Assurant Non Current Assets Total vs Property Plant Equipment Analysis

AIZ Stock  USD 175.60  0.12  0.07%   
Assurant financial indicator trend analysis is way more than just evaluating Assurant prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Assurant is a good investment. Please check the relationship between Assurant Non Current Assets Total and its Property Plant Equipment accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Assurant. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Assurant Stock please use our How to Invest in Assurant guide.

Non Current Assets Total vs Property Plant Equipment

Non Current Assets Total vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Assurant Non Current Assets Total account and Property Plant Equipment. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Assurant's Non Current Assets Total and Property Plant Equipment is -0.45. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Assurant, assuming nothing else is changed. The correlation between historical values of Assurant's Non Current Assets Total and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Assurant are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Non Current Assets Total i.e., Assurant's Non Current Assets Total and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

-0.45
Relationship DirectionNegative 
Relationship StrengthVery Weak

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Property Plant Equipment

Most indicators from Assurant's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Assurant 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Assurant. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Assurant Stock please use our How to Invest in Assurant guide.At this time, Assurant's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.30 in 2024, whereas Tax Provision is likely to drop slightly above 121.7 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit10.2B10.2B11.1B9.3B
Total Revenue10.2B10.2B11.1B9.3B

Assurant fundamental ratios Correlations

0.7-0.36-0.61-0.251.0-0.390.150.690.570.70.820.60.52-0.260.49-0.090.380.63-0.030.460.10.1-0.090.570.65
0.7-0.49-0.27-0.260.64-0.24-0.110.740.430.750.470.20.48-0.560.10.030.170.30.090.17-0.390.11-0.220.530.16
-0.36-0.490.450.75-0.33-0.29-0.11-0.6-0.1-0.34-0.040.22-0.530.640.13-0.390.020.16-0.520.10.49-0.68-0.43-0.54-0.29
-0.61-0.270.450.57-0.630.150.22-0.7-0.13-0.53-0.55-0.42-0.40.480.050.17-0.58-0.41-0.02-0.69-0.07-0.25-0.26-0.43-0.78
-0.25-0.260.750.57-0.24-0.43-0.06-0.640.03-0.20.080.34-0.710.730.35-0.480.20.31-0.640.070.57-0.69-0.57-0.71-0.45
1.00.64-0.33-0.63-0.24-0.390.170.660.560.670.830.630.5-0.210.52-0.10.390.64-0.040.480.150.1-0.070.550.68
-0.39-0.24-0.290.15-0.43-0.390.08-0.08-0.61-0.57-0.64-0.740.25-0.32-0.070.82-0.65-0.730.84-0.67-0.290.810.830.18-0.11
0.15-0.11-0.110.22-0.060.170.08-0.250.3-0.2-0.04-0.020.010.290.390.24-0.43-0.140.25-0.29-0.080.220.18-0.010.06
0.690.74-0.6-0.7-0.640.66-0.08-0.250.230.740.550.280.63-0.72-0.040.040.270.360.20.42-0.260.330.040.680.41
0.570.43-0.1-0.130.030.56-0.610.30.230.540.570.460.280.120.17-0.480.170.49-0.110.27-0.03-0.22-0.380.320.31
0.70.75-0.34-0.53-0.20.67-0.57-0.20.740.540.770.520.33-0.41-0.02-0.380.480.67-0.250.57-0.21-0.18-0.420.410.29
0.820.47-0.04-0.550.080.83-0.64-0.040.550.570.770.890.220.050.49-0.510.550.95-0.370.730.4-0.2-0.410.280.49
0.60.20.22-0.420.340.63-0.74-0.020.280.460.520.89-0.120.340.51-0.710.630.95-0.610.830.64-0.4-0.52-0.060.36
0.520.48-0.53-0.4-0.710.50.250.010.630.280.330.22-0.12-0.470.070.43-0.32-0.020.56-0.16-0.40.540.321.00.61
-0.26-0.560.640.480.73-0.21-0.320.29-0.720.12-0.410.050.34-0.470.48-0.36-0.090.25-0.47-0.040.63-0.45-0.36-0.49-0.15
0.490.10.130.050.350.52-0.070.39-0.040.17-0.020.490.510.070.480.07-0.040.48-0.030.030.610.12-0.010.060.24
-0.090.03-0.390.17-0.48-0.10.820.240.04-0.48-0.38-0.51-0.710.43-0.360.07-0.67-0.680.72-0.75-0.440.690.660.38-0.02
0.380.170.02-0.580.20.39-0.65-0.430.270.170.480.550.63-0.32-0.09-0.04-0.670.61-0.630.830.44-0.45-0.33-0.260.26
0.630.30.16-0.410.310.64-0.73-0.140.360.490.670.950.95-0.020.250.48-0.680.61-0.560.770.55-0.39-0.560.050.32
-0.030.09-0.52-0.02-0.64-0.040.840.250.2-0.11-0.25-0.37-0.610.56-0.47-0.030.72-0.63-0.56-0.58-0.450.90.80.520.12
0.460.170.1-0.690.070.48-0.67-0.290.420.270.570.730.83-0.16-0.040.03-0.750.830.77-0.580.43-0.38-0.37-0.10.4
0.1-0.390.49-0.070.570.15-0.29-0.08-0.26-0.03-0.210.40.64-0.40.630.61-0.440.440.55-0.450.43-0.26-0.18-0.410.14
0.10.11-0.68-0.25-0.690.10.810.220.33-0.22-0.18-0.2-0.40.54-0.450.120.69-0.45-0.390.9-0.38-0.260.840.50.28
-0.09-0.22-0.43-0.26-0.57-0.070.830.180.04-0.38-0.42-0.41-0.520.32-0.36-0.010.66-0.33-0.560.8-0.37-0.180.840.270.34
0.570.53-0.54-0.43-0.710.550.18-0.010.680.320.410.28-0.061.0-0.490.060.38-0.260.050.52-0.1-0.410.50.270.61
0.650.16-0.29-0.78-0.450.68-0.110.060.410.310.290.490.360.61-0.150.24-0.020.260.320.120.40.140.280.340.61
Click cells to compare fundamentals

Assurant Account Relationship Matchups

Assurant fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets44.3B44.6B33.9B33.1B33.6B32.7B
Total Stockholder Equity5.7B6.0B5.5B4.2B4.8B4.8B
Other Assets13.3B10.4B6.6B19.0B19.0B12.0B
Common Stock Shares Outstanding62.3M63.2M60.1M54.8M53.8M72.7M
Liabilities And Stockholders Equity44.3B44.6B33.9B33.1B33.6B32.7B
Total Liab38.6B38.7B28.4B28.9B28.8B27.9B
Other Current Liab(4.0B)(16.9B)(4.5B)(4.2B)(2.4B)(2.3B)
Other Liab11.9B14.9B2.0B620M713M677.4M
Retained Earnings5.2B5.2B5.6B5.2B4.0B3.7B
Accounts Payable4.0B16.9B4.5B4.2B2.4B3.5B
Cash1.9B2.2B2.0B1.5B1.6B1.3B
Long Term Debt2.3B2.6B2.2B2.1B2.1B1.5B
Good Will2.3B2.6B2.6B2.6B2.6B1.4B
Short Term Investments12.7B13.8B7.5B6.4B2.1B2.0B
Intangible Assets2.0B1.2B583.4M262.8M651M728.2M
Property Plant Equipment433.7M493.3M561.4M645.1M741.9M779.0M
Short Long Term Debt Total2.0B2.3B2.2B2.1B2.1B1.6B
Total Current Liabilities4.0B16.9B4.5B4.2B2.4B2.3B
Property Plant And Equipment Net433.7M493.3M561.4M645.1M685.8M389.0M
Net Debt139.8M24.3M161.7M593.2M453M475.7M
Non Current Assets Total6.8B8.4B11.6B3.9B3.9B4.1B
Non Currrent Assets Other(6.8B)(8.4B)(11.6B)(6.3B)(1.3B)(1.4B)
Cash And Short Term Investments14.6B16.0B9.5B8.0B3.7B3.5B
Net Receivables9.6B9.8B6.2B7.0B8.9B5.7B
Non Current Liabilities Total2.0B2.3B2.2B4.2B2.1B1.7B
Other Current Assets(22.3B)4.1B3.9B(4.6B)4.4B4.2B
Property Plant And Equipment Gross347M392M433M190M218.5M319.6M
Total Current Assets24.2B25.9B15.7B10.2B10.8B10.3B
Accumulated Other Comprehensive Income411.5M709.8M(150M)(986.2M)(765M)(726.8M)
Treasury Stock(5.0B)(5.3B)(267.4M)(122.8M)(110.5M)(116.0M)
Short Term Debt102.4M50M2.2B224.7M202.2M192.1M
Noncontrolling Interest In Consolidated Entity10.9M21.9M29.3M3.4M3.9M6.0M
Retained Earnings Total Equity6.0B3.5B4.1B3.7B4.3B4.4B
Inventory22.3B(4.1B)(3.9B)(155.5M)(6.2B)(5.9B)
Net Tangible Assets2.8B2.7B2.9B986.8M888.1M843.7M

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When determining whether Assurant offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Assurant's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Assurant Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Assurant Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Assurant. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Assurant Stock please use our How to Invest in Assurant guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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Is Assurant's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Assurant. If investors know Assurant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Assurant listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.108
Dividend Share
2.84
Earnings Share
14.29
Revenue Per Share
213.641
Quarterly Revenue Growth
0.09
The market value of Assurant is measured differently than its book value, which is the value of Assurant that is recorded on the company's balance sheet. Investors also form their own opinion of Assurant's value that differs from its market value or its book value, called intrinsic value, which is Assurant's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Assurant's market value can be influenced by many factors that don't directly affect Assurant's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Assurant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Assurant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Assurant's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.