SMA Short Long Term Debt Total vs Other Stockholder Equity Analysis

0NIF Stock   12.76  0.55  4.13%   
SMA Solar financial indicator trend analysis is much more than just breaking down SMA Solar Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SMA Solar Technology is a good investment. Please check the relationship between SMA Solar Short Long Term Debt Total and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SMA Solar Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Short Long Term Debt Total vs Other Stockholder Equity

Short Long Term Debt Total vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SMA Solar Technology Short Long Term Debt Total account and Other Stockholder Equity. At this time, the significance of the direction appears to have weak relationship.
The correlation between SMA Solar's Short Long Term Debt Total and Other Stockholder Equity is 0.34. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of SMA Solar Technology, assuming nothing else is changed. The correlation between historical values of SMA Solar's Short Long Term Debt Total and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of SMA Solar Technology are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Short Long Term Debt Total i.e., SMA Solar's Short Long Term Debt Total and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.34
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Long Term Debt Total

Other Stockholder Equity

Most indicators from SMA Solar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SMA Solar Technology 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in SMA Solar Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Tax Provision is likely to gain to about (736.2 K) in 2024. Selling General Administrative is likely to drop to about 127.3 M in 2024
 2019 2020 2023 2024 (projected)
Gross Profit165.8M166.8M150.1M139.5M
Total Revenue915.1M1.0B1.2B998.9M

SMA Solar fundamental ratios Correlations

-0.52-0.610.940.890.79-0.140.770.82-0.650.91-0.77-0.78-0.14-0.7-0.320.910.90.70.95-0.55-0.80.76-0.68
-0.520.66-0.6-0.59-0.870.590.09-0.830.85-0.630.840.870.090.340.47-0.52-0.52-0.28-0.630.470.79-0.470.64
-0.610.66-0.71-0.64-0.650.41-0.29-0.680.94-0.680.560.860.090.610.84-0.48-0.66-0.52-0.70.950.72-0.60.89
0.94-0.6-0.710.990.88-0.10.630.91-0.710.99-0.71-0.87-0.26-0.76-0.350.780.980.50.9-0.63-0.730.62-0.82
0.89-0.59-0.640.990.88-0.010.580.9-0.640.99-0.68-0.85-0.25-0.78-0.250.70.990.380.86-0.55-0.680.55-0.79
0.79-0.87-0.650.880.88-0.40.240.99-0.770.89-0.84-0.92-0.29-0.53-0.320.740.820.350.8-0.48-0.780.54-0.72
-0.140.590.41-0.1-0.01-0.40.3-0.380.51-0.070.390.42-0.07-0.130.41-0.390.03-0.24-0.210.360.49-0.30.07
0.770.09-0.290.630.580.240.30.28-0.210.59-0.31-0.320.09-0.67-0.120.60.650.650.69-0.4-0.40.57-0.37
0.82-0.83-0.680.910.90.99-0.380.28-0.770.91-0.82-0.91-0.34-0.53-0.350.770.850.380.81-0.51-0.780.56-0.75
-0.650.850.94-0.71-0.64-0.770.51-0.21-0.77-0.680.770.910.10.520.82-0.59-0.62-0.59-0.740.830.86-0.690.87
0.91-0.63-0.680.990.990.89-0.070.590.91-0.68-0.72-0.88-0.21-0.79-0.270.720.990.410.9-0.58-0.710.56-0.79
-0.770.840.56-0.71-0.68-0.840.39-0.31-0.820.77-0.720.82-0.010.460.38-0.78-0.63-0.62-0.840.410.88-0.750.62
-0.780.870.86-0.87-0.85-0.920.42-0.32-0.910.91-0.880.820.050.710.54-0.65-0.83-0.43-0.880.750.85-0.610.84
-0.140.090.09-0.26-0.25-0.29-0.070.09-0.340.1-0.21-0.010.05-0.320.14-0.23-0.21-0.010.11-0.1-0.10.110.3
-0.70.340.61-0.76-0.78-0.53-0.13-0.67-0.530.52-0.790.460.71-0.320.23-0.38-0.82-0.31-0.810.680.57-0.50.64
-0.320.470.84-0.35-0.25-0.320.41-0.12-0.350.82-0.270.380.540.140.23-0.33-0.25-0.62-0.380.820.58-0.590.71
0.91-0.52-0.480.780.70.74-0.390.60.77-0.590.72-0.78-0.65-0.23-0.38-0.330.680.780.8-0.41-0.80.8-0.49
0.9-0.52-0.660.980.990.820.030.650.85-0.620.99-0.63-0.83-0.21-0.82-0.250.680.390.88-0.58-0.640.52-0.79
0.7-0.28-0.520.50.380.35-0.240.650.38-0.590.41-0.62-0.43-0.01-0.31-0.620.780.390.66-0.54-0.710.9-0.49
0.95-0.63-0.70.90.860.8-0.210.690.81-0.740.9-0.84-0.880.11-0.81-0.380.80.880.66-0.66-0.860.77-0.72
-0.550.470.95-0.63-0.55-0.480.36-0.4-0.510.83-0.580.410.75-0.10.680.82-0.41-0.58-0.54-0.660.66-0.630.78
-0.80.790.72-0.73-0.68-0.780.49-0.4-0.780.86-0.710.880.85-0.10.570.58-0.8-0.64-0.71-0.860.66-0.870.65
0.76-0.47-0.60.620.550.54-0.30.570.56-0.690.56-0.75-0.610.11-0.5-0.590.80.520.90.77-0.63-0.87-0.57
-0.680.640.89-0.82-0.79-0.720.07-0.37-0.750.87-0.790.620.840.30.640.71-0.49-0.79-0.49-0.720.780.65-0.57
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SMA Solar Account Relationship Matchups

SMA Solar fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B989.3M1.1B1.1B946.1M892.0M
Short Long Term Debt Total18.1M15.0M23.5M29.7M34.1M23.5M
Total Current Liabilities431.1M341.6M352.2M382.2M439.6M389.7M
Total Stockholder Equity611.5M424.5M416.9M439.1M395.2M396.3M
Retained Earnings257.7M285.8M250.0M305.8M275.2M284.6M
Cash460.3M320.1M286.9M195.8M176.2M262.2M
Other Assets59.1M64.8M81.2M115.9M133.3M79.8M
Long Term Debt18.1M14.9M18.8M19.9M17.9M14.8M
Cash And Short Term Investments473.5M324.7M296.1M238.3M214.5M274.8M
Net Receivables191.1M178.7M180.0M183.2M210.6M190.2M
Short Term Investments13.3M4.5M9.2M42.5M48.8M51.3M
Inventory279.9M255.5M273.0M308.7M355.0M258.5M
Other Current Assets41.5M50.2M28.9M24.9M28.7M35.5M
Other Stockholder Equity5.3M(523K)4.2M3.8M4.4M3.0M
Total Liab604.7M564.8M690.4M612.0M703.9M681.5M
Total Current Assets808.5M722.7M719.3M723.4M651.0M608.3M
Intangible Assets70.1M35.9M36.7M43.8M39.4M41.4M
Property Plant Equipment202.5M200.1M187.8M175.6M158.1M160.7M
Other Current Liab233.5M164.0M189.6M204.1M234.7M213.9M
Other Liab235.9M240.8M265.0M247.9M285.1M268.2M
Net Tangible Assets379.7M394.9M345.3M374.6M337.1M301.2M
Accounts Payable174.7M144.2M134.0M133.4M153.5M153.4M

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