AZZ Net Receivables vs Net Debt Analysis

AZZ Stock

USD 77.14 1.77 2.24%

AZZ Incorporated financial indicator trend analysis is way more than just evaluating AZZ Incorporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AZZ Incorporated is a good investment. Please check the relationship between AZZ Incorporated Net Receivables and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AZZ Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy AZZ Stock please use our How to Invest in AZZ Incorporated guide.

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AZZ Incorporated Net Receivables account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between AZZ Incorporated's Net Receivables and Net Debt is 0.67. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Debt in the same time period over historical financial statements of AZZ Incorporated, assuming nothing else is changed. The correlation between historical values of AZZ Incorporated's Net Receivables and Net 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 AZZ Incorporated are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Receivables i.e., AZZ Incorporated's Net Receivables and Net Debt go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

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Net Receivables

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from AZZ Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AZZ Incorporated 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AZZ Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy AZZ Stock please use our How to Invest in AZZ Incorporated guide.Selling General Administrative is likely to drop to about 134.8 M in 2024. Tax Provision is likely to drop to about 18.3 M in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	225.2M	295.9M	363.5M	381.6M
Total Revenue	902.7M	1.3B	1.5B	1.6B

Gross Profit Total Revenue

AZZ Incorporated 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Intangible Assets	Accounts Payable	Other Assets	Long Term Debt
Total Assets		0.95	0.95	0.87	0.85	0.99	0.95	0.7	-0.46	0.99	-0.46	0.85	0.33	0.96	0.71	0.72	-0.02	0.97	0.92	0.78	-0.22	-0.34	0.95	0.97	0.47	0.95
Short Long Term Debt Total	0.95		0.87	0.76	0.67	0.96	1.0	0.45	-0.44	0.97	-0.44	0.67	0.13	0.99	0.55	0.6	-0.03	0.99	0.9	0.6	-0.19	-0.36	1.0	0.93	0.55	1.0
Other Current Liab	0.95	0.87		0.87	0.8	0.95	0.87	0.73	-0.39	0.94	-0.39	0.83	0.42	0.91	0.67	0.67	-0.26	0.93	0.95	0.76	-0.19	-0.35	0.87	0.86	0.2	0.86
Total Current Liabilities	0.87	0.76	0.87		0.83	0.83	0.75	0.79	-0.16	0.82	-0.16	0.88	0.64	0.76	0.92	0.58	-0.05	0.81	0.73	0.93	0.14	0.07	0.78	0.86	0.29	0.75
Total Stockholder Equity	0.85	0.67	0.8	0.83		0.78	0.67	0.93	-0.43	0.8	-0.43	0.97	0.55	0.67	0.85	0.76	0.23	0.7	0.66	0.91	-0.22	-0.23	0.67	0.85	0.44	0.66
Property Plant And Equipment Net	0.99	0.96	0.95	0.83	0.78		0.97	0.63	-0.47	0.99	-0.47	0.78	0.28	0.98	0.63	0.68	-0.14	0.99	0.96	0.69	-0.23	-0.38	0.96	0.94	0.41	0.96
Net Debt	0.95	1.0	0.87	0.75	0.67	0.97		0.46	-0.48	0.97	-0.48	0.67	0.12	0.99	0.55	0.61	-0.03	0.99	0.91	0.59	-0.21	-0.38	0.99	0.93	0.55	1.0
Retained Earnings	0.7	0.45	0.73	0.79	0.93	0.63	0.46		-0.34	0.63	-0.34	0.93	0.73	0.49	0.85	0.69	0.01	0.53	0.56	0.9	-0.09	-0.04	0.47	0.68	0.1	0.44
Cash	-0.46	-0.44	-0.39	-0.16	-0.43	-0.47	-0.48	-0.34		-0.49	1.0	-0.37	0.2	-0.44	-0.18	-0.6	-0.07	-0.43	-0.45	-0.12	0.45	0.4	-0.42	-0.48	-0.28	-0.44
Non Current Assets Total	0.99	0.97	0.94	0.82	0.8	0.99	0.97	0.63	-0.49		-0.49	0.8	0.26	0.98	0.64	0.71	-0.05	0.99	0.94	0.71	-0.26	-0.4	0.97	0.96	0.48	0.97
Cash And Short Term Investments	-0.46	-0.44	-0.39	-0.16	-0.43	-0.47	-0.48	-0.34	1.0	-0.49		-0.37	0.2	-0.44	-0.18	-0.6	-0.07	-0.43	-0.45	-0.12	0.45	0.4	-0.42	-0.48	-0.28	-0.44
Net Receivables	0.85	0.67	0.83	0.88	0.97	0.78	0.67	0.93	-0.37	0.8	-0.37		0.56	0.68	0.88	0.76	0.15	0.72	0.67	0.96	-0.17	-0.16	0.67	0.84	0.36	0.66
Common Stock Shares Outstanding	0.33	0.13	0.42	0.64	0.55	0.28	0.12	0.73	0.2	0.26	0.2	0.56		0.15	0.72	0.25	-0.1	0.2	0.22	0.7	0.44	0.45	0.18	0.34	-0.16	0.12
Non Current Liabilities Total	0.96	0.99	0.91	0.76	0.67	0.98	0.99	0.49	-0.44	0.98	-0.44	0.68	0.15		0.53	0.62	-0.14	1.0	0.95	0.6	-0.24	-0.4	0.99	0.92	0.45	0.99
Inventory	0.71	0.55	0.67	0.92	0.85	0.63	0.55	0.85	-0.18	0.64	-0.18	0.88	0.72	0.53		0.49	0.2	0.58	0.47	0.95	0.24	0.24	0.57	0.76	0.33	0.54
Other Current Assets	0.72	0.6	0.67	0.58	0.76	0.68	0.61	0.69	-0.6	0.71	-0.6	0.76	0.25	0.62	0.49		0.06	0.63	0.66	0.6	-0.53	-0.3	0.6	0.73	0.33	0.59
Other Stockholder Equity	-0.02	-0.03	-0.26	-0.05	0.23	-0.14	-0.03	0.01	-0.07	-0.05	-0.07	0.15	-0.1	-0.14	0.2	0.06		-0.13	-0.38	0.16	-0.07	-0.03	-0.04	0.13	0.79	-0.02
Total Liab	0.97	0.99	0.93	0.81	0.7	0.99	0.99	0.53	-0.43	0.99	-0.43	0.72	0.2	1.0	0.58	0.63	-0.13		0.95	0.64	-0.2	-0.36	0.99	0.93	0.44	0.99
Property Plant And Equipment Gross	0.92	0.9	0.95	0.73	0.66	0.96	0.91	0.56	-0.45	0.94	-0.45	0.67	0.22	0.95	0.47	0.66	-0.38	0.95		0.56	-0.3	-0.43	0.9	0.83	0.19	0.9
Total Current Assets	0.78	0.6	0.76	0.93	0.91	0.69	0.59	0.9	-0.12	0.71	-0.12	0.96	0.7	0.6	0.95	0.6	0.16	0.64	0.56		0.06	0.05	0.61	0.78	0.33	0.59
Short Term Debt	-0.22	-0.19	-0.19	0.14	-0.22	-0.23	-0.21	-0.09	0.45	-0.26	0.45	-0.17	0.44	-0.24	0.24	-0.53	-0.07	-0.2	-0.3	0.06		0.77	-0.15	-0.15	-0.2	-0.2
Non Currrent Assets Other	-0.34	-0.36	-0.35	0.07	-0.23	-0.38	-0.38	-0.04	0.4	-0.4	0.4	-0.16	0.45	-0.4	0.24	-0.3	-0.03	-0.36	-0.43	0.05	0.77		-0.3	-0.22	-0.26	-0.36
Intangible Assets	0.95	1.0	0.87	0.78	0.67	0.96	0.99	0.47	-0.42	0.97	-0.42	0.67	0.18	0.99	0.57	0.6	-0.04	0.99	0.9	0.61	-0.15	-0.3		0.94	0.54	1.0
Accounts Payable	0.97	0.93	0.86	0.86	0.85	0.94	0.93	0.68	-0.48	0.96	-0.48	0.84	0.34	0.92	0.76	0.73	0.13	0.93	0.83	0.78	-0.15	-0.22	0.94		0.6	0.93
Other Assets	0.47	0.55	0.2	0.29	0.44	0.41	0.55	0.1	-0.28	0.48	-0.28	0.36	-0.16	0.45	0.33	0.33	0.79	0.44	0.19	0.33	-0.2	-0.26	0.54	0.6		0.56
Long Term Debt	0.95	1.0	0.86	0.75	0.66	0.96	1.0	0.44	-0.44	0.97	-0.44	0.66	0.12	0.99	0.54	0.59	-0.02	0.99	0.9	0.59	-0.2	-0.36	1.0	0.93	0.56

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AZZ Incorporated Account Relationship Matchups

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AZZ Net Receivables vs Net Debt Analysis

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

Correlation Coefficient

Net Receivables

Net Debt

AZZ Incorporated fundamental ratios Correlations

AZZ Incorporated Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for AZZ Stock Analysis

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Net Debt	+ 1.0	Short Long Term Debt Total
Intangible Assets	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total

Other Current Assets	- 0.6	Cash And Short Term Investments
Other Current Assets	- 0.6	Cash
Short Term Debt	- 0.53	Other Current Assets
Cash And Short Term Investments	- 0.49	Non Current Assets Total
Non Current Assets Total	- 0.49	Cash
Accounts Payable	- 0.48	Cash And Short Term Investments