United Dividends Paid vs Depreciation 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 Dividends Paid and its Depreciation 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.

Dividends Paid vs Depreciation

Dividends Paid vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Fire Group Dividends Paid account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between United Fire's Dividends Paid and Depreciation is -0.3. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Depreciation 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 Dividends Paid and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of United Fire Group are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Dividends Paid i.e., United Fire's Dividends Paid and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.3

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Dividends Paid

The total amount of dividends that a company has paid out to its shareholders over a specific period.

Depreciation

Depreciation indicates how much of United Fire Group value has been used up. For tax purposes United Fire can deduct the cost of the tangible assets it purchases as business expenses. However, United Fire Group must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

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

Click cells to compare fundamentals

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for United Stock Analysis

When running United Fire's price analysis, check to measure United Fire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy United Fire is operating at the current time. Most of United Fire's value examination focuses on studying past and present price action to predict the probability of United Fire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Fire's price. Additionally, you may evaluate how the addition of United Fire to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC