Summit Midstream Stock Current Asset
| SMC Stock | 36.48 0.14 0.39% |
Summit Midstream fundamentals help investors to digest information that contributes to Summit Midstream's financial success or failures. It also enables traders to predict the movement of Summit Stock. The fundamental analysis module provides a way to measure Summit Midstream's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Summit Midstream stock.
The current year's Other Current Assets is expected to grow to about 11.6 M, whereas Non Current Assets Total are forecasted to decline to about 1.9 B. Summit | Current Asset |
Summit Midstream Company Current Asset Analysis
Summit Midstream's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Summit Current Asset Historical Pattern
Today, most investors in Summit Midstream Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Summit Midstream's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Summit Midstream current asset as a starting point in their analysis.
Summit Midstream Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Summit Total Assets
Total Assets |
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In accordance with the recently published financial statements, Summit Midstream has a Current Asset of 0.0. This is 100.0% lower than that of the Oil, Gas & Consumable Fuels sector and 100.0% lower than that of the Energy industry. The current asset for all United States stocks is 100.0% higher than that of the company.
Summit Current Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Summit Midstream's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Summit Midstream could also be used in its relative valuation, which is a method of valuing Summit Midstream by comparing valuation metrics of similar companies.Summit Midstream is currently under evaluation in current asset category among its peers.
Summit Midstream ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Summit Midstream's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Summit Midstream's managers, analysts, and investors.Environmental | Governance | Social |
Summit Fundamentals
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0226 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.10 % | ||||
| Current Valuation | 1.14 B | ||||
| Shares Outstanding | 10.65 M | ||||
| Shares Owned By Insiders | 13.33 % | ||||
| Shares Owned By Institutions | 33.71 % | ||||
| Number Of Shares Shorted | 56.05 K | ||||
| Price To Book | 0.45 X | ||||
| Price To Sales | 0.78 X | ||||
| Revenue | 458.9 M | ||||
| EBITDA | 193.32 M | ||||
| Net Income | (38.95 M) | ||||
| Total Debt | 1.47 B | ||||
| Book Value Per Share | 67.58 X | ||||
| Cash Flow From Operations | 126.91 M | ||||
| Short Ratio | 1.56 X | ||||
| Earnings Per Share | 6.19 X | ||||
| Number Of Employees | 244 | ||||
| Beta | 2.38 | ||||
| Market Capitalization | 368.34 M | ||||
| Total Asset | 2.49 B | ||||
| Working Capital | (35.59 M) | ||||
| Net Asset | 2.49 B |
About Summit Midstream Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Summit Midstream's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Summit Midstream using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Summit Midstream based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Summit Midstream offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit Midstream's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit Midstream Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit Midstream Stock:Check out Summit Midstream Piotroski F Score and Summit Midstream Altman Z Score analysis. For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Midstream. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 6.19 | Revenue Per Share 44.885 | Quarterly Revenue Growth 0.035 | Return On Assets 0.0226 | Return On Equity 0.1084 |
The market value of Summit Midstream is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Midstream's value that differs from its market value or its book value, called intrinsic value, which is Summit Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Midstream's market value can be influenced by many factors that don't directly affect Summit Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.