Summit Non Current Assets Total vs Cash And Short Term Investments 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 Non Current Assets Total and its Cash And Short Term Investments 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.

Non Current Assets Total vs Cash And Short Term Investments

Non Current Assets Total vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Midstream Partners Non Current Assets Total account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Summit Midstream's Non Current Assets Total and Cash And Short Term Investments is -0.29. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Cash And Short Term Investments 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 Non Current Assets Total and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Summit Midstream Partners are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Non Current Assets Total i.e., Summit Midstream's Non Current Assets Total and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.29

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

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.

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

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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Summit Non Current Assets Total vs Cash And Short Term Investments Analysis

Non Current Assets Total vs Cash And Short Term Investments

Non Current Assets Total vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Cash And Short Term Investments

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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Additional Tools for Summit Stock Analysis

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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