Kaiser Depreciation vs Capital Expenditures Analysis

KALU Stock

USD 70.39 0.30 0.43%

Kaiser Aluminum financial indicator trend analysis is infinitely more than just investigating Kaiser Aluminum recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kaiser Aluminum is a good investment. Please check the relationship between Kaiser Aluminum Depreciation and its Capital Expenditures accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kaiser Aluminum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Kaiser Stock please use our How to Invest in Kaiser Aluminum guide.

Depreciation vs Capital Expenditures

Depreciation vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kaiser Aluminum Depreciation account and Capital Expenditures. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Kaiser Aluminum's Depreciation and Capital Expenditures is 0.82. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Kaiser Aluminum, assuming nothing else is changed. The correlation between historical values of Kaiser Aluminum's Depreciation and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Kaiser Aluminum are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Depreciation i.e., Kaiser Aluminum's Depreciation and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

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Depreciation

Depreciation indicates how much of Kaiser Aluminum value has been used up. For tax purposes Kaiser Aluminum can deduct the cost of the tangible assets it purchases as business expenses. However, Kaiser Aluminum must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Capital Expenditures

Capital Expenditures are funds used by Kaiser Aluminum to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Kaiser Aluminum operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Kaiser Aluminum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kaiser Aluminum 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kaiser Aluminum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Kaiser Stock please use our How to Invest in Kaiser Aluminum guide.At this time, Kaiser Aluminum's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 2.4 B in 2024, whereas Selling General Administrative is likely to drop slightly above 108.4 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	49.5M	48.3M	46.9M	49.2M
Depreciation And Amortization	91.5M	106.9M	108.6M	114.0M

Interest Expense Depreciation And Amortization

Kaiser Aluminum fundamental ratios Correlations

	Common Stock Shares Outstanding	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 Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Term Debt	Current Deferred Revenue
Common Stock Shares Outstanding		0.21	0.04	0.76	0.5	-0.5	0.24	0.16	0.39	0.1	-0.25	0.41	0.19	-0.31	-0.14	0.84	0.23	0.45	-0.02	-0.59	0.32	0.0	-0.04	0.85	-0.01	0.98
Total Assets	0.21		0.81	0.24	0.76	-0.35	0.82	0.67	-0.01	0.77	0.18	0.86	0.19	0.01	0.66	0.17	0.85	0.79	-0.05	-0.48	0.88	0.51	0.87	0.18	-0.2	0.23
Short Long Term Debt Total	0.04	0.81		0.29	0.62	-0.54	0.8	0.85	-0.33	0.88	0.22	0.67	0.1	0.02	0.87	0.31	0.96	0.67	-0.24	-0.52	0.93	0.84	0.72	0.3	-0.24	0.05
Other Current Liab	0.76	0.24	0.29		0.74	-0.7	0.42	0.45	0.15	0.39	-0.29	0.36	-0.11	-0.39	0.2	0.83	0.37	0.53	0.16	-0.69	0.5	0.35	0.06	0.83	0.04	0.7
Total Current Liabilities	0.5	0.76	0.62	0.74		-0.55	0.74	0.72	0.07	0.76	-0.21	0.78	0.04	-0.38	0.59	0.52	0.67	0.84	0.24	-0.6	0.81	0.5	0.53	0.52	-0.02	0.46
Total Stockholder Equity	-0.5	-0.35	-0.54	-0.7	-0.55		-0.75	-0.63	0.34	-0.62	0.16	-0.34	0.16	0.34	-0.53	-0.61	-0.67	-0.67	0.49	0.91	-0.69	-0.56	-0.27	-0.62	0.16	-0.47
Property Plant And Equipment Net	0.24	0.82	0.8	0.42	0.74	-0.75		0.8	-0.32	0.86	-0.05	0.7	-0.07	-0.25	0.8	0.25	0.88	0.89	-0.37	-0.77	0.91	0.66	0.72	0.26	-0.2	0.23
Net Debt	0.16	0.67	0.85	0.45	0.72	-0.63	0.8		-0.47	0.92	-0.32	0.76	0.03	-0.48	0.89	0.43	0.85	0.83	-0.22	-0.49	0.87	0.9	0.4	0.42	-0.16	0.17
Retained Earnings	0.39	-0.01	-0.33	0.15	0.07	0.34	-0.32	-0.47		-0.43	0.28	-0.08	-0.04	0.37	-0.49	0.15	-0.3	-0.27	0.41	-0.03	-0.22	-0.53	0.06	0.15	0.16	0.41
Accounts Payable	0.1	0.77	0.88	0.39	0.76	-0.62	0.86	0.92	-0.43		-0.14	0.75	0.04	-0.35	0.94	0.33	0.89	0.82	-0.2	-0.54	0.91	0.79	0.58	0.32	-0.23	0.11
Cash	-0.25	0.18	0.22	-0.29	-0.21	0.16	-0.05	-0.32	0.28	-0.14		-0.24	0.01	0.92	-0.09	-0.23	0.15	-0.36	-0.04	-0.05	0.06	-0.14	0.54	-0.23	-0.14	-0.23
Non Current Assets Total	0.41	0.86	0.67	0.36	0.78	-0.34	0.7	0.76	-0.08	0.75	-0.24		0.34	-0.41	0.6	0.4	0.75	0.87	0.02	-0.35	0.81	0.56	0.48	0.41	-0.24	0.44
Non Currrent Assets Other	0.19	0.19	0.1	-0.11	0.04	0.16	-0.07	0.03	-0.04	0.04	0.01	0.34		-0.08	-0.04	0.15	0.11	0.11	0.13	0.23	0.1	0.02	-0.02	0.15	-0.03	0.13
Cash And Short Term Investments	-0.31	0.01	0.02	-0.39	-0.38	0.34	-0.25	-0.48	0.37	-0.35	0.92	-0.41	-0.08		-0.27	-0.33	-0.07	-0.55	-0.02	0.1	-0.16	-0.31	0.41	-0.33	0.05	-0.29
Net Receivables	-0.14	0.66	0.87	0.2	0.59	-0.53	0.8	0.89	-0.49	0.94	-0.09	0.6	-0.04	-0.27		0.15	0.83	0.68	-0.29	-0.44	0.82	0.83	0.55	0.14	-0.22	-0.13
Common Stock Total Equity	0.84	0.17	0.31	0.83	0.52	-0.61	0.25	0.43	0.15	0.33	-0.23	0.4	0.15	-0.33	0.15		0.41	0.42	-0.08	-0.59	0.47	0.36	-0.1	1.0	-0.08	0.84
Non Current Liabilities Total	0.23	0.85	0.96	0.37	0.67	-0.67	0.88	0.85	-0.3	0.89	0.15	0.75	0.11	-0.07	0.83	0.41		0.78	-0.37	-0.67	0.98	0.78	0.71	0.41	-0.29	0.25
Inventory	0.45	0.79	0.67	0.53	0.84	-0.67	0.89	0.83	-0.27	0.82	-0.36	0.87	0.11	-0.55	0.68	0.42	0.78		-0.17	-0.62	0.85	0.59	0.49	0.42	-0.18	0.44
Other Current Assets	-0.02	-0.05	-0.24	0.16	0.24	0.49	-0.37	-0.22	0.41	-0.2	-0.04	0.02	0.13	-0.02	-0.29	-0.08	-0.37	-0.17		0.45	-0.23	-0.23	-0.11	-0.08	0.3	-0.08
Other Stockholder Equity	-0.59	-0.48	-0.52	-0.69	-0.6	0.91	-0.77	-0.49	-0.03	-0.54	-0.05	-0.35	0.23	0.1	-0.44	-0.59	-0.67	-0.62	0.45		-0.7	-0.4	-0.47	-0.6	0.12	-0.58
Total Liab	0.32	0.88	0.93	0.5	0.81	-0.69	0.91	0.87	-0.22	0.91	0.06	0.81	0.1	-0.16	0.82	0.47	0.98	0.85	-0.23	-0.7		0.76	0.72	0.47	-0.24	0.33
Property Plant And Equipment Gross	0.0	0.51	0.84	0.35	0.5	-0.56	0.66	0.9	-0.53	0.79	-0.14	0.56	0.02	-0.31	0.83	0.36	0.78	0.59	-0.23	-0.4	0.76		0.31	0.35	-0.22	0.01
Total Current Assets	-0.04	0.87	0.72	0.06	0.53	-0.27	0.72	0.4	0.06	0.58	0.54	0.48	-0.02	0.41	0.55	-0.1	0.71	0.49	-0.11	-0.47	0.72	0.31		-0.09	-0.1	-0.03
Common Stock	0.85	0.18	0.3	0.83	0.52	-0.62	0.26	0.42	0.15	0.32	-0.23	0.41	0.15	-0.33	0.14	1.0	0.41	0.42	-0.08	-0.6	0.47	0.35	-0.09		-0.08	0.85
Short Term Debt	-0.01	-0.2	-0.24	0.04	-0.02	0.16	-0.2	-0.16	0.16	-0.23	-0.14	-0.24	-0.03	0.05	-0.22	-0.08	-0.29	-0.18	0.3	0.12	-0.24	-0.22	-0.1	-0.08		-0.07
Current Deferred Revenue	0.98	0.23	0.05	0.7	0.46	-0.47	0.23	0.17	0.41	0.11	-0.23	0.44	0.13	-0.29	-0.13	0.84	0.25	0.44	-0.08	-0.58	0.33	0.01	-0.03	0.85	-0.07

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Kaiser Aluminum Account Relationship Matchups

Kaiser Aluminum fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	16.2M	15.9M	15.8M	15.9M	16.1M	15.3M
Total Assets	1.5B	1.9B	2.4B	2.3B	2.3B	1.6B
Short Long Term Debt Total	517.8M	863.7M	1.1B	1.1B	1.1B	1.1B
Other Current Liab	78.4M	67M	95.8M	93.5M	97.7M	149.4M
Total Current Liabilities	170.4M	158.3M	456.7M	418.7M	370M	290.4M
Total Stockholder Equity	733.9M	732.4M	692.5M	631.2M	652.2M	684.8M
Property Plant And Equipment Net	647.8M	653.7M	1.0B	1.1B	1.1B	590.2M
Net Debt	253.5M	83.4M	773.9M	1.0B	996.7M	1.0B
Retained Earnings	172.8M	158.2M	93M	13.3M	10.1M	10.6M
Accounts Payable	92M	86.1M	351.4M	305.1M	252.7M	265.3M
Cash	264.3M	780.3M	303.2M	57.4M	82.4M	112.4M
Non Current Assets Total	746.4M	743.3M	1.2B	1.2B	1.3B	1.0B
Non Currrent Assets Other	22.5M	44.1M	89.7M	96.1M	118.1M	112.2M
Cash And Short Term Investments	343M	780.3M	303.2M	57.4M	82.4M	141.1M
Net Receivables	239.8M	160.5M	448.9M	429.3M	396.1M	415.9M
Liabilities And Stockholders Equity	1.5B	1.9B	2.4B	2.3B	2.3B	1.6B
Non Current Liabilities Total	621.9M	974M	1.3B	1.2B	1.2B	1.1B
Inventory	177.6M	152M	404.6M	525.4M	477.2M	253.1M
Other Current Assets	19.4M	28.6M	48.7M	30.5M	34.5M	50.9M
Other Stockholder Equity	599.5M	592.7M	603M	614.5M	628.8M	747.2M
Total Liab	792.3M	1.1B	1.7B	1.7B	1.6B	1.4B
Property Plant And Equipment Gross	646.2M	653.7M	1.0B	1.1B	1.7B	1.8B
Total Current Assets	779.8M	1.1B	1.2B	1.0B	990.2M	580.3M
Accumulated Other Comprehensive Income	(38.6M)	(18.7M)	(3.7M)	3.2M	13.1M	13.8M
Other Liab	98.7M	110.3M	196.1M	160.4M	144.4M	137.1M
Other Assets	51.8M	44.1M	108.6M	120M	108M	102.6M
Long Term Debt	492.6M	838.1M	1.0B	1.0B	1.0B	1.1B
Property Plant Equipment	622M	627.2M	1.0B	1.0B	1.2B	619.1M
Intangible Assets	29.6M	26.7M	67.7M	55.3M	50M	32.5M
Treasury Stock	(358.6M)	(420.5M)	(463.4M)	(475.9M)	(428.3M)	(406.9M)
Net Tangible Assets	685.5M	686.9M	585.5M	557.1M	501.4M	614.8M
Retained Earnings Total Equity	172.8M	158.2M	93M	13.3M	12.0M	11.4M
Long Term Debt Total	492.6M	838.1M	1.0B	1.0B	1.2B	1.3B
Capital Surpluse	1.1B	1.1B	1.1B	1.1B	1.3B	1.1B

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