Ally Intangible Assets vs Total Current Liabilities Analysis

ALLY Stock  USD 39.49  0.07  0.18%   
Ally Financial financial indicator trend analysis is way more than just evaluating Ally Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ally Financial is a good investment. Please check the relationship between Ally Financial Intangible Assets and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ally Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Ally Stock please use our How to Invest in Ally Financial guide.

Intangible Assets vs Total Current Liabilities

Intangible Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ally Financial Intangible Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ally Financial's Intangible Assets and Total Current Liabilities is 0.92. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Ally Financial, assuming nothing else is changed. The correlation between historical values of Ally Financial's Intangible Assets 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 Intangible Assets of Ally Financial 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 Intangible Assets i.e., Ally Financial's Intangible Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Total Current Liabilities

Total Current Liabilities is an item on Ally Financial balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ally Financial 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 Ally Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ally Financial 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 Ally Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Ally Stock please use our How to Invest in Ally Financial guide.At this time, Ally Financial's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.45 in 2024, despite the fact that Discontinued Operations is likely to grow to (855 K).
 2021 2023 2024 (projected)
Interest Expense1.9B6.9B5.2B
Depreciation And Amortization570M1.3B1.2B

Ally Financial fundamental ratios Correlations

-0.14-0.02-0.7-0.630.31-0.46-0.05-0.94-0.40.01-0.270.65-0.05-0.31-0.19-0.49-0.83-0.680.83-0.250.20.480.370.060.0
-0.14-0.55-0.45-0.50.37-0.74-0.580.00.1-0.020.160.53-0.060.070.99-0.67-0.3-0.290.250.170.360.64-0.530.63-0.42
-0.02-0.550.610.670.140.620.99-0.060.210.07-0.39-0.59-0.090.66-0.60.680.240.7-0.290.5-0.17-0.490.89-0.810.88
-0.7-0.450.610.98-0.360.820.650.70.180.180.16-0.94-0.150.44-0.410.820.870.93-0.890.3-0.42-0.870.24-0.570.47
-0.63-0.50.670.98-0.410.810.70.650.210.040.11-0.93-0.020.44-0.460.830.830.92-0.820.3-0.44-0.810.31-0.690.5
0.310.370.14-0.36-0.41-0.320.07-0.470.210.05-0.460.31-0.030.560.22-0.24-0.42-0.10.380.590.480.420.310.170.3
-0.46-0.740.620.820.81-0.320.650.510.140.01-0.12-0.820.050.29-0.720.980.680.7-0.660.2-0.4-0.790.41-0.620.51
-0.05-0.580.990.650.70.070.65-0.020.160.07-0.37-0.62-0.090.61-0.620.70.270.7-0.330.47-0.28-0.520.87-0.840.88
-0.940.0-0.060.70.65-0.470.51-0.020.3-0.060.37-0.690.120.140.070.50.880.63-0.860.09-0.33-0.53-0.46-0.09-0.08
-0.40.10.210.180.210.210.140.160.3-0.5-0.25-0.350.540.580.070.280.350.47-0.260.380.490.04-0.01-0.270.21
0.01-0.020.070.180.040.050.010.07-0.06-0.50.27-0.05-0.95-0.08-0.03-0.050.060.06-0.23-0.11-0.15-0.470.050.330.12
-0.270.16-0.390.160.11-0.46-0.12-0.370.37-0.250.27-0.09-0.2-0.310.25-0.180.350.03-0.3-0.29-0.12-0.25-0.550.34-0.38
0.650.53-0.59-0.94-0.930.31-0.82-0.62-0.69-0.35-0.05-0.090.01-0.490.5-0.81-0.9-0.90.91-0.360.320.83-0.230.63-0.46
-0.05-0.06-0.09-0.15-0.02-0.030.05-0.090.120.54-0.95-0.20.010.05-0.060.120.02-0.040.190.040.150.36-0.1-0.26-0.08
-0.310.070.660.440.440.560.290.610.140.58-0.08-0.31-0.490.05-0.020.390.30.7-0.350.920.23-0.150.49-0.480.64
-0.190.99-0.6-0.41-0.460.22-0.72-0.620.070.07-0.030.250.5-0.06-0.02-0.66-0.24-0.280.20.080.290.61-0.610.63-0.5
-0.49-0.670.680.820.83-0.240.980.70.50.28-0.05-0.18-0.810.120.39-0.660.670.76-0.640.25-0.31-0.740.45-0.640.58
-0.83-0.30.240.870.83-0.420.680.270.880.350.060.35-0.90.020.3-0.240.670.81-0.940.17-0.21-0.8-0.17-0.30.11
-0.68-0.290.70.930.92-0.10.70.70.630.470.060.03-0.9-0.040.7-0.280.760.81-0.820.5-0.19-0.710.31-0.610.6
0.830.25-0.29-0.89-0.820.38-0.66-0.33-0.86-0.26-0.23-0.30.910.19-0.350.2-0.64-0.94-0.82-0.250.350.80.110.32-0.23
-0.250.170.50.30.30.590.20.470.090.38-0.11-0.29-0.360.040.920.080.250.170.5-0.250.11-0.010.44-0.390.5
0.20.36-0.17-0.42-0.440.48-0.4-0.28-0.330.49-0.15-0.120.320.150.230.29-0.31-0.21-0.190.350.110.37-0.090.28-0.27
0.480.64-0.49-0.87-0.810.42-0.79-0.52-0.530.04-0.47-0.250.830.36-0.150.61-0.74-0.8-0.710.8-0.010.37-0.20.37-0.35
0.37-0.530.890.240.310.310.410.87-0.46-0.010.05-0.55-0.23-0.10.49-0.610.45-0.170.310.110.44-0.09-0.2-0.690.8
0.060.63-0.81-0.57-0.690.17-0.62-0.84-0.09-0.270.330.340.63-0.26-0.480.63-0.64-0.3-0.610.32-0.390.280.37-0.69-0.66
0.0-0.420.880.470.50.30.510.88-0.080.210.12-0.38-0.46-0.080.64-0.50.580.110.6-0.230.5-0.27-0.350.8-0.66
Click cells to compare fundamentals

Ally Financial Account Relationship Matchups

Ally Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding395.4M377.1M365.2M318.6M305.1M372.3M
Total Assets180.6B182.2B182.4B191.8B196.4B160.3B
Short Long Term Debt Total39.6B24.1B20.3B20.2B20.2B19.2B
Other Current Liab(3.3B)(3.2B)(210M)(3.2B)(7.4B)(7.0B)
Total Current Liabilities6.2B2.5B210M2.7B7.4B7.0B
Total Stockholder Equity14.4B14.7B17.1B12.9B13.8B13.2B
Property Plant And Equipment Net8.9B9.6B10.9B10.4B10.5B15.0B
Net Debt36.0B8.5B12.0B14.6B13.3B12.6B
Retained Earnings(4.1B)(4.3B)(1.6B)(384M)154M146.3M
Accounts Payable641M1.0B210M843M1.4B2.1B
Non Current Assets Total41.8B42.2B47.7B43.2B11.3B10.7B
Non Currrent Assets Other(58M)(94M)(2.2B)(554M)(11.3B)(11.8B)
Common Stock Total Equity21.4B21.5B21.7B21.8B25.1B16.6B
Liabilities And Stockholders Equity180.6B182.2B182.4B191.8B196.4B160.3B
Non Current Liabilities Total37.4B25.5B17.2B2.7B182.6B191.8B
Other Current Assets5.5B17.9B6.4B7.2B10.5B10.0B
Total Liab166.2B167.5B165.3B179.0B182.6B147.2B
Property Plant And Equipment Gross9.5B10.4B10.9B10.4B13.3B14.6B
Total Current Assets34.5B48.0B39.2B32.2B31.4B54.0B
Accumulated Other Comprehensive Income123M631M(158M)(4.1B)(3.8B)(3.6B)
Intangible Assets69M50M129M98M73M69.4M
Other Liab4.2B3.4B3.5B5.1B4.6B4.3B
Cash3.6B15.6B5.1B5.6B6.9B8.5B
Other Assets104.4B92.0B95.5B116.5B153.7B116.6B
Long Term Debt34.0B22.0B17.0B17.8B17.6B16.7B
Short Term Investments28.4B29.7B33.4B25.6B24.4B16.7B
Inventory(5.5B)(17.9B)(6.4B)(7.2B)(11.7B)(11.1B)
Property Plant Equipment8.9B9.6B10.9B10.4B9.4B14.9B
Other Stockholder Equity(3.1B)(3.2B)(5.2B)(6.8B)(6.9B)(6.5B)
Current Deferred Revenue3.3B3.4B3.5B169M3.5B2.3B
Cash And Short Term Investments31.9B45.3B38.4B31.2B31.4B22.2B
Net Receivables2.6B2.7B727M950M1.1B1.7B
Short Term Debt5.5B2.1B3.3B2.4B2.6B2.4B
Retained Earnings Total Equity(4.1B)(4.3B)(1.6B)(384M)(441.6M)(463.7M)
Deferred Long Term Liab1.8B1.9B2.0B1.9B2.2B1.3B
Treasury Stock(3.1B)(3.2B)(5.2B)(6.8B)(6.2B)(5.8B)
Net Tangible Assets14.4B14.7B14.7B10.5B9.5B11.4B

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