KeyCorp Accounts Payable vs Other Current Assets Analysis

KEY Stock  USD 19.52  0.14  0.71%   
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 Accounts Payable and its Other Current Assets 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.

Accounts Payable vs Other Current Assets

Accounts Payable vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of KeyCorp Accounts Payable account and Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between KeyCorp's Accounts Payable and Other Current Assets is -0.14. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of KeyCorp, assuming nothing else is changed. The correlation between historical values of KeyCorp's Accounts Payable and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of KeyCorp are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Accounts Payable i.e., KeyCorp's Accounts Payable and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.14
Relationship DirectionNegative 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents KeyCorp 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 KeyCorp 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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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

0.70.50.320.070.840.810.530.49-0.790.02-0.20.580.23-0.120.490.670.60.090.490.00.090.930.86-0.43-0.09
0.70.83-0.080.510.890.270.840.85-0.220.430.160.060.530.21-0.061.00.070.560.9-0.460.580.870.93-0.77-0.07
0.50.83-0.10.860.580.171.00.82-0.120.510.320.080.070.34-0.140.85-0.180.880.74-0.440.620.70.75-0.59-0.36
0.32-0.08-0.1-0.380.150.44-0.1-0.2-0.53-0.34-0.210.8-0.39-0.30.66-0.110.77-0.34-0.030.83-0.460.190.14-0.14-0.32
0.070.510.86-0.380.13-0.120.840.660.230.590.48-0.22-0.120.48-0.410.54-0.560.990.44-0.560.670.30.34-0.29-0.29
0.840.890.580.150.130.520.60.71-0.430.21-0.070.280.570.010.250.870.40.180.81-0.230.210.910.93-0.77-0.1
0.810.270.170.44-0.120.520.180.24-0.770.0-0.110.65-0.08-0.040.710.240.65-0.150.070.24-0.260.680.52-0.12-0.13
0.530.841.0-0.10.840.60.180.81-0.150.480.280.10.080.31-0.120.86-0.150.870.75-0.430.620.720.77-0.59-0.34
0.490.850.82-0.20.660.710.240.810.020.740.5-0.170.420.56-0.280.86-0.190.660.77-0.610.520.720.75-0.81-0.18
-0.79-0.22-0.12-0.530.23-0.43-0.77-0.150.020.390.45-0.780.150.42-0.62-0.2-0.730.190.01-0.350.15-0.6-0.470.00.02
0.020.430.51-0.340.590.210.00.480.740.390.92-0.540.150.96-0.40.45-0.540.540.45-0.530.450.310.36-0.44-0.17
-0.20.160.32-0.210.48-0.07-0.110.280.50.450.92-0.52-0.090.96-0.40.18-0.540.440.21-0.310.320.070.11-0.25-0.21
0.580.060.080.8-0.220.280.650.1-0.17-0.78-0.54-0.52-0.38-0.560.810.040.86-0.18-0.010.7-0.330.370.280.0-0.22
0.230.530.07-0.39-0.120.57-0.080.080.420.150.15-0.09-0.38-0.04-0.30.520.01-0.090.45-0.540.30.310.36-0.490.48
-0.120.210.34-0.30.480.01-0.040.310.560.420.960.96-0.56-0.04-0.370.22-0.580.430.27-0.410.30.150.19-0.26-0.24
0.49-0.06-0.140.66-0.410.250.71-0.12-0.28-0.62-0.4-0.40.81-0.3-0.37-0.080.78-0.41-0.020.7-0.490.30.230.16-0.19
0.671.00.85-0.110.540.870.240.860.86-0.20.450.180.040.520.22-0.080.040.590.9-0.480.610.850.92-0.76-0.07
0.60.07-0.180.77-0.560.40.65-0.15-0.19-0.73-0.54-0.540.860.01-0.580.780.04-0.53-0.010.7-0.380.370.28-0.080.08
0.090.560.88-0.340.990.18-0.150.870.660.190.540.44-0.18-0.090.43-0.410.59-0.530.49-0.550.680.320.38-0.34-0.3
0.490.90.74-0.030.440.810.070.750.770.010.450.21-0.010.450.27-0.020.9-0.010.49-0.350.470.690.83-0.81-0.22
0.0-0.46-0.440.83-0.56-0.230.24-0.43-0.61-0.35-0.53-0.310.7-0.54-0.410.7-0.480.7-0.55-0.35-0.54-0.2-0.230.31-0.14
0.090.580.62-0.460.670.21-0.260.620.520.150.450.32-0.330.30.3-0.490.61-0.380.680.47-0.540.290.38-0.210.38
0.930.870.70.190.30.910.680.720.72-0.60.310.070.370.310.150.30.850.370.320.69-0.20.290.97-0.62-0.17
0.860.930.750.140.340.930.520.770.75-0.470.360.110.280.360.190.230.920.280.380.83-0.230.380.97-0.69-0.19
-0.43-0.77-0.59-0.14-0.29-0.77-0.12-0.59-0.810.0-0.44-0.250.0-0.49-0.260.16-0.76-0.08-0.34-0.810.31-0.21-0.62-0.690.31
-0.09-0.07-0.36-0.32-0.29-0.1-0.13-0.34-0.180.02-0.17-0.21-0.220.48-0.24-0.19-0.070.08-0.3-0.22-0.140.38-0.17-0.190.31
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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 Liabilities705M759M588M5.4B3.1B2.9B
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 Total38.6B56.3B68.8B55.9B175.7B184.5B
Non Currrent Assets Other(38.6B)(1.2B)(1.1B)(2.0B)113.3B119.0B
Other Assets72.4B58.0B48.0B116.3B11.6B11.0B
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 Assets34.0B56.0B69.6B17.7B941M894.0M
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 Investments23.1B43.8B56.4B41.5B19.4B18.7B
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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