Allegion Long Term Debt vs Good Will Analysis

ALLE Stock

USD 123.85 1.02 0.82%

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

For information on how to trade Allegion Stock refer to our How to Trade Allegion Stock guide.

Long Term Debt vs Good Will

Long Term Debt vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allegion PLC Long Term Debt account and Good Will. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Allegion PLC's Long Term Debt and Good Will is 0.56. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of Allegion PLC, assuming nothing else is changed. The correlation between historical values of Allegion PLC's Long Term Debt and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Allegion PLC are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Long Term Debt i.e., Allegion PLC's Long Term Debt and Good Will go up and down completely randomly.

Correlation Coefficient

0.56

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that Allegion PLC has held for over one year. Long-term debt appears on Allegion PLC 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 Allegion PLC 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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Allegion PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allegion PLC 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 Allegion PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Allegion Stock refer to our How to Trade Allegion Stock guide.The current year's Selling General Administrative is expected to grow to about 908.9 M, whereas Discontinued Operations is forecasted to decline to (483 K).

	2021	2022	2023	2024 (projected)
Interest Expense	50.2M	75.9M	93.1M	56.7M
Depreciation And Amortization	127.1M	109.5M	111.6M	81.8M

Interest Expense Depreciation And Amortization

Allegion PLC fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Stockholder Equity	Property Plant And Equipment Gross
Common Stock Shares Outstanding		-0.71	-0.95	-0.73	-0.3	0.63	-0.58	-0.39	-0.66	-0.35	-0.68	-0.65	0.12	-0.47	-0.23	-0.69	-0.44	-0.74	-0.39	-0.69	-0.32	-0.44	0.06	-0.39	0.27	-0.91
Total Assets	-0.71		0.62	0.87	0.3	-0.63	0.62	0.41	0.64	0.65	0.96	0.92	-0.09	0.75	0.35	0.94	0.7	0.96	0.65	0.99	0.43	0.5	0.02	0.65	-0.47	0.8
Other Current Liab	-0.95	0.62		0.72	0.25	-0.53	0.42	0.29	0.58	0.29	0.63	0.54	-0.15	0.43	0.2	0.6	0.41	0.65	0.38	0.62	0.25	0.33	-0.08	0.34	-0.24	0.83
Total Current Liabilities	-0.73	0.87	0.72		0.18	-0.54	0.61	0.33	0.63	0.56	0.83	0.75	0.07	0.71	0.13	0.78	0.66	0.81	0.62	0.84	0.42	0.42	0.26	0.57	-0.46	0.77
Total Stockholder Equity	-0.3	0.3	0.25	0.18		-0.7	0.42	0.52	-0.12	-0.52	0.37	0.44	-0.41	-0.4	0.66	0.53	-0.47	0.45	-0.53	0.24	-0.33	0.39	0.23	-0.52	0.67	0.3
Other Liab	0.63	-0.63	-0.53	-0.54	-0.7		-0.68	-0.61	-0.38	0.0	-0.63	-0.62	0.15	-0.12	-0.48	-0.74	-0.06	-0.72	0.01	-0.55	0.13	-0.58	-0.31	-0.01	-0.12	-0.56
Accounts Payable	-0.58	0.62	0.42	0.61	0.42	-0.68		0.18	0.3	0.21	0.57	0.69	0.25	0.31	0.17	0.59	0.24	0.59	0.21	0.56	0.32	0.2	0.41	0.2	-0.08	0.72
Cash	-0.39	0.41	0.29	0.33	0.52	-0.61	0.18		0.09	-0.04	0.3	0.39	-0.29	0.04	0.4	0.59	0.0	0.57	-0.12	0.32	-0.04	0.97	-0.12	-0.04	0.05	0.31
Other Assets	-0.66	0.64	0.58	0.63	-0.12	-0.38	0.3	0.09		0.64	0.6	0.4	-0.07	0.7	0.0	0.52	0.69	0.58	0.68	0.66	0.26	0.2	0.11	0.67	-0.58	0.5
Long Term Debt	-0.35	0.65	0.29	0.56	-0.52	0.0	0.21	-0.04	0.64		0.56	0.48	0.23	0.98	-0.16	0.42	0.99	0.49	0.99	0.69	0.63	0.14	-0.23	1.0	-0.95	0.45
Good Will	-0.68	0.96	0.63	0.83	0.37	-0.63	0.57	0.3	0.6	0.56		0.91	-0.18	0.67	0.41	0.89	0.62	0.9	0.58	0.96	0.23	0.37	0.05	0.56	-0.34	0.76
Inventory	-0.65	0.92	0.54	0.75	0.44	-0.62	0.69	0.39	0.4	0.48	0.91		0.02	0.58	0.56	0.88	0.51	0.87	0.47	0.9	0.35	0.42	0.0	0.48	-0.27	0.83
Other Current Assets	0.12	-0.09	-0.15	0.07	-0.41	0.15	0.25	-0.29	-0.07	0.23	-0.18	0.02		0.2	-0.1	-0.22	0.2	-0.23	0.24	-0.12	0.38	-0.31	0.35	0.21	-0.29	0.01
Total Liab	-0.47	0.75	0.43	0.71	-0.4	-0.12	0.31	0.04	0.7	0.98	0.67	0.58	0.2		-0.12	0.54	1.0	0.6	0.98	0.79	0.64	0.21	-0.14	0.98	-0.92	0.56
Intangible Assets	-0.23	0.35	0.2	0.13	0.66	-0.48	0.17	0.4	0.0	-0.16	0.41	0.56	-0.1	-0.12		0.52	-0.15	0.43	-0.18	0.34	-0.17	0.23	-0.08	-0.16	0.31	0.25
Property Plant Equipment	-0.69	0.94	0.6	0.78	0.53	-0.74	0.59	0.59	0.52	0.42	0.89	0.88	-0.22	0.54	0.52		0.48	0.99	0.41	0.92	0.33	0.64	-0.02	0.43	-0.27	0.73
Short Long Term Debt Total	-0.44	0.7	0.41	0.66	-0.47	-0.06	0.24	0.0	0.69	0.99	0.62	0.51	0.2	1.0	-0.15	0.48		0.55	0.99	0.74	0.62	0.18	-0.19	0.99	-0.94	0.52
Property Plant And Equipment Net	-0.74	0.96	0.65	0.81	0.45	-0.72	0.59	0.57	0.58	0.49	0.9	0.87	-0.23	0.6	0.43	0.99	0.55		0.48	0.94	0.38	0.63	-0.05	0.5	-0.35	0.76
Net Debt	-0.39	0.65	0.38	0.62	-0.53	0.01	0.21	-0.12	0.68	0.99	0.58	0.47	0.24	0.98	-0.18	0.41	0.99	0.48		0.7	0.62	0.06	-0.17	0.99	-0.94	0.48
Non Current Assets Total	-0.69	0.99	0.62	0.84	0.24	-0.55	0.56	0.32	0.66	0.69	0.96	0.9	-0.12	0.79	0.34	0.92	0.74	0.94	0.7		0.45	0.42	-0.06	0.7	-0.52	0.78
Non Currrent Assets Other	-0.32	0.43	0.25	0.42	-0.33	0.13	0.32	-0.04	0.26	0.63	0.23	0.35	0.38	0.64	-0.17	0.33	0.62	0.38	0.62	0.45		0.09	-0.24	0.64	-0.68	0.46
Cash And Short Term Investments	-0.44	0.5	0.33	0.42	0.39	-0.58	0.2	0.97	0.2	0.14	0.37	0.42	-0.31	0.21	0.23	0.64	0.18	0.63	0.06	0.42	0.09		-0.17	0.14	-0.14	0.37
Net Receivables	0.06	0.02	-0.08	0.26	0.23	-0.31	0.41	-0.12	0.11	-0.23	0.05	0.0	0.35	-0.14	-0.08	-0.02	-0.19	-0.05	-0.17	-0.06	-0.24	-0.17		-0.25	0.29	-0.08
Non Current Liabilities Total	-0.39	0.65	0.34	0.57	-0.52	-0.01	0.2	-0.04	0.67	1.0	0.56	0.48	0.21	0.98	-0.16	0.43	0.99	0.5	0.99	0.7	0.64	0.14	-0.25		-0.95	0.47
Other Stockholder Equity	0.27	-0.47	-0.24	-0.46	0.67	-0.12	-0.08	0.05	-0.58	-0.95	-0.34	-0.27	-0.29	-0.92	0.31	-0.27	-0.94	-0.35	-0.94	-0.52	-0.68	-0.14	0.29	-0.95		-0.31
Property Plant And Equipment Gross	-0.91	0.8	0.83	0.77	0.3	-0.56	0.72	0.31	0.5	0.45	0.76	0.83	0.01	0.56	0.25	0.73	0.52	0.76	0.48	0.78	0.46	0.37	-0.08	0.47	-0.31

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Allegion PLC Account Relationship Matchups

Allegion PLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	94.3M	92.8M	90.5M	88.3M	79.5M	75.5M
Total Assets	3.0B	3.1B	3.1B	4.0B	4.3B	3.0B
Other Current Liab	285.9M	7.2M	329.5M	410.3M	1.3B	1.3B
Total Current Liabilities	507M	521.5M	601.2M	703.6M	1.1B	596.6M
Total Stockholder Equity	760.4M	829.4M	762.4M	944.5M	1.3B	722.6M
Other Liab	216.6M	219.6M	257.9M	191.7M	172.5M	195.8M
Accounts Payable	221M	220.4M	259.1M	280.7M	259.2M	247.5M
Cash	355.3M	480.4M	397.9M	288M	468.1M	377.7M
Other Assets	190.3M	324M	(4.2M)	301M	346.2M	363.5M
Long Term Debt	1.4B	1.4B	1.4B	2.1B	1.6B	1.4B
Good Will	873.3M	819M	803.8M	1.4B	1.4B	906.0M
Inventory	269.9M	283.1M	380.4M	479M	438.5M	300.5M
Other Current Assets	43.4M	28.1M	56M	48.5M	32.6M	32.4M
Total Liab	2.2B	2.2B	2.3B	3.0B	3.0B	2.3B
Intangible Assets	510.9M	487.1M	447.5M	608.9M	572.8M	466.2M
Property Plant Equipment	291.4M	294.9M	283.7M	308.7M	355.0M	279.6M
Short Long Term Debt Total	1.4B	1.4B	1.4B	2.1B	2.0B	1.6B
Property Plant And Equipment Net	291.4M	294.9M	283.7M	308.7M	358.1M	290.0M
Net Debt	1.1B	949.2M	1.0B	1.8B	1.5B	1.2B
Non Current Assets Total	2.0B	1.9B	1.9B	2.8B	3.0B	1.9B
Non Currrent Assets Other	289.8M	183M	398.4M	171.5M	217.9M	215.0M
Cash And Short Term Investments	355.3M	480.4M	397.9M	288M	468.1M	374.7M
Net Receivables	329.8M	347.6M	283.3M	395.6M	421.7M	280.7M
Liabilities And Stockholders Equity	3.0B	3.1B	3.1B	4.0B	4.3B	3.0B
Non Current Liabilities Total	1.7B	1.7B	1.7B	2.3B	1.9B	1.8B
Property Plant And Equipment Gross	291M	294.9M	827.7M	875.6M	961.4M	1.0B
Total Current Assets	1.0B	1.1B	1.1B	1.2B	1.4B	1.1B
Accumulated Other Comprehensive Income	(218.6M)	(157.1M)	(194.4M)	(285.8M)	(261.5M)	(274.6M)
Short Term Debt	35.3M	100K	200K	12.6M	412.6M	433.2M
Net Tangible Assets	(626.8M)	(476.7M)	(492.2M)	(1.1B)	(1.2B)	(1.3B)
Current Deferred Revenue	20.2M	112M	293.7M	(842.5M)	(758.3M)	(720.3M)
Retained Earnings	975.1M	985.6M	952.6M	1.2B	1.6B	1.7B
Short Long Term Debt	35.3M	100K	200K	12.6M	412.6M	433.2M
Retained Earnings Total Equity	975.1M	985.6M	952.6M	1.2B	1.4B	769.5M
Long Term Debt Total	1.4B	1.4B	1.4B	2.1B	2.4B	1.6B
Deferred Long Term Liab	107.8M	105.7M	100.8M	101.6M	116.8M	116.4M

Pair Trading with Allegion PLC

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 Allegion PLC 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 Allegion PLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with Allegion Stock

0.67

REZI

Resideo Technologies Financial Report 1st of May 2024

Pair Corr

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

The correlation of Allegion PLC 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 Allegion PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegion PLC 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 Allegion PLC 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 Allegion PLC is a strong investment it is important to analyze Allegion PLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allegion PLC's future performance. For an informed investment choice regarding Allegion Stock, refer to the following important reports:

How To Invest In Allegion

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Is Allegion Stock a good investment?

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What is Allegion PLC's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegion PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For information on how to trade Allegion Stock refer to our How to Trade Allegion Stock guide.

You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Allegion Stock analysis

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

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Is Allegion PLC'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 Allegion PLC. If investors know Allegion 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 Allegion PLC 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

(0.13)

Dividend Share

1.8

Earnings Share

6.12

Revenue Per Share

41.534

Quarterly Revenue Growth

0.042

The market value of Allegion PLC is measured differently than its book value, which is the value of Allegion that is recorded on the company's balance sheet. Investors also form their own opinion of Allegion PLC's value that differs from its market value or its book value, called intrinsic value, which is Allegion PLC'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 Allegion PLC's market value can be influenced by many factors that don't directly affect Allegion PLC'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 Allegion PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegion PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegion PLC'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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Allegion Long Term Debt vs Good Will Analysis

Long Term Debt vs Good Will

Long Term Debt vs Good Will Correlation Analysis

Correlation Coefficient

Long Term Debt

Good Will

Allegion PLC fundamental ratios Correlations

Allegion PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Allegion PLC fundamental ratios Accounts

Pair Trading with Allegion PLC

Moving together with Allegion Stock

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COMPANY

Non Current Liabilities Total	+ 1.0	Long Term Debt
Short Long Term Debt Total	+ 1.0	Total Liab
Non Current Assets Total	+ 0.99	Total Assets
Short Long Term Debt Total	+ 0.99	Long Term Debt
Net Debt	+ 0.99	Long Term Debt
Property Plant And Equipment Net	+ 0.99	Property Plant Equipment

Other Stockholder Equity	- 0.95	Non Current Liabilities Total
Other Stockholder Equity	- 0.95	Long Term Debt
Other Current Liab	- 0.95	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.94	Net Debt
Other Stockholder Equity	- 0.94	Short Long Term Debt Total
Other Stockholder Equity	- 0.92	Total Liab