MasTec Net Tangible Assets vs Long Term Debt Analysis

MTZ Stock

USD 144.55 3.39 2.29%

MasTec financial indicator trend analysis is infinitely more than just investigating MasTec Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MasTec Inc is a good investment. Please check the relationship between MasTec Net Tangible Assets and its Long Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec Inc. 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 Tangible Assets vs Long Term Debt

Net Tangible Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MasTec Inc Net Tangible Assets account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between MasTec's Net Tangible Assets and Long Term Debt is -0.21. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of MasTec Inc, assuming nothing else is changed. The correlation between historical values of MasTec's Net Tangible Assets and Long Term Debt 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 Tangible Assets of MasTec Inc are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Tangible Assets i.e., MasTec's Net Tangible Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Long Term Debt

Long-term debt is a debt that MasTec Inc has held for over one year. Long-term debt appears on MasTec Inc 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 MasTec Inc 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.

Most indicators from MasTec's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MasTec Inc 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec Inc. 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, MasTec's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.09 in 2024, whereas Discontinued Operations is likely to drop (7.8 M) in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	1.2B	786.8M	826.2M
Total Revenue	8.0B	9.8B	12.0B	12.6B

Gross Profit Total Revenue

MasTec 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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.99	0.97	0.99	0.98	0.99	0.97	0.94	0.89	1.0	-0.42	0.89	0.99	0.12	1.0	0.6	0.09	0.08	1.0	0.92	1.0	0.96	0.94	0.93	0.6	0.55
Short Long Term Debt Total	0.99		0.95	0.99	0.94	0.97	0.99	0.89	0.86	0.99	-0.47	0.86	0.98	0.06	0.99	0.56	0.12	0.08	1.0	0.93	0.98	0.96	0.95	0.94	0.53	0.48
Other Current Liab	0.97	0.95		0.95	0.96	0.97	0.91	0.94	0.9	0.96	-0.36	0.9	0.95	0.03	0.96	0.49	0.12	0.12	0.96	0.89	0.97	0.93	0.91	0.85	0.53	0.49
Total Current Liabilities	0.99	0.99	0.95		0.95	0.98	0.97	0.9	0.9	0.99	-0.37	0.9	0.98	0.1	0.98	0.59	0.04	0.07	0.99	0.95	0.99	0.97	0.93	0.96	0.57	0.51
Total Stockholder Equity	0.98	0.94	0.96	0.95		0.98	0.91	0.97	0.89	0.98	-0.38	0.89	0.97	0.16	0.97	0.6	0.1	0.07	0.97	0.86	0.98	0.93	0.9	0.87	0.64	0.61
Property Plant And Equipment Net	0.99	0.97	0.97	0.98	0.98		0.94	0.96	0.91	0.99	-0.41	0.91	0.97	0.04	0.98	0.53	0.05	0.02	0.98	0.91	0.98	0.97	0.94	0.9	0.54	0.49
Net Debt	0.97	0.99	0.91	0.97	0.91	0.94		0.84	0.79	0.97	-0.5	0.79	0.97	0.1	0.98	0.59	0.13	0.1	0.98	0.9	0.96	0.93	0.95	0.94	0.54	0.48
Retained Earnings	0.94	0.89	0.94	0.9	0.97	0.96	0.84		0.89	0.93	-0.35	0.89	0.92	-0.01	0.92	0.46	0.07	-0.08	0.92	0.82	0.94	0.91	0.83	0.8	0.52	0.48
Cash	0.89	0.86	0.9	0.9	0.89	0.91	0.79	0.89		0.89	-0.26	1.0	0.83	-0.13	0.86	0.32	-0.03	-0.04	0.88	0.9	0.88	0.94	0.83	0.8	0.38	0.31
Non Current Assets Total	1.0	0.99	0.96	0.99	0.98	0.99	0.97	0.93	0.89		-0.44	0.89	0.98	0.11	0.99	0.59	0.07	0.08	1.0	0.92	0.99	0.97	0.96	0.93	0.58	0.54
Non Currrent Assets Other	-0.42	-0.47	-0.36	-0.37	-0.38	-0.41	-0.5	-0.35	-0.26	-0.44		-0.26	-0.41	-0.02	-0.48	-0.24	-0.02	-0.14	-0.44	-0.17	-0.4	-0.35	-0.55	-0.37	-0.18	-0.2
Cash And Short Term Investments	0.89	0.86	0.9	0.9	0.89	0.91	0.79	0.89	1.0	0.89	-0.26		0.83	-0.13	0.86	0.32	-0.03	-0.04	0.88	0.9	0.88	0.94	0.83	0.8	0.38	0.31
Net Receivables	0.99	0.98	0.95	0.98	0.97	0.97	0.97	0.92	0.83	0.98	-0.41	0.83		0.17	0.99	0.64	0.13	0.07	0.99	0.89	1.0	0.94	0.9	0.94	0.63	0.59
Common Stock Shares Outstanding	0.12	0.06	0.03	0.1	0.16	0.04	0.1	-0.01	-0.13	0.11	-0.02	-0.13	0.17		0.1	0.72	0.11	0.51	0.1	-0.06	0.13	-0.05	0.02	0.18	0.82	0.86
Non Current Liabilities Total	1.0	0.99	0.96	0.98	0.97	0.98	0.98	0.92	0.86	0.99	-0.48	0.86	0.99	0.1		0.59	0.11	0.08	1.0	0.9	0.99	0.95	0.96	0.93	0.57	0.53
Inventory	0.6	0.56	0.49	0.59	0.6	0.53	0.59	0.46	0.32	0.59	-0.24	0.32	0.64	0.72	0.59		-0.07	0.22	0.6	0.43	0.62	0.46	0.49	0.67	0.82	0.84
Other Current Assets	0.09	0.12	0.12	0.04	0.1	0.05	0.13	0.07	-0.03	0.07	-0.02	-0.03	0.13	0.11	0.11	-0.07		0.18	0.08	0.04	0.11	0.02	0.03	-0.02	0.13	0.14
Other Stockholder Equity	0.08	0.08	0.12	0.07	0.07	0.02	0.1	-0.08	-0.04	0.08	-0.14	-0.04	0.07	0.51	0.08	0.22	0.18		0.08	0.03	0.06	0.01	0.12	-0.04	0.43	0.42
Total Liab	1.0	1.0	0.96	0.99	0.97	0.98	0.98	0.92	0.88	1.0	-0.44	0.88	0.99	0.1	1.0	0.6	0.08	0.08		0.93	0.99	0.97	0.95	0.95	0.57	0.52
Property Plant And Equipment Gross	0.92	0.93	0.89	0.95	0.86	0.91	0.9	0.82	0.9	0.92	-0.17	0.9	0.89	-0.06	0.9	0.43	0.04	0.03	0.93		0.91	0.96	0.86	0.9	0.42	0.32
Total Current Assets	1.0	0.98	0.97	0.99	0.98	0.98	0.96	0.94	0.88	0.99	-0.4	0.88	1.0	0.13	0.99	0.62	0.11	0.06	0.99	0.91		0.96	0.92	0.94	0.61	0.57
Short Term Debt	0.96	0.96	0.93	0.97	0.93	0.97	0.93	0.91	0.94	0.97	-0.35	0.94	0.94	-0.05	0.95	0.46	0.02	0.01	0.97	0.96	0.96		0.91	0.9	0.46	0.39
Intangible Assets	0.94	0.95	0.91	0.93	0.9	0.94	0.95	0.83	0.83	0.96	-0.55	0.83	0.9	0.02	0.96	0.49	0.03	0.12	0.95	0.86	0.92	0.91		0.88	0.46	0.41
Accounts Payable	0.93	0.94	0.85	0.96	0.87	0.9	0.94	0.8	0.8	0.93	-0.37	0.8	0.94	0.18	0.93	0.67	-0.02	-0.04	0.95	0.9	0.94	0.9	0.88		0.58	0.52
Common Stock Total Equity	0.6	0.53	0.53	0.57	0.64	0.54	0.54	0.52	0.38	0.58	-0.18	0.38	0.63	0.82	0.57	0.82	0.13	0.43	0.57	0.42	0.61	0.46	0.46	0.58		0.98
Common Stock	0.55	0.48	0.49	0.51	0.61	0.49	0.48	0.48	0.31	0.54	-0.2	0.31	0.59	0.86	0.53	0.84	0.14	0.42	0.52	0.32	0.57	0.39	0.41	0.52	0.98

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MasTec Account Relationship Matchups

MasTec fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.0B	5.2B	7.1B	9.3B	9.4B	9.8B
Short Long Term Debt Total	1.5B	1.4B	2.1B	3.5B	3.5B	3.7B
Other Current Liab	277.9M	398.0M	574.2M	615.0M	660.9M	693.9M
Total Current Liabilities	1.2B	1.4B	1.8B	2.5B	2.8B	3.0B
Total Stockholder Equity	1.8B	2.0B	2.5B	2.7B	2.7B	2.8B
Property Plant And Equipment Net	1.1B	1.2B	1.7B	2.0B	2.1B	2.2B
Net Debt	1.4B	851.0M	1.7B	3.1B	3.0B	3.1B
Retained Earnings	1.5B	1.8B	2.2B	2.2B	2.1B	2.3B
Cash	71.4M	423.1M	360.7M	370.6M	529.6M	556.0M
Non Current Assets Total	2.8B	2.9B	4.2B	5.4B	5.4B	5.7B
Non Currrent Assets Other	254.7M	282.9M	360.1M	(571.0B)	418.6M	439.5M
Cash And Short Term Investments	71.4M	423.1M	360.7M	370.6M	529.6M	556.0M
Net Receivables	1.9B	1.8B	2.2B	3.1B	3.1B	3.3B
Common Stock Shares Outstanding	75.8M	73.7M	73.9M	76.2M	77.5M	60.9M
Liabilities And Stockholders Equity	5.0B	5.2B	7.1B	9.3B	9.4B	9.8B
Non Current Liabilities Total	2.0B	1.8B	2.8B	4.1B	3.8B	4.0B
Inventory	100.1M	89.6M	92.6M	118.0M	108.1M	113.6M
Other Current Assets	75.2M	31.4M	81.9M	240.9M	210.1M	220.6M
Other Stockholder Equity	347.5M	254.1M	450.7M	582.7M	603.4M	375.5M
Total Liab	3.2B	3.2B	4.6B	6.6B	6.7B	7.0B
Property Plant And Equipment Gross	1.1B	1.2B	1.7B	2.0B	4.0B	4.2B
Total Current Assets	2.2B	2.4B	2.9B	3.9B	4.0B	4.2B
Accumulated Other Comprehensive Income	(75.7M)	(91.4M)	(78.8M)	(51.0M)	(53.0M)	(55.6M)
Short Term Debt	200.0M	217.6M	233.3M	364.9M	452.8M	475.4M
Intangible Assets	211.5M	184.0M	670.3M	946.3M	784.3M	823.5M
Accounts Payable	535.0M	571.3M	663.1M	1.1B	1.2B	1.3B
Common Stock Total Equity	9.2M	9.3M	9.5M	9.9M	11.3M	8.1M
Common Stock	9.2M	9.3M	9.5M	9.9M	9.9M	8.2M
Other Liab	517.6M	533.0M	740.3M	809.8M	931.3M	977.8M
Other Assets	103K	105K	(33K)	41K	(112K)	(106.4K)
Long Term Debt	1.3B	1.2B	1.9B	3.1B	2.9B	3.0B
Property Plant Equipment	905.8M	982.3M	1.7B	2.0B	2.3B	2.5B
Current Deferred Revenue	206.2M	228.4M	314.0M	406.2M	481.0M	505.0M
Good Will	1.2B	1.2B	1.5B	2.0B	2.1B	2.2B
Net Tangible Assets	354.3M	574.8M	353.0M	(254.0M)	(292.1M)	(277.5M)
Noncontrolling Interest In Consolidated Entity	4.5M	3.6M	4.1M	3.9M	4.4M	4.2M
Retained Earnings Total Equity	1.5B	1.8B	2.2B	2.2B	2.5B	2.7B
Long Term Debt Total	1.3B	1.2B	1.9B	3.1B	3.5B	3.7B

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MasTec Net Tangible Assets vs Long Term Debt Analysis

Net Tangible Assets vs Long Term Debt

Net Tangible Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Long Term Debt

MasTec fundamental ratios Correlations

MasTec Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MasTec fundamental ratios Accounts

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Additional Tools for MasTec Stock Analysis

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Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash

Intangible Assets	- 0.55	Non Currrent Assets Other
Non Currrent Assets Other	- 0.5	Net Debt
Non Current Liabilities Total	- 0.48	Non Currrent Assets Other
Non Currrent Assets Other	- 0.47	Short Long Term Debt Total
Total Liab	- 0.44	Non Currrent Assets Other
Non Currrent Assets Other	- 0.44	Non Current Assets Total