Donegal Net Debt vs Total Current Liabilities Analysis

Donegal Group financial indicator trend analysis is much more than just examining Donegal Group B latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Donegal Group B is a good investment. Please check the relationship between Donegal Group Net Debt and its Total Current Liabilities 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 main economic indicators.

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

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

The correlation between Donegal Group's Net Debt and Total Current Liabilities is 0.69. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Donegal Group B, assuming nothing else is changed. The correlation between historical values of Donegal Group's Net 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 Net Debt of Donegal Group B 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 Net Debt i.e., Donegal Group's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Current Liabilities

Total Current Liabilities is an item on Donegal Group balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Donegal Group B 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 Donegal Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Donegal Group B 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 main economic indicators.

The current year's Selling General Administrative is expected to grow to about 10.8 M. The current year's Tax Provision is expected to grow to about 2.9 M

	2021	2022	2023	2024 (projected)
Gross Profit	816.5M	454.0	927.3M	973.7M
Total Revenue	816.5M	454.0	927.3M	973.7M

Gross Profit Total Revenue

Donegal Group fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Liab	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Common Stock	Other Current Assets
Total Assets		0.76	0.68	0.22	0.81	0.99	0.65	0.13	-0.25	0.0	-0.3	-0.25	-0.34	0.95	0.24	-0.17	0.32	-0.29	-0.09	0.52	0.51	-0.76	0.27	-0.03	-0.76	-0.14
Total Stockholder Equity	0.76		0.98	-0.11	0.96	0.69	0.39	0.36	0.09	0.28	-0.11	0.09	-0.06	0.66	0.51	0.13	0.55	0.08	0.03	0.59	0.71	-0.85	0.6	0.29	-0.85	-0.01
Retained Earnings	0.68	0.98		-0.29	0.93	0.6	0.35	0.49	0.27	0.45	0.05	0.28	0.11	0.58	0.64	0.3	0.66	0.26	0.08	0.53	0.73	-0.88	0.66	0.41	-0.88	-0.01
Other Assets	0.22	-0.11	-0.29		-0.08	0.24	0.07	-0.66	-0.96	-0.8	-0.61	-0.94	-0.89	0.25	-0.77	-0.99	-0.5	-0.96	-0.11	0.17	-0.06	0.22	-0.17	-0.7	0.22	-0.03
Common Stock Shares Outstanding	0.81	0.96	0.93	-0.08		0.77	0.52	0.34	0.07	0.26	-0.04	0.07	-0.08	0.72	0.52	0.1	0.51	0.05	0.06	0.46	0.65	-0.88	0.51	0.2	-0.88	-0.02
Other Stockholder Equity	0.99	0.69	0.6	0.24	0.77		0.69	0.04	-0.28	-0.04	-0.29	-0.27	-0.33	0.94	0.22	-0.2	0.23	-0.32	-0.05	0.42	0.43	-0.72	0.17	-0.08	-0.71	-0.15
Total Liab	0.65	0.39	0.35	0.07	0.52	0.69		0.26	-0.09	0.17	0.07	-0.11	-0.13	0.6	0.28	-0.04	0.39	-0.11	-0.01	0.23	0.29	-0.56	0.08	-0.48	-0.56	-0.1
Short Long Term Debt Total	0.13	0.36	0.49	-0.66	0.34	0.04	0.26		0.66	0.7	0.54	0.56	0.39	0.1	0.64	0.68	0.81	0.66	-0.09	0.22	0.46	-0.45	0.48	0.35	-0.45	-0.1
Total Current Liabilities	-0.25	0.09	0.27	-0.96	0.07	-0.28	-0.09	0.66		0.79	0.69	0.96	0.91	-0.34	0.75	0.93	0.53	1.0	0.09	-0.24	-0.05	-0.23	0.08	0.7	-0.23	0.24
Property Plant And Equipment Net	0.0	0.28	0.45	-0.8	0.26	-0.04	0.17	0.7	0.79		0.68	0.78	0.68	-0.1	0.92	0.78	0.7	0.79	0.25	0.01	0.29	-0.57	0.35	0.49	-0.57	0.14
Net Debt	-0.3	-0.11	0.05	-0.61	-0.04	-0.29	0.07	0.54	0.69	0.68		0.66	0.71	-0.39	0.64	0.56	0.42	0.69	0.36	-0.56	-0.06	-0.21	0.03	0.21	-0.21	0.22
Non Current Assets Total	-0.25	0.09	0.28	-0.94	0.07	-0.27	-0.11	0.56	0.96	0.78	0.66		0.9	-0.32	0.75	0.88	0.51	0.96	0.22	-0.22	-0.04	-0.24	0.09	0.68	-0.25	0.17
Non Currrent Assets Other	-0.34	-0.06	0.11	-0.89	-0.08	-0.33	-0.13	0.39	0.91	0.68	0.71	0.9		-0.43	0.68	0.85	0.32	0.91	0.21	-0.44	-0.22	-0.09	-0.11	0.6	-0.09	0.25
Net Receivables	0.95	0.66	0.58	0.25	0.72	0.94	0.6	0.1	-0.34	-0.1	-0.39	-0.32	-0.43		0.12	-0.19	0.21	-0.37	-0.02	0.52	0.59	-0.62	0.35	-0.08	-0.61	-0.44
Property Plant And Equipment Gross	0.24	0.51	0.64	-0.77	0.52	0.22	0.28	0.64	0.75	0.92	0.64	0.75	0.68	0.12		0.75	0.68	0.74	0.3	-0.01	0.35	-0.74	0.34	0.55	-0.74	0.11
Total Current Assets	-0.17	0.13	0.3	-0.99	0.1	-0.2	-0.04	0.68	0.93	0.78	0.56	0.88	0.85	-0.19	0.75		0.48	0.92	0.06	-0.14	0.11	-0.21	0.21	0.69	-0.22	-0.04
Short Term Debt	0.32	0.55	0.66	-0.5	0.51	0.23	0.39	0.81	0.53	0.7	0.42	0.51	0.32	0.21	0.68	0.48		0.52	0.09	0.49	0.48	-0.66	0.45	0.27	-0.66	0.06
Other Current Liab	-0.29	0.08	0.26	-0.96	0.05	-0.32	-0.11	0.66	1.0	0.79	0.69	0.96	0.91	-0.37	0.74	0.92	0.52		0.08	-0.24	-0.04	-0.21	0.11	0.69	-0.21	0.24
Accounts Payable	-0.09	0.03	0.08	-0.11	0.06	-0.05	-0.01	-0.09	0.09	0.25	0.36	0.22	0.21	-0.02	0.3	0.06	0.09	0.08		-0.2	0.24	-0.18	0.19	0.0	-0.18	-0.29
Cash	0.52	0.59	0.53	0.17	0.46	0.42	0.23	0.22	-0.24	0.01	-0.56	-0.22	-0.44	0.52	-0.01	-0.14	0.49	-0.24	-0.2		0.59	-0.37	0.5	0.0	-0.37	-0.22
Cash And Short Term Investments	0.51	0.71	0.73	-0.06	0.65	0.43	0.29	0.46	-0.05	0.29	-0.06	-0.04	-0.22	0.59	0.35	0.11	0.48	-0.04	0.24	0.59		-0.6	0.95	0.08	-0.6	-0.54
Common Stock Total Equity	-0.76	-0.85	-0.88	0.22	-0.88	-0.72	-0.56	-0.45	-0.23	-0.57	-0.21	-0.24	-0.09	-0.62	-0.74	-0.21	-0.66	-0.21	-0.18	-0.37	-0.6		-0.47	-0.24	1.0	-0.11
Short Term Investments	0.27	0.6	0.66	-0.17	0.51	0.17	0.08	0.48	0.08	0.35	0.03	0.09	-0.11	0.35	0.34	0.21	0.45	0.11	0.19	0.5	0.95	-0.47		0.18	-0.48	-0.44
Non Current Liabilities Total	-0.03	0.29	0.41	-0.7	0.2	-0.08	-0.48	0.35	0.7	0.49	0.21	0.68	0.6	-0.08	0.55	0.69	0.27	0.69	0.0	0.0	0.08	-0.24	0.18		-0.25	0.14
Common Stock	-0.76	-0.85	-0.88	0.22	-0.88	-0.71	-0.56	-0.45	-0.23	-0.57	-0.21	-0.25	-0.09	-0.61	-0.74	-0.22	-0.66	-0.21	-0.18	-0.37	-0.6	1.0	-0.48	-0.25		-0.11
Other Current Assets	-0.14	-0.01	-0.01	-0.03	-0.02	-0.15	-0.1	-0.1	0.24	0.14	0.22	0.17	0.25	-0.44	0.11	-0.04	0.06	0.24	-0.29	-0.22	-0.54	-0.11	-0.44	0.14	-0.11

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Donegal Group Account Relationship Matchups

Donegal Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	2.2B	2.3B	2.2B	2.3B	2.4B
Total Stockholder Equity	451.0M	517.8M	531.0M	483.6M	479.7M	272.1M
Retained Earnings	223.3M	258.4M	263.7M	240.6M	217.8M	138.6M
Other Assets	(359.6M)	(329.3M)	(276.6M)	882.6M	591.3M	620.8M
Common Stock Shares Outstanding	28.2M	28.9M	30.6M	31.4M	32.6M	22.7M
Liabilities And Stockholders Equity	1.9B	2.2B	2.3B	2.2B	2.3B	2.4B
Other Stockholder Equity	226.9M	247.9M	263.7M	284.4M	294.5M	309.2M
Total Liab	1.5B	1.6B	38.9M	1.8B	1.8B	1.9B
Short Long Term Debt Total	123M	90M	75M	35M	40.3M	49.3M
Total Current Liabilities	37.1M	88.2M	38.9M	43.5M	703.0M	667.9M
Property Plant And Equipment Net	4.6M	4.4M	3.0M	2.8M	2.6M	5.0M
Net Debt	(9.3M)	(13.1M)	(22.7M)	9.9M	11.2M	20.9M
Non Current Assets Total	1.1B	1.2B	1.3B	30.9M	1.4B	1.3B
Non Currrent Assets Other	(8.5B)	(5.7B)	(6.7B)	(1.3B)	(1.2B)	(1.2B)
Net Receivables	532.8M	578.5M	642.4M	630.4M	632.5M	664.2M
Property Plant And Equipment Gross	7.3M	4.7M	4.6M	4.4M	5.0M	5.2M
Total Current Assets	1.2B	1.3B	1.2B	1.3B	311.5M	296.0M
Short Term Debt	59M	60M	35M	85M	40.3M	43.4M
Other Current Liab	(37.1M)	(3.1B)	(5.3B)	670.7M	(7.4B)	(7.1B)
Accounts Payable	2.1M	3.2M	3.9M	3.5M	8.8M	6.0M
Cash	49.3M	103.1M	57.7M	25.1M	23.8M	22.1M
Cash And Short Term Investments	628.3M	679.1M	603.0M	606.2M	360.5M	290.7M
Common Stock Total Equity	318.5K	333.0K	344.1K	357.7K	321.9K	305.8K
Short Term Investments	579.0M	576.0M	545.3M	581.1M	86.7M	82.4M
Accumulated Other Comprehensive Income	504K	11.1M	3.3M	(41.7M)	(32.9M)	(31.2M)
Common Stock	318K	333K	344K	357K	364.1K	345.9K
Other Current Assets	265.4M	377.9M	321.6M	312.8M	311.5M	296.0M
Inventory	(265.4M)	(377.9M)	(321.6M)	(219.6M)	(497.5B)	(472.7B)
Property Plant Equipment	4.6M	4.4M	3.0M	2.8M	2.5M	3.9M
Other Liab	17.6M	317.8M	16.4M	13.0M	15.0M	14.2M
Net Tangible Assets	444.4M	511.2M	531.0M	477.0M	429.3M	379.5M
Long Term Investments	1.1B	1.2B	1.3B	1.3B	1.3B	1.3B
Short Long Term Debt	59M	60M	35M	85M	31.5M	40.3M
Long Term Debt Total	64M	30M	40M	5M	4.5M	4.3M
Capital Surpluse	268.2M	289.1M	304.9M	325.6M	374.4M	297.1M

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Donegal Net Debt vs Total Current Liabilities Analysis

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Liabilities

Donegal Group fundamental ratios Correlations

Donegal Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Donegal Group fundamental ratios Accounts

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Other Current Liab	+ 1.0	Total Current Liabilities
Common Stock	+ 1.0	Common Stock Total Equity
Other Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.98	Total Stockholder Equity
Common Stock Shares Outstanding	+ 0.96	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Total Current Liabilities

Total Current Assets	- 0.99	Other Assets
Other Current Liab	- 0.96	Other Assets
Total Current Liabilities	- 0.96	Other Assets
Non Current Assets Total	- 0.94	Other Assets
Non Currrent Assets Other	- 0.89	Other Assets
Common Stock	- 0.88	Common Stock Shares Outstanding