Summit Long Term Debt vs Cash Analysis

SMLP Stock

USD 32.53 0.42 1.27%

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 Long Term Debt and its Cash 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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Long Term Debt vs Cash

Long Term Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Midstream Partners Long Term Debt account and Cash. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Summit Midstream's Long Term Debt and Cash is 0.12. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash 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 Long Term Debt and Cash 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 Summit Midstream Partners are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Long Term Debt i.e., Summit Midstream's Long Term Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.12

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Long Term Debt

Long-term debt is a debt that Summit Midstream Partners has held for over one year. Long-term debt appears on Summit Midstream Partners 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 Summit Midstream Partners 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.

Cash

Cash refers to the most liquid asset of Summit Midstream Partners, which is listed under current asset account on Summit Midstream Partners balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Summit Midstream customers. The amounts must be unrestricted with restricted cash listed in a different Summit Midstream account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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 tightly coupled 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 06/01/2024, 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

Gross Profit Total Revenue

Summit Midstream fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Intangible Assets	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Stockholder Equity	Property Plant And Equipment Gross	Total Current Assets	Net Tangible Assets
Total Assets		0.27	0.77	0.39	0.68	0.11	-0.12	0.17	-0.64	0.74	0.97	0.17	0.97	0.87	0.96	0.88	0.98	0.32	0.86	-0.24	0.85	0.94	0.36	0.86	0.74	0.72
Other Current Liab	0.27		0.66	0.15	-0.14	-0.06	0.06	-0.06	0.0	0.6	0.35	-0.27	0.34	0.46	0.31	0.46	0.29	0.57	0.44	-0.04	0.25	0.35	-0.11	0.54	0.27	0.26
Total Current Liabilities	0.77	0.66		0.18	0.3	0.26	0.0	0.05	-0.33	0.82	0.84	-0.18	0.85	0.88	0.8	0.88	0.77	0.5	0.85	-0.09	0.68	0.82	0.02	0.92	0.65	0.55
Total Stockholder Equity	0.39	0.15	0.18		0.16	-0.56	0.08	0.2	-0.09	0.4	0.42	0.02	0.41	0.44	0.42	0.44	0.39	0.17	0.47	0.04	0.28	0.43	0.76	0.42	0.31	0.21
Other Liab	0.68	-0.14	0.3	0.16		0.33	-0.38	-0.14	-0.33	0.17	0.6	0.25	0.55	0.39	0.59	0.4	0.72	-0.12	0.36	-0.4	0.62	0.62	0.4	0.35	0.42	0.59
Accounts Payable	0.11	-0.06	0.26	-0.56	0.33		-0.03	-0.28	0.15	-0.16	0.11	-0.01	0.13	0.04	0.11	0.04	0.12	-0.22	0.04	-0.02	0.25	0.09	-0.3	0.0	0.16	0.21
Cash	-0.12	0.06	0.0	0.08	-0.38	-0.03		0.07	-0.08	0.02	-0.03	0.25	-0.01	0.09	-0.05	0.07	-0.19	0.06	0.12	0.97	0.24	-0.06	-0.27	-0.08	0.48	-0.45
Other Assets	0.17	-0.06	0.05	0.2	-0.14	-0.28	0.07		-0.2	0.14	0.2	-0.19	0.24	0.26	0.25	0.26	0.17	-0.11	0.25	0.04	-0.04	0.2	0.15	0.16	-0.03	0.26
Common Stock Shares Outstanding	-0.64	0.0	-0.33	-0.09	-0.33	0.15	-0.08	-0.2		-0.41	-0.51	-0.5	-0.6	-0.42	-0.56	-0.42	-0.55	-0.23	-0.45	0.05	-0.62	-0.45	-0.08	-0.41	-0.57	-0.36
Other Current Assets	0.74	0.6	0.82	0.4	0.17	-0.16	0.02	0.14	-0.41		0.81	-0.11	0.77	0.85	0.74	0.85	0.7	0.73	0.81	-0.09	0.55	0.78	-0.01	0.88	0.56	0.39
Total Liab	0.97	0.35	0.84	0.42	0.6	0.11	-0.03	0.2	-0.51	0.81		0.0	0.98	0.96	0.98	0.96	0.96	0.35	0.93	-0.13	0.83	0.99	0.28	0.92	0.77	0.62
Intangible Assets	0.17	-0.27	-0.18	0.02	0.25	-0.01	0.25	-0.19	-0.5	-0.11	0.0		0.04	-0.17	-0.03	-0.17	0.04	0.09	-0.1	0.16	0.32	-0.09	0.14	-0.21	0.28	-0.04
Property Plant Equipment	0.97	0.34	0.85	0.41	0.55	0.13	-0.01	0.24	-0.6	0.77	0.98	0.04		0.94	0.98	0.94	0.95	0.31	0.93	-0.12	0.84	0.95	0.32	0.92	0.77	0.67
Short Long Term Debt Total	0.87	0.46	0.88	0.44	0.39	0.04	0.09	0.26	-0.42	0.85	0.96	-0.17	0.94		0.95	1.0	0.88	0.41	0.98	0.0	0.77	0.96	0.22	0.96	0.77	0.53
Property Plant And Equipment Net	0.96	0.31	0.8	0.42	0.59	0.11	-0.05	0.25	-0.56	0.74	0.98	-0.03	0.98	0.95		0.95	0.97	0.31	0.94	-0.15	0.85	0.98	0.34	0.91	0.78	0.68
Net Debt	0.88	0.46	0.88	0.44	0.4	0.04	0.07	0.26	-0.42	0.85	0.96	-0.17	0.94	1.0	0.95		0.89	0.41	0.98	-0.01	0.77	0.96	0.23	0.97	0.76	0.54
Non Current Assets Total	0.98	0.29	0.77	0.39	0.72	0.12	-0.19	0.17	-0.55	0.7	0.96	0.04	0.95	0.88	0.97	0.89		0.29	0.87	-0.29	0.83	0.96	0.4	0.87	0.71	0.76
Non Currrent Assets Other	0.32	0.57	0.5	0.17	-0.12	-0.22	0.06	-0.11	-0.23	0.73	0.35	0.09	0.31	0.41	0.31	0.41	0.29		0.42	0.01	0.31	0.33	-0.18	0.46	0.35	0.13
Long Term Debt	0.86	0.44	0.85	0.47	0.36	0.04	0.12	0.25	-0.45	0.81	0.93	-0.1	0.93	0.98	0.94	0.98	0.87	0.42		0.04	0.8	0.93	0.27	0.94	0.8	0.48
Cash And Short Term Investments	-0.24	-0.04	-0.09	0.04	-0.4	-0.02	0.97	0.04	0.05	-0.09	-0.13	0.16	-0.12	0.0	-0.15	-0.01	-0.29	0.01	0.04		0.14	-0.14	-0.29	-0.17	0.39	-0.53
Net Receivables	0.85	0.25	0.68	0.28	0.62	0.25	0.24	-0.04	-0.62	0.55	0.83	0.32	0.84	0.77	0.85	0.77	0.83	0.31	0.8	0.14		0.82	0.23	0.69	0.96	0.46
Non Current Liabilities Total	0.94	0.35	0.82	0.43	0.62	0.09	-0.06	0.2	-0.45	0.78	0.99	-0.09	0.95	0.96	0.98	0.96	0.96	0.33	0.93	-0.14	0.82		0.3	0.92	0.76	0.62
Other Stockholder Equity	0.36	-0.11	0.02	0.76	0.4	-0.3	-0.27	0.15	-0.08	-0.01	0.28	0.14	0.32	0.22	0.34	0.23	0.4	-0.18	0.27	-0.29	0.23	0.3		0.24	0.13	0.43
Property Plant And Equipment Gross	0.86	0.54	0.92	0.42	0.35	0.0	-0.08	0.16	-0.41	0.88	0.92	-0.21	0.92	0.96	0.91	0.97	0.87	0.46	0.94	-0.17	0.69	0.92	0.24		0.66	0.56
Total Current Assets	0.74	0.27	0.65	0.31	0.42	0.16	0.48	-0.03	-0.57	0.56	0.77	0.28	0.77	0.77	0.78	0.76	0.71	0.35	0.8	0.39	0.96	0.76	0.13	0.66		0.26
Net Tangible Assets	0.72	0.26	0.55	0.21	0.59	0.21	-0.45	0.26	-0.36	0.39	0.62	-0.04	0.67	0.53	0.68	0.54	0.76	0.13	0.48	-0.53	0.46	0.62	0.43	0.56	0.26

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Summit Midstream Account Relationship Matchups

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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When determining whether Summit Midstream Partners is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Summit Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Summit Midstream Partners Stock. Highlighted below are key reports to facilitate an investment decision about Summit Midstream Partners Stock:

How To Invest In Summit

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Is Summit Stock a good investment?

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What is Summit Midstream's Net Worth?

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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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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When running Summit Midstream's price analysis, check to measure Summit Midstream'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 Summit Midstream is operating at the current time. Most of Summit Midstream's value examination focuses on studying past and present price action to predict the probability of Summit Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Midstream's price. Additionally, you may evaluate how the addition of Summit Midstream to your portfolios can decrease your overall portfolio volatility.

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Is Summit Midstream'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 Summit Midstream. If investors know Summit 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 Summit Midstream 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

Earnings Share

7.18

Revenue Per Share

44.858

Quarterly Revenue Growth

0.057

Return On Assets

0.0216

The market value of Summit Midstream Partners is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Midstream's value that differs from its market value or its book value, called intrinsic value, which is Summit Midstream'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 Summit Midstream's market value can be influenced by many factors that don't directly affect Summit Midstream'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 Summit Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Midstream'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.

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Summit Long Term Debt vs Cash Analysis

Long Term Debt vs Cash

Long Term Debt vs Cash Correlation Analysis

Correlation Coefficient

Long Term Debt

Cash

Summit Midstream fundamental ratios Correlations

Summit Midstream Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Summit Midstream fundamental ratios Accounts

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Complementary Tools for Summit Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Total Liab
Non Current Assets Total	+ 0.98	Total Assets
Property Plant Equipment	+ 0.98	Total Liab
Property Plant And Equipment Net	+ 0.98	Total Liab
Property Plant And Equipment Net	+ 0.98	Property Plant Equipment

Common Stock Shares Outstanding	- 0.64	Total Assets
Net Receivables	- 0.62	Common Stock Shares Outstanding
Property Plant Equipment	- 0.6	Common Stock Shares Outstanding
Total Current Assets	- 0.57	Common Stock Shares Outstanding
Property Plant And Equipment Net	- 0.56	Common Stock Shares Outstanding
Accounts Payable	- 0.56	Total Stockholder Equity