Zenith Total Current Assets vs Net Debt Analysis

ZENITHSTL

9.04 0.03 0.33%

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 Total Current Assets and its Net Debt 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.

Total Current Assets vs Net Debt

Total Current Assets vs Net Debt Correlation Analysis

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

The correlation between Zenith Steel's Total Current Assets and Net Debt is -0.7. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Debt 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 Total Current Assets and Net 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 Total Current Assets of Zenith Steel Pipes are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Assets i.e., Zenith Steel's Total Current Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.7

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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.

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 drop to about 1.8 M in 2024. Tax Provision is expected to grow at the current pace this year

	2021	2022	2023	2024 (projected)
Interest Expense	68.1M	34.8M	29.2M	27.8M
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	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Intangible Assets	Current Deferred Revenue	Retained Earnings	Accounts Payable	Net Receivables	Short Term Debt	Short Term Investments
Total Assets		-0.53	0.53	-0.26	0.95	0.86	-0.68	0.86	0.94	0.72	0.86	-0.33	0.72	0.81	0.26	-0.32	-0.01	0.98	-0.34	0.63	-0.51	0.93	0.66	0.92	-0.36	-0.23
Short Long Term Debt Total	-0.53		-0.89	0.62	-0.63	-0.18	0.97	-0.77	-0.31	-0.48	-0.77	0.45	-0.65	-0.86	-0.26	-0.3	0.52	-0.56	0.44	-0.63	0.29	-0.58	-0.74	-0.55	0.76	-0.38
Other Current Liab	0.53	-0.89		-0.54	0.61	0.27	-0.86	0.65	0.41	0.55	0.66	-0.25	0.59	0.74	0.33	0.31	-0.44	0.53	-0.25	0.49	-0.5	0.55	0.56	0.53	-0.62	0.15
Total Current Liabilities	-0.26	0.62	-0.54		-0.48	-0.2	0.54	-0.31	-0.11	0.09	-0.31	0.84	-0.8	-0.45	-0.36	-0.28	0.95	-0.28	0.83	-0.47	0.37	-0.51	-0.32	-0.42	0.45	-0.06
Total Stockholder Equity	0.95	-0.63	0.61	-0.48		0.82	-0.74	0.86	0.87	0.57	0.86	-0.49	0.82	0.85	0.37	-0.13	-0.27	0.97	-0.49	0.75	-0.49	0.99	0.69	0.93	-0.38	-0.21
Property Plant And Equipment Net	0.86	-0.18	0.27	-0.2	0.82		-0.32	0.54	0.95	0.43	0.54	-0.31	0.62	0.46	0.4	-0.41	0.02	0.82	-0.33	0.45	-0.44	0.83	0.27	0.8	0.04	-0.6
Net Debt	-0.68	0.97	-0.86	0.54	-0.74	-0.32		-0.89	-0.47	-0.62	-0.89	0.44	-0.69	-0.95	-0.24	-0.14	0.39	-0.7	0.44	-0.66	0.32	-0.69	-0.82	-0.67	0.75	-0.29
Cash	0.86	-0.77	0.65	-0.31	0.86	0.54	-0.89		0.7	0.71	1.0	-0.37	0.64	0.97	0.22	-0.1	-0.13	0.89	-0.37	0.69	-0.28	0.83	0.87	0.8	-0.55	0.06
Non Current Assets Total	0.94	-0.31	0.41	-0.11	0.87	0.95	-0.47	0.7		0.68	0.7	-0.17	0.6	0.62	0.31	-0.44	0.12	0.9	-0.18	0.45	-0.5	0.86	0.43	0.83	-0.13	-0.46
Non Currrent Assets Other	0.72	-0.48	0.55	0.09	0.57	0.43	-0.62	0.71	0.68		0.72	0.17	0.34	0.68	-0.09	-0.43	0.3	0.64	0.17	0.15	-0.51	0.5	0.54	0.53	-0.55	0.07
Cash And Short Term Investments	0.86	-0.77	0.66	-0.31	0.86	0.54	-0.89	1.0	0.7	0.72		-0.36	0.64	0.97	0.22	-0.1	-0.13	0.89	-0.37	0.69	-0.28	0.83	0.87	0.79	-0.55	0.06
Common Stock Shares Outstanding	-0.33	0.45	-0.25	0.84	-0.49	-0.31	0.44	-0.37	-0.17	0.17	-0.36		-0.79	-0.42	-0.34	-0.03	0.74	-0.35	1.0	-0.51	0.14	-0.54	-0.43	-0.52	0.24	0.11
Non Current Liabilities Total	0.72	-0.65	0.59	-0.8	0.82	0.62	-0.69	0.64	0.6	0.34	0.64	-0.79		0.71	0.39	-0.12	-0.59	0.71	-0.79	0.59	-0.55	0.84	0.61	0.83	-0.44	-0.14
Inventory	0.81	-0.86	0.74	-0.45	0.85	0.46	-0.95	0.97	0.62	0.68	0.97	-0.42	0.71		0.24	0.02	-0.27	0.84	-0.42	0.72	-0.36	0.81	0.89	0.78	-0.65	0.17
Other Current Assets	0.26	-0.26	0.33	-0.36	0.37	0.4	-0.24	0.22	0.31	-0.09	0.22	-0.34	0.39	0.24		0.22	-0.32	0.3	-0.35	0.3	0.01	0.38	0.1	0.2	0.31	-0.59
Other Stockholder Equity	-0.32	-0.3	0.31	-0.28	-0.13	-0.41	-0.14	-0.1	-0.44	-0.43	-0.1	-0.03	-0.12	0.02	0.22		-0.47	-0.19	-0.01	0.36	0.22	-0.15	0.03	-0.19	-0.03	0.35
Total Liab	-0.01	0.52	-0.44	0.95	-0.27	0.02	0.39	-0.13	0.12	0.3	-0.13	0.74	-0.59	-0.27	-0.32	-0.47		-0.07	0.72	-0.39	0.21	-0.3	-0.15	-0.18	0.36	-0.13
Total Current Assets	0.98	-0.56	0.53	-0.28	0.97	0.82	-0.7	0.89	0.9	0.64	0.89	-0.35	0.71	0.84	0.3	-0.19	-0.07		-0.35	0.73	-0.42	0.96	0.73	0.93	-0.33	-0.19
Common Stock	-0.34	0.44	-0.25	0.83	-0.49	-0.33	0.44	-0.37	-0.18	0.17	-0.37	1.0	-0.79	-0.42	-0.35	-0.01	0.72	-0.35		-0.51	0.14	-0.55	-0.42	-0.53	0.24	0.12
Intangible Assets	0.63	-0.63	0.49	-0.47	0.75	0.45	-0.66	0.69	0.45	0.15	0.69	-0.51	0.59	0.72	0.3	0.36	-0.39	0.73	-0.51		-0.22	0.74	0.72	0.72	-0.31	0.13
Current Deferred Revenue	-0.51	0.29	-0.5	0.37	-0.49	-0.44	0.32	-0.28	-0.5	-0.51	-0.28	0.14	-0.55	-0.36	0.01	0.22	0.21	-0.42	0.14	-0.22		-0.48	-0.24	-0.49	0.45	0.08
Retained Earnings	0.93	-0.58	0.55	-0.51	0.99	0.83	-0.69	0.83	0.86	0.5	0.83	-0.54	0.84	0.81	0.38	-0.15	-0.3	0.96	-0.55	0.74	-0.48		0.67	0.94	-0.32	-0.26
Accounts Payable	0.66	-0.74	0.56	-0.32	0.69	0.27	-0.82	0.87	0.43	0.54	0.87	-0.43	0.61	0.89	0.1	0.03	-0.15	0.73	-0.42	0.72	-0.24	0.67		0.73	-0.54	0.27
Net Receivables	0.92	-0.55	0.53	-0.42	0.93	0.8	-0.67	0.8	0.83	0.53	0.79	-0.52	0.83	0.78	0.2	-0.19	-0.18	0.93	-0.53	0.72	-0.49	0.94	0.73		-0.34	-0.17
Short Term Debt	-0.36	0.76	-0.62	0.45	-0.38	0.04	0.75	-0.55	-0.13	-0.55	-0.55	0.24	-0.44	-0.65	0.31	-0.03	0.36	-0.33	0.24	-0.31	0.45	-0.32	-0.54	-0.34		-0.67
Short Term Investments	-0.23	-0.38	0.15	-0.06	-0.21	-0.6	-0.29	0.06	-0.46	0.07	0.06	0.11	-0.14	0.17	-0.59	0.35	-0.13	-0.19	0.12	0.13	0.08	-0.26	0.27	-0.17	-0.67

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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	9.7M	1.1B	3.6M	943.5M	1.1B	920.0M
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	238.0M	249.9M
Cash And Short Term Investments	25.3M	28.7M	14.5M	58.8M	10.9M	10.4M
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	303.2M	288.0M
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
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)
Accounts Payable	541.6M	403.8M	898.5M	914.5M	894.0M	580.2M
Net Receivables	88.2M	121.3M	501.1M	470.9M	590.8M	1.0B
Accumulated Other Comprehensive Income	325.6M	326.7M	328.4M	330.2M	85.8M	81.5M
Short Term Debt	2.1B	2.0B	1.9B	2.1B	1.9B	1.7B
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 Total Current Assets vs Net Debt Analysis

Total Current Assets vs Net Debt

Total Current Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Total Current Assets

Net Debt

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
Other Current Liab	- 0.89	Short Long Term Debt Total
Net Debt	- 0.86	Other Current Liab
Inventory	- 0.86	Short Long Term Debt Total