CBIZ Net Tangible Assets vs Net Debt Analysis

CBZ Stock

USD 82.01 1.22 1.51%

CBIZ financial indicator trend analysis is way more than just evaluating CBIZ Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CBIZ Inc is a good investment. Please check the relationship between CBIZ Net Tangible Assets and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CBIZ Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Net Tangible Assets vs Net Debt

Net Tangible Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CBIZ Inc Net Tangible Assets account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between CBIZ's Net Tangible Assets and Net Debt is -0.6. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of CBIZ Inc, assuming nothing else is changed. The correlation between historical values of CBIZ's Net Tangible Assets and Net Debt 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 Tangible Assets of CBIZ Inc are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Tangible Assets i.e., CBIZ's Net Tangible Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.6

Relationship Direction	Negative
Relationship Strength	Weak

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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

Sales General And Administrative To Revenue is likely to rise to 0.05 in 2024, whereas Selling General Administrative is likely to drop slightly above 35.1 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	159.3M	223.4M	225.1M	236.4M
Total Revenue	1.1B	1.4B	1.6B	1.7B

Gross Profit Total Revenue

CBIZ 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Retained Earnings	Other Assets	Common Stock Total Equity
Total Assets		0.84	0.95	0.97	0.81	0.88	0.89	0.81	0.74	0.99	0.83	0.74	0.98	0.99	0.59	0.93	0.74	-0.6	0.98	0.88	0.96	0.34	0.79	0.95	0.88	0.82
Short Long Term Debt Total	0.84		0.76	0.76	0.58	0.74	0.94	0.54	0.73	0.82	0.65	0.73	0.85	0.81	0.39	0.93	0.7	-0.54	0.89	0.78	0.79	0.63	0.82	0.75	0.83	0.59
Other Current Liab	0.95	0.76		0.98	0.85	0.73	0.77	0.79	0.66	0.94	0.7	0.66	0.92	0.96	0.66	0.83	0.61	-0.48	0.92	0.75	0.95	0.38	0.81	0.9	0.77	0.84
Total Current Liabilities	0.97	0.76	0.98		0.85	0.8	0.81	0.82	0.67	0.96	0.76	0.67	0.94	0.97	0.62	0.85	0.6	-0.56	0.95	0.81	0.95	0.31	0.8	0.93	0.81	0.84
Total Stockholder Equity	0.81	0.58	0.85	0.85		0.64	0.59	0.95	0.43	0.81	0.64	0.43	0.74	0.84	0.71	0.66	0.51	-0.33	0.76	0.63	0.79	0.31	0.72	0.76	0.63	0.95
Property Plant And Equipment Net	0.88	0.74	0.73	0.8	0.64		0.82	0.7	0.8	0.91	0.92	0.8	0.87	0.85	0.2	0.84	0.82	-0.82	0.86	0.98	0.71	0.32	0.52	0.93	0.92	0.64
Net Debt	0.89	0.94	0.77	0.81	0.59	0.82		0.61	0.79	0.88	0.76	0.79	0.91	0.86	0.37	0.99	0.78	-0.62	0.95	0.86	0.83	0.36	0.84	0.81	0.89	0.59
Accounts Payable	0.81	0.54	0.79	0.82	0.95	0.7	0.61		0.44	0.81	0.67	0.44	0.76	0.83	0.67	0.68	0.55	-0.42	0.76	0.67	0.79	0.16	0.65	0.77	0.6	0.92
Cash	0.74	0.73	0.66	0.67	0.43	0.8	0.79	0.44		0.75	0.67	1.0	0.79	0.7	0.04	0.8	0.78	-0.72	0.77	0.82	0.64	0.26	0.58	0.79	0.84	0.5
Non Current Assets Total	0.99	0.82	0.94	0.96	0.81	0.91	0.88	0.81	0.75		0.87	0.75	0.97	0.99	0.53	0.92	0.77	-0.65	0.98	0.91	0.92	0.35	0.75	0.97	0.89	0.81
Non Currrent Assets Other	0.83	0.65	0.7	0.76	0.64	0.92	0.76	0.67	0.67	0.87		0.67	0.79	0.82	0.29	0.78	0.74	-0.66	0.8	0.89	0.66	0.2	0.48	0.86	0.81	0.61
Cash And Short Term Investments	0.74	0.73	0.66	0.67	0.43	0.8	0.79	0.44	1.0	0.75	0.67		0.79	0.7	0.04	0.8	0.78	-0.72	0.77	0.82	0.64	0.26	0.58	0.79	0.84	0.5
Net Receivables	0.98	0.85	0.92	0.94	0.74	0.87	0.91	0.76	0.79	0.97	0.79	0.79		0.97	0.49	0.94	0.73	-0.7	0.98	0.89	0.94	0.34	0.79	0.95	0.88	0.78
Good Will	0.99	0.81	0.96	0.97	0.84	0.85	0.86	0.83	0.7	0.99	0.82	0.7	0.97		0.63	0.91	0.74	-0.56	0.97	0.85	0.96	0.33	0.79	0.95	0.84	0.84
Common Stock Shares Outstanding	0.59	0.39	0.66	0.62	0.71	0.2	0.37	0.67	0.04	0.53	0.29	0.04	0.49	0.63		0.45	0.2	0.21	0.54	0.17	0.73	0.14	0.61	0.39	0.18	0.71
Non Current Liabilities Total	0.93	0.93	0.83	0.85	0.66	0.84	0.99	0.68	0.8	0.92	0.78	0.8	0.94	0.91	0.45		0.83	-0.61	0.97	0.87	0.88	0.35	0.84	0.86	0.9	0.66
Other Current Assets	0.74	0.7	0.61	0.6	0.51	0.82	0.78	0.55	0.78	0.77	0.74	0.78	0.73	0.74	0.2	0.83		-0.58	0.77	0.84	0.6	0.27	0.53	0.75	0.85	0.49
Other Stockholder Equity	-0.6	-0.54	-0.48	-0.56	-0.33	-0.82	-0.62	-0.42	-0.72	-0.65	-0.66	-0.72	-0.7	-0.56	0.21	-0.61	-0.58		-0.61	-0.85	-0.44	-0.25	-0.29	-0.77	-0.76	-0.38
Total Liab	0.98	0.89	0.92	0.95	0.76	0.86	0.95	0.76	0.77	0.98	0.8	0.77	0.98	0.97	0.54	0.97	0.77	-0.61		0.88	0.94	0.34	0.86	0.92	0.9	0.76
Property Plant And Equipment Gross	0.88	0.78	0.75	0.81	0.63	0.98	0.86	0.67	0.82	0.91	0.89	0.82	0.89	0.85	0.17	0.87	0.84	-0.85	0.88		0.72	0.35	0.58	0.94	0.96	0.62
Total Current Assets	0.96	0.79	0.95	0.95	0.79	0.71	0.83	0.79	0.64	0.92	0.66	0.64	0.94	0.96	0.73	0.88	0.6	-0.44	0.94	0.72		0.29	0.84	0.86	0.73	0.83
Short Term Debt	0.34	0.63	0.38	0.31	0.31	0.32	0.36	0.16	0.26	0.35	0.2	0.26	0.34	0.33	0.14	0.35	0.27	-0.25	0.34	0.35	0.29		0.31	0.35	0.39	0.32
Intangible Assets	0.79	0.82	0.81	0.8	0.72	0.52	0.84	0.65	0.58	0.75	0.48	0.58	0.79	0.79	0.61	0.84	0.53	-0.29	0.86	0.58	0.84	0.31		0.64	0.69	0.69
Retained Earnings	0.95	0.75	0.9	0.93	0.76	0.93	0.81	0.77	0.79	0.97	0.86	0.79	0.95	0.95	0.39	0.86	0.75	-0.77	0.92	0.94	0.86	0.35	0.64		0.9	0.79
Other Assets	0.88	0.83	0.77	0.81	0.63	0.92	0.89	0.6	0.84	0.89	0.81	0.84	0.88	0.84	0.18	0.9	0.85	-0.76	0.9	0.96	0.73	0.39	0.69	0.9		0.6
Common Stock Total Equity	0.82	0.59	0.84	0.84	0.95	0.64	0.59	0.92	0.5	0.81	0.61	0.5	0.78	0.84	0.71	0.66	0.49	-0.38	0.76	0.62	0.83	0.32	0.69	0.79	0.6

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CBIZ Account Relationship Matchups

CBIZ fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.5B	1.6B	1.9B	2.0B	2.1B
Short Long Term Debt Total	265.4M	279.7M	331.2M	474.5M	551.0M	578.6M
Other Current Liab	208.4M	280.9M	294.7M	357.4M	354.4M	372.1M
Total Current Liabilities	365.9M	378.3M	423.3M	512.4M	511.9M	537.5M
Total Stockholder Equity	535.7M	595.3M	704.5M	713.5M	791.6M	400.9M
Property Plant And Equipment Net	180.2M	189.2M	194.6M	229.2M	268.0M	281.4M
Net Debt	264.8M	275.0M	329.2M	469.8M	542.9M	570.1M
Accounts Payable	68.5M	64.1M	65.8M	80.7M	82.8M	42.8M
Cash	567K	4.7M	2.0M	4.7M	8.1M	7.6M
Non Current Assets Total	944.8M	1.1B	1.2B	1.3B	1.4B	1.5B
Non Currrent Assets Other	109.8M	131.4M	140.9M	97.3M	149.1M	156.5M
Cash And Short Term Investments	567K	4.7M	2.0M	4.7M	8.1M	7.6M
Net Receivables	222.0M	216.2M	242.2M	334.5M	380.2M	399.2M
Good Will	588.2M	683.1M	740.7M	819.9M	865.2M	908.4M
Common Stock Shares Outstanding	55.9M	55.4M	53.7M	52.4M	50.6M	48.1M
Liabilities And Stockholders Equity	1.3B	1.4B	1.6B	1.9B	2.0B	2.1B
Non Current Liabilities Total	375.6M	432.9M	500.1M	653.3M	740.1M	777.1M
Other Current Assets	24.3M	215.6M	207.5M	229.2M	224.4M	235.7M
Other Stockholder Equity	55.5M	145.7M	75.4M	(25.6M)	(66.6M)	(63.3M)
Total Liab	741.5M	811.1M	923.4M	1.2B	1.3B	1.3B
Property Plant And Equipment Gross	180.2M	189.2M	284.3M	329.4M	379.6M	398.6M
Total Current Assets	456.0M	436.4M	451.7M	568.4M	612.7M	643.3M
Accumulated Other Comprehensive Income	(680K)	(2.3M)	(967K)	3.6M	1.8M	1.9M
Short Term Debt	29.0M	30.5M	61.2M	72.7M	72.6M	76.2M
Intangible Assets	66.5M	73.7M	100.0M	131.8M	143.4M	115.0M
Retained Earnings	479.6M	557.9M	628.8M	734.1M	855.1M	897.8M
Other Assets	109.8M	279.2M	543.0M	588.2M	676.5M	710.3M
Common Stock Total Equity	1.3M	1.3M	1.4M	1.4M	1.6M	1.2M
Common Stock	1.3M	1.3M	1.4M	1.4M	1.4M	1.3M
Other Liab	138.7M	325.7M	345.2M	215.2M	247.4M	259.8M
Long Term Debt	104.3M	107.2M	154.9M	263.7M	310.8M	174.8M
Treasury Stock	(508.5M)	(535.7M)	(595.3M)	(694.7M)	(625.2M)	(594.0M)
Property Plant Equipment	39.4M	41.3M	43.4M	45.2M	40.7M	26.3M
Inventory	209.1M	191.4M	188.3M	199.8M	1.0	0.95
Net Tangible Assets	4.6M	(54.1M)	(136.2M)	(238.3M)	(274.0M)	(260.3M)
Retained Earnings Total Equity	479.6M	557.9M	628.8M	734.1M	844.2M	886.4M
Long Term Debt Total	104.3M	107.2M	154.9M	263.7M	237.3M	153.6M
Capital Surpluse	714.7M	741.0M	770.1M	799.1M	919.0M	737.6M

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CBIZ Net Tangible Assets vs Net Debt Analysis

Net Tangible Assets vs Net Debt

Net Tangible Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Debt

CBIZ fundamental ratios Correlations

CBIZ Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CBIZ fundamental ratios Accounts

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Additional Tools for CBIZ Stock Analysis

COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Good Will	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Net Debt
Good Will	+ 0.99	Non Current Assets Total
Net Receivables	+ 0.98	Total Assets

Property Plant And Equipment Gross	- 0.85	Other Stockholder Equity
Other Stockholder Equity	- 0.82	Property Plant And Equipment Net
Retained Earnings	- 0.77	Other Stockholder Equity
Other Assets	- 0.76	Other Stockholder Equity
Other Stockholder Equity	- 0.72	Cash And Short Term Investments
Other Stockholder Equity	- 0.72	Cash