United Capital Expenditures vs Net Income Analysis

UFCS Stock

USD 30.79 0.04 0.13%

United Fire financial indicator trend analysis is much more than just breaking down United Fire Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Fire Group is a good investment. Please check the relationship between United Fire Capital Expenditures and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Fire 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 main economic indicators.

Capital Expenditures vs Net Income

Capital Expenditures vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Fire Group Capital Expenditures account and Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between United Fire's Capital Expenditures and Net Income is -0.15. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Net Income in the same time period over historical financial statements of United Fire Group, assuming nothing else is changed. The correlation between historical values of United Fire's Capital Expenditures and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of United Fire Group are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Capital Expenditures i.e., United Fire's Capital Expenditures and Net Income go up and down completely randomly.

Correlation Coefficient

-0.15

Relationship Direction	Negative
Relationship Strength	Insignificant

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Capital Expenditures

Capital Expenditures are funds used by United Fire Group to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of United Fire operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in United Fire Group financial statement analysis. It represents the amount of money remaining after all of United Fire Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from United Fire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Fire Group 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 United Fire 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 main economic indicators.

Discontinued Operations is likely to gain to about 30.7 M in 2024, despite the fact that Tax Provision is likely to grow to (11.4 M).

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	980.3M	1.1B	634.4M
Total Revenue	1.1B	980.3M	1.1B	635.1M

Gross Profit Total Revenue

United Fire fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Cash	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Short Term Investments	Other Current Assets	Common Stock	Other Current Liab	Other Liab
Total Assets		0.09	0.87	-0.85	0.67	0.64	0.84	0.67	0.89	0.67	-0.02	-0.23	-0.58	0.42	-0.04	0.38	0.41	0.63	0.53	0.61	-0.84	-0.83	-0.4	-0.84	0.1	-0.09
Short Long Term Debt Total	0.09		0.13	0.17	0.18	-0.36	0.35	-0.21	0.3	-0.19	0.66	0.46	0.35	0.43	0.66	0.7	0.17	0.54	0.54	0.0	-0.39	-0.38	-0.37	-0.39	0.48	0.34
Total Stockholder Equity	0.87	0.13		-0.72	0.93	0.36	0.85	0.28	0.91	0.33	0.3	0.01	-0.31	0.68	0.25	0.67	0.12	0.57	0.46	0.4	-0.87	-0.88	-0.2	-0.87	0.45	0.13
Net Debt	-0.85	0.17	-0.72		-0.52	-0.65	-0.69	-0.63	-0.7	-0.55	0.22	0.31	0.63	-0.19	0.24	-0.14	-0.5	-0.65	-0.6	-0.72	0.66	0.64	0.18	0.66	0.11	0.15
Retained Earnings	0.67	0.18	0.93	-0.52		0.11	0.76	0.0	0.83	0.15	0.49	0.17	-0.09	0.73	0.44	0.78	-0.09	0.45	0.33	0.2	-0.8	-0.81	-0.2	-0.8	0.62	0.35
Other Assets	0.64	-0.36	0.36	-0.65	0.11		0.24	0.65	0.42	0.7	-0.66	-0.88	-0.98	-0.33	-0.7	-0.31	0.52	0.12	0.08	0.55	-0.22	-0.19	-0.06	-0.22	-0.5	-0.54
Common Stock Shares Outstanding	0.84	0.35	0.85	-0.69	0.76	0.24		0.39	0.85	0.45	0.41	0.2	-0.2	0.7	0.4	0.67	0.31	0.8	0.71	0.53	-0.99	-0.99	-0.58	-0.99	0.4	0.26
Non Current Liabilities Total	0.67	-0.21	0.28	-0.63	0.0	0.65	0.39		0.35	0.9	-0.51	-0.35	-0.57	-0.13	-0.45	-0.28	0.5	0.31	0.29	0.59	-0.34	-0.32	-0.42	-0.34	-0.43	-0.32
Other Stockholder Equity	0.89	0.3	0.91	-0.7	0.83	0.42	0.85	0.35		0.44	0.22	-0.08	-0.42	0.53	0.18	0.64	0.33	0.6	0.49	0.49	-0.88	-0.87	-0.39	-0.88	0.33	0.1
Total Liab	0.67	-0.19	0.33	-0.55	0.15	0.7	0.45	0.9	0.44		-0.44	-0.44	-0.63	-0.14	-0.4	-0.2	0.46	0.22	0.17	0.57	-0.4	-0.38	-0.56	-0.4	-0.34	-0.23
Property Plant And Equipment Net	-0.02	0.66	0.3	0.22	0.49	-0.66	0.41	-0.51	0.22	-0.44		0.79	0.69	0.82	0.99	0.86	-0.43	0.4	0.37	-0.36	-0.46	-0.48	-0.32	-0.46	0.85	0.68
Non Current Assets Total	-0.23	0.46	0.01	0.31	0.17	-0.88	0.2	-0.35	-0.08	-0.44	0.79		0.9	0.65	0.84	0.54	-0.4	0.24	0.25	-0.32	-0.22	-0.24	-0.22	-0.22	0.62	0.63
Non Currrent Assets Other	-0.58	0.35	-0.31	0.63	-0.09	-0.98	-0.2	-0.57	-0.42	-0.63	0.69	0.9		0.38	0.73	0.33	-0.55	-0.1	-0.06	-0.55	0.18	0.15	0.03	0.18	0.56	0.52
Net Receivables	0.42	0.43	0.68	-0.19	0.73	-0.33	0.7	-0.13	0.53	-0.14	0.82	0.65	0.38		0.81	0.85	-0.34	0.51	0.44	-0.13	-0.75	-0.77	-0.31	-0.75	0.77	0.53
Property Plant And Equipment Gross	-0.04	0.66	0.25	0.24	0.44	-0.7	0.4	-0.45	0.18	-0.4	0.99	0.84	0.73	0.81		0.82	-0.43	0.4	0.38	-0.35	-0.44	-0.47	-0.37	-0.44	0.82	0.7
Total Current Assets	0.38	0.7	0.67	-0.14	0.78	-0.31	0.67	-0.28	0.64	-0.2	0.86	0.54	0.33	0.85	0.82		-0.13	0.58	0.51	-0.01	-0.72	-0.74	-0.29	-0.72	0.84	0.53
Intangible Assets	0.41	0.17	0.12	-0.5	-0.09	0.52	0.31	0.5	0.33	0.46	-0.43	-0.4	-0.55	-0.34	-0.43	-0.13		0.45	0.46	0.91	-0.25	-0.21	-0.12	-0.25	-0.42	-0.36
Cash	0.63	0.54	0.57	-0.65	0.45	0.12	0.8	0.31	0.6	0.22	0.4	0.24	-0.1	0.51	0.4	0.58	0.45		0.99	0.53	-0.78	-0.77	-0.49	-0.78	0.27	0.24
Cash And Short Term Investments	0.53	0.54	0.46	-0.6	0.33	0.08	0.71	0.29	0.49	0.17	0.37	0.25	-0.06	0.44	0.38	0.51	0.46	0.99		0.51	-0.69	-0.68	-0.46	-0.69	0.22	0.23
Good Will	0.61	0.0	0.4	-0.72	0.2	0.55	0.53	0.59	0.49	0.57	-0.36	-0.32	-0.55	-0.13	-0.35	-0.01	0.91	0.53	0.51		-0.46	-0.42	-0.16	-0.46	-0.28	-0.25
Common Stock Total Equity	-0.84	-0.39	-0.87	0.66	-0.8	-0.22	-0.99	-0.34	-0.88	-0.4	-0.46	-0.22	0.18	-0.75	-0.44	-0.72	-0.25	-0.78	-0.69	-0.46		1.0	0.58	1.0	-0.43	-0.3
Short Term Investments	-0.83	-0.38	-0.88	0.64	-0.81	-0.19	-0.99	-0.32	-0.87	-0.38	-0.48	-0.24	0.15	-0.77	-0.47	-0.74	-0.21	-0.77	-0.68	-0.42	1.0		0.57	1.0	-0.45	-0.33
Other Current Assets	-0.4	-0.37	-0.2	0.18	-0.2	-0.06	-0.58	-0.42	-0.39	-0.56	-0.32	-0.22	0.03	-0.31	-0.37	-0.29	-0.12	-0.49	-0.46	-0.16	0.58	0.57		0.58	-0.07	-0.41
Common Stock	-0.84	-0.39	-0.87	0.66	-0.8	-0.22	-0.99	-0.34	-0.88	-0.4	-0.46	-0.22	0.18	-0.75	-0.44	-0.72	-0.25	-0.78	-0.69	-0.46	1.0	1.0	0.58		-0.43	-0.3
Other Current Liab	0.1	0.48	0.45	0.11	0.62	-0.5	0.4	-0.43	0.33	-0.34	0.85	0.62	0.56	0.77	0.82	0.84	-0.42	0.27	0.22	-0.28	-0.43	-0.45	-0.07	-0.43		0.33
Other Liab	-0.09	0.34	0.13	0.15	0.35	-0.54	0.26	-0.32	0.1	-0.23	0.68	0.63	0.52	0.53	0.7	0.53	-0.36	0.24	0.23	-0.25	-0.3	-0.33	-0.41	-0.3	0.33

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United Fire Account Relationship Matchups

United Fire fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	3.1B	3.0B	2.9B	3.1B	2.3B
Total Stockholder Equity	910.5M	825.1M	879.1M	740.1M	733.7M	531.5M
Net Debt	(104.9M)	(37.9M)	(82.1M)	(46.7M)	(52.0M)	(54.6M)
Retained Earnings	697.1M	555.9M	621.4M	620.6M	574.7M	345.6M
Other Assets	269.6M	268.6M	326.2M	2.1B	(1.3B)	(1.3B)
Common Stock Shares Outstanding	25.6M	25.0M	25.1M	25.3M	25.2M	25.9M
Liabilities And Stockholders Equity	3.0B	3.1B	3.0B	2.9B	3.1B	2.3B
Non Current Liabilities Total	20.6M	74.9M	76.8M	50M	2.4B	1.8B
Other Stockholder Equity	200.2M	202.4M	203.4M	207.0M	210.0M	108.6M
Total Liab	20.6M	74.9M	76.8M	2.1B	2.4B	1.6B
Property Plant And Equipment Net	117.0M	129.9M	137.7M	133.1M	134.2M	141.0M
Non Current Assets Total	2.2B	2.2B	2.1B	154.0M	3.9B	4.1B
Non Currrent Assets Other	(72.6M)	(66.8M)	(55.1M)	(1.7B)	1.9B	2.0B
Net Receivables	449.2M	544.0M	477.0M	365.7M	464.8M	488.0M
Property Plant And Equipment Gross	69.0M	97.2M	117.0M	129.9M	149.4M	156.8M
Total Current Assets	570.1M	632.1M	609.3M	580.1M	594.6M	427.2M
Intangible Assets	7.5M	6.7M	6.0M	5.3M	4.6M	6.7M
Cash	120.7M	87.9M	132.1M	96.7M	102.0M	132.1M
Cash And Short Term Investments	120.9M	88.1M	132.4M	96.9M	102.1M	138.0M
Other Current Assets	569.5M	518.7M	558.7M	11.3M	27.7M	26.3M
Accumulated Other Comprehensive Income	13.2M	66.9M	54.3M	(87.5M)	(51.0M)	(48.4M)
Other Current Liab	1.5B	1.5B	1.5B	1.5B	1.6B	1.1B
Other Liab	938.4M	666.4M	619.3M	981.9M	1.1B	1.2B
Property Plant Equipment	117.0M	129.9M	137.7M	159.6M	183.5M	192.7M
Total Current Liabilities	1.5B	1.6B	1.5B	1.5B	1.6B	1.3B
Net Tangible Assets	887.9M	818.4M	879.1M	734.8M	845.0M	900.0M
Accounts Payable	155.5M	126.6M	1.5B	515.3M	592.6M	332.7M
Retained Earnings Total Equity	715.5M	697.1M	555.9M	621.4M	714.6M	623.9M
Capital Surpluse	203.4M	200.2M	202.4M	203.4M	183.0M	164.8M
Inventory	(569.5M)	(518.7M)	(558.7M)	(629.1M)	(566.8M)	(538.5M)
Long Term Investments	2.2B	2.2B	2.1B	1.7B	1.7B	2.0B
Non Current Liabilities Other	1.8B	1.9B	2.0B	2.0B	1.8B	2.0B

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