Zurn Common Stock vs Net Debt Analysis

ZWS Stock

USD 31.95 0.21 0.66%

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 Common Stock and its Net Debt 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 tightly coupled with the direction of predictive economic indicators such as signals in housing.

Common Stock vs Net Debt

Common Stock vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zurn Elkay Water Common Stock account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Zurn Elkay's Common Stock and Net Debt is -0.24. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Debt 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 Common Stock 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 Common Stock of Zurn Elkay Water 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 Common Stock i.e., Zurn Elkay's Common Stock and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.24

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Common Stock

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 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 tightly coupled 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 19.11 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	84.5M	54.1M

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		0.63	0.65	0.86	0.28	0.79	0.59	0.38	0.67	0.81	-0.09	0.67	0.79	0.27	0.78	0.8	0.24	-0.06	0.84	0.95	0.19	0.37	0.72	0.27	-0.23	0.42
Short Long Term Debt Total	0.63		0.48	0.83	-0.37	0.9	0.99	0.26	0.87	0.78	0.55	0.87	0.86	-0.14	0.96	0.75	-0.35	-0.39	0.9	0.78	-0.38	0.28	0.9	-0.19	-0.38	0.67
Other Current Liab	0.65	0.48		0.68	-0.09	0.56	0.47	0.61	0.48	0.31	-0.17	0.48	0.49	-0.05	0.64	0.25	0.46	-0.41	0.72	0.68	0.43	-0.22	0.51	-0.2	-0.59	0.2
Total Current Liabilities	0.86	0.83	0.68		-0.09	0.87	0.81	0.34	0.8	0.77	0.19	0.8	0.88	0.07	0.9	0.79	0.01	-0.29	0.93	0.94	0.0	0.23	0.87	0.03	-0.41	0.47
Total Stockholder Equity	0.28	-0.37	-0.09	-0.09		-0.07	-0.42	-0.21	-0.19	0.18	-0.33	-0.19	-0.02	0.78	-0.27	0.17	0.26	0.8	-0.21	0.06	0.22	0.57	-0.26	0.63	0.63	-0.1
Property Plant And Equipment Net	0.79	0.9	0.56	0.87	-0.07		0.88	0.43	0.83	0.9	0.45	0.83	0.96	-0.02	0.9	0.84	-0.28	-0.28	0.86	0.86	-0.33	0.32	0.94	-0.11	-0.39	0.8
Net Debt	0.59	0.99	0.47	0.81	-0.42	0.88		0.26	0.8	0.74	0.54	0.8	0.84	-0.18	0.95	0.72	-0.35	-0.42	0.89	0.74	-0.38	0.25	0.89	-0.24	-0.4	0.65
Retained Earnings	0.38	0.26	0.61	0.34	-0.21	0.43	0.26		0.35	0.15	-0.23	0.35	0.26	-0.6	0.37	0.01	0.3	-0.73	0.42	0.4	0.29	-0.53	0.39	-0.64	-0.79	0.52
Cash	0.67	0.87	0.48	0.8	-0.19	0.83	0.8	0.35		0.74	0.42	1.0	0.78	-0.06	0.85	0.68	-0.26	-0.32	0.81	0.84	-0.26	0.2	0.8	-0.12	-0.39	0.67
Non Current Assets Total	0.81	0.78	0.31	0.77	0.18	0.9	0.74	0.15	0.74		0.45	0.74	0.93	0.24	0.76	0.96	-0.36	0.03	0.72	0.81	-0.41	0.59	0.83	0.26	-0.07	0.72
Non Currrent Assets Other	-0.09	0.55	-0.17	0.19	-0.33	0.45	0.54	-0.23	0.42	0.45		0.42	0.48	-0.07	0.29	0.39	-0.92	-0.04	0.15	0.08	-0.92	0.29	0.46	-0.11	0.0	0.56
Cash And Short Term Investments	0.67	0.87	0.48	0.8	-0.19	0.83	0.8	0.35	1.0	0.74	0.42		0.78	-0.05	0.85	0.68	-0.26	-0.31	0.81	0.84	-0.26	0.21	0.8	-0.11	-0.39	0.67
Net Receivables	0.79	0.86	0.49	0.88	-0.02	0.96	0.84	0.26	0.78	0.93	0.48	0.78		0.12	0.84	0.92	-0.33	-0.18	0.81	0.85	-0.37	0.37	0.95	0.08	-0.32	0.69
Common Stock Shares Outstanding	0.27	-0.14	-0.05	0.07	0.78	-0.02	-0.18	-0.6	-0.06	0.24	-0.07	-0.05	0.12		-0.09	0.35	0.09	0.9	-0.05	0.15	0.05	0.71	-0.12	0.84	0.7	-0.3
Non Current Liabilities Total	0.78	0.96	0.64	0.9	-0.27	0.9	0.95	0.37	0.85	0.76	0.29	0.85	0.84	-0.09		0.75	-0.08	-0.4	0.99	0.89	-0.12	0.23	0.89	-0.14	-0.43	0.57
Inventory	0.8	0.75	0.25	0.79	0.17	0.84	0.72	0.01	0.68	0.96	0.39	0.68	0.92	0.35	0.75		-0.31	0.1	0.71	0.81	-0.36	0.62	0.83	0.38	-0.03	0.54
Other Current Assets	0.24	-0.35	0.46	0.01	0.26	-0.28	-0.35	0.3	-0.26	-0.36	-0.92	-0.26	-0.33	0.09	-0.08	-0.31		-0.03	0.08	0.11	0.99	-0.31	-0.3	0.08	-0.12	-0.54
Other Stockholder Equity	-0.06	-0.39	-0.41	-0.29	0.8	-0.28	-0.42	-0.73	-0.32	0.03	-0.04	-0.31	-0.18	0.9	-0.4	0.1	-0.03		-0.39	-0.21	-0.06	0.73	-0.42	0.78	0.92	-0.35
Total Liab	0.84	0.9	0.72	0.93	-0.21	0.86	0.89	0.42	0.81	0.72	0.15	0.81	0.81	-0.05	0.99	0.71	0.08	-0.39		0.92	0.04	0.19	0.85	-0.11	-0.45	0.48
Total Current Assets	0.95	0.78	0.68	0.94	0.06	0.86	0.74	0.4	0.84	0.81	0.08	0.84	0.85	0.15	0.89	0.81	0.11	-0.21	0.92		0.08	0.27	0.83	0.13	-0.37	0.49
Short Term Debt	0.19	-0.38	0.43	0.0	0.22	-0.33	-0.38	0.29	-0.26	-0.41	-0.92	-0.26	-0.37	0.05	-0.12	-0.36	0.99	-0.06	0.04	0.08		-0.34	-0.34	0.06	-0.13	-0.57
Intangible Assets	0.37	0.28	-0.22	0.23	0.57	0.32	0.25	-0.53	0.2	0.59	0.29	0.21	0.37	0.71	0.23	0.62	-0.31	0.73	0.19	0.27	-0.34		0.16	0.62	0.74	0.2
Accounts Payable	0.72	0.9	0.51	0.87	-0.26	0.94	0.89	0.39	0.8	0.83	0.46	0.8	0.95	-0.12	0.89	0.83	-0.3	-0.42	0.85	0.83	-0.34	0.16		-0.13	-0.53	0.69
Common Stock	0.27	-0.19	-0.2	0.03	0.63	-0.11	-0.24	-0.64	-0.12	0.26	-0.11	-0.11	0.08	0.84	-0.14	0.38	0.08	0.78	-0.11	0.13	0.06	0.62	-0.13		0.64	-0.38
Current Deferred Revenue	-0.23	-0.38	-0.59	-0.41	0.63	-0.39	-0.4	-0.79	-0.39	-0.07	0.0	-0.39	-0.32	0.7	-0.43	-0.03	-0.12	0.92	-0.45	-0.37	-0.13	0.74	-0.53	0.64		-0.34
Good Will	0.42	0.67	0.2	0.47	-0.1	0.8	0.65	0.52	0.67	0.72	0.56	0.67	0.69	-0.3	0.57	0.54	-0.54	-0.35	0.48	0.49	-0.57	0.2	0.69	-0.38	-0.34

Click cells to compare fundamentals

Zurn Elkay Account Relationship Matchups

Zurn Elkay fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Non Currrent Assets Other	82.6M	(532.8M)	105.3M	(85.4M)	70.5M	74.0M
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

Pair Trading with Zurn Elkay

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Zurn Elkay position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Zurn Elkay will appreciate offsetting losses from the drop in the long position's value.

Moving together with Zurn Stock

0.61

FSS

Federal Signal

Pair Corr

Moving against Zurn Stock

0.43

SPEC

Spectaire Holdings Symbol Change

Pair Corr

The ability to find closely correlated positions to Zurn Elkay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zurn Elkay when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zurn Elkay - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zurn Elkay Water to buy it.

The correlation of Zurn Elkay is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zurn Elkay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zurn Elkay Water moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Zurn Elkay can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Zurn Elkay Water is a strong investment it is important to analyze Zurn Elkay's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Zurn Elkay's future performance. For an informed investment choice regarding Zurn Stock, refer to the following important reports:

How To Invest In Zurn

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Is Zurn Stock a good investment?

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What is Zurn Elkay's Net Worth?

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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 tightly coupled with the direction of predictive economic indicators such as signals in housing.

You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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

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Is Zurn Elkay'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 Zurn Elkay. If investors know Zurn 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 Zurn Elkay 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

0.483

Dividend Share

0.3

Earnings Share

0.65

Revenue Per Share

8.836

Quarterly Revenue Growth

0.005

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

Common Stock vs Net Debt

Common Stock vs Net Debt Correlation Analysis

Correlation Coefficient

Common Stock

Net Debt

Zurn Elkay fundamental ratios Correlations

Zurn Elkay Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zurn Elkay fundamental ratios Accounts

Pair Trading with Zurn Elkay

Moving together with Zurn Stock

Moving against Zurn Stock

Complementary Tools for Zurn Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Non Current Liabilities Total
Short Term Debt	+ 0.99	Other Current Assets
Non Current Liabilities Total	+ 0.96	Short Long Term Debt Total
Net Receivables	+ 0.96	Property Plant And Equipment Net

Short Term Debt	- 0.92	Non Currrent Assets Other
Other Current Assets	- 0.92	Non Currrent Assets Other
Current Deferred Revenue	- 0.79	Retained Earnings
Other Stockholder Equity	- 0.73	Retained Earnings
Common Stock	- 0.64	Retained Earnings
Common Stock Shares Outstanding	- 0.6	Retained Earnings