Solid Change To Account Receivables vs Change To Netincome Analysis

SOLI Stock

130.00 10.00 8.33%

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

Change To Account Receivables vs Change To Netincome

Change To Account Receivables vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solid State Plc Change To Account Receivables account and Change To Netincome. At this time, the significance of the direction appears to have pay attention.

The correlation between Solid State's Change To Account Receivables and Change To Netincome is -0.73. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Solid State Plc, assuming nothing else is changed. The correlation between historical values of Solid State's Change To Account Receivables and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Solid State Plc are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Change To Account Receivables i.e., Solid State's Change To Account Receivables and Change To Netincome go up and down completely randomly.

Correlation Coefficient

-0.73

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Change To Account Receivables

Change To Netincome

Most indicators from Solid State's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solid State Plc 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 State Plc. 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, Solid State's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 3.4 M in 2024, despite the fact that Discontinued Operations is likely to grow to (374.5 K).

	2021	2022	2023	2024 (projected)
Interest Expense	226K	972K	1.5M	1.6M
Depreciation And Amortization	2.8M	4.2M	4.9M	5.1M

Interest Expense Depreciation And Amortization

Solid State fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Net Debt	Short Term Debt	Cash	Cash And Short Term Investments	Other Assets	Net Receivables	Other Current Assets
Total Assets		0.97	0.99	0.96	0.95	0.77	1.0	0.42	0.39	0.72	0.95	0.98	0.95	0.98	0.97	1.0	0.6	0.95	0.94	0.7	0.41	0.95	0.95	0.83	0.92	0.15
Total Current Liabilities	0.97		0.94	0.93	0.91	0.81	0.96	0.35	0.42	0.7	0.91	0.98	0.89	0.99	0.95	0.98	0.62	0.91	0.95	0.67	0.46	0.93	0.93	0.83	0.88	0.15
Total Stockholder Equity	0.99	0.94		0.95	0.96	0.77	0.99	0.49	0.4	0.73	0.91	0.95	0.96	0.95	0.96	0.98	0.59	0.95	0.9	0.72	0.41	0.91	0.91	0.83	0.94	0.15
Property Plant And Equipment Net	0.96	0.93	0.95		0.98	0.68	0.96	0.26	0.39	0.69	0.94	0.93	0.85	0.95	0.96	0.96	0.55	0.87	0.95	0.56	0.28	0.92	0.92	0.71	0.89	0.17
Retained Earnings	0.95	0.91	0.96	0.98		0.75	0.94	0.36	0.5	0.75	0.89	0.91	0.85	0.92	0.93	0.96	0.63	0.86	0.91	0.57	0.33	0.88	0.88	0.69	0.93	0.26
Accounts Payable	0.77	0.81	0.77	0.68	0.75		0.73	0.44	0.61	0.69	0.62	0.81	0.77	0.76	0.69	0.8	0.75	0.69	0.74	0.46	0.33	0.73	0.73	0.64	0.71	0.49
Non Current Assets Total	1.0	0.96	0.99	0.96	0.94	0.73		0.42	0.34	0.7	0.95	0.97	0.95	0.98	0.97	0.98	0.56	0.96	0.92	0.71	0.39	0.94	0.94	0.84	0.9	0.09
Non Currrent Assets Other	0.42	0.35	0.49	0.26	0.36	0.44	0.42		0.36	0.42	0.29	0.39	0.56	0.33	0.36	0.42	0.45	0.56	0.16	0.66	0.51	0.29	0.29	0.6	0.5	-0.05
Common Stock Total Equity	0.39	0.42	0.4	0.39	0.5	0.61	0.34	0.36		0.74	0.29	0.38	0.28	0.38	0.29	0.43	0.94	0.33	0.33	0.13	0.29	0.35	0.35	0.26	0.46	0.28
Common Stock Shares Outstanding	0.72	0.7	0.73	0.69	0.75	0.69	0.7	0.42	0.74		0.65	0.73	0.66	0.7	0.64	0.74	0.88	0.67	0.66	0.38	0.26	0.71	0.71	0.51	0.65	0.27
Non Current Liabilities Total	0.95	0.91	0.91	0.94	0.89	0.62	0.95	0.29	0.29	0.65		0.92	0.86	0.96	0.91	0.93	0.5	0.9	0.94	0.6	0.26	0.97	0.97	0.71	0.81	0.12
Inventory	0.98	0.98	0.95	0.93	0.91	0.81	0.97	0.39	0.38	0.73	0.92		0.93	0.98	0.94	0.98	0.61	0.92	0.95	0.63	0.35	0.96	0.96	0.8	0.84	0.16
Other Stockholder Equity	0.95	0.89	0.96	0.85	0.85	0.77	0.95	0.56	0.28	0.66	0.86	0.93		0.9	0.91	0.93	0.52	0.94	0.82	0.78	0.43	0.87	0.87	0.87	0.87	0.12
Total Liab	0.98	0.99	0.95	0.95	0.92	0.76	0.98	0.33	0.38	0.7	0.96	0.98	0.9		0.96	0.99	0.59	0.93	0.96	0.66	0.4	0.97	0.97	0.8	0.87	0.14
Property Plant And Equipment Gross	0.97	0.95	0.96	0.96	0.93	0.69	0.97	0.36	0.29	0.64	0.91	0.94	0.91	0.96		0.97	0.48	0.92	0.92	0.72	0.43	0.88	0.88	0.85	0.92	0.05
Total Current Assets	1.0	0.98	0.98	0.96	0.96	0.8	0.98	0.42	0.43	0.74	0.93	0.98	0.93	0.99	0.97		0.63	0.94	0.94	0.69	0.43	0.94	0.94	0.81	0.93	0.19
Common Stock	0.6	0.62	0.59	0.55	0.63	0.75	0.56	0.45	0.94	0.88	0.5	0.61	0.52	0.59	0.48	0.63		0.55	0.52	0.3	0.33	0.58	0.58	0.46	0.57	0.24
Short Long Term Debt Total	0.95	0.91	0.95	0.87	0.86	0.69	0.96	0.56	0.33	0.67	0.9	0.92	0.94	0.93	0.92	0.94	0.55		0.84	0.82	0.54	0.88	0.88	0.89	0.89	0.02
Other Current Liab	0.94	0.95	0.9	0.95	0.91	0.74	0.92	0.16	0.33	0.66	0.94	0.95	0.82	0.96	0.92	0.94	0.52	0.84		0.49	0.21	0.95	0.95	0.67	0.8	0.3
Net Debt	0.7	0.67	0.72	0.56	0.57	0.46	0.71	0.66	0.13	0.38	0.6	0.63	0.78	0.66	0.72	0.69	0.3	0.82	0.49		0.8	0.54	0.54	0.89	0.78	-0.18
Short Term Debt	0.41	0.46	0.41	0.28	0.33	0.33	0.39	0.51	0.29	0.26	0.26	0.35	0.43	0.4	0.43	0.43	0.33	0.54	0.21	0.8		0.25	0.25	0.68	0.58	-0.26
Cash	0.95	0.93	0.91	0.92	0.88	0.73	0.94	0.29	0.35	0.71	0.97	0.96	0.87	0.97	0.88	0.94	0.58	0.88	0.95	0.54	0.25		1.0	0.69	0.77	0.22
Cash And Short Term Investments	0.95	0.93	0.91	0.92	0.88	0.73	0.94	0.29	0.35	0.71	0.97	0.96	0.87	0.97	0.88	0.94	0.58	0.88	0.95	0.54	0.25	1.0		0.69	0.77	0.22
Other Assets	0.83	0.83	0.83	0.71	0.69	0.64	0.84	0.6	0.26	0.51	0.71	0.8	0.87	0.8	0.85	0.81	0.46	0.89	0.67	0.89	0.68	0.69	0.69		0.81	-0.16
Net Receivables	0.92	0.88	0.94	0.89	0.93	0.71	0.9	0.5	0.46	0.65	0.81	0.84	0.87	0.87	0.92	0.93	0.57	0.89	0.8	0.78	0.58	0.77	0.77	0.81		0.14
Other Current Assets	0.15	0.15	0.15	0.17	0.26	0.49	0.09	-0.05	0.28	0.27	0.12	0.16	0.12	0.14	0.05	0.19	0.24	0.02	0.3	-0.18	-0.26	0.22	0.22	-0.16	0.14

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Solid State Account Relationship Matchups

Solid State fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.7M	54.0M	62.3M	113.8M	113.6M	119.3M
Total Current Liabilities	14.7M	15.7M	27.9M	38.6M	34.0M	35.7M
Total Stockholder Equity	22.5M	25.5M	27.1M	57.9M	64.6M	67.9M
Property Plant And Equipment Net	3.3M	5.5M	5.4M	6.7M	7.8M	8.2M
Retained Earnings	18.5M	21.5M	23.0M	27.8M	35.1M	36.8M
Accounts Payable	10.6M	4.2M	8.1M	12.9M	10.0M	10.5M
Non Current Assets Total	11.6M	22.0M	21.8M	48.6M	48.5M	51.0M
Non Currrent Assets Other	8.4M	11.3M	(539K)	10.7M	12.3M	12.9M
Common Stock Shares Outstanding	43.3M	43.4M	43.8M	53.0M	58.3M	39.6M
Liabilities And Stockholders Equity	38.7M	54.0M	62.3M	113.8M	113.6M	119.3M
Non Current Liabilities Total	1.5M	12.7M	7.3M	17.3M	15.0M	15.8M
Inventory	9.7M	10.6M	17.6M	33.2M	25.1M	26.3M
Other Stockholder Equity	7.8M	3.6M	3.6M	30.4M	29.0M	30.4M
Total Liab	16.1M	28.5M	35.3M	55.8M	49.0M	51.4M
Property Plant And Equipment Gross	3.3M	5.5M	11.4M	14.7M	18.5M	19.4M
Total Current Assets	27.1M	32.0M	40.6M	65.2M	65.1M	68.3M
Short Long Term Debt Total	1.5M	6.3M	5.6M	16.7M	16.7M	17.5M
Other Current Liab	6.0M	7.7M	10.4M	13.9M	11.8M	12.3M
Net Debt	(2.0M)	(621K)	660K	4.5M	8.2M	8.7M
Short Term Debt	804K	741K	2.8M	2.3M	4.5M	4.7M
Accumulated Other Comprehensive Income	(4.2M)	11K	38K	(831K)	(1.6M)	(1.5M)
Cash	3.5M	6.9M	5.0M	12.2M	8.4M	8.9M
Cash And Short Term Investments	3.5M	6.9M	5.0M	12.2M	8.4M	8.9M
Net Receivables	11.1M	11.8M	15.1M	16.5M	28.2M	29.6M
Other Current Assets	13.9M	2.6M	2.9M	3.2M	3.4M	2.2M
Property Plant Equipment	3.3M	5.5M	5.4M	6.7M	7.7M	8.1M
Current Deferred Revenue	(2.8M)	528K	12.4M	17.6M	6.5M	6.8M
Long Term Debt	0.0	3.8M	1.5M	13.4M	9.7M	10.2M
Intangible Assets	1.9M	6.7M	5.9M	11.8M	10.7M	11.2M
Other Liab	811K	7.2M	4.5M	2.9M	3.3M	2.0M
Net Tangible Assets	14.4M	8.9M	11.2M	17.0M	19.6M	12.0M

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Solid Change To Account Receivables vs Change To Netincome Analysis

Change To Account Receivables vs Change To Netincome

Change To Account Receivables vs Change To Netincome Correlation Analysis

Correlation Coefficient

Change To Account Receivables

Change To Netincome

Solid State fundamental ratios Correlations

Solid State Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Solid State fundamental ratios Accounts

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COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Total Stockholder Equity

Other Current Assets	- 0.26	Short Term Debt
Other Current Assets	- 0.18	Net Debt
Other Current Assets	- 0.16	Other Assets
Other Current Assets	- 0.05	Non Currrent Assets Other