United Total Liab vs Net Debt Analysis

UFCS Stock

USD 30.02 0.45 1.48%

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

Total Liab vs Net Debt

Total Liab vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Fire Group Total Liab account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between United Fire's Total Liab and Net Debt is -0.55. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Debt in the same time period over historical financial statements of United Fire Group, assuming nothing else is changed. The correlation between historical values of United Fire's Total Liab 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 Total Liab of United Fire Group 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 Total Liab i.e., United Fire's Total Liab and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.55

Relationship Direction	Negative
Relationship Strength	Very Weak

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Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

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

Discontinued Operations is likely to gain to about 30.7 M in 2024, despite the fact that Tax Provision is likely to grow to (11.4 M).

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	980.3M	1.1B	634.4M
Total Revenue	1.1B	980.3M	1.1B	635.1M

Gross Profit Total Revenue

United Fire fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Cash	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Short Term Investments	Other Current Assets	Common Stock	Other Current Liab	Other Liab
Total Assets		0.09	0.87	-0.85	0.67	0.64	0.84	0.67	0.89	0.67	-0.02	-0.23	-0.58	0.42	-0.04	0.38	0.41	0.63	0.53	0.61	-0.84	-0.83	-0.4	-0.84	0.1	-0.09
Short Long Term Debt Total	0.09		0.13	0.17	0.18	-0.36	0.35	-0.21	0.3	-0.19	0.66	0.46	0.35	0.43	0.66	0.7	0.17	0.54	0.54	0.0	-0.39	-0.38	-0.37	-0.39	0.48	0.34
Total Stockholder Equity	0.87	0.13		-0.72	0.93	0.36	0.85	0.28	0.91	0.33	0.3	0.01	-0.31	0.68	0.25	0.67	0.12	0.57	0.46	0.4	-0.87	-0.88	-0.2	-0.87	0.45	0.13
Net Debt	-0.85	0.17	-0.72		-0.52	-0.65	-0.69	-0.63	-0.7	-0.55	0.22	0.31	0.63	-0.19	0.24	-0.14	-0.5	-0.65	-0.6	-0.72	0.66	0.64	0.18	0.66	0.11	0.15
Retained Earnings	0.67	0.18	0.93	-0.52		0.11	0.76	0.0	0.83	0.15	0.49	0.17	-0.09	0.73	0.44	0.78	-0.09	0.45	0.33	0.2	-0.8	-0.81	-0.2	-0.8	0.62	0.35
Other Assets	0.64	-0.36	0.36	-0.65	0.11		0.24	0.65	0.42	0.7	-0.66	-0.88	-0.98	-0.33	-0.7	-0.31	0.52	0.12	0.08	0.55	-0.22	-0.19	-0.06	-0.22	-0.5	-0.54
Common Stock Shares Outstanding	0.84	0.35	0.85	-0.69	0.76	0.24		0.39	0.85	0.45	0.41	0.2	-0.2	0.7	0.4	0.67	0.31	0.8	0.71	0.53	-0.99	-0.99	-0.58	-0.99	0.4	0.26
Non Current Liabilities Total	0.67	-0.21	0.28	-0.63	0.0	0.65	0.39		0.35	0.9	-0.51	-0.35	-0.57	-0.13	-0.45	-0.28	0.5	0.31	0.29	0.59	-0.34	-0.32	-0.42	-0.34	-0.43	-0.32
Other Stockholder Equity	0.89	0.3	0.91	-0.7	0.83	0.42	0.85	0.35		0.44	0.22	-0.08	-0.42	0.53	0.18	0.64	0.33	0.6	0.49	0.49	-0.88	-0.87	-0.39	-0.88	0.33	0.1
Total Liab	0.67	-0.19	0.33	-0.55	0.15	0.7	0.45	0.9	0.44		-0.44	-0.44	-0.63	-0.14	-0.4	-0.2	0.46	0.22	0.17	0.57	-0.4	-0.38	-0.56	-0.4	-0.34	-0.23
Property Plant And Equipment Net	-0.02	0.66	0.3	0.22	0.49	-0.66	0.41	-0.51	0.22	-0.44		0.79	0.69	0.82	0.99	0.86	-0.43	0.4	0.37	-0.36	-0.46	-0.48	-0.32	-0.46	0.85	0.68
Non Current Assets Total	-0.23	0.46	0.01	0.31	0.17	-0.88	0.2	-0.35	-0.08	-0.44	0.79		0.9	0.65	0.84	0.54	-0.4	0.24	0.25	-0.32	-0.22	-0.24	-0.22	-0.22	0.62	0.63
Non Currrent Assets Other	-0.58	0.35	-0.31	0.63	-0.09	-0.98	-0.2	-0.57	-0.42	-0.63	0.69	0.9		0.38	0.73	0.33	-0.55	-0.1	-0.06	-0.55	0.18	0.15	0.03	0.18	0.56	0.52
Net Receivables	0.42	0.43	0.68	-0.19	0.73	-0.33	0.7	-0.13	0.53	-0.14	0.82	0.65	0.38		0.81	0.85	-0.34	0.51	0.44	-0.13	-0.75	-0.77	-0.31	-0.75	0.77	0.53
Property Plant And Equipment Gross	-0.04	0.66	0.25	0.24	0.44	-0.7	0.4	-0.45	0.18	-0.4	0.99	0.84	0.73	0.81		0.82	-0.43	0.4	0.38	-0.35	-0.44	-0.47	-0.37	-0.44	0.82	0.7
Total Current Assets	0.38	0.7	0.67	-0.14	0.78	-0.31	0.67	-0.28	0.64	-0.2	0.86	0.54	0.33	0.85	0.82		-0.13	0.58	0.51	-0.01	-0.72	-0.74	-0.29	-0.72	0.84	0.53
Intangible Assets	0.41	0.17	0.12	-0.5	-0.09	0.52	0.31	0.5	0.33	0.46	-0.43	-0.4	-0.55	-0.34	-0.43	-0.13		0.45	0.46	0.91	-0.25	-0.21	-0.12	-0.25	-0.42	-0.36
Cash	0.63	0.54	0.57	-0.65	0.45	0.12	0.8	0.31	0.6	0.22	0.4	0.24	-0.1	0.51	0.4	0.58	0.45		0.99	0.53	-0.78	-0.77	-0.49	-0.78	0.27	0.24
Cash And Short Term Investments	0.53	0.54	0.46	-0.6	0.33	0.08	0.71	0.29	0.49	0.17	0.37	0.25	-0.06	0.44	0.38	0.51	0.46	0.99		0.51	-0.69	-0.68	-0.46	-0.69	0.22	0.23
Good Will	0.61	0.0	0.4	-0.72	0.2	0.55	0.53	0.59	0.49	0.57	-0.36	-0.32	-0.55	-0.13	-0.35	-0.01	0.91	0.53	0.51		-0.46	-0.42	-0.16	-0.46	-0.28	-0.25
Common Stock Total Equity	-0.84	-0.39	-0.87	0.66	-0.8	-0.22	-0.99	-0.34	-0.88	-0.4	-0.46	-0.22	0.18	-0.75	-0.44	-0.72	-0.25	-0.78	-0.69	-0.46		1.0	0.58	1.0	-0.43	-0.3
Short Term Investments	-0.83	-0.38	-0.88	0.64	-0.81	-0.19	-0.99	-0.32	-0.87	-0.38	-0.48	-0.24	0.15	-0.77	-0.47	-0.74	-0.21	-0.77	-0.68	-0.42	1.0		0.57	1.0	-0.45	-0.33
Other Current Assets	-0.4	-0.37	-0.2	0.18	-0.2	-0.06	-0.58	-0.42	-0.39	-0.56	-0.32	-0.22	0.03	-0.31	-0.37	-0.29	-0.12	-0.49	-0.46	-0.16	0.58	0.57		0.58	-0.07	-0.41
Common Stock	-0.84	-0.39	-0.87	0.66	-0.8	-0.22	-0.99	-0.34	-0.88	-0.4	-0.46	-0.22	0.18	-0.75	-0.44	-0.72	-0.25	-0.78	-0.69	-0.46	1.0	1.0	0.58		-0.43	-0.3
Other Current Liab	0.1	0.48	0.45	0.11	0.62	-0.5	0.4	-0.43	0.33	-0.34	0.85	0.62	0.56	0.77	0.82	0.84	-0.42	0.27	0.22	-0.28	-0.43	-0.45	-0.07	-0.43		0.33
Other Liab	-0.09	0.34	0.13	0.15	0.35	-0.54	0.26	-0.32	0.1	-0.23	0.68	0.63	0.52	0.53	0.7	0.53	-0.36	0.24	0.23	-0.25	-0.3	-0.33	-0.41	-0.3	0.33

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United Fire Account Relationship Matchups

United Fire fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	3.1B	3.0B	2.9B	3.1B	2.3B
Total Stockholder Equity	910.5M	825.1M	879.1M	740.1M	733.7M	531.5M
Net Debt	(104.9M)	(37.9M)	(82.1M)	(46.7M)	(52.0M)	(54.6M)
Retained Earnings	697.1M	555.9M	621.4M	620.6M	574.7M	345.6M
Other Assets	269.6M	268.6M	326.2M	2.1B	(1.3B)	(1.3B)
Common Stock Shares Outstanding	25.6M	25.0M	25.1M	25.3M	25.2M	25.9M
Liabilities And Stockholders Equity	3.0B	3.1B	3.0B	2.9B	3.1B	2.3B
Non Current Liabilities Total	20.6M	74.9M	76.8M	50M	2.4B	1.8B
Other Stockholder Equity	200.2M	202.4M	203.4M	207.0M	210.0M	108.6M
Total Liab	20.6M	74.9M	76.8M	2.1B	2.4B	1.6B
Property Plant And Equipment Net	117.0M	129.9M	137.7M	133.1M	134.2M	141.0M
Non Current Assets Total	2.2B	2.2B	2.1B	154.0M	3.9B	4.1B
Non Currrent Assets Other	(72.6M)	(66.8M)	(55.1M)	(1.7B)	1.9B	2.0B
Net Receivables	449.2M	544.0M	477.0M	365.7M	464.8M	488.0M
Property Plant And Equipment Gross	69.0M	97.2M	117.0M	129.9M	149.4M	156.8M
Total Current Assets	570.1M	632.1M	609.3M	580.1M	594.6M	427.2M
Intangible Assets	7.5M	6.7M	6.0M	5.3M	4.6M	6.7M
Cash	120.7M	87.9M	132.1M	96.7M	102.0M	132.1M
Cash And Short Term Investments	120.9M	88.1M	132.4M	96.9M	102.1M	138.0M
Other Current Assets	569.5M	518.7M	558.7M	11.3M	27.7M	26.3M
Accumulated Other Comprehensive Income	13.2M	66.9M	54.3M	(87.5M)	(51.0M)	(48.4M)
Other Current Liab	1.5B	1.5B	1.5B	1.5B	1.6B	1.1B
Other Liab	938.4M	666.4M	619.3M	981.9M	1.1B	1.2B
Property Plant Equipment	117.0M	129.9M	137.7M	159.6M	183.5M	192.7M
Total Current Liabilities	1.5B	1.6B	1.5B	1.5B	1.6B	1.3B
Net Tangible Assets	887.9M	818.4M	879.1M	734.8M	845.0M	900.0M
Accounts Payable	155.5M	126.6M	1.5B	515.3M	592.6M	332.7M
Retained Earnings Total Equity	715.5M	697.1M	555.9M	621.4M	714.6M	623.9M
Capital Surpluse	203.4M	200.2M	202.4M	203.4M	183.0M	164.8M
Inventory	(569.5M)	(518.7M)	(558.7M)	(629.1M)	(566.8M)	(538.5M)
Long Term Investments	2.2B	2.2B	2.1B	1.7B	1.7B	2.0B
Non Current Liabilities Other	1.8B	1.9B	2.0B	2.0B	1.8B	2.0B

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