Comfort Net Debt vs Asset Turnover Analysis

FIX Stock

USD 432.03 6.82 1.55%

Comfort Systems financial indicator trend analysis is way more than just evaluating Comfort Systems USA prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Comfort Systems USA is a good investment. Please check the relationship between Comfort Systems Net Debt and its Asset Turnover accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Comfort Systems USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Comfort Systems USA Net Debt account and Asset Turnover. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Comfort Systems' Net Debt and Asset Turnover is -0.51. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Comfort Systems USA, assuming nothing else is changed. The correlation between historical values of Comfort Systems' Net Debt and Asset Turnover 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 Comfort Systems USA are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Net Debt i.e., Comfort Systems' Net Debt and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.51

Relationship Direction	Negative
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.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Most indicators from Comfort Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Comfort Systems USA 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Comfort Systems USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Comfort Systems' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 62.4 M in 2024, despite the fact that Discontinued Operations is likely to grow to (12.8 K).

	2021	2022	2023	2024 (projected)
Gross Profit	563.2M	741.6M	990.5M	1.0B
Total Revenue	3.1B	4.1B	5.2B	5.5B

Gross Profit Total Revenue

Comfort Systems 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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.66	0.61	0.99	1.0	0.94	0.5	1.0	0.99	0.84	0.98	0.37	0.84	0.99	0.29	0.8	0.92	0.2	-0.69	1.0	0.99	0.99	0.88	0.88	0.76	0.76
Short Long Term Debt Total	0.66		0.51	0.53	0.61	0.58	0.96	0.63	0.59	0.26	0.76	0.33	0.26	0.6	0.09	0.95	0.36	-0.04	-0.69	0.68	0.64	0.55	0.78	0.8	0.23	0.23
Other Current Liab	0.61	0.51		0.56	0.6	0.33	0.44	0.61	0.62	0.23	0.66	0.74	0.23	0.59	0.15	0.63	0.46	0.28	-0.63	0.62	0.59	0.56	0.63	0.58	0.22	0.22
Total Current Liabilities	0.99	0.53	0.56		0.99	0.95	0.35	0.99	0.99	0.91	0.94	0.3	0.91	1.0	0.32	0.69	0.97	0.21	-0.63	0.98	0.98	1.0	0.83	0.81	0.84	0.84
Total Stockholder Equity	1.0	0.61	0.6	0.99		0.94	0.45	1.0	0.99	0.86	0.97	0.36	0.86	0.99	0.28	0.76	0.94	0.21	-0.67	0.99	0.99	0.99	0.86	0.87	0.78	0.78
Property Plant And Equipment Net	0.94	0.58	0.33	0.95	0.94		0.41	0.93	0.93	0.92	0.89	0.04	0.92	0.95	0.3	0.68	0.92	0.03	-0.57	0.93	0.94	0.95	0.81	0.78	0.85	0.85
Net Debt	0.5	0.96	0.44	0.35	0.45	0.41		0.46	0.42	0.05	0.62	0.32	0.05	0.43	0.04	0.9	0.17	-0.16	-0.57	0.53	0.48	0.37	0.68	0.71	-0.03	-0.03
Retained Earnings	1.0	0.63	0.61	0.99	1.0	0.93	0.46		0.98	0.84	0.98	0.37	0.84	0.99	0.23	0.78	0.93	0.19	-0.69	0.99	0.99	0.98	0.86	0.89	0.77	0.77
Accounts Payable	0.99	0.59	0.62	0.99	0.99	0.93	0.42	0.98		0.86	0.96	0.34	0.86	1.0	0.37	0.74	0.94	0.21	-0.61	0.99	0.98	0.99	0.85	0.82	0.79	0.79
Cash	0.84	0.26	0.23	0.91	0.86	0.92	0.05	0.84	0.86		0.74	0.0	1.0	0.88	0.31	0.4	0.95	0.17	-0.42	0.83	0.85	0.91	0.62	0.6	0.94	0.94
Non Current Assets Total	0.98	0.76	0.66	0.94	0.97	0.89	0.62	0.98	0.96	0.74		0.46	0.74	0.96	0.24	0.89	0.85	0.19	-0.75	0.99	0.97	0.94	0.9	0.94	0.65	0.65
Non Currrent Assets Other	0.37	0.33	0.74	0.3	0.36	0.04	0.32	0.37	0.34	0.0	0.46		0.0	0.31	0.08	0.5	0.16	0.58	-0.43	0.37	0.3	0.28	0.38	0.44	-0.06	-0.06
Cash And Short Term Investments	0.84	0.26	0.23	0.91	0.86	0.92	0.05	0.84	0.86	1.0	0.74	0.0		0.88	0.31	0.4	0.95	0.17	-0.42	0.83	0.85	0.91	0.62	0.6	0.94	0.94
Net Receivables	0.99	0.6	0.59	1.0	0.99	0.95	0.43	0.99	1.0	0.88	0.96	0.31	0.88		0.33	0.74	0.95	0.18	-0.64	0.99	0.99	1.0	0.86	0.83	0.81	0.81
Common Stock Shares Outstanding	0.29	0.09	0.15	0.32	0.28	0.3	0.04	0.23	0.37	0.31	0.24	0.08	0.31	0.33		0.17	0.23	0.33	0.23	0.29	0.24	0.34	0.18	-0.08	0.27	0.27
Non Current Liabilities Total	0.8	0.95	0.63	0.69	0.76	0.68	0.9	0.78	0.74	0.4	0.89	0.5	0.4	0.74	0.17		0.53	0.09	-0.73	0.82	0.78	0.71	0.85	0.9	0.31	0.31
Inventory	0.92	0.36	0.46	0.97	0.94	0.92	0.17	0.93	0.94	0.95	0.85	0.16	0.95	0.95	0.23	0.53		0.18	-0.57	0.91	0.94	0.96	0.7	0.73	0.9	0.9
Other Current Assets	0.2	-0.04	0.28	0.21	0.21	0.03	-0.16	0.19	0.21	0.17	0.19	0.58	0.17	0.18	0.33	0.09	0.18		-0.14	0.19	0.14	0.2	-0.02	0.06	0.26	0.25
Other Stockholder Equity	-0.69	-0.69	-0.63	-0.63	-0.67	-0.57	-0.57	-0.69	-0.61	-0.42	-0.75	-0.43	-0.42	-0.64	0.23	-0.73	-0.57	-0.14		-0.7	-0.71	-0.62	-0.73	-0.82	-0.44	-0.44
Total Liab	1.0	0.68	0.62	0.98	0.99	0.93	0.53	0.99	0.99	0.83	0.99	0.37	0.83	0.99	0.29	0.82	0.91	0.19	-0.7		0.99	0.98	0.89	0.89	0.75	0.75
Property Plant And Equipment Gross	0.99	0.64	0.59	0.98	0.99	0.94	0.48	0.99	0.98	0.85	0.97	0.3	0.85	0.99	0.24	0.78	0.94	0.14	-0.71	0.99		0.98	0.85	0.88	0.77	0.78
Total Current Assets	0.99	0.55	0.56	1.0	0.99	0.95	0.37	0.98	0.99	0.91	0.94	0.28	0.91	1.0	0.34	0.71	0.96	0.2	-0.62	0.98	0.98		0.84	0.81	0.84	0.84
Short Term Debt	0.88	0.78	0.63	0.83	0.86	0.81	0.68	0.86	0.85	0.62	0.9	0.38	0.62	0.86	0.18	0.85	0.7	-0.02	-0.73	0.89	0.85	0.84		0.85	0.53	0.53
Intangible Assets	0.88	0.8	0.58	0.81	0.87	0.78	0.71	0.89	0.82	0.6	0.94	0.44	0.6	0.83	-0.08	0.9	0.73	0.06	-0.82	0.89	0.88	0.81	0.85		0.5	0.5
Common Stock Total Equity	0.76	0.23	0.22	0.84	0.78	0.85	-0.03	0.77	0.79	0.94	0.65	-0.06	0.94	0.81	0.27	0.31	0.9	0.26	-0.44	0.75	0.77	0.84	0.53	0.5		1.0
Common Stock	0.76	0.23	0.22	0.84	0.78	0.85	-0.03	0.77	0.79	0.94	0.65	-0.06	0.94	0.81	0.27	0.31	0.9	0.25	-0.44	0.75	0.78	0.84	0.53	0.5	1.0

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Comfort Systems Account Relationship Matchups

Comfort Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	1.8B	2.2B	2.6B	3.3B	3.5B
Short Long Term Debt Total	312.8M	252.3M	514.8M	256.2M	256.8M	129.1M
Other Current Liab	204.5M	245.9M	235.0M	797.9M	355.8M	180.0M
Total Current Liabilities	608.0M	692.9M	836.6M	1.2B	1.7B	1.8B
Total Stockholder Equity	585.3M	696.4M	805.7M	999.9M	1.3B	1.3B
Property Plant And Equipment Net	193.9M	117.2M	253.3M	143.9M	414.3M	435.0M
Net Debt	262.1M	180.8M	456.0M	199.0M	51.6M	58.1M
Retained Earnings	368.7M	502.8M	628.8M	854.6M	1.1B	1.2B
Accounts Payable	196.2M	204.1M	254.8M	337.4M	420.0M	441.0M
Cash	50.8M	54.9M	58.8M	57.2M	205.2M	215.4M
Non Current Assets Total	714.8M	945.5M	1.2B	1.3B	1.4B	1.5B
Non Currrent Assets Other	6.6M	132.1M	8.7M	142.0M	15.2M	19.9M
Cash And Short Term Investments	50.8M	54.9M	58.8M	57.2M	205.2M	215.4M
Net Receivables	714.9M	683.8M	923.0M	1.2B	1.6B	1.7B
Common Stock Shares Outstanding	37.1M	36.7M	36.5M	36.0M	35.9M	40.9M
Liabilities And Stockholders Equity	1.5B	1.8B	2.2B	2.6B	3.3B	3.5B
Non Current Liabilities Total	311.7M	368.0M	566.9M	426.8M	306.5M	321.9M
Inventory	10.1M	13.5M	21.9M	35.3M	65.5M	68.8M
Other Current Assets	14.4M	73.2M	23.7M	48.5M	54.3M	33.5M
Other Stockholder Equity	216.2M	193.2M	176.5M	144.9M	129.8M	223.0M
Total Liab	919.7M	1.1B	1.4B	1.6B	2.0B	2.1B
Property Plant And Equipment Gross	193.9M	211.9M	418.1M	464.2M	631.2M	662.8M
Total Current Assets	790.2M	811.9M	1.0B	1.3B	1.9B	2.0B
Short Term Debt	34.8M	16.6M	21.8M	30.2M	29.3M	30.8M
Intangible Assets	160.0M	231.8M	304.8M	273.9M	280.4M	294.4M
Other Liab	33.7M	51.7M	74.0M	67.8M	77.9M	81.8M
Other Assets	28.5M	132.1M	31.6M	129.5M	148.9M	156.4M
Long Term Debt	205.3M	235.7M	385.2M	247.2M	39.3M	37.4M
Good Will	332.4M	464.4M	592.1M	611.8M	666.8M	700.2M
Treasury Stock	(104.0M)	(129.2M)	(150.6M)	(187.2M)	(168.5M)	(160.1M)
Property Plant Equipment	109.8M	117.2M	128.6M	143.9M	165.5M	173.8M
Current Deferred Revenue	172.4M	226.2M	321.1M	461.8M	909.5M	955.0M
Net Tangible Assets	92.9M	230K	(91.2M)	114.2M	102.8M	83.8M
Retained Earnings Total Equity	368.7M	502.8M	628.8M	854.6M	982.8M	1.0B
Capital Surpluse	320.2M	322.5M	327.1M	332.1M	381.9M	352.3M

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Comfort Net Debt vs Asset Turnover Analysis

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

Correlation Coefficient

Net Debt

Asset Turnover

Comfort Systems fundamental ratios Correlations

Comfort Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Comfort Systems fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity

Intangible Assets	- 0.82	Other Stockholder Equity
Other Stockholder Equity	- 0.75	Non Current Assets Total
Short Term Debt	- 0.73	Other Stockholder Equity
Other Stockholder Equity	- 0.73	Non Current Liabilities Total
Property Plant And Equipment Gross	- 0.71	Other Stockholder Equity
Total Liab	- 0.7	Other Stockholder Equity