SXTPW Common Stock Shares Outstanding vs Total Stockholder Equity Analysis

SXTPW Stock

0.04 0.01 30.43%

60 Degrees financial indicator trend analysis is way more than just evaluating 60 Degrees Pharmaceu prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 60 Degrees Pharmaceu is a good investment. Please check the relationship between 60 Degrees Common Stock Shares Outstanding and its Total Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 60 Degrees Pharmaceuticals,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Common Stock Shares Outstanding vs Total Stockholder Equity

Common Stock Shares Outstanding vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 60 Degrees Pharmaceu Common Stock Shares Outstanding account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.

The correlation between 60 Degrees' Common Stock Shares Outstanding and Total Stockholder Equity is 0.89. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of 60 Degrees Pharmaceuticals,, assuming nothing else is changed. The correlation between historical values of 60 Degrees' Common Stock Shares Outstanding and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of 60 Degrees Pharmaceuticals, are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Common Stock Shares Outstanding i.e., 60 Degrees' Common Stock Shares Outstanding and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

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Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

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.

Most indicators from 60 Degrees' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 60 Degrees Pharmaceu 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 60 Degrees Pharmaceuticals,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Tax Provision is likely to drop to 237.50 in 2024. Selling General Administrative is likely to drop to about 2.2 M in 2024

	2021	2022	2023	2024 (projected)
Total Operating Expenses	2.3M	2.0M	5.4M	3.4M
Cost Of Revenue	850.7K	432.4K	474.6K	492.1K

Total Operating Expenses Cost Of Revenue

60 Degrees 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	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Short Long Term Debt
Total Assets		0.81	-0.17	0.99	-0.19	0.62	-0.75	-0.53	0.97	0.82	-0.71	-0.35	0.9	-0.7	-0.56	0.98	-0.98	-0.92	0.65	1.0	0.89	0.44	0.69	-0.98
Other Current Liab	0.81		0.42	0.8	-0.52	0.91	-0.98	-0.81	0.91	0.82	-0.98	-0.76	0.82	-0.98	-0.9	0.89	-0.8	-0.76	0.75	0.8	0.81	-0.15	0.93	-0.9
Total Current Liabilities	-0.17	0.42		-0.21	-0.76	0.5	-0.43	-0.37	0.01	0.06	-0.57	-0.58	-0.02	-0.57	-0.53	-0.04	0.21	0.03	0.07	-0.18	-0.12	-0.96	0.45	0.02
Total Stockholder Equity	0.99	0.8	-0.21		-0.07	0.65	-0.76	-0.61	0.98	0.85	-0.68	-0.42	0.89	-0.68	-0.61	0.99	-1.0	-0.85	0.75	0.98	0.94	0.47	0.72	-0.98
Property Plant And Equipment Net	-0.19	-0.52	-0.76	-0.07		-0.35	0.42	0.09	-0.25	-0.08	0.68	0.22	-0.27	0.6	0.32	-0.21	0.04	0.46	0.14	-0.19	0.05	0.64	-0.37	0.21
Net Debt	0.62	0.91	0.5	0.65	-0.35		-0.93	-0.91	0.76	0.88	-0.89	-0.88	0.56	-0.93	-0.96	0.74	-0.66	-0.53	0.84	0.6	0.75	-0.28	0.99	-0.77
Retained Earnings	-0.75	-0.98	-0.43	-0.76	0.42	-0.93		0.9	-0.87	-0.81	0.94	0.86	-0.81	0.97	0.96	-0.85	0.77	0.63	-0.84	-0.73	-0.84	0.19	-0.94	0.87
Accounts Payable	-0.53	-0.81	-0.37	-0.61	0.09	-0.91	0.9		-0.69	-0.76	0.74	0.97	-0.6	0.81	0.97	-0.68	0.63	0.3	-0.95	-0.51	-0.81	0.19	-0.88	0.7
Cash	0.97	0.91	0.01	0.98	-0.25	0.76	-0.87	-0.69		0.87	-0.82	-0.55	0.91	-0.82	-0.73	1.0	-0.97	-0.87	0.77	0.97	0.93	0.27	0.82	-1.0
Non Current Assets Total	0.82	0.82	0.06	0.85	-0.08	0.88	-0.81	-0.76	0.87		-0.74	-0.62	0.61	-0.76	-0.77	0.87	-0.86	-0.7	0.84	0.81	0.86	0.18	0.91	-0.89
Long Term Debt	-0.71	-0.98	-0.57	-0.68	0.68	-0.89	0.94	0.74	-0.82	-0.74		0.73	-0.72	0.99	0.87	-0.79	0.67	0.73	-0.62	-0.7	-0.67	0.32	-0.91	0.8
Net Receivables	-0.35	-0.76	-0.58	-0.42	0.22	-0.88	0.86	0.97	-0.55	-0.62	0.73		-0.49	0.81	0.97	-0.52	0.45	0.16	-0.84	-0.33	-0.65	0.43	-0.83	0.55
Common Stock Shares Outstanding	0.9	0.82	-0.02	0.89	-0.27	0.56	-0.81	-0.6	0.91	0.61	-0.72	-0.49		-0.73	-0.63	0.91	-0.89	-0.76	0.65	0.89	0.86	0.27	0.62	-0.9
Non Current Liabilities Total	-0.7	-0.98	-0.57	-0.68	0.6	-0.93	0.97	0.81	-0.82	-0.76	0.99	0.81	-0.73		0.92	-0.79	0.68	0.67	-0.7	-0.68	-0.71	0.32	-0.94	0.81
Inventory	-0.56	-0.9	-0.53	-0.61	0.32	-0.96	0.96	0.97	-0.73	-0.77	0.87	0.97	-0.63	0.92		-0.7	0.62	0.41	-0.87	-0.54	-0.76	0.33	-0.94	0.73
Other Current Assets	0.98	0.89	-0.04	0.99	-0.21	0.74	-0.85	-0.68	1.0	0.87	-0.79	-0.52	0.91	-0.79	-0.7		-0.98	-0.87	0.77	0.98	0.94	0.32	0.8	-1.0
Total Liab	-0.98	-0.8	0.21	-1.0	0.04	-0.66	0.77	0.63	-0.97	-0.86	0.67	0.45	-0.89	0.68	0.62	-0.98		0.83	-0.78	-0.98	-0.96	-0.47	-0.72	0.98
Net Invested Capital	-0.92	-0.76	0.03	-0.85	0.46	-0.53	0.63	0.3	-0.87	-0.7	0.73	0.16	-0.76	0.67	0.41	-0.87	0.83		-0.37	-0.93	-0.65	-0.3	-0.61	0.86
Property Plant And Equipment Gross	0.65	0.75	0.07	0.75	0.14	0.84	-0.84	-0.95	0.77	0.84	-0.62	-0.84	0.65	-0.7	-0.87	0.77	-0.78	-0.37		0.64	0.92	0.12	0.83	-0.79
Total Current Assets	1.0	0.8	-0.18	0.98	-0.19	0.6	-0.73	-0.51	0.97	0.81	-0.7	-0.33	0.89	-0.68	-0.54	0.98	-0.98	-0.93	0.64		0.88	0.45	0.68	-0.97
Capital Stock	0.89	0.81	-0.12	0.94	0.05	0.75	-0.84	-0.81	0.93	0.86	-0.67	-0.65	0.86	-0.71	-0.76	0.94	-0.96	-0.65	0.92	0.88		0.36	0.78	-0.94
Net Working Capital	0.44	-0.15	-0.96	0.47	0.64	-0.28	0.19	0.19	0.27	0.18	0.32	0.43	0.27	0.32	0.33	0.32	-0.47	-0.3	0.12	0.45	0.36		-0.21	-0.3
Intangible Assets	0.69	0.93	0.45	0.72	-0.37	0.99	-0.94	-0.88	0.82	0.91	-0.91	-0.83	0.62	-0.94	-0.94	0.8	-0.72	-0.61	0.83	0.68	0.78	-0.21		-0.82
Short Long Term Debt	-0.98	-0.9	0.02	-0.98	0.21	-0.77	0.87	0.7	-1.0	-0.89	0.8	0.55	-0.9	0.81	0.73	-1.0	0.98	0.86	-0.79	-0.97	-0.94	-0.3	-0.82

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SXTPW Common Stock Shares Outstanding vs Total Stockholder Equity Analysis

Common Stock Shares Outstanding vs Total Stockholder Equity

Common Stock Shares Outstanding vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Common Stock Shares Outstanding

Total Stockholder Equity

60 Degrees fundamental ratios Correlations

60 Degrees Account Relationship Matchups

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Total Current Assets	+ 1.0	Total Assets
Other Current Assets	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Other Current Assets	+ 0.99	Total Stockholder Equity
Intangible Assets	+ 0.99	Net Debt
Non Current Liabilities Total	+ 0.99	Long Term Debt

Short Long Term Debt	- 1.0	Other Current Assets
Short Long Term Debt	- 1.0	Cash
Total Liab	- 1.0	Total Stockholder Equity
Total Current Assets	- 0.98	Total Liab
Total Liab	- 0.98	Other Current Assets
Short Long Term Debt	- 0.98	Total Stockholder Equity