Shipping Property Plant Equipment vs Other Current Liab Analysis

SCI Stock   234.87  0.34  0.14%   
Shipping financial indicator trend analysis is much more than just breaking down Shipping prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shipping is a good investment. Please check the relationship between Shipping Property Plant Equipment and its Other Current Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shipping. 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.

Property Plant Equipment vs Other Current Liab

Property Plant Equipment vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shipping Property Plant Equipment account and Other Current Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shipping's Property Plant Equipment and Other Current Liab is 0.48. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Shipping, assuming nothing else is changed. The correlation between historical values of Shipping's Property Plant Equipment and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Shipping are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Property Plant Equipment i.e., Shipping's Property Plant Equipment and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.48
Relationship DirectionPositive 
Relationship StrengthWeak

Property Plant Equipment

Other Current Liab

Most indicators from Shipping's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shipping 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 Shipping. 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.
As of December 2, 2024, Selling General Administrative is expected to decline to about 46.5 M. The current year's Tax Provision is expected to grow to about (319.9 M)
 2021 2022 2023 2024 (projected)
Gross Profit9.1B10.8B15.5B14.6B
Total Revenue49.3B57.9B50.3B43.7B

Shipping fundamental ratios Correlations

0.850.480.560.690.910.85-0.170.190.360.95-0.060.27-0.270.280.630.5-0.12-0.130.860.330.730.67-0.090.330.92
0.850.650.390.240.910.96-0.35-0.140.560.92-0.070.3-0.460.00.840.310.060.040.98-0.060.390.85-0.340.530.88
0.480.65-0.09-0.120.520.55-0.58-0.290.630.55-0.060.47-0.42-0.210.880.16-0.39-0.050.74-0.110.080.87-0.150.680.48
0.560.39-0.090.520.620.560.130.56-0.330.55-0.38-0.370.270.22-0.070.210.17-0.370.380.120.52-0.07-0.06-0.350.63
0.690.24-0.120.520.460.310.270.48-0.140.530.040.010.070.53-0.020.48-0.12-0.20.240.640.830.040.2-0.120.5
0.910.910.520.620.460.93-0.110.10.330.98-0.220.1-0.350.080.650.180.110.00.9-0.050.540.66-0.280.230.98
0.850.960.550.560.310.93-0.32-0.060.310.92-0.240.07-0.42-0.080.740.310.120.010.93-0.060.390.73-0.280.390.89
-0.17-0.35-0.580.130.27-0.11-0.320.13-0.32-0.120.19-0.390.260.5-0.6-0.160.17-0.06-0.41-0.190.27-0.52-0.28-0.44-0.01
0.19-0.14-0.290.560.480.1-0.060.13-0.30.06-0.260.060.760.51-0.350.25-0.11-0.34-0.080.450.56-0.350.48-0.570.14
0.360.560.63-0.33-0.140.330.31-0.32-0.30.40.450.82-0.320.20.720.15-0.150.140.58-0.060.180.75-0.30.660.35
0.950.920.550.550.530.980.92-0.120.060.4-0.10.2-0.360.160.70.340.01-0.040.910.040.630.72-0.250.370.97
-0.06-0.07-0.06-0.380.04-0.22-0.240.19-0.260.45-0.10.430.020.390.00.330.00.13-0.10.130.210.08-0.130.46-0.16
0.270.30.47-0.370.010.10.07-0.390.060.820.20.430.00.30.520.36-0.380.00.350.270.310.560.270.520.11
-0.27-0.46-0.420.270.07-0.35-0.420.260.76-0.32-0.360.020.00.53-0.570.19-0.14-0.38-0.420.250.29-0.560.34-0.51-0.27
0.280.0-0.210.220.530.08-0.080.50.510.20.160.390.30.53-0.180.46-0.27-0.280.010.450.78-0.09-0.1-0.120.23
0.630.840.88-0.07-0.020.650.74-0.6-0.350.720.70.00.52-0.57-0.180.25-0.150.190.86-0.10.160.98-0.210.770.6
0.50.310.160.210.480.180.31-0.160.250.150.340.330.360.190.460.25-0.48-0.430.330.60.620.330.290.490.24
-0.120.06-0.390.17-0.120.110.120.17-0.11-0.150.010.0-0.38-0.14-0.27-0.15-0.480.57-0.08-0.45-0.22-0.25-0.33-0.30.03
-0.130.04-0.05-0.37-0.20.00.01-0.06-0.340.14-0.040.130.0-0.38-0.280.19-0.430.57-0.03-0.3-0.250.11-0.170.04-0.06
0.860.980.740.380.240.90.93-0.41-0.080.580.91-0.10.35-0.420.010.860.33-0.08-0.030.00.410.88-0.270.530.88
0.33-0.06-0.110.120.64-0.05-0.06-0.190.45-0.060.040.130.270.250.45-0.10.6-0.45-0.30.00.47-0.020.46-0.050.0
0.730.390.080.520.830.540.390.270.560.180.630.210.310.290.780.160.62-0.22-0.250.410.470.230.080.060.63
0.670.850.87-0.070.040.660.73-0.52-0.350.750.720.080.56-0.56-0.090.980.33-0.250.110.88-0.020.23-0.210.80.63
-0.09-0.34-0.15-0.060.2-0.28-0.28-0.280.48-0.3-0.25-0.130.270.34-0.1-0.210.29-0.33-0.17-0.270.460.08-0.21-0.14-0.35
0.330.530.68-0.35-0.120.230.39-0.44-0.570.660.370.460.52-0.51-0.120.770.49-0.30.040.53-0.050.060.8-0.140.22
0.920.880.480.630.50.980.89-0.010.140.350.97-0.160.11-0.270.230.60.240.03-0.060.880.00.630.63-0.350.22
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Shipping Account Relationship Matchups

Shipping fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets139.2B134.0B142.5B109.1B121.0B132.2B
Short Long Term Debt Total47.7B36.8B32.0B26.0B29.1B43.3B
Other Current Liab4.8B5.4B3.4B4.4B2.2B2.1B
Total Current Liabilities45.9B24.3B29.2B27.9B29.2B26.7B
Total Stockholder Equity74.8B81.7B91.0B63.7B75.4B70.2B
Property Plant And Equipment Net106.5B102.1B76.8B74.4B70.5B91.4B
Net Debt45.2B34.5B30.6B22.9B20.8B30.0B
Retained Earnings8.5B14.3B(2.2B)5.1B10.9B11.5B
Accounts Payable9.6B8.3B12.4B13.9B13.4B10.0B
Cash2.4B2.2B1.4B3.2B8.4B9.7B
Non Current Assets Total114.8B111.0B89.1B82.2B84.5B98.1B
Non Currrent Assets Other963.5M70.6M70.9M1.7B7.5B7.8B
Cash And Short Term Investments2.4B2.2B9.1B13.0B11.9B10.7B
Net Receivables12.8B9.3B12.7B16.9B18.1B12.7B
Liabilities And Stockholders Equity139.2B134.0B142.5B109.1B121.0B132.2B
Non Current Liabilities Total18.4B28.1B22.4B17.5B16.4B15.6B
Inventory1.3B876.9M1.7B1.5B1.7B1.3B
Other Current Assets9.9B10.6B3.9B5.3B4.8B6.8B
Total Liab64.3B52.4B51.6B45.4B45.6B62.0B
Total Current Assets24.4B23.0B53.4B26.9B36.5B34.1B
Accumulated Other Comprehensive Income(45.5B)57.5B52.0B54.0B54.6B57.3B
Long Term Debt16.8B26.6B21.5B16.6B15.7B26.0B
Intangible Assets14.6M5M900K0.03.2M3.0M
Property Plant Equipment106.5B102.1B76.8B74.4B85.5B101.2B
Other Assets(100K)5.4B5.6B1.5B1.3B1.2B
Short Term Debt31.4B10.4B10.4B9.3B13.3B14.3B
Other Liab1.6B1.4B1.2B708.1M637.3M605.4M
Current Deferred Revenue4.9B5.1B6.0B3.2B285.6M271.3M
Net Tangible Assets71.8B74.8B81.7B91.0B104.6B80.2B
Short Long Term Debt30.6B4.2B10.3B9.2B13.3B18.4B
Long Term Debt Total17.0B26.9B21.7B16.8B15.1B24.2B
Cash And Equivalents2.4B2.2B1.4B3.2B2.9B2.1B
Net Invested Capital122.2B112.5B122.7B89.5B104.3B91.9B
Net Working Capital(21.5B)(1.3B)24.2B(1.0B)7.3B7.7B

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Other Information on Investing in Shipping Stock

Balance Sheet is a snapshot of the financial position of Shipping at a specified time, usually calculated after every quarter, six months, or one year. Shipping Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shipping and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Shipping currently owns. An asset can also be divided into two categories, current and non-current.