Autoliv Total Current Liabilities vs Total Assets Analysis
ALV Stock | USD 125.83 3.79 3.11% |
Autoliv financial indicator trend analysis is way more than just evaluating Autoliv prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Autoliv is a good investment. Please check the relationship between Autoliv Total Current Liabilities and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Autoliv. 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 more information on how to buy Autoliv Stock please use our How to Invest in Autoliv guide.
Total Current Liabilities vs Total Assets
Total Current Liabilities vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Autoliv Total Current Liabilities account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Autoliv's Total Current Liabilities and Total Assets is 0.76. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Assets in the same time period over historical financial statements of Autoliv, assuming nothing else is changed. The correlation between historical values of Autoliv's Total Current Liabilities and Total 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 Total Current Liabilities of Autoliv are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Liabilities i.e., Autoliv's Total Current Liabilities and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Autoliv balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Autoliv are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Assets
Total assets refers to the total amount of Autoliv assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Autoliv books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Autoliv's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Autoliv 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 Autoliv. 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 more information on how to buy Autoliv Stock please use our How to Invest in Autoliv guide.Tax Provision is likely to climb to about 148 M in 2024, whereas Selling General Administrative is likely to drop slightly above 360.1 M in 2024.
2021 | 2023 | 2024 (projected) | Interest Expense | 60M | 93M | 67.1M | Depreciation And Amortization | 393M | 378M | 342.6M |
Autoliv fundamental ratios Correlations
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Autoliv Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Autoliv fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.8B | 8.2B | 7.5B | 7.7B | 8.3B | 6.6B | |
Short Long Term Debt Total | 2.3B | 2.6B | 2.1B | 1.9B | 2.0B | 1.5B | |
Other Current Liab | 1.1B | 1.6B | 297M | 1.2B | 1.4B | 728.4M | |
Total Current Liabilities | 2.4B | 3.1B | 2.8B | 3.6B | 4.0B | 2.2B | |
Total Stockholder Equity | 2.1B | 2.4B | 2.6B | 2.6B | 2.6B | 2.9B | |
Property Plant And Equipment Net | 2.0B | 2.0B | 2.0B | 2.1B | 2.4B | 1.5B | |
Net Debt | 1.8B | 1.4B | 1.2B | 1.3B | 1.5B | 837.3M | |
Retained Earnings | 2.3B | 2.5B | 2.7B | 2.3B | 2.3B | 1.9B | |
Accounts Payable | 950.6M | 1.3B | 1.1B | 1.7B | 2.0B | 1.0B | |
Cash | 444.7M | 1.2B | 969M | 594M | 498M | 624.6M | |
Non Current Assets Total | 3.8B | 3.9B | 3.9B | 4.0B | 4.4B | 3.6B | |
Non Currrent Assets Other | (244.6M) | (281.1M) | (271M) | (289M) | 64M | 35.9M | |
Cash And Short Term Investments | 444.7M | 1.2B | 969M | 594M | 498M | 624.6M | |
Net Receivables | 1.6B | 1.8B | 1.7B | 1.9B | 2.3B | 1.5B | |
Good Will | 1.4B | 1.4B | 1.4B | 1.4B | 1.4B | 1.2B | |
Common Stock Shares Outstanding | 87.3M | 87.4M | 87.5M | 87.2M | 85.2M | 72.8M | |
Liabilities And Stockholders Equity | 6.8B | 8.2B | 7.5B | 7.7B | 8.3B | 6.6B | |
Non Current Liabilities Total | 2.2B | 2.6B | 2.1B | 1.4B | 1.7B | 1.4B | |
Inventory | 740.9M | 798.3M | 777M | 969M | 1.0B | 649.7M | |
Other Current Assets | 189.8M | 470.9M | 66M | 84M | 206M | 162.6M | |
Other Stockholder Equity | 171.8M | 181.9M | 196M | 734M | 676M | 939.5M | |
Total Liab | 4.6B | 5.7B | 4.9B | 5.1B | 5.8B | 3.7B | |
Property Plant And Equipment Gross | 2.0B | 2.0B | 2.0B | 2.1B | 6.5B | 6.8B | |
Total Current Assets | 3.0B | 4.3B | 3.7B | 3.7B | 4.0B | 3.0B | |
Accumulated Other Comprehensive Income | (448.9M) | (346.9M) | (408M) | (522M) | (496M) | (520.8M) | |
Short Term Debt | 405.9M | 339.1M | 384M | 750M | 577M | 308.4M | |
Intangible Assets | 22.3M | 13.6M | 8M | 7M | 6.3M | 6.0M | |
Other Liab | 393.1M | 373.9M | 312M | 276M | 317.4M | 304.1M | |
Long Term Debt | 1.7B | 2.1B | 1.7B | 1.1B | 1.3B | 1.2B | |
Treasury Stock | (1.2B) | (1.1B) | (1.1B) | (379M) | (341.1M) | (358.2M) | |
Property Plant Equipment | 1.8B | 1.9B | 2.0B | 2.1B | 2.4B | 1.5B | |
Other Assets | 311M | 377.8M | 607M | (1M) | (1.2M) | (1.1M) | |
Net Tangible Assets | 699M | 997.2M | 1.2B | 1.2B | 1.1B | 1.2B | |
Noncontrolling Interest In Consolidated Entity | 13.1M | 13.2M | 14.2M | 13M | 15.0M | 14.2M | |
Retained Earnings Total Equity | 2.3B | 2.5B | 2.7B | 2.3B | 2.7B | 2.9B | |
Short Term Investments | (407.9M) | (311M) | (470M) | (1M) | (900K) | (945K) |
Pair Trading with Autoliv
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 Autoliv 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 Autoliv will appreciate offsetting losses from the drop in the long position's value.Moving together with Autoliv Stock
0.76 | BWA | BorgWarner Sell-off Trend | PairCorr |
Moving against Autoliv Stock
0.64 | LL | LL Flooring Holdings | PairCorr |
0.58 | LCID | Lucid Group Aggressive Push | PairCorr |
0.56 | VFSWW | VinFast Auto | PairCorr |
0.56 | RIVN | Rivian Automotive | PairCorr |
0.53 | KNDI | Kandi Technologies | PairCorr |
The ability to find closely correlated positions to Autoliv could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autoliv 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 Autoliv - 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 Autoliv to buy it.
The correlation of Autoliv 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 Autoliv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Autoliv 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 Autoliv 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 Autoliv. 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 more information on how to buy Autoliv Stock please use our How to Invest in Autoliv guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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When running Autoliv's price analysis, check to measure Autoliv'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 Autoliv is operating at the current time. Most of Autoliv's value examination focuses on studying past and present price action to predict the probability of Autoliv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Autoliv's price. Additionally, you may evaluate how the addition of Autoliv to your portfolios can decrease your overall portfolio volatility.
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Is Autoliv'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 Autoliv. If investors know Autoliv 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 Autoliv 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 0.769 | Dividend Share 2.68 | Earnings Share 6.38 | Revenue Per Share 126.08 | Quarterly Revenue Growth 0.049 |
The market value of Autoliv is measured differently than its book value, which is the value of Autoliv that is recorded on the company's balance sheet. Investors also form their own opinion of Autoliv's value that differs from its market value or its book value, called intrinsic value, which is Autoliv'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 Autoliv's market value can be influenced by many factors that don't directly affect Autoliv'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 Autoliv's value and its price as these two are different measures arrived at by different means. Investors typically determine if Autoliv is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Autoliv'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.