Term Liab i.e., Otis Worldwide's Deferred Long Term Liab and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Short Term Investments

Short Term Investments is an item under the current assets section of Otis Worldwide balance sheet. It contains any investments Otis Worldwide Corp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Otis Worldwide Corp can easily liquidate in the marketplace.

Most indicators from Otis Worldwide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Otis Worldwide 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Otis Worldwide 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 gross domestic product.

At this time, Otis Worldwide's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 2 B in 2025, whereas Sales General And Administrative To Revenue is likely to drop 0.11 in 2025.

	2024	2025 (projected)
Depreciation And Amortization	181M	159.2M
Interest Income	140.3M	78.9M

Depreciation And Amortization Interest Income

Otis Worldwide fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Accounts Payable	Cash	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt
Total Assets		-0.73	0.81	-0.82	-0.51	-0.81	0.7	0.44	0.57	0.44	0.77	-0.58	-0.55	-0.74	0.82	-0.53	0.86	0.98	0.69	-0.8	-0.85	0.73	0.86	0.84	0.82	0.85
Other Current Liab	-0.73		-0.84	0.84	0.47	0.83	-0.76	-0.01	-0.58	-0.01	-0.95	0.73	0.62	0.98	-0.39	0.44	-0.79	-0.67	-0.7	0.91	0.85	-0.61	-0.8	-0.88	-0.8	-0.8
Total Current Liabilities	0.81	-0.84		-0.96	-0.74	-0.94	0.92	0.41	0.73	0.41	0.92	-0.69	-0.6	-0.83	0.4	-0.71	0.95	0.81	0.88	-0.94	-0.94	0.41	0.96	0.82	0.87	0.94
Total Stockholder Equity	-0.82	0.84	-0.96		0.74	1.0	-0.93	-0.22	-0.69	-0.22	-0.93	0.68	0.6	0.79	-0.46	0.7	-0.98	-0.81	-0.78	0.94	0.99	-0.4	-0.98	-0.84	-0.96	-0.99
Other Liab	-0.51	0.47	-0.74	0.74		0.7	-0.88	-0.29	-0.81	-0.29	-0.66	0.77	0.68	0.44	-0.19	0.97	-0.71	-0.58	-0.69	0.73	0.65	-0.1	-0.72	-0.42	-0.76	-0.72
Net Tangible Assets	-0.81	0.83	-0.94	1.0	0.7		-0.91	-0.18	-0.63	-0.18	-0.92	0.62	0.54	0.77	-0.48	0.65	-0.99	-0.8	-0.73	0.92	0.99	-0.39	-0.98	-0.84	-0.95	-0.99
Accounts Payable	0.7	-0.76	0.92	-0.93	-0.88	-0.91		0.22	0.83	0.22	0.92	-0.75	-0.63	-0.75	0.32	-0.84	0.91	0.73	0.73	-0.94	-0.88	0.3	0.92	0.7	0.89	0.92
Cash	0.44	-0.01	0.41	-0.22	-0.29	-0.18	0.22		0.46	1.0	0.11	-0.15	-0.28	-0.09	0.2	-0.42	0.28	0.46	0.58	-0.18	-0.21	0.1	0.29	0.16	0.14	0.23
Other Assets	0.57	-0.58	0.73	-0.69	-0.81	-0.63	0.83	0.46		0.46	0.7	-0.81	-0.83	-0.56	0.11	-0.9	0.64	0.58	0.74	-0.73	-0.62	0.2	0.65	0.49	0.71	0.63
Cash And Short Term Investments	0.44	-0.01	0.41	-0.22	-0.29	-0.18	0.22	1.0	0.46		0.11	-0.15	-0.28	-0.09	0.2	-0.42	0.28	0.46	0.58	-0.18	-0.21	0.1	0.29	0.16	0.14	0.23
Net Receivables	0.77	-0.95	0.92	-0.93	-0.66	-0.92	0.92	0.11	0.7	0.11		-0.73	-0.59	-0.94	0.41	-0.61	0.9	0.76	0.71	-0.99	-0.91	0.53	0.91	0.86	0.87	0.92
Good Will	-0.58	0.73	-0.69	0.68	0.77	0.62	-0.75	-0.15	-0.81	-0.15	-0.73		0.94	0.68	-0.22	0.8	-0.59	-0.56	-0.77	0.76	0.61	-0.42	-0.6	-0.58	-0.76	-0.6
Common Stock Shares Outstanding	-0.55	0.62	-0.6	0.6	0.68	0.54	-0.63	-0.28	-0.83	-0.28	-0.59	0.94		0.54	-0.17	0.78	-0.5	-0.51	-0.79	0.62	0.54	-0.3	-0.51	-0.48	-0.71	-0.5
Inventory	-0.74	0.98	-0.83	0.79	0.44	0.77	-0.75	-0.09	-0.56	-0.09	-0.94	0.68	0.54		-0.41	0.4	-0.76	-0.69	-0.66	0.92	0.8	-0.68	-0.78	-0.87	-0.72	-0.78
Other Current Assets	0.82	-0.39	0.4	-0.46	-0.19	-0.48	0.32	0.2	0.11	0.2	0.41	-0.22	-0.17	-0.41		-0.16	0.56	0.84	0.22	-0.43	-0.53	0.71	0.55	0.52	0.52	0.55
Other Stockholder Equity	-0.53	0.44	-0.71	0.7	0.97	0.65	-0.84	-0.42	-0.9	-0.42	-0.61	0.8	0.78	0.4	-0.16		-0.66	-0.58	-0.73	0.68	0.61	-0.08	-0.67	-0.39	-0.75	-0.66
Total Liab	0.86	-0.79	0.95	-0.98	-0.71	-0.99	0.91	0.28	0.64	0.28	0.9	-0.59	-0.5	-0.76	0.56	-0.66		0.87	0.73	-0.92	-0.98	0.45	1.0	0.83	0.93	1.0
Total Current Assets	0.98	-0.67	0.81	-0.81	-0.58	-0.8	0.73	0.46	0.58	0.46	0.76	-0.56	-0.51	-0.69	0.84	-0.58	0.87		0.66	-0.79	-0.84	0.66	0.87	0.75	0.81	0.85
Short Term Debt	0.69	-0.7	0.88	-0.78	-0.69	-0.73	0.73	0.58	0.74	0.58	0.71	-0.77	-0.79	-0.66	0.22	-0.73	0.73	0.66		-0.75	-0.74	0.31	0.74	0.67	0.73	0.71
Intangible Assets	-0.8	0.91	-0.94	0.94	0.73	0.92	-0.94	-0.18	-0.73	-0.18	-0.99	0.76	0.62	0.92	-0.43	0.68	-0.92	-0.79	-0.75		0.91	-0.56	-0.93	-0.87	-0.88	-0.93
Common Stock	-0.85	0.85	-0.94	0.99	0.65	0.99	-0.88	-0.21	-0.62	-0.21	-0.91	0.61	0.54	0.8	-0.53	0.61	-0.98	-0.84	-0.74	0.91		-0.45	-0.98	-0.86	-0.95	-0.98
Property Plant Equipment	0.73	-0.61	0.41	-0.4	-0.1	-0.39	0.3	0.1	0.2	0.1	0.53	-0.42	-0.3	-0.68	0.71	-0.08	0.45	0.66	0.31	-0.56	-0.45		0.46	0.77	0.41	0.45
Short Long Term Debt Total	0.86	-0.8	0.96	-0.98	-0.72	-0.98	0.92	0.29	0.65	0.29	0.91	-0.6	-0.51	-0.78	0.55	-0.67	1.0	0.87	0.74	-0.93	-0.98	0.46		0.84	0.93	1.0
Property Plant And Equipment Net	0.84	-0.88	0.82	-0.84	-0.42	-0.84	0.7	0.16	0.49	0.16	0.86	-0.58	-0.48	-0.87	0.52	-0.39	0.83	0.75	0.67	-0.87	-0.86	0.77	0.84		0.77	0.84
Current Deferred Revenue	0.82	-0.8	0.87	-0.96	-0.76	-0.95	0.89	0.14	0.71	0.14	0.87	-0.76	-0.71	-0.72	0.52	-0.75	0.93	0.81	0.73	-0.88	-0.95	0.41	0.93	0.77		0.93
Net Debt	0.85	-0.8	0.94	-0.99	-0.72	-0.99	0.92	0.23	0.63	0.23	0.92	-0.6	-0.5	-0.78	0.55	-0.66	1.0	0.85	0.71	-0.93	-0.98	0.45	1.0	0.84	0.93

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Otis Worldwide Account Relationship Matchups

Otis Worldwide fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	10.7B	12.3B	9.8B	10.1B	11.3B	11.3B
Other Current Liab	1.5B	1.6B	1.5B	1.5B	1.6B	1.3B
Total Current Liabilities	6.7B	6.2B	6.8B	6.5B	7.7B	6.8B
Total Stockholder Equity	(3.8B)	(3.6B)	(4.9B)	(4.9B)	(4.8B)	(4.6B)
Other Liab	1.6B	1.6B	1.4B	1.2B	1.1B	1.2B
Net Tangible Assets	(437M)	(6.0B)	(5.7B)	(6.7B)	(6.0B)	(5.7B)
Accounts Payable	1.5B	1.6B	1.7B	1.9B	1.9B	1.7B
Cash	1.8B	1.6B	1.2B	1.3B	2.3B	1.7B
Other Assets	1.2B	632M	572M	6.2B	7.1B	7.5B
Cash And Short Term Investments	1.8B	1.6B	1.2B	1.3B	2.3B	1.7B
Net Receivables	3.6B	3.8B	4.0B	4.3B	4.1B	4.0B
Good Will	1.8B	1.7B	1.6B	1.6B	1.5B	1.3B
Common Stock Shares Outstanding	434.6M	431.4M	423M	414.6M	404.4M	341.1M
Inventory	659M	622M	617M	612M	557M	537.7M
Other Current Assets	446M	2.3B	316M	259M	679M	650.9M
Other Stockholder Equity	30M	(725M)	(1.6B)	(2.4B)	(3.4B)	(3.2B)
Total Liab	13.9B	15.3B	14.5B	14.8B	16.0B	13.2B
Total Current Assets	6.5B	8.3B	6.1B	6.4B	7.7B	7.1B
Short Term Debt	868M	205M	797M	149M	1.5B	1.5B
Intangible Assets	484M	419M	369M	335M	311M	363.6M
Common Stock	59M	119M	162M	213M	265M	251.8M
Property Plant Equipment	1.3B	774M	1.3B	719M	826.9M	981.4M
Short Long Term Debt Total	6.3B	7.6B	7.1B	7.3B	8.7B	5.9B
Property Plant And Equipment Net	1.3B	1.3B	1.2B	1.1B	1.1B	1.3B
Current Deferred Revenue	2.5B	2.7B	2.7B	2.7B	2.6B	2.8B
Net Debt	4.5B	6.0B	5.9B	6.0B	6.4B	4.2B
Non Current Assets Total	4.2B	4.0B	3.7B	3.7B	3.6B	3.1B
Non Currrent Assets Other	644M	632M	572M	645M	664M	688.4M
Common Stock Total Equity	2.5B	59M	119M	162M	145.8M	138.5M
Liabilities And Stockholders Equity	10.7B	12.3B	9.8B	10.1B	11.3B	11.5B
Non Current Liabilities Total	7.2B	9.0B	7.6B	8.4B	8.3B	6.9B
Capital Lease Obligations	367M	336M	315M	409M	418M	372.6M
Net Invested Capital	2.1B	3.6B	1.9B	2.0B	3.5B	2.6B
Property Plant And Equipment Gross	1.3B	1.3B	1.2B	2.4B	2.3B	1.6B
Short Long Term Debt	701M	24M	670M	32M	1.4B	1.4B
Accumulated Other Comprehensive Income	(815M)	(763M)	(592M)	(750M)	(745M)	(782.3M)
Capital Stock	59M	119M	162M	213M	265M	251.8M
Non Current Liabilities Other	1.7B	606M	1.3B	398M	291M	276.5M
Net Working Capital	(180M)	2.0B	(700M)	(79M)	(71.1M)	(67.5M)

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