AZZ Historical Balance Sheet
| AZZ Stock | USD 72.68 1.19 1.66% |
Trend analysis of AZZ Incorporated balance sheet accounts such as Short Long Term Debt Total of 1 B, Other Current Liabilities of 104.4 M or Total Current Liabilities of 204 M provides information on AZZ Incorporated's total assets, liabilities, and equity, which is the actual value of AZZ Incorporated to its prevalent stockholders. By breaking down trends over time using AZZ Incorporated balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining AZZ Incorporated latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether AZZ Incorporated is a good buy for the upcoming year.
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About AZZ Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of AZZ Incorporated at a specified time, usually calculated after every quarter, six months, or one year. AZZ Incorporated Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of AZZ Incorporated and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which AZZ currently owns. An asset can also be divided into two categories, current and non-current.
AZZ Incorporated Balance Sheet Chart
AZZ Incorporated Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how AZZ Incorporated uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, AZZ Incorporated's Common Stock Shares Outstanding is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 2.3 B in 2024, whereas Cash is likely to drop slightly above 4.1 M in 2024. Add Fundamental
Total Assets
Total assets refers to the total amount of AZZ Incorporated assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in AZZ Incorporated books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on AZZ Incorporated balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AZZ Incorporated are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.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 accounts from AZZ Incorporated's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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 tightly coupled 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.At this time, AZZ Incorporated's Common Stock Shares Outstanding is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 2.3 B in 2024, whereas Cash is likely to drop slightly above 4.1 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 233.8M | 1.1B | 977.2M | 1.0B | Total Assets | 1.1B | 2.2B | 2.2B | 2.3B |
AZZ Incorporated balance sheet Correlations
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AZZ Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with AZZ Incorporated
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 AZZ Incorporated 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 AZZ Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving against AZZ Stock
| 0.73 | AZ | A2Z Smart Technologies | PairCorr |
| 0.72 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.57 | AP | Ampco Pittsburgh | PairCorr |
| 0.51 | GPN | Global Payments Earnings Call Tomorrow | PairCorr |
| 0.5 | BW | Babcock Wilcox Enter Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to AZZ Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AZZ Incorporated 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 AZZ Incorporated - 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 AZZ Incorporated to buy it.
The correlation of AZZ Incorporated 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 AZZ Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AZZ Incorporated 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 AZZ Incorporated 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.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 tightly coupled 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.Note that the AZZ Incorporated information on this page should be used as a complementary analysis to other AZZ Incorporated's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for AZZ Stock analysis
When running AZZ Incorporated's price analysis, check to measure AZZ Incorporated'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 AZZ Incorporated is operating at the current time. Most of AZZ Incorporated's value examination focuses on studying past and present price action to predict the probability of AZZ Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AZZ Incorporated's price. Additionally, you may evaluate how the addition of AZZ Incorporated to your portfolios can decrease your overall portfolio volatility.
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Is AZZ Incorporated's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AZZ Incorporated. If investors know AZZ will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AZZ Incorporated listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.02 | Dividend Share 0.68 | Earnings Share 3.46 | Revenue Per Share 61.403 | Quarterly Revenue Growth 0.089 |
The market value of AZZ Incorporated is measured differently than its book value, which is the value of AZZ that is recorded on the company's balance sheet. Investors also form their own opinion of AZZ Incorporated's value that differs from its market value or its book value, called intrinsic value, which is AZZ Incorporated's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AZZ Incorporated's market value can be influenced by many factors that don't directly affect AZZ Incorporated's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AZZ Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if AZZ Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AZZ Incorporated's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.