Safety Intangible Assets vs Accounts Payable Analysis

SAFT Stock  USD 85.84  0.62  0.73%   
Safety Insurance financial indicator trend analysis is much more than just breaking down Safety Insurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Safety Insurance is a good investment. Please check the relationship between Safety Insurance Intangible Assets and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Intangible Assets vs Accounts Payable

Intangible Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Safety Insurance Intangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Safety Insurance's Intangible Assets and Accounts Payable is 0.45. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Safety Insurance Group, assuming nothing else is changed. The correlation between historical values of Safety Insurance's Intangible Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Safety Insurance Group are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Intangible Assets i.e., Safety Insurance's Intangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.45
Relationship DirectionPositive 
Relationship StrengthWeak

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Accounts Payable

An accounting item on the balance sheet that represents Safety Insurance obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Safety Insurance are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Safety Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Safety Insurance 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
At this time, Safety Insurance's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 37.52 in 2024, whereas Tax Provision is likely to drop slightly above 8.7 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue864.7M785.1M931.0M729.3M
Interest Expense522K524K818K588.6K

Safety Insurance fundamental ratios Correlations

0.97-0.480.81-0.80.97-0.40.940.40.44-0.90.870.54-0.120.43-0.550.780.140.270.53-0.410.690.620.690.340.24
0.97-0.460.85-0.830.87-0.310.940.270.35-0.830.880.46-0.150.44-0.610.740.070.350.48-0.460.650.420.630.310.19
-0.48-0.46-0.040.24-0.460.17-0.53-0.39-0.730.22-0.11-0.720.11-0.71-0.12-0.84-0.63-0.46-0.80.33-0.17-0.37-0.3-0.07-0.23
0.810.85-0.04-0.790.72-0.280.7-0.01-0.01-0.850.970.24-0.010.01-0.730.4-0.280.180.23-0.270.610.240.560.210.07
-0.8-0.830.24-0.79-0.710.36-0.85-0.07-0.260.79-0.87-0.43-0.19-0.490.41-0.53-0.18-0.16-0.410.07-0.4-0.36-0.750.03-0.47
0.970.87-0.460.72-0.71-0.460.860.510.5-0.910.790.58-0.070.39-0.450.760.20.180.53-0.330.690.760.690.350.28
-0.4-0.310.17-0.280.36-0.46-0.360.06-0.320.36-0.35-0.28-0.15-0.320.08-0.33-0.18-0.12-0.28-0.050.0-0.36-0.40.19-0.28
0.940.94-0.530.7-0.850.86-0.360.370.54-0.750.790.59-0.070.64-0.430.820.330.250.51-0.350.520.540.710.210.44
0.40.27-0.39-0.01-0.070.510.060.370.47-0.310.070.34-0.160.360.060.440.350.090.32-0.210.640.710.250.580.19
0.440.35-0.73-0.01-0.260.5-0.320.540.47-0.250.130.830.20.70.320.780.790.120.680.030.050.570.49-0.150.61
-0.9-0.830.22-0.850.79-0.910.36-0.75-0.31-0.25-0.87-0.390.04-0.20.59-0.520.02-0.14-0.370.29-0.71-0.56-0.61-0.33-0.19
0.870.88-0.110.97-0.870.79-0.350.790.070.13-0.870.380.130.13-0.60.52-0.130.150.35-0.140.550.40.730.10.21
0.540.46-0.720.24-0.430.58-0.280.590.340.83-0.390.380.380.530.230.850.710.080.790.150.080.590.69-0.270.67
-0.12-0.150.11-0.01-0.19-0.07-0.15-0.07-0.160.20.040.130.38-0.030.640.060.22-0.10.420.93-0.450.220.59-0.810.41
0.430.44-0.710.01-0.490.39-0.320.640.360.7-0.20.130.53-0.030.150.650.780.240.52-0.170.080.340.38-0.030.58
-0.55-0.61-0.12-0.730.41-0.450.08-0.430.060.320.59-0.60.230.640.15-0.060.5-0.080.30.74-0.660.10.07-0.630.27
0.780.74-0.840.4-0.530.76-0.330.820.440.78-0.520.520.850.060.65-0.060.560.310.81-0.220.310.640.690.040.4
0.140.07-0.63-0.28-0.180.2-0.180.330.350.790.02-0.130.710.220.780.50.56-0.220.50.17-0.210.40.33-0.30.76
0.270.35-0.460.18-0.160.18-0.120.250.090.12-0.140.150.08-0.10.24-0.080.31-0.220.46-0.270.27-0.030.080.18-0.31
0.530.48-0.80.23-0.410.53-0.280.510.320.68-0.370.350.790.420.520.30.810.50.460.140.120.540.66-0.230.25
-0.41-0.460.33-0.270.07-0.33-0.05-0.35-0.210.030.29-0.140.150.93-0.170.74-0.220.17-0.270.14-0.60.10.35-0.810.35
0.690.65-0.170.61-0.40.690.00.520.640.05-0.710.550.08-0.450.08-0.660.31-0.210.270.12-0.60.410.170.84-0.14
0.620.42-0.370.24-0.360.76-0.360.540.710.57-0.560.40.590.220.340.10.640.4-0.030.540.10.410.720.150.36
0.690.63-0.30.56-0.750.69-0.40.710.250.49-0.610.730.690.590.380.070.690.330.080.660.350.170.72-0.310.53
0.340.31-0.070.210.030.350.190.210.58-0.15-0.330.1-0.27-0.81-0.03-0.630.04-0.30.18-0.23-0.810.840.15-0.31-0.4
0.240.19-0.230.07-0.470.28-0.280.440.190.61-0.190.210.670.410.580.270.40.76-0.310.250.35-0.140.360.53-0.4
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Safety Insurance Account Relationship Matchups

Safety Insurance fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B2.1B2.1B2.0B2.0B1.6B
Total Stockholder Equity808.4M884.7M927.2M812.0M804.3M615.3M
Other Assets(1.0B)(1.1B)(965.4M)282.2M254.0M241.3M
Common Stock Shares Outstanding15.3M15.1M14.9M14.7M14.7M14.2M
Liabilities And Stockholders Equity2.0B2.1B2.1B2.0B2.0B1.6B
Other Stockholder Equity118.5M85.9M80.7M77.0M76.1M90.5M
Total Liab1.2B1.2B1.2B1.2B1.2B1.0B
Other Liab344.6M24.2M46.7M30.9M27.8M26.4M
Retained Earnings661.6M745.0M821.7M815.3M781.2M534.8M
Accounts Payable87.9M87.7M85.8M85.3M80.2M69.7M
Common Stock176K177K178K179K205.9K171.1K
Property Plant Equipment54.0M31M27.1M41.5M47.7M50.1M
Other Current Liab(87.9M)(118.7M)(85.8M)(122.0M)415.0M435.7M
Total Current Liabilities87.9M117.7M115.8M25.1M499.7M524.7M
Property Plant And Equipment Net34.0M31M27.1M23.3M31.5M17.2M
Net Debt(10.4M)7.2M(6.5M)33.0M11.6M12.2M
Cash44.4M53.8M63.6M25.3M38.2M42.6M
Non Current Assets Total1.4B1.5B1.5B69.4M1.6B1.7B
Non Currrent Assets Other(1.4B)(1.5B)(1.5B)(1.3B)(59.6M)(62.5M)
Cash And Short Term Investments1.3B1.3B1.3B1.1B517.6M719.0M
Net Receivables329.8M300.5M290.6M299.8M383.2M284.6M
Common Stock Total Equity175K176K177K178K204.7K184.6K
Short Term Investments1.2B1.3B1.2B1.1B31.0M29.5M
Non Current Liabilities Total39.7M78.6M72.4M1.1B661.1M694.1M
Other Current Assets296.1M351.6M298.6M260.0M369.1M387.6M
Property Plant And Equipment Gross9.9M15.6M54.0M53.1M61.1M64.1M
Total Current Assets1.6B1.6B1.6B1.6B369.1M507.2M
Accumulated Other Comprehensive Income28.2M53.5M24.6M(80.5M)(53.2M)(50.5M)
Intangible Assets74.3M75.0M73.0M7.9M7.6M7.2M
Net Tangible Assets808.4M884.7M927.2M787.1M905.1M820.1M
Good Will1.4B1.4B1.4B17.1M19.7M18.7M
Retained Earnings Total Equity616.7M661.6M745.0M821.7M945.0M615.1M
Capital Surpluse196.3M202.3M209.8M216.1M248.5M206.2M
Long Term Investments1.4B1.5B1.5B1.3B1.5B1.5B

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