Fifth Cash vs Non Currrent Assets Other Analysis

Fifth Third financial indicator trend analysis is much more than just examining Fifth Third Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fifth Third Bancorp is a good investment. Please check the relationship between Fifth Third Cash and its Non Currrent Assets Other accounts. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Cash vs Non Currrent Assets Other

Cash vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fifth Third Bancorp Cash account and Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Fifth Third's Cash and Non Currrent Assets Other is -0.36. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Fifth Third Bancorp, assuming nothing else is changed. The correlation between historical values of Fifth Third's Cash and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Fifth Third Bancorp are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash i.e., Fifth Third's Cash and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.36
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cash

Cash refers to the most liquid asset of Fifth Third Bancorp, which is listed under current asset account on Fifth Third Bancorp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Fifth Third customers. The amounts must be unrestricted with restricted cash listed in a different Fifth Third account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Fifth Third's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fifth Third Bancorp 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At present, Fifth Third's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 13.48, whereas Selling General Administrative is forecasted to decline to about 1.5 B.
 2021 2022 2023 2024 (projected)
Other Operating Expenses4.3B4.2B3.8B2.0B
Interest Expense441M978M3.9B4.1B

Fifth Third fundamental ratios Correlations

0.30.59-0.09-0.170.520.90.540.080.68-0.12-0.240.390.160.56-0.160.380.280.090.390.190.810.810.620.00.28
0.30.67-0.050.480.760.550.620.960.740.76-0.49-0.10.450.60.51-0.671.00.520.090.710.720.72-0.060.060.68
0.590.670.010.10.760.790.990.620.760.29-0.270.230.40.590.13-0.350.660.440.310.390.870.87-0.14-0.270.87
-0.09-0.050.01-0.120.03-0.110.010.08-0.01-0.10.380.770.06-0.03-0.09-0.32-0.050.61-0.33-0.160.050.05-0.21-0.10.14
-0.170.480.1-0.12-0.06-0.010.120.550.010.92-0.04-0.57-0.50.641.0-0.40.5-0.240.150.910.160.16-0.3-0.170.21
0.520.760.760.03-0.060.760.710.670.870.26-0.650.240.720.35-0.01-0.430.740.67-0.090.270.820.820.110.120.73
0.90.550.79-0.11-0.010.760.730.370.880.13-0.360.260.320.590.010.070.540.270.270.360.940.940.38-0.070.56
0.540.620.990.010.120.710.730.590.680.28-0.240.210.350.580.14-0.340.610.410.330.370.830.83-0.2-0.30.87
0.080.960.620.080.550.670.370.590.630.8-0.36-0.10.390.530.57-0.840.960.550.040.690.60.6-0.31-0.020.7
0.680.740.76-0.010.010.870.880.680.630.26-0.360.280.530.460.04-0.260.730.520.070.370.880.880.23-0.030.65
-0.120.760.29-0.10.920.260.130.280.80.26-0.26-0.5-0.130.620.93-0.630.770.080.050.920.330.34-0.28-0.050.42
-0.24-0.49-0.270.38-0.04-0.65-0.36-0.24-0.36-0.36-0.260.29-0.5-0.21-0.080.17-0.47-0.210.29-0.24-0.36-0.37-0.35-0.38-0.36
0.39-0.10.230.77-0.570.240.260.21-0.10.28-0.50.290.29-0.05-0.550.05-0.120.58-0.08-0.410.290.290.14-0.040.15
0.160.450.40.06-0.50.720.320.350.390.53-0.13-0.50.29-0.27-0.47-0.390.430.79-0.2-0.290.330.320.090.250.4
0.560.60.59-0.030.640.350.590.580.530.460.62-0.21-0.05-0.270.66-0.130.6-0.060.320.830.730.730.12-0.120.52
-0.160.510.13-0.091.0-0.010.010.140.570.040.93-0.08-0.55-0.470.66-0.430.53-0.20.090.920.190.19-0.29-0.170.27
0.38-0.67-0.35-0.32-0.4-0.430.07-0.34-0.84-0.26-0.630.170.05-0.39-0.13-0.43-0.67-0.640.2-0.37-0.2-0.20.62-0.01-0.56
0.281.00.66-0.050.50.740.540.610.960.730.77-0.47-0.120.430.60.53-0.670.510.10.720.710.71-0.080.050.67
0.090.520.440.61-0.240.670.270.410.550.520.08-0.210.580.79-0.06-0.2-0.640.51-0.29-0.090.410.41-0.140.10.52
0.390.090.31-0.330.15-0.090.270.330.040.070.050.29-0.08-0.20.320.090.20.1-0.290.190.260.270.01-0.18-0.13
0.190.710.39-0.160.910.270.360.370.690.370.92-0.24-0.41-0.290.830.92-0.370.72-0.090.190.50.51-0.09-0.20.43
0.810.720.870.050.160.820.940.830.60.880.33-0.360.290.330.730.19-0.20.710.410.260.51.00.2-0.070.7
0.810.720.870.050.160.820.940.830.60.880.34-0.370.290.320.730.19-0.20.710.410.270.511.00.2-0.070.71
0.62-0.06-0.14-0.21-0.30.110.38-0.2-0.310.23-0.28-0.350.140.090.12-0.290.62-0.08-0.140.01-0.090.20.20.41-0.3
0.00.06-0.27-0.1-0.170.12-0.07-0.3-0.02-0.03-0.05-0.38-0.040.25-0.12-0.17-0.010.050.1-0.18-0.2-0.07-0.070.41-0.27
0.280.680.870.140.210.730.560.870.70.650.42-0.360.150.40.520.27-0.560.670.52-0.130.430.70.71-0.3-0.27
Click cells to compare fundamentals

Fifth Third Account Relationship Matchups

Fifth Third fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding720.1M719.7M711.2M695.0M687.7M606.5M
Total Assets169.4B204.7B211.1B207.5B214.6B225.3B
Short Long Term Debt Total16.0B16.2B12.8B18.6B18.9B12.4B
Other Current Liab(1.0B)(39M)(980M)(4.8B)(2.5B)(2.4B)
Total Current Liabilities1.0B1.2B980M4.3B95.6B100.4B
Total Stockholder Equity21.2B23.1B22.2B17.3B19.2B11.0B
Property Plant And Equipment Net2.8B2.9B2.7B2.8B3.3B1.9B
Net Debt12.7B13.0B9.8B15.1B15.8B10.1B
Retained Earnings18.3B18.4B20.2B21.7B23.0B24.1B
Cash3.3B3.1B3.0B3.5B3.1B2.3B
Non Current Assets Total47.1B79.7B82.1B72.0B185.5B194.8B
Non Currrent Assets Other(47.1B)(79.7B)(82.1B)1.8B(38.3B)(36.4B)
Other Assets77.6B48.0B50.3B66.8B(3.4B)(3.3B)
Cash And Short Term Investments41.3B74.1B75.7B62.4B3.1B3.0B
Net Receivables3.4B2.9B3.1B2.7B5.6B5.9B
Liabilities And Stockholders Equity169.4B204.7B211.1B207.5B214.6B225.3B
Non Current Liabilities Total15.0B15.0B11.8B4.3B195.4B205.2B
Other Stockholder Equity(2.1B)(2.0B)(3.4B)(3.4B)(3.5B)(3.3B)
Total Liab148.2B181.6B188.9B190.1B195.4B205.2B
Total Current Assets44.6B77.0B78.7B68.7B32.5B22.6B
Short Term Debt1.0B39M980M4.8B2.5B3.1B
Accumulated Other Comprehensive Income1.2B2.6B1.2B(5.1B)(4.5B)(4.3B)
Property Plant And Equipment Gross3.3B3.3B2.7B2.8B7.1B7.5B
Other Liab2.4B3.4B4.3B1.5B1.4B2.7B
Accounts Payable2.4B2.6B169.3B1.8B1.6B1.6B
Long Term Debt15.0B15.0B11.8B13.7B16.4B12.7B
Short Term Investments38.0B70.9B72.7B59.9B(47.4B)(45.1B)
Inventory(8.8B)(40.4B)(41.8B)(12.4B)(2.4B)(2.6B)
Treasury Stock(5.7B)(5.7B)(7.0B)(7.1B)(6.4B)(6.1B)
Intangible Assets1.2B795M1.3B1.9B1.9B1.0B
Property Plant Equipment2.8B2.1B2.7B2.2B2.5B2.6B
Good Will4.3B4.3B4.5B4.9B4.9B3.0B
Other Current Assets8.8B40.4B41.8B15.9B29.3B41.1B
Retained Earnings Total Equity18.3B18.4B20.2B21.7B24.9B13.6B
Net Tangible Assets15.0B16.6B15.4B10.1B11.6B13.6B

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