Summit Non Current Liabilities Total vs Long Term Debt Analysis
SMLP Stock | USD 33.90 1.46 4.50% |
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 Liabilities Total and its Long Term Debt 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 Liabilities Total vs Long Term Debt
Non Current Liabilities Total vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Midstream Partners Non Current Liabilities Total account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Summit Midstream's Non Current Liabilities Total and Long Term Debt is 0.93. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Long Term Debt 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 Liabilities Total and Long 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 Non Current Liabilities Total of Summit Midstream Partners are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Non Current Liabilities Total i.e., Summit Midstream's Non Current Liabilities Total and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Liabilities Total
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.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 06/17/2024, 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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