MTZ Stock | | | USD 142.15 0.09 0.06% |
MasTec financial indicator trend analysis is infinitely more than just investigating MasTec Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MasTec Inc is a good investment. Please check the relationship between MasTec Long Term Debt Total and its Long Term Debt accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec 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 estimate.
Long Term Debt Total vs Long Term Debt
Long Term Debt Total vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MasTec Inc Long Term Debt Total account and
Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between MasTec's Long Term Debt Total and Long Term Debt is 0.98. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of MasTec Inc, assuming nothing else is changed. The correlation between historical values of MasTec's Long Term Debt Total and Long Term 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 Long Term Debt Total of MasTec Inc are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Long Term Debt Total i.e., MasTec's Long Term Debt Total and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Debt Total
Long Term Debt
Long-term debt is a debt that MasTec Inc has held for over one year. Long-term debt appears on MasTec Inc 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 MasTec Inc 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.
Most indicators from MasTec's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MasTec 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasTec 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 estimate.
At this time, MasTec's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.09 in 2024, whereas
Discontinued Operations is likely to drop (7.8
M) in 2024.
MasTec fundamental ratios Correlations
Click cells to compare fundamentals
MasTec Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MasTec fundamental ratios Accounts
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