Applied Intangible Assets vs Long Term Debt Analysis

AIT Stock

USD 180.89 1.95 1.09%

Applied Industrial financial indicator trend analysis is way more than just evaluating Applied Industrial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Applied Industrial is a good investment. Please check the relationship between Applied Industrial Intangible Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Applied Industrial Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

Intangible Assets vs Long Term Debt

Intangible Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Applied Industrial Intangible Assets account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Applied Industrial's Intangible Assets and Long Term Debt is 0.9. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Applied Industrial Technologies, assuming nothing else is changed. The correlation between historical values of Applied Industrial's Intangible Assets 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 Intangible Assets of Applied Industrial Technologies 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 Intangible Assets i.e., Applied Industrial's Intangible Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Long Term Debt

Long-term debt is a debt that Applied Industrial has held for over one year. Long-term debt appears on Applied Industrial Technologies 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 Applied Industrial Technologies 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 Applied Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Applied Industrial 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 Applied Industrial Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Applied Industrial's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.24 in 2024, whereas Enterprise Value Multiple is likely to drop 6.82 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	1.3B	1.5B	1.6B
Total Revenue	3.8B	4.4B	5.1B	5.3B

Gross Profit Total Revenue

Applied Industrial 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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.83	0.42	0.99	0.91	0.92	0.52	0.96	0.86	0.96	0.69	0.86	0.97	-0.1	0.87	0.96	0.82	-0.86	0.94	0.88	0.97	0.47	0.97	0.62	-0.59	-0.59
Short Long Term Debt Total	0.83		0.29	0.76	0.53	0.69	0.88	0.64	0.55	0.94	0.23	0.55	0.7	-0.4	0.99	0.7	0.39	-0.8	0.96	0.54	0.67	0.71	0.7	0.89	-0.24	-0.24
Other Current Liab	0.42	0.29		0.46	0.44	0.53	0.13	0.43	0.39	0.37	0.57	0.39	0.47	-0.18	0.28	0.35	0.44	-0.41	0.35	0.55	0.43	0.23	0.38	0.18	0.0	0.0
Total Current Liabilities	0.99	0.76	0.46		0.95	0.92	0.43	0.98	0.86	0.93	0.76	0.86	0.99	-0.07	0.81	0.97	0.86	-0.85	0.9	0.9	0.99	0.38	0.98	0.55	-0.62	-0.62
Total Stockholder Equity	0.91	0.53	0.44	0.95		0.88	0.14	0.98	0.9	0.77	0.89	0.9	0.97	0.15	0.59	0.94	0.97	-0.7	0.73	0.93	0.98	0.19	0.95	0.28	-0.72	-0.72
Property Plant And Equipment Net	0.92	0.69	0.53	0.92	0.88		0.33	0.91	0.94	0.84	0.75	0.94	0.89	-0.02	0.75	0.84	0.84	-0.78	0.84	0.95	0.93	0.55	0.85	0.41	-0.6	-0.6
Net Debt	0.52	0.88	0.13	0.43	0.14	0.33		0.28	0.13	0.73	-0.18	0.13	0.36	-0.62	0.86	0.41	-0.05	-0.65	0.76	0.16	0.3	0.61	0.38	0.96	0.14	0.14
Retained Earnings	0.96	0.64	0.43	0.98	0.98	0.91	0.28		0.9	0.85	0.82	0.9	0.99	0.02	0.7	0.97	0.93	-0.8	0.82	0.93	1.0	0.28	0.97	0.4	-0.68	-0.68
Cash	0.86	0.55	0.39	0.86	0.9	0.94	0.13	0.9		0.73	0.79	1.0	0.85	0.17	0.61	0.79	0.9	-0.64	0.71	0.94	0.91	0.46	0.81	0.23	-0.69	-0.69
Non Current Assets Total	0.96	0.94	0.37	0.93	0.77	0.84	0.73	0.85	0.73		0.5	0.73	0.89	-0.26	0.97	0.89	0.64	-0.87	1.0	0.76	0.87	0.58	0.89	0.79	-0.44	-0.44
Non Currrent Assets Other	0.69	0.23	0.57	0.76	0.89	0.75	-0.18	0.82	0.79	0.5		0.79	0.8	0.31	0.28	0.72	0.92	-0.43	0.44	0.86	0.82	0.01	0.76	-0.04	-0.67	-0.67
Cash And Short Term Investments	0.86	0.55	0.39	0.86	0.9	0.94	0.13	0.9	1.0	0.73	0.79		0.85	0.17	0.61	0.79	0.9	-0.64	0.71	0.94	0.91	0.46	0.81	0.23	-0.69	-0.69
Net Receivables	0.97	0.7	0.47	0.99	0.97	0.89	0.36	0.99	0.85	0.89	0.8	0.85		-0.01	0.75	0.97	0.89	-0.81	0.86	0.91	0.99	0.29	0.99	0.48	-0.65	-0.65
Common Stock Shares Outstanding	-0.1	-0.4	-0.18	-0.07	0.15	-0.02	-0.62	0.02	0.17	-0.26	0.31	0.17	-0.01		-0.37	-0.07	0.27	0.54	-0.29	0.16	0.04	-0.21	0.0	-0.6	-0.64	-0.64
Non Current Liabilities Total	0.87	0.99	0.28	0.81	0.59	0.75	0.86	0.7	0.61	0.97	0.28	0.61	0.75	-0.37		0.76	0.44	-0.84	0.98	0.62	0.73	0.7	0.75	0.88	-0.3	-0.3
Inventory	0.96	0.7	0.35	0.97	0.94	0.84	0.41	0.97	0.79	0.89	0.72	0.79	0.97	-0.07	0.76		0.84	-0.84	0.86	0.84	0.96	0.27	0.98	0.54	-0.63	-0.63
Other Current Assets	0.82	0.39	0.44	0.86	0.97	0.84	-0.05	0.93	0.9	0.64	0.92	0.9	0.89	0.27	0.44	0.84		-0.56	0.59	0.91	0.92	0.15	0.86	0.1	-0.73	-0.73
Other Stockholder Equity	-0.86	-0.8	-0.41	-0.85	-0.7	-0.78	-0.65	-0.8	-0.64	-0.87	-0.43	-0.64	-0.81	0.54	-0.84	-0.84	-0.56		-0.88	-0.67	-0.79	-0.39	-0.8	-0.72	0.23	0.23
Total Liab	0.94	0.96	0.35	0.9	0.73	0.84	0.76	0.82	0.71	1.0	0.44	0.71	0.86	-0.29	0.98	0.86	0.59	-0.88		0.73	0.84	0.63	0.85	0.81	-0.41	-0.41
Property Plant And Equipment Gross	0.88	0.54	0.55	0.9	0.93	0.95	0.16	0.93	0.94	0.76	0.86	0.94	0.91	0.16	0.62	0.84	0.91	-0.67	0.73		0.94	0.39	0.88	0.25	-0.69	-0.69
Total Current Assets	0.97	0.67	0.43	0.99	0.98	0.93	0.3	1.0	0.91	0.87	0.82	0.91	0.99	0.04	0.73	0.96	0.92	-0.79	0.84	0.94		0.34	0.97	0.42	-0.69	-0.69
Short Term Debt	0.47	0.71	0.23	0.38	0.19	0.55	0.61	0.28	0.46	0.58	0.01	0.46	0.29	-0.21	0.7	0.27	0.15	-0.39	0.63	0.39	0.34		0.25	0.52	-0.11	-0.11
Accounts Payable	0.97	0.7	0.38	0.98	0.95	0.85	0.38	0.97	0.81	0.89	0.76	0.81	0.99	0.0	0.75	0.98	0.86	-0.8	0.85	0.88	0.97	0.25		0.51	-0.66	-0.66
Intangible Assets	0.62	0.89	0.18	0.55	0.28	0.41	0.96	0.4	0.23	0.79	-0.04	0.23	0.48	-0.6	0.88	0.54	0.1	-0.72	0.81	0.25	0.42	0.52	0.51		0.09	0.09
Common Stock Total Equity	-0.59	-0.24	0.0	-0.62	-0.72	-0.6	0.14	-0.68	-0.69	-0.44	-0.67	-0.69	-0.65	-0.64	-0.3	-0.63	-0.73	0.23	-0.41	-0.69	-0.69	-0.11	-0.66	0.09		1.0
Common Stock	-0.59	-0.24	0.0	-0.62	-0.72	-0.6	0.14	-0.68	-0.69	-0.44	-0.67	-0.69	-0.65	-0.64	-0.3	-0.63	-0.73	0.23	-0.41	-0.69	-0.69	-0.11	-0.66	0.09	1.0

Click cells to compare fundamentals

Applied Industrial Account Relationship Matchups

Applied Industrial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	2.3B	2.5B	2.7B	3.2B	3.3B
Short Long Term Debt Total	933.8M	828.4M	689.3M	622.1M	715.4M	751.2M
Other Current Liab	99.3M	98.4M	200.0M	114.7M	132.0M	73.0M
Total Current Liabilities	426.1M	427.7M	499.6M	540.3M	621.4M	652.5M
Total Stockholder Equity	843.5M	932.5M	1.1B	1.5B	1.7B	1.8B
Property Plant And Equipment Net	212.5M	202.7M	219.9M	215.7M	248.1M	260.5M
Net Debt	665.2M	570.6M	504.9M	278.1M	319.8M	160.6M
Retained Earnings	1.2B	1.3B	1.5B	1.8B	2.1B	2.2B
Cash	268.6M	257.7M	184.5M	344.0M	395.6M	415.4M
Non Current Assets Total	1.1B	1.1B	1.1B	1.1B	1.3B	1.3B
Non Currrent Assets Other	27.4M	32.8M	59.3M	66.8M	76.9M	80.7M
Cash And Short Term Investments	268.6M	257.7M	184.5M	344.0M	395.6M	415.4M
Net Receivables	450.0M	516.3M	656.4M	708.4M	814.7M	855.4M
Common Stock Shares Outstanding	39.0M	39.3M	39.1M	39.2M	45.1M	45.8M
Liabilities And Stockholders Equity	2.3B	2.3B	2.5B	2.7B	3.2B	3.3B
Non Current Liabilities Total	1.0B	911.6M	803.6M	744.6M	856.2M	899.0M
Inventory	389.2M	362.5M	449.8M	501.2M	576.4M	605.2M
Other Current Assets	52.1M	60.0M	68.8M	93.2M	107.2M	112.5M
Other Stockholder Equity	(237.6M)	(278.8M)	(288.0M)	(288.9M)	(260.0M)	(247.0M)
Total Liab	1.4B	1.3B	1.3B	1.3B	1.5B	1.6B
Property Plant And Equipment Gross	212.5M	202.7M	326.9M	344.1M	395.7M	415.5M
Total Current Assets	1.2B	1.2B	1.4B	1.6B	1.9B	2.0B
Accumulated Other Comprehensive Income	(129.4M)	(93.1M)	(72.3M)	(55.3M)	(49.8M)	(52.3M)
Short Term Debt	78.6M	43.5M	40.2M	25.2M	22.7M	35.3M
Accounts Payable	186.3M	208.2M	259.5M	301.7M	346.9M	364.3M
Intangible Assets	343.2M	279.6M	250.6M	235.5M	270.9M	155.5M
Other Liab	90.9M	126.7M	154.5M	74.9M	86.2M	69.4M
Other Assets	15.2M	32.8M	59.3M	66.8M	76.9M	38.8M
Long Term Debt	855.1M	784.9M	649.2M	596.9M	686.5M	720.8M
Good Will	540.6M	560.1M	563.2M	578.4M	665.2M	698.4M
Treasury Stock	(414.1M)	(455.8M)	(471.8M)	(477.5M)	(429.8M)	(408.3M)
Property Plant Equipment	212.5M	202.7M	111.9M	215.7M	248.1M	260.5M
Current Deferred Revenue	68.0M	61.9M	77.7M	98.7M	113.6M	73.2M
Net Tangible Assets	(40.3M)	92.8M	335.6M	644.5M	580.0M	315.8M
Retained Earnings Total Equity	1.2B	1.3B	1.5B	1.8B	2.1B	1.1B
Capital Surpluse	176.5M	177.0M	183.8M	188.6M	216.9M	183.2M
Non Current Liabilities Other	158.8M	126.7M	154.5M	147.6M	169.8M	100.2M
Accumulated Depreciation	(192.1M)	(204.3M)	(215.0M)	(229.0M)	(206.1M)	(216.4M)
Long Term Debt Total	855.1M	784.9M	649.2M	596.9M	686.5M	642.0M
Short Long Term Debt	78.6M	43.5M	40.2M	25.2M	22.7M	35.0M

Applied Industrial Investors Sentiment

The influence of Applied Industrial's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Applied. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Applied Industrial's public news can be used to forecast risks associated with an investment in Applied. The trend in average sentiment can be used to explain how an investor holding Applied can time the market purely based on public headlines and social activities around Applied Industrial Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Applied Industrial's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Applied Industrial's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Applied Industrial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Applied Industrial.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Applied Industrial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Applied Industrial's short interest history, or implied volatility extrapolated from Applied Industrial options trading.

Pair Trading with Applied Industrial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Applied Industrial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Applied Industrial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Applied Stock

0.65	DXPE	DXP Enterprises Financial Report 9th of May 2024	Pair Corr
0.75	FAST	Fastenal Financial Report 11th of July 2024	Pair Corr
0.83	FERG	Ferguson Plc Financial Report 4th of June 2024	Pair Corr

Moving against Applied Stock

0.47

A2Z Smart Technologies

Pair Corr

The ability to find closely correlated positions to Applied Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applied Industrial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Applied Industrial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Applied Industrial Technologies to buy it.

The correlation of Applied Industrial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Applied Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applied Industrial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Applied Industrial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Applied Industrial is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Applied Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Applied Industrial Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Applied Industrial Technologies Stock:

How To Invest In Applied

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Is Applied Stock a good investment?

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What is Applied Industrial's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Applied Industrial Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for Applied Stock analysis

When running Applied Industrial's price analysis, check to measure Applied Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Applied Industrial is operating at the current time. Most of Applied Industrial's value examination focuses on studying past and present price action to predict the probability of Applied Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applied Industrial's price. Additionally, you may evaluate how the addition of Applied Industrial to your portfolios can decrease your overall portfolio volatility.

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Is Applied Industrial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Applied Industrial. If investors know Applied will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Applied Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.004

Dividend Share

1.42

Earnings Share

9.53

Revenue Per Share

115.704

Quarterly Revenue Growth

0.013

The market value of Applied Industrial is measured differently than its book value, which is the value of Applied that is recorded on the company's balance sheet. Investors also form their own opinion of Applied Industrial's value that differs from its market value or its book value, called intrinsic value, which is Applied Industrial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Applied Industrial's market value can be influenced by many factors that don't directly affect Applied Industrial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Applied Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Applied Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applied Industrial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Applied Intangible Assets vs Long Term Debt Analysis

Intangible Assets vs Long Term Debt

Intangible Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Intangible Assets

Long Term Debt

Applied Industrial fundamental ratios Correlations

Applied Industrial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Applied Industrial fundamental ratios Accounts

Applied Industrial Investors Sentiment

Pair Trading with Applied Industrial

Moving together with Applied Stock

Moving against Applied Stock

Complementary Tools for Applied Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Retained Earnings
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Assets Total
Common Stock	+ 1.0	Common Stock Total Equity
Total Current Liabilities	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total

Total Liab	- 0.88	Other Stockholder Equity
Other Stockholder Equity	- 0.87	Non Current Assets Total
Other Stockholder Equity	- 0.86	Total Assets
Other Stockholder Equity	- 0.85	Total Current Liabilities
Other Stockholder Equity	- 0.84	Inventory
Other Stockholder Equity	- 0.84	Non Current Liabilities Total