Steelcase Net Debt vs Cash Analysis
| SCS Stock | USD 13.37 0.19 1.44% |
Steelcase financial indicator trend analysis is much more than just breaking down Steelcase prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Steelcase is a good investment. Please check the relationship between Steelcase Net Debt and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steelcase. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Steelcase Stock please use our How to Invest in Steelcase guide.
Net Debt vs Cash
Net Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Steelcase Net Debt account and Cash. At this time, the significance of the direction appears to have no relationship.
The correlation between Steelcase's Net Debt and Cash is 0.01. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Steelcase, assuming nothing else is changed. The correlation between historical values of Steelcase's Net Debt and Cash 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 Steelcase are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Steelcase's Net Debt and Cash go up and down completely randomly.
Correlation Coefficient | 0.01 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
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.Cash
Cash refers to the most liquid asset of Steelcase, which is listed under current asset account on Steelcase balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Steelcase customers. The amounts must be unrestricted with restricted cash listed in a different Steelcase account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Steelcase's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Steelcase 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 Steelcase. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Steelcase Stock please use our How to Invest in Steelcase guide.At this time, Steelcase's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 2.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 570 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 761.5M | 919.4M | 1.0B | 759.3M | Total Revenue | 2.8B | 3.2B | 3.2B | 3.3B |
Steelcase fundamental ratios Correlations
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Steelcase Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When determining whether Steelcase is a strong investment it is important to analyze Steelcase's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Steelcase's future performance. For an informed investment choice regarding Steelcase Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steelcase. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Steelcase Stock please use our How to Invest in Steelcase guide.Note that the Steelcase information on this page should be used as a complementary analysis to other Steelcase's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Steelcase Stock analysis
When running Steelcase's price analysis, check to measure Steelcase'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 Steelcase is operating at the current time. Most of Steelcase's value examination focuses on studying past and present price action to predict the probability of Steelcase's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steelcase's price. Additionally, you may evaluate how the addition of Steelcase to your portfolios can decrease your overall portfolio volatility.
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Is Steelcase's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Steelcase. If investors know Steelcase will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Steelcase listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.371 | Dividend Share 0.4 | Earnings Share 0.68 | Revenue Per Share 27.716 | Quarterly Revenue Growth (0.03) |
The market value of Steelcase is measured differently than its book value, which is the value of Steelcase that is recorded on the company's balance sheet. Investors also form their own opinion of Steelcase's value that differs from its market value or its book value, called intrinsic value, which is Steelcase's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Steelcase's market value can be influenced by many factors that don't directly affect Steelcase's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Steelcase's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steelcase is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steelcase's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.