Zurn Other Non Cash Items vs Capital Expenditures Analysis

ZWS Stock  USD 37.48  0.33  0.89%   
Zurn Elkay financial indicator trend analysis is more than just analyzing Zurn Elkay Water current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zurn Elkay Water is a good investment. Please check the relationship between Zurn Elkay Other Non Cash Items and its Capital Expenditures accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zurn Elkay Water. 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.

Other Non Cash Items vs Capital Expenditures

Other Non Cash Items vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zurn Elkay Water Other Non Cash Items account and Capital Expenditures. At this time, the significance of the direction appears to have no relationship.
The correlation between Zurn Elkay's Other Non Cash Items and Capital Expenditures is 0.07. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Zurn Elkay Water, assuming nothing else is changed. The correlation between historical values of Zurn Elkay's Other Non Cash Items and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Zurn Elkay Water are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Other Non Cash Items i.e., Zurn Elkay's Other Non Cash Items and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.07
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Non Cash Items

Capital Expenditures

Capital Expenditures are funds used by Zurn Elkay Water to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Zurn Elkay operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Zurn Elkay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zurn Elkay Water 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zurn Elkay Water. 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.
At this time, Zurn Elkay's Discontinued Operations is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 18.98 in 2024, whereas Tax Provision is likely to drop slightly above 29.1 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense34.7M26.9M38.5M75.3M
Depreciation And Amortization81.7M73.5M87.9M55.6M

Zurn Elkay fundamental ratios Correlations

0.780.590.860.280.80.590.380.670.81-0.060.670.790.250.780.80.24-0.020.840.950.190.370.720.310.00.42
0.780.780.81-0.170.630.670.510.630.44-0.160.630.55-0.10.850.450.45-0.420.920.830.41-0.010.62-0.11-0.270.23
0.590.780.59-0.080.580.460.70.490.31-0.10.490.44-0.150.610.190.39-0.450.670.620.36-0.20.46-0.34-0.730.36
0.860.810.59-0.090.860.810.340.80.770.230.80.880.050.90.790.01-0.260.930.940.00.230.870.09-0.120.47
0.28-0.17-0.08-0.09-0.04-0.42-0.21-0.190.18-0.4-0.19-0.010.78-0.270.170.260.82-0.210.060.220.57-0.260.650.28-0.1
0.80.630.580.86-0.040.880.40.830.920.490.830.960.00.890.85-0.29-0.240.850.86-0.340.350.93-0.04-0.250.8
0.590.670.460.81-0.420.880.250.80.750.580.80.84-0.180.950.72-0.36-0.420.880.74-0.390.260.89-0.2-0.240.65
0.380.510.70.34-0.210.40.250.350.15-0.150.350.24-0.610.370.010.3-0.720.420.40.28-0.530.39-0.64-0.410.52
0.670.630.490.8-0.190.830.80.350.740.461.00.77-0.070.850.68-0.26-0.310.810.84-0.260.20.8-0.09-0.250.67
0.810.440.310.770.180.920.750.150.740.470.740.940.230.760.96-0.360.050.720.81-0.410.590.830.270.050.72
-0.06-0.16-0.10.23-0.40.490.58-0.150.460.470.460.52-0.140.340.41-0.91-0.160.190.12-0.910.220.53-0.19-0.210.59
0.670.630.490.8-0.190.830.80.351.00.740.460.77-0.070.850.68-0.26-0.310.810.84-0.260.20.8-0.09-0.250.67
0.790.550.440.88-0.010.960.840.240.770.940.520.770.120.840.92-0.33-0.130.810.85-0.380.390.950.14-0.110.68
0.25-0.1-0.150.050.780.0-0.18-0.61-0.070.23-0.14-0.070.12-0.10.330.080.91-0.070.130.050.71-0.140.860.22-0.3
0.780.850.610.9-0.270.890.950.370.850.760.340.850.84-0.10.75-0.08-0.390.990.89-0.120.230.89-0.1-0.230.57
0.80.450.190.790.170.850.720.010.680.960.410.680.920.330.75-0.310.140.710.81-0.360.620.830.420.20.54
0.240.450.390.010.26-0.29-0.360.3-0.26-0.36-0.91-0.26-0.330.08-0.08-0.31-0.020.080.110.99-0.31-0.30.11-0.03-0.54
-0.02-0.42-0.45-0.260.82-0.24-0.42-0.72-0.310.05-0.16-0.31-0.130.91-0.390.14-0.02-0.38-0.18-0.040.72-0.390.820.42-0.35
0.840.920.670.93-0.210.850.880.420.810.720.190.810.81-0.070.990.710.08-0.380.920.040.190.85-0.06-0.220.48
0.950.830.620.940.060.860.740.40.840.810.120.840.850.130.890.810.11-0.180.920.080.270.830.18-0.110.49
0.190.410.360.00.22-0.34-0.390.28-0.26-0.41-0.91-0.26-0.380.05-0.12-0.360.99-0.040.040.08-0.34-0.350.09-0.02-0.57
0.37-0.01-0.20.230.570.350.26-0.530.20.590.220.20.390.710.230.62-0.310.720.190.27-0.340.160.620.360.2
0.720.620.460.87-0.260.930.890.390.80.830.530.80.95-0.140.890.83-0.3-0.390.850.83-0.350.16-0.08-0.140.69
0.31-0.11-0.340.090.65-0.04-0.2-0.64-0.090.27-0.19-0.090.140.86-0.10.420.110.82-0.060.180.090.62-0.080.51-0.39
0.0-0.27-0.73-0.120.28-0.25-0.24-0.41-0.250.05-0.21-0.25-0.110.22-0.230.2-0.030.42-0.22-0.11-0.020.36-0.140.51-0.24
0.420.230.360.47-0.10.80.650.520.670.720.590.670.68-0.30.570.54-0.54-0.350.480.49-0.570.20.69-0.39-0.24
Click cells to compare fundamentals

Zurn Elkay Account Relationship Matchups

Zurn Elkay fundamental ratios Accounts

201920202021202220232024 (projected)
Short Long Term Debt Total1.4B2.4B539.5M570.1M543.2M904.1M
Non Currrent Assets Other82.6M(532.8M)105.3M(85.4M)20.8M11.4M
Other Assets76.8M2.0B91.2M93.4M107.4M102.0M
Long Term Debt1.4B1.1B533.9M529.8M473.6M824.7M
Long Term Debt Total1.4B1.2B533.9M530.2M477.2M896.6M
Capital Surpluse1.3B1.4B1.4B2.9B3.3B1.7B
Cash And Equivalents573.4M255.6M96.6M124.8M112.3M106.7M
Property Plant Equipment449.9M506.1M78.5M226.4M203.8M279.0M
Other Liab397.8M395M168.1M395.3M355.8M286.4M
Net Tangible Assets(525.1M)(458.4M)(306.8M)(171.7M)(197.5M)(207.3M)
Net Invested Capital2.5B2.8B665.9M2.2B2.1B1.7B
Short Long Term Debt1.2M76.4M5.6M5.5M6.3M6.0M
Non Current Liabilities Other111M150.3M41.7M44.4M65M65.5M
Net Working Capital585.9M808.8M234.4M468.2M446.9M411.7M

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Additional Tools for Zurn Stock Analysis

When running Zurn Elkay's price analysis, check to measure Zurn Elkay'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 Zurn Elkay is operating at the current time. Most of Zurn Elkay's value examination focuses on studying past and present price action to predict the probability of Zurn Elkay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zurn Elkay's price. Additionally, you may evaluate how the addition of Zurn Elkay to your portfolios can decrease your overall portfolio volatility.