Safety Other Stockholder Equity vs Long Term Debt Analysis

SAFT Stock  USD 84.61  0.59  0.70%   
Safety Insurance financial indicator trend analysis is much more than just breaking down Safety Insurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Safety Insurance is a good investment. Please check the relationship between Safety Insurance Other Stockholder Equity and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Other Stockholder Equity vs Long Term Debt

Other Stockholder Equity vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Safety Insurance Other Stockholder Equity account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Safety Insurance's Other Stockholder Equity and Long Term Debt is -0.26. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Safety Insurance Group, assuming nothing else is changed. The correlation between historical values of Safety Insurance's Other Stockholder Equity 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 Other Stockholder Equity of Safety Insurance Group 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 Other Stockholder Equity i.e., Safety Insurance's Other Stockholder Equity and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Stockholder Equity

Long Term Debt

Long-term debt is a debt that Safety Insurance has held for over one year. Long-term debt appears on Safety Insurance Group 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 Safety Insurance Group 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 Safety Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Safety Insurance 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
At this time, Safety Insurance's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 37.52 in 2024, whereas Tax Provision is likely to drop slightly above 8.7 M in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue864.7M785.1M931.0M729.3M
Interest Expense522K524K818K588.6K

Safety Insurance fundamental ratios Correlations

0.97-0.480.81-0.80.97-0.40.940.40.44-0.90.870.54-0.120.43-0.550.780.140.270.53-0.410.690.620.690.340.24
0.97-0.460.85-0.830.87-0.310.940.270.35-0.830.880.46-0.150.44-0.610.740.070.350.48-0.460.650.420.630.310.19
-0.48-0.46-0.040.24-0.460.17-0.53-0.39-0.730.22-0.11-0.720.11-0.71-0.12-0.84-0.63-0.46-0.80.33-0.17-0.37-0.3-0.07-0.23
0.810.85-0.04-0.790.72-0.280.7-0.01-0.01-0.850.970.24-0.010.01-0.730.4-0.280.180.23-0.270.610.240.560.210.07
-0.8-0.830.24-0.79-0.710.36-0.85-0.07-0.260.79-0.87-0.43-0.19-0.490.41-0.53-0.18-0.16-0.410.07-0.4-0.36-0.750.03-0.47
0.970.87-0.460.72-0.71-0.460.860.510.5-0.910.790.58-0.070.39-0.450.760.20.180.53-0.330.690.760.690.350.28
-0.4-0.310.17-0.280.36-0.46-0.360.06-0.320.36-0.35-0.28-0.15-0.320.08-0.33-0.18-0.12-0.28-0.050.0-0.36-0.40.19-0.28
0.940.94-0.530.7-0.850.86-0.360.370.54-0.750.790.59-0.070.64-0.430.820.330.250.51-0.350.520.540.710.210.44
0.40.27-0.39-0.01-0.070.510.060.370.47-0.310.070.34-0.160.360.060.440.350.090.32-0.210.640.710.250.580.19
0.440.35-0.73-0.01-0.260.5-0.320.540.47-0.250.130.830.20.70.320.780.790.120.680.030.050.570.49-0.150.61
-0.9-0.830.22-0.850.79-0.910.36-0.75-0.31-0.25-0.87-0.390.04-0.20.59-0.520.02-0.14-0.370.29-0.71-0.56-0.61-0.33-0.19
0.870.88-0.110.97-0.870.79-0.350.790.070.13-0.870.380.130.13-0.60.52-0.130.150.35-0.140.550.40.730.10.21
0.540.46-0.720.24-0.430.58-0.280.590.340.83-0.390.380.380.530.230.850.710.080.790.150.080.590.69-0.270.67
-0.12-0.150.11-0.01-0.19-0.07-0.15-0.07-0.160.20.040.130.38-0.030.640.060.22-0.10.420.93-0.450.220.59-0.810.41
0.430.44-0.710.01-0.490.39-0.320.640.360.7-0.20.130.53-0.030.150.650.780.240.52-0.170.080.340.38-0.030.58
-0.55-0.61-0.12-0.730.41-0.450.08-0.430.060.320.59-0.60.230.640.15-0.060.5-0.080.30.74-0.660.10.07-0.630.27
0.780.74-0.840.4-0.530.76-0.330.820.440.78-0.520.520.850.060.65-0.060.560.310.81-0.220.310.640.690.040.4
0.140.07-0.63-0.28-0.180.2-0.180.330.350.790.02-0.130.710.220.780.50.56-0.220.50.17-0.210.40.33-0.30.76
0.270.35-0.460.18-0.160.18-0.120.250.090.12-0.140.150.08-0.10.24-0.080.31-0.220.46-0.270.27-0.030.080.18-0.31
0.530.48-0.80.23-0.410.53-0.280.510.320.68-0.370.350.790.420.520.30.810.50.460.140.120.540.66-0.230.25
-0.41-0.460.33-0.270.07-0.33-0.05-0.35-0.210.030.29-0.140.150.93-0.170.74-0.220.17-0.270.14-0.60.10.35-0.810.35
0.690.65-0.170.61-0.40.690.00.520.640.05-0.710.550.08-0.450.08-0.660.31-0.210.270.12-0.60.410.170.84-0.14
0.620.42-0.370.24-0.360.76-0.360.540.710.57-0.560.40.590.220.340.10.640.4-0.030.540.10.410.720.150.36
0.690.63-0.30.56-0.750.69-0.40.710.250.49-0.610.730.690.590.380.070.690.330.080.660.350.170.72-0.310.53
0.340.31-0.070.210.030.350.190.210.58-0.15-0.330.1-0.27-0.81-0.03-0.630.04-0.30.18-0.23-0.810.840.15-0.31-0.4
0.240.19-0.230.07-0.470.28-0.280.440.190.61-0.190.210.670.410.580.270.40.76-0.310.250.35-0.140.360.53-0.4
Click cells to compare fundamentals

Safety Insurance Account Relationship Matchups

Safety Insurance fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B2.1B2.1B2.0B2.0B1.6B
Total Stockholder Equity808.4M884.7M927.2M812.0M804.3M615.3M
Other Assets(1.0B)(1.1B)(965.4M)282.2M254.0M241.3M
Common Stock Shares Outstanding15.3M15.1M14.9M14.7M14.7M14.2M
Liabilities And Stockholders Equity2.0B2.1B2.1B2.0B2.0B1.6B
Other Stockholder Equity118.5M85.9M80.7M77.0M76.1M90.5M
Total Liab1.2B1.2B1.2B1.2B1.2B1.0B
Other Liab344.6M24.2M46.7M30.9M27.8M26.4M
Retained Earnings661.6M745.0M821.7M815.3M781.2M534.8M
Accounts Payable87.9M87.7M85.8M85.3M80.2M69.7M
Common Stock176K177K178K179K205.9K171.1K
Property Plant Equipment54.0M31M27.1M41.5M47.7M50.1M
Other Current Liab(87.9M)(118.7M)(85.8M)(122.0M)415.0M435.7M
Total Current Liabilities87.9M117.7M115.8M25.1M499.7M524.7M
Property Plant And Equipment Net34.0M31M27.1M23.3M31.5M17.2M
Net Debt(10.4M)7.2M(6.5M)33.0M11.6M12.2M
Cash44.4M53.8M63.6M25.3M38.2M42.6M
Non Current Assets Total1.4B1.5B1.5B69.4M1.6B1.7B
Non Currrent Assets Other(1.4B)(1.5B)(1.5B)(1.3B)(59.6M)(62.5M)
Cash And Short Term Investments1.3B1.3B1.3B1.1B517.6M719.0M
Net Receivables329.8M300.5M290.6M299.8M383.2M284.6M
Common Stock Total Equity175K176K177K178K204.7K184.6K
Short Term Investments1.2B1.3B1.2B1.1B31.0M29.5M
Non Current Liabilities Total39.7M78.6M72.4M1.1B661.1M694.1M
Other Current Assets296.1M351.6M298.6M260.0M369.1M387.6M
Property Plant And Equipment Gross9.9M15.6M54.0M53.1M61.1M64.1M
Total Current Assets1.6B1.6B1.6B1.6B369.1M507.2M
Accumulated Other Comprehensive Income28.2M53.5M24.6M(80.5M)(53.2M)(50.5M)
Intangible Assets74.3M75.0M73.0M7.9M7.6M7.2M
Net Tangible Assets808.4M884.7M927.2M787.1M905.1M820.1M
Good Will1.4B1.4B1.4B17.1M19.7M18.7M
Retained Earnings Total Equity616.7M661.6M745.0M821.7M945.0M615.1M
Capital Surpluse196.3M202.3M209.8M216.1M248.5M206.2M
Long Term Investments1.4B1.5B1.5B1.3B1.5B1.5B

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Safety Stock Analysis

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