Autoliv Income Tax Expense vs Non Recurring Analysis

ALV Stock  USD 99.21  1.36  1.39%   
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 Income Tax Expense and its Non Recurring 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 closely tied 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.

Income Tax Expense vs Non Recurring

Income Tax Expense vs Non Recurring Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Autoliv Income Tax Expense account and Non Recurring. At this time, the significance of the direction appears to have very week relationship.
The correlation between Autoliv's Income Tax Expense and Non Recurring is 0.27. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Non Recurring in the same time period over historical financial statements of Autoliv, assuming nothing else is changed. The correlation between historical values of Autoliv's Income Tax Expense and Non Recurring is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Autoliv are associated (or correlated) with its Non Recurring. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Recurring has no effect on the direction of Income Tax Expense i.e., Autoliv's Income Tax Expense and Non Recurring go up and down completely randomly.

Correlation Coefficient

0.27
Relationship DirectionPositive 
Relationship StrengthVery Weak

Income Tax Expense

Non Recurring

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 closely tied 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.At this time, Autoliv's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 10.57 in 2024, despite the fact that Discontinued Operations is likely to grow to (165.7 M).
 2021 2023 2024 (projected)
Interest Expense60M93M67.1M
Depreciation And Amortization394M378M343.2M

Autoliv fundamental ratios Correlations

0.50.780.760.430.790.140.830.780.560.9-0.410.560.980.2-0.14-0.50.580.90.71-0.830.790.260.960.1-0.78
0.50.770.66-0.540.780.860.090.35-0.010.59-0.41-0.010.46-0.48-0.17-0.540.920.590.67-0.640.90.280.390.5-0.4
0.780.770.73-0.050.840.520.470.550.280.8-0.60.280.74-0.09-0.09-0.420.790.740.81-0.710.880.230.690.25-0.46
0.760.660.73-0.090.910.550.330.910.020.82-0.20.020.81-0.28-0.46-0.50.490.930.69-0.550.890.460.650.67-0.63
0.43-0.54-0.05-0.09-0.13-0.810.770.220.690.18-0.070.690.410.730.190.06-0.310.16-0.02-0.21-0.22-0.140.53-0.58-0.35
0.790.780.840.91-0.130.670.380.770.00.92-0.360.00.81-0.3-0.36-0.570.70.910.69-0.670.940.440.630.52-0.61
0.140.860.520.55-0.810.67-0.310.23-0.510.42-0.16-0.510.17-0.7-0.35-0.470.670.40.37-0.280.70.38-0.040.69-0.11
0.830.090.470.330.770.38-0.310.460.780.61-0.430.780.80.60.23-0.240.310.60.38-0.770.37-0.090.89-0.31-0.69
0.780.350.550.910.220.770.230.460.150.78-0.020.150.85-0.07-0.53-0.410.240.910.54-0.440.70.480.70.46-0.64
0.56-0.010.280.020.690.0-0.510.780.150.17-0.371.00.440.580.40.010.240.210.41-0.540.14-0.290.74-0.51-0.45
0.90.590.80.820.180.920.420.610.780.17-0.330.170.91-0.01-0.34-0.610.60.910.59-0.70.830.450.740.27-0.63
-0.41-0.41-0.6-0.2-0.07-0.36-0.16-0.43-0.02-0.37-0.33-0.37-0.31-0.21-0.55-0.09-0.5-0.3-0.480.55-0.390.52-0.410.00.23
0.56-0.010.280.020.690.0-0.510.780.151.00.17-0.370.440.580.40.010.240.210.41-0.540.14-0.290.74-0.51-0.45
0.980.460.740.810.410.810.170.80.850.440.91-0.310.440.17-0.22-0.510.50.940.65-0.80.780.320.920.19-0.79
0.2-0.48-0.09-0.280.73-0.3-0.70.6-0.070.58-0.01-0.210.580.170.560.45-0.24-0.09-0.22-0.12-0.3-0.540.3-0.620.07
-0.14-0.17-0.09-0.460.19-0.36-0.350.23-0.530.4-0.34-0.550.4-0.220.560.640.02-0.35-0.07-0.18-0.28-0.930.0-0.450.17
-0.5-0.54-0.42-0.50.06-0.57-0.47-0.24-0.410.01-0.61-0.090.01-0.510.450.64-0.51-0.56-0.350.49-0.58-0.77-0.39-0.290.6
0.580.920.790.49-0.310.70.670.310.240.240.6-0.50.240.5-0.240.02-0.510.530.67-0.770.830.170.520.15-0.43
0.90.590.740.930.160.910.40.60.910.210.91-0.30.210.94-0.09-0.35-0.560.530.65-0.740.870.390.810.47-0.79
0.710.670.810.69-0.020.690.370.380.540.410.59-0.480.410.65-0.22-0.07-0.350.670.65-0.620.790.180.720.27-0.58
-0.83-0.64-0.71-0.55-0.21-0.67-0.28-0.77-0.44-0.54-0.70.55-0.54-0.8-0.12-0.180.49-0.77-0.74-0.62-0.75-0.03-0.83-0.080.8
0.790.90.880.89-0.220.940.70.370.70.140.83-0.390.140.78-0.3-0.28-0.580.830.870.79-0.750.380.680.51-0.62
0.260.280.230.46-0.140.440.38-0.090.48-0.290.450.52-0.290.32-0.54-0.93-0.770.170.390.18-0.030.380.120.32-0.3
0.960.390.690.650.530.63-0.040.890.70.740.74-0.410.740.920.30.0-0.390.520.810.72-0.830.680.12-0.02-0.8
0.10.50.250.67-0.580.520.69-0.310.46-0.510.270.0-0.510.19-0.62-0.45-0.290.150.470.27-0.080.510.32-0.02-0.25
-0.78-0.4-0.46-0.63-0.35-0.61-0.11-0.69-0.64-0.45-0.630.23-0.45-0.790.070.170.6-0.43-0.79-0.580.8-0.62-0.3-0.8-0.25
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Autoliv Account Relationship Matchups

Autoliv fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.8B8.2B7.5B7.7B8.3B6.6B
Short Long Term Debt Total2.3B2.6B2.1B1.9B2.0B1.5B
Other Current Liab1.1B1.5B1.2B1.1B1.4B760.4M
Total Current Liabilities2.4B3.1B2.8B3.6B4.0B2.2B
Total Stockholder Equity2.1B2.4B2.6B2.6B2.6B2.9B
Property Plant And Equipment Net2.0B2.0B2.0B2.1B2.4B1.5B
Net Debt1.8B1.4B1.2B1.3B1.5B837.3M
Retained Earnings2.3B2.5B2.7B2.3B2.3B1.9B
Accounts Payable950.6M1.2B1.1B1.7B2.0B1.0B
Cash444.7M1.2B969M594M498M624.6M
Non Current Assets Total3.8B3.9B3.9B4.0B4.4B3.6B
Non Currrent Assets Other(244.6M)(281.1M)(271M)(289M)161M169.1M
Cash And Short Term Investments444.7M1.2B969M594M498M624.6M
Net Receivables1.6B1.9B1.7B1.9B2.2B1.5B
Good Will1.4B1.4B1.4B1.4B1.4B1.2B
Common Stock Shares Outstanding87.3M87.4M87.5M87.2M85.2M72.8M
Liabilities And Stockholders Equity6.8B8.2B7.5B7.7B8.3B6.6B
Non Current Liabilities Total2.2B2.6B2.1B1.4B1.7B1.4B
Inventory740.9M798.3M777M969M1.0B649.7M
Other Current Assets189.8M426.7M230M244M266M176.4M
Other Stockholder Equity171.8M181.9M196M734M676M939.5M
Total Liab4.6B5.7B4.9B5.1B5.8B3.7B
Property Plant And Equipment Gross2.0B2.0B2.0B2.1B6.5B6.8B
Total Current Assets3.0B4.3B3.7B3.7B4.0B3.0B
Accumulated Other Comprehensive Income(448.9M)(346.9M)(408M)(522M)(496M)(520.8M)
Short Term Debt405.9M339M384M750M577M308.4M
Intangible Assets22.3M13.6M8M7M6.3M6.0M
Other Liab393.1M373.9M312M276M317.4M304.1M
Long Term Debt1.7B2.1B1.7B1.1B1.3B1.2B
Treasury Stock(1.2B)(1.1B)(1.1B)(379M)(341.1M)(358.2M)
Property Plant Equipment1.8B1.9B2.0B2.1B2.4B1.5B
Other Assets311M377.8M607M(1M)(1.2M)(1.1M)
Net Tangible Assets699M997.2M1.2B1.2B1.1B1.2B
Noncontrolling Interest In Consolidated Entity13.1M13.2M14.2M13M15.0M14.2M
Retained Earnings Total Equity2.3B2.5B2.7B2.3B2.7B2.9B
Short Term Investments(407.9M)(311M)(470M)(1M)(97M)(101.9M)

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