Superior Long Term Debt vs Net Working Capital Analysis
SDPI Stock | USD 1.36 0.04 3.03% |
Superior Drilling financial indicator trend analysis is much more than just breaking down Superior Drilling prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Superior Drilling is a good investment. Please check the relationship between Superior Drilling Long Term Debt and its Net Working Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Superior Drilling Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Long Term Debt vs Net Working Capital
Long Term Debt vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Superior Drilling Long Term Debt account and Net Working Capital. At this time, the significance of the direction appears to have pay attention.
The correlation between Superior Drilling's Long Term Debt and Net Working Capital is -0.84. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Superior Drilling Products, assuming nothing else is changed. The correlation between historical values of Superior Drilling's Long Term Debt and Net Working 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 Long Term Debt of Superior Drilling Products are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Long Term Debt i.e., Superior Drilling's Long Term Debt and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.84 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that Superior Drilling has held for over one year. Long-term debt appears on Superior Drilling Products 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 Superior Drilling Products 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.Net Working Capital
Most indicators from Superior Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Superior Drilling 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 Superior Drilling Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. As of now, Superior Drilling's Enterprise Value is decreasing as compared to previous years.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 539.4K | 572.6K | 689.4K | 821.1K | Depreciation And Amortization | 2.1M | 1.7M | 1.6M | 2.2M |
Superior Drilling fundamental ratios Correlations
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Superior Drilling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Superior Drilling fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 16.8M | 13.0M | 14.6M | 17.6M | 27.9M | 21.0M | |
Short Long Term Debt Total | 8.0M | 2.9M | 6.7M | 6.3M | 6.7M | 10.3M | |
Other Current Liab | 699.7K | 61.7K | 674.0K | 784.4K | 870.1K | 1.2M | |
Total Current Liabilities | 5.8M | 3.2M | 4.1M | 3.7M | 3.8M | 4.6M | |
Total Stockholder Equity | 7.1M | 4.2M | 6.1M | 8.1M | 16.7M | 12.0M | |
Property Plant And Equipment Net | 8.0M | 7.6M | 7.0M | 9.2M | 11.7M | 8.7M | |
Net Debt | 6.7M | 986.8K | 3.8M | 4.2M | 4.0M | 3.8M | |
Accounts Payable | 945.4K | 430.0K | 1.1M | 1.0M | 1.5M | 927.7K | |
Cash | 1.2M | 2.0M | 2.8M | 2.2M | 2.7M | 2.5M | |
Non Current Assets Total | 10.1M | 8.5M | 7.3M | 9.6M | 19.2M | 15.8M | |
Non Currrent Assets Other | 93.6K | 87.5K | 65.9K | 327.5K | 199.8K | 189.8K | |
Other Assets | 93.6K | 187.3K | 65.9K | 111.5K | 100.4K | 95.3K | |
Long Term Debt | 3.8M | 1.5M | 256.7K | 529.5K | 1.6M | 1.5M | |
Cash And Short Term Investments | 1.2M | 2.0M | 2.8M | 2.2M | 2.7M | 2.5M | |
Net Receivables | 3.9M | 1.3M | 2.9M | 3.2M | 2.7M | 2.8M | |
Common Stock Shares Outstanding | 25.1M | 25.5M | 26.4M | 28.7M | 29.8M | 23.1M | |
Liabilities And Stockholders Equity | 16.8M | 13.0M | 14.6M | 17.6M | 27.9M | 21.0M | |
Non Current Liabilities Total | 3.8M | 5.6M | 4.4M | 5.8M | 7.5M | 7.7M | |
Inventory | 924.0K | 1.0M | 1.2M | 2.1M | 2.7M | 2.8M | |
Other Current Assets | 252.2K | 40.6K | 55.2K | 140.2K | 708.7K | 744.2K | |
Other Stockholder Equity | 40.1M | 40.6M | 43.1M | 43.9M | 45.1M | 39.3M | |
Total Liab | 9.7M | 8.8M | 8.5M | 9.5M | 11.3M | 12.3M | |
Property Plant And Equipment Gross | 8.0M | 7.6M | 7.0M | 9.2M | 23.6M | 24.8M | |
Total Current Assets | 6.6M | 4.5M | 7.4M | 8.0M | 8.8M | 7.1M | |
Short Term Debt | 4.1M | 1.5M | 2.3M | 1.2M | 773.0K | 734.3K | |
Property Plant Equipment | 8.0M | 7.6M | 7.0M | 9.2M | 8.3M | 8.6M | |
Common Stock | 25.4K | 25.8K | 28.2K | 29.2K | 30.4K | 24.7K | |
Net Tangible Assets | 7.1M | 3.4M | 5.9M | 8.0M | 7.2M | 8.5M | |
Retained Earnings | (33.0M) | (36.4M) | (37.0M) | (35.9M) | (28.5M) | (29.9M) | |
Common Stock Total Equity | 24.5K | 25.0K | 25.4K | 25.8K | 29.6K | 25.1K | |
Retained Earnings Total Equity | (24.6M) | (32.1M) | (33.0M) | (36.4M) | (32.8M) | (34.4M) | |
Capital Surpluse | 38.9M | 39.4M | 40.1M | 40.6M | 46.7M | 40.8M | |
Short Long Term Debt | 4.1M | 1.4M | 2.2M | 1.1M | 635.3K | 603.5K | |
Intangible Assets | 2.0M | 819.4K | 236.1K | 69.4K | 62.5K | 59.4K |
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When determining whether Superior Drilling offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Superior Drilling's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Superior Drilling Products Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Superior Drilling Products Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Superior Drilling Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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When running Superior Drilling's price analysis, check to measure Superior Drilling'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 Superior Drilling is operating at the current time. Most of Superior Drilling's value examination focuses on studying past and present price action to predict the probability of Superior Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Superior Drilling's price. Additionally, you may evaluate how the addition of Superior Drilling to your portfolios can decrease your overall portfolio volatility.
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Is Superior Drilling'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 Superior Drilling. If investors know Superior 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 Superior Drilling 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 17.336 | Earnings Share 0.14 | Revenue Per Share 0.706 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0498 |
The market value of Superior Drilling is measured differently than its book value, which is the value of Superior that is recorded on the company's balance sheet. Investors also form their own opinion of Superior Drilling's value that differs from its market value or its book value, called intrinsic value, which is Superior Drilling'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 Superior Drilling's market value can be influenced by many factors that don't directly affect Superior Drilling'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 Superior Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Superior Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Superior Drilling'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.