GMS Total Current Liabilities vs Long Term Debt Analysis

GMS Stock  USD 94.40  0.60  0.63%   
GMS financial indicator trend analysis is much more than just examining GMS Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GMS Inc is a good investment. Please check the relationship between GMS Total Current Liabilities and its Long Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GMS 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 population.

Total Current Liabilities vs Long Term Debt

Total Current Liabilities vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GMS Inc Total Current Liabilities account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between GMS's Total Current Liabilities and Long Term Debt is 0.94. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of GMS Inc, assuming nothing else is changed. The correlation between historical values of GMS's Total Current Liabilities and Long Term 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 Total Current Liabilities of GMS Inc are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Liabilities i.e., GMS's Total Current Liabilities and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on GMS balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of GMS Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Long Term Debt

Long-term debt is a debt that GMS Inc has held for over one year. Long-term debt appears on GMS 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 GMS 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.
Most indicators from GMS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GMS 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GMS 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 population.
At this time, GMS's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.26 in 2024, whereas Selling General Administrative is likely to drop slightly above 792 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit1.5B1.7B1.8B1.1B
Total Revenue4.6B5.3B5.5B3.3B

GMS fundamental ratios Correlations

0.560.560.340.570.56-0.060.440.50.490.550.50.570.520.55-0.25-0.030.590.520.570.570.70.530.570.590.7
0.560.970.640.990.980.170.680.980.650.970.840.990.810.99-0.16-0.030.950.810.990.980.840.970.980.830.44
0.560.970.480.950.910.090.530.950.680.990.770.940.840.98-0.110.00.990.840.930.970.841.00.930.830.5
0.340.640.480.70.710.60.730.60.40.50.640.70.290.57-0.51-0.130.470.290.740.580.460.470.740.580.18
0.570.990.950.70.970.240.670.970.70.940.811.00.810.97-0.240.010.940.810.990.960.820.940.980.840.47
0.560.980.910.710.970.190.770.960.580.90.850.970.750.96-0.2-0.090.870.750.990.960.840.90.980.790.4
-0.060.170.090.60.240.190.140.140.130.120.110.2-0.080.12-0.75-0.260.07-0.080.260.15-0.010.070.230.03-0.13
0.440.680.530.730.670.770.140.690.150.510.90.690.50.64-0.18-0.30.470.50.720.630.610.530.720.650.16
0.50.980.950.60.970.960.140.690.60.930.830.970.860.98-0.060.020.90.860.950.940.780.950.950.790.33
0.490.650.680.40.70.580.130.150.60.670.30.680.60.62-0.080.570.750.60.660.60.460.660.690.440.6
0.550.970.990.50.940.90.120.510.930.670.770.930.770.98-0.13-0.040.990.770.930.980.830.990.930.830.48
0.50.840.770.640.810.850.110.90.830.30.770.810.620.83-0.11-0.30.730.620.840.820.710.780.830.820.24
0.570.990.940.71.00.970.20.690.970.680.930.810.820.97-0.20.030.920.820.980.950.820.930.980.850.46
0.520.810.840.290.810.75-0.080.50.860.60.770.620.820.810.020.170.791.00.730.750.720.830.750.660.49
0.550.990.980.570.970.960.120.640.980.620.980.830.970.81-0.11-0.040.960.810.970.990.840.980.960.830.42
-0.25-0.16-0.11-0.51-0.24-0.2-0.75-0.18-0.06-0.08-0.13-0.11-0.20.02-0.110.54-0.10.02-0.25-0.2-0.32-0.04-0.21-0.23-0.36
-0.03-0.030.0-0.130.01-0.09-0.26-0.30.020.57-0.04-0.30.030.17-0.040.540.060.17-0.05-0.14-0.290.020.0-0.230.01
0.590.950.990.470.940.870.070.470.90.750.990.730.920.790.96-0.10.060.790.910.950.820.980.910.830.56
0.520.810.840.290.810.75-0.080.50.860.60.770.620.821.00.810.020.170.790.730.750.720.830.750.660.49
0.570.990.930.740.990.990.260.720.950.660.930.840.980.730.97-0.25-0.050.910.730.970.830.920.990.820.45
0.570.980.970.580.960.960.150.630.940.60.980.820.950.750.99-0.2-0.140.950.750.970.880.960.960.840.48
0.70.840.840.460.820.84-0.010.610.780.460.830.710.820.720.84-0.32-0.290.820.720.830.880.80.810.810.73
0.530.971.00.470.940.90.070.530.950.660.990.780.930.830.98-0.040.020.980.830.920.960.80.920.820.44
0.570.980.930.740.980.980.230.720.950.690.930.830.980.750.96-0.210.00.910.750.990.960.810.920.80.44
0.590.830.830.580.840.790.030.650.790.440.830.820.850.660.83-0.23-0.230.830.660.820.840.810.820.80.53
0.70.440.50.180.470.4-0.130.160.330.60.480.240.460.490.42-0.360.010.560.490.450.480.730.440.440.53
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GMS Account Relationship Matchups

GMS fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding42.5M43.3M43.9M42.6M40.9M44.2M
Total Assets2.3B2.5B3.1B3.3B3.8B2.3B
Short Long Term Debt Total1.2B1.1B1.3B1.3B1.5B1.1B
Other Current Liab35.0M109.1M173.6M154.2M141.0M111.3M
Total Current Liabilities427.9M562.5M689.2M706.3M757.1M451.6M
Total Stockholder Equity634.0M822.5M1.1B1.3B1.5B788.8M
Other Liab57.1M57.8M67.0M92.8M83.5M62.3M
Net Tangible Assets(281.0M)(104.7M)(86.1M)174.3M200.4M210.4M
Property Plant And Equipment Net420.7M429.7M504.0M585.8M723.5M374.9M
Current Deferred Revenue102.0M96.4M109.1M182.5M2.4M2.2M
Net Debt1.0B935.2M1.2B1.1B1.4B957.9M
Retained Earnings169.0M274.5M548.0M881.0M1.2B1.2B
Accounts Payable213.2M323.0M367.3M377.0M420.2M233.3M
Cash210.9M167.0M101.9M164.7M166.1M97.3M
Non Current Assets Total1.4B1.4B1.7B1.7B2.1B1.3B
Non Currrent Assets Other13.2M9.0M8.8M11.4M11.1M10.9M
Other Assets22.2M24.7M26.7M31.2M1.00.95
Long Term Debt954.0M932.4M1.1B1.0B1.1B900.0M
Cash And Short Term Investments210.9M167.0M101.9M164.7M166.1M97.3M
Net Receivables405.3M558.7M750.0M792.2M850.0M519.1M
Good Will553.1M576.3M695.9M700.8M853.8M589.8M
Common Stock Total Equity404K426K431K428K471.5K429.1K
Liabilities And Stockholders Equity2.3B2.5B3.1B3.3B3.8B2.3B
Non Current Liabilities Total1.2B1.1B1.4B1.3B1.5B1.1B
Inventory299.8M357.1M551.0M575.5M580.8M354.3M
Other Current Assets15.0M39.1M40.4M17.1M42.4M44.5M
Other Stockholder Equity529.7M542.7M522.1M428.5M334.6M479.7M
Total Liab1.7B1.7B2.0B2.0B2.3B1.6B
Property Plant And Equipment Gross420.7M429.7M731.2M850.4M1.0B1.1B
Short Long Term Debt50.2M46.0M47.6M54.0M6.6M6.2M
Total Current Assets931.0M1.1B1.4B1.5B1.6B993.6M
Accumulated Other Comprehensive Income(65.1M)4.8M(6.0M)(35.1M)(31.5M)(29.9M)
Short Term Debt83.2M113.0M124.4M149.4M193.4M203.1M
Intangible Assets361.9M350.9M454.7M399.7M502.7M362.5M
Common Stock404K426K431K428K397K429.8K
Property Plant Equipment420.7M429.7M504.0M585.8M673.6M707.3M
Long Term Debt Total1.0B932.4M1.1B1.0B1.2B924.6M
Capital Surpluse529.7M542.7M522.1M428.5M492.8M506.6M
Non Current Liabilities Other78.0M63.5M55.2M48.3M45.0M45.3M

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Additional Tools for GMS Stock Analysis

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