Air Capital Expenditures vs Free Cash Flow Analysis

0HBH Stock

330.59 4.12 1.23%

Air Products financial indicator trend analysis is way more than just evaluating Air Products Chemicals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air Products Chemicals is a good investment. Please check the relationship between Air Products Capital Expenditures and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Products Chemicals. 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.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Products Chemicals Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have pay attention.

The correlation between Air Products' Capital Expenditures and Free Cash Flow is -0.73. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Air Products Chemicals, assuming nothing else is changed. The correlation between historical values of Air Products' Capital Expenditures and Free Cash Flow 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 Air Products Chemicals are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Air Products' Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.73

Relationship Direction	Negative
Relationship Strength	Weak

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Capital Expenditures

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

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Air Products' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Air Products Chemicals 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 Air Products Chemicals. 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.

Selling General Administrative is likely to drop to about 726.4 M in 2024. Tax Provision is likely to drop to about 436.1 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	12.7B	12.6B	12.1B	7.6B
Depreciation And Amortization	1.3B	1.4B	1.5B	771.9M

Total Revenue Depreciation And Amortization

Air Products 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	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Current Deferred Revenue	Common Stock	Good Will
Total Assets		0.95	0.95	0.81	0.96	0.98	0.79	0.95	0.55	0.98	0.64	0.5	0.53	-0.56	0.98	0.37	0.15	-0.2	0.97	0.71	0.01	-0.03	0.66	0.58	0.69	-0.33
Short Long Term Debt Total	0.95		0.92	0.84	0.84	0.97	0.92	0.82	0.37	0.97	0.62	0.32	0.46	-0.59	0.99	0.47	0.16	-0.15	0.99	0.55	0.13	-0.01	0.7	0.49	0.59	-0.15
Other Current Liab	0.95	0.92		0.82	0.89	0.95	0.82	0.88	0.4	0.96	0.69	0.33	0.49	-0.62	0.94	0.43	0.22	-0.25	0.94	0.57	0.05	0.06	0.69	0.4	0.69	-0.21
Total Current Liabilities	0.81	0.84	0.82		0.67	0.79	0.85	0.72	0.12	0.84	0.73	0.07	0.68	-0.62	0.83	0.59	0.39	-0.52	0.88	0.39	0.56	0.27	0.72	0.38	0.76	0.01
Total Stockholder Equity	0.96	0.84	0.89	0.67		0.92	0.6	0.99	0.7	0.91	0.55	0.65	0.49	-0.46	0.88	0.22	0.03	-0.16	0.86	0.81	-0.16	-0.11	0.55	0.62	0.68	-0.49
Property Plant And Equipment Net	0.98	0.97	0.95	0.79	0.92		0.85	0.9	0.45	0.99	0.59	0.38	0.45	-0.57	0.97	0.38	0.1	-0.11	0.96	0.59	-0.01	-0.1	0.66	0.53	0.61	-0.31
Net Debt	0.79	0.92	0.82	0.85	0.6	0.85		0.6	-0.03	0.87	0.53	-0.08	0.43	-0.59	0.87	0.62	0.21	-0.17	0.89	0.19	0.33	0.09	0.74	0.28	0.47	0.1
Retained Earnings	0.95	0.82	0.88	0.72	0.99	0.9	0.6		0.67	0.9	0.6	0.62	0.58	-0.49	0.87	0.26	0.1	-0.29	0.87	0.81	-0.06	-0.02	0.56	0.6	0.77	-0.46
Cash	0.55	0.37	0.4	0.12	0.7	0.45	-0.03	0.67		0.4	0.31	0.99	0.15	-0.11	0.46	-0.27	-0.07	0.02	0.41	0.95	-0.44	-0.24	0.03	0.57	0.38	-0.61
Non Current Assets Total	0.98	0.97	0.96	0.84	0.91	0.99	0.87	0.9	0.4		0.62	0.34	0.51	-0.59	0.98	0.44	0.16	-0.18	0.98	0.58	0.06	-0.03	0.71	0.52	0.66	-0.26
Non Currrent Assets Other	0.64	0.62	0.69	0.73	0.55	0.59	0.53	0.6	0.31	0.62		0.26	0.41	-0.62	0.66	0.25	0.53	-0.5	0.7	0.49	0.33	0.27	0.37	0.31	0.73	-0.08
Cash And Short Term Investments	0.5	0.32	0.33	0.07	0.65	0.38	-0.08	0.62	0.99	0.34	0.26		0.17	-0.04	0.4	-0.27	-0.1	0.03	0.35	0.94	-0.42	-0.22	0.01	0.55	0.33	-0.57
Net Receivables	0.53	0.46	0.49	0.68	0.49	0.45	0.43	0.58	0.15	0.51	0.41	0.17		-0.16	0.49	0.72	0.14	-0.76	0.54	0.42	0.5	0.54	0.65	0.14	0.85	0.14
Common Stock Shares Outstanding	-0.56	-0.59	-0.62	-0.62	-0.46	-0.57	-0.59	-0.49	-0.11	-0.59	-0.62	-0.04	-0.16		-0.59	-0.25	-0.1	0.39	-0.61	-0.25	-0.19	-0.36	-0.18	-0.1	-0.45	-0.07
Non Current Liabilities Total	0.98	0.99	0.94	0.83	0.88	0.97	0.87	0.87	0.46	0.98	0.66	0.4	0.49	-0.59		0.43	0.21	-0.19	0.99	0.64	0.07	0.01	0.69	0.53	0.64	-0.19
Inventory	0.37	0.47	0.43	0.59	0.22	0.38	0.62	0.26	-0.27	0.44	0.25	-0.27	0.72	-0.25	0.43		-0.08	-0.57	0.47	-0.03	0.49	0.65	0.75	-0.26	0.55	0.62
Other Current Assets	0.15	0.16	0.22	0.39	0.03	0.1	0.21	0.1	-0.07	0.16	0.53	-0.1	0.14	-0.1	0.21	-0.08		-0.25	0.25	0.06	0.32	0.05	0.26	0.34	0.28	-0.01
Other Stockholder Equity	-0.2	-0.15	-0.25	-0.52	-0.16	-0.11	-0.17	-0.29	0.02	-0.18	-0.5	0.03	-0.76	0.39	-0.19	-0.57	-0.25		-0.26	-0.2	-0.6	-0.87	-0.32	0.19	-0.8	-0.4
Total Liab	0.97	0.99	0.94	0.88	0.86	0.96	0.89	0.87	0.41	0.98	0.7	0.35	0.54	-0.61	0.99	0.47	0.25	-0.26		0.61	0.16	0.06	0.71	0.51	0.68	-0.16
Total Current Assets	0.71	0.55	0.57	0.39	0.81	0.59	0.19	0.81	0.95	0.58	0.49	0.94	0.42	-0.25	0.64	-0.03	0.06	-0.2	0.61		-0.22	-0.04	0.25	0.61	0.59	-0.47
Short Term Debt	0.01	0.13	0.05	0.56	-0.16	-0.01	0.33	-0.06	-0.44	0.06	0.33	-0.42	0.5	-0.19	0.07	0.49	0.32	-0.6	0.16	-0.22		0.48	0.19	-0.18	0.35	0.4
Intangible Assets	-0.03	-0.01	0.06	0.27	-0.11	-0.1	0.09	-0.02	-0.24	-0.03	0.27	-0.22	0.54	-0.36	0.01	0.65	0.05	-0.87	0.06	-0.04	0.48		0.22	-0.53	0.51	0.75
Accounts Payable	0.66	0.7	0.69	0.72	0.55	0.66	0.74	0.56	0.03	0.71	0.37	0.01	0.65	-0.18	0.69	0.75	0.26	-0.32	0.71	0.25	0.19	0.22		0.3	0.58	0.21
Current Deferred Revenue	0.58	0.49	0.4	0.38	0.62	0.53	0.28	0.6	0.57	0.52	0.31	0.55	0.14	-0.1	0.53	-0.26	0.34	0.19	0.51	0.61	-0.18	-0.53	0.3		0.22	-0.68
Common Stock	0.69	0.59	0.69	0.76	0.68	0.61	0.47	0.77	0.38	0.66	0.73	0.33	0.85	-0.45	0.64	0.55	0.28	-0.8	0.68	0.59	0.35	0.51	0.58	0.22		-0.03
Good Will	-0.33	-0.15	-0.21	0.01	-0.49	-0.31	0.1	-0.46	-0.61	-0.26	-0.08	-0.57	0.14	-0.07	-0.19	0.62	-0.01	-0.4	-0.16	-0.47	0.4	0.75	0.21	-0.68	-0.03

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Air Products Account Relationship Matchups

Air Products fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	25.2B	26.9B	27.2B	32.0B	39.6B	41.6B
Short Long Term Debt Total	7.9B	7.6B	7.6B	11.0B	14.8B	15.5B
Other Current Liab	902.5M	1.0B	1.1B	1.2B	1.5B	1.5B
Total Current Liabilities	2.4B	2.8B	3.5B	3.9B	4.2B	4.4B
Total Stockholder Equity	12.1B	13.5B	13.1B	14.3B	17.0B	17.9B
Property Plant And Equipment Net	12.0B	13.3B	14.2B	18.4B	24.4B	25.6B
Net Debt	2.7B	3.2B	4.9B	9.4B	11.8B	12.4B
Retained Earnings	14.9B	15.7B	16.5B	17.3B	19.5B	20.5B
Cash	5.3B	4.5B	2.7B	1.6B	3.0B	3.1B
Non Current Assets Total	16.5B	18.5B	20.9B	26.8B	33.2B	34.9B
Non Currrent Assets Other	1.6B	2.1B	2.1B	842.4M	2.8B	2.9B
Cash And Short Term Investments	6.4B	5.8B	3.3B	1.9B	3.0B	3.1B
Net Receivables	1.8B	2.0B	1.9B	2.3B	2.2B	1.4B
Common Stock Shares Outstanding	221.6M	222.3M	222.5M	222.7M	222.8M	178.2M
Liabilities And Stockholders Equity	25.2B	26.9B	27.2B	32.0B	39.6B	41.6B
Non Current Liabilities Total	10.3B	10.0B	10.0B	12.4B	16.7B	17.6B
Inventory	404.8M	453.9M	514.2M	651.8M	766M	479.7M
Other Current Assets	164.5M	119.4M	431.6M	274.3M	444.1M	232.7M
Other Stockholder Equity	(905.2M)	(872.1M)	(839.6M)	(776.8M)	(730.9M)	(694.4M)
Total Liab	12.7B	12.8B	13.5B	16.3B	20.9B	21.9B
Total Current Assets	8.7B	8.4B	6.3B	5.2B	6.4B	6.7B
Accumulated Other Comprehensive Income	(2.1B)	(1.5B)	(2.8B)	(2.4B)	(2.0B)	(2.1B)
Short Term Debt	548.4M	565.5M	649M	969.2M	694.9M	568.4M
Intangible Assets	435.8M	420.7M	347.5M	334.6M	311.6M	381.1M
Accounts Payable	546.2M	736.8M	1.1B	1.2B	1.5B	824.5M
Current Deferred Revenue	313.8M	366.8M	439.1M	413M	371.7M	390.3M
Good Will	891.5M	911.5M	823M	861.7M	905.1M	801.5M
Short Term Investments	1.1B	1.3B	590.7M	332.2M	5M	4.8M
Other Assets	1.6B	1.4B	1.0	2.2B	2.0B	1.2B
Other Liab	2.5B	2.3B	2.3B	2.3B	2.1B	1.9B
Net Tangible Assets	10.8B	12.2B	12.0B	13.1B	15.1B	12.0B
Long Term Debt	3.4B	3.2B	7.4B	7.2B	8.2B	5.4B
Capital Surpluse	1.0B	1.1B	1.1B	1.1B	1.3B	1.2B
Treasury Stock	(2.1B)	(2.0B)	(2B)	(2.0B)	(2.3B)	(2.4B)
Property Plant Equipment	12.3B	13.8B	14.9B	18.4B	21.2B	13.9B

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Air Capital Expenditures vs Free Cash Flow Analysis

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Capital Expenditures

Free Cash Flow

Air Products fundamental ratios Correlations

Air Products Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Air Products fundamental ratios Accounts

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Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.99	Cash
Total Liab	+ 0.99	Non Current Liabilities Total

Intangible Assets	- 0.87	Other Stockholder Equity
Common Stock	- 0.8	Other Stockholder Equity
Other Stockholder Equity	- 0.76	Net Receivables
Good Will	- 0.68	Current Deferred Revenue
Common Stock Shares Outstanding	- 0.62	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.62	Total Current Liabilities