Safety Short Long Term Debt vs Accounts Payable Analysis
SAFT Stock | USD 81.00 0.75 0.93% |
Safety Insurance financial indicator trend analysis is much more than just breaking down Safety Insurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Safety Insurance is a good investment. Please check the relationship between Safety Insurance Short Long Term Debt and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Short Long Term Debt vs Accounts Payable
Short Long Term Debt vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Safety Insurance Short Long Term Debt account and Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Safety Insurance's Short Long Term Debt and Accounts Payable is 0.1. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Safety Insurance Group, assuming nothing else is changed. The correlation between historical values of Safety Insurance's Short Long Term Debt and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Safety Insurance Group are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Short Long Term Debt i.e., Safety Insurance's Short Long Term Debt and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.1 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Short Long Term Debt
The total of a company’s short-term and long-term borrowings.Accounts Payable
An accounting item on the balance sheet that represents Safety Insurance obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Safety Insurance are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Safety Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Safety Insurance 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 Safety Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. At this time, Safety Insurance's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 83.78 in 2024, whereas Tax Provision is likely to drop slightly above 8.7 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 864.7M | 785.1M | 920.9M | 728.9M | Interest Expense | 522K | 524K | 818K | 588.6K |
Safety Insurance fundamental ratios Correlations
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Safety Insurance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Safety Insurance fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 2.1B | 2.1B | 2.0B | 2.0B | 1.6B | |
Total Stockholder Equity | 808.4M | 884.7M | 927.2M | 812.0M | 804.3M | 615.3M | |
Other Assets | (1.0B) | (1.1B) | (965.4M) | 282.2M | 254.0M | 241.3M | |
Common Stock Shares Outstanding | 15.3M | 15.1M | 14.9M | 14.7M | 14.7M | 14.2M | |
Liabilities And Stockholders Equity | 2.0B | 2.1B | 2.1B | 2.0B | 2.0B | 1.6B | |
Other Stockholder Equity | 118.5M | 85.9M | 80.7M | 77.0M | 76.1M | 90.5M | |
Total Liab | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.0B | |
Other Liab | 344.6M | 24.2M | 46.7M | 30.9M | 27.8M | 26.4M | |
Retained Earnings | 661.6M | 745.0M | 821.7M | 815.3M | 781.2M | 534.8M | |
Accounts Payable | 87.9M | 87.7M | 85.8M | 85.3M | 80.2M | 69.7M | |
Common Stock | 176K | 177K | 178K | 179K | 205.9K | 171.1K | |
Property Plant Equipment | 54.0M | 31M | 27.1M | 41.5M | 47.7M | 50.1M | |
Other Current Liab | (87.9M) | (117.7M) | (115.8M) | (83.6M) | 415.0M | 435.7M | |
Total Current Liabilities | 87.9M | 117.7M | 115.8M | 25.1M | 499.7M | 524.7M | |
Property Plant And Equipment Net | 34.0M | 31M | 27.1M | 23.3M | 31.5M | 17.2M | |
Net Debt | (10.4M) | 7.2M | (6.5M) | 33.0M | 11.6M | 12.2M | |
Cash | 44.4M | 53.8M | 63.6M | 25.3M | 38.2M | 42.6M | |
Non Current Assets Total | 1.4B | 1.5B | 1.5B | 69.4M | 1.6B | 1.7B | |
Non Currrent Assets Other | (1.4B) | (1.5B) | (1.5B) | (1.3B) | (59.6M) | (62.5M) | |
Cash And Short Term Investments | 1.3B | 1.3B | 1.3B | 1.1B | 517.6M | 719.0M | |
Net Receivables | 329.8M | 300.5M | 290.6M | 299.8M | 383.2M | 284.6M | |
Common Stock Total Equity | 175K | 176K | 177K | 178K | 204.7K | 184.6K | |
Short Term Investments | 1.2B | 1.3B | 1.2B | 1.1B | 31.0M | 29.5M | |
Non Current Liabilities Total | 39.7M | 78.6M | 72.4M | 1.1B | 661.1M | 694.1M | |
Other Current Assets | 296.1M | 351.6M | 298.6M | 231.6M | 369.1M | 387.6M | |
Property Plant And Equipment Gross | 9.9M | 15.6M | 54.0M | 53.1M | 61.1M | 64.1M | |
Total Current Assets | 1.6B | 1.6B | 1.6B | 1.6B | 369.1M | 507.2M | |
Accumulated Other Comprehensive Income | 28.2M | 53.5M | 24.6M | (80.5M) | (53.2M) | (50.5M) | |
Intangible Assets | 74.3M | 75.0M | 73.0M | 7.9M | 7.6M | 7.2M | |
Net Tangible Assets | 808.4M | 884.7M | 927.2M | 787.1M | 905.1M | 820.1M | |
Good Will | 1.4B | 1.4B | 1.4B | 17.1M | 19.7M | 18.7M | |
Retained Earnings Total Equity | 616.7M | 661.6M | 745.0M | 821.7M | 945.0M | 615.1M | |
Capital Surpluse | 196.3M | 202.3M | 209.8M | 216.1M | 248.5M | 206.2M | |
Long Term Investments | 1.4B | 1.5B | 1.5B | 1.3B | 1.5B | 1.5B |
Currently Active Assets on Macroaxis
When determining whether Safety Insurance is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Safety Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Safety Insurance Group Stock. Highlighted below are key reports to facilitate an investment decision about Safety Insurance Group Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Safety Insurance information on this page should be used as a complementary analysis to other Safety Insurance'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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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When running Safety Insurance's price analysis, check to measure Safety Insurance'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 Safety Insurance is operating at the current time. Most of Safety Insurance's value examination focuses on studying past and present price action to predict the probability of Safety Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Safety Insurance's price. Additionally, you may evaluate how the addition of Safety Insurance to your portfolios can decrease your overall portfolio volatility.
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Is Safety Insurance'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 Safety Insurance. If investors know Safety 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 Safety Insurance 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 (0.50) | Dividend Share 3.6 | Earnings Share 1.28 | Revenue Per Share 63.487 | Quarterly Revenue Growth 0.14 |
The market value of Safety Insurance is measured differently than its book value, which is the value of Safety that is recorded on the company's balance sheet. Investors also form their own opinion of Safety Insurance's value that differs from its market value or its book value, called intrinsic value, which is Safety Insurance'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 Safety Insurance's market value can be influenced by many factors that don't directly affect Safety Insurance'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 Safety Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Safety Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Safety Insurance'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.