Reece Property Plant And Equipment Gross vs Total Current Liabilities Analysis

REH Stock

25.74 0.15 0.59%

Reece financial indicator trend analysis is much more than just breaking down Reece prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reece is a good investment. Please check the relationship between Reece Property Plant And Equipment Gross and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reece. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Property Plant And Equipment Gross vs Total Current Liabilities

Property Plant And Equipment Gross vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reece Property Plant And Equipment Gross account and Total Current Liabilities. At this time, the significance of the direction appears to have totally related.

The correlation between Reece's Property Plant And Equipment Gross and Total Current Liabilities is 0.99. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Reece, assuming nothing else is changed. The correlation between historical values of Reece's Property Plant And Equipment Gross and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Reece are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Property Plant And Equipment Gross i.e., Reece's Property Plant And Equipment Gross and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Property Plant And Equipment Gross

Total Current Liabilities

Total Current Liabilities is an item on Reece balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Reece are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Reece's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reece 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reece. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 1 M in 2024. Tax Provision is likely to drop to about 119.6 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	68.4M	86.3M	104.3M	109.5M
Depreciation And Amortization	258.2M	289.9M	325.4M	341.7M

Interest Expense Depreciation And Amortization

Reece fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Non Currrent Assets Other
Total Assets		0.92	0.99	0.99	0.98	0.97	0.48	0.93	0.93	0.97	0.6	1.0	0.6	0.99	0.98	0.98	0.88	0.95	0.98	-0.39	0.98	0.97	1.0	0.86	0.98	-0.37
Short Long Term Debt Total	0.92		0.9	0.86	0.89	0.84	0.46	0.82	0.8	0.83	0.76	0.9	0.76	0.87	0.91	0.95	0.78	0.91	0.87	-0.37	0.91	0.84	0.94	0.68	0.95	-0.47
Other Current Liab	0.99	0.9		0.99	0.98	0.96	0.43	0.92	0.93	0.97	0.55	0.98	0.55	0.99	0.96	0.97	0.91	0.92	0.98	-0.44	0.96	0.97	0.99	0.86	0.97	-0.39
Total Current Liabilities	0.99	0.86	0.99		0.98	0.98	0.47	0.91	0.95	0.99	0.51	0.98	0.51	1.0	0.95	0.96	0.89	0.9	0.99	-0.44	0.96	0.99	0.98	0.89	0.96	-0.36
Total Stockholder Equity	0.98	0.89	0.98	0.98		0.98	0.41	0.86	0.98	0.98	0.55	0.97	0.55	0.98	0.93	0.97	0.84	0.87	0.98	-0.34	0.93	0.98	0.98	0.86	0.97	-0.32
Property Plant And Equipment Net	0.97	0.84	0.96	0.98	0.98		0.44	0.86	0.96	0.98	0.53	0.97	0.53	0.97	0.91	0.95	0.83	0.87	0.96	-0.33	0.92	1.0	0.97	0.91	0.95	-0.32
Current Deferred Revenue	0.48	0.46	0.43	0.47	0.41	0.44		0.44	0.29	0.41	0.57	0.47	0.57	0.44	0.45	0.5	0.52	0.54	0.39	-0.51	0.52	0.46	0.49	0.42	0.5	-0.52
Net Debt	0.93	0.82	0.92	0.91	0.86	0.86	0.44		0.79	0.9	0.42	0.95	0.42	0.92	0.98	0.87	0.87	0.96	0.91	-0.38	0.96	0.86	0.9	0.79	0.87	-0.3
Retained Earnings	0.93	0.8	0.93	0.95	0.98	0.96	0.29	0.79		0.97	0.44	0.92	0.44	0.95	0.87	0.9	0.75	0.78	0.96	-0.27	0.86	0.96	0.94	0.85	0.9	-0.22
Accounts Payable	0.97	0.83	0.97	0.99	0.98	0.98	0.41	0.9	0.97		0.45	0.97	0.45	0.99	0.94	0.93	0.84	0.87	0.99	-0.42	0.93	0.98	0.97	0.89	0.93	-0.3
Cash	0.6	0.76	0.55	0.51	0.55	0.53	0.57	0.42	0.44	0.45		0.56	1.0	0.47	0.55	0.66	0.43	0.66	0.45	-0.3	0.62	0.54	0.63	0.45	0.66	-0.59
Non Current Assets Total	1.0	0.9	0.98	0.98	0.97	0.97	0.47	0.95	0.92	0.97	0.56		0.56	0.98	0.99	0.97	0.88	0.96	0.97	-0.37	0.99	0.97	0.98	0.86	0.97	-0.34
Cash And Short Term Investments	0.6	0.76	0.55	0.51	0.55	0.53	0.57	0.42	0.44	0.45	1.0	0.56		0.47	0.55	0.66	0.43	0.66	0.45	-0.3	0.62	0.54	0.63	0.45	0.66	-0.59
Net Receivables	0.99	0.87	0.99	1.0	0.98	0.97	0.44	0.92	0.95	0.99	0.47	0.98	0.47		0.96	0.96	0.89	0.9	1.0	-0.41	0.95	0.98	0.98	0.87	0.96	-0.33
Good Will	0.98	0.91	0.96	0.95	0.93	0.91	0.45	0.98	0.87	0.94	0.55	0.99	0.55	0.96		0.94	0.89	0.98	0.95	-0.39	0.99	0.92	0.96	0.81	0.94	-0.33
Common Stock Total Equity	0.98	0.95	0.97	0.96	0.97	0.95	0.5	0.87	0.9	0.93	0.66	0.97	0.66	0.96	0.94		0.89	0.92	0.95	-0.41	0.95	0.95	0.98	0.83	1.0	-0.37
Common Stock Shares Outstanding	0.88	0.78	0.91	0.89	0.84	0.83	0.52	0.87	0.75	0.84	0.43	0.88	0.43	0.89	0.89	0.89		0.85	0.88	-0.54	0.88	0.85	0.87	0.8	0.89	-0.33
Non Current Liabilities Total	0.95	0.91	0.92	0.9	0.87	0.87	0.54	0.96	0.78	0.87	0.66	0.96	0.66	0.9	0.98	0.92	0.85		0.88	-0.4	0.99	0.87	0.93	0.78	0.92	-0.43
Inventory	0.98	0.87	0.98	0.99	0.98	0.96	0.39	0.91	0.96	0.99	0.45	0.97	0.45	1.0	0.95	0.95	0.88	0.88		-0.41	0.94	0.97	0.98	0.86	0.95	-0.32
Other Stockholder Equity	-0.39	-0.37	-0.44	-0.44	-0.34	-0.33	-0.51	-0.38	-0.27	-0.42	-0.3	-0.37	-0.3	-0.41	-0.39	-0.41	-0.54	-0.4	-0.41		-0.43	-0.36	-0.43	-0.38	-0.41	0.54
Total Liab	0.98	0.91	0.96	0.96	0.93	0.92	0.52	0.96	0.86	0.93	0.62	0.99	0.62	0.95	0.99	0.95	0.88	0.99	0.94	-0.43		0.93	0.97	0.83	0.95	-0.41
Property Plant And Equipment Gross	0.97	0.84	0.97	0.99	0.98	1.0	0.46	0.86	0.96	0.98	0.54	0.97	0.54	0.98	0.92	0.95	0.85	0.87	0.97	-0.36	0.93		0.97	0.91	0.95	-0.35
Total Current Assets	1.0	0.94	0.99	0.98	0.98	0.97	0.49	0.9	0.94	0.97	0.63	0.98	0.63	0.98	0.96	0.98	0.87	0.93	0.98	-0.43	0.97	0.97		0.85	0.98	-0.42
Short Term Debt	0.86	0.68	0.86	0.89	0.86	0.91	0.42	0.79	0.85	0.89	0.45	0.86	0.45	0.87	0.81	0.83	0.8	0.78	0.86	-0.38	0.83	0.91	0.85		0.83	-0.27
Common Stock	0.98	0.95	0.97	0.96	0.97	0.95	0.5	0.87	0.9	0.93	0.66	0.97	0.66	0.96	0.94	1.0	0.89	0.92	0.95	-0.41	0.95	0.95	0.98	0.83		-0.37
Non Currrent Assets Other	-0.37	-0.47	-0.39	-0.36	-0.32	-0.32	-0.52	-0.3	-0.22	-0.3	-0.59	-0.34	-0.59	-0.33	-0.33	-0.37	-0.33	-0.43	-0.32	0.54	-0.41	-0.35	-0.42	-0.27	-0.37

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Reece Account Relationship Matchups

Reece fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.3B	6.1B	6.6B	6.9B	7.1B	7.4B
Short Long Term Debt Total	2.5B	2.0B	1.9B	2.0B	1.8B	1.9B
Other Current Liab	349.1M	425.8M	456.7M	492.2M	467.8M	491.1M
Total Current Liabilities	1.1B	1.3B	1.5B	1.4B	1.5B	1.6B
Total Stockholder Equity	2.7B	2.9B	3.3B	3.6B	3.9B	4.1B
Property Plant And Equipment Net	1.3B	1.3B	1.5B	1.6B	1.8B	1.9B
Current Deferred Revenue	34.4M	32.3M	30.8M	11.4M	560K	532K
Net Debt	1.5B	1.2B	1.7B	1.6B	1.5B	1.6B
Retained Earnings	1.5B	1.7B	1.9B	2.2B	2.4B	2.6B
Accounts Payable	591.9M	688.3M	854.0M	786.0M	874.8M	918.6M
Cash	1.0B	829.0M	220.5M	372.7M	341.4M	358.4M
Non Current Assets Total	3.4B	3.1B	3.5B	3.7B	3.9B	4.1B
Cash And Short Term Investments	1.0B	829.0M	220.5M	372.7M	341.4M	358.4M
Net Receivables	915.7M	1.0B	1.3B	1.3B	1.3B	1.4B
Good Will	1.5B	1.4B	1.5B	1.5B	1.5B	1.6B
Common Stock Shares Outstanding	564.5M	574.1M	646.0M	645.7M	644.9M	612.6M
Liabilities And Stockholders Equity	6.3B	6.1B	6.6B	6.9B	7.1B	7.4B
Non Current Liabilities Total	2.5B	2.0B	1.8B	1.9B	1.7B	1.8B
Inventory	967.5M	1.1B	1.5B	1.5B	1.5B	1.6B
Other Stockholder Equity	(51.0K)	1.0	(2.9B)	(3.2B)	0.9	0.95
Total Liab	3.6B	3.2B	3.3B	3.3B	3.2B	3.4B
Property Plant And Equipment Gross	1.3B	1.3B	1.6B	1.7B	1.8B	1.9B
Total Current Assets	2.9B	3.0B	3.1B	3.2B	3.2B	3.4B
Accumulated Other Comprehensive Income	30.4M	(39.5M)	126.8M	192.3M	193.3M	203.0M
Short Term Debt	99.9M	112.4M	118.6M	131.4M	135.8M	142.6M
Non Currrent Assets Other	(1.5B)	(1.4B)	(1.5B)	(1.5B)	(2.0)	(2.1)
Other Current Assets	15.9M	19.8M	29.8M	28.9M	31.5M	26.8M
Intangible Assets	2.0B	1.8B	1.9B	2.0B	460.9M	422.7M
Other Liab	111.3M	67.8M	42.4M	47.4M	54.5M	57.3M
Other Assets	39.3M	49.8M	53.7M	1.0	72.6M	0.95
Property Plant Equipment	1.3B	1.3B	1.5B	1.6B	1.8B	1.9B
Long Term Debt	1.7B	1.3B	1.1B	1.1B	859.3M	699.7M
Long Term Debt Total	2.4B	1.9B	1.8B	1.8B	2.1B	1.2B
Net Tangible Assets	778.9M	1.1B	1.4B	1.6B	1.8B	1.2B
Net Invested Capital	4.5B	4.2B	4.4B	4.7B	4.7B	4.0B

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