Kirby Short Term Investments vs Other Current Liab Analysis
Kirby financial indicator trend analysis is infinitely more than just investigating Kirby recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kirby is a good investment. Please check the relationship between Kirby Short Term Investments and its Other Current Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Short Term Investments vs Other Current Liab
Short Term Investments vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kirby Short Term Investments account and Other Current Liab. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Kirby's Short Term Investments and Other Current Liab is -0.66. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Kirby, assuming nothing else is changed. The correlation between historical values of Kirby's Short Term Investments and Other Current Liab 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 Term Investments of Kirby are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Short Term Investments i.e., Kirby's Short Term Investments and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Kirby balance sheet. It contains any investments Kirby undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Kirby can easily liquidate in the marketplace.Other Current Liab
Most indicators from Kirby's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kirby 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 Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At this time, Kirby's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 74.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 8.80 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 380.0M | 522.4M | 700.1M | 351.2M | Total Revenue | 2.2B | 2.8B | 3.1B | 3.2B |
Kirby fundamental ratios Correlations
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Kirby Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kirby fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.1B | 5.9B | 5.4B | 5.6B | 5.7B | 6.0B | |
Short Long Term Debt Total | 1.5B | 1.7B | 1.4B | 1.3B | 1.2B | 1.2B | |
Other Current Liab | 237.0M | 225.3M | 236.1M | 205.1M | 230.4M | 242.0M | |
Total Current Liabilities | 514.1M | 466.0M | 543.8M | 642.2M | 675.8M | 709.6M | |
Total Stockholder Equity | 3.4B | 3.1B | 2.9B | 3.0B | 3.2B | 3.3B | |
Property Plant And Equipment Net | 3.9B | 4.1B | 3.8B | 3.8B | 4.0B | 4.2B | |
Net Debt | 1.5B | 1.6B | 1.3B | 1.2B | 1.2B | 1.2B | |
Retained Earnings | 2.9B | 2.6B | 2.3B | 2.5B | 2.7B | 2.8B | |
Cash | 24.7M | 80.3M | 34.8M | 80.6M | 32.6M | 23.7M | |
Non Current Assets Total | 5.2B | 4.9B | 4.4B | 4.3B | 4.6B | 4.8B | |
Non Currrent Assets Other | (530.0M) | (551.5M) | (526.2M) | (563.1M) | (607.1M) | (576.7M) | |
Cash And Short Term Investments | 24.7M | 80.3M | 34.8M | 80.6M | 32.6M | 34.4M | |
Net Receivables | 483.3M | 600.2M | 567.9M | 598.0M | 578.7M | 607.7M | |
Common Stock Shares Outstanding | 59.9M | 59.9M | 60.1M | 60.3M | 59.9M | 58.3M | |
Liabilities And Stockholders Equity | 6.1B | 5.9B | 5.4B | 5.6B | 5.7B | 6.0B | |
Non Current Liabilities Total | 2.2B | 2.4B | 2.0B | 1.9B | 1.9B | 2.0B | |
Inventory | 351.4M | 309.7M | 331.4M | 461.8M | 454.4M | 477.1M | |
Other Current Assets | 58.1M | 57.8M | 69.8M | 71.4M | 69.5M | 73.0M | |
Other Stockholder Equity | 536.9M | 549.1M | 561.8M | 553.0M | 452.2M | 256.3M | |
Total Liab | 2.7B | 2.8B | 2.5B | 2.5B | 2.5B | 2.7B | |
Total Current Assets | 917.6M | 1.0B | 1.0B | 1.2B | 1.1B | 1.2B | |
Short Term Debt | 27.3M | 32.8M | 35.8M | 39.7M | 41.4M | 43.5M | |
Intangible Assets | 210.7M | 69.0M | 60.1M | 51.5M | 42.9M | 40.8M | |
Other Assets | 58.2M | 232.4M | 48.0M | 62.8M | 72.2M | 73.2M | |
Accounts Payable | 206.8M | 162.5M | 199.1M | 278.1M | 269.4M | 282.8M | |
Current Deferred Revenue | 43.0M | 45.4M | 72.8M | 119.3M | 134.6M | 141.3M | |
Property Plant And Equipment Gross | 3.9B | 4.1B | 5.4B | 5.5B | 6.0B | 6.3B | |
Accumulated Other Comprehensive Income | (37.8M) | (61.5M) | (26.0M) | 16.9M | 35.0M | 36.8M | |
Other Liab | 684.2M | 738.5M | 645.4M | 649.1M | 746.5M | 783.8M | |
Long Term Debt | 1.4B | 1.5B | 1.2B | 1.1B | 1.0B | 728.5M | |
Treasury Stock | (302.0M) | (299.2M) | (295.2M) | (308.6M) | (277.7M) | (263.9M) | |
Property Plant Equipment | 3.8B | 3.9B | 3.7B | 3.8B | 4.4B | 4.6B | |
Net Tangible Assets | 2.2B | 2.4B | 2.3B | 2.6B | 2.9B | 2.0B | |
Noncontrolling Interest In Consolidated Entity | 3.0M | 3.2M | 2.5M | 2.3M | 2.1M | 3.6M | |
Retained Earnings Total Equity | 2.9B | 2.6B | 2.3B | 2.5B | 2.8B | 2.0B |
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Other Tools for Kirby Stock
When running Kirby's price analysis, check to measure Kirby's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kirby is operating at the current time. Most of Kirby's value examination focuses on studying past and present price action to predict the probability of Kirby's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kirby's price. Additionally, you may evaluate how the addition of Kirby to your portfolios can decrease your overall portfolio volatility.
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