Cintas Long Term Debt vs Common Stock Analysis

CTAS Stock

USD 221.49 2.74 1.25%

Cintas financial indicator trend analysis is way more than just evaluating Cintas prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cintas is a good investment. Please check the relationship between Cintas Long Term Debt and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cintas. 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 Cintas Stock please use our How to Invest in Cintas guide.

Long Term Debt vs Common Stock

Long Term Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cintas Long Term Debt account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Cintas' Long Term Debt and Common Stock is 0.44. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Cintas, assuming nothing else is changed. The correlation between historical values of Cintas' Long Term Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Cintas are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Long Term Debt i.e., Cintas' Long Term Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that Cintas has held for over one year. Long-term debt appears on Cintas balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Cintas balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Common Stock

Most indicators from Cintas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cintas 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 Cintas. 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 Cintas Stock please use our How to Invest in Cintas guide.At this time, Cintas' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 29.64 in 2024, whereas Tax Provision is likely to drop slightly above 260.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	3.6B	4.2B	4.7B	4.9B
Total Revenue	7.9B	8.8B	9.6B	10.1B

Gross Profit Total Revenue

Cintas 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	Non Currrent Assets Other	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	Accounts Payable	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.94	0.79	0.89	0.97	0.99	0.9	0.95	0.07	0.99	0.44	-0.06	0.93	0.68	0.93	0.58	0.42	-0.9	0.98	0.72	0.96	0.2	0.96	0.84	0.71	0.84
Short Long Term Debt Total	0.94		0.59	0.79	0.83	0.93	0.99	0.82	-0.1	0.97	0.23	-0.19	0.82	0.5	0.98	0.65	0.21	-0.78	0.99	0.56	0.83	0.22	0.84	0.69	0.63	0.69
Other Current Liab	0.79	0.59		0.76	0.88	0.78	0.56	0.87	0.09	0.75	0.61	-0.06	0.81	0.77	0.6	0.36	0.58	-0.85	0.68	0.72	0.84	0.01	0.87	0.86	0.75	0.86
Total Current Liabilities	0.89	0.79	0.76		0.89	0.86	0.72	0.91	0.25	0.85	0.6	0.11	0.85	0.83	0.69	0.35	0.54	-0.89	0.84	0.79	0.92	0.12	0.87	0.87	0.72	0.87
Total Stockholder Equity	0.97	0.83	0.88	0.89		0.96	0.77	0.97	0.21	0.93	0.59	0.06	0.94	0.74	0.82	0.45	0.57	-0.92	0.89	0.81	0.98	0.18	0.97	0.88	0.69	0.88
Property Plant And Equipment Net	0.99	0.93	0.78	0.86	0.96		0.89	0.94	0.07	0.98	0.44	-0.05	0.93	0.61	0.92	0.54	0.43	-0.88	0.96	0.74	0.95	0.2	0.94	0.81	0.66	0.81
Net Debt	0.9	0.99	0.56	0.72	0.77	0.89		0.78	-0.26	0.95	0.18	-0.34	0.78	0.46	0.98	0.66	0.13	-0.75	0.97	0.5	0.76	0.2	0.8	0.67	0.64	0.67
Retained Earnings	0.95	0.82	0.87	0.91	0.97	0.94	0.78		0.08	0.91	0.64	-0.07	0.93	0.8	0.81	0.45	0.57	-0.98	0.89	0.83	0.97	0.11	0.98	0.95	0.78	0.95
Cash	0.07	-0.1	0.09	0.25	0.21	0.07	-0.26	0.08		-0.02	0.22	0.95	0.09	0.18	-0.17	-0.17	0.43	0.0	-0.05	0.22	0.26	0.08	0.06	0.02	-0.19	0.01
Non Current Assets Total	0.99	0.97	0.75	0.85	0.93	0.98	0.95	0.91	-0.02		0.37	-0.14	0.9	0.62	0.96	0.61	0.34	-0.87	0.99	0.67	0.92	0.22	0.93	0.8	0.7	0.8
Non Currrent Assets Other	0.44	0.23	0.61	0.6	0.59	0.44	0.18	0.64	0.22	0.37		0.0	0.55	0.65	0.2	-0.36	0.9	-0.65	0.31	0.91	0.56	-0.05	0.64	0.75	0.47	0.75
Cash And Short Term Investments	-0.06	-0.19	-0.06	0.11	0.06	-0.05	-0.34	-0.07	0.95	-0.14	0.0		-0.06	0.03	-0.26	-0.1	0.22	0.14	-0.15	0.01	0.12	0.06	-0.1	-0.16	-0.31	-0.16
Net Receivables	0.93	0.82	0.81	0.85	0.94	0.93	0.78	0.93	0.09	0.9	0.55	-0.06		0.7	0.8	0.37	0.48	-0.88	0.87	0.78	0.93	0.12	0.91	0.84	0.65	0.84
Common Stock Shares Outstanding	0.68	0.5	0.77	0.83	0.74	0.61	0.46	0.8	0.18	0.62	0.65	0.03	0.7		0.44	0.27	0.52	-0.85	0.59	0.65	0.77	-0.01	0.75	0.9	0.71	0.9
Non Current Liabilities Total	0.93	0.98	0.6	0.69	0.82	0.92	0.98	0.81	-0.17	0.96	0.2	-0.26	0.8	0.44		0.68	0.19	-0.77	0.97	0.53	0.81	0.21	0.85	0.68	0.62	0.68
Inventory	0.58	0.65	0.36	0.35	0.45	0.54	0.66	0.45	-0.17	0.61	-0.36	-0.1	0.37	0.27	0.68		-0.33	-0.44	0.66	-0.1	0.49	0.12	0.43	0.31	0.47	0.32
Other Current Assets	0.42	0.21	0.58	0.54	0.57	0.43	0.13	0.57	0.43	0.34	0.9	0.22	0.48	0.52	0.19	-0.33		-0.54	0.28	0.87	0.55	-0.1	0.6	0.62	0.29	0.61
Other Stockholder Equity	-0.9	-0.78	-0.85	-0.89	-0.92	-0.88	-0.75	-0.98	0.0	-0.87	-0.65	0.14	-0.88	-0.85	-0.77	-0.44	-0.54		-0.85	-0.8	-0.93	-0.05	-0.95	-0.98	-0.82	-0.98
Total Liab	0.98	0.99	0.68	0.84	0.89	0.96	0.97	0.89	-0.05	0.99	0.31	-0.15	0.87	0.59	0.97	0.66	0.28	-0.85		0.62	0.9	0.2	0.9	0.77	0.7	0.77
Property Plant And Equipment Gross	0.72	0.56	0.72	0.79	0.81	0.74	0.5	0.83	0.22	0.67	0.91	0.01	0.78	0.65	0.53	-0.1	0.87	-0.8	0.62		0.79	0.1	0.84	0.83	0.53	0.83
Total Current Assets	0.96	0.83	0.84	0.92	0.98	0.95	0.76	0.97	0.26	0.92	0.56	0.12	0.93	0.77	0.81	0.49	0.55	-0.93	0.9	0.79		0.14	0.96	0.88	0.7	0.89
Short Term Debt	0.2	0.22	0.01	0.12	0.18	0.2	0.2	0.11	0.08	0.22	-0.05	0.06	0.12	-0.01	0.21	0.12	-0.1	-0.05	0.2	0.1	0.14		0.14	0.02	-0.19	0.02
Accounts Payable	0.96	0.84	0.87	0.87	0.97	0.94	0.8	0.98	0.06	0.93	0.64	-0.1	0.91	0.75	0.85	0.43	0.6	-0.95	0.9	0.84	0.96	0.14		0.93	0.74	0.93
Common Stock Total Equity	0.84	0.69	0.86	0.87	0.88	0.81	0.67	0.95	0.02	0.8	0.75	-0.16	0.84	0.9	0.68	0.31	0.62	-0.98	0.77	0.83	0.88	0.02	0.93		0.82	1.0
Short Term Investments	0.71	0.63	0.75	0.72	0.69	0.66	0.64	0.78	-0.19	0.7	0.47	-0.31	0.65	0.71	0.62	0.47	0.29	-0.82	0.7	0.53	0.7	-0.19	0.74	0.82		0.83
Common Stock	0.84	0.69	0.86	0.87	0.88	0.81	0.67	0.95	0.01	0.8	0.75	-0.16	0.84	0.9	0.68	0.32	0.61	-0.98	0.77	0.83	0.89	0.02	0.93	1.0	0.83

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Cintas Account Relationship Matchups

Cintas fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.7B	8.2B	8.1B	8.5B	8.9B	9.3B
Short Long Term Debt Total	2.7B	2.7B	3.0B	2.7B	2.7B	2.8B
Other Current Liab	611.2M	738.1M	760.4M	871.6M	929.7M	976.2M
Total Current Liabilities	885.2M	1.9B	1.4B	1.2B	1.8B	1.9B
Total Stockholder Equity	3.2B	3.7B	3.3B	3.9B	4.3B	4.5B
Property Plant And Equipment Net	1.6B	1.5B	1.5B	1.6B	1.7B	1.8B
Net Debt	2.6B	2.2B	2.9B	2.5B	2.3B	2.4B
Retained Earnings	7.3B	7.9B	8.7B	9.6B	10.6B	11.1B
Cash	145.4M	493.6M	90.5M	124.1M	342.0M	359.1M
Non Current Assets Total	5.4B	5.4B	5.5B	5.6B	5.7B	6.0B
Non Currrent Assets Other	(127.8M)	(76.2M)	(129.7M)	100.5M	1.4B	1.5B
Cash And Short Term Investments	145.4M	493.6M	90.5M	124.1M	342.0M	186.6M
Net Receivables	870.4M	924.0M	1.0B	1.2B	1.2B	1.3B
Common Stock Shares Outstanding	107.0M	430.8M	422.1M	413.5M	413.5M	434.1M
Liabilities And Stockholders Equity	7.7B	8.2B	8.1B	8.5B	9.5B	10.0B
Non Current Liabilities Total	3.5B	2.6B	3.4B	3.5B	3.0B	3.2B
Inventory	1.2B	1.3B	1.4B	1.5B	410.2M	426.8M
Other Current Assets	114.6M	133.8M	124.7M	142.8M	1.2B	1.2B
Other Stockholder Equity	(5.0B)	(5.7B)	(7.3B)	(7.8B)	(8.7B)	(8.3B)
Total Liab	4.4B	4.5B	4.8B	4.7B	4.6B	4.8B
Property Plant And Equipment Gross	1.6B	1.5B	1.5B	1.6B	4.3B	4.5B
Total Current Assets	2.3B	2.8B	2.6B	2.9B	3.2B	3.3B
Accumulated Other Comprehensive Income	(153.4M)	30.9M	107.9M	77.8M	91.2M	95.8M
Short Term Debt	43.0M	942.9M	399.3M	43.7M	541.0M	568.1M
Accounts Payable	231.0M	230.8M	251.5M	302.3M	339.2M	356.1M
Common Stock Total Equity	1.1B	1.4B	1.8B	2.0B	2.3B	2.5B
Common Stock	1.1B	1.4B	1.8B	2.0B	2.3B	2.4B
Other Assets	450.9M	560.3M	344.1M	(1.7B)	(1.5B)	(1.5B)
Long Term Debt	2.5B	1.6B	2.5B	2.5B	2.0B	1.5B
Property Plant Equipment	1.4B	1.4B	1.5B	1.4B	1.6B	1.1B
Good Will	2.9B	2.9B	3.0B	3.1B	3.2B	2.0B
Intangible Assets	451.5M	408.4M	391.6M	346.6M	321.9M	273.3M
Treasury Stock	(4.7B)	(5.2B)	(5.7B)	(7.3B)	(6.6B)	(6.2B)
Other Liab	732.3M	721.4M	779.7M	793.2M	912.2M	957.8M
Net Tangible Assets	(86.3M)	279.4M	(126.4M)	461.2M	415.1M	435.8M
Retained Earnings Total Equity	7.3B	7.9B	8.7B	9.6B	11.0B	5.9B
Long Term Debt Total	2.5B	1.6B	2.5B	2.5B	2.9B	2.1B
Capital Surpluse	245.2M	227.9M	171.5M	98.9M	113.7M	177.7M

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