Zenith Short Long Term Debt Total vs Total Assets 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 Short Long Term Debt Total and its Total Assets 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.

Short Long Term Debt Total vs Total Assets

Short Long Term Debt Total vs Total Assets Correlation Analysis

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

The correlation between Zenith Steel's Short Long Term Debt Total and Total Assets is -0.53. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Total Assets 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 Short Long Term Debt Total 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 Long Term Debt Total of Zenith Steel Pipes 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 Long Term Debt Total i.e., Zenith Steel's Short Long Term Debt Total and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.53

Relationship Direction	Negative
Relationship Strength	Very Weak

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Short Long Term Debt Total

Total Assets

Total assets refers to the total amount of Zenith Steel 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 Zenith Steel Pipes 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 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 Short Long Term Debt Total vs Total Assets Analysis

Short Long Term Debt Total vs Total Assets

Short Long Term Debt Total vs Total Assets Correlation Analysis

Correlation Coefficient

Short Long Term Debt Total

Total Assets

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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Additional Tools for Zenith Stock Analysis

COMMON DESTINATIONS

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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