Superior Net Debt vs Other Liab Analysis

SUP Stock  USD 2.20  0.03  1.38%   
Superior Industries financial indicator trend analysis is much more than just breaking down Superior Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Superior Industries is a good investment. Please check the relationship between Superior Industries Net Debt and its Other Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Superior Industries International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Net Debt vs Other Liab

JavaScript chart by amCharts 3.21.15201420162018202020222024-200M-150M-100M-50M050M100M150M200M250M300M350M400M450M500M550M600M 05M10M15M20M25M30M35M40M45M50M55M60M65M70M75M80M85M
JavaScript chart by amCharts 3.21.15Net Debttotal: 3.7BOther Liabtotal: 708.1M

Net Debt vs Other Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Superior Industries Net Debt account and Other Liab. At this time, the significance of the direction appears to have weak relationship.
Net DebtOther LiabDiversified AwayNet DebtOther LiabDiversified Away100%
The correlation between Superior Industries' Net Debt and Other Liab is 0.34. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Liab in the same time period over historical financial statements of Superior Industries International, assuming nothing else is changed. The correlation between historical values of Superior Industries' Net Debt and Other 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 Net Debt of Superior Industries International are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Net Debt i.e., Superior Industries' Net Debt and Other Liab go up and down completely randomly.

Correlation Coefficient

0.34
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Other Liab

Most indicators from Superior Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Superior Industries 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 Superior Industries International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
As of 12/14/2024, Enterprise Value is likely to grow to about 951.1 M, while Selling General Administrative is likely to drop slightly above 37.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit114.8M166.4M97.7M93.7M
Total Revenue1.4B1.6B1.4B782.1M

Superior Industries fundamental ratios Correlations

0.480.710.85-0.040.950.83-0.10.00.97-0.6-0.010.34-0.410.880.950.53-0.760.880.530.69-0.130.780.660.690.6
0.480.420.420.230.530.290.110.070.44-0.160.060.33-0.420.340.460.34-0.220.360.330.420.170.240.720.680.32
0.710.420.550.160.640.50.00.160.66-0.430.160.34-0.170.560.580.46-0.310.560.390.6-0.60.420.470.50.43
0.850.420.55-0.420.930.83-0.490.20.79-0.250.18-0.05-0.270.870.950.6-0.670.890.770.70.020.960.730.760.32
-0.040.230.16-0.42-0.24-0.50.89-0.07-0.09-0.29-0.050.780.05-0.45-0.24-0.330.41-0.46-0.490.14-0.11-0.60.00.040.26
0.950.530.640.93-0.240.88-0.26-0.040.94-0.43-0.050.16-0.420.910.970.55-0.790.910.630.61-0.030.870.730.750.47
0.830.290.50.83-0.50.88-0.54-0.090.87-0.47-0.11-0.01-0.520.970.860.7-0.810.970.720.37-0.040.870.520.460.34
-0.10.110.0-0.490.89-0.26-0.54-0.33-0.09-0.26-0.310.640.13-0.49-0.3-0.650.23-0.52-0.77-0.1-0.08-0.62-0.2-0.120.22
0.00.070.160.2-0.07-0.04-0.09-0.33-0.210.391.0-0.1-0.030.060.050.420.220.10.420.64-0.10.130.340.260.1
0.970.440.660.79-0.090.940.87-0.09-0.21-0.66-0.220.3-0.440.890.910.46-0.830.880.450.5-0.110.750.560.570.56
-0.6-0.16-0.43-0.25-0.29-0.43-0.47-0.260.39-0.660.39-0.550.22-0.44-0.44-0.160.42-0.41-0.03-0.180.19-0.23-0.06-0.07-0.46
-0.010.060.160.18-0.05-0.05-0.11-0.311.0-0.220.39-0.09-0.030.040.040.410.230.080.40.63-0.110.110.330.250.1
0.340.330.34-0.050.780.16-0.010.64-0.10.3-0.55-0.09-0.410.030.140.010.070.02-0.120.32-0.09-0.220.320.240.38
-0.41-0.42-0.17-0.270.05-0.42-0.520.13-0.03-0.440.22-0.03-0.41-0.55-0.34-0.510.46-0.54-0.38-0.13-0.19-0.2-0.52-0.21-0.33
0.880.340.560.87-0.450.910.97-0.490.060.89-0.440.040.03-0.550.90.7-0.851.00.710.51-0.090.880.590.520.45
0.950.460.580.95-0.240.970.86-0.30.050.91-0.440.040.14-0.340.90.58-0.740.910.680.690.00.910.730.760.43
0.530.340.460.6-0.330.550.7-0.650.420.46-0.160.410.01-0.510.70.58-0.310.720.910.52-0.040.570.650.520.31
-0.76-0.22-0.31-0.670.41-0.79-0.810.230.22-0.830.420.230.070.46-0.85-0.74-0.31-0.82-0.29-0.23-0.07-0.71-0.33-0.31-0.54
0.880.360.560.89-0.460.910.97-0.520.10.88-0.410.080.02-0.541.00.910.72-0.820.740.54-0.070.90.620.550.43
0.530.330.390.77-0.490.630.72-0.770.420.45-0.030.4-0.12-0.380.710.680.91-0.290.740.560.070.750.710.610.06
0.690.420.60.70.140.610.37-0.10.640.5-0.180.630.32-0.130.510.690.52-0.230.540.56-0.140.560.740.780.45
-0.130.17-0.60.02-0.11-0.03-0.04-0.08-0.1-0.110.19-0.11-0.09-0.19-0.090.0-0.04-0.07-0.070.07-0.140.010.210.190.0
0.780.240.420.96-0.60.870.87-0.620.130.75-0.230.11-0.22-0.20.880.910.57-0.710.90.750.560.010.560.590.21
0.660.720.470.730.00.730.52-0.20.340.56-0.060.330.32-0.520.590.730.65-0.330.620.710.740.210.560.930.4
0.690.680.50.760.040.750.46-0.120.260.57-0.070.250.24-0.210.520.760.52-0.310.550.610.780.190.590.930.41
0.60.320.430.320.260.470.340.220.10.56-0.460.10.38-0.330.450.430.31-0.540.430.060.450.00.210.40.41
Click cells to compare fundamentals

Superior Industries Account Relationship Matchups

Superior Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.3B1.1B1.1B1.1B1.0B656.8M
Short Long Term Debt Total619.0M634.5M610.8M624.2M625.9M594.6M
Other Current Liab58.1M45.5M48.3M50.4M60.9M42.9M
Total Current Liabilities191.1M231.1M231.9M251.3M198.9M109.6M
Total Stockholder Equity251.7M(21.5M)129.5M197.5M162.3M154.2M
Property Plant And Equipment Net529.3M522.1M494.4M474M408.6M259.1M
Net Debt537.1M482.0M497.3M411.1M424.3M445.6M
Retained Earnings258.4M(17.3M)(47.7M)(47.1M)(179.0M)(170.0M)
Cash77.9M152.4M113.5M213.0M201.6M211.7M
Non Current Assets Total957.7M725.7M649.9M624.9M570.6M353.8M
Non Currrent Assets Other67.9M61.9M50.9M(51.6M)35.6M37.4M
Cash And Short Term Investments77.9M152.4M113.5M213.0M201.6M211.7M
Net Receivables81.4M54.0M88.4M75.0M58.0M98.3M
Common Stock Shares Outstanding25.1M25.5M26.0M27.6M27.9M21.7M
Liabilities And Stockholders Equity1.3B1.1B1.1B1.1B1.0B656.8M
Non Current Liabilities Total869.1M899.7M691.6M683.8M668.5M701.9M
Inventory168.5M155.0M172.1M178.7M144.6M84.3M
Other Current Assets26.4M22.3M30.3M42.2M55.8M58.6M
Other Stockholder Equity(161.0M)(179.4M)21K(3K)(1.0)(0.95)
Total Liab1.1B1.1B923.5M935.1M867.4M910.8M
Property Plant And Equipment Gross529.3M522.1M1.1B1.1B1.1B1.1B
Total Current Assets354.2M383.6M404.3M508.9M459.9M303.0M
Accumulated Other Comprehensive Income(100.1M)(99.4M)(126.0M)(89.3M)(22.3M)(23.4M)
Short Term Debt4.0M9.0M8.5M8.0M8.3M8.1M
Accounts Payable123.1M151.8M153.2M158.0M124.9M65.1M
Common Stock Total Equity93.3M95.2M103.2M111.1M100.0M95.0M
Common Stock93.3M95.2M103.2M111.1M115.3M64.4M
Other Liab73.7M77.5M(100K)61.2M70.4M52.9M
Other Assets88.6M91.3M79.2M(100K)(115K)(109.3K)
Property Plant Equipment529.3M522.1M494.4M474.0M545.1M335.1M
Net Tangible Assets97.3M48.7M(225.9M)147.0M132.3M188.7M
Long Term Debt614.9M625.5M602.4M616.1M610.6M373.9M
Retained Earnings Total Equity258.4M(17.3M)(47.7M)(47.1M)(42.4M)(40.3M)
Deferred Long Term Liab12.4M9.1M3.9M3.5M3.1M3.0M
Non Current Liabilities Other74.2M84.1M85.4M64.3M47.8M66.1M
Intangible Assets428.4M203.6M76.9M51.5M33.2M31.6M

Pair Trading with Superior Industries

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 Superior Industries 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 Superior Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Superior Stock

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Moving against Superior Stock

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The ability to find closely correlated positions to Superior Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Superior Industries 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 Superior Industries - 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 Superior Industries International to buy it.
The correlation of Superior Industries 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 Superior Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Superior Industries 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 Superior Industries 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 CorrelationCorrelation Matching

Additional Tools for Superior Stock Analysis

When running Superior Industries' price analysis, check to measure Superior Industries' 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 Superior Industries is operating at the current time. Most of Superior Industries' value examination focuses on studying past and present price action to predict the probability of Superior Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Superior Industries' price. Additionally, you may evaluate how the addition of Superior Industries to your portfolios can decrease your overall portfolio volatility.