SP Plus Total Current Assets vs Long Term Debt Total Analysis
SP Stock | USD 51.50 0.01 0.02% |
SP Plus financial indicator trend analysis is much more than just breaking down SP Plus Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SP Plus Corp is a good investment. Please check the relationship between SP Plus Total Current Assets and its Long Term Debt Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Plus Corp. 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.
Total Current Assets vs Long Term Debt Total
Total Current Assets vs Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SP Plus Corp Total Current Assets account and Long Term Debt Total. At this time, the significance of the direction appears to have weak relationship.
The correlation between SP Plus' Total Current Assets and Long Term Debt Total is 0.3. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of SP Plus Corp, assuming nothing else is changed. The correlation between historical values of SP Plus' Total Current Assets and Long Term Debt Total 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 Current Assets of SP Plus Corp are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Total Current Assets i.e., SP Plus' Total Current Assets and Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Long Term Debt Total
Most indicators from SP Plus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SP Plus Corp 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 SP Plus Corp. 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. At this time, SP Plus' Tax Provision is relatively stable compared to the past year. As of 05/05/2024, Sales General And Administrative To Revenue is likely to grow to 0.08, while Enterprise Value Multiple is likely to drop 6.28.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 179.8M | 221.7M | 218.5M | 127.6M | Total Revenue | 1.2B | 1.6B | 1.8B | 1.0B |
SP Plus fundamental ratios Correlations
Click cells to compare fundamentals
SP Plus Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SP Plus fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 1.1B | 1.1B | 1.1B | 1.2B | 635.0M | |
Short Long Term Debt Total | 811.9M | 687.6M | 589.7M | 562.9M | 566.3M | 287.3M | |
Other Current Liab | 102M | 100.2M | 107.6M | 120.2M | 110.6M | 57.3M | |
Total Current Liabilities | 369.8M | 317.6M | 332.8M | 343.6M | 337.4M | 182.7M | |
Total Stockholder Equity | 374.1M | 183.1M | 222.5M | 226M | 250.8M | 263.3M | |
Property Plant And Equipment Net | 479.6M | 288.4M | 201.2M | 227.1M | 247.7M | 260.1M | |
Current Deferred Revenue | 19.4M | 12.5M | 15.7M | 17.4M | 17.5M | 25.0M | |
Net Debt | 787.8M | 673.7M | 574M | 550.5M | 547.2M | 574.6M | |
Retained Earnings | 169.5M | (3.3M) | 28.4M | 73.6M | 104.7M | 109.9M | |
Accounts Payable | 115.3M | 97.8M | 118.5M | 133.4M | 136.6M | 78.3M | |
Cash | 24.1M | 13.9M | 15.7M | 12.4M | 19.1M | 16.2M | |
Non Current Assets Total | 1.3B | 985.8M | 928.7M | 924.6M | 939.7M | 512.3M | |
Non Currrent Assets Other | 29.9M | 33.8M | 146.5M | 29.1M | (559.4M) | (531.4M) | |
Cash And Short Term Investments | 24.1M | 13.9M | 15.7M | 12.4M | 19.1M | 16.2M | |
Net Receivables | 162.3M | 111.2M | 139.6M | 167.7M | 180.5M | 91.7M | |
Good Will | 585.5M | 586M | 526.6M | 543.2M | 544.6M | 321.2M | |
Common Stock Shares Outstanding | 22.2M | 21.1M | 21.4M | 21.0M | 19.8M | 22.1M | |
Liabilities And Stockholders Equity | 1.5B | 1.1B | 1.1B | 1.1B | 1.2B | 635.0M | |
Non Current Liabilities Total | 735.9M | 638.7M | 561.3M | 552.1M | 563.8M | 341.2M | |
Other Current Assets | 24.7M | 26.8M | 32.2M | 16.7M | 12.6M | 12.6M | |
Other Stockholder Equity | 207.3M | 190.8M | 196.9M | 154.2M | 147.4M | 152.9M | |
Total Liab | 1.1B | 956.3M | 894.1M | 895.7M | 901.2M | 523.8M | |
Property Plant And Equipment Gross | 479.6M | 288.4M | 201.2M | 227.1M | 380.3M | 399.3M | |
Total Current Assets | 211.1M | 151.9M | 187.5M | 196.8M | 212.2M | 122.7M | |
Accumulated Other Comprehensive Income | (2.7M) | (4.4M) | (2.8M) | (1.8M) | (1.3M) | (1.4M) | |
Short Term Debt | 133.1M | 107.1M | 91M | 72.6M | 72.7M | 76.3M | |
Other Liab | 57.1M | 58.2M | 62.6M | 61.8M | 71.1M | 63.2M | |
Other Assets | 40.5M | 397M | 146.5M | 73.5M | 84.5M | 53.4M | |
Long Term Debt | 351.1M | 337.1M | 298.4M | 331.8M | 335.6M | 220.1M | |
Intangible Assets | 152.2M | 63.1M | 54.4M | 68.9M | 59.7M | 70.6M | |
Property Plant Equipment | 479.6M | 53.3M | 201.2M | 60.2M | 69.2M | 62.2M | |
Noncontrolling Interest In Consolidated Entity | (200K) | (1.7M) | (400K) | (300K) | (270K) | (256.5K) | |
Retained Earnings Total Equity | 169.5M | (3.3M) | 28.4M | 73.6M | 84.6M | 88.9M |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SP Plus Corp. 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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Is SP Plus' 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 SP Plus. If investors know SP Plus 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 SP Plus 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 (0.1) | Earnings Share 1.53 | Revenue Per Share 46.191 | Quarterly Revenue Growth 1.089 | Return On Assets 0.0515 |
The market value of SP Plus Corp is measured differently than its book value, which is the value of SP Plus that is recorded on the company's balance sheet. Investors also form their own opinion of SP Plus' value that differs from its market value or its book value, called intrinsic value, which is SP Plus' 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 SP Plus' market value can be influenced by many factors that don't directly affect SP Plus' 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 SP Plus' value and its price as these two are different measures arrived at by different means. Investors typically determine if SP Plus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP Plus' 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.