Solid Long Term Debt vs Current Deferred Revenue Analysis

SLDP Stock

USD 1.12 0.01 0.90%

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

To learn how to invest in Solid Stock, please use our How to Invest in Solid Power guide.

Long Term Debt vs Current Deferred Revenue

Long Term Debt vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solid Power Long Term Debt account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Solid Power's Long Term Debt and Current Deferred Revenue is -0.59. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Solid Power, assuming nothing else is changed. The correlation between historical values of Solid Power's Long Term Debt and Current Deferred Revenue 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 Solid Power are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Long Term Debt i.e., Solid Power's Long Term Debt and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Long Term Debt

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

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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

To learn how to invest in Solid Stock, please use our How to Invest in Solid Power guide.As of 11/28/2024, Selling General Administrative is likely to grow to about 27.5 M, though Tax Provision is likely to grow to (148.2 K).

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	2.4M	5.9M	12.7M	13.4M
Interest Income	56K	4.7M	15.4M	16.2M

Depreciation And Amortization Interest Income

Solid Power fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets
Total Assets		0.01	0.85	0.91	1.0	0.77	0.96	0.78	0.62	-0.6	-0.25	0.93	0.61	0.74	0.96	-0.98	0.91	0.91	0.24	0.8	0.94	0.95	1.0	0.77	-0.89	0.92
Short Long Term Debt Total	0.01		0.29	0.41	0.03	-0.63	0.1	0.5	0.51	0.78	-0.31	0.34	-0.77	0.53	0.02	-0.07	-0.38	0.42	0.09	-0.59	0.04	-0.28	0.03	0.46	-0.14	-0.37
Other Current Liab	0.85	0.29		0.86	0.86	0.51	0.96	0.97	0.52	-0.23	-0.54	0.84	0.24	0.96	0.95	-0.93	0.65	0.88	0.21	0.52	0.89	0.73	0.85	0.98	-0.87	0.65
Total Current Liabilities	0.91	0.41	0.86		0.92	0.44	0.89	0.89	0.82	-0.24	-0.32	0.99	0.25	0.86	0.86	-0.91	0.69	1.0	0.24	0.49	0.84	0.76	0.91	0.85	-0.85	0.69
Total Stockholder Equity	1.0	0.03	0.86	0.92		0.75	0.96	0.79	0.63	-0.59	-0.26	0.93	0.59	0.75	0.96	-0.98	0.9	0.92	0.24	0.78	0.95	0.94	1.0	0.78	-0.89	0.91
Other Liab	0.77	-0.63	0.51	0.44	0.75		0.7	0.32	0.13	-0.95	-0.07	0.49	0.95	0.27	0.75	-0.73	0.94	0.44	0.07	0.99	0.71	0.92	0.74	0.34	-0.59	0.94
Net Tangible Assets	0.96	0.1	0.96	0.89	0.96	0.7		0.89	0.58	-0.47	-0.35	0.9	0.48	0.87	0.99	-0.99	0.83	0.9	0.3	0.71	0.94	0.88	0.96	0.89	-0.94	0.84
Property Plant And Equipment Net	0.78	0.5	0.97	0.89	0.79	0.32	0.89		0.64	-0.03	-0.53	0.86	0.04	1.0	0.86	-0.87	0.52	0.9	0.23	0.35	0.8	0.61	0.78	0.99	-0.83	0.52
Current Deferred Revenue	0.62	0.51	0.52	0.82	0.63	0.13	0.58	0.64		0.0	0.03	0.84	0.01	0.6	0.49	-0.59	0.45	0.8	0.27	0.23	0.41	0.49	0.64	0.56	-0.62	0.46
Net Debt	-0.6	0.78	-0.23	-0.24	-0.59	-0.95	-0.47	-0.03	0.0		-0.16	-0.3	-1.0	0.03	-0.53	0.51	-0.85	-0.23	-0.09	-0.94	-0.53	-0.8	-0.59	-0.04	0.41	-0.85
Retained Earnings	-0.25	-0.31	-0.54	-0.32	-0.26	-0.07	-0.35	-0.53	0.03	-0.16		-0.26	0.16	-0.56	-0.44	0.4	-0.06	-0.34	0.61	-0.05	-0.39	-0.16	-0.19	-0.58	0.05	-0.06
Accounts Payable	0.93	0.34	0.84	0.99	0.93	0.49	0.9	0.86	0.84	-0.3	-0.26		0.31	0.82	0.86	-0.92	0.74	0.99	0.24	0.55	0.83	0.8	0.93	0.82	-0.85	0.74
Cash	0.61	-0.77	0.24	0.25	0.59	0.95	0.48	0.04	0.01	-1.0	0.16	0.31		-0.02	0.53	-0.52	0.86	0.24	0.09	0.94	0.54	0.8	0.59	0.05	-0.42	0.85
Non Current Assets Total	0.74	0.53	0.96	0.86	0.75	0.27	0.87	1.0	0.6	0.03	-0.56	0.82	-0.02		0.83	-0.83	0.46	0.88	0.22	0.29	0.77	0.55	0.74	1.0	-0.8	0.46
Non Currrent Assets Other	0.96	0.02	0.95	0.86	0.96	0.75	0.99	0.86	0.49	-0.53	-0.44	0.86	0.53	0.83		-0.99	0.85	0.87	0.17	0.76	0.96	0.91	0.94	0.87	-0.88	0.86
Long Term Debt	-0.98	-0.07	-0.93	-0.91	-0.98	-0.73	-0.99	-0.87	-0.59	0.51	0.4	-0.92	-0.52	-0.83	-0.99		-0.87	-0.91	-0.17	-0.76	-0.94	-0.92	-0.97	-0.86	0.88	-0.87
Cash And Short Term Investments	0.91	-0.38	0.65	0.69	0.9	0.94	0.83	0.52	0.45	-0.85	-0.06	0.74	0.86	0.46	0.85	-0.87		0.68	0.18	0.97	0.8	0.99	0.9	0.5	-0.76	1.0
Net Receivables	0.91	0.42	0.88	1.0	0.92	0.44	0.9	0.9	0.8	-0.23	-0.34	0.99	0.24	0.88	0.87	-0.91	0.68		0.24	0.49	0.86	0.75	0.92	0.87	-0.85	0.68
Common Stock Shares Outstanding	0.24	0.09	0.21	0.24	0.24	0.07	0.3	0.23	0.27	-0.09	0.61	0.24	0.09	0.22	0.17	-0.17	0.18	0.24		0.09	0.24	0.16	0.33	0.21	-0.61	0.18
Non Current Liabilities Total	0.8	-0.59	0.52	0.49	0.78	0.99	0.71	0.35	0.23	-0.94	-0.05	0.55	0.94	0.29	0.76	-0.76	0.97	0.49	0.09		0.71	0.94	0.77	0.35	-0.62	0.97
Other Current Assets	0.94	0.04	0.89	0.84	0.95	0.71	0.94	0.8	0.41	-0.53	-0.39	0.83	0.54	0.77	0.96	-0.94	0.8	0.86	0.24	0.71		0.86	0.94	0.81	-0.85	0.81
Total Liab	0.95	-0.28	0.73	0.76	0.94	0.92	0.88	0.61	0.49	-0.8	-0.16	0.8	0.8	0.55	0.91	-0.92	0.99	0.75	0.16	0.94	0.86		0.94	0.6	-0.79	0.99
Net Invested Capital	1.0	0.03	0.85	0.91	1.0	0.74	0.96	0.78	0.64	-0.59	-0.19	0.93	0.59	0.74	0.94	-0.97	0.9	0.92	0.33	0.77	0.94	0.94		0.76	-0.92	0.9
Property Plant And Equipment Gross	0.77	0.46	0.98	0.85	0.78	0.34	0.89	0.99	0.56	-0.04	-0.58	0.82	0.05	1.0	0.87	-0.86	0.5	0.87	0.21	0.35	0.81	0.6	0.76		-0.82	0.51
Short Long Term Debt	-0.89	-0.14	-0.87	-0.85	-0.89	-0.59	-0.94	-0.83	-0.62	0.41	0.05	-0.85	-0.42	-0.8	-0.88	0.88	-0.76	-0.85	-0.61	-0.62	-0.85	-0.79	-0.92	-0.82		-0.76
Total Current Assets	0.92	-0.37	0.65	0.69	0.91	0.94	0.84	0.52	0.46	-0.85	-0.06	0.74	0.85	0.46	0.86	-0.87	1.0	0.68	0.18	0.97	0.81	0.99	0.9	0.51	-0.76

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Solid Power Account Relationship Matchups

Pair Trading with Solid Power

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 Solid Power 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 Solid Power will appreciate offsetting losses from the drop in the long position's value.

Moving together with Solid Stock

0.7

EFSH

1847 Holdings LLC

Pair Corr

Moving against Solid Stock

0.82	ALSN	Allison Transmission	Pair Corr
0.79	GBX	Greenbrier Companies	Pair Corr
0.78	VMI	Valmont Industries	Pair Corr
0.74	HON	Honeywell International	Pair Corr
0.72	WAB	Westinghouse Air Brake	Pair Corr

The ability to find closely correlated positions to Solid Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solid Power 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 Solid Power - 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 Solid Power to buy it.

The correlation of Solid Power 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 Solid Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solid Power 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 Solid Power 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

Additional Tools for Solid Stock Analysis

When running Solid Power's price analysis, check to measure Solid Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Solid Power is operating at the current time. Most of Solid Power's value examination focuses on studying past and present price action to predict the probability of Solid Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solid Power's price. Additionally, you may evaluate how the addition of Solid Power to your portfolios can decrease your overall portfolio volatility.

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