Zurn Cash And Short Term Investments vs Other Current Assets Analysis

ZWS Stock

USD 40.28 0.46 1.16%

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 Cash And Short Term Investments and its Other Current Assets 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.

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zurn Elkay Water Cash And Short Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Zurn Elkay's Cash And Short Term Investments and Other Current Assets is -0.26. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets 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 Cash And Short Term Investments and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Zurn Elkay Water are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Zurn Elkay's Cash And Short Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.26

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Zurn Elkay Water balance sheet. This account contains Zurn Elkay investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Zurn Elkay Water fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

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 Expense	34.7M	26.9M	38.5M	75.3M
Depreciation And Amortization	81.7M	73.5M	87.9M	55.6M

Interest Expense Depreciation And Amortization

Zurn Elkay fundamental ratios Correlations

	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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Current Deferred Revenue	Good Will
Total Assets		0.78	0.59	0.86	0.28	0.8	0.59	0.38	0.67	0.81	-0.06	0.67	0.79	0.25	0.78	0.8	0.24	-0.02	0.84	0.95	0.19	0.37	0.72	0.31	0.0	0.42
Short Long Term Debt Total	0.78		0.78	0.81	-0.17	0.63	0.67	0.51	0.63	0.44	-0.16	0.63	0.55	-0.1	0.85	0.45	0.45	-0.42	0.92	0.83	0.41	-0.01	0.62	-0.11	-0.27	0.23
Other Current Liab	0.59	0.78		0.59	-0.08	0.58	0.46	0.7	0.49	0.31	-0.1	0.49	0.44	-0.15	0.61	0.19	0.39	-0.45	0.67	0.62	0.36	-0.2	0.46	-0.34	-0.73	0.36
Total Current Liabilities	0.86	0.81	0.59		-0.09	0.86	0.81	0.34	0.8	0.77	0.23	0.8	0.88	0.05	0.9	0.79	0.01	-0.26	0.93	0.94	0.0	0.23	0.87	0.09	-0.12	0.47
Total Stockholder Equity	0.28	-0.17	-0.08	-0.09		-0.04	-0.42	-0.21	-0.19	0.18	-0.4	-0.19	-0.01	0.78	-0.27	0.17	0.26	0.82	-0.21	0.06	0.22	0.57	-0.26	0.65	0.28	-0.1
Property Plant And Equipment Net	0.8	0.63	0.58	0.86	-0.04		0.88	0.4	0.83	0.92	0.49	0.83	0.96	0.0	0.89	0.85	-0.29	-0.24	0.85	0.86	-0.34	0.35	0.93	-0.04	-0.25	0.8
Net Debt	0.59	0.67	0.46	0.81	-0.42	0.88		0.25	0.8	0.75	0.58	0.8	0.84	-0.18	0.95	0.72	-0.36	-0.42	0.88	0.74	-0.39	0.26	0.89	-0.2	-0.24	0.65
Retained Earnings	0.38	0.51	0.7	0.34	-0.21	0.4	0.25		0.35	0.15	-0.15	0.35	0.24	-0.61	0.37	0.01	0.3	-0.72	0.42	0.4	0.28	-0.53	0.39	-0.64	-0.41	0.52
Cash	0.67	0.63	0.49	0.8	-0.19	0.83	0.8	0.35		0.74	0.46	1.0	0.77	-0.07	0.85	0.68	-0.26	-0.31	0.81	0.84	-0.26	0.2	0.8	-0.09	-0.25	0.67
Non Current Assets Total	0.81	0.44	0.31	0.77	0.18	0.92	0.75	0.15	0.74		0.47	0.74	0.94	0.23	0.76	0.96	-0.36	0.05	0.72	0.81	-0.41	0.59	0.83	0.27	0.05	0.72
Non Currrent Assets Other	-0.06	-0.16	-0.1	0.23	-0.4	0.49	0.58	-0.15	0.46	0.47		0.46	0.52	-0.14	0.34	0.41	-0.91	-0.16	0.19	0.12	-0.91	0.22	0.53	-0.19	-0.21	0.59
Cash And Short Term Investments	0.67	0.63	0.49	0.8	-0.19	0.83	0.8	0.35	1.0	0.74	0.46		0.77	-0.07	0.85	0.68	-0.26	-0.31	0.81	0.84	-0.26	0.2	0.8	-0.09	-0.25	0.67
Net Receivables	0.79	0.55	0.44	0.88	-0.01	0.96	0.84	0.24	0.77	0.94	0.52	0.77		0.12	0.84	0.92	-0.33	-0.13	0.81	0.85	-0.38	0.39	0.95	0.14	-0.11	0.68
Common Stock Shares Outstanding	0.25	-0.1	-0.15	0.05	0.78	0.0	-0.18	-0.61	-0.07	0.23	-0.14	-0.07	0.12		-0.1	0.33	0.08	0.91	-0.07	0.13	0.05	0.71	-0.14	0.86	0.22	-0.3
Non Current Liabilities Total	0.78	0.85	0.61	0.9	-0.27	0.89	0.95	0.37	0.85	0.76	0.34	0.85	0.84	-0.1		0.75	-0.08	-0.39	0.99	0.89	-0.12	0.23	0.89	-0.1	-0.23	0.57
Inventory	0.8	0.45	0.19	0.79	0.17	0.85	0.72	0.01	0.68	0.96	0.41	0.68	0.92	0.33	0.75		-0.31	0.14	0.71	0.81	-0.36	0.62	0.83	0.42	0.2	0.54
Other Current Assets	0.24	0.45	0.39	0.01	0.26	-0.29	-0.36	0.3	-0.26	-0.36	-0.91	-0.26	-0.33	0.08	-0.08	-0.31		-0.02	0.08	0.11	0.99	-0.31	-0.3	0.11	-0.03	-0.54
Other Stockholder Equity	-0.02	-0.42	-0.45	-0.26	0.82	-0.24	-0.42	-0.72	-0.31	0.05	-0.16	-0.31	-0.13	0.91	-0.39	0.14	-0.02		-0.38	-0.18	-0.04	0.72	-0.39	0.82	0.42	-0.35
Total Liab	0.84	0.92	0.67	0.93	-0.21	0.85	0.88	0.42	0.81	0.72	0.19	0.81	0.81	-0.07	0.99	0.71	0.08	-0.38		0.92	0.04	0.19	0.85	-0.06	-0.22	0.48
Total Current Assets	0.95	0.83	0.62	0.94	0.06	0.86	0.74	0.4	0.84	0.81	0.12	0.84	0.85	0.13	0.89	0.81	0.11	-0.18	0.92		0.08	0.27	0.83	0.18	-0.11	0.49
Short Term Debt	0.19	0.41	0.36	0.0	0.22	-0.34	-0.39	0.28	-0.26	-0.41	-0.91	-0.26	-0.38	0.05	-0.12	-0.36	0.99	-0.04	0.04	0.08		-0.34	-0.35	0.09	-0.02	-0.57
Intangible Assets	0.37	-0.01	-0.2	0.23	0.57	0.35	0.26	-0.53	0.2	0.59	0.22	0.2	0.39	0.71	0.23	0.62	-0.31	0.72	0.19	0.27	-0.34		0.16	0.62	0.36	0.2
Accounts Payable	0.72	0.62	0.46	0.87	-0.26	0.93	0.89	0.39	0.8	0.83	0.53	0.8	0.95	-0.14	0.89	0.83	-0.3	-0.39	0.85	0.83	-0.35	0.16		-0.08	-0.14	0.69
Common Stock	0.31	-0.11	-0.34	0.09	0.65	-0.04	-0.2	-0.64	-0.09	0.27	-0.19	-0.09	0.14	0.86	-0.1	0.42	0.11	0.82	-0.06	0.18	0.09	0.62	-0.08		0.51	-0.39
Current Deferred Revenue	0.0	-0.27	-0.73	-0.12	0.28	-0.25	-0.24	-0.41	-0.25	0.05	-0.21	-0.25	-0.11	0.22	-0.23	0.2	-0.03	0.42	-0.22	-0.11	-0.02	0.36	-0.14	0.51		-0.24
Good Will	0.42	0.23	0.36	0.47	-0.1	0.8	0.65	0.52	0.67	0.72	0.59	0.67	0.68	-0.3	0.57	0.54	-0.54	-0.35	0.48	0.49	-0.57	0.2	0.69	-0.39	-0.24

Click cells to compare fundamentals

Zurn Elkay Account Relationship Matchups

Zurn Elkay fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Short Long Term Debt Total	1.4B	2.4B	539.5M	570.1M	543.2M	904.1M
Non Currrent Assets Other	82.6M	(532.8M)	105.3M	(85.4M)	20.8M	11.4M
Other Assets	76.8M	2.0B	91.2M	93.4M	107.4M	102.0M
Long Term Debt	1.4B	1.1B	533.9M	529.8M	473.6M	824.7M
Long Term Debt Total	1.4B	1.2B	533.9M	530.2M	477.2M	896.6M
Capital Surpluse	1.3B	1.4B	1.4B	2.9B	3.3B	1.7B
Cash And Equivalents	573.4M	255.6M	96.6M	124.8M	112.3M	106.7M
Property Plant Equipment	449.9M	506.1M	78.5M	226.4M	203.8M	279.0M
Other Liab	397.8M	395M	168.1M	395.3M	355.8M	286.4M
Net Tangible Assets	(525.1M)	(458.4M)	(306.8M)	(171.7M)	(197.5M)	(207.3M)
Net Invested Capital	2.5B	2.8B	665.9M	2.2B	2.1B	1.7B
Short Long Term Debt	1.2M	76.4M	5.6M	5.5M	6.3M	6.0M
Non Current Liabilities Other	111M	150.3M	41.7M	44.4M	65M	65.5M
Net Working Capital	585.9M	808.8M	234.4M	468.2M	446.9M	411.7M

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 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.

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