Air Interest Expense vs Net Income Analysis
APD Stock | USD 243.69 6.20 2.61% |
Air Products financial indicator trend analysis is way more than just evaluating Air Products prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air Products is a good investment. Please check the relationship between Air Products Interest Expense and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Products and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Interest Expense vs Net Income
Interest Expense vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Products Interest Expense account and Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Air Products' Interest Expense and Net Income is 0.71. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Net Income in the same time period over historical financial statements of Air Products and, assuming nothing else is changed. The correlation between historical values of Air Products' Interest Expense and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Air Products and are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Interest Expense i.e., Air Products' Interest Expense and Net Income go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Air Products financial statement analysis. It represents the amount of money remaining after all of Air Products and operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Air Products' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Air Products 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 Air Products and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. At present, Air Products' Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.4B | 3.8B | 4.3B | 2.3B | Total Revenue | 12.7B | 12.6B | 14.5B | 7.4B |
Air Products fundamental ratios Correlations
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Air Products Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Air Products fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 25.2B | 26.9B | 27.2B | 32.0B | 36.8B | 38.6B | |
Short Long Term Debt Total | 7.9B | 7.6B | 7.6B | 10.9B | 12.6B | 13.2B | |
Other Current Liab | (208M) | (272.9M) | (303.9M) | (281.8M) | (253.6M) | (240.9M) | |
Total Current Liabilities | 2.4B | 2.8B | 3.5B | 3.9B | 4.5B | 4.7B | |
Total Stockholder Equity | 12.1B | 13.5B | 13.1B | 14.3B | 16.5B | 17.3B | |
Property Plant And Equipment Net | 12.0B | 13.3B | 14.2B | 18.4B | 21.2B | 22.3B | |
Net Debt | 2.7B | 3.2B | 4.9B | 9.3B | 10.7B | 11.3B | |
Retained Earnings | 14.9B | 15.7B | 16.5B | 17.3B | 19.9B | 20.9B | |
Cash | 5.3B | 4.5B | 2.7B | 1.6B | 1.9B | 2.0B | |
Non Current Assets Total | 16.5B | 18.5B | 20.9B | 26.8B | 30.8B | 32.4B | |
Non Currrent Assets Other | 1.6B | 2.1B | 2.1B | 1.2B | 1.4B | 1.2B | |
Cash And Short Term Investments | 6.4B | 5.8B | 3.3B | 1.9B | 2.2B | 2.4B | |
Net Receivables | 1.8B | 2.0B | 2.3B | 2.4B | 2.8B | 1.4B | |
Good Will | 891.5M | 911.5M | 823M | 861.7M | 991.0M | 689.1M | |
Common Stock Shares Outstanding | 221.6M | 222.3M | 222.5M | 222.7M | 200.4M | 178.2M | |
Liabilities And Stockholders Equity | 25.2B | 26.9B | 27.2B | 32.0B | 36.8B | 38.6B | |
Non Current Liabilities Total | 10.3B | 10.0B | 10.0B | 12.4B | 14.3B | 15.0B | |
Inventory | 404.8M | 453.9M | 514.2M | 651.8M | 749.6M | 470.4M | |
Other Current Assets | 132.9M | 161.8M | 170.5M | 177M | 159.3M | 95.0M | |
Other Stockholder Equity | (905.2M) | (872.1M) | (839.6M) | (3.3B) | (3.0B) | (2.8B) | |
Total Liab | 12.7B | 12.8B | 13.5B | 16.3B | 18.8B | 19.7B | |
Property Plant And Equipment Gross | 12.3B | 27.5B | 28.2B | 33.7B | 38.8B | 40.7B | |
Total Current Assets | 8.7B | 8.4B | 6.3B | 5.2B | 6.0B | 3.0B | |
Accumulated Other Comprehensive Income | (2.1B) | (1.5B) | (2.8B) | 77.7M | 89.4M | 93.8M | |
Short Term Debt | 477.7M | 486.9M | 559M | 874.5M | 1.0B | 551.7M | |
Intangible Assets | 435.8M | 420.7M | 347.5M | 334.6M | 384.8M | 382.1M | |
Accounts Payable | 1.8B | 2.2B | 2.8B | 2.9B | 3.3B | 3.5B | |
Current Deferred Revenue | 313.8M | 366.8M | 439.1M | 413M | 371.7M | 390.3M | |
Other Liab | 2.5B | 2.8B | 2.9B | 2.3B | 2.6B | 1.8B | |
Other Assets | 1.3B | 2.2B | 2.2B | 1.2B | 1.4B | 1.0B | |
Long Term Debt | 7.4B | 7.2B | 7.1B | 9.4B | 10.8B | 11.4B | |
Treasury Stock | (2.0B) | (2B) | (2.0B) | (2.0B) | (1.8B) | (1.9B) | |
Property Plant Equipment | 12.0B | 13.3B | 14.2B | 18.4B | 21.2B | 22.3B | |
Short Term Investments | 1.1B | 1.3B | 590.7M | 332.2M | 382.0M | 301.7M |
Air Products Investors Sentiment
The influence of Air Products' 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 Air. 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 Air Products' public news can be used to forecast risks associated with an investment in Air. The trend in average sentiment can be used to explain how an investor holding Air can time the market purely based on public headlines and social activities around Air Products and. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Air Products' 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 Air Products' 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 Air Products' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Air Products.
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 Air Products 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, Air Products' short interest history, or implied volatility extrapolated from Air Products options trading.
Pair Trading with Air Products
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 Air Products 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 Air Products will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Air Products could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Products 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 Air Products - 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 Air Products and to buy it.
The correlation of Air Products 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 Air Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Products 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 Air Products 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Products and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Air Stock analysis
When running Air Products' price analysis, check to measure Air Products' 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 Air Products is operating at the current time. Most of Air Products' value examination focuses on studying past and present price action to predict the probability of Air Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air Products' price. Additionally, you may evaluate how the addition of Air Products to your portfolios can decrease your overall portfolio volatility.
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Is Air Products' 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 Air Products. If investors know Air 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 Air Products 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 0.062 | Dividend Share 7 | Earnings Share 10.45 | Revenue Per Share 55.864 | Quarterly Revenue Growth (0.06) |
The market value of Air Products is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air Products' value that differs from its market value or its book value, called intrinsic value, which is Air Products' 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 Air Products' market value can be influenced by many factors that don't directly affect Air Products' 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 Air Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Products' 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.