Watsco Long Term Debt vs Total Assets Analysis

WSO-B Stock

USD 535.00 15.30 2.94%

Watsco financial indicator trend analysis is more than just analyzing Watsco Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Watsco Inc is a good investment. Please check the relationship between Watsco Long Term Debt and its Total Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watsco Inc. 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.

Long Term Debt vs Total Assets

Long Term Debt vs Total Assets Correlation Analysis

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

The correlation between Watsco's Long Term Debt and Total Assets is -0.7. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Watsco Inc, assuming nothing else is changed. The correlation between historical values of Watsco's Long 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 Long Term Debt of Watsco Inc 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 Long Term Debt i.e., Watsco's Long Term Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.7

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that Watsco Inc has held for over one year. Long-term debt appears on Watsco Inc balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Watsco Inc balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Total Assets

Total assets refers to the total amount of Watsco 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 Watsco Inc 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 Watsco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Watsco Inc 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watsco Inc. 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.

At present, Watsco's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.20, whereas Tax Provision is forecasted to decline to about 113.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	996K	2.2M	4.9M	5.4M
Depreciation And Amortization	28.1M	31.7M	35.1M	36.8M

Interest Expense Depreciation And Amortization

Watsco 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	Intangible Assets	Accounts Payable	Common Stock	Good Will	Current Deferred Revenue
Total Assets		0.79	0.84	0.95	0.99	0.92	0.45	0.96	0.9	0.99	-0.28	0.9	0.99	0.51	0.68	0.99	0.94	0.97	0.96	1.0	0.83	0.53	0.96	0.77	0.78	0.53
Short Long Term Debt Total	0.79		0.64	0.73	0.69	0.73	0.88	0.67	0.65	0.8	-0.44	0.65	0.78	0.36	0.96	0.77	0.78	0.67	0.9	0.77	0.66	0.64	0.75	0.6	0.69	0.29
Other Current Liab	0.84	0.64		0.9	0.83	0.87	0.31	0.84	0.81	0.8	-0.41	0.81	0.81	0.15	0.45	0.85	0.77	0.78	0.83	0.85	0.87	0.2	0.89	0.43	0.47	0.15
Total Current Liabilities	0.95	0.73	0.9		0.93	0.92	0.38	0.92	0.86	0.94	-0.46	0.86	0.94	0.41	0.56	0.96	0.88	0.91	0.95	0.96	0.91	0.43	1.0	0.68	0.7	0.41
Total Stockholder Equity	0.99	0.69	0.83	0.93		0.92	0.3	0.98	0.92	0.97	-0.19	0.92	0.97	0.47	0.57	0.98	0.91	0.98	0.9	0.98	0.81	0.44	0.93	0.73	0.73	0.52
Property Plant And Equipment Net	0.92	0.73	0.87	0.92	0.92		0.35	0.91	0.92	0.92	-0.38	0.92	0.87	0.18	0.55	0.9	0.81	0.88	0.88	0.91	0.95	0.27	0.91	0.51	0.54	0.17
Net Debt	0.45	0.88	0.31	0.38	0.3	0.35		0.29	0.2	0.47	-0.42	0.2	0.46	0.32	0.93	0.45	0.49	0.3	0.64	0.43	0.33	0.62	0.41	0.45	0.54	0.2
Retained Earnings	0.96	0.67	0.84	0.92	0.98	0.91	0.29		0.9	0.93	-0.27	0.9	0.96	0.4	0.54	0.97	0.93	0.92	0.88	0.97	0.82	0.34	0.92	0.66	0.64	0.46
Cash	0.9	0.65	0.81	0.86	0.92	0.92	0.2	0.9		0.9	-0.2	1.0	0.86	0.21	0.49	0.86	0.81	0.89	0.82	0.89	0.81	0.31	0.87	0.51	0.54	0.28
Non Current Assets Total	0.99	0.8	0.8	0.94	0.97	0.92	0.47	0.93	0.9		-0.26	0.9	0.97	0.5	0.71	0.97	0.91	0.97	0.95	0.98	0.83	0.56	0.94	0.77	0.79	0.51
Non Currrent Assets Other	-0.28	-0.44	-0.41	-0.46	-0.19	-0.38	-0.42	-0.27	-0.2	-0.26		-0.2	-0.26	0.06	-0.26	-0.32	-0.34	-0.1	-0.44	-0.29	-0.62	-0.06	-0.45	-0.07	-0.12	0.19
Cash And Short Term Investments	0.9	0.65	0.81	0.86	0.92	0.92	0.2	0.9	1.0	0.9	-0.2		0.86	0.21	0.49	0.86	0.81	0.89	0.82	0.89	0.81	0.31	0.87	0.51	0.54	0.28
Net Receivables	0.99	0.78	0.81	0.94	0.97	0.87	0.46	0.96	0.86	0.97	-0.26	0.86		0.58	0.69	0.99	0.96	0.95	0.95	0.99	0.77	0.56	0.95	0.81	0.81	0.6
Common Stock Shares Outstanding	0.51	0.36	0.15	0.41	0.47	0.18	0.32	0.4	0.21	0.5	0.06	0.21	0.58		0.46	0.51	0.53	0.54	0.48	0.51	0.12	0.81	0.44	0.93	0.89	0.95
Non Current Liabilities Total	0.68	0.96	0.45	0.56	0.57	0.55	0.93	0.54	0.49	0.71	-0.26	0.49	0.69	0.46		0.66	0.68	0.58	0.8	0.67	0.44	0.73	0.59	0.63	0.72	0.4
Inventory	0.99	0.77	0.85	0.96	0.98	0.9	0.45	0.97	0.86	0.97	-0.32	0.86	0.99	0.51	0.66		0.94	0.95	0.96	1.0	0.82	0.5	0.96	0.76	0.76	0.53
Other Current Assets	0.94	0.78	0.77	0.88	0.91	0.81	0.49	0.93	0.81	0.91	-0.34	0.81	0.96	0.53	0.68	0.94		0.85	0.9	0.95	0.74	0.5	0.9	0.74	0.75	0.56
Other Stockholder Equity	0.97	0.67	0.78	0.91	0.98	0.88	0.3	0.92	0.89	0.97	-0.1	0.89	0.95	0.54	0.58	0.95	0.85		0.89	0.96	0.77	0.52	0.91	0.79	0.78	0.57
Total Liab	0.96	0.9	0.83	0.95	0.9	0.88	0.64	0.88	0.82	0.95	-0.44	0.82	0.95	0.48	0.8	0.96	0.9	0.89		0.95	0.83	0.6	0.95	0.74	0.79	0.46
Total Current Assets	1.0	0.77	0.85	0.96	0.98	0.91	0.43	0.97	0.89	0.98	-0.29	0.89	0.99	0.51	0.67	1.0	0.95	0.96	0.95		0.82	0.51	0.96	0.76	0.77	0.54
Short Term Debt	0.83	0.66	0.87	0.91	0.81	0.95	0.33	0.82	0.81	0.83	-0.62	0.81	0.77	0.12	0.44	0.82	0.74	0.77	0.83	0.82		0.19	0.88	0.43	0.46	0.06
Intangible Assets	0.53	0.64	0.2	0.43	0.44	0.27	0.62	0.34	0.31	0.56	-0.06	0.31	0.56	0.81	0.73	0.5	0.5	0.52	0.6	0.51	0.19		0.47	0.82	0.9	0.73
Accounts Payable	0.96	0.75	0.89	1.0	0.93	0.91	0.41	0.92	0.87	0.94	-0.45	0.87	0.95	0.44	0.59	0.96	0.9	0.91	0.95	0.96	0.88	0.47		0.7	0.72	0.45
Common Stock	0.77	0.6	0.43	0.68	0.73	0.51	0.45	0.66	0.51	0.77	-0.07	0.51	0.81	0.93	0.63	0.76	0.74	0.79	0.74	0.76	0.43	0.82	0.7		0.98	0.89
Good Will	0.78	0.69	0.47	0.7	0.73	0.54	0.54	0.64	0.54	0.79	-0.12	0.54	0.81	0.89	0.72	0.76	0.75	0.78	0.79	0.77	0.46	0.9	0.72	0.98		0.83
Current Deferred Revenue	0.53	0.29	0.15	0.41	0.52	0.17	0.2	0.46	0.28	0.51	0.19	0.28	0.6	0.95	0.4	0.53	0.56	0.57	0.46	0.54	0.06	0.73	0.45	0.89	0.83

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Watsco Account Relationship Matchups

Watsco fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6B	2.5B	3.1B	3.5B	3.7B	3.9B
Short Long Term Debt Total	310.0M	216.1M	369.7M	390.5M	404.8M	425.0M
Other Current Liab	69.4M	71.8M	278.0M	303.4M	242.4M	254.5M
Total Current Liabilities	461.7M	499.7M	726.7M	906.5M	712.0M	747.6M
Total Stockholder Equity	1.4B	1.5B	1.7B	1.9B	2.2B	2.3B
Property Plant And Equipment Net	321.9M	307.4M	379.5M	442.7M	505.0M	530.2M
Net Debt	235.5M	65.3M	242.3M	231.6M	194.7M	204.4M
Retained Earnings	632.5M	636.4M	760.8M	1.0B	1.2B	1.2B
Cash	74.5M	146.1M	118.3M	147.5M	210.1M	220.6M
Non Current Assets Total	1.0B	999.9M	1.1B	1.2B	1.3B	1.4B
Non Currrent Assets Other	9.5M	12.2M	9.2M	(173.9M)	8.2M	5.2M
Cash And Short Term Investments	74.5M	146.1M	118.3M	147.5M	210.1M	220.6M
Net Receivables	533.8M	535.3M	698.5M	747.1M	797.8M	837.7M
Common Stock Shares Outstanding	34.7M	35.2M	35.4M	35.7M	36.5M	27.7M
Liabilities And Stockholders Equity	2.6B	2.5B	3.1B	3.5B	3.7B	3.9B
Non Current Liabilities Total	379.7M	217.4M	361.7M	333.4M	401.0M	421.0M
Inventory	920.8M	793.9M	1.1B	1.4B	1.3B	1.4B
Other Current Assets	17.7M	21.8M	29.2M	34.0M	36.7M	38.5M
Other Stockholder Equity	820.4M	863.5M	916.5M	885.6M	1.1B	1.1B
Total Liab	841.4M	717.2M	1.1B	1.2B	1.1B	1.2B
Total Current Assets	1.5B	1.5B	2.0B	2.3B	2.4B	2.5B
Short Term Debt	69.4M	71.8M	84.5M	147.0M	100.3M	105.3M
Intangible Assets	172.0M	169.9M	186.9M	175.2M	218.1M	117.6M
Accounts Payable	239.7M	251.6M	364.2M	456.1M	369.4M	387.9M
Accumulated Other Comprehensive Income	(39.1M)	(34.9M)	(34.2M)	(47.7M)	(42.3M)	(40.2M)
Common Stock	21.5M	21.7M	21.8M	21.8M	22.1M	20.8M
Good Will	411.2M	412.5M	434.0M	430.7M	457.1M	378.8M
Current Deferred Revenue	185.5M	156.8M	83.2M	104.6M	120.2M	95.9M
Other Liab	67.7M	73.1M	85.7M	89.9M	80.9M	61.0M
Net Tangible Assets	852.2M	1.5B	1.7B	1.3B	1.5B	1.0B
Other Assets	6.6M	6.2M	6.4M	6.4M	5.7M	11.4M
Long Term Debt	157.7M	144.3M	285.2M	243.5M	15.4M	14.6M
Long Term Investments	94.8M	97.8M	114.8M	132.8M	146.2M	73.5M
Short Long Term Debt	69.4M	71.8M	84.5M	147.0M	100.3M	52.2M
Property Plant Equipment	321.9M	98.2M	111.0M	125.4M	144.2M	131.4M

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watsco Inc. 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.

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Please note, there is a significant difference between Watsco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Watsco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Watsco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Watsco Long Term Debt vs Total Assets Analysis

Long Term Debt vs Total Assets

Long Term Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Long Term Debt

Total Assets

Watsco fundamental ratios Correlations

Watsco Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Watsco fundamental ratios Accounts

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Total Current Assets	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Inventory
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Short Term Debt	- 0.62	Non Currrent Assets Other
Non Currrent Assets Other	- 0.46	Total Current Liabilities
Accounts Payable	- 0.45	Non Currrent Assets Other
Total Liab	- 0.44	Non Currrent Assets Other
Non Currrent Assets Other	- 0.44	Short Long Term Debt Total
Non Currrent Assets Other	- 0.42	Net Debt