Air Property Plant And Equipment Gross vs Total Current Assets Analysis

APD Stock

USD 251.60 3.04 1.22%

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 Property Plant And Equipment Gross and its Total Current Assets 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.

Property Plant And Equipment Gross vs Total Current Assets

Property Plant And Equipment Gross vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Products Property Plant And Equipment Gross account and Total Current Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Air Products' Property Plant And Equipment Gross and Total Current Assets is 0.35. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Total Current Assets 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' Property Plant And Equipment Gross and Total 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 Property Plant And Equipment Gross of Air Products and are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Property Plant And Equipment Gross i.e., Air Products' Property Plant And Equipment Gross and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Property Plant And Equipment Gross

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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

Gross Profit Total Revenue

Air Products 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	Good Will	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	Intangible Assets	Accounts Payable	Current Deferred Revenue
Total Assets		0.95	-0.49	0.83	0.96	0.98	0.76	0.96	0.41	0.98	0.19	0.43	0.61	0.12	-0.71	0.97	0.36	0.71	-0.79	0.97	0.93	0.5	0.06	0.04	0.92	0.59
Short Long Term Debt Total	0.95		-0.41	0.88	0.83	0.95	0.9	0.84	0.21	0.96	0.12	0.24	0.6	0.2	-0.74	0.98	0.49	0.62	-0.82	0.99	0.91	0.34	0.22	0.09	0.88	0.5
Other Current Liab	-0.49	-0.41		-0.28	-0.57	-0.49	-0.25	-0.55	-0.37	-0.46	0.16	-0.39	-0.53	-0.23	0.25	-0.41	-0.48	-0.49	0.38	-0.39	-0.44	-0.4	0.15	-0.22	-0.73	-0.12
Total Current Liabilities	0.83	0.88	-0.28		0.68	0.83	0.89	0.74	-0.02	0.88	0.4	0.0	0.67	0.39	-0.78	0.86	0.57	0.34	-0.88	0.91	0.76	0.18	0.55	0.28	0.77	0.39
Total Stockholder Equity	0.96	0.83	-0.57	0.68		0.94	0.56	0.99	0.58	0.91	0.14	0.59	0.54	-0.01	-0.6	0.88	0.2	0.76	-0.67	0.86	0.89	0.61	-0.13	-0.06	0.88	0.62
Property Plant And Equipment Net	0.98	0.95	-0.49	0.83	0.94		0.81	0.93	0.29	0.99	0.07	0.32	0.58	0.07	-0.72	0.96	0.39	0.69	-0.8	0.95	0.95	0.37	0.06	-0.02	0.93	0.55
Net Debt	0.76	0.9	-0.25	0.89	0.56	0.81		0.59	-0.25	0.85	0.03	-0.21	0.55	0.3	-0.75	0.83	0.64	0.36	-0.83	0.86	0.78	-0.08	0.43	0.17	0.75	0.27
Retained Earnings	0.96	0.84	-0.55	0.74	0.99	0.93	0.59		0.53	0.92	0.24	0.54	0.59	0.07	-0.64	0.89	0.25	0.71	-0.73	0.88	0.86	0.6	-0.03	0.02	0.88	0.6
Cash	0.41	0.21	-0.37	-0.02	0.58	0.29	-0.25	0.53		0.23	0.21	1.0	0.09	-0.22	0.04	0.32	-0.34	0.56	0.03	0.25	0.27	0.91	-0.46	-0.19	0.27	0.5
Non Current Assets Total	0.98	0.96	-0.46	0.88	0.91	0.99	0.85	0.92	0.23		0.12	0.25	0.61	0.14	-0.76	0.97	0.43	0.65	-0.84	0.97	0.94	0.34	0.13	0.05	0.92	0.53
Non Currrent Assets Other	0.19	0.12	0.16	0.4	0.14	0.07	0.03	0.24	0.21	0.12		0.21	0.46	0.52	-0.11	0.21	0.16	-0.03	-0.25	0.26	0.0	0.44	0.52	0.49	0.01	0.14
Cash And Short Term Investments	0.43	0.24	-0.39	0.0	0.59	0.32	-0.21	0.54	1.0	0.25	0.21		0.11	-0.22	0.04	0.35	-0.31	0.6	0.03	0.28	0.31	0.91	-0.45	-0.2	0.3	0.52
Net Receivables	0.61	0.6	-0.53	0.67	0.54	0.58	0.55	0.59	0.09	0.61	0.46	0.11		0.67	-0.3	0.62	0.8	0.45	-0.73	0.65	0.5	0.46	0.45	0.53	0.66	0.16
Good Will	0.12	0.2	-0.23	0.39	-0.01	0.07	0.3	0.07	-0.22	0.14	0.52	-0.22	0.67		-0.28	0.21	0.8	-0.19	-0.5	0.26	-0.07	0.07	0.57	0.97	0.22	-0.41
Common Stock Shares Outstanding	-0.71	-0.74	0.25	-0.78	-0.6	-0.72	-0.75	-0.64	0.04	-0.76	-0.11	0.04	-0.3	-0.28		-0.72	-0.38	-0.09	0.71	-0.75	-0.61	0.05	-0.23	-0.3	-0.68	-0.17
Non Current Liabilities Total	0.97	0.98	-0.41	0.86	0.88	0.96	0.83	0.89	0.32	0.97	0.21	0.35	0.62	0.21	-0.72		0.44	0.66	-0.81	0.99	0.91	0.44	0.14	0.12	0.88	0.54
Inventory	0.36	0.49	-0.48	0.57	0.2	0.39	0.64	0.25	-0.34	0.43	0.16	-0.31	0.8	0.8	-0.38	0.44		0.1	-0.66	0.48	0.3	-0.03	0.54	0.71	0.53	-0.27
Other Current Assets	0.71	0.62	-0.49	0.34	0.76	0.69	0.36	0.71	0.56	0.65	-0.03	0.6	0.45	-0.19	-0.09	0.66	0.1		-0.31	0.6	0.77	0.63	-0.31	-0.32	0.65	0.66
Other Stockholder Equity	-0.79	-0.82	0.38	-0.88	-0.67	-0.8	-0.83	-0.73	0.03	-0.84	-0.25	0.03	-0.73	-0.5	0.71	-0.81	-0.66	-0.31		-0.85	-0.66	-0.18	-0.43	-0.41	-0.76	-0.25
Total Liab	0.97	0.99	-0.39	0.91	0.86	0.95	0.86	0.88	0.25	0.97	0.26	0.28	0.65	0.26	-0.75	0.99	0.48	0.6	-0.85		0.9	0.39	0.24	0.16	0.88	0.52
Property Plant And Equipment Gross	0.93	0.91	-0.44	0.76	0.89	0.95	0.78	0.86	0.27	0.94	0.0	0.31	0.5	-0.07	-0.61	0.91	0.3	0.77	-0.66	0.9		0.35	-0.03	-0.18	0.89	0.64
Total Current Assets	0.5	0.34	-0.4	0.18	0.61	0.37	-0.08	0.6	0.91	0.34	0.44	0.91	0.46	0.07	0.05	0.44	-0.03	0.63	-0.18	0.39	0.35		-0.19	0.02	0.36	0.5
Short Term Debt	0.06	0.22	0.15	0.55	-0.13	0.06	0.43	-0.03	-0.46	0.13	0.52	-0.45	0.45	0.57	-0.23	0.14	0.54	-0.31	-0.43	0.24	-0.03	-0.19		0.48	0.01	-0.19
Intangible Assets	0.04	0.09	-0.22	0.28	-0.06	-0.02	0.17	0.02	-0.19	0.05	0.49	-0.2	0.53	0.97	-0.3	0.12	0.71	-0.32	-0.41	0.16	-0.18	0.02	0.48		0.14	-0.52
Accounts Payable	0.92	0.88	-0.73	0.77	0.88	0.93	0.75	0.88	0.27	0.92	0.01	0.3	0.66	0.22	-0.68	0.88	0.53	0.65	-0.76	0.88	0.89	0.36	0.01	0.14		0.44
Current Deferred Revenue	0.59	0.5	-0.12	0.39	0.62	0.55	0.27	0.6	0.5	0.53	0.14	0.52	0.16	-0.41	-0.17	0.54	-0.27	0.66	-0.25	0.52	0.64	0.5	-0.19	-0.52	0.44

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Air Products Account Relationship Matchups

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	306.3M

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.

Moving together with Air Stock

0.76

Dupont De Nemours Earnings Call This Week

Pair Corr

Moving against Air Stock

0.43

WDFC

WD 40 Company Financial Report 8th of July 2024

Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Air Products is a strong investment it is important to analyze Air Products' 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 Air Products' future performance. For an informed investment choice regarding Air Stock, refer to the following important reports:

How To Invest In Air

Details

Is Air Stock a good investment?

Details

What is Air Products' Net Worth?

Details

Largest Industrial Gases Companies

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Largest Specialty Chemicals Companies

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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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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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

0.305

Dividend Share

7.02

Earnings Share

11.06

Revenue Per Share

54.644

Quarterly Revenue Growth

(0.08)

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.

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Air Property Plant And Equipment Gross vs Total Current Assets Analysis

Property Plant And Equipment Gross vs Total Current Assets

Property Plant And Equipment Gross vs Total Current Assets Correlation Analysis

Correlation Coefficient

Property Plant And Equipment Gross

Total Current Assets

Air Products fundamental ratios Correlations

Air Products Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Air Products fundamental ratios Accounts

Pair Trading with Air Products

Moving together with Air Stock

Moving against Air Stock

Complementary Tools for Air Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.98	Total Assets

Other Stockholder Equity	- 0.88	Total Current Liabilities
Total Liab	- 0.85	Other Stockholder Equity
Other Stockholder Equity	- 0.84	Non Current Assets Total
Other Stockholder Equity	- 0.83	Net Debt
Other Stockholder Equity	- 0.82	Short Long Term Debt Total
Other Stockholder Equity	- 0.81	Non Current Liabilities Total