AZZ Long Term Debt vs Total Current Liabilities Analysis

AZZ Stock

USD 91.15 1.19 1.29%

AZZ Incorporated financial indicator trend analysis is way more than just evaluating AZZ Incorporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AZZ Incorporated is a good investment. Please check the relationship between AZZ Incorporated Long Term Debt and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AZZ Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy AZZ Stock please use our How to Invest in AZZ Incorporated guide.

Long Term Debt vs Total Current Liabilities

Long Term Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AZZ Incorporated Long Term Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between AZZ Incorporated's Long Term Debt and Total Current Liabilities is 0.75. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of AZZ Incorporated, assuming nothing else is changed. The correlation between historical values of AZZ Incorporated's Long Term Debt 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 Long Term Debt of AZZ Incorporated 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 Long Term Debt i.e., AZZ Incorporated's Long Term Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

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Long Term Debt

Long-term debt is a debt that AZZ Incorporated has held for over one year. Long-term debt appears on AZZ Incorporated balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on AZZ Incorporated balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Total Current Liabilities

Total Current Liabilities is an item on AZZ Incorporated balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AZZ Incorporated 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 AZZ Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AZZ Incorporated 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 AZZ Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy AZZ Stock please use our How to Invest in AZZ Incorporated guide.Selling General Administrative is likely to drop to about 134.8 M in 2024. Tax Provision is likely to drop to about 18.3 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	225.2M	295.9M	363.5M	381.6M
Total Revenue	902.7M	1.3B	1.5B	1.6B

Gross Profit Total Revenue

AZZ Incorporated 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Intangible Assets	Accounts Payable	Other Assets	Long Term Debt
Total Assets		0.95	0.92	0.87	0.94	0.99	0.95	0.7	-0.46	0.99	-0.46	0.84	0.33	0.97	0.71	0.04	0.73	0.98	0.92	0.78	0.04	-0.34	0.95	0.94	0.47	0.95
Short Long Term Debt Total	0.95		0.81	0.77	0.8	0.96	1.0	0.45	-0.43	0.97	-0.43	0.74	0.14	1.0	0.56	-0.09	0.73	0.99	0.9	0.6	0.12	-0.35	1.0	0.93	0.55	1.0
Other Current Liab	0.92	0.81		0.88	0.94	0.91	0.81	0.79	-0.38	0.9	-0.38	0.73	0.42	0.83	0.74	0.31	0.55	0.86	0.87	0.83	0.03	-0.36	0.79	0.76	0.23	0.8
Total Current Liabilities	0.87	0.77	0.88		0.86	0.83	0.75	0.79	-0.16	0.82	-0.16	0.83	0.64	0.78	0.92	0.11	0.48	0.82	0.73	0.93	0.32	0.07	0.78	0.82	0.29	0.75
Total Stockholder Equity	0.94	0.8	0.94	0.86		0.91	0.8	0.88	-0.48	0.91	-0.48	0.86	0.48	0.83	0.77	0.17	0.64	0.85	0.85	0.85	-0.07	-0.33	0.8	0.85	0.33	0.79
Property Plant And Equipment Net	0.99	0.96	0.91	0.83	0.91		0.97	0.63	-0.47	0.99	-0.47	0.8	0.28	0.97	0.63	-0.01	0.67	0.98	0.96	0.69	0.07	-0.38	0.96	0.92	0.41	0.96
Net Debt	0.95	1.0	0.81	0.75	0.8	0.97		0.46	-0.48	0.97	-0.48	0.74	0.12	1.0	0.55	-0.08	0.74	0.99	0.91	0.59	0.08	-0.38	0.99	0.93	0.55	1.0
Retained Earnings	0.7	0.45	0.79	0.79	0.88	0.63	0.46		-0.34	0.63	-0.34	0.78	0.73	0.49	0.85	0.27	0.39	0.54	0.56	0.9	0.0	-0.04	0.47	0.62	0.1	0.44
Cash	-0.46	-0.43	-0.38	-0.16	-0.48	-0.47	-0.48	-0.34		-0.49	1.0	-0.33	0.2	-0.44	-0.18	-0.11	-0.48	-0.42	-0.45	-0.12	0.32	0.4	-0.42	-0.45	-0.28	-0.44
Non Current Assets Total	0.99	0.97	0.9	0.82	0.91	0.99	0.97	0.63	-0.49		-0.49	0.81	0.25	0.98	0.64	0.0	0.73	0.98	0.94	0.71	0.02	-0.4	0.97	0.94	0.48	0.97
Cash And Short Term Investments	-0.46	-0.43	-0.38	-0.16	-0.48	-0.47	-0.48	-0.34	1.0	-0.49		-0.33	0.2	-0.44	-0.18	-0.11	-0.48	-0.42	-0.45	-0.12	0.32	0.4	-0.42	-0.45	-0.28	-0.44
Net Receivables	0.84	0.74	0.73	0.83	0.86	0.8	0.74	0.78	-0.33	0.81	-0.33		0.63	0.76	0.76	-0.26	0.59	0.78	0.71	0.81	0.15	-0.01	0.77	0.91	0.4	0.73
Common Stock Shares Outstanding	0.33	0.14	0.42	0.64	0.48	0.28	0.12	0.73	0.2	0.25	0.2	0.63		0.16	0.72	-0.12	-0.05	0.22	0.22	0.7	0.49	0.45	0.18	0.35	-0.16	0.12
Non Current Liabilities Total	0.97	1.0	0.83	0.78	0.83	0.97	1.0	0.49	-0.44	0.98	-0.44	0.76	0.16		0.58	-0.06	0.75	1.0	0.9	0.63	0.07	-0.37	0.99	0.94	0.56	1.0
Inventory	0.71	0.56	0.74	0.92	0.77	0.63	0.55	0.85	-0.18	0.64	-0.18	0.76	0.72	0.58		0.21	0.47	0.63	0.47	0.95	0.28	0.24	0.57	0.7	0.33	0.54
Other Current Assets	0.04	-0.09	0.31	0.11	0.17	-0.01	-0.08	0.27	-0.11	0.0	-0.11	-0.26	-0.12	-0.06	0.21		0.1	-0.04	-0.04	0.27	-0.39	-0.27	-0.16	-0.21	-0.05	-0.09
Other Stockholder Equity	0.73	0.73	0.55	0.48	0.64	0.67	0.74	0.39	-0.48	0.73	-0.48	0.59	-0.05	0.75	0.47	0.1		0.74	0.49	0.52	-0.34	-0.49	0.71	0.75	0.92	0.74
Total Liab	0.98	0.99	0.86	0.82	0.85	0.98	0.99	0.54	-0.42	0.98	-0.42	0.78	0.22	1.0	0.63	-0.04	0.74		0.9	0.68	0.11	-0.33	0.99	0.94	0.54	0.99
Property Plant And Equipment Gross	0.92	0.9	0.87	0.73	0.85	0.96	0.91	0.56	-0.45	0.94	-0.45	0.71	0.22	0.9	0.47	-0.04	0.49	0.9		0.56	0.05	-0.43	0.9	0.82	0.19	0.9
Total Current Assets	0.78	0.6	0.83	0.93	0.85	0.69	0.59	0.9	-0.12	0.71	-0.12	0.81	0.7	0.63	0.95	0.27	0.52	0.68	0.56		0.13	0.05	0.61	0.72	0.33	0.59
Short Term Debt	0.04	0.12	0.03	0.32	-0.07	0.07	0.08	0.0	0.32	0.02	0.32	0.15	0.49	0.07	0.28	-0.39	-0.34	0.11	0.05	0.13		0.65	0.15	0.14	-0.23	0.09
Non Currrent Assets Other	-0.34	-0.35	-0.36	0.07	-0.33	-0.38	-0.38	-0.04	0.4	-0.4	0.4	-0.01	0.45	-0.37	0.24	-0.27	-0.49	-0.33	-0.43	0.05	0.65		-0.3	-0.17	-0.26	-0.36
Intangible Assets	0.95	1.0	0.79	0.78	0.8	0.96	0.99	0.47	-0.42	0.97	-0.42	0.77	0.18	0.99	0.57	-0.16	0.71	0.99	0.9	0.61	0.15	-0.3		0.95	0.54	1.0
Accounts Payable	0.94	0.93	0.76	0.82	0.85	0.92	0.93	0.62	-0.45	0.94	-0.45	0.91	0.35	0.94	0.7	-0.21	0.75	0.94	0.82	0.72	0.14	-0.17	0.95		0.59	0.93
Other Assets	0.47	0.55	0.23	0.29	0.33	0.41	0.55	0.1	-0.28	0.48	-0.28	0.4	-0.16	0.56	0.33	-0.05	0.92	0.54	0.19	0.33	-0.23	-0.26	0.54	0.59		0.56
Long Term Debt	0.95	1.0	0.8	0.75	0.79	0.96	1.0	0.44	-0.44	0.97	-0.44	0.73	0.12	1.0	0.54	-0.09	0.74	0.99	0.9	0.59	0.09	-0.36	1.0	0.93	0.56

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AZZ Long Term Debt vs Total Current Liabilities Analysis

Long Term Debt vs Total Current Liabilities

Long Term Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Long Term Debt

Total Current Liabilities

AZZ Incorporated fundamental ratios Correlations

AZZ Incorporated Account Relationship Matchups

High Positive Relationship

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COMMON DESTINATIONS

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COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Intangible Assets	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Net Debt
Long Term Debt	+ 1.0	Net Debt

Non Currrent Assets Other	- 0.49	Other Stockholder Equity
Cash And Short Term Investments	- 0.49	Non Current Assets Total
Non Current Assets Total	- 0.49	Cash
Other Stockholder Equity	- 0.48	Cash And Short Term Investments
Other Stockholder Equity	- 0.48	Cash
Cash And Short Term Investments	- 0.48	Net Debt