Synalloy Long Term Debt vs Accounts Payable Analysis

ACNT Stock  USD 11.66  0.04  0.34%   
Synalloy financial indicator trend analysis is much more than just breaking down Synalloy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Synalloy is a good investment. Please check the relationship between Synalloy Long Term Debt and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Synalloy. 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.
For more information on how to buy Synalloy Stock please use our How to Invest in Synalloy guide.

Long Term Debt vs Accounts Payable

Long Term Debt vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Synalloy Long Term Debt account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Synalloy's Long Term Debt and Accounts Payable is -0.1. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Synalloy, assuming nothing else is changed. The correlation between historical values of Synalloy's Long Term Debt and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Synalloy are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Long Term Debt i.e., Synalloy's Long Term Debt and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.1
Relationship DirectionNegative 
Relationship StrengthInsignificant

Long Term Debt

Long-term debt is a debt that Synalloy has held for over one year. Long-term debt appears on Synalloy 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 Synalloy 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.

Accounts Payable

An accounting item on the balance sheet that represents Synalloy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Synalloy are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Synalloy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Synalloy 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 Synalloy. 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.
For more information on how to buy Synalloy Stock please use our How to Invest in Synalloy guide.Selling General Administrative is likely to gain to about 42.2 M in 2024, despite the fact that Tax Provision is likely to grow to (3.6 M).
 2021 2022 2023 2024 (projected)
Interest Expense1.5M2.7M4.2M4.4M
Depreciation And Amortization10.8M8.3M7.7M4.5M

Synalloy fundamental ratios Correlations

0.880.490.860.860.90.880.570.81-0.150.820.510.910.950.510.50.950.960.20.390.390.730.62-0.540.440.38
0.880.440.680.540.881.00.260.75-0.10.690.50.990.850.520.450.970.840.180.360.360.560.38-0.460.260.33
0.490.440.470.410.390.440.20.42-0.110.190.40.440.440.460.330.470.45-0.310.210.210.150.31-0.090.350.35
0.860.680.470.720.70.680.470.68-0.30.770.410.720.830.210.420.820.840.270.170.170.910.51-0.490.420.62
0.860.540.410.720.730.540.780.69-0.120.680.420.590.780.490.460.650.810.190.320.320.580.74-0.460.490.31
0.90.880.390.70.730.880.340.870.030.620.640.880.790.480.620.880.780.210.310.310.590.69-0.590.280.42
0.881.00.440.680.540.880.250.75-0.10.680.50.990.850.520.440.970.840.190.350.350.560.37-0.460.250.34
0.570.260.20.470.780.340.250.42-0.20.61-0.160.310.520.32-0.090.370.590.20.150.150.320.24-0.110.570.16
0.810.750.420.680.690.870.750.420.330.60.560.750.660.360.690.770.670.120.350.350.530.68-0.570.550.53
-0.15-0.1-0.11-0.3-0.120.03-0.1-0.20.33-0.130.27-0.1-0.29-0.110.43-0.15-0.27-0.420.420.42-0.230.31-0.190.18-0.12
0.820.690.190.770.680.620.680.610.6-0.130.10.750.770.160.210.790.840.140.550.550.770.36-0.270.540.12
0.510.50.40.410.420.640.5-0.160.560.270.10.480.490.460.860.490.430.00.230.230.370.76-0.72-0.070.36
0.910.990.440.720.590.880.990.310.75-0.10.750.480.880.490.430.990.880.140.410.410.620.41-0.470.310.28
0.950.850.440.830.780.790.850.520.66-0.290.770.490.880.540.450.910.990.180.330.330.740.52-0.60.240.36
0.510.520.460.210.490.480.520.320.36-0.110.160.460.490.540.330.450.53-0.010.080.08-0.010.29-0.280.01-0.04
0.50.450.330.420.460.620.44-0.090.690.430.210.860.430.450.330.450.41-0.110.360.360.40.83-0.710.070.36
0.950.970.470.820.650.880.970.370.77-0.150.790.490.990.910.450.450.920.180.380.380.710.46-0.50.350.37
0.960.840.450.840.810.780.840.590.67-0.270.840.430.880.990.530.410.920.140.390.390.740.51-0.540.330.29
0.20.18-0.310.270.190.210.190.20.12-0.420.140.00.140.18-0.01-0.110.180.14-0.38-0.380.23-0.09-0.040.160.36
0.390.360.210.170.320.310.350.150.350.420.550.230.410.330.080.360.380.39-0.381.00.180.38-0.050.36-0.36
0.390.360.210.170.320.310.350.150.350.420.550.230.410.330.080.360.380.39-0.381.00.180.38-0.050.36-0.36
0.730.560.150.910.580.590.560.320.53-0.230.770.370.620.74-0.010.40.710.740.230.180.180.51-0.590.230.47
0.620.380.310.510.740.690.370.240.680.310.360.760.410.520.290.830.460.51-0.090.380.380.51-0.70.220.26
-0.54-0.46-0.09-0.49-0.46-0.59-0.46-0.11-0.57-0.19-0.27-0.72-0.47-0.6-0.28-0.71-0.5-0.54-0.04-0.05-0.05-0.59-0.70.15-0.43
0.440.260.350.420.490.280.250.570.550.180.54-0.070.310.240.010.070.350.330.160.360.360.230.220.150.17
0.380.330.350.620.310.420.340.160.53-0.120.120.360.280.36-0.040.360.370.290.36-0.36-0.360.470.26-0.430.17
Click cells to compare fundamentals

Synalloy Account Relationship Matchups

Synalloy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets257.2M207.0M266.0M269.0M175.9M116.0M
Short Long Term Debt Total113.4M95.1M105.2M105.4M31.4M27.7M
Other Current Liab11.5M10.0M9.8M13.9M8.0M6.4M
Total Current Liabilities40.6M31.1M50.5M33.5M24.8M22.3M
Total Stockholder Equity106.5M80.3M111.6M134.3M107.4M64.0M
Property Plant And Equipment Net76.5M66.9M74.5M71.6M57.5M30.0M
Net Debt112.8M94.8M103.2M104.0M29.5M26.8M
Retained Earnings70.6M42.8M63.1M85.1M58.5M52.8M
Non Current Assets Total110.1M80.1M106.0M98.7M86.5M90.8M
Non Currrent Assets Other348K455K4.5M4.0M20.5M21.5M
Net Receivables35.1M28.2M50.1M33.2M26.6M21.7M
Common Stock Shares Outstanding9.0M9.1M9.5M10.4M10.1M8.6M
Liabilities And Stockholders Equity257.2M207.0M266.0M269.0M163.3M115.6M
Non Current Liabilities Total110.1M95.6M103.9M101.3M43.7M29.7M
Inventory98.2M85.1M103.2M114.5M52.3M46.9M
Other Current Assets13.2M26.8M4.6M68.1M8.7M6.4M
Other Stockholder Equity25.7M27.2M37.4M38.0M37.8M39.7M
Total Liab150.7M126.7M154.4M134.8M68.5M52.0M
Total Current Assets147.1M126.9M160.0M170.4M89.4M74.2M
Short Term Debt7.8M886K3.8M4.1M360K342K
Cash626K236K2.0M1.4M1.9M956.9K
Cash And Short Term Investments626K236K2.0M1.4M1.9M956.9K
Accounts Payable21.2M19.7M32.3M14.1M16.4M12.9M
Current Deferred Revenue153K298K441K304K62K58.9K
Intangible Assets15.7M11.4M14.4M10.4M8.5M12.9M
Other Assets348K455K4.5M1.01.151.09
Long Term Debt71.6M60.5M67.9M69.1M62.2M55.3M
Capital Lease Obligations37.9M33.7M34.8M33.5M38.5M30.8M
Net Invested Capital182.1M140.8M179.5M203.7M234.3M194.7M
Non Current Liabilities Other3.7M379K89K68K61.2K58.1K
Net Working Capital106.5M95.8M109.5M136.9M157.4M127.4M

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