Illinois Other Stockholder Equity vs Cash Analysis
ITW Stock | USD 249.38 0.91 0.36% |
Illinois Tool financial indicator trend analysis is infinitely more than just investigating Illinois Tool Works recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Illinois Tool Works is a good investment. Please check the relationship between Illinois Tool Other Stockholder Equity and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illinois Tool Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Other Stockholder Equity vs Cash
Other Stockholder Equity vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Illinois Tool Works Other Stockholder Equity account and Cash. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Illinois Tool's Other Stockholder Equity and Cash is 0.16. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Illinois Tool Works, assuming nothing else is changed. The correlation between historical values of Illinois Tool's Other Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Illinois Tool Works are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Stockholder Equity i.e., Illinois Tool's Other Stockholder Equity and Cash go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Other Stockholder Equity
Cash
Cash refers to the most liquid asset of Illinois Tool Works, which is listed under current asset account on Illinois Tool Works balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Illinois Tool customers. The amounts must be unrestricted with restricted cash listed in a different Illinois Tool account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Illinois Tool's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Illinois Tool Works 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illinois Tool Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Illinois Tool's Discontinued Operations is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 20.11 in 2024, whereas Tax Provision is likely to drop slightly above 691.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.0B | 6.5B | 6.8B | 4.1B | Total Revenue | 14.5B | 15.9B | 16.1B | 10.8B |
Illinois Tool fundamental ratios Correlations
Click cells to compare fundamentals
Illinois Tool Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Illinois Tool fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 15.1B | 15.6B | 16.1B | 15.4B | 15.5B | 11.4B | |
Short Long Term Debt Total | 7.8B | 8.1B | 7.7B | 7.8B | 8.4B | 8.8B | |
Other Current Liab | 1.5B | 1.5B | 1.7B | 1.8B | 1.8B | 935.3M | |
Total Current Liabilities | 2.2B | 2.6B | 3.5B | 4.5B | 4.7B | 4.9B | |
Total Stockholder Equity | 3.0B | 3.2B | 3.6B | 3.1B | 3.0B | 5.1B | |
Property Plant And Equipment Net | 1.7B | 1.8B | 1.8B | 1.8B | 2.2B | 1.5B | |
Net Debt | 5.8B | 5.6B | 6.2B | 7.1B | 7.3B | 7.7B | |
Retained Earnings | 22.4B | 23.1B | 24.3B | 25.8B | 27.1B | 28.5B | |
Cash | 2.0B | 2.6B | 1.5B | 708M | 1.1B | 1.1B | |
Non Current Assets Total | 8.8B | 9.1B | 9.7B | 9.2B | 9.3B | 6.8B | |
Non Currrent Assets Other | 1.2B | 1.3B | 1.4B | 1.2B | 771M | 1.0B | |
Cash And Short Term Investments | 2.0B | 2.6B | 1.5B | 708M | 1.1B | 1.1B | |
Net Receivables | 2.5B | 2.5B | 2.8B | 3.2B | 3.3B | 1.9B | |
Common Stock Shares Outstanding | 325.6M | 318.3M | 316.4M | 310.7M | 303.6M | 371.6M | |
Liabilities And Stockholders Equity | 15.1B | 15.6B | 16.1B | 15.4B | 15.5B | 11.4B | |
Non Current Liabilities Total | 9.9B | 9.8B | 9.0B | 7.9B | 7.8B | 4.0B | |
Inventory | 1.2B | 1.2B | 1.7B | 2.1B | 1.7B | 1.1B | |
Other Current Assets | 296M | 264M | 313M | 329M | 157M | 300.6M | |
Other Stockholder Equity | (17.7B) | (18.3B) | (19.2B) | (20.9B) | (22.3B) | (21.2B) | |
Total Liab | 12.0B | 12.4B | 12.5B | 12.3B | 12.5B | 6.3B | |
Total Current Assets | 6.3B | 6.5B | 6.4B | 6.3B | 6.2B | 4.6B | |
Short Term Debt | 4M | 350M | 778M | 1.6B | 1.9B | 2.0B | |
Intangible Assets | 851M | 781M | 972M | 768M | 657M | 624.2M | |
Accounts Payable | 472M | 534M | 585M | 594M | 581M | 511.2M | |
Property Plant And Equipment Gross | 1.9B | 2.0B | 5.9B | 6.0B | 6.3B | 6.6B | |
Accumulated Other Comprehensive Income | (1.7B) | (1.6B) | (1.5B) | (1.8B) | (1.8B) | (1.7B) | |
Other Liab | 2.0B | 2.1B | 2.1B | 1.6B | 1.8B | 1.4B | |
Other Assets | 1.5B | 1.8B | 2.0B | 1.7B | 1.9B | 1.4B | |
Long Term Debt | 7.8B | 7.8B | 6.9B | 6.2B | 6.3B | 4.4B | |
Treasury Stock | (17.5B) | (19.0B) | (19.7B) | (20.6B) | (18.6B) | (17.6B) | |
Property Plant Equipment | 1.7B | 1.8B | 1.8B | 1.8B | 1.7B | 1.5B | |
Current Deferred Revenue | 188M | 222M | 394M | 427M | 395M | 369.1M | |
Good Will | 4.5B | 4.7B | 5.0B | 4.9B | 4.9B | 4.8B | |
Net Tangible Assets | (2.3B) | (2.3B) | (2.3B) | (2.5B) | (2.3B) | (2.2B) | |
Retained Earnings Total Equity | 22.4B | 23.1B | 24.3B | 25.8B | 29.7B | 18.7B | |
Long Term Debt Total | 7.8B | 7.8B | 6.9B | 6.2B | 7.1B | 6.4B |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illinois Tool Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Illinois Stock analysis
When running Illinois Tool's price analysis, check to measure Illinois Tool'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 Illinois Tool is operating at the current time. Most of Illinois Tool's value examination focuses on studying past and present price action to predict the probability of Illinois Tool's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Illinois Tool's price. Additionally, you may evaluate how the addition of Illinois Tool to your portfolios can decrease your overall portfolio volatility.
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
CEOs Directory Screen CEOs from public companies around the world | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |
Is Illinois Tool'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 Illinois Tool. If investors know Illinois 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 Illinois Tool 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 0.172 | Dividend Share 5.51 | Earnings Share 10.14 | Revenue Per Share 53.346 | Quarterly Revenue Growth (0.01) |
The market value of Illinois Tool Works is measured differently than its book value, which is the value of Illinois that is recorded on the company's balance sheet. Investors also form their own opinion of Illinois Tool's value that differs from its market value or its book value, called intrinsic value, which is Illinois Tool'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 Illinois Tool's market value can be influenced by many factors that don't directly affect Illinois Tool'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 Illinois Tool's value and its price as these two are different measures arrived at by different means. Investors typically determine if Illinois Tool is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Illinois Tool'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.