Safety Long Term Debt vs Common Stock 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 Long Term Debt and its Common Stock 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.

Long Term Debt vs Common Stock

Long Term Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Safety Insurance Long Term Debt account and Common Stock. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Safety Insurance's Long Term Debt and Common Stock is 0.13. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Common Stock 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 Long Term Debt and Common Stock 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 Safety Insurance Group are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Long Term Debt i.e., Safety Insurance's Long Term Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Long Term Debt

Long-term debt is a debt that Safety Insurance has held for over one year. Long-term debt appears on Safety Insurance Group 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 Safety Insurance Group 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.

Common Stock

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 Revenue	864.7M	785.1M	931.0M	729.3M
Interest Expense	522K	524K	818K	588.6K

Total Revenue Interest Expense

Safety Insurance fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Other Liab	Retained Earnings	Accounts Payable	Long Term Debt	Treasury Stock	Common Stock	Property Plant Equipment	Other Current Liab	Short Long Term Debt Total	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total
Total Assets		0.97	-0.48	0.81	-0.8	0.97	-0.4	0.94	0.4	0.44	-0.9	0.87	0.54	-0.12	0.43	-0.55	0.78	0.14	0.27	0.53	-0.41	0.69	0.62	0.69	0.34	0.24
Total Stockholder Equity	0.97		-0.46	0.85	-0.83	0.87	-0.31	0.94	0.27	0.35	-0.83	0.88	0.46	-0.15	0.44	-0.61	0.74	0.07	0.35	0.48	-0.46	0.65	0.42	0.63	0.31	0.19
Other Assets	-0.48	-0.46		-0.04	0.24	-0.46	0.17	-0.53	-0.39	-0.73	0.22	-0.11	-0.72	0.11	-0.71	-0.12	-0.84	-0.63	-0.46	-0.8	0.33	-0.17	-0.37	-0.3	-0.07	-0.23
Common Stock Shares Outstanding	0.81	0.85	-0.04		-0.79	0.72	-0.28	0.7	-0.01	-0.01	-0.85	0.97	0.24	-0.01	0.01	-0.73	0.4	-0.28	0.18	0.23	-0.27	0.61	0.24	0.56	0.21	0.07
Other Stockholder Equity	-0.8	-0.83	0.24	-0.79		-0.71	0.36	-0.85	-0.07	-0.26	0.79	-0.87	-0.43	-0.19	-0.49	0.41	-0.53	-0.18	-0.16	-0.41	0.07	-0.4	-0.36	-0.75	0.03	-0.47
Total Liab	0.97	0.87	-0.46	0.72	-0.71		-0.46	0.86	0.51	0.5	-0.91	0.79	0.58	-0.07	0.39	-0.45	0.76	0.2	0.18	0.53	-0.33	0.69	0.76	0.69	0.35	0.28
Other Liab	-0.4	-0.31	0.17	-0.28	0.36	-0.46		-0.36	0.06	-0.32	0.36	-0.35	-0.28	-0.15	-0.32	0.08	-0.33	-0.18	-0.12	-0.28	-0.05	0.0	-0.36	-0.4	0.19	-0.28
Retained Earnings	0.94	0.94	-0.53	0.7	-0.85	0.86	-0.36		0.37	0.54	-0.75	0.79	0.59	-0.07	0.64	-0.43	0.82	0.33	0.25	0.51	-0.35	0.52	0.54	0.71	0.21	0.44
Accounts Payable	0.4	0.27	-0.39	-0.01	-0.07	0.51	0.06	0.37		0.47	-0.31	0.07	0.34	-0.16	0.36	0.06	0.44	0.35	0.09	0.32	-0.21	0.64	0.71	0.25	0.58	0.19
Long Term Debt	0.44	0.35	-0.73	-0.01	-0.26	0.5	-0.32	0.54	0.47		-0.25	0.13	0.83	0.2	0.7	0.32	0.78	0.79	0.12	0.68	0.03	0.05	0.57	0.49	-0.15	0.61
Treasury Stock	-0.9	-0.83	0.22	-0.85	0.79	-0.91	0.36	-0.75	-0.31	-0.25		-0.87	-0.39	0.04	-0.2	0.59	-0.52	0.02	-0.14	-0.37	0.29	-0.71	-0.56	-0.61	-0.33	-0.19
Common Stock	0.87	0.88	-0.11	0.97	-0.87	0.79	-0.35	0.79	0.07	0.13	-0.87		0.38	0.13	0.13	-0.6	0.52	-0.13	0.15	0.35	-0.14	0.55	0.4	0.73	0.1	0.21
Property Plant Equipment	0.54	0.46	-0.72	0.24	-0.43	0.58	-0.28	0.59	0.34	0.83	-0.39	0.38		0.38	0.53	0.23	0.85	0.71	0.08	0.79	0.15	0.08	0.59	0.69	-0.27	0.67
Other Current Liab	-0.12	-0.15	0.11	-0.01	-0.19	-0.07	-0.15	-0.07	-0.16	0.2	0.04	0.13	0.38		-0.03	0.64	0.06	0.22	-0.1	0.42	0.93	-0.45	0.22	0.59	-0.81	0.41
Short Long Term Debt Total	0.43	0.44	-0.71	0.01	-0.49	0.39	-0.32	0.64	0.36	0.7	-0.2	0.13	0.53	-0.03		0.15	0.65	0.78	0.24	0.52	-0.17	0.08	0.34	0.38	-0.03	0.58
Total Current Liabilities	-0.55	-0.61	-0.12	-0.73	0.41	-0.45	0.08	-0.43	0.06	0.32	0.59	-0.6	0.23	0.64	0.15		-0.06	0.5	-0.08	0.3	0.74	-0.66	0.1	0.07	-0.63	0.27
Property Plant And Equipment Net	0.78	0.74	-0.84	0.4	-0.53	0.76	-0.33	0.82	0.44	0.78	-0.52	0.52	0.85	0.06	0.65	-0.06		0.56	0.31	0.81	-0.22	0.31	0.64	0.69	0.04	0.4
Net Debt	0.14	0.07	-0.63	-0.28	-0.18	0.2	-0.18	0.33	0.35	0.79	0.02	-0.13	0.71	0.22	0.78	0.5	0.56		-0.22	0.5	0.17	-0.21	0.4	0.33	-0.3	0.76
Cash	0.27	0.35	-0.46	0.18	-0.16	0.18	-0.12	0.25	0.09	0.12	-0.14	0.15	0.08	-0.1	0.24	-0.08	0.31	-0.22		0.46	-0.27	0.27	-0.03	0.08	0.18	-0.31
Non Current Assets Total	0.53	0.48	-0.8	0.23	-0.41	0.53	-0.28	0.51	0.32	0.68	-0.37	0.35	0.79	0.42	0.52	0.3	0.81	0.5	0.46		0.14	0.12	0.54	0.66	-0.23	0.25
Non Currrent Assets Other	-0.41	-0.46	0.33	-0.27	0.07	-0.33	-0.05	-0.35	-0.21	0.03	0.29	-0.14	0.15	0.93	-0.17	0.74	-0.22	0.17	-0.27	0.14		-0.6	0.1	0.35	-0.81	0.35
Cash And Short Term Investments	0.69	0.65	-0.17	0.61	-0.4	0.69	0.0	0.52	0.64	0.05	-0.71	0.55	0.08	-0.45	0.08	-0.66	0.31	-0.21	0.27	0.12	-0.6		0.41	0.17	0.84	-0.14
Net Receivables	0.62	0.42	-0.37	0.24	-0.36	0.76	-0.36	0.54	0.71	0.57	-0.56	0.4	0.59	0.22	0.34	0.1	0.64	0.4	-0.03	0.54	0.1	0.41		0.72	0.15	0.36
Common Stock Total Equity	0.69	0.63	-0.3	0.56	-0.75	0.69	-0.4	0.71	0.25	0.49	-0.61	0.73	0.69	0.59	0.38	0.07	0.69	0.33	0.08	0.66	0.35	0.17	0.72		-0.31	0.53
Short Term Investments	0.34	0.31	-0.07	0.21	0.03	0.35	0.19	0.21	0.58	-0.15	-0.33	0.1	-0.27	-0.81	-0.03	-0.63	0.04	-0.3	0.18	-0.23	-0.81	0.84	0.15	-0.31		-0.4
Non Current Liabilities Total	0.24	0.19	-0.23	0.07	-0.47	0.28	-0.28	0.44	0.19	0.61	-0.19	0.21	0.67	0.41	0.58	0.27	0.4	0.76	-0.31	0.25	0.35	-0.14	0.36	0.53	-0.4

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Safety Insurance Account Relationship Matchups

Safety Insurance fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	2.1B	2.1B	2.0B	2.0B	1.6B
Total Stockholder Equity	808.4M	884.7M	927.2M	812.0M	804.3M	615.3M
Other Assets	(1.0B)	(1.1B)	(965.4M)	282.2M	254.0M	241.3M
Common Stock Shares Outstanding	15.3M	15.1M	14.9M	14.7M	14.7M	14.2M
Liabilities And Stockholders Equity	2.0B	2.1B	2.1B	2.0B	2.0B	1.6B
Other Stockholder Equity	118.5M	85.9M	80.7M	77.0M	76.1M	90.5M
Total Liab	1.2B	1.2B	1.2B	1.2B	1.2B	1.0B
Other Liab	344.6M	24.2M	46.7M	30.9M	27.8M	26.4M
Retained Earnings	661.6M	745.0M	821.7M	815.3M	781.2M	534.8M
Accounts Payable	87.9M	87.7M	85.8M	85.3M	80.2M	69.7M
Common Stock	176K	177K	178K	179K	205.9K	171.1K
Property Plant Equipment	54.0M	31M	27.1M	41.5M	47.7M	50.1M
Other Current Liab	(87.9M)	(118.7M)	(85.8M)	(122.0M)	415.0M	435.7M
Total Current Liabilities	87.9M	117.7M	115.8M	25.1M	499.7M	524.7M
Property Plant And Equipment Net	34.0M	31M	27.1M	23.3M	31.5M	17.2M
Net Debt	(10.4M)	7.2M	(6.5M)	33.0M	11.6M	12.2M
Cash	44.4M	53.8M	63.6M	25.3M	38.2M	42.6M
Non Current Assets Total	1.4B	1.5B	1.5B	69.4M	1.6B	1.7B
Non Currrent Assets Other	(1.4B)	(1.5B)	(1.5B)	(1.3B)	(59.6M)	(62.5M)
Cash And Short Term Investments	1.3B	1.3B	1.3B	1.1B	517.6M	719.0M
Net Receivables	329.8M	300.5M	290.6M	299.8M	383.2M	284.6M
Common Stock Total Equity	175K	176K	177K	178K	204.7K	184.6K
Short Term Investments	1.2B	1.3B	1.2B	1.1B	31.0M	29.5M
Non Current Liabilities Total	39.7M	78.6M	72.4M	1.1B	661.1M	694.1M
Other Current Assets	296.1M	351.6M	298.6M	260.0M	369.1M	387.6M
Property Plant And Equipment Gross	9.9M	15.6M	54.0M	53.1M	61.1M	64.1M
Total Current Assets	1.6B	1.6B	1.6B	1.6B	369.1M	507.2M
Accumulated Other Comprehensive Income	28.2M	53.5M	24.6M	(80.5M)	(53.2M)	(50.5M)
Intangible Assets	74.3M	75.0M	73.0M	7.9M	7.6M	7.2M
Net Tangible Assets	808.4M	884.7M	927.2M	787.1M	905.1M	820.1M
Good Will	1.4B	1.4B	1.4B	17.1M	19.7M	18.7M
Retained Earnings Total Equity	616.7M	661.6M	745.0M	821.7M	945.0M	615.1M
Capital Surpluse	196.3M	202.3M	209.8M	216.1M	248.5M	206.2M
Long Term Investments	1.4B	1.5B	1.5B	1.3B	1.5B	1.5B

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