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 Net Borrowings and its Change In Working Capital 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.
Net Borrowings vs Change In Working Capital
Net Borrowings vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Illinois Tool Works Net Borrowings account and
Change In Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Illinois Tool's Net Borrowings and Change In Working Capital is -0.05. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change In Working Capital 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 Net Borrowings and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Illinois Tool Works are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Borrowings i.e., Illinois Tool's Net Borrowings and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | -0.05 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.
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.
Illinois Tool fundamental ratios Correlations
Click cells to compare fundamentals
Illinois Tool Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Illinois Tool fundamental ratios Accounts
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Additional Tools for Illinois Stock Analysis
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measure Illinois Tool's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Illinois Tool is operating at the current time. Most of Illinois Tool's value examination focuses on studying past and present price action to
predict the probability of Illinois Tool's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Illinois Tool's price. Additionally, you may evaluate how the addition of Illinois Tool to your portfolios can decrease your overall portfolio volatility.