Otis Treasury Stock vs Long Term Debt Analysis

OTIS Stock

USD 102.52 0.55 0.54%

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 Treasury Stock and its Long Term Debt 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.

Treasury Stock vs Long Term Debt

Treasury Stock vs Long Term Debt Correlation Analysis

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

The correlation between Otis Worldwide's Treasury Stock and Long Term Debt is -0.66. Overlapping area represents the amount of variation of Treasury Stock that can explain the historical movement of Long Term Debt 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 Treasury Stock and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Treasury Stock of Otis Worldwide Corp are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Treasury Stock i.e., Otis Worldwide's Treasury Stock and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.66

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Treasury Stock

Long Term Debt

Long-term debt is a debt that Otis Worldwide Corp has held for over one year. Long-term debt appears on Otis Worldwide Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Otis Worldwide Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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.

Selling General Administrative is likely to gain to about 2 B in 2024, whereas Tax Provision is likely to drop slightly above 511.7 M in 2024.

	2020	2023	2024 (projected)
Depreciation And Amortization	191M	193M	161.3M
Interest Income	122M	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		-0.72	0.77	-0.79	-0.35	-0.8	0.61	-0.15	0.52	-0.15	0.73	-0.5	-0.48	-0.7	0.78	-0.33	0.83	0.98	0.43	-0.75	-0.84	0.78	0.83	0.84	0.81	0.81
Other Current Liab	-0.72		-0.9	0.85	0.46	0.83	-0.79	0.59	-0.53	0.59	-0.96	0.73	0.6	0.98	-0.29	0.35	-0.79	-0.67	-0.6	0.94	0.85	-0.64	-0.8	-0.88	-0.79	-0.8
Total Current Liabilities	0.77	-0.9		-0.98	-0.59	-0.98	0.88	-0.45	0.61	-0.45	0.94	-0.63	-0.54	-0.84	0.33	-0.52	0.95	0.73	0.78	-0.94	-0.98	0.49	0.96	0.88	0.92	0.95
Total Stockholder Equity	-0.79	0.85	-0.98		0.7	1.0	-0.93	0.46	-0.54	0.46	-0.92	0.65	0.57	0.77	-0.37	0.65	-0.98	-0.77	-0.68	0.93	0.99	-0.46	-0.98	-0.84	-0.97	-0.98
Other Liab	-0.35	0.46	-0.59	0.7		0.65	-0.87	0.72	0.07	0.72	-0.62	0.74	0.64	0.36	-0.02	0.98	-0.63	-0.39	-0.15	0.67	0.61	-0.13	-0.64	-0.39	-0.78	-0.66
Net Tangible Assets	-0.8	0.83	-0.98	1.0	0.65		-0.89	0.39	-0.57	0.39	-0.9	0.59	0.51	0.75	-0.41	0.6	-0.99	-0.78	-0.73	0.91	1.0	-0.45	-0.99	-0.84	-0.95	-0.99
Accounts Payable	0.61	-0.79	0.88	-0.93	-0.87	-0.89		-0.66	0.27	-0.66	0.91	-0.71	-0.57	-0.72	0.23	-0.79	0.89	0.63	0.48	-0.92	-0.88	0.38	0.89	0.71	0.92	0.9
Cash	-0.15	0.59	-0.45	0.46	0.72	0.39	-0.66		0.25	1.0	-0.61	0.84	0.67	0.54	0.16	0.64	-0.32	-0.16	-0.04	0.61	0.37	-0.2	-0.34	-0.28	-0.53	-0.37
Other Assets	0.52	-0.53	0.61	-0.54	0.07	-0.57	0.27	0.25		0.25	0.45	-0.1	-0.24	-0.48	0.1	0.05	0.53	0.4	0.69	-0.42	-0.6	0.24	0.52	0.63	0.41	0.49
Cash And Short Term Investments	-0.15	0.59	-0.45	0.46	0.72	0.39	-0.66	1.0	0.25		-0.61	0.84	0.67	0.54	0.16	0.64	-0.32	-0.16	-0.04	0.61	0.37	-0.2	-0.34	-0.28	-0.53	-0.37
Net Receivables	0.73	-0.96	0.94	-0.92	-0.62	-0.9	0.91	-0.61	0.45	-0.61		-0.69	-0.54	-0.94	0.33	-0.5	0.88	0.7	0.59	-0.99	-0.9	0.6	0.9	0.87	0.87	0.9
Good Will	-0.5	0.73	-0.63	0.65	0.74	0.59	-0.71	0.84	-0.1	0.84	-0.69		0.94	0.65	-0.03	0.71	-0.51	-0.47	-0.15	0.73	0.59	-0.45	-0.53	-0.57	-0.74	-0.53
Common Stock Shares Outstanding	-0.48	0.6	-0.54	0.57	0.64	0.51	-0.57	0.67	-0.24	0.67	-0.54	0.94		0.5	0.05	0.68	-0.42	-0.42	-0.07	0.57	0.52	-0.31	-0.43	-0.47	-0.69	-0.43
Inventory	-0.7	0.98	-0.84	0.77	0.36	0.75	-0.72	0.54	-0.48	0.54	-0.94	0.65	0.5		-0.33	0.23	-0.73	-0.65	-0.55	0.92	0.78	-0.72	-0.75	-0.87	-0.7	-0.74
Other Current Assets	0.78	-0.29	0.33	-0.37	-0.02	-0.41	0.23	0.16	0.1	0.16	0.33	-0.03	0.05	-0.33		0.01	0.52	0.84	0.14	-0.35	-0.45	0.65	0.51	0.45	0.41	0.5
Other Stockholder Equity	-0.33	0.35	-0.52	0.65	0.98	0.6	-0.79	0.64	0.05	0.64	-0.5	0.71	0.68	0.23	0.01		-0.57	-0.36	-0.08	0.56	0.56	-0.05	-0.57	-0.31	-0.75	-0.59
Total Liab	0.83	-0.79	0.95	-0.98	-0.63	-0.99	0.89	-0.32	0.53	-0.32	0.88	-0.51	-0.42	-0.73	0.52	-0.57		0.83	0.69	-0.9	-0.98	0.51	1.0	0.84	0.93	1.0
Total Current Assets	0.98	-0.67	0.73	-0.77	-0.39	-0.78	0.63	-0.16	0.4	-0.16	0.7	-0.47	-0.42	-0.65	0.84	-0.36	0.83		0.37	-0.72	-0.82	0.73	0.83	0.76	0.81	0.82
Short Term Debt	0.43	-0.6	0.78	-0.68	-0.15	-0.73	0.48	-0.04	0.69	-0.04	0.59	-0.15	-0.07	-0.55	0.14	-0.08	0.69	0.37		-0.58	-0.71	0.19	0.69	0.68	0.52	0.69
Intangible Assets	-0.75	0.94	-0.94	0.93	0.67	0.91	-0.92	0.61	-0.42	0.61	-0.99	0.73	0.57	0.92	-0.35	0.56	-0.9	-0.72	-0.58		0.91	-0.64	-0.91	-0.89	-0.89	-0.91
Common Stock	-0.84	0.85	-0.98	0.99	0.61	1.0	-0.88	0.37	-0.6	0.37	-0.9	0.59	0.52	0.78	-0.45	0.56	-0.98	-0.82	-0.71	0.91		-0.49	-0.99	-0.86	-0.95	-0.98
Property Plant Equipment	0.78	-0.64	0.49	-0.46	-0.13	-0.45	0.38	-0.2	0.24	-0.2	0.6	-0.45	-0.31	-0.72	0.65	-0.05	0.51	0.73	0.19	-0.64	-0.49		0.52	0.8	0.45	0.5
Short Long Term Debt Total	0.83	-0.8	0.96	-0.98	-0.64	-0.99	0.89	-0.34	0.52	-0.34	0.9	-0.53	-0.43	-0.75	0.51	-0.57	1.0	0.83	0.69	-0.91	-0.99	0.52		0.85	0.94	1.0
Property Plant And Equipment Net	0.84	-0.88	0.88	-0.84	-0.39	-0.84	0.71	-0.28	0.63	-0.28	0.87	-0.57	-0.47	-0.87	0.45	-0.31	0.84	0.76	0.68	-0.89	-0.86	0.8	0.85		0.76	0.84
Current Deferred Revenue	0.81	-0.79	0.92	-0.97	-0.78	-0.95	0.92	-0.53	0.41	-0.53	0.87	-0.74	-0.69	-0.7	0.41	-0.75	0.93	0.81	0.52	-0.89	-0.95	0.45	0.94	0.76		0.94
Net Debt	0.81	-0.8	0.95	-0.98	-0.66	-0.99	0.9	-0.37	0.49	-0.37	0.9	-0.53	-0.43	-0.74	0.5	-0.59	1.0	0.82	0.69	-0.91	-0.98	0.5	1.0	0.84	0.94

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Otis Worldwide Account Relationship Matchups

Otis Worldwide fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.7B	10.7B	12.3B	9.8B	10.1B	11.1B
Total Current Liabilities	5.4B	6.7B	6.2B	6.8B	6.5B	6.6B
Total Stockholder Equity	1.7B	(3.8B)	(3.6B)	(4.9B)	(4.9B)	(4.7B)
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	1.3B	1.5B	1.6B	1.7B	1.9B	1.7B
Cash	1.4B	1.8B	1.6B	1.2B	1.3B	1.2B
Other Assets	636M	1.2B	632M	572M	657.8M	764.3M
Cash And Short Term Investments	1.4B	1.8B	1.6B	1.2B	1.3B	1.2B
Net Receivables	3.4B	3.6B	3.8B	4.0B	4.3B	3.9B
Good Will	1.6B	1.8B	1.7B	1.6B	1.6B	1.3B
Common Stock Shares Outstanding	433.1M	434.6M	431.4M	423M	414.6M	343.6M
Inventory	571M	659M	622M	617M	612M	550.9M
Other Current Assets	251M	446M	2.3B	316M	259M	246.1M
Other Stockholder Equity	324M	30M	(725M)	(1.6B)	(2.4B)	(2.3B)
Total Liab	7.4B	13.9B	15.3B	14.5B	14.8B	12.6B
Total Current Assets	5.7B	6.5B	8.3B	6.1B	6.4B	6.9B
Short Term Debt	174M	868M	205M	797M	149M	141.6M
Intangible Assets	490M	484M	419M	369M	335M	380M
Common Stock	2.5B	59M	119M	162M	213M	202.4M
Property Plant Equipment	1.3B	774M	1.3B	719M	826.9M	981.4M
Short Long Term Debt Total	560M	6.3B	7.6B	7.1B	7.3B	5.3B
Property Plant And Equipment Net	1.3B	1.3B	1.3B	1.2B	1.1B	1.3B
Current Deferred Revenue	2.3B	2.5B	2.7B	2.7B	2.7B	2.8B
Net Debt	(886M)	4.5B	6.0B	5.9B	6.0B	3.7B
Non Current Assets Total	4.0B	4.2B	4.0B	3.7B	3.7B	3.1B
Non Currrent Assets Other	636M	644M	632M	572M	645M	681.5M
Common Stock Total Equity	2.5B	59M	119M	162M	145.8M	138.5M
Liabilities And Stockholders Equity	9.7B	10.7B	12.3B	9.8B	10.1B	11.3B
Non Current Liabilities Total	2.0B	7.2B	9.0B	7.6B	8.4B	6.6B
Capital Lease Obligations	526M	367M	336M	315M	409M	358.1M
Net Invested Capital	1.7B	2.1B	3.6B	1.9B	2.0B	2.4B
Property Plant And Equipment Gross	1.3B	1.3B	1.3B	1.2B	2.4B	1.5B
Short Long Term Debt	34M	701M	24M	670M	32M	30.4M
Accumulated Other Comprehensive Income	(758M)	(815M)	(763M)	(592M)	(750M)	(787.5M)
Capital Stock	2.5B	59M	119M	162M	213M	202.4M
Non Current Liabilities Other	219M	1.7B	606M	1.3B	398M	378.1M
Net Working Capital	284M	(180M)	2.0B	(700M)	(79M)	(75.1M)

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