Selective Net Debt vs Accounts Payable Analysis

SIGI Stock

USD 99.00 0.92 0.92%

Selective Insurance financial indicator trend analysis is much more than just breaking down Selective Insurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Selective Insurance is a good investment. Please check the relationship between Selective Insurance Net Debt and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Selective Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Net Debt vs Accounts Payable

Net Debt vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Selective Insurance Net Debt account and Accounts Payable. At this time, the significance of the direction appears to have very week relationship.

The correlation between Selective Insurance's Net Debt and Accounts Payable is 0.26. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Selective Insurance Group, assuming nothing else is changed. The correlation between historical values of Selective Insurance's Net Debt and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Selective Insurance Group are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Debt i.e., Selective Insurance's Net Debt and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

Accounts Payable

An accounting item on the balance sheet that represents Selective Insurance obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Selective Insurance are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from Selective Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Selective Insurance 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Selective Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

As of now, Selective Insurance's Enterprise Value Over EBITDA is increasing as compared to previous years. The Selective Insurance's current Enterprise Value Multiple is estimated to increase to 168.78, while Discontinued Operations is projected to decrease to (3.6 M).

	2021	2022	2023	2024 (projected)
Total Revenue	3.4B	38K	4.2B	4.4B
Interest Expense	29.2M	28.8M	28.8M	16.9M

Total Revenue Interest Expense

Selective Insurance fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Cash	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Short Term Investments	Inventory
Total Assets		0.64	0.96	0.64	0.98	0.06	0.91	0.27	-0.01	0.42	-0.05	0.06	0.85	0.29	-0.37	0.87	0.83	0.42	-0.16	0.86	-0.31	0.31	-0.77	0.71	0.31	-0.81
Short Long Term Debt Total	0.64		0.67	1.0	0.62	-0.42	0.75	0.27	-0.13	-0.09	0.14	0.21	0.92	0.6	0.09	0.51	0.92	0.68	-0.05	0.57	-0.23	0.75	-0.56	0.76	0.75	-0.35
Total Stockholder Equity	0.96	0.67		0.67	0.98	-0.12	0.93	0.21	0.18	0.21	-0.09	-0.02	0.84	0.45	-0.19	0.76	0.82	0.55	-0.2	0.9	-0.32	0.32	-0.62	0.57	0.32	-0.84
Net Debt	0.64	1.0	0.67		0.62	-0.42	0.75	0.28	-0.12	-0.1	0.14	0.21	0.91	0.6	0.1	0.51	0.92	0.69	-0.05	0.58	-0.28	0.75	-0.55	0.75	0.75	-0.35
Retained Earnings	0.98	0.62	0.98	0.62		0.02	0.93	0.31	0.15	0.39	-0.07	0.08	0.83	0.31	-0.34	0.81	0.81	0.46	-0.19	0.92	-0.32	0.25	-0.65	0.6	0.25	-0.89
Other Assets	0.06	-0.42	-0.12	-0.42	0.02		-0.15	-0.25	-0.22	0.77	-0.02	0.05	-0.2	-0.9	-0.9	0.18	-0.16	-0.85	0.2	-0.05	0.1	-0.58	-0.16	0.06	-0.58	-0.07
Common Stock Shares Outstanding	0.91	0.75	0.93	0.75	0.93	-0.15		0.36	0.2	0.26	0.16	0.13	0.9	0.44	-0.17	0.76	0.88	0.57	-0.2	0.94	-0.3	0.49	-0.59	0.58	0.49	-0.76
Non Current Liabilities Total	0.27	0.27	0.21	0.28	0.31	-0.25	0.36		0.12	0.35	0.21	0.69	0.33	0.12	-0.06	0.27	0.25	0.51	-0.16	0.32	-0.15	0.37	-0.14	0.17	0.37	-0.34
Other Stockholder Equity	-0.01	-0.13	0.18	-0.12	0.15	-0.22	0.2	0.12		-0.21	-0.13	0.01	-0.05	0.14	0.2	-0.09	-0.06	0.23	-0.34	0.38	-0.07	-0.22	0.64	-0.61	-0.22	-0.47
Total Liab	0.42	-0.09	0.21	-0.1	0.39	0.77	0.26	0.35	-0.21		0.19	0.29	0.17	-0.63	-0.88	0.51	0.18	-0.42	0.04	0.31	-0.07	-0.27	-0.45	0.36	-0.27	-0.4
Other Current Liab	-0.05	0.14	-0.09	0.14	-0.07	-0.02	0.16	0.21	-0.13	0.19		0.02	0.08	0.03	0.04	0.0	0.1	-0.04	0.26	0.11	-0.15	0.26	-0.11	0.14	0.26	0.22
Total Current Liabilities	0.06	0.21	-0.02	0.21	0.08	0.05	0.13	0.69	0.01	0.29	0.02		0.21	-0.27	-0.33	0.09	0.13	0.18	0.09	0.08	-0.05	0.36	-0.04	0.09	0.36	-0.04
Property Plant And Equipment Net	0.85	0.92	0.84	0.91	0.83	-0.2	0.9	0.33	-0.05	0.17	0.08	0.21		0.46	-0.15	0.71	0.99	0.6	-0.16	0.79	-0.23	0.64	-0.67	0.78	0.64	-0.58
Non Current Assets Total	0.29	0.6	0.45	0.6	0.31	-0.9	0.44	0.12	0.14	-0.63	0.03	-0.27	0.46		0.78	0.12	0.43	0.87	-0.23	0.32	-0.2	0.59	-0.16	0.21	0.59	-0.18
Non Currrent Assets Other	-0.37	0.09	-0.19	0.1	-0.34	-0.9	-0.17	-0.06	0.2	-0.88	0.04	-0.33	-0.15	0.78		-0.44	-0.17	0.56	-0.16	-0.24	0.0	0.31	0.38	-0.31	0.32	0.32
Net Receivables	0.87	0.51	0.76	0.51	0.81	0.18	0.76	0.27	-0.09	0.51	0.0	0.09	0.71	0.12	-0.44		0.7	0.27	-0.25	0.69	-0.27	0.35	-0.7	0.64	0.35	-0.66
Property Plant And Equipment Gross	0.83	0.92	0.82	0.92	0.81	-0.16	0.88	0.25	-0.06	0.18	0.1	0.13	0.99	0.43	-0.17	0.7		0.54	-0.16	0.77	-0.22	0.58	-0.66	0.81	0.58	-0.57
Total Current Assets	0.42	0.68	0.55	0.69	0.46	-0.85	0.57	0.51	0.23	-0.42	-0.04	0.18	0.6	0.87	0.56	0.27	0.54		-0.26	0.47	-0.24	0.7	-0.19	0.25	0.7	-0.36
Short Term Debt	-0.16	-0.05	-0.2	-0.05	-0.19	0.2	-0.2	-0.16	-0.34	0.04	0.26	0.09	-0.16	-0.23	-0.16	-0.25	-0.16	-0.26		-0.21	-0.1	-0.06	-0.12	0.11	-0.06	0.35
Intangible Assets	0.86	0.57	0.9	0.58	0.92	-0.05	0.94	0.32	0.38	0.31	0.11	0.08	0.79	0.32	-0.24	0.69	0.77	0.47	-0.21		-0.43	0.26	-0.43	0.4	0.26	-0.85
Cash	-0.31	-0.23	-0.32	-0.28	-0.32	0.1	-0.3	-0.15	-0.07	-0.07	-0.15	-0.05	-0.23	-0.2	0.0	-0.27	-0.22	-0.24	-0.1	-0.43		-0.08	0.19	-0.18	-0.08	0.28
Cash And Short Term Investments	0.31	0.75	0.32	0.75	0.25	-0.58	0.49	0.37	-0.22	-0.27	0.26	0.36	0.64	0.59	0.31	0.35	0.58	0.7	-0.06	0.26	-0.08		-0.4	0.48	1.0	0.08
Good Will	-0.77	-0.56	-0.62	-0.55	-0.65	-0.16	-0.59	-0.14	0.64	-0.45	-0.11	-0.04	-0.67	-0.16	0.38	-0.7	-0.66	-0.19	-0.12	-0.43	0.19	-0.4		-0.9	-0.4	0.31
Common Stock Total Equity	0.71	0.76	0.57	0.75	0.6	0.06	0.58	0.17	-0.61	0.36	0.14	0.09	0.78	0.21	-0.31	0.64	0.81	0.25	0.11	0.4	-0.18	0.48	-0.9		0.48	-0.27
Short Term Investments	0.31	0.75	0.32	0.75	0.25	-0.58	0.49	0.37	-0.22	-0.27	0.26	0.36	0.64	0.59	0.32	0.35	0.58	0.7	-0.06	0.26	-0.08	1.0	-0.4	0.48		0.08
Inventory	-0.81	-0.35	-0.84	-0.35	-0.89	-0.07	-0.76	-0.34	-0.47	-0.4	0.22	-0.04	-0.58	-0.18	0.32	-0.66	-0.57	-0.36	0.35	-0.85	0.28	0.08	0.31	-0.27	0.08

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Selective Insurance Account Relationship Matchups

Selective Insurance fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.8B	9.7B	10.5B	10.8B	11.8B	12.4B
Short Long Term Debt Total	550.6M	550.7M	506M	504.7M	503.9M	283.8M
Total Stockholder Equity	2.2B	2.7B	3.0B	2.5B	3.0B	3.1B
Retained Earnings	2.1B	2.3B	2.6B	2.7B	3.0B	3.2B
Other Assets	(5.6B)	(5.9B)	(5.9B)	2.8B	11.4B	11.9B
Common Stock Shares Outstanding	60.0M	60.3M	60.7M	60.9M	61.0M	61.1M
Liabilities And Stockholders Equity	8.8B	9.7B	10.5B	10.8B	11.8B	12.4B
Non Current Liabilities Total	550.6M	577.8M	519.4M	8.2B	533.6M	728.2M
Other Stockholder Equity	(174.3M)	(160.9M)	(144.6M)	(133.8M)	(112.5M)	(118.1M)
Total Liab	550.6M	577.8M	519.4M	8.3B	8.8B	9.3B
Other Current Liab	(42.6M)	(47.7M)	(2.4M)	(169.2M)	(1.6M)	(1.5M)
Total Current Liabilities	16.1M	11.0M	7.2M	59.8M	9.0M	8.6M
Property Plant And Equipment Net	77.4M	77.7M	82.1M	84.3M	83.3M	61.2M
Non Current Assets Total	6.6B	7.3B	7.6B	264.9M	11.1M	10.6M
Non Currrent Assets Other	(4.9M)	(2.2M)	(4.5M)	(7.2B)	(8.1B)	(7.7B)
Net Receivables	1.4B	1.5B	1.6B	1.9B	2.0B	2.1B
Property Plant And Equipment Gross	64.0M	65.2M	77.4M	77.7M	89.4M	58.4M
Total Current Assets	7.8B	8.3B	8.8B	7.7B	421.3M	400.2M
Short Term Debt	58.7M	58.7M	9.6M	56.3M	10.6M	10.1M
Intangible Assets	271.2M	288.6M	326.9M	368.6M	424.9M	446.1M
Cash And Short Term Investments	6.4B	6.9B	7.2B	7.1B	820.6M	779.6M
Common Stock Total Equity	207.0M	208.1M	208.9M	209.7M	241.1M	168.6M
Short Term Investments	6.4B	6.9B	7.2B	7.1B	820.4M	779.4M
Other Current Assets	1.6B	1.7B	2.0B	1.9B	2.2B	1.6B
Accumulated Other Comprehensive Income	81.8M	220.2M	115.1M	(498M)	(373.0M)	(354.4M)
Common Stock	207M	208.1M	208.9M	209.7M	210.4M	170.8M
Other Liab	304.0M	390.7M	467.2M	472.7M	543.6M	290.5M
Long Term Debt	550.6M	550.7M	500.6M	501M	501.3M	389.5M
Treasury Stock	(592.8M)	(599.9M)	(608.9M)	(627.3M)	(564.6M)	(592.8M)
Property Plant Equipment	77.4M	77.7M	82.1M	84.3M	97.0M	65.6M
Accounts Payable	129.7M	128.9M	4.6B	115.2M	132.5M	125.8M
Net Tangible Assets	2.2B	2.5B	2.8B	2.3B	2.7B	1.9B
Retained Earnings Total Equity	2.1B	2.3B	2.6B	2.7B	3.2B	1.8B
Long Term Debt Total	550.6M	550.7M	506.1M	504.7M	580.4M	472.9M
Capital Surpluse	418.5M	439.0M	464.3M	493.5M	567.5M	399.3M

Selective Insurance Investors Sentiment

The influence of Selective Insurance's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Selective. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Selective Insurance's public news can be used to forecast risks associated with an investment in Selective. The trend in average sentiment can be used to explain how an investor holding Selective can time the market purely based on public headlines and social activities around Selective Insurance Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Selective Insurance's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Selective Insurance's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Selective Insurance's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Selective Insurance.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Selective Insurance in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Selective Insurance's short interest history, or implied volatility extrapolated from Selective Insurance options trading.

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When determining whether Selective Insurance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Selective Insurance'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 Selective Insurance Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Selective Insurance Group Stock:

How To Invest In Selective

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Is Selective Stock a good investment?

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What is Selective Insurance's Net Worth?

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Largest Insurance - Property & Casualty Companies

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Largest Financial Services Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Selective Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Note that the Selective Insurance information on this page should be used as a complementary analysis to other Selective Insurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

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When running Selective Insurance's price analysis, check to measure Selective Insurance'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 Selective Insurance is operating at the current time. Most of Selective Insurance's value examination focuses on studying past and present price action to predict the probability of Selective Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Selective Insurance's price. Additionally, you may evaluate how the addition of Selective Insurance to your portfolios can decrease your overall portfolio volatility.

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Is Selective Insurance'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 Selective Insurance. If investors know Selective 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 Selective Insurance 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

(0.12)

Dividend Share

1.3

Earnings Share

5.67

Revenue Per Share

72.438

Quarterly Revenue Growth

0.165

The market value of Selective Insurance is measured differently than its book value, which is the value of Selective that is recorded on the company's balance sheet. Investors also form their own opinion of Selective Insurance's value that differs from its market value or its book value, called intrinsic value, which is Selective Insurance'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 Selective Insurance's market value can be influenced by many factors that don't directly affect Selective Insurance'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 Selective Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Selective Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Selective Insurance'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.

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Selective Net Debt vs Accounts Payable Analysis

Net Debt vs Accounts Payable

Net Debt vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Debt

Accounts Payable

Selective Insurance fundamental ratios Correlations

Selective Insurance Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Selective Insurance fundamental ratios Accounts

Selective Insurance Investors Sentiment

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Complementary Tools for Selective Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Short Term Investments	+ 1.0	Cash And Short Term Investments
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Retained Earnings	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Stockholder Equity
Total Stockholder Equity	+ 0.96	Total Assets

Common Stock Total Equity	- 0.9	Good Will
Non Currrent Assets Other	- 0.9	Other Assets
Non Current Assets Total	- 0.9	Other Assets
Inventory	- 0.89	Retained Earnings
Non Currrent Assets Other	- 0.88	Total Liab
Inventory	- 0.85	Intangible Assets