Summit Non Current Liabilities Total vs Asset Turnover Analysis

SSBI Stock

USD 9.80 0.20 2.00%

Summit State financial indicator trend analysis is much more than just breaking down Summit State Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Summit State Bank is a good investment. Please check the relationship between Summit State Non Current Liabilities Total and its Asset Turnover accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit State Bank. 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 labor statistics.

Non Current Liabilities Total vs Asset Turnover

Non Current Liabilities Total vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit State Bank Non Current Liabilities Total account and Asset Turnover. At this time, the significance of the direction appears to have strong relationship.

The correlation between Summit State's Non Current Liabilities Total and Asset Turnover is 0.6. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Summit State Bank, assuming nothing else is changed. The correlation between historical values of Summit State's Non Current Liabilities Total and Asset Turnover 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 State Bank are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Non Current Liabilities Total i.e., Summit State's Non Current Liabilities Total and Asset Turnover go up and down completely randomly.

Correlation Coefficient

0.6

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Non Current Liabilities Total

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Most indicators from Summit State's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Summit State Bank 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 State Bank. 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 labor statistics.

As of now, Summit State's Enterprise Value Over EBITDA is increasing as compared to previous years. The Summit State's current Enterprise Value Multiple is estimated to increase to 85.84, while Selling General Administrative is projected to decrease to under 9.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	4.4M	6.5M	24.8M	26.0M
Depreciation And Amortization	408K	391K	385K	706.6K

Interest Expense Depreciation And Amortization

Summit State fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Liabilities	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Common Stock Total Equity	Common Stock
Total Assets		0.1	0.9	-0.43	0.85	0.49	0.29	-0.44	0.86	0.25	-0.31	0.79	0.8	0.73	0.3	0.37	-0.02	0.64	-0.57	0.73	-0.53	-0.4	0.4	-0.17	0.48	0.2
Short Long Term Debt Total	0.1		0.07	0.76	0.13	0.22	-0.05	-0.36	-0.13	-0.66	-0.27	-0.23	-0.23	-0.26	-0.6	-0.59	0.69	-0.43	-0.04	-0.24	0.18	0.57	-0.6	0.58	-0.55	-0.41
Total Stockholder Equity	0.9	0.07		-0.39	0.89	0.73	0.34	-0.46	0.76	0.22	-0.51	0.68	0.68	0.62	0.35	0.35	0.03	0.59	-0.61	0.58	-0.51	-0.24	0.42	-0.2	0.46	0.15
Net Debt	-0.43	0.76	-0.39		-0.37	-0.18	-0.14	0.09	-0.61	-0.64	0.16	-0.65	-0.65	-0.82	-0.64	-0.67	0.42	-0.7	0.22	-0.49	0.32	0.66	-0.64	0.61	-0.65	-0.55
Other Assets	0.85	0.13	0.89	-0.37		0.71	0.34	-0.6	0.68	0.19	-0.61	0.61	0.61	0.64	0.32	0.31	0.15	0.5	-0.29	0.47	-0.16	-0.07	0.39	-0.14	0.45	0.09
Common Stock Shares Outstanding	0.49	0.22	0.73	-0.18	0.71		0.36	-0.49	0.5	0.03	-0.87	0.38	0.3	0.45	0.24	0.18	0.25	0.27	-0.31	-0.03	-0.14	0.22	0.17	-0.19	0.19	0.22
Non Current Liabilities Total	0.29	-0.05	0.34	-0.14	0.34	0.36		-0.49	0.54	0.73	-0.29	0.6	0.44	0.19	0.79	0.77	-0.51	0.54	-0.41	0.17	-0.47	-0.17	0.75	-0.74	0.76	0.65
Other Stockholder Equity	-0.44	-0.36	-0.46	0.09	-0.6	-0.49	-0.49		-0.47	-0.17	0.7	-0.44	-0.42	-0.47	-0.27	-0.23	-0.37	-0.31	0.35	-0.16	0.1	-0.05	-0.23	0.22	-0.27	-0.28
Total Liab	0.86	-0.13	0.76	-0.61	0.68	0.5	0.54	-0.47		0.58	-0.39	0.98	0.94	0.82	0.62	0.69	-0.3	0.87	-0.63	0.69	-0.66	-0.55	0.62	-0.61	0.68	0.67
Total Current Liabilities	0.25	-0.66	0.22	-0.64	0.19	0.03	0.73	-0.17	0.58		0.02	0.71	0.63	0.4	0.97	0.98	-0.83	0.8	-0.34	0.44	-0.53	-0.57	0.96	-0.94	0.94	0.79
Property Plant And Equipment Net	-0.31	-0.27	-0.51	0.16	-0.61	-0.87	-0.29	0.7	-0.39	0.02		-0.29	-0.24	-0.47	-0.18	-0.09	-0.45	-0.2	0.19	0.13	-0.06	-0.25	-0.06	0.19	-0.06	-0.26
Retained Earnings	0.79	-0.23	0.68	-0.65	0.61	0.38	0.6	-0.44	0.98	0.71	-0.29		0.96	0.79	0.72	0.79	-0.43	0.93	-0.6	0.73	-0.67	-0.58	0.72	-0.71	0.77	0.74
Accounts Payable	0.8	-0.23	0.68	-0.65	0.61	0.3	0.44	-0.42	0.94	0.63	-0.24	0.96		0.79	0.64	0.69	-0.34	0.95	-0.6	0.83	-0.65	-0.59	0.65	-0.61	0.7	0.64
Cash	0.73	-0.26	0.62	-0.82	0.64	0.45	0.19	-0.47	0.82	0.4	-0.47	0.79	0.79		0.44	0.51	-0.03	0.69	-0.38	0.53	-0.34	-0.5	0.44	-0.43	0.49	0.51
Non Current Assets Total	0.3	-0.6	0.35	-0.64	0.32	0.24	0.79	-0.27	0.62	0.97	-0.18	0.72	0.64	0.44		0.98	-0.74	0.81	-0.37	0.39	-0.51	-0.47	0.97	-0.95	0.95	0.79
Non Currrent Assets Other	0.37	-0.59	0.35	-0.67	0.31	0.18	0.77	-0.23	0.69	0.98	-0.09	0.79	0.69	0.51	0.98		-0.78	0.83	-0.37	0.46	-0.55	-0.56	0.96	-0.94	0.96	0.82
Cash And Short Term Investments	-0.02	0.69	0.03	0.42	0.15	0.25	-0.51	-0.37	-0.3	-0.83	-0.45	-0.43	-0.34	-0.03	-0.74	-0.78		-0.55	0.14	-0.35	0.48	0.53	-0.76	0.73	-0.74	-0.57
Net Receivables	0.64	-0.43	0.59	-0.7	0.5	0.27	0.54	-0.31	0.87	0.8	-0.2	0.93	0.95	0.69	0.81	0.83	-0.55		-0.55	0.75	-0.66	-0.58	0.8	-0.78	0.81	0.74
Other Current Assets	-0.57	-0.04	-0.61	0.22	-0.29	-0.31	-0.41	0.35	-0.63	-0.34	0.19	-0.6	-0.6	-0.38	-0.37	-0.37	0.14	-0.55		-0.48	0.93	0.51	-0.36	0.35	-0.39	-0.36
Property Plant And Equipment Gross	0.73	-0.24	0.58	-0.49	0.47	-0.03	0.17	-0.16	0.69	0.44	0.13	0.73	0.83	0.53	0.39	0.46	-0.35	0.75	-0.48		-0.58	-0.6	0.49	-0.3	0.53	0.27
Total Current Assets	-0.53	0.18	-0.51	0.32	-0.16	-0.14	-0.47	0.1	-0.66	-0.53	-0.06	-0.67	-0.65	-0.34	-0.51	-0.55	0.48	-0.66	0.93	-0.58		0.65	-0.53	0.51	-0.55	-0.48
Short Term Debt	-0.4	0.57	-0.24	0.66	-0.07	0.22	-0.17	-0.05	-0.55	-0.57	-0.25	-0.58	-0.59	-0.5	-0.47	-0.56	0.53	-0.58	0.51	-0.6	0.65		-0.51	0.49	-0.53	-0.47
Intangible Assets	0.4	-0.6	0.42	-0.64	0.39	0.17	0.75	-0.23	0.62	0.96	-0.06	0.72	0.65	0.44	0.97	0.96	-0.76	0.8	-0.36	0.49	-0.53	-0.51		-0.85	0.99	0.65
Good Will	-0.17	0.58	-0.2	0.61	-0.14	-0.19	-0.74	0.22	-0.61	-0.94	0.19	-0.71	-0.61	-0.43	-0.95	-0.94	0.73	-0.78	0.35	-0.3	0.51	0.49	-0.85		-0.83	-0.93
Common Stock Total Equity	0.48	-0.55	0.46	-0.65	0.45	0.19	0.76	-0.27	0.68	0.94	-0.06	0.77	0.7	0.49	0.95	0.96	-0.74	0.81	-0.39	0.53	-0.55	-0.53	0.99	-0.83		0.65
Common Stock	0.2	-0.41	0.15	-0.55	0.09	0.22	0.65	-0.28	0.67	0.79	-0.26	0.74	0.64	0.51	0.79	0.82	-0.57	0.74	-0.36	0.27	-0.48	-0.47	0.65	-0.93	0.65

Click cells to compare fundamentals

Summit State Account Relationship Matchups

Summit State fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	696.0M	865.9M	958.1M	1.1B	1.1B	576.0M
Short Long Term Debt Total	51.5M	59.4M	54.4M	46.9M	6.9M	6.6M
Total Stockholder Equity	67.3M	75.6M	84.3M	88.5M	97.7M	63.2M
Net Debt	13.2M	28.6M	13.7M	(30.7M)	(50.9M)	(48.3M)
Other Assets	525.6M	681.4M	755.9M	834.7M	959.9M	561.7M
Liabilities And Stockholders Equity	696.0M	865.9M	958.1M	1.1B	1.1B	576.0M
Non Current Liabilities Total	51.5M	59.4M	54.4M	12.6M	102.1M	107.2M
Other Stockholder Equity	4.9M	7.5M	8.6M	(376K)	(338.4K)	(321.5K)
Total Liab	628.6M	790.2M	873.8M	1.0B	1.0B	1.1B
Total Current Liabilities	3.3M	4.6M	7.8M	12.6M	926.2M	972.5M
Property Plant And Equipment Net	6.3M	6.0M	5.7M	5.5M	6.2M	5.1M
Retained Earnings	29.9M	37.5M	47.6M	61.4M	69.0M	72.4M
Accounts Payable	3.3M	4.6M	7.8M	12.6M	11.3M	10.7M
Cash	38.3M	30.8M	40.7M	77.6M	57.8M	60.7M
Non Current Assets Total	72.7M	78.1M	79.2M	93.4M	1.1B	1.1B
Non Currrent Assets Other	(3.0M)	(4.4M)	(6.1M)	(10.5M)	1.0B	1.1B
Cash And Short Term Investments	92.5M	98.8M	110.1M	161.4M	(57.8M)	(54.9M)
Net Receivables	5.1M	7.6M	12.9M	26.0M	29.9M	31.4M
Other Current Assets	40.2M	34.8M	43.5M	81.3M	61.5M	58.4M
Property Plant And Equipment Gross	6.3M	6.0M	13.5M	13.7M	13.9M	8.4M
Total Current Assets	97.7M	106.4M	123.0M	187.3M	61.5M	58.4M
Accumulated Other Comprehensive Income	457K	1.1M	(376K)	(10.0M)	(8.8M)	(8.3M)
Short Term Debt	33.5M	5.4M	7.9M	18.5M	453K	430.4K
Other Liab	2.1M	2.9M	6.5M	4.7M	5.4M	5.6M
Long Term Debt	51.5M	59.4M	54.4M	46.9M	5.9M	5.6M
Property Plant Equipment	7.2M	7.3M	6.9M	5.5M	4.9M	5.1M
Short Term Investments	54.2M	68.0M	69.4M	83.8M	84.5M	68.7M
Other Current Liab	(3.3M)	(4.6M)	(7.8M)	(12.6M)	925.7M	972.0M
Net Tangible Assets	63.2M	71.5M	77.9M	84.4M	97.1M	69.4M
Long Term Investments	62.2M	68.0M	69.4M	83.8M	93.0M	74.5M
Current Deferred Revenue	(30.2M)	(799K)	(105K)	(5.9M)	(6.8M)	(7.1M)
Net Invested Capital	118.8M	135.0M	138.7M	135.5M	103.6M	129.6M

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When determining whether Summit State Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit State's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit State Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit State Bank Stock:

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit State Bank. 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 labor statistics.

Note that the Summit State Bank information on this page should be used as a complementary analysis to other Summit State's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Summit State's price analysis, check to measure Summit State'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 State is operating at the current time. Most of Summit State's value examination focuses on studying past and present price action to predict the probability of Summit State'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 State's price. Additionally, you may evaluate how the addition of Summit State to your portfolios can decrease your overall portfolio volatility.

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Is Summit State'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 State. 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 State 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

(0.54)

Dividend Share

0.48

Earnings Share

1.62

Revenue Per Share

6.703

Quarterly Revenue Growth

(0.16)

The market value of Summit State Bank 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 State's value that differs from its market value or its book value, called intrinsic value, which is Summit State'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 State's market value can be influenced by many factors that don't directly affect Summit State'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 State's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit State is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit State'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 Non Current Liabilities Total vs Asset Turnover Analysis

Non Current Liabilities Total vs Asset Turnover

Non Current Liabilities Total vs Asset Turnover Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Asset Turnover

Summit State fundamental ratios Correlations

Summit State Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Summit State fundamental ratios Accounts

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Complementary Tools for Summit Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock Total Equity	+ 0.99	Intangible Assets
Retained Earnings	+ 0.98	Total Liab
Non Currrent Assets Other	+ 0.98	Total Current Liabilities
Non Currrent Assets Other	+ 0.98	Non Current Assets Total
Non Current Assets Total	+ 0.97	Total Current Liabilities
Intangible Assets	+ 0.97	Non Current Assets Total

Good Will	- 0.95	Non Current Assets Total
Good Will	- 0.94	Non Currrent Assets Other
Good Will	- 0.94	Total Current Liabilities
Common Stock	- 0.93	Good Will
Property Plant And Equipment Net	- 0.87	Common Stock Shares Outstanding
Good Will	- 0.85	Intangible Assets