Air Non Current Liabilities Total vs Total Stockholder Equity Analysis

0HBH Stock   332.29  0.95  0.29%   
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 Non Current Liabilities Total and its Total Stockholder Equity 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.

Non Current Liabilities Total vs Total Stockholder Equity

Non Current Liabilities Total vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Products Chemicals Non Current Liabilities Total account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Air Products' Non Current Liabilities Total and Total Stockholder Equity is 0.88. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Stockholder Equity 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' Non Current Liabilities Total and Total Stockholder Equity 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 Current Liabilities Total of Air Products Chemicals are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Non Current Liabilities Total i.e., Air Products' Non Current Liabilities Total and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Non Current Liabilities Total

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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 Revenue12.7B12.6B12.1B7.6B
Depreciation And Amortization1.3B1.4B1.5B771.9M

Air Products fundamental ratios Correlations

0.950.950.810.960.980.790.950.550.980.640.50.53-0.560.980.370.15-0.20.970.710.01-0.030.660.580.69-0.33
0.950.920.840.840.970.920.820.370.970.620.320.46-0.590.990.470.16-0.150.990.550.13-0.010.70.490.59-0.15
0.950.920.820.890.950.820.880.40.960.690.330.49-0.620.940.430.22-0.250.940.570.050.060.690.40.69-0.21
0.810.840.820.670.790.850.720.120.840.730.070.68-0.620.830.590.39-0.520.880.390.560.270.720.380.760.01
0.960.840.890.670.920.60.990.70.910.550.650.49-0.460.880.220.03-0.160.860.81-0.16-0.110.550.620.68-0.49
0.980.970.950.790.920.850.90.450.990.590.380.45-0.570.970.380.1-0.110.960.59-0.01-0.10.660.530.61-0.31
0.790.920.820.850.60.850.6-0.030.870.53-0.080.43-0.590.870.620.21-0.170.890.190.330.090.740.280.470.1
0.950.820.880.720.990.90.60.670.90.60.620.58-0.490.870.260.1-0.290.870.81-0.06-0.020.560.60.77-0.46
0.550.370.40.120.70.45-0.030.670.40.310.990.15-0.110.46-0.27-0.070.020.410.95-0.44-0.240.030.570.38-0.61
0.980.970.960.840.910.990.870.90.40.620.340.51-0.590.980.440.16-0.180.980.580.06-0.030.710.520.66-0.26
0.640.620.690.730.550.590.530.60.310.620.260.41-0.620.660.250.53-0.50.70.490.330.270.370.310.73-0.08
0.50.320.330.070.650.38-0.080.620.990.340.260.17-0.040.4-0.27-0.10.030.350.94-0.42-0.220.010.550.33-0.57
0.530.460.490.680.490.450.430.580.150.510.410.17-0.160.490.720.14-0.760.540.420.50.540.650.140.850.14
-0.56-0.59-0.62-0.62-0.46-0.57-0.59-0.49-0.11-0.59-0.62-0.04-0.16-0.59-0.25-0.10.39-0.61-0.25-0.19-0.36-0.18-0.1-0.45-0.07
0.980.990.940.830.880.970.870.870.460.980.660.40.49-0.590.430.21-0.190.990.640.070.010.690.530.64-0.19
0.370.470.430.590.220.380.620.26-0.270.440.25-0.270.72-0.250.43-0.08-0.570.47-0.030.490.650.75-0.260.550.62
0.150.160.220.390.030.10.210.1-0.070.160.53-0.10.14-0.10.21-0.08-0.250.250.060.320.050.260.340.28-0.01
-0.2-0.15-0.25-0.52-0.16-0.11-0.17-0.290.02-0.18-0.50.03-0.760.39-0.19-0.57-0.25-0.26-0.2-0.6-0.87-0.320.19-0.8-0.4
0.970.990.940.880.860.960.890.870.410.980.70.350.54-0.610.990.470.25-0.260.610.160.060.710.510.68-0.16
0.710.550.570.390.810.590.190.810.950.580.490.940.42-0.250.64-0.030.06-0.20.61-0.22-0.040.250.610.59-0.47
0.010.130.050.56-0.16-0.010.33-0.06-0.440.060.33-0.420.5-0.190.070.490.32-0.60.16-0.220.480.19-0.180.350.4
-0.03-0.010.060.27-0.11-0.10.09-0.02-0.24-0.030.27-0.220.54-0.360.010.650.05-0.870.06-0.040.480.22-0.530.510.75
0.660.70.690.720.550.660.740.560.030.710.370.010.65-0.180.690.750.26-0.320.710.250.190.220.30.580.21
0.580.490.40.380.620.530.280.60.570.520.310.550.14-0.10.53-0.260.340.190.510.61-0.18-0.530.30.22-0.68
0.690.590.690.760.680.610.470.770.380.660.730.330.85-0.450.640.550.28-0.80.680.590.350.510.580.22-0.03
-0.33-0.15-0.210.01-0.49-0.310.1-0.46-0.61-0.26-0.08-0.570.14-0.07-0.190.62-0.01-0.4-0.16-0.470.40.750.21-0.68-0.03
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Air Products Account Relationship Matchups

Air Products fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets25.2B26.9B27.2B32.0B39.6B41.6B
Short Long Term Debt Total7.9B7.6B7.6B11.0B14.8B15.5B
Other Current Liab902.5M1.0B1.1B1.2B1.5B1.5B
Total Current Liabilities2.4B2.8B3.5B3.9B4.2B4.4B
Total Stockholder Equity12.1B13.5B13.1B14.3B17.0B17.9B
Property Plant And Equipment Net12.0B13.3B14.2B18.4B24.4B25.6B
Net Debt2.7B3.2B4.9B9.4B11.8B12.4B
Retained Earnings14.9B15.7B16.5B17.3B19.5B20.5B
Cash5.3B4.5B2.7B1.6B3.0B3.1B
Non Current Assets Total16.5B18.5B20.9B26.8B33.2B34.9B
Non Currrent Assets Other1.6B2.1B2.1B842.4M2.8B2.9B
Cash And Short Term Investments6.4B5.8B3.3B1.9B3.0B3.1B
Net Receivables1.8B2.0B1.9B2.3B2.2B1.4B
Common Stock Shares Outstanding221.6M222.3M222.5M222.7M222.8M178.2M
Liabilities And Stockholders Equity25.2B26.9B27.2B32.0B39.6B41.6B
Non Current Liabilities Total10.3B10.0B10.0B12.4B16.7B17.6B
Inventory404.8M453.9M514.2M651.8M766M479.7M
Other Current Assets164.5M119.4M431.6M274.3M444.1M232.7M
Other Stockholder Equity(905.2M)(872.1M)(839.6M)(776.8M)(730.9M)(694.4M)
Total Liab12.7B12.8B13.5B16.3B20.9B21.9B
Total Current Assets8.7B8.4B6.3B5.2B6.4B6.7B
Accumulated Other Comprehensive Income(2.1B)(1.5B)(2.8B)(2.4B)(2.0B)(2.1B)
Short Term Debt548.4M565.5M649M969.2M694.9M568.4M
Intangible Assets435.8M420.7M347.5M334.6M311.6M381.1M
Accounts Payable546.2M736.8M1.1B1.2B1.5B824.5M
Current Deferred Revenue313.8M366.8M439.1M413M371.7M390.3M
Good Will891.5M911.5M823M861.7M905.1M801.5M
Short Term Investments1.1B1.3B590.7M332.2M5M4.8M
Other Assets1.6B1.4B1.02.2B2.0B1.2B
Other Liab2.5B2.3B2.3B2.3B2.1B1.9B
Net Tangible Assets10.8B12.2B12.0B13.1B15.1B12.0B
Long Term Debt3.4B3.2B7.4B7.2B8.2B5.4B
Capital Surpluse1.0B1.1B1.1B1.1B1.3B1.2B
Treasury Stock(2.1B)(2.0B)(2B)(2.0B)(2.3B)(2.4B)
Property Plant Equipment12.3B13.8B14.9B18.4B21.2B13.9B

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