Safety Total Assets vs Net Invested Capital Analysis

SAFT Stock  USD 84.02  1.18  1.38%   
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 Total Assets and its Net Invested Capital 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.

Total Assets vs Net Invested Capital

Total Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Safety Insurance Total Assets account and Net Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Safety Insurance's Total Assets and Net Invested Capital is 0.55. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Invested Capital 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 Total Assets and Net Invested Capital 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 Assets of Safety Insurance Group are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Assets i.e., Safety Insurance's Total Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.55
Relationship DirectionPositive 
Relationship StrengthWeak

Total Assets

Total assets refers to the total amount of Safety Insurance assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Safety Insurance books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
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
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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

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