United Net Debt vs Property Plant And Equipment Gross Analysis

UFCS Stock

USD 21.39 0.01 0.05%

United Fire financial indicator trend analysis is much more than just breaking down United Fire Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Fire Group is a good investment. Please check the relationship between United Fire Net Debt and its Property Plant And Equipment Gross accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Fire Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Net Debt vs Property Plant And Equipment Gross

Net Debt vs Property Plant And Equipment Gross Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Fire Group Net Debt account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have very week relationship.

The correlation between United Fire's Net Debt and Property Plant And Equipment Gross is 0.24. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of United Fire Group, assuming nothing else is changed. The correlation between historical values of United Fire's Net Debt and Property Plant And Equipment Gross 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 Debt of United Fire Group are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Net Debt i.e., United Fire's Net Debt and Property Plant And Equipment Gross go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

Property Plant And Equipment Gross

Most indicators from United Fire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Fire Group 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 United Fire Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

At this time, United Fire's Discontinued Operations is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 45.56 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 707.9 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	980.3M	1.1B	634.4M
Total Revenue	1.1B	980.3M	1.1B	635.1M

Gross Profit Total Revenue

United Fire fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Cash	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Short Term Investments	Other Current Assets	Common Stock	Other Current Liab	Other Liab
Total Assets		0.09	0.87	-0.85	0.67	0.7	0.84	0.7	0.88	0.67	-0.02	-0.23	-0.62	0.19	-0.04	0.43	0.41	0.63	0.53	0.61	-0.84	-0.83	-0.04	-0.84	0.27	-0.09
Short Long Term Debt Total	0.09		0.16	0.21	0.25	-0.14	0.36	-0.43	0.37	-0.18	0.74	0.5	0.37	0.65	0.73	0.26	0.04	0.5	0.49	-0.1	-0.41	-0.41	-0.21	-0.41	0.48	0.42
Total Stockholder Equity	0.87	0.16		-0.72	0.93	0.3	0.85	0.37	0.9	0.33	0.3	0.07	-0.31	0.36	0.25	0.7	0.12	0.57	0.46	0.4	-0.87	-0.88	0.03	-0.87	0.49	0.13
Net Debt	-0.85	0.21	-0.72		-0.52	-0.6	-0.69	-0.7	-0.68	-0.55	0.22	0.3	0.65	0.07	0.24	-0.34	-0.5	-0.65	-0.6	-0.72	0.66	0.64	0.08	0.66	-0.07	0.15
Retained Earnings	0.67	0.25	0.93	-0.52		0.06	0.76	0.1	0.83	0.15	0.49	0.24	-0.07	0.49	0.44	0.72	-0.09	0.45	0.33	0.2	-0.8	-0.81	-0.02	-0.8	0.55	0.35
Other Assets	0.7	-0.14	0.3	-0.6	0.06		0.4	0.84	0.41	0.93	-0.46	-0.59	-0.77	-0.11	-0.42	-0.2	0.46	0.32	0.29	0.52	-0.36	-0.35	-0.02	-0.36	-0.08	-0.3
Common Stock Shares Outstanding	0.84	0.36	0.85	-0.69	0.76	0.4		0.37	0.87	0.45	0.41	0.21	-0.24	0.57	0.4	0.48	0.31	0.8	0.71	0.53	-0.99	-0.99	-0.26	-0.99	0.4	0.26
Non Current Liabilities Total	0.7	-0.43	0.37	-0.7	0.1	0.84	0.37		0.39	0.88	-0.65	-0.61	-0.81	-0.36	-0.63	-0.09	0.58	0.18	0.14	0.7	-0.32	-0.3	-0.02	-0.32	-0.3	-0.45
Other Stockholder Equity	0.88	0.37	0.9	-0.68	0.83	0.41	0.87	0.39		0.45	0.27	0.02	-0.38	0.36	0.23	0.59	0.31	0.62	0.51	0.48	-0.89	-0.89	-0.22	-0.89	0.36	0.14
Total Liab	0.67	-0.18	0.33	-0.55	0.15	0.93	0.45	0.88	0.45		-0.44	-0.52	-0.7	-0.08	-0.4	-0.2	0.46	0.22	0.17	0.57	-0.4	-0.38	-0.11	-0.4	-0.17	-0.23
Property Plant And Equipment Net	-0.02	0.74	0.3	0.22	0.49	-0.46	0.41	-0.65	0.27	-0.44		0.82	0.68	0.89	0.99	0.35	-0.43	0.4	0.37	-0.36	-0.46	-0.48	-0.12	-0.46	0.68	0.68
Non Current Assets Total	-0.23	0.5	0.07	0.3	0.24	-0.59	0.21	-0.61	0.02	-0.52	0.82		0.87	0.75	0.85	-0.02	-0.41	0.23	0.23	-0.32	-0.23	-0.26	-0.28	-0.23	0.42	0.63
Non Currrent Assets Other	-0.62	0.37	-0.31	0.65	-0.07	-0.77	-0.24	-0.81	-0.38	-0.7	0.68	0.87		0.53	0.71	-0.18	-0.57	-0.15	-0.11	-0.58	0.22	0.19	0.0	0.22	0.33	0.5
Net Receivables	0.19	0.65	0.36	0.07	0.49	-0.11	0.57	-0.36	0.36	-0.08	0.89	0.75	0.53		0.93	0.12	-0.41	0.46	0.43	-0.27	-0.59	-0.62	-0.24	-0.59	0.67	0.68
Property Plant And Equipment Gross	-0.04	0.73	0.25	0.24	0.44	-0.42	0.4	-0.63	0.23	-0.4	0.99	0.85	0.71	0.93		0.24	-0.43	0.4	0.38	-0.35	-0.44	-0.47	-0.16	-0.44	0.66	0.7
Total Current Assets	0.43	0.26	0.7	-0.34	0.72	-0.2	0.48	-0.09	0.59	-0.2	0.35	-0.02	-0.18	0.12	0.24		0.1	0.34	0.26	0.18	-0.52	-0.52	0.18	-0.52	0.39	0.07
Intangible Assets	0.41	0.04	0.12	-0.5	-0.09	0.46	0.31	0.58	0.31	0.46	-0.43	-0.41	-0.57	-0.41	-0.43	0.1		0.45	0.46	0.91	-0.25	-0.21	-0.16	-0.25	-0.38	-0.36
Cash	0.63	0.5	0.57	-0.65	0.45	0.32	0.8	0.18	0.62	0.22	0.4	0.23	-0.15	0.46	0.4	0.34	0.45		0.99	0.53	-0.78	-0.77	-0.25	-0.78	0.39	0.24
Cash And Short Term Investments	0.53	0.49	0.46	-0.6	0.33	0.29	0.71	0.14	0.51	0.17	0.37	0.23	-0.11	0.43	0.38	0.26	0.46	0.99		0.51	-0.69	-0.68	-0.25	-0.69	0.35	0.23
Good Will	0.61	-0.1	0.4	-0.72	0.2	0.52	0.53	0.7	0.48	0.57	-0.36	-0.32	-0.58	-0.27	-0.35	0.18	0.91	0.53	0.51		-0.46	-0.42	-0.13	-0.46	-0.24	-0.25
Common Stock Total Equity	-0.84	-0.41	-0.87	0.66	-0.8	-0.36	-0.99	-0.32	-0.89	-0.4	-0.46	-0.23	0.22	-0.59	-0.44	-0.52	-0.25	-0.78	-0.69	-0.46		1.0	0.26	1.0	-0.42	-0.3
Short Term Investments	-0.83	-0.41	-0.88	0.64	-0.81	-0.35	-0.99	-0.3	-0.89	-0.38	-0.48	-0.26	0.19	-0.62	-0.47	-0.52	-0.21	-0.77	-0.68	-0.42	1.0		0.25	1.0	-0.45	-0.33
Other Current Assets	-0.04	-0.21	0.03	0.08	-0.02	-0.02	-0.26	-0.02	-0.22	-0.11	-0.12	-0.28	0.0	-0.24	-0.16	0.18	-0.16	-0.25	-0.25	-0.13	0.26	0.25		0.26	0.31	-0.37
Common Stock	-0.84	-0.41	-0.87	0.66	-0.8	-0.36	-0.99	-0.32	-0.89	-0.4	-0.46	-0.23	0.22	-0.59	-0.44	-0.52	-0.25	-0.78	-0.69	-0.46	1.0	1.0	0.26		-0.42	-0.3
Other Current Liab	0.27	0.48	0.49	-0.07	0.55	-0.08	0.4	-0.3	0.36	-0.17	0.68	0.42	0.33	0.67	0.66	0.39	-0.38	0.39	0.35	-0.24	-0.42	-0.45	0.31	-0.42		0.2
Other Liab	-0.09	0.42	0.13	0.15	0.35	-0.3	0.26	-0.45	0.14	-0.23	0.68	0.63	0.5	0.68	0.7	0.07	-0.36	0.24	0.23	-0.25	-0.3	-0.33	-0.37	-0.3	0.2

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United Fire Account Relationship Matchups

United Fire fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	3.1B	3.0B	2.9B	3.1B	2.3B
Total Stockholder Equity	910.5M	825.1M	879.1M	740.1M	733.7M	531.5M
Net Debt	(104.9M)	(37.9M)	(82.1M)	(46.7M)	(52.0M)	(54.6M)
Retained Earnings	697.1M	555.9M	621.4M	620.6M	574.7M	345.6M
Other Assets	269.6M	268.6M	326.2M	2.1B	2.5B	1.7B
Common Stock Shares Outstanding	25.6M	25.0M	25.1M	25.3M	25.2M	25.9M
Liabilities And Stockholders Equity	3.0B	3.1B	3.0B	2.9B	3.1B	2.3B
Non Current Liabilities Total	20.6M	74.9M	76.8M	50M	763.2M	725.1M
Other Stockholder Equity	200.2M	202.4M	203.4M	207.0M	226.0M	118.6M
Total Liab	20.6M	74.9M	76.8M	2.1B	2.4B	1.6B
Property Plant And Equipment Net	117.0M	129.9M	137.7M	133.1M	134.2M	141.0M
Non Current Assets Total	2.2B	2.2B	2.1B	154.0M	3.0B	3.2B
Non Currrent Assets Other	(72.6M)	(66.8M)	(55.1M)	(1.7B)	1.1B	1.2B
Net Receivables	449.2M	544.0M	477.0M	568.1M	709.5M	745.0M
Property Plant And Equipment Gross	69.0M	97.2M	117.0M	129.9M	149.4M	156.8M
Total Current Assets	570.1M	632.1M	609.3M	580.1M	102.0M	96.9M
Intangible Assets	7.5M	6.7M	6.0M	5.3M	4.6M	6.7M
Cash	120.7M	87.9M	132.1M	96.7M	102.0M	132.1M
Cash And Short Term Investments	120.9M	88.1M	132.4M	96.9M	102.1M	138.0M
Other Current Assets	569.5M	518.7M	558.7M	544.1M	102.0M	96.9M
Accumulated Other Comprehensive Income	13.2M	66.9M	54.3M	(87.5M)	(67.0M)	(63.6M)
Other Current Liab	1.5B	1.5B	1.5B	1.5B	1.6B	1.2B
Other Liab	938.4M	666.4M	619.3M	981.9M	1.1B	1.2B
Property Plant Equipment	117.0M	129.9M	137.7M	159.6M	183.5M	192.7M
Total Current Liabilities	1.5B	1.6B	1.5B	1.5B	1.6B	874.6M
Net Tangible Assets	887.9M	818.4M	879.1M	734.8M	845.0M	900.0M
Accounts Payable	155.5M	126.6M	1.5B	515.3M	592.6M	332.7M
Retained Earnings Total Equity	715.5M	697.1M	555.9M	621.4M	714.6M	623.9M
Capital Surpluse	203.4M	200.2M	202.4M	203.4M	183.0M	164.8M
Long Term Investments	2.2B	2.2B	2.1B	1.7B	1.7B	2.0B
Non Current Liabilities Other	1.8B	1.9B	2.0B	2.0B	1.8B	2.0B

Pair Trading with United Fire

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if United Fire position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in United Fire will appreciate offsetting losses from the drop in the long position's value.

Moving together with United Stock

0.61

FRFHF

Fairfax Financial

Pair Corr

Moving against United Stock

0.42	HCI	HCI Group	Pair Corr
0.41	TRV	The Travelers Companies Financial Report 18th of July 2024	Pair Corr

The ability to find closely correlated positions to United Fire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Fire when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back United Fire - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling United Fire Group to buy it.

The correlation of United Fire is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as United Fire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Fire Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for United Fire can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for United Stock Analysis

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

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