0KZA Cash And Short Term Investments vs Other Current Assets Analysis

0KZA Stock

43.87 0.62 1.39%

SM Energy financial indicator trend analysis is much more than just breaking down SM Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SM Energy is a good investment. Please check the relationship between SM Energy Cash And Short Term Investments and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in SM Energy Co. 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.

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SM Energy Cash And Short Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between SM Energy's Cash And Short Term Investments and Other Current Assets is -0.32. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of SM Energy Co, assuming nothing else is changed. The correlation between historical values of SM Energy's Cash And Short Term Investments and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of SM Energy Co are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., SM Energy's Cash And Short Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of SM Energy balance sheet. This account contains SM Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by SM Energy Co fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from SM Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SM Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in SM Energy Co. 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.

Selling General Administrative is likely to drop to about 96.3 M in 2025. Tax Provision is likely to drop to about (231.9 M) in 2025

	2022	2023	2024	2025 (projected)
Total Revenue	3.3B	2.4B	2.7B	2.9B
Depreciation And Amortization	611.2M	690.5M	794.1M	833.8M

Total Revenue Depreciation And Amortization

SM Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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 Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Inventory	Short Term Investments	Good Will	Intangible Assets
Total Assets		0.62	0.33	0.66	0.89	0.99	0.5	0.63	0.76	0.48	0.99	-0.18	0.48	0.42	0.6	0.64	0.24	0.63	0.67	0.66	0.35	0.72	0.31	0.88	-0.43	0.75
Short Long Term Debt Total	0.62		0.38	0.23	0.28	0.69	0.96	-0.06	0.12	-0.25	0.7	-0.32	-0.25	0.21	0.48	0.94	0.32	0.43	0.92	-0.06	0.19	0.63	0.39	0.52	0.29	0.32
Other Current Liab	0.33	0.38		0.73	0.03	0.29	0.34	0.12	0.07	-0.06	0.32	-0.06	-0.06	0.81	0.16	0.52	0.42	-0.09	0.63	0.25	-0.62	0.23	0.26	0.52	0.2	0.31
Total Current Liabilities	0.66	0.23	0.73		0.59	0.61	0.09	0.44	0.55	0.55	0.6	0.07	0.55	0.75	0.54	0.28	0.1	0.41	0.42	0.71	-0.1	0.55	0.05	0.75	-0.35	0.63
Total Stockholder Equity	0.89	0.28	0.03	0.59		0.86	0.12	0.7	0.86	0.74	0.84	-0.02	0.74	0.27	0.65	0.25	-0.04	0.73	0.3	0.77	0.55	0.7	0.07	0.71	-0.63	0.74
Property Plant And Equipment Net	0.99	0.69	0.29	0.61	0.86		0.58	0.54	0.71	0.39	1.0	-0.2	0.39	0.35	0.63	0.68	0.21	0.68	0.7	0.56	0.4	0.76	0.3	0.85	-0.38	0.71
Net Debt	0.5	0.96	0.34	0.09	0.12	0.58		-0.15	-0.02	-0.45	0.6	-0.37	-0.45	0.08	0.27	0.9	0.39	0.31	0.85	-0.24	0.09	0.44	0.44	0.42	0.31	0.15
Retained Earnings	0.63	-0.06	0.12	0.44	0.7	0.54	-0.15		0.79	0.59	0.54	-0.21	0.59	0.41	0.1	0.15	0.4	0.02	0.18	0.84	0.02	0.11	0.38	0.56	-0.6	0.63
Accounts Payable	0.76	0.12	0.07	0.55	0.86	0.71	-0.02	0.79		0.73	0.69	0.05	0.73	0.27	0.4	0.17	0.07	0.44	0.2	0.8	0.36	0.41	0.13	0.63	-0.71	0.72
Cash	0.48	-0.25	-0.06	0.55	0.74	0.39	-0.45	0.59	0.73		0.36	0.28	1.0	0.25	0.46	-0.26	-0.32	0.47	-0.17	0.87	0.44	0.39	-0.26	0.39	-0.68	0.56
Non Current Assets Total	0.99	0.7	0.32	0.6	0.84	1.0	0.6	0.54	0.69	0.36		-0.19	0.36	0.37	0.6	0.7	0.23	0.65	0.72	0.55	0.36	0.74	0.32	0.86	-0.36	0.71
Non Currrent Assets Other	-0.18	-0.32	-0.06	0.07	-0.02	-0.2	-0.37	-0.21	0.05	0.28	-0.19		0.28	0.07	0.07	-0.39	-0.82	0.18	-0.35	-0.07	0.05	0.1	-0.91	0.01	-0.15	0.08
Cash And Short Term Investments	0.48	-0.25	-0.06	0.55	0.74	0.39	-0.45	0.59	0.73	1.0	0.36	0.28		0.25	0.46	-0.26	-0.32	0.47	-0.17	0.87	0.44	0.39	-0.26	0.39	-0.68	0.56
Net Receivables	0.42	0.21	0.81	0.75	0.27	0.35	0.08	0.41	0.27	0.25	0.37	0.07	0.25		0.36	0.39	0.23	-0.02	0.53	0.5	-0.48	0.37	0.07	0.63	0.09	0.56
Common Stock Shares Outstanding	0.6	0.48	0.16	0.54	0.65	0.63	0.27	0.1	0.4	0.46	0.6	0.07	0.46	0.36		0.33	-0.26	0.82	0.43	0.38	0.52	0.95	-0.16	0.54	-0.04	0.6
Non Current Liabilities Total	0.64	0.94	0.52	0.28	0.25	0.68	0.9	0.15	0.17	-0.26	0.7	-0.39	-0.26	0.39	0.33		0.53	0.2	0.98	0.05	-0.04	0.5	0.54	0.61	0.28	0.4
Other Current Assets	0.24	0.32	0.42	0.1	-0.04	0.21	0.39	0.4	0.07	-0.32	0.23	-0.82	-0.32	0.23	-0.26	0.53		-0.44	0.51	0.17	-0.44	-0.23	0.96	0.19	0.13	0.06
Other Stockholder Equity	0.63	0.43	-0.09	0.41	0.73	0.68	0.31	0.02	0.44	0.47	0.65	0.18	0.47	-0.02	0.82	0.2	-0.44		0.24	0.28	0.76	0.86	-0.27	0.45	-0.32	0.43
Total Liab	0.67	0.92	0.63	0.42	0.3	0.7	0.85	0.18	0.2	-0.17	0.72	-0.35	-0.17	0.53	0.43	0.98	0.51	0.24		0.14	-0.09	0.57	0.5	0.67	0.28	0.47
Total Current Assets	0.66	-0.06	0.25	0.71	0.77	0.56	-0.24	0.84	0.8	0.87	0.55	-0.07	0.87	0.5	0.38	0.05	0.17	0.28	0.14		0.16	0.34	0.18	0.6	-0.63	0.67
Short Term Debt	0.35	0.19	-0.62	-0.1	0.55	0.4	0.09	0.02	0.36	0.44	0.36	0.05	0.44	-0.48	0.52	-0.04	-0.44	0.76	-0.09	0.16		0.52	-0.2	0.09	-0.38	0.23
Common Stock	0.72	0.63	0.23	0.55	0.7	0.76	0.44	0.11	0.41	0.39	0.74	0.1	0.39	0.37	0.95	0.5	-0.23	0.86	0.57	0.34	0.52		-0.14	0.65	-0.05	0.63
Inventory	0.31	0.39	0.26	0.05	0.07	0.3	0.44	0.38	0.13	-0.26	0.32	-0.91	-0.26	0.07	-0.16	0.54	0.96	-0.27	0.5	0.18	-0.2	-0.14		0.16	0.07	0.07
Short Term Investments	0.88	0.52	0.52	0.75	0.71	0.85	0.42	0.56	0.63	0.39	0.86	0.01	0.39	0.63	0.54	0.61	0.19	0.45	0.67	0.6	0.09	0.65	0.16		-0.33	0.78
Good Will	-0.43	0.29	0.2	-0.35	-0.63	-0.38	0.31	-0.6	-0.71	-0.68	-0.36	-0.15	-0.68	0.09	-0.04	0.28	0.13	-0.32	0.28	-0.63	-0.38	-0.05	0.07	-0.33		-0.49
Intangible Assets	0.75	0.32	0.31	0.63	0.74	0.71	0.15	0.63	0.72	0.56	0.71	0.08	0.56	0.56	0.6	0.4	0.06	0.43	0.47	0.67	0.23	0.63	0.07	0.78	-0.49

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SM Energy Account Relationship Matchups

SM Energy fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	5.0B	5.2B	5.7B	6.4B	7.3B	7.7B
Short Long Term Debt Total	2.2B	2.1B	1.6B	1.6B	1.8B	989.4M
Other Current Liab	383.3M	583.1M	318.8M	296.4M	340.9M	247.5M
Total Current Liabilities	583.7M	889.3M	598.6M	633.8M	728.9M	765.3M
Total Stockholder Equity	2.0B	2.1B	3.1B	3.6B	4.2B	4.4B
Property Plant And Equipment Net	4.7B	4.6B	4.9B	5.4B	6.2B	6.5B
Net Debt	2.2B	1.7B	1.1B	959.2M	1.1B	911.8M
Retained Earnings	200.7M	234.5M	1.3B	2.1B	2.4B	2.5B
Accounts Payable	63.0M	25.1M	43.9M	107.3M	123.4M	129.6M
Non Current Assets Total	4.8B	4.6B	5.0B	5.5B	6.3B	6.6B
Non Currrent Assets Other	70.9M	35.0M	(184.8M)	87.1M	78.4M	82.3M
Net Receivables	162.5M	247.2M	233.3M	231.2M	265.8M	134.4M
Common Stock Shares Outstanding	113.7M	123.7M	124.1M	119.2M	137.1M	73.8M
Liabilities And Stockholders Equity	5.0B	5.2B	5.7B	6.4B	7.3B	7.7B
Non Current Liabilities Total	2.4B	2.3B	2.0B	2.1B	2.4B	1.4B
Other Current Assets	51.2M	33.3M	58.9M	69.1M	79.5M	75.4M
Other Stockholder Equity	1.8B	1.8B	1.8B	1.6B	1.8B	1.9B
Total Liab	3.0B	3.2B	2.6B	2.8B	3.2B	1.7B
Total Current Assets	203.7M	613.2M	737.2M	916.4M	1.1B	1.1B
Accumulated Other Comprehensive Income	(13.6M)	(12.8M)	(4.0M)	(2.6M)	(3.0M)	(3.1M)
Short Term Debt	11.7M	6.5M	10.1M	30.9M	35.5M	37.3M
Common Stock	1.1M	1.1M	1.2M	1.2M	1.3M	780.9K
Inventory	31.2M	24.1M	48.7M	56.4M	64.9M	74.0M
Current Deferred Revenue	(11.9M)	(6.5M)	280.8M	(15.4M)	(13.9M)	(13.2M)
Other Assets	46.2M	49.2M	25.8M	69.7M	62.7M	59.6M
Property Plant Equipment	6.0B	4.7B	4.6B	4.9B	4.4B	4.3B
Other Liab	315.3M	150.3M	180.9M	436.2M	392.5M	235.6M
Net Tangible Assets	2.7B	2.0B	2.1B	3.1B	3.5B	2.8B
Deferred Long Term Liab	5.9M	4.3M	2.7M	10.8M	12.4M	13.0M

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0KZA Cash And Short Term Investments vs Other Current Assets Analysis

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Other Current Assets

SM Energy fundamental ratios Correlations

SM Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SM Energy fundamental ratios Accounts

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Additional Tools for 0KZA Stock Analysis

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COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.98	Non Current Liabilities Total
Net Debt	+ 0.96	Short Long Term Debt Total

Inventory	- 0.91	Non Currrent Assets Other
Other Current Assets	- 0.82	Non Currrent Assets Other
Good Will	- 0.71	Accounts Payable
Good Will	- 0.68	Cash And Short Term Investments
Good Will	- 0.68	Cash
Good Will	- 0.63	Total Current Assets