Illinois Income Quality vs Free Cash Flow Per Share Analysis

ITW Stock

USD 258.82 0.71 0.28%

Illinois Tool financial indicator trend analysis is infinitely more than just investigating Illinois Tool Works recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Illinois Tool Works is a good investment. Please check the relationship between Illinois Tool Income Quality and its Free Cash Flow Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illinois Tool Works. 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.

Income Quality vs Free Cash Flow Per Share

Income Quality vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Illinois Tool Works Income Quality account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have very week relationship.

The correlation between Illinois Tool's Income Quality and Free Cash Flow Per Share is 0.28. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Illinois Tool Works, assuming nothing else is changed. The correlation between historical values of Illinois Tool's Income Quality and Free Cash Flow Per Share 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 Quality of Illinois Tool Works are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Income Quality i.e., Illinois Tool's Income Quality and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.28

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from Illinois Tool's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Illinois Tool Works 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illinois Tool Works. 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 this time, Illinois Tool's Discontinued Operations is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 20.27 in 2024, whereas Tax Provision is likely to drop slightly above 691.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	6.0B	6.5B	6.8B	4.1B
Total Revenue	14.5B	15.9B	16.1B	10.8B

Gross Profit Total Revenue

Illinois Tool fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.56	0.37	0.57	0.68	0.89	0.25	0.41	0.65	0.98	0.61	0.65	0.84	0.16	0.58	0.73	0.17	-0.13	0.76	0.97	0.34	0.73	0.91	0.05	0.74	0.74
Short Long Term Debt Total	0.56		0.85	0.58	-0.07	0.68	0.87	0.93	0.36	0.57	0.84	0.36	0.68	-0.6	0.78	0.5	0.2	-0.83	0.82	0.52	0.32	-0.05	0.49	0.46	0.89	0.89
Other Current Liab	0.37	0.85		0.69	-0.16	0.5	0.82	0.89	0.14	0.35	0.81	0.14	0.55	-0.63	0.52	0.49	0.32	-0.84	0.64	0.36	0.51	-0.25	0.38	0.7	0.69	0.7
Total Current Liabilities	0.57	0.58	0.69		0.37	0.6	0.51	0.6	0.2	0.52	0.46	0.2	0.58	-0.05	0.12	0.59	0.13	-0.41	0.45	0.61	0.91	0.2	0.65	0.56	0.65	0.65
Total Stockholder Equity	0.68	-0.07	-0.16	0.37		0.45	-0.34	-0.19	0.52	0.64	0.0	0.52	0.32	0.81	-0.15	0.35	-0.16	0.51	0.04	0.7	0.31	0.92	0.68	-0.19	0.11	0.11
Property Plant And Equipment Net	0.89	0.68	0.5	0.6	0.45		0.55	0.65	0.32	0.94	0.7	0.32	0.97	-0.1	0.67	0.87	0.24	-0.43	0.81	0.78	0.27	0.45	0.92	0.35	0.85	0.85
Net Debt	0.25	0.87	0.82	0.51	-0.34	0.55		0.97	-0.15	0.32	0.75	-0.15	0.6	-0.75	0.63	0.52	0.32	-0.97	0.64	0.14	0.23	-0.39	0.34	0.73	0.73	0.74
Retained Earnings	0.41	0.93	0.89	0.6	-0.19	0.65	0.97		0.02	0.46	0.85	0.02	0.68	-0.68	0.68	0.59	0.35	-0.94	0.72	0.32	0.3	-0.25	0.46	0.72	0.81	0.81
Cash	0.65	0.36	0.14	0.2	0.52	0.32	-0.15	0.02		0.53	0.28	1.0	0.21	0.23	0.36	0.01	-0.21	0.16	0.43	0.76	0.21	0.64	0.34	-0.45	0.39	0.39
Non Current Assets Total	0.98	0.57	0.35	0.52	0.64	0.94	0.32	0.46	0.53		0.63	0.53	0.89	0.12	0.63	0.8	0.22	-0.19	0.77	0.9	0.24	0.69	0.94	0.11	0.75	0.75
Non Currrent Assets Other	0.61	0.84	0.81	0.46	0.0	0.7	0.75	0.85	0.28	0.63		0.28	0.74	-0.54	0.81	0.64	0.53	-0.75	0.83	0.54	0.15	-0.02	0.6	0.48	0.74	0.74
Cash And Short Term Investments	0.65	0.36	0.14	0.2	0.52	0.32	-0.15	0.02	1.0	0.53	0.28		0.21	0.23	0.36	0.01	-0.21	0.16	0.43	0.76	0.21	0.64	0.34	-0.45	0.39	0.39
Net Receivables	0.84	0.68	0.55	0.58	0.32	0.97	0.6	0.68	0.21	0.89	0.74	0.21		-0.23	0.71	0.94	0.4	-0.5	0.86	0.72	0.26	0.35	0.88	0.43	0.85	0.84
Common Stock Shares Outstanding	0.16	-0.6	-0.63	-0.05	0.81	-0.1	-0.75	-0.68	0.23	0.12	-0.54	0.23	-0.23		-0.6	-0.12	-0.36	0.87	-0.51	0.21	0.06	0.74	0.19	-0.45	-0.45	-0.45
Non Current Liabilities Total	0.58	0.78	0.52	0.12	-0.15	0.67	0.63	0.68	0.36	0.63	0.81	0.36	0.71	-0.6		0.51	0.36	-0.64	0.92	0.49	-0.17	0.04	0.44	0.12	0.78	0.78
Inventory	0.73	0.5	0.49	0.59	0.35	0.87	0.52	0.59	0.01	0.8	0.64	0.01	0.94	-0.12	0.51		0.54	-0.41	0.68	0.6	0.28	0.32	0.86	0.56	0.67	0.66
Other Current Assets	0.17	0.2	0.32	0.13	-0.16	0.24	0.32	0.35	-0.21	0.22	0.53	-0.21	0.4	-0.36	0.36	0.54		-0.37	0.38	0.1	-0.05	-0.17	0.29	0.43	0.19	0.19
Other Stockholder Equity	-0.13	-0.83	-0.84	-0.41	0.51	-0.43	-0.97	-0.94	0.16	-0.19	-0.75	0.16	-0.5	0.87	-0.64	-0.41	-0.37		-0.63	-0.05	-0.18	0.54	-0.18	-0.71	-0.67	-0.68
Total Liab	0.76	0.82	0.64	0.45	0.04	0.81	0.64	0.72	0.43	0.77	0.83	0.43	0.86	-0.51	0.92	0.68	0.38	-0.63		0.7	0.19	0.17	0.63	0.24	0.92	0.92
Total Current Assets	0.97	0.52	0.36	0.61	0.7	0.78	0.14	0.32	0.76	0.9	0.54	0.76	0.72	0.21	0.49	0.6	0.1	-0.05	0.7		0.45	0.74	0.83	-0.04	0.69	0.69
Short Term Debt	0.34	0.32	0.51	0.91	0.31	0.27	0.23	0.3	0.21	0.24	0.15	0.21	0.26	0.06	-0.17	0.28	-0.05	-0.18	0.19	0.45		0.14	0.37	0.37	0.4	0.4
Intangible Assets	0.73	-0.05	-0.25	0.2	0.92	0.45	-0.39	-0.25	0.64	0.69	-0.02	0.64	0.35	0.74	0.04	0.32	-0.17	0.54	0.17	0.74	0.14		0.63	-0.4	0.17	0.17
Accounts Payable	0.91	0.49	0.38	0.65	0.68	0.92	0.34	0.46	0.34	0.94	0.6	0.34	0.88	0.19	0.44	0.86	0.29	-0.18	0.63	0.83	0.37	0.63		0.29	0.65	0.65
Property Plant And Equipment Gross	0.05	0.46	0.7	0.56	-0.19	0.35	0.73	0.72	-0.45	0.11	0.48	-0.45	0.43	-0.45	0.12	0.56	0.43	-0.71	0.24	-0.04	0.37	-0.4	0.29		0.38	0.38
Common Stock Total Equity	0.74	0.89	0.69	0.65	0.11	0.85	0.73	0.81	0.39	0.75	0.74	0.39	0.85	-0.45	0.78	0.67	0.19	-0.67	0.92	0.69	0.4	0.17	0.65	0.38		1.0
Common Stock	0.74	0.89	0.7	0.65	0.11	0.85	0.74	0.81	0.39	0.75	0.74	0.39	0.84	-0.45	0.78	0.66	0.19	-0.68	0.92	0.69	0.4	0.17	0.65	0.38	1.0

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Illinois Tool Account Relationship Matchups

Illinois Tool fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.1B	15.6B	16.1B	15.4B	15.5B	11.4B
Short Long Term Debt Total	7.8B	8.1B	7.7B	7.8B	8.4B	8.8B
Other Current Liab	1.5B	1.6B	2.0B	2.1B	2.0B	2.1B
Total Current Liabilities	2.2B	2.6B	3.5B	4.5B	4.7B	4.9B
Total Stockholder Equity	3.0B	3.2B	3.6B	3.1B	3.0B	5.1B
Property Plant And Equipment Net	1.7B	1.8B	1.8B	1.8B	2.2B	1.5B
Net Debt	5.8B	5.6B	6.2B	7.1B	7.3B	7.7B
Retained Earnings	22.4B	23.1B	24.3B	25.8B	27.1B	28.5B
Cash	2.0B	2.6B	1.5B	708M	1.1B	1.1B
Non Current Assets Total	8.8B	9.1B	9.7B	9.2B	9.3B	6.8B
Non Currrent Assets Other	1.2B	1.3B	1.4B	1.2B	1.0B	1.1B
Cash And Short Term Investments	2.0B	2.6B	1.5B	708M	1.1B	1.1B
Net Receivables	2.5B	2.5B	2.8B	3.2B	3.3B	1.9B
Common Stock Shares Outstanding	325.6M	318.3M	316.4M	310.7M	303.6M	371.6M
Liabilities And Stockholders Equity	15.1B	15.6B	16.1B	15.4B	15.5B	11.4B
Non Current Liabilities Total	9.9B	9.8B	9.0B	7.9B	7.8B	4.0B
Inventory	1.2B	1.2B	1.7B	2.1B	1.7B	1.1B
Other Current Assets	296M	2.8B	3.2B	3.5B	212M	201.4M
Other Stockholder Equity	(17.7B)	(18.3B)	(19.2B)	(20.9B)	(22.3B)	(21.2B)
Total Liab	12.0B	12.4B	12.5B	12.3B	12.5B	6.3B
Total Current Assets	6.3B	6.5B	6.4B	6.3B	6.2B	4.6B
Short Term Debt	4M	405M	839M	1.6B	1.9B	2.0B
Intangible Assets	851M	781M	972M	768M	657M	624.2M
Accounts Payable	472M	534M	585M	594M	581M	511.2M
Property Plant And Equipment Gross	1.9B	2.0B	5.9B	6.0B	6.3B	6.6B
Accumulated Other Comprehensive Income	(1.7B)	(1.6B)	(1.5B)	(1.8B)	(1.8B)	(1.7B)
Other Liab	2.0B	2.1B	2.1B	1.6B	1.8B	1.4B
Other Assets	1.5B	1.8B	2.0B	1.7B	1.9B	1.4B
Long Term Debt	7.8B	7.8B	6.9B	6.2B	6.3B	4.4B
Treasury Stock	(17.5B)	(19.0B)	(19.7B)	(20.6B)	(18.6B)	(17.6B)
Property Plant Equipment	1.7B	1.8B	1.8B	1.8B	1.7B	1.5B
Current Deferred Revenue	188M	222M	394M	427M	520M	373.4M
Good Will	4.5B	4.7B	5.0B	4.9B	4.9B	4.8B
Net Tangible Assets	(2.3B)	(2.3B)	(2.3B)	(2.5B)	(2.3B)	(2.2B)
Retained Earnings Total Equity	22.4B	23.1B	24.3B	25.8B	29.7B	18.7B
Long Term Debt Total	7.8B	7.8B	6.9B	6.2B	7.1B	6.4B

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Illinois Income Quality vs Free Cash Flow Per Share Analysis

Income Quality vs Free Cash Flow Per Share

Income Quality vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Income Quality

Free Cash Flow Per Share

Illinois Tool fundamental ratios Correlations

Illinois Tool Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Illinois Tool fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.98	Total Assets
Total Current Assets	+ 0.97	Total Assets
Net Receivables	+ 0.97	Property Plant And Equipment Net
Retained Earnings	+ 0.97	Net Debt

Other Stockholder Equity	- 0.97	Net Debt
Other Stockholder Equity	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.84	Other Current Liab
Other Stockholder Equity	- 0.83	Short Long Term Debt Total
Other Stockholder Equity	- 0.75	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.75	Net Debt