Spire Net Tangible Assets vs Accounts Payable Analysis
SR Stock | USD 63.86 0.62 0.96% |
Spire financial indicator trend analysis is much more than just breaking down Spire Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spire Inc is a good investment. Please check the relationship between Spire Net Tangible Assets and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spire Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Net Tangible Assets vs Accounts Payable
Net Tangible Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spire Inc Net Tangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Spire's Net Tangible Assets and Accounts Payable is -0.06. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Spire Inc, assuming nothing else is changed. The correlation between historical values of Spire's Net Tangible Assets and Accounts Payable 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 Tangible Assets of Spire Inc are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Tangible Assets i.e., Spire's Net Tangible Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Accounts Payable
An accounting item on the balance sheet that represents Spire obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Spire Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Spire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spire Inc 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 Spire Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Spire's Selling General Administrative is relatively stable compared to the past year. As of 10/31/2024, Tax Provision is likely to grow to about 35.2 M, while Enterprise Value Multiple is likely to drop 7.91.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 825M | 887.9M | 1.0B | 585.4M | Total Revenue | 2.2B | 2.7B | 3.1B | 3.2B |
Spire fundamental ratios Correlations
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Spire Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spire fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 51.3M | 51.7M | 52.1M | 52.6M | 60.5M | 63.5M | |
Total Assets | 8.2B | 9.4B | 10.1B | 10.3B | 11.9B | 12.5B | |
Short Long Term Debt Total | 3.1B | 3.7B | 4.3B | 4.7B | 5.4B | 5.6B | |
Other Current Liab | 421.6M | 409.6M | 370.6M | 341.6M | 392.8M | 412.5M | |
Total Current Liabilities | 1.4B | 1.6B | 2.4B | 1.8B | 2.0B | 2.1B | |
Total Stockholder Equity | 2.5B | 2.7B | 2.8B | 2.9B | 3.4B | 3.5B | |
Property Plant And Equipment Net | 4.7B | 5.1B | 5.9B | 6.5B | 7.5B | 7.9B | |
Current Deferred Revenue | 75.9M | 61M | 46.9M | 48.6M | 55.9M | 58.7M | |
Net Debt | 3.1B | 3.7B | 4.3B | 4.7B | 5.4B | 5.6B | |
Retained Earnings | 720.7M | 843M | 905.5M | 958M | 1.1B | 1.2B | |
Accounts Payable | 243.3M | 409.9M | 617.4M | 253.1M | 291.1M | 158.1M | |
Cash | 4.1M | 4.3M | 6.5M | 5.6M | 6.4M | 6.1M | |
Non Current Assets Total | 7.7B | 8.0B | 8.5B | 9.2B | 10.6B | 11.2B | |
Non Currrent Assets Other | 225.5M | 264.9M | 258.1M | 708.8M | 637.9M | 669.8M | |
Cash And Short Term Investments | 4.1M | 4.3M | 6.5M | 5.6M | 6.4M | 6.1M | |
Net Receivables | 253.3M | 596.3M | 622.7M | 288.5M | 331.8M | 201.9M | |
Common Stock Total Equity | 51M | 51.6M | 51.7M | 52.5M | 60.4M | 32.7M | |
Liabilities And Stockholders Equity | 8.2B | 9.4B | 10.1B | 10.3B | 11.9B | 12.5B | |
Non Current Liabilities Total | 4.3B | 5.1B | 4.9B | 5.6B | 6.5B | 6.8B | |
Inventory | 191.5M | 305M | 422.3M | 279.5M | 321.4M | 182.4M | |
Other Current Assets | 141.7M | 410.9M | 540.5M | 503.3M | 578.8M | 607.7M | |
Other Stockholder Equity | 3.6B | 1.5B | 242M | 1.6B | 1.5B | 1.5B | |
Total Liab | 5.7B | 6.7B | 7.3B | 7.4B | 8.5B | 8.9B | |
Property Plant And Equipment Gross | 5.1B | 471.1M | 491.4M | 8.9B | 10.3B | 10.8B | |
Total Current Assets | 590.6M | 1.3B | 1.6B | 1.1B | 1.2B | 1.3B | |
Accumulated Other Comprehensive Income | (41.2M) | 3.6M | 47.2M | 47.6M | 54.7M | 57.5M | |
Short Term Debt | 708.4M | 727.8M | 1.3B | 1.1B | 1.3B | 1.3B | |
Common Stock | 1.6B | 1.6B | 1.6B | 1.7B | 1.9B | 2.0B | |
Other Liab | 1.8B | 2.2B | 1.9B | 2.0B | 2.3B | 2.4B | |
Other Assets | 1.2B | 1.3B | 1.3B | 1.5B | 1.7B | 1.8B | |
Long Term Debt | 2.4B | 2.9B | 3.0B | 3.6B | 4.1B | 4.3B | |
Property Plant Equipment | 432.3M | 5.6B | 5.9B | 6.5B | 7.4B | 7.8B | |
Deferred Long Term Liab | 1.1B | 1.3B | 1.1B | 1.2B | 1.4B | 774.9M | |
Net Tangible Assets | 2.3B | 1.2B | 1.4B | 1.5B | 1.4B | 1.4B | |
Long Term Debt Total | 2.1B | 2.4B | 2.9B | 3.0B | 3.4B | 2.1B |
Pair Trading with Spire
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spire position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spire will appreciate offsetting losses from the drop in the long position's value.Moving together with Spire Stock
Moving against Spire Stock
The ability to find closely correlated positions to Spire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spire when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spire - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spire Inc to buy it.
The correlation of Spire is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spire Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Spire can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Spire Stock Analysis
When running Spire's price analysis, check to measure Spire'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 Spire is operating at the current time. Most of Spire's value examination focuses on studying past and present price action to predict the probability of Spire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spire's price. Additionally, you may evaluate how the addition of Spire to your portfolios can decrease your overall portfolio volatility.