Smith Net Debt vs Short Term Debt Analysis
SMID Stock | USD 37.01 0.62 1.70% |
Smith Midland financial indicator trend analysis is much more than just breaking down Smith Midland Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smith Midland Corp is a good investment. Please check the relationship between Smith Midland 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 Smith Midland 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 gross domestic product.
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 Smith Midland Corp Net Debt account and Short Term Debt. At this time, the significance of the direction appears to have weak relationship.
The correlation between Smith Midland's Net Debt and Short Term Debt is 0.37. 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 Smith Midland Corp, assuming nothing else is changed. The correlation between historical values of Smith Midland'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 Smith Midland Corp 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., Smith Midland's Net Debt and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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 Smith Midland's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smith Midland 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 Smith Midland 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 gross domestic product. At present, Smith Midland's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 32.49, whereas Tax Provision is forecasted to decline to about 46.5 K.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 14.4M | 9.5M | 10.0M | 7.3M | Total Revenue | 50.6M | 50.1M | 57.7M | 31.5M |
Smith Midland fundamental ratios Correlations
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Smith Midland Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Smith Midland fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 42.1M | 46.5M | 53.3M | 54.3M | 62.5M | 65.6M | |
Short Long Term Debt Total | 5.4M | 7.9M | 4.4M | 6.5M | 7.4M | 4.6M | |
Other Current Liab | 2.4M | 3.9M | 7.5M | 1.7M | 2.0M | 1.6M | |
Total Current Liabilities | 9.6M | 8.9M | 13.9M | 11.2M | 12.9M | 13.6M | |
Total Stockholder Equity | 20.8M | 23.6M | 31.8M | 33.1M | 38.0M | 39.9M | |
Property Plant And Equipment Net | 17.7M | 18.6M | 21.9M | 25.1M | 28.9M | 30.3M | |
Net Debt | 4.0M | (840K) | (9.1M) | (256K) | (230.4K) | (218.9K) | |
Retained Earnings | 14.6M | 17.3M | 24.9M | 25.7M | 29.5M | 31.0M | |
Accounts Payable | 3.2M | 1.9M | 2.1M | 5.8M | 6.7M | 7.0M | |
Cash | 1.4M | 8.8M | 13.5M | 6.7M | 7.7M | 8.1M | |
Non Current Assets Total | 23.1M | 23.2M | 25.6M | 25.4M | 29.2M | 30.6M | |
Non Currrent Assets Other | 2.9M | 2.6M | 1.6M | (1.2M) | (1.4M) | (1.3M) | |
Cash And Short Term Investments | 2.5M | 10.0M | 13.5M | 6.7M | 7.7M | 8.1M | |
Net Receivables | 13.5M | 10.5M | 10.9M | 17.7M | 20.3M | 21.4M | |
Common Stock Shares Outstanding | 5.1M | 5.2M | 5.2M | 5.3M | 6.0M | 4.7M | |
Liabilities And Stockholders Equity | 42.1M | 46.5M | 53.3M | 54.3M | 62.5M | 65.6M | |
Non Current Liabilities Total | 11.7M | 14.0M | 7.7M | 10.0M | 11.5M | 12.1M | |
Inventory | 2.2M | 2.2M | 2.8M | 3.8M | 4.4M | 2.5M | |
Other Current Assets | 784K | 615K | 551K | 22.2M | 25.5M | 26.8M | |
Other Stockholder Equity | 6.1M | 6.3M | 6.8M | 7.3M | 8.4M | 9.1M | |
Total Liab | 21.3M | 22.9M | 21.6M | 21.3M | 24.4M | 25.7M | |
Property Plant And Equipment Gross | 17.7M | 18.6M | 37.2M | 25.1M | 28.9M | 30.3M | |
Total Current Assets | 19.0M | 23.3M | 27.8M | 28.9M | 33.3M | 34.9M | |
Short Term Debt | 1.0M | 825K | 557K | 695K | 625.5K | 596.3K | |
Current Deferred Revenue | 3.0M | 2.3M | 3.8M | 3.0M | 3.4M | 3.6M | |
Other Liab | 7.3M | 6.9M | 3.8M | 4.3M | 4.9M | 3.2M | |
Other Assets | 5.3M | 4.6M | 3.6M | 249K | 286.4K | 272.0K | |
Long Term Debt | 4.1M | 6.9M | 3.7M | 5.7M | 6.6M | 4.0M | |
Property Plant Equipment | 17.7M | 18.6M | 21.9M | 25.1M | 28.9M | 30.3M | |
Net Tangible Assets | 20.8M | 23.6M | 31.8M | 33.1M | 38.0M | 21.2M | |
Retained Earnings Total Equity | 13.0M | 14.6M | 17.3M | 25.7M | 29.5M | 31.0M | |
Long Term Debt Total | 2.9M | 2.8M | 4.1M | 6.9M | 7.9M | 8.3M | |
Capital Surpluse | 6.0M | 6.2M | 6.4M | 7.4M | 8.6M | 6.4M | |
Deferred Long Term Liab | 1.4M | 2.1M | 3.1M | 2.2M | 2.5M | 1.6M | |
Short Long Term Debt | 925K | 740K | 468K | 618K | 710.7K | 749.7K |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Smith Midland in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Smith Midland's short interest history, or implied volatility extrapolated from Smith Midland options trading.
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When determining whether Smith Midland Corp is a strong investment it is important to analyze Smith Midland'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 Smith Midland's future performance. For an informed investment choice regarding Smith 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 Smith Midland 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 gross domestic product. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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When running Smith Midland's price analysis, check to measure Smith Midland'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 Smith Midland is operating at the current time. Most of Smith Midland's value examination focuses on studying past and present price action to predict the probability of Smith Midland's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smith Midland's price. Additionally, you may evaluate how the addition of Smith Midland to your portfolios can decrease your overall portfolio volatility.
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Is Smith Midland'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 Smith Midland. If investors know Smith 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 Smith Midland 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 252.968 | Earnings Share 0.11 | Revenue Per Share 10.981 | Quarterly Revenue Growth 0.309 | Return On Assets 0.0056 |
The market value of Smith Midland Corp is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith Midland's value that differs from its market value or its book value, called intrinsic value, which is Smith Midland'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 Smith Midland's market value can be influenced by many factors that don't directly affect Smith Midland'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 Smith Midland's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Midland is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Midland'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.