Willis Depreciation vs Other Non Cash Items Analysis

WTW Stock  USD 318.07  2.04  0.65%   
Willis Towers financial indicator trend analysis is more than just analyzing Willis Towers Watson current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Willis Towers Watson is a good investment. Please check the relationship between Willis Towers Depreciation and its Other Non Cash Items accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Willis Towers Watson. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Depreciation vs Other Non Cash Items

JavaScript chart by amCharts 3.21.15201420162018202020222024-100M0100M200M300M400M500M600M700M -2.5B-2B-1.5B-1B-500M0500M1B1.5B
JavaScript chart by amCharts 3.21.15Depreciationtotal: 5.9BOther Non Cash Itemstotal: 1.9B

Depreciation vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Willis Towers Watson Depreciation account and Other Non Cash Items. At this time, the significance of the direction appears to have almost no relationship.
DepreciationOther Non Cash ItemsDiversified AwayDepreciationOther Non Cash ItemsDiversified Away100%
The correlation between Willis Towers' Depreciation and Other Non Cash Items is 0.11. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Willis Towers Watson, assuming nothing else is changed. The correlation between historical values of Willis Towers' Depreciation and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Willis Towers Watson are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Depreciation i.e., Willis Towers' Depreciation and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.11
Relationship DirectionPositive 
Relationship StrengthInsignificant

Depreciation

Depreciation indicates how much of Willis Towers Watson value has been used up. For tax purposes Willis Towers can deduct the cost of the tangible assets it purchases as business expenses. However, Willis Towers Watson must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Other Non Cash Items

Most indicators from Willis Towers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Willis Towers Watson 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Willis Towers Watson. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, Willis Towers' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 304.9 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue9.0B8.9B9.5B5.2B
Depreciation And Amortization7.6B7.6B610M579.5M

Willis Towers fundamental ratios Correlations

-0.470.060.96-0.540.340.67-0.59-0.62-0.090.580.110.80.57-0.130.750.550.090.59-0.54-0.010.190.31-0.2-0.130.1
-0.470.35-0.630.990.58-0.730.970.94-0.30.140.81-0.870.150.24-0.26-0.480.83-0.770.970.80.760.650.570.10.81
0.060.35-0.010.310.04-0.660.290.34-0.420.250.4-0.190.25-0.28-0.480.060.33-0.170.340.230.40.430.340.130.41
0.96-0.63-0.01-0.70.160.75-0.72-0.75-0.060.4-0.110.870.39-0.230.690.66-0.120.7-0.66-0.230.020.15-0.26-0.13-0.13
-0.540.990.31-0.70.53-0.750.960.97-0.260.140.77-0.880.150.28-0.3-0.530.78-0.790.960.790.690.590.560.110.78
0.340.580.040.160.530.040.450.41-0.260.610.87-0.20.610.240.60.00.91-0.240.510.80.90.890.320.020.85
0.67-0.73-0.660.75-0.750.04-0.76-0.80.150.12-0.390.790.11-0.090.820.48-0.350.65-0.74-0.38-0.29-0.2-0.45-0.16-0.41
-0.590.970.29-0.720.960.45-0.760.91-0.23-0.080.7-0.89-0.070.27-0.36-0.580.73-0.830.940.710.650.50.590.080.71
-0.620.940.34-0.750.970.41-0.80.91-0.310.120.67-0.930.130.12-0.4-0.410.67-0.730.940.640.60.510.570.250.65
-0.09-0.3-0.42-0.06-0.26-0.260.15-0.23-0.31-0.2-0.330.19-0.190.71-0.07-0.22-0.360.1-0.35-0.24-0.45-0.49-0.250.06-0.32
0.580.140.250.40.140.610.12-0.080.12-0.20.540.21.00.050.480.320.50.220.070.440.510.670.080.030.52
0.110.810.4-0.110.770.87-0.390.70.67-0.330.54-0.440.540.260.19-0.270.99-0.530.720.920.950.890.520.010.99
0.8-0.87-0.190.87-0.88-0.20.79-0.89-0.930.190.2-0.440.19-0.120.520.47-0.460.77-0.9-0.43-0.4-0.27-0.49-0.29-0.42
0.570.150.250.390.150.610.11-0.070.13-0.191.00.540.190.070.480.310.50.210.080.450.510.670.090.030.52
-0.130.24-0.28-0.230.280.24-0.090.270.120.710.050.26-0.120.070.03-0.590.23-0.340.150.450.120.030.11-0.320.31
0.75-0.26-0.480.69-0.30.60.82-0.36-0.4-0.070.480.190.520.480.030.390.240.39-0.310.160.280.35-0.19-0.110.16
0.55-0.480.060.66-0.530.00.48-0.58-0.41-0.220.32-0.270.470.31-0.590.39-0.230.8-0.43-0.48-0.050.12-0.130.33-0.33
0.090.830.33-0.120.780.91-0.350.730.67-0.360.50.99-0.460.50.230.24-0.23-0.520.740.910.960.90.520.030.97
0.59-0.77-0.170.7-0.79-0.240.65-0.83-0.730.10.22-0.530.770.21-0.340.390.8-0.52-0.76-0.58-0.4-0.24-0.47-0.07-0.54
-0.540.970.34-0.660.960.51-0.740.940.94-0.350.070.72-0.90.080.15-0.31-0.430.74-0.760.70.70.590.510.150.71
-0.010.80.23-0.230.790.8-0.380.710.64-0.240.440.92-0.430.450.450.16-0.480.91-0.580.70.840.780.39-0.270.95
0.190.760.40.020.690.9-0.290.650.6-0.450.510.95-0.40.510.120.28-0.050.96-0.40.70.840.970.530.030.93
0.310.650.430.150.590.89-0.20.50.51-0.490.670.89-0.270.670.030.350.120.9-0.240.590.780.970.460.050.87
-0.20.570.34-0.260.560.32-0.450.590.57-0.250.080.52-0.490.090.11-0.19-0.130.52-0.470.510.390.530.460.090.5
-0.130.10.13-0.130.110.02-0.160.080.250.060.030.01-0.290.03-0.32-0.110.330.03-0.070.15-0.270.030.050.09-0.09
0.10.810.41-0.130.780.85-0.410.710.65-0.320.520.99-0.420.520.310.16-0.330.97-0.540.710.950.930.870.5-0.09
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Willis Towers Account Relationship Matchups

Willis Towers fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets480M38.5B35.0B31.8B29.1B16.1B
Short Long Term Debt Total13.6B6.7B5.5B5.5B5.9B4.6B
Other Current Liab(4.6B)17.2B13.4B14.0B11.3B8.2B
Total Current Liabilities526M19.3B14.7B14.8B12.6B10.0B
Total Stockholder Equity35.4B10.8B13.3B10.0B9.5B9.2B
Property Plant And Equipment Net2.0B1.9B1.6B1.3B1.3B737.3M
Current Deferred Revenue(480M)2.2B1.9B1.9B5M5.3M
Net Debt12.7B4.6B785M4.2B4.5B3.6B
Retained Earnings10.2B2.4B4.6B1.8B1.5B1.4B
Accounts Payable318M857M322M329M396M376.2M
Cash895M2.1B4.7B1.3B1.4B856.8M
Non Current Assets Total18.4B18.2B16.5B15.9B15.7B8.8B
Non Currrent Assets Other(19.1B)1.9B2.0B2.0B2.0B2.1B
Cash And Short Term Investments944M2.1B4.7B1.3B1.4B883.9M
Net Receivables3.1B2.4B2.4B2.4B2.6B3.3B
Short Term Investments49M15.2B11.0B43M4M3.8M
Liabilities And Stockholders Equity6.7B38.5B35.0B31.8B29.1B16.9B
Non Current Liabilities Total9.0B8.3B6.9B6.9B6.9B4.3B
Inventory(22.4B)15.2B11.0B(20.7B)(123M)(129.2M)
Other Current Assets35.4B15.9B11.4B12.2B9.3B11.4B
Other Stockholder Equity15.2B10.7B10.8B10.9B10.9B11.5B
Total Liab25.1B27.6B21.7B21.7B19.5B16.9B
Total Current Assets17.0B20.3B18.5B15.8B13.4B13.2B
Accumulated Other Comprehensive Income10.4B(2.4B)(2.2B)(2.6B)(2.9B)(2.7B)
Intangible Assets3.5B3.0B2.6B2.3B2.0B2.3B
Good Will11.2B11.2B10.2B10.2B10.2B7.2B
Short Term Debt5.3B1.1B767M380M775M1.5B
Other Assets(34.9B)(37.4B)(34.2B)(31.4B)(28.3B)(29.7B)
Other Liab2.7B2.7B2.2B1.8B1.6B2.0B
Net Tangible Assets(4.4B)(3.4B)522M(2.4B)(2.8B)(2.9B)
Property Plant Equipment2.0B1.9B1.6B718M825.7M1.5B
Long Term Debt5.3B4.7B4.0B4.5B4.6B3.6B
Capital Lease Obligations1.2B1.1B884M746M724M869.4M
Deferred Long Term Liab76M98M845M748M860.2M903.2M
Net Invested Capital15.9B16.5B17.8B14.7B13.3B12.5B
Long Term Investments23M24M55M90M88M52.6M
Short Long Term Debt316M971M613M250M650M547.4M
Non Current Liabilities Other89M109M253M221M65M61.8M
Net Working Capital967M969M3.8B1.1B803M1.6B

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