American Net Debt vs Other Current Assets Analysis

AMT Stock

USD 197.96 0.23 0.12%

American Tower financial indicator trend analysis is way more than just evaluating American Tower Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Tower Corp is a good investment. Please check the relationship between American Tower Net Debt and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Tower 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 population.

Net Debt vs Other Current Assets

Net Debt vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Tower Corp Net Debt account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between American Tower's Net Debt and Other Current Assets is -0.41. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of American Tower Corp, assuming nothing else is changed. The correlation between historical values of American Tower's Net Debt 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 Net Debt of American Tower Corp 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 Net Debt i.e., American Tower's Net Debt and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 American Tower's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Tower 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in American Tower 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 population.

At this time, American Tower's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 90.4 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.07 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	6.7B	7.4B	4.8B	2.7B
Total Revenue	9.4B	10.7B	11.1B	11.7B

Gross Profit Total Revenue

American Tower fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		1.0	0.98	0.95	0.41	0.95	0.7	0.99	-0.72	0.71	0.96	1.0	0.63	0.96	0.97	0.99	0.63	0.55	1.0	-0.42	0.8	1.0	0.95	0.98	0.9	0.97
Short Long Term Debt Total	1.0		0.98	0.95	0.35	0.96	0.72	1.0	-0.7	0.7	0.97	1.0	0.61	0.97	0.96	0.98	0.61	0.52	1.0	-0.41	0.76	1.0	0.95	0.98	0.9	0.96
Other Current Liab	0.98	0.98		0.95	0.39	0.91	0.62	0.97	-0.75	0.66	0.98	0.98	0.68	0.98	0.98	0.96	0.62	0.53	0.98	-0.47	0.78	0.98	0.96	0.99	0.9	0.95
Total Current Liabilities	0.95	0.95	0.95		0.29	0.93	0.73	0.95	-0.63	0.7	0.94	0.95	0.57	0.94	0.94	0.95	0.53	0.45	0.94	-0.35	0.71	0.96	0.9	0.95	0.99	0.91
Total Stockholder Equity	0.41	0.35	0.39	0.29		0.42	0.33	0.35	-0.15	0.32	0.3	0.42	-0.01	0.3	0.46	0.35	0.74	0.78	0.38	0.21	0.75	0.37	0.23	0.39	0.22	0.57
Property Plant And Equipment Net	0.95	0.96	0.91	0.93	0.42		0.77	0.96	-0.53	0.7	0.93	0.95	0.4	0.93	0.93	0.92	0.61	0.56	0.95	-0.16	0.79	0.96	0.85	0.93	0.9	0.94
Current Deferred Revenue	0.7	0.72	0.62	0.73	0.33	0.77		0.72	-0.16	0.67	0.62	0.7	0.05	0.62	0.68	0.7	0.47	0.44	0.71	0.07	0.59	0.72	0.54	0.66	0.7	0.75
Net Debt	0.99	1.0	0.97	0.95	0.35	0.96	0.72		-0.7	0.71	0.96	1.0	0.61	0.96	0.95	0.98	0.61	0.53	1.0	-0.41	0.76	1.0	0.95	0.97	0.9	0.96
Retained Earnings	-0.72	-0.7	-0.75	-0.63	-0.15	-0.53	-0.16	-0.7		-0.59	-0.72	-0.72	-0.95	-0.72	-0.65	-0.76	-0.53	-0.42	-0.7	0.83	-0.53	-0.7	-0.86	-0.72	-0.58	-0.58
Accounts Payable	0.71	0.7	0.66	0.7	0.32	0.7	0.67	0.71	-0.59		0.65	0.71	0.4	0.66	0.67	0.74	0.72	0.66	0.7	-0.21	0.68	0.71	0.65	0.7	0.66	0.66
Cash	0.96	0.97	0.98	0.94	0.3	0.93	0.62	0.96	-0.72	0.65		0.96	0.63	1.0	0.95	0.94	0.57	0.49	0.96	-0.42	0.73	0.97	0.94	0.99	0.9	0.91
Non Current Assets Total	1.0	1.0	0.98	0.95	0.42	0.95	0.7	1.0	-0.72	0.71	0.96		0.63	0.96	0.97	0.99	0.63	0.55	1.0	-0.42	0.8	1.0	0.95	0.98	0.9	0.97
Non Currrent Assets Other	0.63	0.61	0.68	0.57	-0.01	0.4	0.05	0.61	-0.95	0.4	0.63	0.63		0.63	0.56	0.68	0.28	0.15	0.61	-0.93	0.36	0.61	0.81	0.62	0.53	0.49
Cash And Short Term Investments	0.96	0.97	0.98	0.94	0.3	0.93	0.62	0.96	-0.72	0.66	1.0	0.96	0.63		0.95	0.94	0.58	0.49	0.96	-0.43	0.73	0.97	0.94	0.99	0.9	0.91
Net Receivables	0.97	0.96	0.98	0.94	0.46	0.93	0.68	0.95	-0.65	0.67	0.95	0.97	0.56	0.95		0.95	0.63	0.56	0.96	-0.32	0.81	0.96	0.89	0.98	0.9	0.96
Good Will	0.99	0.98	0.96	0.95	0.35	0.92	0.7	0.98	-0.76	0.74	0.94	0.99	0.68	0.94	0.95		0.6	0.51	0.98	-0.47	0.75	0.98	0.96	0.96	0.91	0.93
Common Stock Total Equity	0.63	0.61	0.62	0.53	0.74	0.61	0.47	0.61	-0.53	0.72	0.57	0.63	0.28	0.58	0.63	0.6		0.98	0.62	-0.1	0.84	0.61	0.53	0.63	0.46	0.67
Common Stock Shares Outstanding	0.55	0.52	0.53	0.45	0.78	0.56	0.44	0.53	-0.42	0.66	0.49	0.55	0.15	0.49	0.56	0.51	0.98		0.54	0.04	0.78	0.53	0.43	0.56	0.38	0.61
Non Current Liabilities Total	1.0	1.0	0.98	0.94	0.38	0.95	0.71	1.0	-0.7	0.7	0.96	1.0	0.61	0.96	0.96	0.98	0.62	0.54		-0.42	0.77	1.0	0.95	0.98	0.88	0.96
Other Current Assets	-0.42	-0.41	-0.47	-0.35	0.21	-0.16	0.07	-0.41	0.83	-0.21	-0.42	-0.42	-0.93	-0.43	-0.32	-0.47	-0.1	0.04	-0.42		-0.12	-0.41	-0.66	-0.4	-0.31	-0.27
Other Stockholder Equity	0.8	0.76	0.78	0.71	0.75	0.79	0.59	0.76	-0.53	0.68	0.73	0.8	0.36	0.73	0.81	0.75	0.84	0.78	0.77	-0.12		0.77	0.67	0.78	0.66	0.85
Total Liab	1.0	1.0	0.98	0.96	0.37	0.96	0.72	1.0	-0.7	0.71	0.97	1.0	0.61	0.97	0.96	0.98	0.61	0.53	1.0	-0.41	0.77		0.95	0.98	0.9	0.96
Property Plant And Equipment Gross	0.95	0.95	0.96	0.9	0.23	0.85	0.54	0.95	-0.86	0.65	0.94	0.95	0.81	0.94	0.89	0.96	0.53	0.43	0.95	-0.66	0.67	0.95		0.94	0.85	0.87
Total Current Assets	0.98	0.98	0.99	0.95	0.39	0.93	0.66	0.97	-0.72	0.7	0.99	0.98	0.62	0.99	0.98	0.96	0.63	0.56	0.98	-0.4	0.78	0.98	0.94		0.9	0.95
Short Term Debt	0.9	0.9	0.9	0.99	0.22	0.9	0.7	0.9	-0.58	0.66	0.9	0.9	0.53	0.9	0.9	0.91	0.46	0.38	0.88	-0.31	0.66	0.9	0.85	0.9		0.85
Intangible Assets	0.97	0.96	0.95	0.91	0.57	0.94	0.75	0.96	-0.58	0.66	0.91	0.97	0.49	0.91	0.96	0.93	0.67	0.61	0.96	-0.27	0.85	0.96	0.87	0.95	0.85

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American Tower Account Relationship Matchups

American Tower fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	42.8B	47.2B	69.9B	67.2B	66.0B	69.3B
Short Long Term Debt Total	31.1B	36.7B	52.0B	47.1B	47.2B	49.5B
Other Current Liab	1.6B	1.8B	2.3B	2.4B	2.6B	2.7B
Total Current Liabilities	5.5B	3.7B	9.1B	8.3B	7.2B	7.6B
Total Stockholder Equity	5.1B	4.1B	5.1B	5.6B	4.2B	4.0B
Property Plant And Equipment Net	19.4B	20.6B	29.0B	28.9B	19.8B	20.8B
Current Deferred Revenue	294.3M	390.6M	1.2B	439.7M	434.7M	229.8M
Net Debt	29.6B	35.0B	50.1B	45.0B	45.1B	47.3B
Retained Earnings	(1.0B)	(1.3B)	(1.1B)	(2.1B)	(3.6B)	(3.5B)
Accounts Payable	148.1M	139.1M	272.4M	218.6M	258.7M	153.2M
Cash	1.5B	1.7B	1.9B	2.0B	2.1B	2.2B
Non Current Assets Total	40.2B	44.3B	66.2B	63.6B	62.3B	65.4B
Non Currrent Assets Other	406.4M	400.1M	400.9M	3.6B	9.6B	10.0B
Cash And Short Term Investments	1.5B	1.7B	1.9B	2.0B	2.1B	2.2B
Net Receivables	462.2M	511.6M	728.9M	758.3M	669.7M	703.2M
Good Will	6.2B	7.3B	13.4B	13.0B	12.6B	13.3B
Common Stock Shares Outstanding	445.5M	446.1M	453.3M	462.8M	467.2M	377.3M
Liabilities And Stockholders Equity	42.8B	47.2B	69.9B	67.2B	66.0B	69.3B
Non Current Liabilities Total	30.7B	38.8B	51.8B	46.5B	47.9B	50.3B
Other Current Assets	513.6M	532.6M	657.2M	723.3M	(2.8B)	(2.6B)
Other Stockholder Equity	8.9B	9.2B	11.0B	13.4B	13.6B	7.1B
Total Liab	36.2B	42.5B	60.8B	54.8B	55.2B	57.9B
Property Plant And Equipment Gross	19.4B	20.6B	29.0B	28.9B	39.8B	41.8B
Total Current Assets	2.6B	2.9B	3.7B	3.6B	3.7B	3.9B
Accumulated Other Comprehensive Income	(2.8B)	(3.8B)	(4.7B)	(5.7B)	(5.7B)	(5.5B)
Short Term Debt	3.4B	1.3B	5.3B	5.3B	4.0B	4.2B
Intangible Assets	12.3B	13.8B	20.7B	18.0B	16.5B	17.3B
Inventory	76.8M	115.1M	393.4M	112.3M	129.1M	110.0M
Other Liab	3.1B	3.4B	5.0B	4.7B	5.4B	5.7B
Other Assets	2.3B	2.6B	3.1B	3.2B	4.3B	2.3B
Long Term Debt	21.1B	28.5B	38.7B	34.2B	35.7B	37.5B
Treasury Stock	(974M)	(1.2B)	(1.2B)	(1.3B)	(1.2B)	(1.2B)
Property Plant Equipment	19.4B	20.6B	29.0B	28.9B	33.3B	34.9B
Noncontrolling Interest In Consolidated Entity	435M	474.9M	4.0B	6.8B	7.9B	8.3B
Retained Earnings Total Equity	(1.0B)	(1.3B)	(1.1B)	(2.1B)	(1.9B)	(1.8B)

Pair Trading with American Tower

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 American Tower 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 American Tower will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to American Tower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Tower 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 American Tower - 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 American Tower Corp to buy it.

The correlation of American Tower 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 American Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Tower Corp 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 American Tower 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

Additional Tools for American Stock Analysis

When running American Tower's price analysis, check to measure American Tower'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 American Tower is operating at the current time. Most of American Tower's value examination focuses on studying past and present price action to predict the probability of American Tower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Tower's price. Additionally, you may evaluate how the addition of American Tower to your portfolios can decrease your overall portfolio volatility.

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American Net Debt vs Other Current Assets Analysis

Net Debt vs Other Current Assets

Net Debt vs Other Current Assets Correlation Analysis

Correlation Coefficient

Net Debt

Other Current Assets

American Tower fundamental ratios Correlations

American Tower Account Relationship Matchups

High Positive Relationship

High Negative Relationship

American Tower fundamental ratios Accounts

Pair Trading with American Tower

Additional Tools for American Stock Analysis

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Short Long Term Debt Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Short Long Term Debt Total

Non Currrent Assets Other	- 0.95	Retained Earnings
Other Current Assets	- 0.93	Non Currrent Assets Other
Property Plant And Equipment Gross	- 0.86	Retained Earnings
Good Will	- 0.76	Retained Earnings
Retained Earnings	- 0.75	Other Current Liab
Total Current Assets	- 0.72	Retained Earnings