Wolverine Net Working Capital vs Long Term Debt Analysis

WWW Stock

USD 23.74 0.34 1.45%

Wolverine World financial indicator trend analysis is more than just analyzing Wolverine World Wide current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wolverine World Wide is a good investment. Please check the relationship between Wolverine World Net Working Capital and its Long Term Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolverine World Wide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Net Working Capital vs Long Term Debt

Net Working Capital vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wolverine World Wide Net Working Capital account and Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Wolverine World's Net Working Capital and Long Term Debt is 0.4. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Wolverine World Wide, assuming nothing else is changed. The correlation between historical values of Wolverine World's Net Working Capital and Long Term 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 Net Working Capital of Wolverine World Wide are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Working Capital i.e., Wolverine World's Net Working Capital and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.4

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Working Capital

Long Term Debt

Long-term debt is a debt that Wolverine World Wide has held for over one year. Long-term debt appears on Wolverine World Wide 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 Wolverine World Wide 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.

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

Selling General Administrative is likely to drop to about 367.6 M in 2024. Tax Provision is likely to climb to about (90.2 M) in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	1.0B	1.1B	872.5M	509.3M
Total Revenue	2.4B	2.7B	2.2B	1.3B

Gross Profit Total Revenue

Wolverine World 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	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Short Term Debt	Current Deferred Revenue	Accounts Payable	Common Stock
Total Assets		0.73	0.36	0.3	0.61	0.6	0.61	0.74	0.5	0.98	0.74	0.5	0.84	-0.27	0.86	0.68	-0.05	-0.14	0.79	0.11	0.93	0.86	0.09	-0.46	0.88	0.81
Short Long Term Debt Total	0.73		0.71	0.69	0.08	0.66	0.96	0.34	0.17	0.7	0.41	0.17	0.51	-0.55	0.85	0.68	0.52	-0.37	0.99	0.62	0.71	0.52	0.5	0.09	0.53	0.6
Other Current Liab	0.36	0.71		0.87	-0.21	0.63	0.74	0.22	-0.12	0.36	-0.14	-0.12	0.13	-0.74	0.35	0.44	0.6	-0.63	0.72	0.74	0.32	0.13	0.61	0.43	0.19	0.5
Total Current Liabilities	0.3	0.69	0.87		-0.26	0.72	0.73	0.28	-0.15	0.25	-0.15	-0.15	0.09	-0.85	0.23	0.51	0.77	-0.77	0.7	0.87	0.37	-0.04	0.91	0.55	0.13	0.54
Total Stockholder Equity	0.61	0.08	-0.21	-0.26		-0.07	-0.08	0.61	0.58	0.64	0.72	0.58	0.72	0.3	0.44	0.13	-0.45	0.27	0.18	-0.37	0.48	0.8	-0.39	-0.7	0.74	0.5
Property Plant And Equipment Net	0.6	0.66	0.63	0.72	-0.07		0.63	0.61	0.16	0.57	0.16	0.16	0.36	-0.81	0.42	0.54	0.26	-0.67	0.69	0.54	0.58	0.24	0.61	0.17	0.25	0.69
Net Debt	0.61	0.96	0.74	0.73	-0.08	0.63		0.22	-0.12	0.58	0.32	-0.12	0.44	-0.53	0.73	0.71	0.58	-0.39	0.92	0.63	0.59	0.4	0.58	0.17	0.4	0.45
Retained Earnings	0.74	0.34	0.22	0.28	0.61	0.61	0.22		0.48	0.73	0.59	0.48	0.74	-0.44	0.44	0.36	-0.16	-0.49	0.47	0.11	0.67	0.58	0.11	-0.27	0.6	0.78
Cash	0.5	0.17	-0.12	-0.15	0.58	0.16	-0.12	0.48		0.47	0.36	1.0	0.32	-0.08	0.44	0.0	-0.25	0.11	0.24	-0.09	0.51	0.46	-0.27	-0.36	0.51	0.53
Non Current Assets Total	0.98	0.7	0.36	0.25	0.64	0.57	0.58	0.73	0.47		0.73	0.47	0.85	-0.22	0.85	0.57	-0.13	-0.11	0.76	0.07	0.83	0.92	0.02	-0.5	0.85	0.76
Non Currrent Assets Other	0.74	0.41	-0.14	-0.15	0.72	0.16	0.32	0.59	0.36	0.73		0.36	0.88	0.17	0.73	0.48	-0.31	0.14	0.46	-0.27	0.68	0.81	-0.28	-0.62	0.69	0.39
Cash And Short Term Investments	0.5	0.17	-0.12	-0.15	0.58	0.16	-0.12	0.48	1.0	0.47	0.36		0.32	-0.08	0.44	0.0	-0.25	0.11	0.24	-0.09	0.51	0.46	-0.27	-0.36	0.51	0.53
Net Receivables	0.84	0.51	0.13	0.09	0.72	0.36	0.44	0.74	0.32	0.85	0.88	0.32		-0.07	0.72	0.47	-0.18	-0.11	0.58	-0.05	0.73	0.83	-0.08	-0.5	0.75	0.64
Common Stock Shares Outstanding	-0.27	-0.55	-0.74	-0.85	0.3	-0.81	-0.53	-0.44	-0.08	-0.22	0.17	-0.08	-0.07		-0.19	-0.31	-0.6	0.9	-0.59	-0.83	-0.34	0.14	-0.72	-0.61	-0.01	-0.59
Non Current Liabilities Total	0.86	0.85	0.35	0.23	0.44	0.42	0.73	0.44	0.44	0.85	0.73	0.44	0.72	-0.19		0.56	0.1	-0.03	0.86	0.21	0.77	0.81	0.01	-0.33	0.73	0.56
Inventory	0.68	0.68	0.44	0.51	0.13	0.54	0.71	0.36	0.0	0.57	0.48	0.0	0.47	-0.31	0.56		0.25	-0.19	0.68	0.18	0.81	0.39	0.39	-0.19	0.61	0.52
Other Current Assets	-0.05	0.52	0.6	0.77	-0.45	0.26	0.58	-0.16	-0.25	-0.13	-0.31	-0.25	-0.18	-0.6	0.1	0.25		-0.5	0.48	0.89	0.11	-0.32	0.79	0.78	-0.11	0.19
Other Stockholder Equity	-0.14	-0.37	-0.63	-0.77	0.27	-0.67	-0.39	-0.49	0.11	-0.11	0.14	0.11	-0.11	0.9	-0.03	-0.19	-0.5		-0.43	-0.71	-0.18	0.18	-0.68	-0.56	0.03	-0.43
Total Liab	0.79	0.99	0.72	0.7	0.18	0.69	0.92	0.47	0.24	0.76	0.46	0.24	0.58	-0.59	0.86	0.68	0.48	-0.43		0.61	0.76	0.57	0.49	0.06	0.6	0.69
Property Plant And Equipment Gross	0.11	0.62	0.74	0.87	-0.37	0.54	0.63	0.11	-0.09	0.07	-0.27	-0.09	-0.05	-0.83	0.21	0.18	0.89	-0.71	0.61		0.17	-0.18	0.81	0.79	-0.09	0.4
Total Current Assets	0.93	0.71	0.32	0.37	0.48	0.58	0.59	0.67	0.51	0.83	0.68	0.51	0.73	-0.34	0.77	0.81	0.11	-0.18	0.76	0.17		0.65	0.2	-0.33	0.83	0.8
Intangible Assets	0.86	0.52	0.13	-0.04	0.8	0.24	0.4	0.58	0.46	0.92	0.81	0.46	0.83	0.14	0.81	0.39	-0.32	0.18	0.57	-0.18	0.65		-0.25	-0.69	0.83	0.54
Short Term Debt	0.09	0.5	0.61	0.91	-0.39	0.61	0.58	0.11	-0.27	0.02	-0.28	-0.27	-0.08	-0.72	0.01	0.39	0.79	-0.68	0.49	0.81	0.2	-0.25		0.6	-0.06	0.33
Current Deferred Revenue	-0.46	0.09	0.43	0.55	-0.7	0.17	0.17	-0.27	-0.36	-0.5	-0.62	-0.36	-0.5	-0.61	-0.33	-0.19	0.78	-0.56	0.06	0.79	-0.33	-0.69	0.6		-0.62	-0.09
Accounts Payable	0.88	0.53	0.19	0.13	0.74	0.25	0.4	0.6	0.51	0.85	0.69	0.51	0.75	-0.01	0.73	0.61	-0.11	0.03	0.6	-0.09	0.83	0.83	-0.06	-0.62		0.7
Common Stock	0.81	0.6	0.5	0.54	0.5	0.69	0.45	0.78	0.53	0.76	0.39	0.53	0.64	-0.59	0.56	0.52	0.19	-0.43	0.69	0.4	0.8	0.54	0.33	-0.09	0.7

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Wolverine World Account Relationship Matchups

Wolverine World fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	2.1B	2.6B	2.5B	2.1B	1.2B
Short Long Term Debt Total	979.7M	886.8M	1.1B	1.4B	1.1B	1.1B
Total Current Liabilities	787.4M	406M	759.6M	1.1B	869.4M	912.9M
Total Stockholder Equity	778.4M	573M	644.4M	339M	278.6M	475.1M
Property Plant And Equipment Net	301.8M	267.1M	267.2M	310.9M	214.5M	117.8M
Net Debt	799.1M	539.4M	961.6M	1.2B	908.9M	954.3M
Retained Earnings	1.3B	1.1B	1.1B	907.2M	834.8M	565.3M
Cash	180.6M	347.4M	161.7M	131.5M	179M	111.0M
Non Current Assets Total	1.5B	1.2B	1.7B	1.2B	1.0B	568.3M
Non Currrent Assets Other	167.7M	141.4M	140.8M	126.9M	68.9M	90.3M
Cash And Short Term Investments	180.6M	347.4M	161.7M	131.5M	179M	111.0M
Net Receivables	331.2M	268.3M	319.6M	241.7M	230.8M	195.2M
Common Stock Shares Outstanding	87.2M	81M	83.3M	79.7M	79.4M	86.1M
Liabilities And Stockholders Equity	2.5B	2.1B	2.6B	2.5B	2.1B	1.2B
Non Current Liabilities Total	914.2M	1.2B	1.2B	1.0B	893.4M	938.1M
Inventory	348.2M	243.1M	365.5M	745.2M	373.6M	236.8M
Other Current Assets	107.1M	45.4M	56.9M	211.7M	316.7M	332.5M
Other Stockholder Equity	(491.1M)	(511.7M)	(511.3M)	(565.9M)	(527M)	(500.7M)
Total Liab	1.7B	1.6B	1.9B	2.2B	1.8B	1.9B
Property Plant And Equipment Gross	301.8M	267.1M	267.2M	310.9M	469.7M	493.2M
Total Current Assets	967.1M	904.2M	903.7M	1.3B	1.0B	584.3M
Accumulated Other Comprehensive Income	(102.1M)	(130.6M)	(98.9M)	(132.9M)	(142.2M)	(135.1M)
Intangible Assets	682.3M	455.3M	792.7M	341.4M	209M	282.2M
Short Term Debt	406.6M	78M	82.3M	474.1M	349.7M	367.2M
Current Deferred Revenue	(138.3M)	(178.7M)	2M	24.5M	289.5M	304.0M
Accounts Payable	202.1M	185M	222.1M	272.2M	206M	124.3M
Common Stock	108.3M	110.4M	111.6M	112.2M	113M	79.1M
Common Stock Total Equity	108.3M	110.4M	111.6M	112.2M	129.0M	78.5M
Good Will	1.0B	824.7M	556.6M	485M	427.1M	405.7M
Other Liab	341.1M	315.6M	332.4M	166.8M	191.8M	163.1M
Other Assets	89.9M	141.4M	140.8M	90.1M	1.0	0.95
Long Term Debt	425.9M	712.5M	731.8M	723M	605.8M	495.9M
Treasury Stock	(736.2M)	(764.3M)	(810.2M)	(891.3M)	(802.2M)	(762.1M)
Property Plant Equipment	141M	124.6M	267.2M	136.2M	156.6M	130.2M
Net Tangible Assets	(207.3M)	(206M)	(630.3M)	(352.2M)	(317.0M)	(301.1M)
Noncontrolling Interest In Consolidated Entity	11.7M	11.6M	14.8M	18.4M	21.2M	22.2M
Retained Earnings Total Equity	1.3B	1.1B	1.1B	907.2M	1.0B	1.1B
Long Term Debt Total	425.9M	712.5M	731.8M	723M	650.7M	568.7M

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Wolverine Net Working Capital vs Long Term Debt Analysis

Net Working Capital vs Long Term Debt

Net Working Capital vs Long Term Debt Correlation Analysis

Correlation Coefficient

Net Working Capital

Long Term Debt

Wolverine World fundamental ratios Correlations

Wolverine World Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wolverine World fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Total Assets
Net Debt	+ 0.96	Short Long Term Debt Total
Total Current Assets	+ 0.93	Total Assets
Total Liab	+ 0.92	Net Debt

Common Stock Shares Outstanding	- 0.85	Total Current Liabilities
Property Plant And Equipment Gross	- 0.83	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.81	Property Plant And Equipment Net
Other Stockholder Equity	- 0.77	Total Current Liabilities
Common Stock Shares Outstanding	- 0.74	Other Current Liab
Short Term Debt	- 0.72	Common Stock Shares Outstanding