Southwest Interest Coverage vs Payout Ratio Analysis

SWX Stock

USD 74.78 0.35 0.47%

Southwest Gas financial indicator trend analysis is much more than just breaking down Southwest Gas Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Southwest Gas Holdings is a good investment. Please check the relationship between Southwest Gas Interest Coverage and its Payout Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southwest Gas Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Interest Coverage vs Payout Ratio

Interest Coverage vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Southwest Gas Holdings Interest Coverage account and Payout Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Southwest Gas' Interest Coverage and Payout Ratio is -0.08. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Southwest Gas Holdings, assuming nothing else is changed. The correlation between historical values of Southwest Gas' Interest Coverage and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Southwest Gas Holdings are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Interest Coverage i.e., Southwest Gas' Interest Coverage and Payout Ratio go up and down completely randomly.

Correlation Coefficient

-0.08

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Interest Coverage

Payout Ratio

Payout Ratio is the proportion of Southwest Gas Holdings earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Southwest Gas Holdings dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Southwest Gas Holdings is paying out more in dividends than it makes in net income.

Most indicators from Southwest Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southwest Gas Holdings 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 Southwest Gas Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Issuance Of Capital Stock is likely to rise to about 289.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 143.4 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	820.9M	994.9M	1.0B	927.5M
Total Revenue	3.7B	5.0B	5.4B	5.7B

Gross Profit Total Revenue

Southwest Gas fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Other Liab
Common Stock Shares Outstanding		0.64	0.56	-0.28	0.27	0.72	0.72	0.57	0.72	0.53	0.16	0.7	0.54	0.16	-0.01	0.98	0.7	-0.03	0.58	0.6	0.64	0.21	0.38	0.98	-0.8	0.68
Total Assets	0.64		0.98	0.2	0.65	0.95	0.97	0.98	0.48	0.72	0.59	0.98	0.21	0.59	0.67	0.71	0.98	0.64	0.95	0.99	0.98	0.72	0.79	0.76	-0.87	0.84
Short Long Term Debt Total	0.56	0.98		0.27	0.72	0.89	0.92	1.0	0.35	0.73	0.66	0.94	0.17	0.66	0.74	0.63	0.94	0.74	0.93	0.99	0.96	0.77	0.86	0.69	-0.84	0.74
Other Current Liab	-0.28	0.2	0.27		0.71	-0.03	0.0	0.26	-0.31	0.58	0.58	0.01	-0.33	0.58	0.74	-0.24	0.03	0.57	0.18	0.27	0.12	0.75	0.4	-0.15	-0.18	-0.12
Total Current Liabilities	0.27	0.65	0.72	0.71		0.41	0.49	0.71	0.16	0.86	0.87	0.52	0.0	0.87	0.7	0.3	0.49	0.62	0.5	0.72	0.57	0.84	0.91	0.38	-0.59	0.3
Total Stockholder Equity	0.72	0.95	0.89	-0.03	0.41		0.99	0.89	0.58	0.56	0.38	0.98	0.28	0.38	0.52	0.79	0.99	0.49	0.95	0.92	0.96	0.53	0.59	0.82	-0.84	0.92
Property Plant And Equipment Net	0.72	0.97	0.92	0.0	0.49	0.99		0.93	0.59	0.59	0.47	1.0	0.29	0.47	0.54	0.79	0.99	0.52	0.94	0.95	0.98	0.55	0.67	0.82	-0.85	0.91
Net Debt	0.57	0.98	1.0	0.26	0.71	0.89	0.93		0.35	0.73	0.65	0.94	0.17	0.65	0.73	0.63	0.94	0.73	0.93	0.99	0.96	0.77	0.85	0.69	-0.84	0.74
Retained Earnings	0.72	0.48	0.35	-0.31	0.16	0.58	0.59	0.35		0.27	0.26	0.59	0.47	0.26	-0.11	0.76	0.53	-0.21	0.31	0.42	0.47	-0.06	0.28	0.71	-0.55	0.75
Accounts Payable	0.53	0.72	0.73	0.58	0.86	0.56	0.59	0.73	0.27		0.58	0.59	0.13	0.58	0.57	0.52	0.61	0.42	0.62	0.76	0.62	0.88	0.74	0.62	-0.76	0.43
Cash	0.16	0.59	0.66	0.58	0.87	0.38	0.47	0.65	0.26	0.58		0.52	-0.09	1.0	0.68	0.25	0.45	0.66	0.42	0.64	0.56	0.61	0.84	0.28	-0.51	0.32
Non Current Assets Total	0.7	0.98	0.94	0.01	0.52	0.98	1.0	0.94	0.59	0.59	0.52		0.29	0.52	0.55	0.78	0.99	0.54	0.93	0.95	0.98	0.55	0.72	0.8	-0.84	0.9
Non Currrent Assets Other	0.54	0.21	0.17	-0.33	0.0	0.28	0.29	0.17	0.47	0.13	-0.09	0.29		-0.09	-0.19	0.51	0.28	-0.13	0.14	0.19	0.21	-0.11	0.09	0.48	-0.38	0.45
Cash And Short Term Investments	0.16	0.59	0.66	0.58	0.87	0.38	0.47	0.65	0.26	0.58	1.0	0.52	-0.09		0.68	0.25	0.45	0.66	0.42	0.64	0.56	0.61	0.84	0.28	-0.51	0.32
Net Receivables	-0.01	0.67	0.74	0.74	0.7	0.52	0.54	0.73	-0.11	0.57	0.68	0.55	-0.19	0.68		0.09	0.57	0.93	0.71	0.71	0.64	0.84	0.62	0.18	-0.52	0.38
Common Stock Total Equity	0.98	0.71	0.63	-0.24	0.3	0.79	0.79	0.63	0.76	0.52	0.25	0.78	0.51	0.25	0.09		0.77	0.08	0.65	0.67	0.72	0.24	0.43	0.99	-0.83	0.76
Non Current Liabilities Total	0.7	0.98	0.94	0.03	0.49	0.99	0.99	0.94	0.53	0.61	0.45	0.99	0.28	0.45	0.57	0.77		0.55	0.96	0.96	0.98	0.6	0.67	0.81	-0.87	0.89
Other Current Assets	-0.03	0.64	0.74	0.57	0.62	0.49	0.52	0.73	-0.21	0.42	0.66	0.54	-0.13	0.66	0.93	0.08	0.55		0.69	0.68	0.63	0.72	0.64	0.14	-0.46	0.32
Other Stockholder Equity	0.58	0.95	0.93	0.18	0.5	0.95	0.94	0.93	0.31	0.62	0.42	0.93	0.14	0.42	0.71	0.65	0.96	0.69		0.93	0.95	0.7	0.62	0.71	-0.82	0.79
Total Liab	0.6	0.99	0.99	0.27	0.72	0.92	0.95	0.99	0.42	0.76	0.64	0.95	0.19	0.64	0.71	0.67	0.96	0.68	0.93		0.97	0.77	0.84	0.73	-0.86	0.79
Property Plant And Equipment Gross	0.64	0.98	0.96	0.12	0.57	0.96	0.98	0.96	0.47	0.62	0.56	0.98	0.21	0.56	0.64	0.72	0.98	0.63	0.95	0.97		0.64	0.73	0.76	-0.83	0.83
Total Current Assets	0.21	0.72	0.77	0.75	0.84	0.53	0.55	0.77	-0.06	0.88	0.61	0.55	-0.11	0.61	0.84	0.24	0.6	0.72	0.7	0.77	0.64		0.72	0.36	-0.64	0.34
Short Term Debt	0.38	0.79	0.86	0.4	0.91	0.59	0.67	0.85	0.28	0.74	0.84	0.72	0.09	0.84	0.62	0.43	0.67	0.64	0.62	0.84	0.73	0.72		0.48	-0.62	0.47
Common Stock	0.98	0.76	0.69	-0.15	0.38	0.82	0.82	0.69	0.71	0.62	0.28	0.8	0.48	0.28	0.18	0.99	0.81	0.14	0.71	0.73	0.76	0.36	0.48		-0.88	0.76
Current Deferred Revenue	-0.8	-0.87	-0.84	-0.18	-0.59	-0.84	-0.85	-0.84	-0.55	-0.76	-0.51	-0.84	-0.38	-0.51	-0.52	-0.83	-0.87	-0.46	-0.82	-0.86	-0.83	-0.64	-0.62	-0.88		-0.75
Other Liab	0.68	0.84	0.74	-0.12	0.3	0.92	0.91	0.74	0.75	0.43	0.32	0.9	0.45	0.32	0.38	0.76	0.89	0.32	0.79	0.79	0.83	0.34	0.47	0.76	-0.75

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Southwest Gas Account Relationship Matchups

Southwest Gas fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	54.3M	56.1M	59.3M	65.6M	71.0M	40.3M
Total Assets	8.2B	8.7B	12.8B	13.2B	11.9B	12.5B
Short Long Term Debt Total	2.7B	2.9B	6.3B	6.0B	5.4B	5.7B
Other Current Liab	397.3M	461.1M	471.1M	1.1B	556.1M	351.0M
Total Current Liabilities	1.1B	912.0M	3.1B	3.4B	1.7B	890.0M
Total Stockholder Equity	2.5B	2.7B	3.0B	3.1B	3.3B	3.5B
Property Plant And Equipment Net	6.5B	7.0B	8.9B	8.3B	8.6B	9.1B
Net Debt	2.6B	2.8B	6.1B	5.9B	5.3B	5.6B
Retained Earnings	1.0B	1.1B	1.1B	747.1M	738.8M	437.9M
Accounts Payable	238.9M	231.3M	353.4M	662.1M	346.9M	211.7M
Cash	49.5M	83.4M	222.7M	123.1M	106.5M	55.0M
Non Current Assets Total	7.3B	7.9B	11.2B	9.5B	10.0B	10.5B
Non Currrent Assets Other	364.9M	368.0M	458.5M	395.9M	560.6M	300.6M
Cash And Short Term Investments	49.5M	83.4M	222.7M	123.1M	106.5M	55.0M
Net Receivables	584.9M	615.5M	808.8M	963.1M	981.5M	1.0B
Common Stock Total Equity	54.7M	56.6M	58.8M	62.1M	71.4M	46.7M
Liabilities And Stockholders Equity	8.2B	8.7B	12.8B	13.2B	11.9B	12.5B
Non Current Liabilities Total	4.5B	5.0B	6.5B	6.6B	6.8B	7.1B
Other Current Assets	181.0M	172.2M	583.2M	433.9M	709.7M	745.2M
Other Stockholder Equity	1.5B	1.6B	1.8B	2.3B	2.5B	2.7B
Total Liab	5.6B	5.9B	9.6B	10.0B	8.5B	8.9B
Property Plant And Equipment Gross	6.3B	9.9B	12.8B	11.6B	12.3B	12.9B
Total Current Assets	859.9M	871.0M	1.6B	3.7B	1.9B	2.0B
Accumulated Other Comprehensive Income	(56.7M)	(61.0M)	(46.8M)	(44.2M)	(43.8M)	(46.0M)
Short Term Debt	374.5M	158.3M	2.2B	1.6B	732.5M	769.1M
Common Stock	56.6M	58.8M	62.1M	68.7M	73.2M	48.8M
Current Deferred Revenue	69.2M	67.9M	59.3M	51.2M	48.5M	67.7M
Other Liab	2.1B	2.3B	2.4B	2.0B	2.3B	2.5B
Other Assets	629.9M	7.5B	458.7M	137.0M	(552.9M)	(525.2M)
Long Term Debt	2.3B	2.7B	4.1B	4.4B	4.6B	4.8B
Property Plant Equipment	6.3B	7.0B	8.9B	1.1B	1.3B	1.3B
Inventory	44.4M	2.1M	291.1M	2.2B	83.4M	79.2M
Net Tangible Assets	2.2B	2.8B	3.2B	2.3B	2.6B	2.2B
Good Will	343.0M	345.2M	1.8B	787.3M	789.7M	549.4M
Deferred Long Term Liab	496.9M	508.9M	458.5M	395.9M	356.4M	366.4M
Long Term Investments	117.3M	114.4M	132.1M	140.9M	126.8M	143.1M
Short Long Term Debt	374.5M	147.4M	2.2B	1.6B	671.1M	605.0M
Long Term Debt Total	2.3B	2.7B	4.1B	4.4B	5.1B	2.8B
Capital Surpluse	1.5B	1.6B	1.8B	2.3B	2.6B	1.5B
Intangible Assets	150.5M	140.2M	426.5M	395.2M	369.0M	219.6M

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Southwest Interest Coverage vs Payout Ratio Analysis

Interest Coverage vs Payout Ratio

Interest Coverage vs Payout Ratio Correlation Analysis

Correlation Coefficient

Interest Coverage

Payout Ratio

Southwest Gas fundamental ratios Correlations

Southwest Gas Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Southwest Gas fundamental ratios Accounts

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Additional Tools for Southwest Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Stockholder Equity

Current Deferred Revenue	- 0.88	Common Stock
Current Deferred Revenue	- 0.87	Non Current Liabilities Total
Current Deferred Revenue	- 0.87	Total Assets
Current Deferred Revenue	- 0.86	Total Liab
Current Deferred Revenue	- 0.85	Property Plant And Equipment Net
Current Deferred Revenue	- 0.84	Non Current Assets Total