Watsco Net 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 Net 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.

Net Debt vs Total Assets

Net 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 Net Debt account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Watsco's Net Debt and Total Assets is 0.45. Overlapping area represents the amount of variation of Net 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 Net 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 Net 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 Net Debt i.e., Watsco's Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.45

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

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.

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	0.97	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	0.94	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	0.91	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	0.9	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	0.63	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	0.89	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	0.83	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	0.96	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	-0.42	-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	0.83	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	0.46	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	0.91	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	0.97	0.9	0.83	0.94	0.91	0.9	0.63	0.89	0.83	0.96	-0.42	0.83	0.95	0.46	0.8	0.96	0.91	0.89		0.96	0.83	0.59	0.95	0.73	0.78	0.45
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	0.96		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	0.59	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	0.73	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	0.78	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	0.45	0.54	0.06	0.73	0.45	0.89	0.83

Click cells to compare fundamentals

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	3.8B	4.0B
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	1.2B	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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America

When determining whether Watsco Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Watsco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Watsco Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Watsco Inc Stock:

How To Invest In Watsco

Details

Is Watsco Stock a good investment?

Details

What is Watsco's Net Worth?

Details

Largest Trading Companies & Distributors Companies

View

Largest Industrial Distribution Companies

View

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.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Watsco Net Debt vs Total Assets Analysis

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Assets

Watsco fundamental ratios Correlations

Watsco Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Watsco fundamental ratios Accounts

Also Currently Popular

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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
Non Currrent Assets Other	- 0.44	Short Long Term Debt Total
Total Liab	- 0.42	Non Currrent Assets Other
Non Currrent Assets Other	- 0.42	Net Debt