Spartan Short Long Term Debt Total vs Net Debt Analysis

SDE Stock

3.11 0.09 2.81%

Spartan Delta financial indicator trend analysis is much more than just breaking down Spartan Delta Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spartan Delta Corp is a good investment. Please check the relationship between Spartan Delta Short Long Term Debt Total and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spartan Delta Corp. 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 Net Debt

Short Long Term Debt Total vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spartan Delta Corp Short Long Term Debt Total account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Spartan Delta's Short Long Term Debt Total and Net Debt is 0.95. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Net Debt in the same time period over historical financial statements of Spartan Delta Corp, assuming nothing else is changed. The correlation between historical values of Spartan Delta's Short Long Term Debt Total and Net Debt 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 Spartan Delta Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Short Long Term Debt Total i.e., Spartan Delta's Short Long Term Debt Total and Net Debt go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Short Long Term Debt Total

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Spartan Delta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spartan Delta Corp 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 Spartan Delta Corp. 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.

At this time, Spartan Delta's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 92.6 M, while Issuance Of Capital Stock is likely to drop about 43.7 K.

	2021	2022	2023	2024 (projected)
Total Revenue	618.8M	1.5B	662.4M	695.5M
Depreciation And Amortization	105.2M	214.6M	140.2M	147.2M

Total Revenue Depreciation And Amortization

Spartan Delta fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Common Stock	Inventory	Short Long Term Debt Total	Long Term Debt	Long Term Debt Total	Capital Surpluse	Cash And Equivalents
Total Assets		0.91	0.98	1.0	0.72	0.93	0.99	0.64	1.0	0.23	0.64	1.0	0.87	0.87	0.45	0.65	0.95	0.85	0.66	0.89	0.4	0.86	0.82	0.86	0.77	0.6
Total Current Liabilities	0.91		0.86	0.88	0.64	0.92	0.93	0.44	0.88	0.26	0.44	0.9	0.99	0.73	0.78	0.33	0.92	0.95	0.91	0.63	0.74	0.75	0.7	0.89	0.95	0.83
Total Stockholder Equity	0.98	0.86		0.98	0.58	0.95	0.95	0.77	0.97	0.19	0.77	0.99	0.82	0.79	0.36	0.71	0.87	0.86	0.61	0.89	0.35	0.77	0.73	0.76	0.73	0.61
Property Plant And Equipment Net	1.0	0.88	0.98		0.74	0.9	0.99	0.64	1.0	0.22	0.64	0.99	0.83	0.9	0.39	0.69	0.95	0.81	0.6	0.92	0.32	0.88	0.85	0.86	0.72	0.53
Net Debt	0.72	0.64	0.58	0.74		0.44	0.78	0.01	0.75	0.21	0.01	0.65	0.57	0.94	0.37	0.38	0.87	0.38	0.37	0.71	0.15	0.95	0.97	0.92	0.43	0.13
Retained Earnings	0.93	0.92	0.95	0.9	0.44		0.9	0.74	0.89	0.18	0.74	0.95	0.9	0.63	0.54	0.53	0.81	0.97	0.79	0.72	0.58	0.62	0.58	0.71	0.86	0.81
Accounts Payable	0.99	0.93	0.95	0.99	0.78	0.9		0.55	0.99	0.24	0.55	0.98	0.89	0.9	0.52	0.59	0.98	0.84	0.69	0.86	0.44	0.89	0.86	0.92	0.79	0.6
Cash	0.64	0.44	0.77	0.64	0.01	0.74	0.55		0.63	0.05	1.0	0.7	0.41	0.32	-0.09	0.75	0.38	0.61	0.24	0.68	0.04	0.28	0.23	0.18	0.38	0.43
Non Current Assets Total	1.0	0.88	0.97	1.0	0.75	0.89	0.99	0.63		0.22	0.63	0.99	0.83	0.9	0.39	0.68	0.95	0.8	0.6	0.92	0.32	0.89	0.86	0.87	0.71	0.53
Non Currrent Assets Other	0.23	0.26	0.19	0.22	0.21	0.18	0.24	0.05	0.22		0.05	0.21	0.27	0.24	0.24	0.03	0.27	0.22	0.23	0.16	0.23	0.24	0.19	0.26	0.28	0.21
Cash And Short Term Investments	0.64	0.44	0.77	0.64	0.01	0.74	0.55	1.0	0.63	0.05		0.7	0.41	0.32	-0.09	0.75	0.38	0.61	0.24	0.68	0.04	0.28	0.23	0.18	0.38	0.43
Net Receivables	1.0	0.9	0.99	0.99	0.65	0.95	0.98	0.7	0.99	0.21	0.7		0.87	0.83	0.44	0.66	0.92	0.88	0.66	0.88	0.41	0.81	0.77	0.82	0.78	0.63
Common Stock Shares Outstanding	0.87	0.99	0.82	0.83	0.57	0.9	0.89	0.41	0.83	0.27	0.41	0.87		0.67	0.82	0.27	0.87	0.96	0.93	0.55	0.79	0.68	0.61	0.84	0.98	0.87
Non Current Liabilities Total	0.87	0.73	0.79	0.9	0.94	0.63	0.9	0.32	0.9	0.24	0.32	0.83	0.67		0.3	0.61	0.94	0.54	0.4	0.88	0.13	0.98	0.96	0.91	0.52	0.24
Other Current Assets	0.45	0.78	0.36	0.39	0.37	0.54	0.52	-0.09	0.39	0.24	-0.09	0.44	0.82	0.3		-0.27	0.57	0.72	0.94	0.02	0.96	0.37	0.31	0.65	0.88	0.83
Other Stockholder Equity	0.65	0.33	0.71	0.69	0.38	0.53	0.59	0.75	0.68	0.03	0.75	0.66	0.27	0.61	-0.27		0.51	0.34	-0.02	0.84	-0.29	0.54	0.53	0.35	0.14	0.03
Total Liab	0.95	0.92	0.87	0.95	0.87	0.81	0.98	0.38	0.95	0.27	0.38	0.92	0.87	0.94	0.57	0.51		0.77	0.68	0.82	0.44	0.94	0.91	0.97	0.77	0.54
Total Current Assets	0.85	0.95	0.86	0.81	0.38	0.97	0.84	0.61	0.8	0.22	0.61	0.88	0.96	0.54	0.72	0.34	0.77		0.91	0.55	0.76	0.55	0.49	0.7	0.96	0.93
Other Current Liab	0.66	0.91	0.61	0.6	0.37	0.79	0.69	0.24	0.6	0.23	0.24	0.66	0.93	0.4	0.94	-0.02	0.68	0.91		0.25	0.95	0.45	0.39	0.7	0.98	0.95
Common Stock	0.89	0.63	0.89	0.92	0.71	0.72	0.86	0.68	0.92	0.16	0.68	0.88	0.55	0.88	0.02	0.84	0.82	0.55	0.25		-0.06	0.84	0.84	0.7	0.4	0.21
Inventory	0.4	0.74	0.35	0.32	0.15	0.58	0.44	0.04	0.32	0.23	0.04	0.41	0.79	0.13	0.96	-0.29	0.44	0.76	0.95	-0.06		0.19	0.13	0.49	0.88	0.92
Short Long Term Debt Total	0.86	0.75	0.77	0.88	0.95	0.62	0.89	0.28	0.89	0.24	0.28	0.81	0.68	0.98	0.37	0.54	0.94	0.55	0.45	0.84	0.19		0.99	0.94	0.55	0.28
Long Term Debt	0.82	0.7	0.73	0.85	0.97	0.58	0.86	0.23	0.86	0.19	0.23	0.77	0.61	0.96	0.31	0.53	0.91	0.49	0.39	0.84	0.13	0.99		0.92	0.47	0.2
Long Term Debt Total	0.86	0.89	0.76	0.86	0.92	0.71	0.92	0.18	0.87	0.26	0.18	0.82	0.84	0.91	0.65	0.35	0.97	0.7	0.7	0.7	0.49	0.94	0.92		0.75	0.51
Capital Surpluse	0.77	0.95	0.73	0.72	0.43	0.86	0.79	0.38	0.71	0.28	0.38	0.78	0.98	0.52	0.88	0.14	0.77	0.96	0.98	0.4	0.88	0.55	0.47	0.75		0.94
Cash And Equivalents	0.6	0.83	0.61	0.53	0.13	0.81	0.6	0.43	0.53	0.21	0.43	0.63	0.87	0.24	0.83	0.03	0.54	0.93	0.95	0.21	0.92	0.28	0.2	0.51	0.94

Click cells to compare fundamentals

Spartan Delta Account Relationship Matchups

Spartan Delta fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	34.2M	331.4M	1.7B	2.1B	819.5M	860.5M
Total Current Liabilities	1.4M	45.9M	243.6M	278.6M	250.2M	262.8M
Total Stockholder Equity	25.6M	137.5M	886.6M	1.5B	429.7M	451.2M
Property Plant And Equipment Net	9.3M	306.7M	1.5B	1.7B	550.9M	578.5M
Net Debt	(24.7M)	47.1M	441.1M	66.3M	79.3M	83.3M
Retained Earnings	(38.5M)	9.2M	343.4M	938.8M	416.7M	437.5M
Accounts Payable	939.8K	34.1M	177.0M	176.9M	86.3M	90.6M
Cash	24.7M	2.7M	1.2M	124.4M	406K	385.7K
Non Current Assets Total	9.3M	306.7M	1.6B	1.8B	597.7M	627.6M
Cash And Short Term Investments	24.7M	2.7M	1.2M	124.4M	406K	385.7K
Net Receivables	229.4K	20.5M	96.7M	140.4M	50.7M	53.2M
Common Stock Shares Outstanding	2.0M	55.4M	133.5M	175.5M	173.5M	182.2M
Liabilities And Stockholders Equity	34.2M	331.4M	1.7B	2.1B	819.5M	860.5M
Non Current Liabilities Total	7.2M	148.0M	612.2M	304.0M	139.6M	85.0M
Other Current Assets	47.8K	1.5M	6.8M	2.3M	19.9M	20.9M
Other Stockholder Equity	8.4M	10.0M	16.3M	24.4M	1.3M	1.2M
Total Liab	8.6M	193.9M	855.8M	582.7M	389.8M	409.3M
Total Current Assets	24.9M	24.7M	110.2M	309.0M	221.8M	232.9M
Other Current Liab	452.2K	2.1M	52.8M	92.3M	154.5M	162.2M
Common Stock	45.7M	108.5M	517.2M	553.6M	11.7M	11.1M
Accumulated Other Comprehensive Income	349.7K	2.2M	10.0M	9.9M	9.7M	0.0
Long Term Debt Total	0.0	42.9M	432.2M	181.2M	208.4M	218.8M
Capital Surpluse	8.4M	10.0M	16.3M	24.4M	28.1M	29.5M
Cash And Equivalents	24.7M	2.7M	1.2M	124.4M	143.1M	150.2M
Property Plant Equipment	9.3M	306.7M	1.5B	1.7B	1.9B	2.0B
Other Liab	7.2M	105.1M	180.0M	122.8M	141.2M	78.5M
Net Tangible Assets	25.6M	137.5M	886.6M	1.5B	1.7B	1.8B
Net Invested Capital	25.6M	137.5M	1.3B	1.7B	474.2M	563.3M
Net Working Capital	23.5M	(21.2M)	(133.4M)	30.4M	(28.4M)	(27.0M)
Capital Stock	45.7M	108.5M	517.2M	553.6M	11.7M	11.1M

Pair Trading with Spartan Delta

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spartan Delta position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spartan Delta will appreciate offsetting losses from the drop in the long position's value.

Moving against Spartan Stock

0.66	ENS	E Split Corp	Pair Corr
0.58	ENB-PFV	Enbridge Pref 5	Pair Corr
0.5	ENS-PA	E Split Corp	Pair Corr
0.39	BUI	Buhler Industries	Pair Corr

The ability to find closely correlated positions to Spartan Delta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spartan Delta when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spartan Delta - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spartan Delta Corp to buy it.

The correlation of Spartan Delta is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spartan Delta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spartan Delta Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Spartan Delta can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Spartan Stock

Balance Sheet is a snapshot of the financial position of Spartan Delta Corp at a specified time, usually calculated after every quarter, six months, or one year. Spartan Delta Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Spartan Delta 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 Spartan currently owns. An asset can also be divided into two categories, current and non-current.

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Spartan Short Long Term Debt Total vs Net Debt Analysis

Short Long Term Debt Total vs Net Debt

Short Long Term Debt Total vs Net Debt Correlation Analysis

Correlation Coefficient

Short Long Term Debt Total

Net Debt

Spartan Delta fundamental ratios Correlations

Spartan Delta Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Spartan Delta fundamental ratios Accounts

Pair Trading with Spartan Delta

Moving against Spartan Stock

Other Information on Investing in Spartan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Accounts Payable	+ 0.99	Total Assets

Inventory	- 0.29	Other Stockholder Equity
Other Stockholder Equity	- 0.27	Other Current Assets
Other Current Assets	- 0.09	Cash And Short Term Investments
Other Current Assets	- 0.09	Cash
Inventory	- 0.06	Common Stock
Other Current Liab	- 0.02	Other Stockholder Equity