Copart Long Term Debt vs Short Term Investments Analysis

CPRT Stock

USD 59.39 0.44 0.74%

Copart financial indicator trend analysis is way more than just evaluating Copart Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Copart Inc is a good investment. Please check the relationship between Copart Long Term Debt and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Copart Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Long Term Debt vs Short Term Investments

Long Term Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Copart Inc Long Term Debt account and Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Copart's Long Term Debt and Short Term Investments is -0.67. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Copart Inc, assuming nothing else is changed. The correlation between historical values of Copart's Long Term Debt 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 Long Term Debt of Copart Inc are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Long Term Debt i.e., Copart's Long Term Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.67

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Long Term Debt

Long-term debt is a debt that Copart Inc has held for over one year. Long-term debt appears on Copart Inc balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Copart Inc balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Short Term Investments

Short Term Investments is an item under the current assets section of Copart balance sheet. It contains any investments Copart Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Copart Inc can easily liquidate in the marketplace.

Most indicators from Copart's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Copart Inc 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 Copart Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Selling General Administrative is likely to gain to about 404.8 M in 2025. Tax Provision is likely to gain to about 425.3 M in 2025

	2022	2023	2024	2025 (projected)
Total Revenue	3.9B	4.2B	4.9B	5.1B
Interest Expense	65.9M	145.7M	167.5M	175.9M

Total Revenue Interest Expense

Copart 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Inventory	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		-0.47	0.98	0.98	1.0	0.98	-0.91	1.0	0.45	0.96	0.99	0.92	0.98	0.98	-0.12	-0.28	0.95	0.99	0.61	0.99	-0.17	0.55	0.83	0.99	-0.32	-0.32
Short Long Term Debt Total	-0.47		-0.54	-0.32	-0.53	-0.43	0.69	-0.54	0.17	-0.47	-0.4	-0.38	-0.53	-0.41	0.52	0.93	-0.55	-0.38	0.4	-0.51	0.37	-0.31	-0.47	-0.45	-0.44	-0.44
Other Current Liab	0.98	-0.54		0.94	0.99	0.97	-0.94	0.99	0.3	0.97	0.96	0.88	0.97	0.95	-0.19	-0.35	0.94	0.95	0.53	0.98	-0.15	0.49	0.85	0.98	-0.21	-0.21
Total Current Liabilities	0.98	-0.32	0.94		0.97	0.97	-0.83	0.96	0.56	0.93	0.98	0.93	0.94	0.98	0.01	-0.14	0.91	0.99	0.72	0.96	-0.05	0.54	0.82	0.98	-0.47	-0.47
Total Stockholder Equity	1.0	-0.53	0.99	0.97		0.98	-0.92	1.0	0.42	0.96	0.98	0.92	0.99	0.98	-0.15	-0.34	0.96	0.98	0.55	0.99	-0.18	0.54	0.83	0.99	-0.27	-0.27
Property Plant And Equipment Net	0.98	-0.43	0.97	0.97	0.98		-0.9	0.97	0.48	0.95	1.0	0.86	0.93	0.98	-0.09	-0.19	0.94	0.99	0.66	0.95	-0.21	0.58	0.86	0.98	-0.37	-0.37
Net Debt	-0.91	0.69	-0.94	-0.83	-0.92	-0.9		-0.93	-0.23	-0.95	-0.89	-0.77	-0.9	-0.88	0.23	0.49	-0.92	-0.87	-0.33	-0.9	0.24	-0.52	-0.87	-0.89	0.1	0.1
Retained Earnings	1.0	-0.54	0.99	0.96	1.0	0.97	-0.93		0.41	0.96	0.97	0.92	0.99	0.97	-0.17	-0.35	0.96	0.97	0.54	0.99	-0.19	0.54	0.83	0.99	-0.25	-0.25
Accounts Payable	0.45	0.17	0.3	0.56	0.42	0.48	-0.23	0.41		0.36	0.51	0.47	0.35	0.58	0.3	0.31	0.45	0.55	0.67	0.4	-0.14	0.55	0.34	0.45	-0.69	-0.69
Cash	0.96	-0.47	0.97	0.93	0.96	0.95	-0.95	0.96	0.36		0.95	0.86	0.94	0.94	-0.13	-0.28	0.93	0.95	0.57	0.95	-0.16	0.49	0.88	0.96	-0.27	-0.27
Non Current Assets Total	0.99	-0.4	0.96	0.98	0.98	1.0	-0.89	0.97	0.51	0.95		0.88	0.93	0.99	-0.07	-0.18	0.94	1.0	0.68	0.95	-0.18	0.59	0.85	0.98	-0.4	-0.4
Non Currrent Assets Other	0.92	-0.38	0.88	0.93	0.92	0.86	-0.77	0.92	0.47	0.86	0.88		0.94	0.89	-0.02	-0.27	0.85	0.91	0.58	0.94	-0.04	0.4	0.65	0.93	-0.34	-0.34
Cash And Short Term Investments	0.98	-0.53	0.97	0.94	0.99	0.93	-0.9	0.99	0.35	0.94	0.93	0.94		0.94	-0.17	-0.38	0.93	0.94	0.5	1.0	-0.14	0.47	0.77	0.97	-0.21	-0.2
Net Receivables	0.98	-0.41	0.95	0.98	0.98	0.98	-0.88	0.97	0.58	0.94	0.99	0.89	0.94		-0.07	-0.2	0.95	0.99	0.66	0.96	-0.18	0.61	0.84	0.97	-0.4	-0.4
Common Stock Shares Outstanding	-0.12	0.52	-0.19	0.01	-0.15	-0.09	0.23	-0.17	0.3	-0.13	-0.07	-0.02	-0.17	-0.07		0.48	-0.14	-0.02	0.35	-0.15	0.58	-0.29	0.02	-0.13	-0.81	-0.81
Non Current Liabilities Total	-0.28	0.93	-0.35	-0.14	-0.34	-0.19	0.49	-0.35	0.31	-0.28	-0.18	-0.27	-0.38	-0.2	0.48		-0.35	-0.17	0.58	-0.35	0.22	-0.07	-0.27	-0.26	-0.55	-0.55
Other Current Assets	0.95	-0.55	0.94	0.91	0.96	0.94	-0.92	0.96	0.45	0.93	0.94	0.85	0.93	0.95	-0.14	-0.35		0.94	0.5	0.94	-0.21	0.53	0.87	0.94	-0.26	-0.26
Other Stockholder Equity	0.99	-0.38	0.95	0.99	0.98	0.99	-0.87	0.97	0.55	0.95	1.0	0.91	0.94	0.99	-0.02	-0.17	0.94		0.69	0.96	-0.15	0.57	0.84	0.99	-0.44	-0.44
Total Liab	0.61	0.4	0.53	0.72	0.55	0.66	-0.33	0.54	0.67	0.57	0.68	0.58	0.5	0.66	0.35	0.58	0.5	0.69		0.54	0.1	0.37	0.47	0.62	-0.77	-0.77
Total Current Assets	0.99	-0.51	0.98	0.96	0.99	0.95	-0.9	0.99	0.4	0.95	0.95	0.94	1.0	0.96	-0.15	-0.35	0.94	0.96	0.54		-0.15	0.5	0.79	0.98	-0.25	-0.25
Short Term Debt	-0.17	0.37	-0.15	-0.05	-0.18	-0.21	0.24	-0.19	-0.14	-0.16	-0.18	-0.04	-0.14	-0.18	0.58	0.22	-0.21	-0.15	0.1	-0.15		-0.38	-0.05	-0.19	-0.41	-0.41
Intangible Assets	0.55	-0.31	0.49	0.54	0.54	0.58	-0.52	0.54	0.55	0.49	0.59	0.4	0.47	0.61	-0.29	-0.07	0.53	0.57	0.37	0.5	-0.38		0.39	0.54	-0.17	-0.17
Inventory	0.83	-0.47	0.85	0.82	0.83	0.86	-0.87	0.83	0.34	0.88	0.85	0.65	0.77	0.84	0.02	-0.27	0.87	0.84	0.47	0.79	-0.05	0.39		0.82	-0.36	-0.35
Property Plant And Equipment Gross	0.99	-0.45	0.98	0.98	0.99	0.98	-0.89	0.99	0.45	0.96	0.98	0.93	0.97	0.97	-0.13	-0.26	0.94	0.99	0.62	0.98	-0.19	0.54	0.82		-0.31	-0.31
Common Stock Total Equity	-0.32	-0.44	-0.21	-0.47	-0.27	-0.37	0.1	-0.25	-0.69	-0.27	-0.4	-0.34	-0.21	-0.4	-0.81	-0.55	-0.26	-0.44	-0.77	-0.25	-0.41	-0.17	-0.36	-0.31		1.0
Common Stock	-0.32	-0.44	-0.21	-0.47	-0.27	-0.37	0.1	-0.25	-0.69	-0.27	-0.4	-0.34	-0.2	-0.4	-0.81	-0.55	-0.26	-0.44	-0.77	-0.25	-0.41	-0.17	-0.35	-0.31	1.0

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Copart Account Relationship Matchups

Copart fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	4.6B	5.3B	6.7B	8.4B	9.7B	10.2B
Short Long Term Debt Total	518.1M	119.5M	120.5M	118.7M	136.5M	241.1M
Other Current Liab	173.2M	183.2M	239.8M	303.5M	349.0M	366.5M
Total Current Liabilities	421.0M	440.9M	492.8M	628.6M	722.9M	759.0M
Total Stockholder Equity	3.5B	4.6B	6.0B	7.5B	8.7B	9.1B
Property Plant And Equipment Net	2.4B	2.6B	3.0B	3.3B	3.8B	4.0B
Net Debt	(530.2M)	(1.3B)	(836.9M)	(1.4B)	(1.3B)	(1.2B)
Retained Earnings	2.9B	4.0B	5.2B	6.5B	7.5B	7.9B
Accounts Payable	163.2M	187.2M	180.0M	193.3M	222.3M	233.4M
Cash	1.0B	1.4B	957.4M	1.5B	1.7B	1.8B
Non Current Assets Total	2.9B	3.1B	3.5B	4.0B	4.6B	4.8B
Non Currrent Assets Other	41.8M	47.7M	65.8M	129.4M	148.9M	156.3M
Cash And Short Term Investments	1.0B	1.4B	2.4B	3.4B	3.9B	4.1B
Net Receivables	500.6M	628.5M	708.6M	785.9M	903.8M	948.9M
Common Stock Shares Outstanding	961.2M	964.6M	966.6M	974.8M	877.3M	944.5M
Liabilities And Stockholders Equity	4.6B	5.3B	6.7B	8.4B	9.7B	10.2B
Non Current Liabilities Total	611.9M	242.4M	257.7M	250.6M	288.2M	222.8M
Other Current Assets	108.7M	131.0M	150.0M	166.5M	191.5M	201.1M
Other Stockholder Equity	761.8M	838.5M	938.9M	1.1B	1.3B	1.4B
Total Liab	1.0B	683.3M	750.4M	879.2M	1.0B	1.1B
Total Current Assets	1.7B	2.2B	3.3B	4.4B	5.1B	5.3B
Short Term Debt	44.9M	43.6M	42.9M	42.6M	49.0M	28.5M
Intangible Assets	45.9M	54.7M	62.7M	74.1M	66.7M	41.3M
Inventory	45.0M	58.8M	40.0M	43.6M	50.2M	52.7M
Property Plant And Equipment Gross	2.4B	2.6B	3.0B	4.4B	5.1B	5.4B
Accumulated Other Comprehensive Income	(100.9M)	(169.4M)	(141.0M)	(143.0M)	(128.7M)	(122.2M)
Other Liab	117.1M	116.3M	144.7M	158.7M	182.5M	191.6M
Other Assets	41.8M	47.7M	65.8M	(1.0)	(1.15)	(1.09)
Long Term Debt	397.0M	397.6M	2.0M	10.9M	12.5M	11.9M
Property Plant Equipment	2.0B	2.4B	2.6B	2.9B	3.4B	3.5B
Current Deferred Revenue	126.3M	142.0M	164.6M	28.1M	32.3M	33.0M
Good Will	355.7M	402.0M	394.3M	513.9M	462.5M	439.4M
Net Tangible Assets	2.1B	3.1B	4.2B	5.5B	6.3B	6.6B
Non Current Liabilities Other	38.5M	430K	160.3M	24.5M	28.2M	42.2M

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