0O76 Good Will vs Total Current Liabilities Analysis

0O76 Stock   10,980  70.00  0.63%   
AP Moeller financial indicator trend analysis is way more than just evaluating AP Moeller Maersk prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AP Moeller Maersk is a good investment. Please check the relationship between AP Moeller Good Will and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AP Moeller Maersk AS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Good Will vs Total Current Liabilities

Good Will vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AP Moeller Maersk Good Will account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between AP Moeller's Good Will and Total Current Liabilities is 0.62. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of AP Moeller Maersk AS, assuming nothing else is changed. The correlation between historical values of AP Moeller's Good Will and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of AP Moeller Maersk AS are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Good Will i.e., AP Moeller's Good Will and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.62
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Total Current Liabilities

Total Current Liabilities is an item on AP Moeller balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AP Moeller Maersk AS 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.
Most indicators from AP Moeller's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AP Moeller Maersk 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 AP Moeller Maersk AS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to gain to about 1.5 B in 2024, whereas Tax Provision is likely to drop slightly above 363.7 M in 2024.
 2019 2020 2023 2024 (projected)
Interest Income754M820M943M695.6M
Tax Provision458M407M468.1M363.7M

AP Moeller fundamental ratios Correlations

0.6-0.380.87-0.57-0.760.81-0.71-0.84-0.67-0.05-0.770.280.170.94-0.79-0.790.89-0.030.83-0.64-0.56-0.72
0.6-0.160.24-0.28-0.320.39-0.49-0.47-0.19-0.64-0.220.170.450.77-0.44-0.530.51-0.010.1-0.3-0.29-0.31
-0.38-0.16-0.440.720.46-0.270.140.690.62-0.070.60.470.21-0.280.820.62-0.64-0.05-0.170.730.760.73
0.870.24-0.44-0.46-0.620.57-0.39-0.8-0.550.36-0.680.190.020.64-0.76-0.550.87-0.150.83-0.58-0.48-0.67
-0.57-0.280.72-0.460.62-0.640.680.840.69-0.120.83-0.19-0.28-0.550.810.72-0.740.34-0.380.981.00.96
-0.76-0.320.46-0.620.62-0.790.650.670.780.170.830.010.07-0.740.660.81-0.62-0.2-0.730.720.590.68
0.810.39-0.270.57-0.64-0.79-0.92-0.67-0.86-0.08-0.860.310.040.86-0.62-0.870.670.110.83-0.64-0.6-0.7
-0.71-0.490.14-0.390.680.65-0.920.590.680.130.74-0.54-0.32-0.820.480.77-0.590.18-0.620.660.630.68
-0.84-0.470.69-0.80.840.67-0.670.590.66-0.150.8-0.2-0.28-0.740.970.73-0.970.25-0.60.880.860.91
-0.67-0.190.62-0.550.690.78-0.860.680.66-0.010.850.130.34-0.660.720.92-0.66-0.3-0.720.690.660.72
-0.05-0.64-0.070.36-0.120.17-0.080.13-0.15-0.01-0.070.29-0.09-0.34-0.080.260.18-0.510.24-0.15-0.14-0.17
-0.77-0.220.6-0.680.830.83-0.860.740.80.85-0.07-0.13-0.06-0.720.80.83-0.750.02-0.760.840.820.91
0.280.170.470.19-0.190.010.31-0.54-0.20.130.29-0.130.730.290.050.070.21-0.710.27-0.18-0.16-0.2
0.170.450.210.02-0.280.070.04-0.32-0.280.34-0.09-0.060.730.26-0.090.120.19-0.69-0.12-0.25-0.29-0.25
0.940.77-0.280.64-0.55-0.740.86-0.82-0.74-0.66-0.34-0.720.290.26-0.69-0.840.770.060.7-0.59-0.53-0.65
-0.79-0.440.82-0.760.810.66-0.620.480.970.72-0.080.80.05-0.09-0.690.78-0.940.06-0.550.840.840.88
-0.79-0.530.62-0.550.720.81-0.870.770.730.920.260.830.070.12-0.840.78-0.74-0.23-0.630.730.70.76
0.890.51-0.640.87-0.74-0.620.67-0.59-0.97-0.660.18-0.750.210.190.77-0.94-0.74-0.240.65-0.8-0.76-0.86
-0.03-0.01-0.05-0.150.34-0.20.110.180.25-0.3-0.510.02-0.71-0.690.060.06-0.23-0.240.120.350.360.32
0.830.1-0.170.83-0.38-0.730.83-0.62-0.6-0.720.24-0.760.27-0.120.7-0.55-0.630.650.12-0.46-0.35-0.56
-0.64-0.30.73-0.580.980.72-0.640.660.880.69-0.150.84-0.18-0.25-0.590.840.73-0.80.35-0.460.970.96
-0.56-0.290.76-0.481.00.59-0.60.630.860.66-0.140.82-0.16-0.29-0.530.840.7-0.760.36-0.350.970.96
-0.72-0.310.73-0.670.960.68-0.70.680.910.72-0.170.91-0.2-0.25-0.650.880.76-0.860.32-0.560.960.96
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AP Moeller Account Relationship Matchups

AP Moeller fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets63.2B56.6B55.4B56.1B50.5B46.8B
Short Long Term Debt Total15.1B9.9B14.8B13.2B11.9B10.6B
Total Current Liabilities9.8B10.1B12.1B13.3B15.3B12.9B
Total Stockholder Equity30.6B32.6B28.1B29.9B26.9B24.4B
Retained Earnings25.1B26.7B41.8B61.6B70.9B37.8B
Other Assets1.3B1.1B752M1.3B1.5B1.1B
Long Term Debt12.8B8.0B7.5B5.9B5.3B7.3B
Cash And Short Term Investments2.2B5.3B4.8B5.9B6.7B4.9B
Net Receivables4.8B4.8B11.5B25.9B29.8B31.3B
Inventory1.4B1.0B1.5B1.6B1.8B1.3B
Other Current Assets192M525M439M267M240.3M228.3M
Other Stockholder Equity(793M)(480M)(792M)(1.0B)(942.3M)(989.4M)
Total Liab32.6B24.0B27.3B26.3B23.6B22.4B
Total Current Assets11.7B12.7B25.8B40.1B46.1B48.4B
Intangible Assets3.6B4.3B3.6B4.2B4.8B4.2B
Property Plant Equipment36.0B34.8B37.2B39.2B45.0B39.4B
Other Current Liab2.3B2.7B3.0B3.2B2.9B2.5B
Other Liab2.0B2.0B2.1B3.0B3.4B2.4B
Net Tangible Assets23.9B24.7B38.7B53.2B61.2B37.1B
Accounts Payable5.6B5.2B6.2B6.8B7.8B6.4B

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