Southern Total Stockholder Equity vs Total Liab Analysis

SPIC Stock   77.74  1.51  1.91%   
Southern Petrochemicals financial indicator trend analysis is much more than just breaking down Southern Petrochemicals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Southern Petrochemicals is a good investment. Please check the relationship between Southern Petrochemicals Total Stockholder Equity and its Total Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Petrochemicals Industries. 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.

Total Stockholder Equity vs Total Liab

Total Stockholder Equity vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Southern Petrochemicals Total Stockholder Equity account and Total Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Southern Petrochemicals' Total Stockholder Equity and Total Liab is -0.16. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Liab in the same time period over historical financial statements of Southern Petrochemicals Industries, assuming nothing else is changed. The correlation between historical values of Southern Petrochemicals' Total Stockholder Equity and Total 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 Total Stockholder Equity of Southern Petrochemicals Industries are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Total Stockholder Equity i.e., Southern Petrochemicals' Total Stockholder Equity and Total Liab go up and down completely randomly.

Correlation Coefficient

-0.16
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Southern Petrochemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southern Petrochemicals 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 Southern Petrochemicals Industries. 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.
Tax Provision is likely to gain to about 598.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 94 M in 2024.
 2023 2024 (projected)
Research Development11.7M16.2M
Income Before Tax1.7B1.8B

Southern Petrochemicals fundamental ratios Correlations

-0.190.720.570.190.26-0.080.570.60.210.230.10.67-0.870.87-0.04-0.40.450.840.830.850.820.90.840.40.41
-0.190.01-0.68-0.190.0-0.190.41-0.14-0.03-0.25-0.210.260.010.030.050.32-0.23-0.080.03-0.010.04-0.08-0.08-0.14-0.67
0.720.010.090.73-0.14-0.120.460.87-0.080.17-0.110.82-0.620.450.36-0.08-0.050.640.620.530.630.590.650.080.41
0.57-0.680.09-0.110.470.37-0.230.050.380.250.48-0.16-0.230.36-0.43-0.710.810.230.170.290.150.340.230.520.69
0.19-0.190.73-0.11-0.43-0.030.00.74-0.160.06-0.080.47-0.1-0.150.510.15-0.360.180.110.00.130.070.21-0.130.37
0.260.0-0.140.47-0.430.21-0.14-0.320.03-0.340.05-0.26-0.030.21-0.77-0.350.63-0.06-0.030.06-0.070.08-0.070.070.12
-0.08-0.19-0.120.37-0.030.21-0.49-0.270.370.260.49-0.390.39-0.33-0.18-0.790.53-0.39-0.38-0.37-0.39-0.32-0.410.190.43
0.570.410.46-0.230.0-0.14-0.490.460.040.05-0.240.86-0.850.770.150.14-0.160.830.880.830.890.80.820.12-0.36
0.6-0.140.870.050.74-0.32-0.270.46-0.17-0.04-0.180.79-0.60.340.380.1-0.260.660.630.50.640.560.670.130.32
0.21-0.03-0.080.38-0.160.030.370.04-0.170.320.92-0.03-0.020.22-0.04-0.510.610.010.020.140.020.110.010.840.01
0.23-0.250.170.250.06-0.340.260.05-0.040.320.270.13-0.190.240.31-0.470.20.210.180.240.190.230.190.080.34
0.1-0.21-0.110.48-0.080.050.49-0.24-0.180.920.27-0.220.19-0.02-0.13-0.550.66-0.18-0.19-0.08-0.19-0.09-0.180.820.27
0.670.260.82-0.160.47-0.26-0.390.860.79-0.030.13-0.22-0.830.650.320.1-0.210.850.870.770.880.780.850.1-0.03
-0.870.01-0.62-0.23-0.1-0.030.39-0.85-0.6-0.02-0.190.19-0.83-0.93-0.070.1-0.08-0.99-0.99-0.98-0.99-0.99-0.98-0.19-0.07
0.870.030.450.36-0.150.21-0.330.770.340.220.24-0.020.65-0.93-0.05-0.210.320.890.890.960.890.950.880.330.01
-0.040.050.36-0.430.51-0.77-0.180.150.38-0.040.31-0.130.32-0.07-0.050.33-0.590.090.06-0.010.09-0.010.1-0.14-0.14
-0.40.32-0.08-0.710.15-0.35-0.790.140.1-0.51-0.47-0.550.10.1-0.210.33-0.8-0.09-0.09-0.15-0.08-0.19-0.06-0.41-0.57
0.45-0.23-0.050.81-0.360.630.53-0.16-0.260.610.20.66-0.21-0.080.32-0.59-0.80.030.040.180.020.20.030.630.46
0.84-0.080.640.230.18-0.06-0.390.830.660.010.21-0.180.85-0.990.890.09-0.090.030.990.970.990.981.00.190.1
0.830.030.620.170.11-0.03-0.380.880.630.020.18-0.190.87-0.990.890.06-0.090.040.990.971.00.980.980.210.04
0.85-0.010.530.290.00.06-0.370.830.50.140.24-0.080.77-0.980.96-0.01-0.150.180.970.970.970.990.970.290.03
0.820.040.630.150.13-0.07-0.390.890.640.020.19-0.190.88-0.990.890.09-0.080.020.991.00.970.970.980.20.03
0.9-0.080.590.340.070.08-0.320.80.560.110.23-0.090.78-0.990.95-0.01-0.190.20.980.980.990.970.980.280.12
0.84-0.080.650.230.21-0.07-0.410.820.670.010.19-0.180.85-0.980.880.1-0.060.031.00.980.970.980.980.20.1
0.4-0.140.080.52-0.130.070.190.120.130.840.080.820.1-0.190.33-0.14-0.410.630.190.210.290.20.280.20.18
0.41-0.670.410.690.370.120.43-0.360.320.010.340.27-0.03-0.070.01-0.14-0.570.460.10.040.030.030.120.10.18
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Southern Petrochemicals Account Relationship Matchups

Southern Petrochemicals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets20.9B17.1B16.9B22.0B17.6B28.4B
Other Current Liab4.5B545.1M1.1B446.2M1.2B1.1B
Total Current Liabilities16.3B11.6B9.3B10.8B6.2B10.4B
Total Stockholder Equity4.3B5.2B6.9B9.9B10.8B11.3B
Accounts Payable11.8B9.5B4.4B6.0B608.8M578.4M
Cash640.9M528.7M50.3M164.2M1.7B1.8B
Other Assets1.9B1.7B1.5B1.7B1.5B1.5B
Net Receivables11.5B2.2B473.6M7.1B177.1M168.2M
Short Term Investments(849.2M)2.8B766.2M7.3B312.5M413.8M
Inventory1.4B3.5B4.5B2.2B951.5M1.7B
Other Current Assets834.2M4.3B1.8B8.5B2.6B1.9B
Total Liab16.6B12.0B10.0B12.2B6.9B6.5B
Property Plant Equipment3.8B5.4B6.8B6.6B5.9B11.4B
Intangible Assets10.2M6.6M3.0M1.7M1M950K
Retained Earnings(335.3M)405.5M1.9B4.8B5.5B5.8B
Short Long Term Debt Total4.1B1.0B3.1B4.0B4.7B4.5B
Property Plant And Equipment Net3.8B5.4B6.8B6.6B6.8B7.9B
Net Debt3.4B508.8M3.0B3.8B3.0B2.8B
Non Current Assets Total6.7B8.3B9.8B10.8B11.9B16.2B
Non Currrent Assets Other849.2M671.6M459.3M977.3M293.1M278.4M
Cash And Short Term Investments640.9M528.7M816.5M7.4B2.0B1.6B
Liabilities And Stockholders Equity20.9B17.1B16.9B22.0B17.6B23.2B
Non Current Liabilities Total301.3M321.2M706.9M1.4B652.9M620.3M
Other Stockholder Equity3.6B(1.7B)2.7B2.1B8.7B7.9B
Total Current Assets14.3B8.8B7.1B11.2B5.8B9.6B
Accumulated Other Comprehensive Income(1.2B)611.0M884.2M897.2M8.7B9.2B
Other Liab288.9M301.3M321.2M311.9M280.7M301.3M
Current Deferred Revenue(4.1B)191.0M402.6M475.0M427.5M448.9M
Short Term Debt4.1B1.0B2.7B3.0B4.4B2.8B
Net Tangible Assets3.7B4.3B5.2B6.9B8.0B4.1B
Short Long Term Debt4.1B1.0B2.6B3.0B4.4B3.1B
Net Invested Capital8.4B6.2B10.0B13.8B15.4B10.6B
Net Working Capital(2.0B)(2.8B)(2.1B)388.4M(443M)(465.2M)

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