Sixth Depreciation vs Free Cash Flow Analysis

TSLX Stock

USD 21.14 0.04 0.19%

Sixth Street financial indicator trend analysis is much more than just breaking down Sixth Street Specialty prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sixth Street Specialty is a good investment. Please check the relationship between Sixth Street Depreciation and its Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sixth Street Specialty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sixth Street Specialty Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have no relationship.

The correlation between Sixth Street's Depreciation and Free Cash Flow is 0.02. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Sixth Street Specialty, assuming nothing else is changed. The correlation between historical values of Sixth Street's Depreciation and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Sixth Street Specialty are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Depreciation i.e., Sixth Street's Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.02

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Depreciation

Depreciation indicates how much of Sixth Street Specialty value has been used up. For tax purposes Sixth Street can deduct the cost of the tangible assets it purchases as business expenses. However, Sixth Street Specialty must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Sixth Street's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sixth Street Specialty 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 Sixth Street Specialty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At this time, Sixth Street's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to rise to about 3.8 B in 2024, whereas Tax Provision is likely to drop slightly above 3.2 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	224.0M	72.5M	438.1M	460.0M
Total Revenue	224.0M	136.5M	438.1M	460.0M

Gross Profit Total Revenue

Sixth Street fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Liab	Long Term Debt	Treasury Stock	Common Stock Total Equity	Net Tangible Assets
Total Assets		0.92	-0.62	0.69	0.98	0.53	0.65	0.36	-0.71	0.7	-0.86	0.65	0.3	0.77	0.97	-0.65	0.98	0.97	0.99	-0.65	0.93	0.92	0.9	-0.8	0.97	0.92
Short Long Term Debt Total	0.92		-0.75	0.53	0.86	0.55	0.47	0.1	-0.53	0.37	-0.97	0.47	0.64	0.73	0.87	-0.48	0.96	0.85	0.94	-0.47	0.8	0.85	0.84	-0.81	0.89	0.9
Other Current Liab	-0.62	-0.75		-0.7	-0.54	0.07	-0.22	0.09	0.28	-0.15	0.79	-0.22	-0.53	-0.89	-0.58	0.23	-0.63	-0.56	-0.66	0.22	-0.48	-0.54	-0.71	0.67	-0.64	-0.73
Total Current Liabilities	0.69	0.53	-0.7		0.71	-0.05	0.59	0.57	-0.65	0.61	-0.59	0.59	-0.01	0.87	0.66	-0.59	0.58	0.73	0.64	-0.59	0.7	0.61	0.73	-0.56	0.68	0.62
Total Stockholder Equity	0.98	0.86	-0.54	0.71		0.56	0.74	0.5	-0.79	0.72	-0.83	0.74	0.25	0.73	0.96	-0.74	0.93	0.99	0.93	-0.74	0.97	0.89	0.86	-0.73	0.94	0.85
Net Debt	0.53	0.55	0.07	-0.05	0.56		0.47	0.36	-0.51	0.17	-0.55	0.47	0.46	0.01	0.52	-0.47	0.6	0.52	0.48	-0.47	0.58	0.52	0.39	-0.39	0.45	0.33
Retained Earnings	0.65	0.47	-0.22	0.59	0.74	0.47		0.69	-0.74	0.56	-0.52	1.0	0.04	0.46	0.55	-1.0	0.56	0.75	0.55	-1.0	0.71	0.49	0.49	-0.32	0.5	0.37
Accounts Payable	0.36	0.1	0.09	0.57	0.5	0.36	0.69		-0.69	0.5	-0.19	0.69	-0.23	0.18	0.37	-0.69	0.23	0.5	0.23	-0.69	0.56	0.34	0.27	-0.12	0.3	0.08
Cash	-0.71	-0.53	0.28	-0.65	-0.79	-0.51	-0.74	-0.69		-0.63	0.58	-0.74	-0.03	-0.52	-0.7	0.74	-0.63	-0.79	-0.62	0.74	-0.9	-0.61	-0.63	0.42	-0.64	-0.46
Non Current Assets Total	0.7	0.37	-0.15	0.61	0.72	0.17	0.56	0.5	-0.63		-0.27	0.56	-0.47	0.51	0.68	-0.56	0.59	0.71	0.66	-0.56	0.7	0.64	0.63	-0.44	0.67	0.59
Non Currrent Assets Other	-0.86	-0.97	0.79	-0.59	-0.83	-0.55	-0.52	-0.19	0.58	-0.27		-0.52	-0.69	-0.77	-0.84	0.52	-0.91	-0.83	-0.86	0.52	-0.79	-0.79	-0.84	0.8	-0.84	-0.83
Other Assets	0.65	0.47	-0.22	0.59	0.74	0.47	1.0	0.69	-0.74	0.56	-0.52		0.04	0.46	0.55	-1.0	0.56	0.75	0.55	-1.0	0.71	0.49	0.49	-0.32	0.5	0.37
Cash And Short Term Investments	0.3	0.64	-0.53	-0.01	0.25	0.46	0.04	-0.23	-0.03	-0.47	-0.69	0.04		0.23	0.28	-0.05	0.43	0.25	0.33	-0.04	0.22	0.28	0.24	-0.38	0.3	0.34
Net Receivables	0.77	0.73	-0.89	0.87	0.73	0.01	0.46	0.18	-0.52	0.51	-0.77	0.46	0.23		0.74	-0.46	0.74	0.74	0.77	-0.46	0.68	0.67	0.85	-0.68	0.77	0.78
Common Stock Shares Outstanding	0.97	0.87	-0.58	0.66	0.96	0.52	0.55	0.37	-0.7	0.68	-0.84	0.55	0.28	0.74		-0.56	0.93	0.96	0.94	-0.55	0.93	0.89	0.88	-0.79	0.99	0.91
Short Term Investments	-0.65	-0.48	0.23	-0.59	-0.74	-0.47	-1.0	-0.69	0.74	-0.56	0.52	-1.0	-0.05	-0.46	-0.56		-0.57	-0.75	-0.55	1.0	-0.72	-0.5	-0.49	0.33	-0.51	-0.37
Non Current Liabilities Total	0.98	0.96	-0.63	0.58	0.93	0.6	0.56	0.23	-0.63	0.59	-0.91	0.56	0.43	0.74	0.93	-0.57		0.91	0.99	-0.56	0.87	0.91	0.91	-0.84	0.94	0.92
Other Stockholder Equity	0.97	0.85	-0.56	0.73	0.99	0.52	0.75	0.5	-0.79	0.71	-0.83	0.75	0.25	0.74	0.96	-0.75	0.91		0.92	-0.75	0.96	0.85	0.84	-0.74	0.94	0.84
Total Liab	0.99	0.94	-0.66	0.64	0.93	0.48	0.55	0.23	-0.62	0.66	-0.86	0.55	0.33	0.77	0.94	-0.55	0.99	0.92		-0.55	0.87	0.92	0.91	-0.82	0.96	0.95
Total Current Assets	-0.65	-0.47	0.22	-0.59	-0.74	-0.47	-1.0	-0.69	0.74	-0.56	0.52	-1.0	-0.04	-0.46	-0.55	1.0	-0.56	-0.75	-0.55		-0.71	-0.49	-0.49	0.32	-0.5	-0.37
Common Stock	0.93	0.8	-0.48	0.7	0.97	0.58	0.71	0.56	-0.9	0.7	-0.79	0.71	0.22	0.68	0.93	-0.72	0.87	0.96	0.87	-0.71		0.84	0.81	-0.65	0.9	0.77
Other Liab	0.92	0.85	-0.54	0.61	0.89	0.52	0.49	0.34	-0.61	0.64	-0.79	0.49	0.28	0.67	0.89	-0.5	0.91	0.85	0.92	-0.49	0.84		0.85	-0.76	0.9	0.9
Long Term Debt	0.9	0.84	-0.71	0.73	0.86	0.39	0.49	0.27	-0.63	0.63	-0.84	0.49	0.24	0.85	0.88	-0.49	0.91	0.84	0.91	-0.49	0.81	0.85		-0.91	0.89	0.89
Treasury Stock	-0.8	-0.81	0.67	-0.56	-0.73	-0.39	-0.32	-0.12	0.42	-0.44	0.8	-0.32	-0.38	-0.68	-0.79	0.33	-0.84	-0.74	-0.82	0.32	-0.65	-0.76	-0.91		-0.82	-0.87
Common Stock Total Equity	0.97	0.89	-0.64	0.68	0.94	0.45	0.5	0.3	-0.64	0.67	-0.84	0.5	0.3	0.77	0.99	-0.51	0.94	0.94	0.96	-0.5	0.9	0.9	0.89	-0.82		0.95
Net Tangible Assets	0.92	0.9	-0.73	0.62	0.85	0.33	0.37	0.08	-0.46	0.59	-0.83	0.37	0.34	0.78	0.91	-0.37	0.92	0.84	0.95	-0.37	0.77	0.9	0.89	-0.87	0.95

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Sixth Street Account Relationship Matchups

Sixth Street fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	2.3B	2.6B	2.8B	3.3B	2.0B
Short Long Term Debt Total	1.1B	1.1B	1.2B	2.3B	1.8B	976.7M
Other Current Liab	(25.9M)	(27.7M)	(30.9M)	(825.3M)	(837.8M)	(795.9M)
Total Current Liabilities	25.9M	27.7M	30.9M	30.8M	62.9M	66.0M
Total Stockholder Equity	1.1B	1.2B	1.3B	1.3B	1.5B	1.0B
Net Debt	1.1B	1.1B	1.2B	1.4B	(1.2M)	(1.2M)
Retained Earnings	110.7M	139.3M	90.1M	56.5M	100.8M	105.8M
Accounts Payable	25.9M	27.7M	30.9M	13.8M	15.9M	25.4M
Cash	14.1M	2.5M	1.6M	10.2M	1.2M	1.2M
Non Current Assets Total	2.2B	2.3B	2.5B	70.8M	3.3B	1.7B
Non Currrent Assets Other	(2.3B)	(2.3B)	(2.6B)	(5.6B)	(3.3B)	(3.1B)
Other Assets	7.8M	28.7M	17.9M	4.5M	(24.0M)	(25.2M)
Cash And Short Term Investments	14.1M	2.5M	1.6M	2.7B	25.2M	23.9M
Net Receivables	13.1M	8.6M	10.8M	18.8M	28.0M	29.4M
Common Stock Shares Outstanding	66.1M	67.2M	77.7M	78.2M	85.1M	64.9M
Short Term Investments	1.7T	(7.3M)	2.5B	2.7B	24.0M	22.8M
Liabilities And Stockholders Equity	2.3B	2.3B	2.6B	2.8B	3.3B	2.0B
Non Current Liabilities Total	1.1B	1.1B	1.2B	1.5B	1.4B	870.7M
Other Stockholder Equity	897.2M	1.0B	1.2B	1.2B	1.4B	951.4M
Total Liab	1.2B	1.2B	1.3B	1.5B	1.8B	951.1M
Total Current Assets	27.2M	11.0M	12.3M	2.8B	84.7M	80.5M
Common Stock	666K	680K	761K	821K	885K	603.0K
Other Liab	23.9M	19.4M	21.9M	22.8M	26.2M	14.8M
Long Term Debt	703.4M	608.0M	1.1B	1.4B	1.7B	1.7B
Common Stock Total Equity	655K	666K	680K	821K	944.2K	672.6K
Net Tangible Assets	1.1B	1.2B	1.3B	1.3B	1.5B	1.2B
Other Current Assets	(27.2M)	17.9M	3.5M	(44.5M)	31.6M	33.1M
Long Term Investments	2.2B	2.3B	2.5B	2.8B	3.3B	2.3B
Short Term Debt	1.1B	1.1B	99.7M	856.1M	1.2B	759.8M
Long Term Debt Total	703.4M	608.0M	1.1B	1.4B	1.7B	948.0M
Capital Surpluse	906.5M	991.9M	1.0B	1.3B	1.5B	1.1B
Net Invested Capital	2.2B	2.3B	2.5B	2.8B	3.3B	2.6B
Capital Stock	666K	680K	761K	821K	885K	819.1K

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Sixth Depreciation vs Free Cash Flow Analysis

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Depreciation

Free Cash Flow

Sixth Street fundamental ratios Correlations

Sixth Street Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sixth Street fundamental ratios Accounts

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Additional Tools for Sixth Stock Analysis

COMMON DESTINATIONS

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COMPANY

Other Assets	+ 1.0	Retained Earnings
Total Current Assets	+ 1.0	Short Term Investments
Total Liab	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Stockholder Equity
Common Stock Total Equity	+ 0.99	Common Stock Shares Outstanding
Total Liab	+ 0.99	Non Current Liabilities Total

Total Current Assets	- 1.0	Other Assets
Short Term Investments	- 1.0	Other Assets
Total Current Assets	- 1.0	Retained Earnings
Short Term Investments	- 1.0	Retained Earnings
Non Currrent Assets Other	- 0.97	Short Long Term Debt Total
Treasury Stock	- 0.91	Long Term Debt