| FIX Stock | | | USD 316.74 10.60 3.24% |
Comfort Systems financial indicator trend analysis is way more than just evaluating Comfort Systems USA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Comfort Systems USA is a good investment. Please check the relationship between Comfort Systems Cash and its Total Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Comfort Systems USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as
signals in gross domestic product.
Cash vs Total Assets
Cash vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Comfort Systems USA Cash account and
Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Comfort Systems' Cash and Total Assets is 0.84. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of Comfort Systems USA, assuming nothing else is changed. The correlation between historical values of Comfort Systems' Cash and Total 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 of Comfort Systems USA are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash i.e., Comfort Systems' Cash and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.84 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Comfort Systems USA, which is listed under current asset account on Comfort Systems USA balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Comfort Systems customers. The amounts must be unrestricted with restricted cash listed in a different Comfort Systems account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Assets
Total assets refers to the total amount of Comfort Systems 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 Comfort Systems USA 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.
Most indicators from Comfort Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Comfort Systems USA 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Comfort Systems USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as
signals in gross domestic product.
At this time, Comfort Systems'
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 62.4
M in 2024, despite the fact that
Discontinued Operations is likely to grow to (12.8
K).
Comfort Systems fundamental ratios Correlations
Click cells to compare fundamentals
Comfort Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Comfort Systems fundamental ratios Accounts
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Additional Tools for Comfort Stock Analysis
When running Comfort Systems' price analysis, check to
measure Comfort Systems' 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 Comfort Systems is operating at the current time. Most of Comfort Systems' value examination focuses on studying past and present price action to
predict the probability of Comfort Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comfort Systems' price. Additionally, you may evaluate how the addition of Comfort Systems to your portfolios can decrease your overall portfolio volatility.