Spectra Non Current Liabilities Total vs Net Debt Analysis

SPSY Stock

236.00 2.00 0.84%

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

Non Current Liabilities Total vs Net Debt

Non Current Liabilities Total vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spectra Systems Corp Non Current Liabilities Total account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Spectra Systems' Non Current Liabilities Total and Net Debt is 0.67. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Debt in the same time period over historical financial statements of Spectra Systems Corp, assuming nothing else is changed. The correlation between historical values of Spectra Systems' Non Current Liabilities 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 Non Current Liabilities Total of Spectra Systems 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 Non Current Liabilities Total i.e., Spectra Systems' Non Current Liabilities Total and Net Debt go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Non Current Liabilities 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 Spectra Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spectra Systems 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 Spectra Systems 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.

Tax Provision is likely to gain to about 1.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	10.5M	12.3M	13.6M	8.5M
Total Revenue	16.6M	19.6M	20.3M	13.8M

Gross Profit Total Revenue

Spectra Systems fundamental ratios Correlations

	Total Assets	Other Current Liab	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 Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Other Assets	Short Term Investments
Total Assets		0.53	0.57	0.84	0.61	0.05	0.65	0.48	0.6	0.68	0.69	0.47	0.13	-0.13	0.65	0.59	0.52	0.64	0.59	0.6	0.6	0.81	0.5	-0.13	0.56	0.84
Other Current Liab	0.53		0.98	0.18	0.88	0.59	0.55	0.87	0.11	0.83	0.53	0.05	0.3	-0.17	0.1	0.88	0.66	0.83	0.01	0.93	0.88	0.32	0.0	-0.17	0.29	0.63
Total Current Liabilities	0.57	0.98		0.23	0.95	0.63	0.59	0.92	0.13	0.88	0.56	0.08	0.3	-0.14	0.13	0.95	0.72	0.84	0.04	0.98	0.95	0.36	0.05	-0.13	0.27	0.68
Total Stockholder Equity	0.84	0.18	0.23		0.32	-0.35	0.48	0.17	0.79	0.46	0.73	0.67	0.06	-0.08	0.87	0.28	0.36	0.43	0.88	0.27	0.3	0.87	0.6	-0.08	0.56	0.63
Property Plant And Equipment Net	0.61	0.88	0.95	0.32		0.69	0.6	0.85	0.1	0.97	0.52	0.02	0.21	-0.23	0.25	0.98	0.86	0.79	0.12	0.99	1.0	0.32	0.28	-0.23	0.3	0.78
Net Debt	0.05	0.59	0.63	-0.35	0.69		0.12	0.57	-0.64	0.6	-0.07	-0.62	0.2	-0.34	-0.24	0.67	0.61	0.4	-0.43	0.66	0.7	-0.39	0.09	-0.34	0.02	0.44
Retained Earnings	0.65	0.55	0.59	0.48	0.6	0.12		0.37	0.56	0.65	0.52	0.43	-0.11	-0.02	0.24	0.69	0.32	0.58	0.04	0.65	0.6	0.56	0.21	-0.02	0.16	0.47
Accounts Payable	0.48	0.87	0.92	0.17	0.85	0.57	0.37		0.08	0.73	0.55	0.15	0.48	0.01	0.09	0.83	0.6	0.77	0.1	0.88	0.85	0.37	-0.13	0.01	0.21	0.56
Cash	0.6	0.11	0.13	0.79	0.1	-0.64	0.56	0.08		0.19	0.62	0.89	-0.12	0.31	0.5	0.14	0.02	0.24	0.63	0.13	0.09	0.87	0.13	0.31	0.21	0.18
Non Current Assets Total	0.68	0.83	0.88	0.46	0.97	0.6	0.65	0.73	0.19		0.53	0.03	0.13	-0.35	0.41	0.94	0.9	0.79	0.24	0.94	0.97	0.36	0.47	-0.34	0.4	0.85
Non Currrent Assets Other	0.69	0.53	0.56	0.73	0.52	-0.07	0.52	0.55	0.62	0.53		0.74	0.34	0.2	0.58	0.51	0.31	0.63	0.64	0.54	0.51	0.85	0.13	0.2	0.39	0.48
Cash And Short Term Investments	0.47	0.05	0.08	0.67	0.02	-0.62	0.43	0.15	0.89	0.03	0.74		0.12	0.54	0.39	0.07	-0.18	0.17	0.58	0.07	0.01	0.88	-0.13	0.54	0.11	0.01
Net Receivables	0.13	0.3	0.3	0.06	0.21	0.2	-0.11	0.48	-0.12	0.13	0.34	0.12		-0.17	0.26	0.14	0.03	0.32	0.18	0.22	0.21	0.18	-0.16	-0.17	0.46	0.25
Common Stock Total Equity	-0.13	-0.17	-0.14	-0.08	-0.23	-0.34	-0.02	0.01	0.31	-0.35	0.2	0.54	-0.17		-0.45	-0.11	-0.38	-0.35	-0.05	-0.15	-0.2	0.25	-0.6	1.0	-0.6	-0.55
Common Stock Shares Outstanding	0.65	0.1	0.13	0.87	0.25	-0.24	0.24	0.09	0.5	0.41	0.58	0.39	0.26	-0.45		0.14	0.38	0.43	0.88	0.16	0.22	0.62	0.71	-0.45	0.75	0.66
Non Current Liabilities Total	0.59	0.88	0.95	0.28	0.98	0.67	0.69	0.83	0.14	0.94	0.51	0.07	0.14	-0.11	0.14		0.79	0.75	0.02	0.99	0.99	0.33	0.18	-0.11	0.19	0.69
Inventory	0.52	0.66	0.72	0.36	0.86	0.61	0.32	0.6	0.02	0.9	0.31	-0.18	0.03	-0.38	0.38	0.79		0.54	0.28	0.78	0.85	0.15	0.54	-0.38	0.41	0.8
Other Current Assets	0.64	0.83	0.84	0.43	0.79	0.4	0.58	0.77	0.24	0.79	0.63	0.17	0.32	-0.35	0.43	0.75	0.54		0.26	0.81	0.78	0.49	0.24	-0.35	0.41	0.73
Other Stockholder Equity	0.59	0.01	0.04	0.88	0.12	-0.43	0.04	0.1	0.63	0.24	0.64	0.58	0.18	-0.05	0.88	0.02	0.28	0.26		0.05	0.1	0.72	0.51	-0.05	0.54	0.45
Total Liab	0.6	0.93	0.98	0.27	0.99	0.66	0.65	0.88	0.13	0.94	0.54	0.07	0.22	-0.15	0.16	0.99	0.78	0.81	0.05		0.99	0.34	0.15	-0.15	0.25	0.72
Property Plant And Equipment Gross	0.6	0.88	0.95	0.3	1.0	0.7	0.6	0.85	0.09	0.97	0.51	0.01	0.21	-0.2	0.22	0.99	0.85	0.78	0.1	0.99		0.31	0.26	-0.2	0.27	0.76
Total Current Assets	0.81	0.32	0.36	0.87	0.32	-0.39	0.56	0.37	0.87	0.36	0.85	0.88	0.18	0.25	0.62	0.33	0.15	0.49	0.72	0.34	0.31		0.16	0.25	0.38	0.45
Intangible Assets	0.5	0.0	0.05	0.6	0.28	0.09	0.21	-0.13	0.13	0.47	0.13	-0.13	-0.16	-0.6	0.71	0.18	0.54	0.24	0.51	0.15	0.26	0.16		-0.6	0.49	0.66
Common Stock	-0.13	-0.17	-0.13	-0.08	-0.23	-0.34	-0.02	0.01	0.31	-0.34	0.2	0.54	-0.17	1.0	-0.45	-0.11	-0.38	-0.35	-0.05	-0.15	-0.2	0.25	-0.6		-0.6	-0.55
Other Assets	0.56	0.29	0.27	0.56	0.3	0.02	0.16	0.21	0.21	0.4	0.39	0.11	0.46	-0.6	0.75	0.19	0.41	0.41	0.54	0.25	0.27	0.38	0.49	-0.6		0.67
Short Term Investments	0.84	0.63	0.68	0.63	0.78	0.44	0.47	0.56	0.18	0.85	0.48	0.01	0.25	-0.55	0.66	0.69	0.8	0.73	0.45	0.72	0.76	0.45	0.66	-0.55	0.67

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Spectra Systems Account Relationship Matchups

Spectra Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	31.3M	32.9M	33.2M	38.0M	60.1M	30.0M
Other Current Liab	1.9M	2.1M	2.7M	5.1M	6.9M	7.2M
Total Current Liabilities	2.6M	3.2M	3.7M	7.0M	13.3M	13.9M
Total Stockholder Equity	27.1M	27.5M	27.3M	27.7M	31.5M	23.4M
Property Plant And Equipment Net	2.8M	2.9M	2.4M	3.3M	17.4M	18.3M
Net Debt	(13.1M)	(12.8M)	(15.8M)	(16.2M)	(726.4K)	(762.7K)
Retained Earnings	(28.7M)	(27.7M)	(26.9M)	(25.7M)	(24.9M)	(26.1M)
Accounts Payable	357.4K	533.5K	489.5K	928.8K	2.8M	2.9M
Cash	14.3M	14.0M	16.8M	17.5M	13.3M	12.3M
Non Current Assets Total	12.0M	12.7M	11.3M	13.4M	34.0M	35.7M
Non Currrent Assets Other	138K	124K	111K	1.1M	1.1M	1.2M
Cash And Short Term Investments	14.3M	14.0M	16.8M	17.5M	13.3M	13.1M
Net Receivables	559.0	540.0	(286.0)	896.0	1.2M	1.3M
Common Stock Total Equity	454.3K	455.0K	459.0K	456K	410.4K	389.9K
Common Stock Shares Outstanding	48.6M	48.4M	47.7M	47.3M	48.8M	45.4M
Liabilities And Stockholders Equity	31.3M	32.9M	33.2M	38.0M	60.1M	30.0M
Non Current Liabilities Total	1.6M	1.5M	1.5M	2.7M	14.7M	15.5M
Inventory	3.1M	2.8M	1.9M	1.6M	6.5M	6.8M
Other Current Assets	2.0M	3.3M	3.2M	5.6M	6.4M	6.7M
Other Stockholder Equity	55.4M	54.8M	53.7M	53.0M	55.9M	50.5M
Total Liab	4.2M	4.7M	5.2M	9.7M	28.0M	29.4M
Property Plant And Equipment Gross	2.8M	2.9M	2.4M	3.3M	21.9M	23.0M
Total Current Assets	19.3M	20.2M	21.9M	24.7M	26.1M	18.9M
Intangible Assets	6.3M	7.2M	4.2M	4.1M	7.0M	4.5M
Common Stock	455K	459K	456K	450K	460.1K	437.1K
Other Assets	2.9M	2.6M	1.7M	3.0M	3.4M	2.1M
Other Liab	666.3K	551.9K	758K	1.7M	1.9M	2.0M
Net Tangible Assets	20.8M	20.3M	20.1M	20.7M	23.8M	20.8M
Property Plant Equipment	2.8M	2.9M	2.4M	3.3M	3.8M	2.8M
Capital Surpluse	55.2M	55.4M	55.5M	54.9M	49.4M	44.2M
Net Invested Capital	27.1M	27.5M	27.3M	27.7M	37.7M	31.1M
Net Working Capital	16.7M	17M	18.2M	17.6M	12.9M	17.5M
Capital Stock	459.0K	455.5K	453.0K	450K	460.1K	364.4K

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Spectra Non Current Liabilities Total vs Net Debt Analysis

Non Current Liabilities Total vs Net Debt

Non Current Liabilities Total vs Net Debt Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Net Debt

Spectra Systems fundamental ratios Correlations

Spectra Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Spectra Systems fundamental ratios Accounts

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Additional Tools for Spectra Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Property Plant And Equipment Gross	+ 0.99	Non Current Liabilities Total
Property Plant And Equipment Gross	+ 0.99	Total Liab

Cash	- 0.64	Net Debt
Cash And Short Term Investments	- 0.62	Net Debt
Other Assets	- 0.6	Common Stock
Common Stock	- 0.6	Intangible Assets
Other Assets	- 0.6	Common Stock Total Equity
Intangible Assets	- 0.6	Common Stock Total Equity