Unity Capital Expenditures vs Free Cash Flow Analysis

UNTY Stock

USD 47.09 1.28 2.79%

Unity Bancorp financial indicator trend analysis is much more than just breaking down Unity Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Unity Bancorp is a good investment. Please check the relationship between Unity Bancorp Capital Expenditures and its Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unity Bancorp. 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.

For more information on how to buy Unity Stock please use our How to Invest in Unity Bancorp guide.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Unity Bancorp Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Unity Bancorp's Capital Expenditures and Free Cash Flow is -0.48. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Unity Bancorp, assuming nothing else is changed. The correlation between historical values of Unity Bancorp's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Unity Bancorp are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Unity Bancorp's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

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Capital Expenditures

Capital Expenditures are funds used by Unity Bancorp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Unity Bancorp operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Unity Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Unity Bancorp 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 Unity Bancorp. 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.

For more information on how to buy Unity Stock please use our How to Invest in Unity Bancorp guide.At this time, Unity Bancorp's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.40 in 2024, whereas Tax Provision is likely to drop slightly above 9.8 M in 2024.

	2022	2023	2024 (projected)
Interest Expense	10.6M	48.5M	50.9M
Depreciation And Amortization	1.4M	2.4M	1.3M

Interest Expense Depreciation And Amortization

Unity Bancorp 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock Total Equity	Common Stock	Other Liab	Long Term Debt	Short Term Investments
Total Assets		0.83	0.71	-0.64	0.99	0.64	0.56	0.95	0.58	-0.46	0.63	0.64	0.32	0.6	0.98	0.69	0.65	-0.67	1.0	0.94	0.09	0.78	0.78	-0.08	0.8	0.16
Short Long Term Debt Total	0.83		0.64	-0.53	0.79	0.59	0.78	0.75	0.62	-0.51	0.57	0.58	0.21	0.57	0.81	0.6	0.62	-0.47	0.84	0.69	0.1	0.65	0.64	-0.26	0.75	0.21
Other Current Liab	0.71	0.64		-0.94	0.75	0.13	0.06	0.83	0.96	-0.17	0.96	0.96	-0.4	0.51	0.77	0.1	0.95	-0.64	0.7	0.62	-0.07	0.28	0.21	-0.41	0.82	0.22
Total Current Liabilities	-0.64	-0.53	-0.94		-0.68	-0.19	0.07	-0.75	-0.93	0.1	-0.99	-0.99	0.5	-0.45	-0.67	-0.12	-0.99	0.61	-0.64	-0.56	0.06	-0.28	-0.22	0.33	-0.66	-0.1
Total Stockholder Equity	0.99	0.79	0.75	-0.68		0.57	0.48	0.97	0.62	-0.42	0.66	0.68	0.26	0.56	0.98	0.61	0.68	-0.66	0.98	0.95	0.06	0.75	0.74	-0.11	0.81	0.18
Property Plant And Equipment Net	0.64	0.59	0.13	-0.19	0.57		0.69	0.42	0.09	-0.57	0.15	0.17	0.53	0.34	0.51	0.89	0.22	-0.34	0.65	0.6	0.31	0.93	0.93	0.18	0.29	0.0
Net Debt	0.56	0.78	0.06	0.07	0.48	0.69		0.38	0.03	-0.48	-0.04	-0.02	0.65	0.42	0.49	0.69	0.03	-0.24	0.56	0.45	0.2	0.69	0.72	0.0	0.4	0.12
Retained Earnings	0.95	0.75	0.83	-0.75	0.97	0.42	0.38		0.71	-0.27	0.74	0.76	0.12	0.57	0.98	0.43	0.75	-0.71	0.94	0.92	0.0	0.63	0.6	-0.21	0.86	0.15
Accounts Payable	0.58	0.62	0.96	-0.93	0.62	0.09	0.03	0.71		-0.15	0.97	0.96	-0.55	0.46	0.63	0.02	0.96	-0.52	0.58	0.5	-0.08	0.17	0.1	-0.52	0.72	0.22
Cash	-0.46	-0.51	-0.17	0.1	-0.42	-0.57	-0.48	-0.27	-0.15		-0.12	-0.11	-0.37	-0.09	-0.41	-0.71	-0.14	-0.11	-0.46	-0.35	-0.24	-0.57	-0.58	-0.05	-0.26	-0.53
Non Current Assets Total	0.63	0.57	0.96	-0.99	0.66	0.15	-0.04	0.74	0.97	-0.12		1.0	-0.54	0.46	0.66	0.08	0.99	-0.58	0.62	0.54	-0.07	0.23	0.16	-0.41	0.68	0.15
Non Currrent Assets Other	0.64	0.58	0.96	-0.99	0.68	0.17	-0.02	0.76	0.96	-0.11	1.0		-0.51	0.44	0.67	0.09	1.0	-0.59	0.64	0.55	-0.05	0.26	0.2	-0.39	0.69	0.09
Other Assets	0.32	0.21	-0.4	0.5	0.26	0.53	0.65	0.12	-0.55	-0.37	-0.54	-0.51		0.04	0.25	0.65	-0.49	0.01	0.33	0.36	0.27	0.58	0.65	0.46	0.02	-0.04
Cash And Short Term Investments	0.6	0.57	0.51	-0.45	0.56	0.34	0.42	0.57	0.46	-0.09	0.46	0.44	0.04		0.56	0.41	0.47	-0.8	0.6	0.59	-0.06	0.36	0.34	-0.21	0.53	0.27
Net Receivables	0.98	0.81	0.77	-0.67	0.98	0.51	0.49	0.98	0.63	-0.41	0.66	0.67	0.25	0.56		0.56	0.67	-0.67	0.98	0.92	0.02	0.71	0.69	-0.15	0.88	0.2
Common Stock Shares Outstanding	0.69	0.6	0.1	-0.12	0.61	0.89	0.69	0.43	0.02	-0.71	0.08	0.09	0.65	0.41	0.56		0.15	-0.27	0.7	0.61	0.26	0.85	0.88	0.28	0.27	0.2
Non Current Liabilities Total	0.65	0.62	0.95	-0.99	0.68	0.22	0.03	0.75	0.96	-0.14	0.99	1.0	-0.49	0.47	0.67	0.15		-0.59	0.65	0.54	-0.04	0.28	0.22	-0.37	0.68	0.1
Other Stockholder Equity	-0.67	-0.47	-0.64	0.61	-0.66	-0.34	-0.24	-0.71	-0.52	-0.11	-0.58	-0.59	0.01	-0.8	-0.67	-0.27	-0.59		-0.67	-0.67	0.11	-0.42	-0.39	0.26	-0.7	0.11
Total Liab	1.0	0.84	0.7	-0.64	0.98	0.65	0.56	0.94	0.58	-0.46	0.62	0.64	0.33	0.6	0.98	0.7	0.65	-0.67		0.94	0.09	0.79	0.78	-0.08	0.8	0.16
Property Plant And Equipment Gross	0.94	0.69	0.62	-0.56	0.95	0.6	0.45	0.92	0.5	-0.35	0.54	0.55	0.36	0.59	0.92	0.61	0.54	-0.67	0.94		0.04	0.75	0.75	-0.12	0.73	0.16
Total Current Assets	0.09	0.1	-0.07	0.06	0.06	0.31	0.2	0.0	-0.08	-0.24	-0.07	-0.05	0.27	-0.06	0.02	0.26	-0.04	0.11	0.09	0.04		0.21	0.23	0.62	-0.15	-0.2
Common Stock Total Equity	0.78	0.65	0.28	-0.28	0.75	0.93	0.69	0.63	0.17	-0.57	0.23	0.26	0.58	0.36	0.71	0.85	0.28	-0.42	0.79	0.75	0.21		0.99	0.15	0.47	0.11
Common Stock	0.78	0.64	0.21	-0.22	0.74	0.93	0.72	0.6	0.1	-0.58	0.16	0.2	0.65	0.34	0.69	0.88	0.22	-0.39	0.78	0.75	0.23	0.99		0.19	0.44	0.07
Other Liab	-0.08	-0.26	-0.41	0.33	-0.11	0.18	0.0	-0.21	-0.52	-0.05	-0.41	-0.39	0.46	-0.21	-0.15	0.28	-0.37	0.26	-0.08	-0.12	0.62	0.15	0.19		-0.44	-0.18
Long Term Debt	0.8	0.75	0.82	-0.66	0.81	0.29	0.4	0.86	0.72	-0.26	0.68	0.69	0.02	0.53	0.88	0.27	0.68	-0.7	0.8	0.73	-0.15	0.47	0.44	-0.44		0.22
Short Term Investments	0.16	0.21	0.22	-0.1	0.18	0.0	0.12	0.15	0.22	-0.53	0.15	0.09	-0.04	0.27	0.2	0.2	0.1	0.11	0.16	0.16	-0.2	0.11	0.07	-0.18	0.22

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Unity Bancorp Account Relationship Matchups

Unity Bancorp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.9B	2.0B	2.4B	2.6B	2.7B
Short Long Term Debt Total	293.3M	250.3M	50.3M	393.3M	366.7M	385.1M
Other Current Liab	(455K)	160.0M	423K	342.4M	1.3B	1.3B
Total Current Liabilities	455K	283K	129K	691K	(1.9M)	(1.8M)
Total Stockholder Equity	160.7M	169.2M	205.7M	239.2M	261.4M	274.5M
Property Plant And Equipment Net	21.3M	20.5M	19.9M	20.0M	24.8M	14.9M
Net Debt	272.2M	228.7M	24.3M	373.6M	172.0M	87.7M
Retained Earnings	70.4M	84.2M	123.0M	157.0M	191.1M	200.7M
Accounts Payable	455K	248K	129K	691K	1.9M	2.0M
Cash	21.1M	21.6M	26.1M	19.7M	20.7M	23.6M
Non Current Assets Total	89.4M	72.4M	100.8M	33.9M	2.3B	2.4B
Non Currrent Assets Other	(5.6M)	(9.2M)	(10.0M)	(140.9M)	2.1B	2.2B
Other Assets	1.5B	1.8B	1.8B	2.3B	156.6M	148.8M
Cash And Short Term Investments	85.4M	70.3M	82.5M	115.1M	112.4M	118.1M
Net Receivables	7.0M	10.2M	9.6M	13.4M	13.6M	14.3M
Common Stock Shares Outstanding	11.0M	10.8M	10.5M	10.7M	10.3M	9.2M
Liabilities And Stockholders Equity	1.7B	1.9B	2.0B	2.4B	2.6B	2.7B
Non Current Liabilities Total	293.3M	250.3M	51.7M	691K	2.3B	2.4B
Other Stockholder Equity	15.8M	(7.4M)	(11.6M)	(11.7M)	(27.4M)	(26.0M)
Total Liab	1.6B	1.8B	1.8B	2.2B	2.3B	2.4B
Property Plant And Equipment Gross	24.1M	22.6M	44.0M	45.8M	41.1M	43.2M
Total Current Assets	92.4M	80.5M	92.1M	128.5M	126.0M	115.1M
Accumulated Other Comprehensive Income	154K	(1.3M)	322K	(3.3M)	(2.7M)	(2.6M)
Common Stock Total Equity	90.1M	91.9M	94.0M	97.2M	111.8M	64.8M
Common Stock	90.1M	91.5M	94.0M	97.2M	100.4M	65.8M
Other Liab	4.2M	4.6M	5.4M	642K	738.3K	701.4K
Short Term Investments	64.3M	48.7M	56.5M	95.4M	91.8M	54.8M
Inventory	(168.6M)	(233.4M)	(256.8M)	(128.2M)	7.1M	7.4M
Property Plant Equipment	23.0M	22.6M	19.9M	20.0M	23.0M	16.3M
Other Current Assets	168.6M	233.4M	256.8M	128.2M	208.4M	402.8M
Intangible Assets	2.0M	1.9M	1.0M	691K	881K	1.5M
Net Tangible Assets	159.2M	172.4M	204.2M	237.7M	273.4M	287.0M
Retained Earnings Total Equity	70.4M	90.7M	123.0M	157.0M	180.5M	189.5M
Long Term Investments	1.4B	50.4M	79.3M	140.9M	135.7M	245.3M
Short Term Debt	243.6M	160.6M	681K	343.7M	351.9M	179.1M

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When running Unity Bancorp's price analysis, check to measure Unity Bancorp'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 Unity Bancorp is operating at the current time. Most of Unity Bancorp's value examination focuses on studying past and present price action to predict the probability of Unity Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Bancorp's price. Additionally, you may evaluate how the addition of Unity Bancorp to your portfolios can decrease your overall portfolio volatility.

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Unity Capital Expenditures vs Free Cash Flow Analysis

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Capital Expenditures

Free Cash Flow

Unity Bancorp fundamental ratios Correlations

Unity Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Unity Bancorp fundamental ratios Accounts

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Additional Tools for Unity Stock Analysis

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Total Liab	+ 1.0	Total Assets
Non Currrent Assets Other	+ 1.0	Non Current Assets Total
Non Current Liabilities Total	+ 1.0	Non Currrent Assets Other
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Non Current Assets Total
Common Stock	+ 0.99	Common Stock Total Equity

Non Current Liabilities Total	- 0.99	Total Current Liabilities
Non Currrent Assets Other	- 0.99	Total Current Liabilities
Non Current Assets Total	- 0.99	Total Current Liabilities
Total Current Liabilities	- 0.94	Other Current Liab
Accounts Payable	- 0.93	Total Current Liabilities
Other Stockholder Equity	- 0.8	Cash And Short Term Investments