Timken Long Term Debt Total vs Net Debt Analysis

TKR Stock

USD 75.22 1.28 1.73%

Timken financial indicator trend analysis is much more than just breaking down Timken Company prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Timken Company is a good investment. Please check the relationship between Timken Long Term Debt Total and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Timken Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Long Term Debt Total vs Net Debt

Long Term Debt Total vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Timken Company Long Term Debt Total account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Timken's Long Term Debt Total and Net Debt is 0.98. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Net Debt in the same time period over historical financial statements of Timken Company, assuming nothing else is changed. The correlation between historical values of Timken's Long Term Debt Total 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 Long Term Debt Total of Timken Company 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 Long Term Debt Total i.e., Timken's Long Term Debt Total and Net Debt go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Long Term Debt Total

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 Timken's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Timken Company 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Timken Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

At this time, Timken's Issuance Of Capital Stock is relatively stable compared to the past year. As of 11/22/2024, Enterprise Value is likely to grow to about 8.2 B, while Selling General Administrative is likely to drop slightly above 587.9 M.

	2021	2022	2023	2024 (projected)
Total Revenue	4.1B	4.5B	4.8B	3.4B
Depreciation And Amortization	167.8M	164M	201.3M	150.7M

Total Revenue Depreciation And Amortization

Timken 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	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.65	0.62	0.67	0.88	0.65	0.56	0.64	0.54	0.97	-0.06	0.54	0.96	0.2	0.89	0.97	0.77	0.44	0.96	0.95	0.38	0.85	0.66	0.39	-0.65	-0.64
Short Long Term Debt Total	0.65		0.64	0.79	0.34	0.32	0.98	0.03	0.22	0.74	-0.6	0.22	0.64	-0.21	0.77	0.6	0.17	0.0	0.77	0.48	0.69	0.77	1.0	0.65	-0.79	-0.79
Other Current Liab	0.62	0.64		0.49	0.39	0.36	0.64	0.01	0.08	0.69	-0.52	0.08	0.54	-0.46	0.66	0.6	0.24	0.18	0.69	0.47	0.31	0.71	0.63	0.36	-0.77	-0.77
Total Current Liabilities	0.67	0.79	0.49		0.6	0.71	0.68	0.36	0.62	0.66	-0.19	0.62	0.6	0.14	0.52	0.67	0.48	0.42	0.64	0.62	0.89	0.69	0.79	0.89	-0.75	-0.76
Total Stockholder Equity	0.88	0.34	0.39	0.6		0.81	0.2	0.82	0.72	0.8	0.26	0.72	0.81	0.45	0.59	0.85	0.9	0.68	0.72	0.91	0.32	0.65	0.34	0.34	-0.48	-0.48
Property Plant And Equipment Net	0.65	0.32	0.36	0.71	0.81		0.17	0.67	0.81	0.57	0.2	0.81	0.49	0.29	0.34	0.64	0.74	0.71	0.49	0.69	0.52	0.52	0.33	0.63	-0.45	-0.46
Net Debt	0.56	0.98	0.64	0.68	0.2	0.17		-0.11	0.02	0.68	-0.71	0.02	0.56	-0.35	0.73	0.5	0.02	-0.16	0.71	0.35	0.63	0.72	0.98	0.56	-0.74	-0.74
Retained Earnings	0.64	0.03	0.01	0.36	0.82	0.67	-0.11		0.69	0.51	0.51	0.69	0.59	0.68	0.35	0.65	0.78	0.46	0.46	0.75	0.14	0.24	0.02	0.21	-0.01	0.0
Cash	0.54	0.22	0.08	0.62	0.72	0.81	0.02	0.69		0.38	0.5	1.0	0.47	0.64	0.27	0.58	0.76	0.83	0.39	0.71	0.41	0.36	0.22	0.55	-0.34	-0.34
Non Current Assets Total	0.97	0.74	0.69	0.66	0.8	0.57	0.68	0.51	0.38		-0.25	0.38	0.92	0.02	0.91	0.89	0.62	0.28	0.97	0.84	0.43	0.85	0.74	0.4	-0.69	-0.69
Non Currrent Assets Other	-0.06	-0.6	-0.52	-0.19	0.26	0.2	-0.71	0.51	0.5	-0.25		0.5	-0.01	0.8	-0.28	0.02	0.52	0.55	-0.22	0.22	-0.34	-0.3	-0.58	-0.24	0.5	0.5
Cash And Short Term Investments	0.54	0.22	0.08	0.62	0.72	0.81	0.02	0.69	1.0	0.38	0.5		0.47	0.64	0.27	0.58	0.76	0.83	0.39	0.71	0.41	0.36	0.22	0.55	-0.34	-0.34
Net Receivables	0.96	0.64	0.54	0.6	0.81	0.49	0.56	0.59	0.47	0.92	-0.01	0.47		0.3	0.92	0.95	0.75	0.38	0.95	0.93	0.27	0.85	0.64	0.26	-0.58	-0.57
Common Stock Shares Outstanding	0.2	-0.21	-0.46	0.14	0.45	0.29	-0.35	0.68	0.64	0.02	0.8	0.64	0.3		-0.01	0.28	0.59	0.5	0.05	0.44	-0.05	-0.04	-0.21	-0.02	0.26	0.26
Non Current Liabilities Total	0.89	0.77	0.66	0.52	0.59	0.34	0.73	0.35	0.27	0.91	-0.28	0.27	0.92	-0.01		0.86	0.52	0.15	0.97	0.79	0.24	0.85	0.77	0.24	-0.6	-0.6
Inventory	0.97	0.6	0.6	0.67	0.85	0.64	0.5	0.65	0.58	0.89	0.02	0.58	0.95	0.28	0.86		0.82	0.49	0.93	0.97	0.32	0.86	0.59	0.38	-0.61	-0.61
Other Current Assets	0.77	0.17	0.24	0.48	0.9	0.74	0.02	0.78	0.76	0.62	0.52	0.76	0.75	0.59	0.52	0.82		0.78	0.62	0.91	0.11	0.6	0.18	0.2	-0.3	-0.3
Other Stockholder Equity	0.44	0.0	0.18	0.42	0.68	0.71	-0.16	0.46	0.83	0.28	0.55	0.83	0.38	0.5	0.15	0.49	0.78		0.26	0.62	0.17	0.39	0.02	0.29	-0.39	-0.39
Total Liab	0.96	0.77	0.69	0.64	0.72	0.49	0.71	0.46	0.39	0.97	-0.22	0.39	0.95	0.05	0.97	0.93	0.62	0.26		0.87	0.37	0.88	0.77	0.37	-0.67	-0.66
Total Current Assets	0.95	0.48	0.47	0.62	0.91	0.69	0.35	0.75	0.71	0.84	0.22	0.71	0.93	0.44	0.79	0.97	0.91	0.62	0.87		0.27	0.77	0.48	0.33	-0.53	-0.52
Short Term Debt	0.38	0.69	0.31	0.89	0.32	0.52	0.63	0.14	0.41	0.43	-0.34	0.41	0.27	-0.05	0.24	0.32	0.11	0.17	0.37	0.27		0.38	0.7	0.94	-0.64	-0.64
Accounts Payable	0.85	0.77	0.71	0.69	0.65	0.52	0.72	0.24	0.36	0.85	-0.3	0.36	0.85	-0.04	0.85	0.86	0.6	0.39	0.88	0.77	0.38		0.77	0.39	-0.79	-0.79
Intangible Assets	0.66	1.0	0.63	0.79	0.34	0.33	0.98	0.02	0.22	0.74	-0.58	0.22	0.64	-0.21	0.77	0.59	0.18	0.02	0.77	0.48	0.7	0.77		0.65	-0.78	-0.79
Property Plant And Equipment Gross	0.39	0.65	0.36	0.89	0.34	0.63	0.56	0.21	0.55	0.4	-0.24	0.55	0.26	-0.02	0.24	0.38	0.2	0.29	0.37	0.33	0.94	0.39	0.65		-0.63	-0.64
Common Stock Total Equity	-0.65	-0.79	-0.77	-0.75	-0.48	-0.45	-0.74	-0.01	-0.34	-0.69	0.5	-0.34	-0.58	0.26	-0.6	-0.61	-0.3	-0.39	-0.67	-0.53	-0.64	-0.79	-0.78	-0.63		1.0
Common Stock	-0.64	-0.79	-0.77	-0.76	-0.48	-0.46	-0.74	0.0	-0.34	-0.69	0.5	-0.34	-0.57	0.26	-0.6	-0.61	-0.3	-0.39	-0.66	-0.52	-0.64	-0.79	-0.79	-0.64	1.0

Click cells to compare fundamentals

Timken Account Relationship Matchups

Timken fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.9B	5.0B	5.2B	5.8B	6.5B	3.5B
Short Long Term Debt Total	1.8B	1.7B	1.5B	2.0B	2.5B	2.6B
Other Current Liab	172.3M	295.4M	360.4M	429.8M	407.3M	246.5M
Total Current Liabilities	736.6M	848M	896.6M	1.0B	1.5B	1.5B
Total Stockholder Equity	1.9B	2.2B	2.3B	2.3B	2.6B	1.5B
Property Plant And Equipment Net	1.1B	1.2B	1.2B	1.3B	1.4B	1.3B
Net Debt	1.6B	1.3B	1.3B	1.7B	2.1B	2.2B
Retained Earnings	1.9B	1.3B	1.6B	1.9B	2.2B	1.3B
Cash	209.5M	320.3M	257.1M	331.6M	418.9M	439.8M
Non Current Assets Total	3.0B	3.0B	3.0B	3.3B	3.9B	2.0B
Non Currrent Assets Other	89.8M	96.5M	91.5M	23.2M	28.2M	26.8M
Cash And Short Term Investments	209.5M	320.3M	257.1M	331.6M	418.9M	439.8M
Net Receivables	674.3M	692M	730.9M	803.5M	816.2M	495.6M
Common Stock Shares Outstanding	76.9M	76.4M	77.0M	74.3M	72.1M	81.4M
Liabilities And Stockholders Equity	4.9B	5.0B	5.2B	5.8B	6.5B	3.5B
Non Current Liabilities Total	2.2B	2.0B	1.9B	2.4B	2.4B	1.3B
Inventory	842M	841.3M	1.0B	1.2B	1.2B	703.4M
Other Current Assets	142.1M	146.7M	182.8M	177.6M	170.7M	102.1M
Other Stockholder Equity	(42.2M)	731.4M	660.8M	477.4M	456.4M	461.5M
Total Liab	2.9B	2.8B	2.8B	3.4B	3.8B	2.0B
Total Current Assets	1.9B	2.0B	2.2B	2.5B	2.6B	1.5B
Short Term Debt	110.3M	185.1M	80M	73.1M	631.5M	663.1M
Accounts Payable	301.7M	351.4M	430M	403.9M	367.2M	313.1M
Intangible Assets	758.5M	741.4M	668.8M	765.3M	1.0B	1.1B
Property Plant And Equipment Gross	1.1B	1.0B	1.2B	1.3B	3.3B	3.4B
Accumulated Other Comprehensive Income	(50.1M)	41.3M	(23M)	(181.9M)	(146.9M)	(154.2M)
Other Liab	449.1M	459M	407.7M	427.7M	384.9M	605.7M
Other Assets	127.3M	476M	91.5M	96M	1.0	0.95
Long Term Debt	1.6B	1.4B	1.4B	1.9B	1.8B	1.9B
Good Will	993.7M	1.0B	1.0B	1.1B	1.4B	1.3B
Treasury Stock	(960.3M)	(979.8M)	(9.3M)	(126.1M)	(113.5M)	(119.2M)
Property Plant Equipment	989.2M	1.2B	1.2B	1.3B	1.2B	1.0B
Current Deferred Revenue	152.3M	151.8M	222.2M	54.3M	45.4M	43.1M
Short Term Investments	25.8M	37.6M	56.9M	39.2M	31.6M	25.5M
Net Tangible Assets	116M	2.2B	603.4M	2.3B	2.0B	1.3B
Noncontrolling Interest In Consolidated Entity	86.6M	72.3M	82.8M	84.6M	97.3M	102.2M
Retained Earnings Total Equity	1.9B	1.3B	1.6B	1.9B	1.7B	1.4B
Long Term Debt Total	1.6B	1.4B	1.4B	1.9B	2.2B	2.3B
Capital Surpluse	937.6M	740.7M	786.9M	829.6M	746.6M	702.8M
Deferred Long Term Liab	168.2M	148.7M	121.4M	139.8M	160.8M	81.0M

Pair Trading with Timken

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Timken position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Timken will appreciate offsetting losses from the drop in the long position's value.

Moving together with Timken Stock

0.81

EML

Eastern

Pair Corr

Moving against Timken Stock

0.73	G	Genpact Limited	Pair Corr
0.64	KMT	Kennametal	Pair Corr
0.59	RBC	RBC Bearings	Pair Corr
0.42	SNA	Snap On	Pair Corr
0.35	MKTAY	Makita Corp	Pair Corr

The ability to find closely correlated positions to Timken could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Timken when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Timken - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Timken Company to buy it.

The correlation of Timken is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Timken moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Timken Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Timken can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Timken Stock Analysis

When running Timken's price analysis, check to measure Timken's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Timken is operating at the current time. Most of Timken's value examination focuses on studying past and present price action to predict the probability of Timken's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Timken's price. Additionally, you may evaluate how the addition of Timken to your portfolios can decrease your overall portfolio volatility.

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