SHW Stock | | | USD 388.30 4.98 1.30% |
Sherwin Williams financial indicator trend analysis is much more than just breaking down Sherwin Williams prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sherwin Williams is a good investment. Please check the relationship between Sherwin Williams Net Receivables and its Long Term Debt accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sherwin Williams Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Net Receivables vs Long Term Debt
Net Receivables vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sherwin Williams Net Receivables account and
Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sherwin Williams' Net Receivables and Long Term Debt is 0.93. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Sherwin Williams Co, assuming nothing else is changed. The correlation between historical values of Sherwin Williams' Net Receivables and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Sherwin Williams Co are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Receivables i.e., Sherwin Williams' Net Receivables and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Receivables
Long Term Debt
Long-term debt is a debt that Sherwin Williams has held for over one year. Long-term debt appears on Sherwin Williams Co 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 Sherwin Williams Co 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.
Most indicators from Sherwin Williams' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sherwin Williams 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 Sherwin Williams Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
At this time, Sherwin Williams'
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.33 in 2024, whereas
Tax Provision is likely to drop slightly above 429.1
M in 2024.
Sherwin Williams fundamental ratios Correlations
Click cells to compare fundamentals
Sherwin Williams Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sherwin Williams fundamental ratios Accounts
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Additional Tools for Sherwin Stock Analysis
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measure Sherwin Williams' 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 Sherwin Williams is operating at the current time. Most of Sherwin Williams' value examination focuses on studying past and present price action to
predict the probability of Sherwin Williams' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sherwin Williams' price. Additionally, you may evaluate how the addition of Sherwin Williams to your portfolios can decrease your overall portfolio volatility.