Zurn Good Will vs Cash And Short Term Investments Analysis

ZWS Stock

USD 39.93 0.58 1.47%

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

Good Will vs Cash And Short Term Investments

Good Will vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zurn Elkay Water Good Will account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Zurn Elkay's Good Will and Cash And Short Term Investments is 0.67. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Zurn Elkay Water, assuming nothing else is changed. The correlation between historical values of Zurn Elkay's Good Will and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Zurn Elkay Water are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Good Will i.e., Zurn Elkay's Good Will and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Zurn Elkay Water balance sheet. This account contains Zurn Elkay investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Zurn Elkay Water 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.

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

At this time, Zurn Elkay's Discontinued Operations is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 18.98 in 2024, whereas Tax Provision is likely to drop slightly above 29.1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	34.7M	26.9M	38.5M	75.3M
Depreciation And Amortization	81.7M	73.5M	87.9M	55.6M

Interest Expense Depreciation And Amortization

Zurn Elkay 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	Current Deferred Revenue	Good Will
Total Assets		0.78	0.59	0.86	0.28	0.8	0.59	0.38	0.67	0.81	-0.06	0.67	0.79	0.25	0.78	0.8	0.24	-0.02	0.84	0.95	0.19	0.37	0.72	0.31	0.0	0.42
Short Long Term Debt Total	0.78		0.78	0.81	-0.17	0.63	0.67	0.51	0.63	0.44	-0.16	0.63	0.55	-0.1	0.85	0.45	0.45	-0.42	0.92	0.83	0.41	-0.01	0.62	-0.11	-0.27	0.23
Other Current Liab	0.59	0.78		0.59	-0.08	0.58	0.46	0.7	0.49	0.31	-0.1	0.49	0.44	-0.15	0.61	0.19	0.39	-0.45	0.67	0.62	0.36	-0.2	0.46	-0.34	-0.73	0.36
Total Current Liabilities	0.86	0.81	0.59		-0.09	0.86	0.81	0.34	0.8	0.77	0.23	0.8	0.88	0.05	0.9	0.79	0.01	-0.26	0.93	0.94	0.0	0.23	0.87	0.09	-0.12	0.47
Total Stockholder Equity	0.28	-0.17	-0.08	-0.09		-0.04	-0.42	-0.21	-0.19	0.18	-0.4	-0.19	-0.01	0.78	-0.27	0.17	0.26	0.82	-0.21	0.06	0.22	0.57	-0.26	0.65	0.28	-0.1
Property Plant And Equipment Net	0.8	0.63	0.58	0.86	-0.04		0.88	0.4	0.83	0.92	0.49	0.83	0.96	0.0	0.89	0.85	-0.29	-0.24	0.85	0.86	-0.34	0.35	0.93	-0.04	-0.25	0.8
Net Debt	0.59	0.67	0.46	0.81	-0.42	0.88		0.25	0.8	0.75	0.58	0.8	0.84	-0.18	0.95	0.72	-0.36	-0.42	0.88	0.74	-0.39	0.26	0.89	-0.2	-0.24	0.65
Retained Earnings	0.38	0.51	0.7	0.34	-0.21	0.4	0.25		0.35	0.15	-0.15	0.35	0.24	-0.61	0.37	0.01	0.3	-0.72	0.42	0.4	0.28	-0.53	0.39	-0.64	-0.41	0.52
Cash	0.67	0.63	0.49	0.8	-0.19	0.83	0.8	0.35		0.74	0.46	1.0	0.77	-0.07	0.85	0.68	-0.26	-0.31	0.81	0.84	-0.26	0.2	0.8	-0.09	-0.25	0.67
Non Current Assets Total	0.81	0.44	0.31	0.77	0.18	0.92	0.75	0.15	0.74		0.47	0.74	0.94	0.23	0.76	0.96	-0.36	0.05	0.72	0.81	-0.41	0.59	0.83	0.27	0.05	0.72
Non Currrent Assets Other	-0.06	-0.16	-0.1	0.23	-0.4	0.49	0.58	-0.15	0.46	0.47		0.46	0.52	-0.14	0.34	0.41	-0.91	-0.16	0.19	0.12	-0.91	0.22	0.53	-0.19	-0.21	0.59
Cash And Short Term Investments	0.67	0.63	0.49	0.8	-0.19	0.83	0.8	0.35	1.0	0.74	0.46		0.77	-0.07	0.85	0.68	-0.26	-0.31	0.81	0.84	-0.26	0.2	0.8	-0.09	-0.25	0.67
Net Receivables	0.79	0.55	0.44	0.88	-0.01	0.96	0.84	0.24	0.77	0.94	0.52	0.77		0.12	0.84	0.92	-0.33	-0.13	0.81	0.85	-0.38	0.39	0.95	0.14	-0.11	0.68
Common Stock Shares Outstanding	0.25	-0.1	-0.15	0.05	0.78	0.0	-0.18	-0.61	-0.07	0.23	-0.14	-0.07	0.12		-0.1	0.33	0.08	0.91	-0.07	0.13	0.05	0.71	-0.14	0.86	0.22	-0.3
Non Current Liabilities Total	0.78	0.85	0.61	0.9	-0.27	0.89	0.95	0.37	0.85	0.76	0.34	0.85	0.84	-0.1		0.75	-0.08	-0.39	0.99	0.89	-0.12	0.23	0.89	-0.1	-0.23	0.57
Inventory	0.8	0.45	0.19	0.79	0.17	0.85	0.72	0.01	0.68	0.96	0.41	0.68	0.92	0.33	0.75		-0.31	0.14	0.71	0.81	-0.36	0.62	0.83	0.42	0.2	0.54
Other Current Assets	0.24	0.45	0.39	0.01	0.26	-0.29	-0.36	0.3	-0.26	-0.36	-0.91	-0.26	-0.33	0.08	-0.08	-0.31		-0.02	0.08	0.11	0.99	-0.31	-0.3	0.11	-0.03	-0.54
Other Stockholder Equity	-0.02	-0.42	-0.45	-0.26	0.82	-0.24	-0.42	-0.72	-0.31	0.05	-0.16	-0.31	-0.13	0.91	-0.39	0.14	-0.02		-0.38	-0.18	-0.04	0.72	-0.39	0.82	0.42	-0.35
Total Liab	0.84	0.92	0.67	0.93	-0.21	0.85	0.88	0.42	0.81	0.72	0.19	0.81	0.81	-0.07	0.99	0.71	0.08	-0.38		0.92	0.04	0.19	0.85	-0.06	-0.22	0.48
Total Current Assets	0.95	0.83	0.62	0.94	0.06	0.86	0.74	0.4	0.84	0.81	0.12	0.84	0.85	0.13	0.89	0.81	0.11	-0.18	0.92		0.08	0.27	0.83	0.18	-0.11	0.49
Short Term Debt	0.19	0.41	0.36	0.0	0.22	-0.34	-0.39	0.28	-0.26	-0.41	-0.91	-0.26	-0.38	0.05	-0.12	-0.36	0.99	-0.04	0.04	0.08		-0.34	-0.35	0.09	-0.02	-0.57
Intangible Assets	0.37	-0.01	-0.2	0.23	0.57	0.35	0.26	-0.53	0.2	0.59	0.22	0.2	0.39	0.71	0.23	0.62	-0.31	0.72	0.19	0.27	-0.34		0.16	0.62	0.36	0.2
Accounts Payable	0.72	0.62	0.46	0.87	-0.26	0.93	0.89	0.39	0.8	0.83	0.53	0.8	0.95	-0.14	0.89	0.83	-0.3	-0.39	0.85	0.83	-0.35	0.16		-0.08	-0.14	0.69
Common Stock	0.31	-0.11	-0.34	0.09	0.65	-0.04	-0.2	-0.64	-0.09	0.27	-0.19	-0.09	0.14	0.86	-0.1	0.42	0.11	0.82	-0.06	0.18	0.09	0.62	-0.08		0.51	-0.39
Current Deferred Revenue	0.0	-0.27	-0.73	-0.12	0.28	-0.25	-0.24	-0.41	-0.25	0.05	-0.21	-0.25	-0.11	0.22	-0.23	0.2	-0.03	0.42	-0.22	-0.11	-0.02	0.36	-0.14	0.51		-0.24
Good Will	0.42	0.23	0.36	0.47	-0.1	0.8	0.65	0.52	0.67	0.72	0.59	0.67	0.68	-0.3	0.57	0.54	-0.54	-0.35	0.48	0.49	-0.57	0.2	0.69	-0.39	-0.24

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Zurn Elkay Account Relationship Matchups

Zurn Elkay fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Short Long Term Debt Total	1.4B	2.4B	539.5M	570.1M	543.2M	904.1M
Non Currrent Assets Other	82.6M	(532.8M)	105.3M	(85.4M)	20.8M	11.4M
Other Assets	76.8M	2.0B	91.2M	93.4M	107.4M	102.0M
Long Term Debt	1.4B	1.1B	533.9M	529.8M	473.6M	824.7M
Long Term Debt Total	1.4B	1.2B	533.9M	530.2M	477.2M	896.6M
Capital Surpluse	1.3B	1.4B	1.4B	2.9B	3.3B	1.7B
Cash And Equivalents	573.4M	255.6M	96.6M	124.8M	112.3M	106.7M
Property Plant Equipment	449.9M	506.1M	78.5M	226.4M	203.8M	279.0M
Other Liab	397.8M	395M	168.1M	395.3M	355.8M	286.4M
Net Tangible Assets	(525.1M)	(458.4M)	(306.8M)	(171.7M)	(197.5M)	(207.3M)
Net Invested Capital	2.5B	2.8B	665.9M	2.2B	2.1B	1.7B
Short Long Term Debt	1.2M	76.4M	5.6M	5.5M	6.3M	6.0M
Non Current Liabilities Other	111M	150.3M	41.7M	44.4M	65M	65.5M
Net Working Capital	585.9M	808.8M	234.4M	468.2M	446.9M	411.7M

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