AZZ Cash vs Total Current Assets Analysis

AZZ Stock

USD 95.33 0.21 0.22%

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 Cash and its Total Current Assets 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.

Cash vs Total Current Assets

Cash vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AZZ Incorporated Cash account and Total Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between AZZ Incorporated's Cash and Total Current Assets is -0.12. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Assets 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 Cash and Total Current 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 AZZ Incorporated are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash i.e., AZZ Incorporated's Cash and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.12

Relationship Direction	Negative
Relationship Strength	Insignificant

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Cash

Cash refers to the most liquid asset of AZZ Incorporated, which is listed under current asset account on AZZ Incorporated balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from AZZ Incorporated customers. The amounts must be unrestricted with restricted cash listed in a different AZZ Incorporated 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 Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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	0.92	0.87	0.94	0.99	0.95	0.7	-0.46	0.99	-0.46	0.84	0.33	0.97	0.71	0.04	0.73	0.98	0.92	0.78	0.04	-0.34	0.95	0.94	0.47	0.95
Short Long Term Debt Total	0.95		0.81	0.77	0.8	0.96	1.0	0.45	-0.43	0.97	-0.43	0.74	0.14	1.0	0.56	-0.09	0.73	0.99	0.9	0.6	0.12	-0.35	1.0	0.93	0.55	1.0
Other Current Liab	0.92	0.81		0.88	0.94	0.91	0.81	0.79	-0.38	0.9	-0.38	0.73	0.42	0.83	0.74	0.31	0.55	0.86	0.87	0.83	0.03	-0.36	0.79	0.76	0.23	0.8
Total Current Liabilities	0.87	0.77	0.88		0.86	0.83	0.75	0.79	-0.16	0.82	-0.16	0.83	0.64	0.78	0.92	0.11	0.48	0.82	0.73	0.93	0.32	0.07	0.78	0.82	0.29	0.75
Total Stockholder Equity	0.94	0.8	0.94	0.86		0.91	0.8	0.88	-0.48	0.91	-0.48	0.86	0.48	0.83	0.77	0.17	0.64	0.85	0.85	0.85	-0.07	-0.33	0.8	0.85	0.33	0.79
Property Plant And Equipment Net	0.99	0.96	0.91	0.83	0.91		0.97	0.63	-0.47	0.99	-0.47	0.8	0.28	0.97	0.63	-0.01	0.67	0.98	0.96	0.69	0.07	-0.38	0.96	0.92	0.41	0.96
Net Debt	0.95	1.0	0.81	0.75	0.8	0.97		0.46	-0.48	0.97	-0.48	0.74	0.12	1.0	0.55	-0.08	0.74	0.99	0.91	0.59	0.08	-0.38	0.99	0.93	0.55	1.0
Retained Earnings	0.7	0.45	0.79	0.79	0.88	0.63	0.46		-0.34	0.63	-0.34	0.78	0.73	0.49	0.85	0.27	0.39	0.54	0.56	0.9	0.0	-0.04	0.47	0.62	0.1	0.44
Cash	-0.46	-0.43	-0.38	-0.16	-0.48	-0.47	-0.48	-0.34		-0.49	1.0	-0.33	0.2	-0.44	-0.18	-0.11	-0.48	-0.42	-0.45	-0.12	0.32	0.4	-0.42	-0.45	-0.28	-0.44
Non Current Assets Total	0.99	0.97	0.9	0.82	0.91	0.99	0.97	0.63	-0.49		-0.49	0.81	0.25	0.98	0.64	0.0	0.73	0.98	0.94	0.71	0.02	-0.4	0.97	0.94	0.48	0.97
Cash And Short Term Investments	-0.46	-0.43	-0.38	-0.16	-0.48	-0.47	-0.48	-0.34	1.0	-0.49		-0.33	0.2	-0.44	-0.18	-0.11	-0.48	-0.42	-0.45	-0.12	0.32	0.4	-0.42	-0.45	-0.28	-0.44
Net Receivables	0.84	0.74	0.73	0.83	0.86	0.8	0.74	0.78	-0.33	0.81	-0.33		0.63	0.76	0.76	-0.26	0.59	0.78	0.71	0.81	0.15	-0.01	0.77	0.91	0.4	0.73
Common Stock Shares Outstanding	0.33	0.14	0.42	0.64	0.48	0.28	0.12	0.73	0.2	0.25	0.2	0.63		0.16	0.72	-0.12	-0.05	0.22	0.22	0.7	0.49	0.45	0.18	0.35	-0.16	0.12
Non Current Liabilities Total	0.97	1.0	0.83	0.78	0.83	0.97	1.0	0.49	-0.44	0.98	-0.44	0.76	0.16		0.58	-0.06	0.75	1.0	0.9	0.63	0.07	-0.37	0.99	0.94	0.56	1.0
Inventory	0.71	0.56	0.74	0.92	0.77	0.63	0.55	0.85	-0.18	0.64	-0.18	0.76	0.72	0.58		0.21	0.47	0.63	0.47	0.95	0.28	0.24	0.57	0.7	0.33	0.54
Other Current Assets	0.04	-0.09	0.31	0.11	0.17	-0.01	-0.08	0.27	-0.11	0.0	-0.11	-0.26	-0.12	-0.06	0.21		0.1	-0.04	-0.04	0.27	-0.39	-0.27	-0.16	-0.21	-0.05	-0.09
Other Stockholder Equity	0.73	0.73	0.55	0.48	0.64	0.67	0.74	0.39	-0.48	0.73	-0.48	0.59	-0.05	0.75	0.47	0.1		0.74	0.49	0.52	-0.34	-0.49	0.71	0.75	0.92	0.74
Total Liab	0.98	0.99	0.86	0.82	0.85	0.98	0.99	0.54	-0.42	0.98	-0.42	0.78	0.22	1.0	0.63	-0.04	0.74		0.9	0.68	0.11	-0.33	0.99	0.94	0.54	0.99
Property Plant And Equipment Gross	0.92	0.9	0.87	0.73	0.85	0.96	0.91	0.56	-0.45	0.94	-0.45	0.71	0.22	0.9	0.47	-0.04	0.49	0.9		0.56	0.05	-0.43	0.9	0.82	0.19	0.9
Total Current Assets	0.78	0.6	0.83	0.93	0.85	0.69	0.59	0.9	-0.12	0.71	-0.12	0.81	0.7	0.63	0.95	0.27	0.52	0.68	0.56		0.13	0.05	0.61	0.72	0.33	0.59
Short Term Debt	0.04	0.12	0.03	0.32	-0.07	0.07	0.08	0.0	0.32	0.02	0.32	0.15	0.49	0.07	0.28	-0.39	-0.34	0.11	0.05	0.13		0.65	0.15	0.14	-0.23	0.09
Non Currrent Assets Other	-0.34	-0.35	-0.36	0.07	-0.33	-0.38	-0.38	-0.04	0.4	-0.4	0.4	-0.01	0.45	-0.37	0.24	-0.27	-0.49	-0.33	-0.43	0.05	0.65		-0.3	-0.17	-0.26	-0.36
Intangible Assets	0.95	1.0	0.79	0.78	0.8	0.96	0.99	0.47	-0.42	0.97	-0.42	0.77	0.18	0.99	0.57	-0.16	0.71	0.99	0.9	0.61	0.15	-0.3		0.95	0.54	1.0
Accounts Payable	0.94	0.93	0.76	0.82	0.85	0.92	0.93	0.62	-0.45	0.94	-0.45	0.91	0.35	0.94	0.7	-0.21	0.75	0.94	0.82	0.72	0.14	-0.17	0.95		0.59	0.93
Other Assets	0.47	0.55	0.23	0.29	0.33	0.41	0.55	0.1	-0.28	0.48	-0.28	0.4	-0.16	0.56	0.33	-0.05	0.92	0.54	0.19	0.33	-0.23	-0.26	0.54	0.59		0.56
Long Term Debt	0.95	1.0	0.8	0.75	0.79	0.96	1.0	0.44	-0.44	0.97	-0.44	0.73	0.12	1.0	0.54	-0.09	0.74	0.99	0.9	0.59	0.09	-0.36	1.0	0.93	0.56

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AZZ Incorporated Account Relationship Matchups

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AZZ Cash vs Total Current Assets Analysis

Cash vs Total Current Assets

Cash vs Total Current Assets Correlation Analysis

Correlation Coefficient

Cash

Total Current Assets

AZZ Incorporated fundamental ratios Correlations

AZZ Incorporated Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 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
Non Current Liabilities Total	+ 1.0	Net Debt
Long Term Debt	+ 1.0	Net Debt

Non Currrent Assets Other	- 0.49	Other Stockholder Equity
Cash And Short Term Investments	- 0.49	Non Current Assets Total
Non Current Assets Total	- 0.49	Cash
Other Stockholder Equity	- 0.48	Cash And Short Term Investments
Other Stockholder Equity	- 0.48	Cash
Cash And Short Term Investments	- 0.48	Net Debt