SandRidge Other Current Assets vs Other Stockholder Equity Analysis

SD Stock  USD 11.73  0.11  0.95%   
SandRidge Energy financial indicator trend analysis is much more than just breaking down SandRidge Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SandRidge Energy is a good investment. Please check the relationship between SandRidge Energy Other Current Assets and its Other Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SandRidge Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade SandRidge Stock refer to our How to Trade SandRidge Stock guide.

Other Current Assets vs Other Stockholder Equity

Other Current Assets vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SandRidge Energy Other Current Assets account and Other Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between SandRidge Energy's Other Current Assets and Other Stockholder Equity is 0.81. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of SandRidge Energy, assuming nothing else is changed. The correlation between historical values of SandRidge Energy's Other Current Assets 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 Other Current Assets of SandRidge Energy 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 Other Current Assets i.e., SandRidge Energy's Other Current Assets and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Other Stockholder Equity

Most indicators from SandRidge Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SandRidge Energy 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 SandRidge Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade SandRidge Stock refer to our How to Trade SandRidge Stock guide.The current year's Sales General And Administrative To Revenue is expected to grow to 0.14, whereas Selling General Administrative is forecasted to decline to about 10.2 M.
 2021 2022 2023 2024 (projected)
Interest Expense176K216K104K98.8K
Depreciation And Amortization15.4M17.9M22.2M21.1M

SandRidge Energy fundamental ratios Correlations

0.691.00.920.61.00.940.740.60.760.80.950.970.910.930.810.99-0.610.940.980.840.930.430.720.470.84
0.690.710.370.20.710.60.650.20.270.160.440.730.510.380.550.650.120.590.690.210.390.190.290.410.21
1.00.710.910.561.00.940.740.560.750.790.940.970.890.920.810.99-0.590.950.980.820.920.420.70.470.82
0.920.370.910.560.910.910.630.560.840.950.990.860.850.990.740.93-0.840.920.890.960.990.490.760.440.96
0.60.20.560.560.560.580.31.00.570.670.660.610.830.630.60.61-0.640.480.590.670.660.160.660.00.67
1.00.711.00.910.560.940.750.560.750.790.940.970.890.920.820.99-0.590.950.980.830.920.420.710.470.83
0.940.60.940.910.580.940.730.580.780.860.920.930.870.910.830.91-0.710.90.890.860.910.570.760.560.86
0.740.650.740.630.30.750.730.30.460.510.630.760.610.620.620.69-0.340.720.720.560.620.510.60.640.56
0.60.20.560.561.00.560.580.30.570.670.660.610.830.630.60.61-0.640.480.590.670.660.160.660.00.67
0.760.270.750.840.570.750.780.460.570.830.840.680.770.840.730.79-0.730.770.750.820.840.570.650.390.82
0.80.160.790.950.670.790.860.510.670.830.930.740.820.940.730.81-0.950.820.760.990.950.540.810.40.99
0.950.440.940.990.660.940.920.630.660.840.930.90.911.00.770.96-0.810.920.930.961.00.440.770.390.96
0.970.730.970.860.610.970.930.760.610.680.740.90.910.880.770.95-0.550.890.950.780.890.380.670.460.78
0.910.510.890.850.830.890.870.610.830.770.820.910.910.90.70.91-0.690.770.920.840.90.420.760.380.84
0.930.380.920.990.630.920.910.620.630.840.941.00.880.90.740.94-0.840.910.910.961.00.450.760.390.96
0.810.550.810.740.60.820.830.620.60.730.730.770.770.70.740.8-0.580.880.730.740.760.350.710.290.74
0.990.650.990.930.610.990.910.690.610.790.810.960.950.910.940.8-0.630.940.990.850.940.40.730.410.85
-0.610.12-0.59-0.84-0.64-0.59-0.71-0.34-0.64-0.73-0.95-0.81-0.55-0.69-0.84-0.58-0.63-0.65-0.56-0.93-0.84-0.46-0.73-0.25-0.93
0.940.590.950.920.480.950.90.720.480.770.820.920.890.770.910.880.94-0.650.90.860.910.410.730.430.86
0.980.690.980.890.590.980.890.720.590.750.760.930.950.920.910.730.99-0.560.90.810.910.440.70.480.81
0.840.210.820.960.670.830.860.560.670.820.990.960.780.840.960.740.85-0.930.860.810.970.520.810.41.0
0.930.390.920.990.660.920.910.620.660.840.951.00.890.91.00.760.94-0.840.910.910.970.440.770.380.97
0.430.190.420.490.160.420.570.510.160.570.540.440.380.420.450.350.4-0.460.410.440.520.440.50.920.52
0.720.290.70.760.660.710.760.60.660.650.810.770.670.760.760.710.73-0.730.730.70.810.770.50.410.81
0.470.410.470.440.00.470.560.640.00.390.40.390.460.380.390.290.41-0.250.430.480.40.380.920.410.4
0.840.210.820.960.670.830.860.560.670.820.990.960.780.840.960.740.85-0.930.860.811.00.970.520.810.4
Click cells to compare fundamentals

SandRidge Energy Account Relationship Matchups

SandRidge Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets607.7M260.8M352.9M600.5M574.2M545.5M
Total Stockholder Equity402.5M128.1M245.3M487.9M468.1M594.3M
Property Plant And Equipment Net567.9M209.3M190.8M230.9M242.6M230.5M
Net Debt53.2M(2.1M)(137.3M)(254.1M)(252.4M)(239.8M)
Cash4.3M22.1M137.3M255.7M252.4M166.2M
Non Current Assets Total569.1M210.0M191.2M295.6M296.3M281.5M
Non Currrent Assets Other1.1M680K332K190K3.1M3.0M
Other Assets1.1M106.9M332K64.7M58.2M55.1M
Cash And Short Term Investments4.3M22.1M137.3M255.7M252.4M166.2M
Common Stock Shares Outstanding35.4M35.7M37.3M37.2M37.1M35.3M
Liabilities And Stockholders Equity607.7M260.8M352.9M600.5M574.2M545.5M
Other Stockholder Equity1.1B1.1B1.1B1.2B1.1B1.0B
Total Liab205.2M132.8M107.6M112.6M106.1M100.8M
Property Plant And Equipment Gross567.9M209.3M1.6B1.6B1.7B2.1B
Total Current Assets38.6M50.8M161.7M304.9M277.9M280.0M
Other Current Liab59M39.0M46.4M42.7M35.7M33.9M
Total Current Liabilities88.4M68.9M64.0M63.3M49.3M46.9M
Retained Earnings(745.4M)(1.0B)(906.0M)(663.8M)(602.9M)(633.1M)
Accounts Payable29.4M23.0M13.7M18.0M12.9M12.2M
Net Receivables28.6M19.6M21.5M34.7M22.2M21.1M
Non Current Liabilities Total116.8M63.9M43.6M49.3M56.7M53.9M
Inventory5.1M9.0M2.9M6.7M1.00.95
Other Current Assets538K9.1M3.0M14.4M3.3M3.1M
Other Liab59.3M43.9M43.1M48.7M43.8M41.6M
Property Plant Equipment379.3M103.1M97.8M92.2M83.0M78.9M
Net Tangible Assets402.5M128.1M245.3M487.9M439.1M593.4M
Retained Earnings Total Equity(745.4M)(1.0B)(906.0M)(663.8M)(763.4M)(801.5M)
Long Term Debt Total0.057.5M20M600K540K513K
Capital Surpluse1.1B1.1B1.1B1.2B1.0B984.7M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SandRidge Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade SandRidge Stock refer to our How to Trade SandRidge Stock guide.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Oil & Gas Exploration & Production space 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 SandRidge Energy. If investors know SandRidge 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 SandRidge Energy 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
0.373
Dividend Share
0.43
Earnings Share
1.26
Revenue Per Share
3.243
Quarterly Revenue Growth
(0.21)
The market value of SandRidge Energy is measured differently than its book value, which is the value of SandRidge that is recorded on the company's balance sheet. Investors also form their own opinion of SandRidge Energy's value that differs from its market value or its book value, called intrinsic value, which is SandRidge Energy'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 SandRidge Energy's market value can be influenced by many factors that don't directly affect SandRidge Energy'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 SandRidge Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if SandRidge Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SandRidge Energy'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.