Unity Net Debt vs Short Term Debt Analysis

UNTY Stock

USD 47.50 0.69 1.47%

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

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

Net Debt vs Short Term Debt

Net Debt vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Unity Bancorp Net Debt account and Short Term Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Unity Bancorp's Net Debt and Short Term Debt is 0.81. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Unity Bancorp, assuming nothing else is changed. The correlation between historical values of Unity Bancorp's Net Debt and Short 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 Net Debt of Unity Bancorp are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Net Debt i.e., Unity Bancorp's Net Debt and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

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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.

Short Term Debt

Most indicators from Unity Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Unity Bancorp 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 Unity Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Unity Stock please use our How to Invest in Unity Bancorp guide.At this time, Unity Bancorp's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.40 in 2024, whereas Tax Provision is likely to drop slightly above 9.8 M in 2024.

	2022	2023	2024 (projected)
Interest Expense	10.6M	48.5M	50.9M
Depreciation And Amortization	1.4M	2.4M	1.3M

Interest Expense Depreciation And Amortization

Unity Bancorp 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	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock Total Equity	Common Stock	Other Liab	Long Term Debt	Short Term Investments
Total Assets		0.83	0.71	-0.64	0.99	0.64	0.56	0.95	0.58	-0.46	0.63	0.64	0.32	0.6	0.98	0.69	0.65	-0.67	1.0	0.94	0.09	0.78	0.78	-0.08	0.8	0.16
Short Long Term Debt Total	0.83		0.64	-0.53	0.79	0.59	0.78	0.75	0.62	-0.51	0.57	0.58	0.21	0.57	0.81	0.6	0.62	-0.47	0.84	0.69	0.1	0.65	0.64	-0.26	0.75	0.21
Other Current Liab	0.71	0.64		-0.94	0.75	0.13	0.06	0.83	0.96	-0.17	0.96	0.96	-0.4	0.51	0.77	0.1	0.95	-0.64	0.7	0.62	-0.07	0.28	0.21	-0.41	0.82	0.22
Total Current Liabilities	-0.64	-0.53	-0.94		-0.68	-0.19	0.07	-0.75	-0.93	0.1	-0.99	-0.99	0.5	-0.45	-0.67	-0.12	-0.99	0.61	-0.64	-0.56	0.06	-0.28	-0.22	0.33	-0.66	-0.1
Total Stockholder Equity	0.99	0.79	0.75	-0.68		0.57	0.48	0.97	0.62	-0.42	0.66	0.68	0.26	0.56	0.98	0.61	0.68	-0.66	0.98	0.95	0.06	0.75	0.74	-0.11	0.81	0.18
Property Plant And Equipment Net	0.64	0.59	0.13	-0.19	0.57		0.69	0.42	0.09	-0.57	0.15	0.17	0.53	0.34	0.51	0.89	0.22	-0.34	0.65	0.6	0.31	0.93	0.93	0.18	0.29	0.0
Net Debt	0.56	0.78	0.06	0.07	0.48	0.69		0.38	0.03	-0.48	-0.04	-0.02	0.65	0.42	0.49	0.69	0.03	-0.24	0.56	0.45	0.2	0.69	0.72	0.0	0.4	0.12
Retained Earnings	0.95	0.75	0.83	-0.75	0.97	0.42	0.38		0.71	-0.27	0.74	0.76	0.12	0.57	0.98	0.43	0.75	-0.71	0.94	0.92	0.0	0.63	0.6	-0.21	0.86	0.15
Accounts Payable	0.58	0.62	0.96	-0.93	0.62	0.09	0.03	0.71		-0.15	0.97	0.96	-0.55	0.46	0.63	0.02	0.96	-0.52	0.58	0.5	-0.08	0.17	0.1	-0.52	0.72	0.22
Cash	-0.46	-0.51	-0.17	0.1	-0.42	-0.57	-0.48	-0.27	-0.15		-0.12	-0.11	-0.37	-0.09	-0.41	-0.71	-0.14	-0.11	-0.46	-0.35	-0.24	-0.57	-0.58	-0.05	-0.26	-0.53
Non Current Assets Total	0.63	0.57	0.96	-0.99	0.66	0.15	-0.04	0.74	0.97	-0.12		1.0	-0.54	0.46	0.66	0.08	0.99	-0.58	0.62	0.54	-0.07	0.23	0.16	-0.41	0.68	0.15
Non Currrent Assets Other	0.64	0.58	0.96	-0.99	0.68	0.17	-0.02	0.76	0.96	-0.11	1.0		-0.51	0.44	0.67	0.09	1.0	-0.59	0.64	0.55	-0.05	0.26	0.2	-0.39	0.69	0.09
Other Assets	0.32	0.21	-0.4	0.5	0.26	0.53	0.65	0.12	-0.55	-0.37	-0.54	-0.51		0.04	0.25	0.65	-0.49	0.01	0.33	0.36	0.27	0.58	0.65	0.46	0.02	-0.04
Cash And Short Term Investments	0.6	0.57	0.51	-0.45	0.56	0.34	0.42	0.57	0.46	-0.09	0.46	0.44	0.04		0.56	0.41	0.47	-0.8	0.6	0.59	-0.06	0.36	0.34	-0.21	0.53	0.27
Net Receivables	0.98	0.81	0.77	-0.67	0.98	0.51	0.49	0.98	0.63	-0.41	0.66	0.67	0.25	0.56		0.56	0.67	-0.67	0.98	0.92	0.02	0.71	0.69	-0.15	0.88	0.2
Common Stock Shares Outstanding	0.69	0.6	0.1	-0.12	0.61	0.89	0.69	0.43	0.02	-0.71	0.08	0.09	0.65	0.41	0.56		0.15	-0.27	0.7	0.61	0.26	0.85	0.88	0.28	0.27	0.2
Non Current Liabilities Total	0.65	0.62	0.95	-0.99	0.68	0.22	0.03	0.75	0.96	-0.14	0.99	1.0	-0.49	0.47	0.67	0.15		-0.59	0.65	0.54	-0.04	0.28	0.22	-0.37	0.68	0.1
Other Stockholder Equity	-0.67	-0.47	-0.64	0.61	-0.66	-0.34	-0.24	-0.71	-0.52	-0.11	-0.58	-0.59	0.01	-0.8	-0.67	-0.27	-0.59		-0.67	-0.67	0.11	-0.42	-0.39	0.26	-0.7	0.11
Total Liab	1.0	0.84	0.7	-0.64	0.98	0.65	0.56	0.94	0.58	-0.46	0.62	0.64	0.33	0.6	0.98	0.7	0.65	-0.67		0.94	0.09	0.79	0.78	-0.08	0.8	0.16
Property Plant And Equipment Gross	0.94	0.69	0.62	-0.56	0.95	0.6	0.45	0.92	0.5	-0.35	0.54	0.55	0.36	0.59	0.92	0.61	0.54	-0.67	0.94		0.04	0.75	0.75	-0.12	0.73	0.16
Total Current Assets	0.09	0.1	-0.07	0.06	0.06	0.31	0.2	0.0	-0.08	-0.24	-0.07	-0.05	0.27	-0.06	0.02	0.26	-0.04	0.11	0.09	0.04		0.21	0.23	0.62	-0.15	-0.2
Common Stock Total Equity	0.78	0.65	0.28	-0.28	0.75	0.93	0.69	0.63	0.17	-0.57	0.23	0.26	0.58	0.36	0.71	0.85	0.28	-0.42	0.79	0.75	0.21		0.99	0.15	0.47	0.11
Common Stock	0.78	0.64	0.21	-0.22	0.74	0.93	0.72	0.6	0.1	-0.58	0.16	0.2	0.65	0.34	0.69	0.88	0.22	-0.39	0.78	0.75	0.23	0.99		0.19	0.44	0.07
Other Liab	-0.08	-0.26	-0.41	0.33	-0.11	0.18	0.0	-0.21	-0.52	-0.05	-0.41	-0.39	0.46	-0.21	-0.15	0.28	-0.37	0.26	-0.08	-0.12	0.62	0.15	0.19		-0.44	-0.18
Long Term Debt	0.8	0.75	0.82	-0.66	0.81	0.29	0.4	0.86	0.72	-0.26	0.68	0.69	0.02	0.53	0.88	0.27	0.68	-0.7	0.8	0.73	-0.15	0.47	0.44	-0.44		0.22
Short Term Investments	0.16	0.21	0.22	-0.1	0.18	0.0	0.12	0.15	0.22	-0.53	0.15	0.09	-0.04	0.27	0.2	0.2	0.1	0.11	0.16	0.16	-0.2	0.11	0.07	-0.18	0.22

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Unity Bancorp Account Relationship Matchups

Unity Bancorp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.9B	2.0B	2.4B	2.6B	2.7B
Short Long Term Debt Total	293.3M	250.3M	50.3M	393.3M	366.7M	385.1M
Other Current Liab	(455K)	160.0M	423K	342.4M	1.3B	1.3B
Total Current Liabilities	455K	283K	129K	691K	(1.9M)	(1.8M)
Total Stockholder Equity	160.7M	169.2M	205.7M	239.2M	261.4M	274.5M
Property Plant And Equipment Net	21.3M	20.5M	19.9M	20.0M	24.8M	14.9M
Net Debt	272.2M	228.7M	24.3M	373.6M	172.0M	87.7M
Retained Earnings	70.4M	84.2M	123.0M	157.0M	191.1M	200.7M
Accounts Payable	455K	248K	129K	691K	1.9M	2.0M
Cash	21.1M	21.6M	26.1M	19.7M	20.7M	23.6M
Non Current Assets Total	89.4M	72.4M	100.8M	33.9M	2.3B	2.4B
Non Currrent Assets Other	(5.6M)	(9.2M)	(10.0M)	(140.9M)	2.1B	2.2B
Other Assets	1.5B	1.8B	1.8B	2.3B	156.6M	148.8M
Cash And Short Term Investments	85.4M	70.3M	82.5M	115.1M	112.4M	118.1M
Net Receivables	7.0M	10.2M	9.6M	13.4M	13.6M	14.3M
Common Stock Shares Outstanding	11.0M	10.8M	10.5M	10.7M	10.3M	9.2M
Liabilities And Stockholders Equity	1.7B	1.9B	2.0B	2.4B	2.6B	2.7B
Non Current Liabilities Total	293.3M	250.3M	51.7M	691K	2.3B	2.4B
Other Stockholder Equity	15.8M	(7.4M)	(11.6M)	(11.7M)	(27.4M)	(26.0M)
Total Liab	1.6B	1.8B	1.8B	2.2B	2.3B	2.4B
Property Plant And Equipment Gross	24.1M	22.6M	44.0M	45.8M	41.1M	43.2M
Total Current Assets	92.4M	80.5M	92.1M	128.5M	126.0M	115.1M
Accumulated Other Comprehensive Income	154K	(1.3M)	322K	(3.3M)	(2.7M)	(2.6M)
Common Stock Total Equity	90.1M	91.9M	94.0M	97.2M	111.8M	64.8M
Common Stock	90.1M	91.5M	94.0M	97.2M	100.4M	65.8M
Other Liab	4.2M	4.6M	5.4M	642K	738.3K	701.4K
Short Term Investments	64.3M	48.7M	56.5M	95.4M	91.8M	54.8M
Inventory	(168.6M)	(233.4M)	(256.8M)	(128.2M)	7.1M	7.4M
Property Plant Equipment	23.0M	22.6M	19.9M	20.0M	23.0M	16.3M
Other Current Assets	168.6M	233.4M	256.8M	128.2M	208.4M	402.8M
Intangible Assets	2.0M	1.9M	1.0M	691K	881K	1.5M
Net Tangible Assets	159.2M	172.4M	204.2M	237.7M	273.4M	287.0M
Retained Earnings Total Equity	70.4M	90.7M	123.0M	157.0M	180.5M	189.5M
Long Term Investments	1.4B	50.4M	79.3M	140.9M	135.7M	245.3M
Short Term Debt	243.6M	160.6M	681K	343.7M	351.9M	179.1M

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Unity Net Debt vs Short Term Debt Analysis

Net Debt vs Short Term Debt

Net Debt vs Short Term Debt Correlation Analysis

Correlation Coefficient

Net Debt

Short Term Debt

Unity Bancorp fundamental ratios Correlations

Unity Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Unity Bancorp fundamental ratios Accounts

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Additional Tools for Unity Stock Analysis

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Total Liab	+ 1.0	Total Assets
Non Currrent Assets Other	+ 1.0	Non Current Assets Total
Non Current Liabilities Total	+ 1.0	Non Currrent Assets Other
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Non Current Assets Total
Common Stock	+ 0.99	Common Stock Total Equity

Non Current Liabilities Total	- 0.99	Total Current Liabilities
Non Currrent Assets Other	- 0.99	Total Current Liabilities
Non Current Assets Total	- 0.99	Total Current Liabilities
Total Current Liabilities	- 0.94	Other Current Liab
Accounts Payable	- 0.93	Total Current Liabilities
Other Stockholder Equity	- 0.8	Cash And Short Term Investments