| ZWS Stock | | | USD 36.10 0.20 0.56% |
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 Total Stockholder Equity and its Long Term Debt 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.
Total Stockholder Equity vs Long Term Debt
Total Stockholder Equity vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zurn Elkay Water Total Stockholder Equity account and
Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Zurn Elkay's Total Stockholder Equity and Long Term Debt is -0.52. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Long Term Debt 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 Total Stockholder Equity 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 Total Stockholder Equity of Zurn Elkay Water 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 Total Stockholder Equity i.e., Zurn Elkay's Total Stockholder Equity and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.52 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Long Term Debt
Long-term debt is a debt that Zurn Elkay Water has held for over one year. Long-term debt appears on Zurn Elkay Water 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 Zurn Elkay Water 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 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.
Zurn Elkay fundamental ratios Correlations
Click cells to compare fundamentals
Zurn Elkay Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zurn Elkay fundamental ratios Accounts
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Additional Tools for Zurn Stock Analysis
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