Vestis Short Term Debt vs Total Assets Analysis

VSTS Stock

16.02 0.40 2.56%

Vestis financial indicator trend analysis is much more than just breaking down Vestis prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vestis is a good investment. Please check the relationship between Vestis Short Term Debt and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vestis. 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 Vestis Stock please use our How to Invest in Vestis guide.

Short Term Debt vs Total Assets

Short Term Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vestis Short Term Debt account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Vestis' Short Term Debt and Total Assets is -0.32. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Vestis, assuming nothing else is changed. The correlation between historical values of Vestis' Short Term Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Vestis are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Term Debt i.e., Vestis' Short Term Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

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Short Term Debt

Total Assets

Total assets refers to the total amount of Vestis assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Vestis books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Vestis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vestis 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 Vestis. 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 Vestis Stock please use our How to Invest in Vestis guide.At this time, Vestis' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 8.14 in 2024, whereas Tax Provision is likely to drop slightly above 37.1 M in 2024.

	2022	2023	2024 (projected)
Interest Expense	10K	126.6M	132.9M
Depreciation And Amortization	136.5M	140.8M	150.1M

Interest Expense Depreciation And Amortization

Vestis fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Common Stock Shares Outstanding		-0.98	-0.06	0.33	0.66	-0.42	0.47	-0.55	0.96	-0.06	0.5	-0.49	-0.98	0.69	0.44	-0.49	-0.43	-0.99	0.33	0.43	-0.74	0.75	-0.43	0.35	0.54	0.47
Total Assets	-0.98		0.13	-0.46	-0.79	0.5	-0.62	0.61	-0.95	0.12	-0.63	0.58	0.96	-0.78	-0.58	0.58	0.6	0.96	-0.39	-0.58	0.86	-0.87	0.5	-0.41	-0.7	-0.62
Short Long Term Debt Total	-0.06	0.13		-0.58	0.05	-0.63	0.19	-0.58	-0.27	1.0	-0.08	-0.11	-0.03	0.34	0.26	-0.11	0.43	0.04	0.73	0.27	0.09	-0.06	-0.63	0.71	0.02	0.22
Other Current Liab	0.33	-0.46	-0.58		0.48	-0.13	0.55	-0.16	0.52	-0.58	0.18	0.07	-0.2	0.34	0.47	0.07	-0.95	-0.23	0.02	0.48	-0.67	0.63	-0.14	0.04	0.64	0.46
Total Current Liabilities	0.66	-0.79	0.05	0.48		-0.78	0.94	-0.82	0.59	0.06	0.85	-0.77	-0.69	0.94	0.93	-0.77	-0.72	-0.63	0.69	0.92	-0.96	0.97	-0.78	0.72	0.96	0.96
Total Stockholder Equity	-0.42	0.5	-0.63	-0.13	-0.78		-0.87	0.99	-0.27	-0.64	-0.51	0.54	0.48	-0.92	-0.9	0.54	0.38	0.4	-0.99	-0.91	0.7	-0.72	1.0	-0.99	-0.78	-0.88
Other Liab	0.47	-0.62	0.19	0.55	0.94	-0.87		-0.87	0.42	0.19	0.67	-0.57	-0.48	0.92	1.0	-0.57	-0.76	-0.42	0.8	1.0	-0.91	0.92	-0.87	0.82	0.98	0.99
Net Tangible Assets	-0.55	0.61	-0.58	-0.16	-0.82	0.99	-0.87		-0.41	-0.59	-0.55	0.58	0.6	-0.96	-0.9	0.58	0.41	0.53	-0.97	-0.9	0.76	-0.78	0.99	-0.97	-0.8	-0.88
Property Plant And Equipment Net	0.96	-0.95	-0.27	0.52	0.59	-0.27	0.42	-0.41		-0.27	0.39	-0.32	-0.9	0.58	0.37	-0.32	-0.56	-0.93	0.16	0.36	-0.73	0.72	-0.28	0.19	0.52	0.39
Net Debt	-0.06	0.12	1.0	-0.58	0.06	-0.64	0.19	-0.59	-0.27		-0.07	-0.13	-0.04	0.35	0.27	-0.13	0.43	0.04	0.74	0.28	0.08	-0.05	-0.64	0.72	0.02	0.23
Accounts Payable	0.5	-0.63	-0.08	0.18	0.85	-0.51	0.67	-0.55	0.39	-0.07		-0.96	-0.59	0.69	0.67	-0.96	-0.45	-0.53	0.43	0.66	-0.72	0.75	-0.51	0.46	0.72	0.75
Cash	-0.49	0.58	-0.11	0.07	-0.77	0.54	-0.57	0.58	-0.32	-0.13	-0.96		0.62	-0.67	-0.59	1.0	0.22	0.55	-0.49	-0.58	0.6	-0.64	0.53	-0.51	-0.6	-0.67
Non Current Assets Total	-0.98	0.96	-0.03	-0.2	-0.69	0.48	-0.48	0.6	-0.9	-0.04	-0.59	0.62		-0.73	-0.46	0.62	0.35	0.99	-0.4	-0.45	0.72	-0.74	0.48	-0.42	-0.54	-0.5
Non Currrent Assets Other	0.69	-0.78	0.34	0.34	0.94	-0.92	0.92	-0.96	0.58	0.35	0.69	-0.67	-0.73		0.93	-0.67	-0.58	-0.67	0.86	0.93	-0.9	0.91	-0.93	0.88	0.9	0.94
Other Assets	0.44	-0.58	0.26	0.47	0.93	-0.9	1.0	-0.9	0.37	0.27	0.67	-0.59	-0.46	0.93		-0.59	-0.7	-0.39	0.85	1.0	-0.88	0.89	-0.91	0.86	0.96	0.99
Cash And Short Term Investments	-0.49	0.58	-0.11	0.07	-0.77	0.54	-0.57	0.58	-0.32	-0.13	-0.96	1.0	0.62	-0.67	-0.59		0.22	0.55	-0.49	-0.58	0.6	-0.64	0.53	-0.51	-0.6	-0.67
Net Receivables	-0.43	0.6	0.43	-0.95	-0.72	0.38	-0.76	0.41	-0.56	0.43	-0.45	0.22	0.35	-0.58	-0.7	0.22		0.35	-0.26	-0.71	0.85	-0.82	0.38	-0.28	-0.84	-0.7
Good Will	-0.99	0.96	0.04	-0.23	-0.63	0.4	-0.42	0.53	-0.93	0.04	-0.53	0.55	0.99	-0.67	-0.39	0.55	0.35		-0.31	-0.39	0.69	-0.7	0.4	-0.33	-0.49	-0.43
Non Current Liabilities Total	0.33	-0.39	0.73	0.02	0.69	-0.99	0.8	-0.97	0.16	0.74	0.43	-0.49	-0.4	0.86	0.85	-0.49	-0.26	-0.31		0.85	-0.59	0.61	-0.99	1.0	0.69	0.82
Capital Lease Obligations	0.43	-0.58	0.27	0.48	0.92	-0.91	1.0	-0.9	0.36	0.28	0.66	-0.58	-0.45	0.93	1.0	-0.58	-0.71	-0.39	0.85		-0.88	0.88	-0.91	0.86	0.96	0.99
Inventory	-0.74	0.86	0.09	-0.67	-0.96	0.7	-0.91	0.76	-0.73	0.08	-0.72	0.6	0.72	-0.9	-0.88	0.6	0.85	0.69	-0.59	-0.88		-1.0	0.7	-0.62	-0.96	-0.9
Other Current Assets	0.75	-0.87	-0.06	0.63	0.97	-0.72	0.92	-0.78	0.72	-0.05	0.75	-0.64	-0.74	0.91	0.89	-0.64	-0.82	-0.7	0.61	0.88	-1.0		-0.72	0.64	0.96	0.91
Other Stockholder Equity	-0.43	0.5	-0.63	-0.14	-0.78	1.0	-0.87	0.99	-0.28	-0.64	-0.51	0.53	0.48	-0.93	-0.91	0.53	0.38	0.4	-0.99	-0.91	0.7	-0.72		-0.99	-0.78	-0.88
Total Liab	0.35	-0.41	0.71	0.04	0.72	-0.99	0.82	-0.97	0.19	0.72	0.46	-0.51	-0.42	0.88	0.86	-0.51	-0.28	-0.33	1.0	0.86	-0.62	0.64	-0.99		0.71	0.84
Net Invested Capital	0.54	-0.7	0.02	0.64	0.96	-0.78	0.98	-0.8	0.52	0.02	0.72	-0.6	-0.54	0.9	0.96	-0.6	-0.84	-0.49	0.69	0.96	-0.96	0.96	-0.78	0.71		0.97
Property Plant And Equipment Gross	0.47	-0.62	0.22	0.46	0.96	-0.88	0.99	-0.88	0.39	0.23	0.75	-0.67	-0.5	0.94	0.99	-0.67	-0.7	-0.43	0.82	0.99	-0.9	0.91	-0.88	0.84	0.97

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Vestis Short Term Debt vs Total Assets Analysis

Short Term Debt vs Total Assets

Short Term Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Short Term Debt

Total Assets

Vestis fundamental ratios Correlations

Vestis Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Vestis Stock Analysis

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Net Debt	+ 1.0	Short Long Term Debt Total
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Other Assets	+ 1.0	Other Liab
Capital Lease Obligations	+ 1.0	Other Liab
Cash And Short Term Investments	+ 1.0	Cash
Capital Lease Obligations	+ 1.0	Other Assets

Other Current Assets	- 1.0	Inventory
Total Liab	- 0.99	Other Stockholder Equity
Other Stockholder Equity	- 0.99	Non Current Liabilities Total
Total Liab	- 0.99	Total Stockholder Equity
Non Current Liabilities Total	- 0.99	Total Stockholder Equity
Good Will	- 0.99	Common Stock Shares Outstanding