Summit Net Receivables vs Total Liab Analysis
SMLP Stock | USD 33.05 0.67 1.99% |
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 Net Receivables and its Total Liab 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.
Net Receivables vs Total Liab
Net Receivables vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Midstream Partners Net Receivables account and Total Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Summit Midstream's Net Receivables and Total Liab is 0.83. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Liab 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 Net Receivables and Total Liab 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 Receivables of Summit Midstream Partners are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Receivables i.e., Summit Midstream's Net Receivables and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Receivables
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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 05/18/2024, 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
Click cells to compare fundamentals
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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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 10 | 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.