Zenith Cash And Short Term Investments vs Non Current Liabilities Total Analysis

ZENITHSTL

9.04 0.12 1.35%

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

Cash And Short Term Investments vs Non Current Liabilities Total

Cash And Short Term Investments vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zenith Steel Pipes Cash And Short Term Investments account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.

The correlation between Zenith Steel's Cash And Short Term Investments and Non Current Liabilities Total is 0.64. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Zenith Steel Pipes, assuming nothing else is changed. The correlation between historical values of Zenith Steel's Cash And Short Term Investments and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Zenith Steel Pipes are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Cash And Short Term Investments i.e., Zenith Steel's Cash And Short Term Investments and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.64

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Zenith Steel Pipes balance sheet. This account contains Zenith Steel investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Zenith Steel Pipes fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Non Current Liabilities Total

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

Selling General Administrative is likely to gain to about 118.7 M in 2024, whereas Tax Provision is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	68.1M	34.8M	29.1M	27.7M
Depreciation And Amortization	26.7M	24.5M	25.8M	39.8M

Interest Expense Depreciation And Amortization

Zenith Steel 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	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	Common Stock	Short Term Debt	Accounts Payable	Intangible Assets	Current Deferred Revenue	Retained Earnings	Short Term Investments
Total Assets		-0.53	0.11	-0.26	0.95	0.86	-0.68	0.86	0.94	0.68	0.86	0.9	-0.33	0.72	0.81	0.09	-0.56	-0.01	0.98	-0.34	-0.09	0.64	0.63	-0.51	0.93	-0.23
Short Long Term Debt Total	-0.53		-0.62	0.62	-0.63	-0.18	0.97	-0.77	-0.31	-0.47	-0.77	-0.49	0.45	-0.65	-0.86	0.58	0.35	0.52	-0.56	0.44	0.62	-0.59	-0.63	0.29	-0.58	-0.38
Other Current Liab	0.11	-0.62		-0.67	0.27	0.04	-0.54	0.31	0.06	0.11	0.31	0.22	-0.49	0.49	0.37	-0.53	-0.48	-0.65	0.12	-0.48	-0.58	0.01	0.17	-0.26	0.27	-0.08
Total Current Liabilities	-0.26	0.62	-0.67		-0.48	-0.2	0.54	-0.31	-0.11	0.1	-0.31	-0.32	0.84	-0.8	-0.45	0.4	0.61	0.95	-0.28	0.83	0.8	0.17	-0.47	0.37	-0.51	-0.06
Total Stockholder Equity	0.95	-0.63	0.27	-0.48		0.82	-0.74	0.86	0.87	0.52	0.86	0.91	-0.49	0.82	0.85	0.03	-0.68	-0.27	0.97	-0.49	-0.28	0.54	0.75	-0.49	0.99	-0.21
Property Plant And Equipment Net	0.86	-0.18	0.04	-0.2	0.82		-0.32	0.54	0.95	0.39	0.54	0.82	-0.31	0.62	0.46	0.4	-0.59	0.02	0.82	-0.33	0.15	0.27	0.45	-0.44	0.83	-0.6
Net Debt	-0.68	0.97	-0.54	0.54	-0.74	-0.32		-0.89	-0.47	-0.6	-0.89	-0.63	0.44	-0.69	-0.95	0.52	0.39	0.39	-0.7	0.44	0.56	-0.69	-0.66	0.32	-0.69	-0.29
Cash	0.86	-0.77	0.31	-0.31	0.86	0.54	-0.89		0.7	0.67	1.0	0.84	-0.37	0.64	0.97	-0.26	-0.45	-0.13	0.89	-0.37	-0.35	0.78	0.69	-0.28	0.83	0.06
Non Current Assets Total	0.94	-0.31	0.06	-0.11	0.87	0.95	-0.47	0.7		0.64	0.7	0.86	-0.17	0.6	0.62	0.28	-0.55	0.12	0.9	-0.18	0.15	0.51	0.45	-0.5	0.86	-0.46
Non Currrent Assets Other	0.68	-0.47	0.11	0.1	0.52	0.39	-0.6	0.67	0.64		0.68	0.49	0.18	0.32	0.65	-0.21	-0.17	0.31	0.59	0.18	0.07	0.74	0.09	-0.52	0.46	0.09
Cash And Short Term Investments	0.86	-0.77	0.31	-0.31	0.86	0.54	-0.89	1.0	0.7	0.68		0.84	-0.36	0.64	0.97	-0.26	-0.45	-0.13	0.89	-0.37	-0.35	0.78	0.69	-0.28	0.83	0.06
Net Receivables	0.9	-0.49	0.22	-0.32	0.91	0.82	-0.63	0.84	0.86	0.49	0.84		-0.49	0.75	0.79	-0.01	-0.71	-0.09	0.92	-0.5	-0.22	0.55	0.64	-0.3	0.93	-0.38
Common Stock Shares Outstanding	-0.33	0.45	-0.49	0.84	-0.49	-0.31	0.44	-0.37	-0.17	0.18	-0.36	-0.49		-0.79	-0.42	0.3	0.67	0.74	-0.35	1.0	0.78	0.16	-0.51	0.14	-0.54	0.11
Non Current Liabilities Total	0.72	-0.65	0.49	-0.8	0.82	0.62	-0.69	0.64	0.6	0.32	0.64	0.75	-0.79		0.71	-0.25	-0.83	-0.59	0.71	-0.79	-0.6	0.22	0.59	-0.55	0.84	-0.14
Inventory	0.81	-0.86	0.37	-0.45	0.85	0.46	-0.95	0.97	0.62	0.65	0.97	0.79	-0.42	0.71		-0.38	-0.47	-0.27	0.84	-0.42	-0.47	0.76	0.72	-0.36	0.81	0.17
Other Current Assets	0.09	0.58	-0.53	0.4	0.03	0.4	0.52	-0.26	0.28	-0.21	-0.26	-0.01	0.3	-0.25	-0.38		0.1	0.39	0.1	0.29	0.64	-0.17	0.07	-0.02	0.06	-0.34
Other Stockholder Equity	-0.56	0.35	-0.48	0.61	-0.68	-0.59	0.39	-0.45	-0.55	-0.17	-0.45	-0.71	0.67	-0.83	-0.47	0.1		0.45	-0.59	0.67	0.44	-0.09	-0.41	0.45	-0.74	0.43
Total Liab	-0.01	0.52	-0.65	0.95	-0.27	0.02	0.39	-0.13	0.12	0.31	-0.13	-0.09	0.74	-0.59	-0.27	0.39	0.45		-0.07	0.72	0.79	0.32	-0.39	0.21	-0.3	-0.13
Total Current Assets	0.98	-0.56	0.12	-0.28	0.97	0.82	-0.7	0.89	0.9	0.59	0.89	0.92	-0.35	0.71	0.84	0.1	-0.59	-0.07		-0.35	-0.14	0.67	0.73	-0.42	0.96	-0.19
Common Stock	-0.34	0.44	-0.48	0.83	-0.49	-0.33	0.44	-0.37	-0.18	0.18	-0.37	-0.5	1.0	-0.79	-0.42	0.29	0.67	0.72	-0.35		0.77	0.16	-0.51	0.14	-0.55	0.12
Short Term Debt	-0.09	0.62	-0.58	0.8	-0.28	0.15	0.56	-0.35	0.15	0.07	-0.35	-0.22	0.78	-0.6	-0.47	0.64	0.44	0.79	-0.14	0.77		0.05	-0.37	0.12	-0.31	-0.37
Accounts Payable	0.64	-0.59	0.01	0.17	0.54	0.27	-0.69	0.78	0.51	0.74	0.78	0.55	0.16	0.22	0.76	-0.17	-0.09	0.32	0.67	0.16	0.05		0.5	-0.18	0.47	0.24
Intangible Assets	0.63	-0.63	0.17	-0.47	0.75	0.45	-0.66	0.69	0.45	0.09	0.69	0.64	-0.51	0.59	0.72	0.07	-0.41	-0.39	0.73	-0.51	-0.37	0.5		-0.22	0.74	0.13
Current Deferred Revenue	-0.51	0.29	-0.26	0.37	-0.49	-0.44	0.32	-0.28	-0.5	-0.52	-0.28	-0.3	0.14	-0.55	-0.36	-0.02	0.45	0.21	-0.42	0.14	0.12	-0.18	-0.22		-0.48	0.08
Retained Earnings	0.93	-0.58	0.27	-0.51	0.99	0.83	-0.69	0.83	0.86	0.46	0.83	0.93	-0.54	0.84	0.81	0.06	-0.74	-0.3	0.96	-0.55	-0.31	0.47	0.74	-0.48		-0.26
Short Term Investments	-0.23	-0.38	-0.08	-0.06	-0.21	-0.6	-0.29	0.06	-0.46	0.09	0.06	-0.38	0.11	-0.14	0.17	-0.34	0.43	-0.13	-0.19	0.12	-0.37	0.24	0.13	0.08	-0.26

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Zenith Steel Account Relationship Matchups

Zenith Steel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.8B	1.4B	1.9B	1.7B	1.8B	3.2B
Short Long Term Debt Total	2.2B	2.1B	2.1B	2.2B	2.2B	2.1B
Other Current Liab	813.8M	1.1B	3.6M	943.5M	1.1B	865.0M
Total Current Liabilities	4.1B	3.7B	4.1B	4.1B	4.1B	3.8B
Total Stockholder Equity	(2.5B)	(2.5B)	(2.4B)	(2.6B)	(2.6B)	(2.4B)
Property Plant And Equipment Net	658.0M	479.8M	442.6M	455.0M	444.2M	759.7M
Net Debt	2.2B	2.0B	2.0B	2.1B	2.1B	1.8B
Cash	25.3M	28.7M	14.5M	52.7M	4.3M	4.1M
Non Current Assets Total	695.0M	497.8M	466.6M	483.7M	716.0M	836.2M
Non Currrent Assets Other	(35K)	17.7M	1K	1.7M	271.7M	285.3M
Cash And Short Term Investments	25.3M	28.7M	14.5M	58.8M	10.9M	10.4M
Net Receivables	891.3M	121.3M	501.1M	470.9M	590.8M	561.3M
Liabilities And Stockholders Equity	1.8B	1.4B	1.9B	1.7B	1.8B	3.2B
Non Current Liabilities Total	252.7M	174.0M	220.9M	177.6M	332.5M	462.2M
Inventory	53.5M	108.1M	279.9M	209.4M	198.6M	188.7M
Other Current Assets	937.0M	603.5M	657.1M	943.2M	309.8M	294.3M
Total Liab	4.3B	3.9B	4.3B	4.3B	4.4B	4.5B
Total Current Assets	1.1B	861.6M	1.4B	1.2B	1.1B	1.0B
Short Term Debt	1.9B	2.0B	1.9B	2.1B	1.9B	2.0B
Accounts Payable	541.6M	403.8M	898.5M	914.5M	894.0M	640.3M
Intangible Assets	643K	417K	1.2M	1.3M	119K	113.1K
Current Deferred Revenue	1.4B	1.3B	1.2B	507.4M	214.9M	204.1M
Retained Earnings	(5.5B)	(5.7B)	(5.6B)	(5.7B)	(5.5B)	(5.8B)
Accumulated Other Comprehensive Income	325.6M	326.7M	328.4M	330.2M	85.8M	81.5M
Other Liab	115.6M	110.4M	106.1M	112.7M	101.4M	89.5M
Net Tangible Assets	(2.5B)	(2.5B)	(2.4B)	(2.6B)	(2.3B)	(2.4B)
Other Assets	36.3M	36.2M	17.5M	22.8M	20.5M	24.4M
Long Term Debt	142.3M	68.0M	108.2M	72.8M	223.3M	234.5M
Net Invested Capital	(263.3M)	(477.8M)	(364.5M)	(366.2M)	(417.1M)	(396.2M)
Short Long Term Debt	2.1B	2.0B	1.9B	2.1B	1.9B	1.7B
Net Working Capital	(3.0B)	(2.9B)	(2.7B)	(2.9B)	(3.0B)	(3.1B)
Property Plant Equipment	889.3M	658.0M	479.8M	442.6M	398.4M	544.0M

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Zenith Cash And Short Term Investments vs Non Current Liabilities Total Analysis

Cash And Short Term Investments vs Non Current Liabilities Total

Cash And Short Term Investments vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Non Current Liabilities Total

Zenith Steel fundamental ratios Correlations

Zenith Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zenith Steel fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Shares Outstanding
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.98	Total Assets
Net Debt	+ 0.97	Short Long Term Debt Total
Total Current Assets	+ 0.97	Total Stockholder Equity

Inventory	- 0.95	Net Debt
Cash And Short Term Investments	- 0.89	Net Debt
Cash	- 0.89	Net Debt
Inventory	- 0.86	Short Long Term Debt Total
Other Stockholder Equity	- 0.83	Non Current Liabilities Total
Non Current Liabilities Total	- 0.8	Total Current Liabilities