Summit Cash And Short Term Investments vs Total Current Liabilities Analysis
SMLP Stock | USD 31.94 0.15 0.47% |
Summit Midstream financial indicator trend analysis is much more than just breaking down Summit Midstream Partners prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Summit Midstream Partners is a good investment. Please check the relationship between Summit Midstream Cash And Short Term Investments and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Midstream Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Cash And Short Term Investments vs Total Current Liabilities
Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Midstream Partners Cash And Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Summit Midstream's Cash And Short Term Investments and Total Current Liabilities is -0.09. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Summit Midstream Partners, assuming nothing else is changed. The correlation between historical values of Summit Midstream's Cash And Short Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Summit Midstream Partners are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash And Short Term Investments i.e., Summit Midstream's Cash And Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Summit Midstream Partners balance sheet. This account contains Summit Midstream investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Summit Midstream Partners fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Total Current Liabilities
Total Current Liabilities is an item on Summit Midstream balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Summit Midstream Partners are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Summit Midstream's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Summit Midstream Partners 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 Summit Midstream Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, Summit Midstream's Selling General Administrative is relatively stable compared to the past year. As of 06/09/2024, Sales General And Administrative To Revenue is likely to grow to 0.15, while Enterprise Value Multiple is likely to drop 7.63.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 199.6M | 173.7M | 122.9M | 173.6M | Total Revenue | 400.6M | 369.6M | 458.9M | 369.2M |
Summit Midstream fundamental ratios Correlations
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Summit Midstream Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Summit Midstream fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.6B | 2.5B | 2.5B | 2.6B | 2.5B | 2.3B | |
Other Current Liab | 11.9M | 5.4M | 3.7M | 84.3M | 81.4M | 85.4M | |
Total Current Liabilities | 84.1M | 68.4M | 79.2M | 117.9M | 134.0M | 76.8M | |
Total Stockholder Equity | 791.0M | 1.0B | 1.0B | 883.4M | 843.2M | 741.4M | |
Other Liab | 224.9M | 68.2M | 77.5M | 68.5M | 78.7M | 74.8M | |
Accounts Payable | 24.4M | 11.9M | 10.5M | 14.1M | 22.7M | 15.0M | |
Cash | 32.3M | 15.5M | 7.3M | 11.8M | 16.6M | 15.3M | |
Other Assets | 9.7M | 400.6M | 12.9M | 25.3M | 29.0M | 45.1M | |
Common Stock Shares Outstanding | 5.5M | 3.7M | 6.7M | 10.0M | 10.3M | 6.7M | |
Other Current Assets | 5.0M | 4.6M | 5.7M | 8.7M | 5.5M | 4.4M | |
Total Liab | 1.8B | 1.6B | 1.6B | 1.8B | 1.7B | 1.3B | |
Intangible Assets | 232.3M | 199.6M | 172.9M | 198.7M | 175.6M | 226.2M | |
Property Plant Equipment | 1.9B | 1.8B | 1.7B | 1.7B | 2.0B | 1.5B | |
Short Long Term Debt Total | 1.5B | 1.3B | 1.4B | 1.5B | 1.5B | 1.1B | |
Property Plant And Equipment Net | 1.9B | 1.8B | 1.7B | 1.7B | 1.7B | 1.6B | |
Net Debt | 1.4B | 1.3B | 1.3B | 1.5B | 1.5B | 1.1B | |
Non Current Assets Total | 2.4B | 2.4B | 2.4B | 2.5B | 2.4B | 2.4B | |
Non Currrent Assets Other | 9.7M | 7.9M | 12.9M | 38.3M | 10.5M | 14.4M | |
Long Term Debt | 1.5B | 1.3B | 1.4B | 1.5B | 1.5B | 1.2B | |
Cash And Short Term Investments | 32.3M | 15.5M | 7.3M | 11.8M | 16.6M | 11.4M | |
Net Receivables | 102.1M | 61.9M | 62.1M | 75.3M | 76.3M | 78.6M | |
Liabilities And Stockholders Equity | 1.8B | 1.6B | 1.6B | 1.8B | 2.5B | 1.9B | |
Non Current Liabilities Total | 1.7B | 1.5B | 1.5B | 1.7B | 1.5B | 1.4B | |
Other Stockholder Equity | 164.4M | 1.0B | 1.0B | 143.4M | 843.2M | 804.6M | |
Property Plant And Equipment Gross | 1.9B | 1.8B | 2.3B | 2.4B | 2.5B | 1.8B | |
Total Current Assets | 139.5M | 82.1M | 87.4M | 97.5M | 98.4M | 100.2M | |
Accumulated Other Comprehensive Income | (309.4M) | (387.1M) | (442.7M) | (883.4M) | (795.1M) | (755.3M) | |
Net Tangible Assets | 558.7M | 813.0M | 561.7M | 684.7M | 787.4M | 765.2M | |
Current Deferred Revenue | 13.5M | 10.0M | 10.4M | 9.1M | 10.2M | 12.1M | |
Long Term Debt Total | 1.5B | 1.3B | 1.4B | 1.5B | 1.7B | 1.3B | |
Non Current Liabilities Other | 228.0M | 71.5M | 32.4M | 38.8M | 30.3M | 28.8M | |
Short Term Debt | 34.3M | 41.2M | 54.7M | 10.5M | 19.7M | 31.4M | |
Common Stock | 305.6M | 748.5M | 734.6M | 679.5M | 621.7M | 740.5M | |
Long Term Investments | 309.7M | 392.7M | 523.2M | 506.7M | 486.4M | 446.0M | |
Net Invested Capital | 2.2B | 2.3B | 2.3B | 2.3B | 2.2B | 1.8B |
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