CMC Long Term Debt vs Cash Analysis

CMB Stock  CAD 0.02  0.00  0.00%   
CMC Metals financial indicator trend analysis is way more than just evaluating CMC Metals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CMC Metals is a good investment. Please check the relationship between CMC Metals Long Term Debt and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CMC Metals. 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.

Long Term Debt vs Cash

Long Term Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CMC Metals Long Term Debt account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CMC Metals' Long Term Debt and Cash is -0.22. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash in the same time period over historical financial statements of CMC Metals, assuming nothing else is changed. The correlation between historical values of CMC Metals' Long Term Debt and Cash 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 CMC Metals are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Long Term Debt i.e., CMC Metals' Long Term Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

Long Term Debt

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

Cash

Cash refers to the most liquid asset of CMC Metals, which is listed under current asset account on CMC Metals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from CMC Metals customers. The amounts must be unrestricted with restricted cash listed in a different CMC Metals account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from CMC Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CMC Metals 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 CMC Metals. 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.
Enterprise Value is likely to climb to about 12.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 511.5 K in 2024.

CMC Metals fundamental ratios Correlations

-0.040.960.230.52-0.02-0.110.99-0.13-0.12-0.27-0.270.780.2-0.160.210.990.130.610.120.16-0.68-0.120.020.710.29
-0.04-0.30.87-0.06-0.47-0.450.02-0.46-0.39-0.45-0.44-0.080.93-0.490.780.020.01-0.590.20.850.25-0.430.74-0.240.22
0.96-0.30.010.560.060.00.94-0.02-0.04-0.19-0.180.76-0.07-0.050.010.940.120.70.09-0.06-0.730.04-0.140.760.25
0.230.870.010.36-0.67-0.70.32-0.72-0.66-0.69-0.610.120.82-0.770.950.33-0.07-0.40.290.95-0.19-0.130.830.210.37
0.52-0.060.560.36-0.66-0.320.56-0.36-0.48-0.77-0.660.4-0.13-0.470.530.590.010.080.360.36-0.80.650.460.840.53
-0.02-0.470.06-0.67-0.660.42-0.090.460.520.940.88-0.11-0.240.58-0.8-0.12-0.130.53-0.65-0.660.25-0.39-0.82-0.3-0.43
-0.11-0.450.0-0.7-0.320.42-0.211.00.840.380.21-0.09-0.40.97-0.55-0.230.520.24-0.01-0.530.2-0.09-0.56-0.22-0.13
0.990.020.940.320.56-0.09-0.21-0.23-0.22-0.33-0.320.770.24-0.270.281.00.090.560.150.23-0.7-0.090.090.730.32
-0.13-0.46-0.02-0.72-0.360.461.0-0.230.850.430.26-0.1-0.40.98-0.58-0.250.480.24-0.04-0.570.23-0.11-0.57-0.25-0.17
-0.12-0.39-0.04-0.66-0.480.520.84-0.220.850.50.320.02-0.30.91-0.61-0.230.50.26-0.04-0.550.37-0.24-0.65-0.33-0.26
-0.27-0.45-0.19-0.69-0.770.940.38-0.330.430.50.95-0.2-0.280.55-0.82-0.36-0.190.41-0.69-0.660.39-0.31-0.79-0.48-0.47
-0.27-0.44-0.18-0.61-0.660.880.21-0.320.260.320.95-0.23-0.290.39-0.73-0.34-0.430.4-0.76-0.60.27-0.16-0.65-0.38-0.42
0.78-0.080.760.120.4-0.11-0.090.77-0.10.02-0.2-0.230.11-0.110.10.770.180.50.150.05-0.43-0.050.00.410.3
0.20.93-0.070.82-0.13-0.24-0.40.24-0.4-0.3-0.28-0.290.11-0.410.680.230.04-0.270.090.780.14-0.590.56-0.140.16
-0.16-0.49-0.05-0.77-0.470.580.97-0.270.980.910.550.39-0.11-0.41-0.67-0.290.430.3-0.1-0.630.3-0.15-0.66-0.31-0.25
0.210.780.010.950.53-0.8-0.550.28-0.58-0.61-0.82-0.730.10.68-0.670.30.02-0.40.410.96-0.30.110.870.320.52
0.990.020.940.330.59-0.12-0.231.0-0.25-0.23-0.36-0.340.770.23-0.290.30.080.540.160.24-0.71-0.060.120.750.33
0.130.010.12-0.070.01-0.130.520.090.480.5-0.19-0.430.180.040.430.020.080.040.410.040.1-0.22-0.21-0.01-0.02
0.61-0.590.7-0.40.080.530.240.560.240.260.410.40.5-0.270.3-0.40.540.04-0.21-0.39-0.550.06-0.580.51-0.08
0.120.20.090.290.36-0.65-0.010.15-0.04-0.04-0.69-0.760.150.09-0.10.410.160.41-0.210.23-0.060.130.380.210.24
0.160.85-0.060.950.36-0.66-0.530.23-0.57-0.55-0.66-0.60.050.78-0.630.960.240.04-0.390.23-0.2-0.040.770.20.48
-0.680.25-0.73-0.19-0.80.250.2-0.70.230.370.390.27-0.430.140.3-0.3-0.710.1-0.55-0.06-0.2-0.52-0.16-0.96-0.31
-0.12-0.430.04-0.130.65-0.39-0.09-0.09-0.11-0.24-0.31-0.16-0.05-0.59-0.150.11-0.06-0.220.060.13-0.04-0.520.160.480.38
0.020.74-0.140.830.46-0.82-0.560.09-0.57-0.65-0.79-0.650.00.56-0.660.870.12-0.21-0.580.380.77-0.160.160.150.37
0.71-0.240.760.210.84-0.3-0.220.73-0.25-0.33-0.48-0.380.41-0.14-0.310.320.75-0.010.510.210.2-0.960.480.150.28
0.290.220.250.370.53-0.43-0.130.32-0.17-0.26-0.47-0.420.30.16-0.250.520.33-0.02-0.080.240.48-0.310.380.370.28
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CMC Metals Account Relationship Matchups

CMC Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets694.8K1.0M1.7M946.2K1.1M1.0M
Total Current Liabilities936.4K798.6K925.1K942.1K1.1M1.1M
Total Stockholder Equity(262.7K)(196.5K)178.2K(603.5K)(543.2K)(516.0K)
Net Debt(279.5K)(499.5K)(858.9K)(127.5K)(146.6K)(139.3K)
Retained Earnings(21.5M)(24.6M)(28.8M)(32.3M)(29.1M)(27.6M)
Accounts Payable228.7K283.7K394.7K433.2K498.2K523.1K
Cash300.6K524.1K891.7K166.0K190.8K269.4K
Non Current Assets Total258.2K402.3K487.5K582.2K524.0K497.8K
Cash And Short Term Investments300.6K524.1K916.7K191.0K219.6K307.6K
Net Receivables105.4K62.3K229.4K42.5K48.9K46.2K
Common Stock Shares Outstanding51.1M80.4M110.5M137.3M157.8M165.7M
Liabilities And Stockholders Equity694.8K1.0M1.7M946.2K1.1M1.0M
Other Current Assets30.5K30.7K77.6K130.5K150.1K157.6K
Other Stockholder Equity613.9K958.3K2.3M(42K)(37.8K)(35.9K)
Total Liab957.5K1.2M1.5M1.5M1.8M1.6M
Total Current Assets436.5K617.1K1.2M364.0K418.6K422.9K
Short Long Term Debt Total21.1K24.6K32.9K38.4K44.2K42.0K
Non Currrent Assets Other258.2K402.3K421.0K(42K)(48.3K)(45.9K)
Non Current Liabilities Total21.1K417.4K608.0K607.7K546.9K444.4K
Other Current Liab707.7K514.9K530.3K508.9K585.2K369.3K
Accumulated Other Comprehensive Income613.9K958.3K2.3M3.1M3.6M3.8M
Common Stock20.7M23.4M26.7M28.7M33.0M21.6M
Net Tangible Assets(1.4M)(262.7K)(196.5K)178.2K205.0K215.2K
Other Assets256.4K258.2K402.3K421.0K484.2K317.2K
Net Invested Capital(241.6K)(171.8K)211.1K(565.1K)(649.9K)(682.4K)
Net Working Capital(499.9K)(181.4K)298.7K(578.1K)(664.8K)(698.0K)
Capital Stock20.7M23.4M26.7M28.7M33.0M25.2M

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