Summit Cash vs Long Term Debt Analysis
| 0LAI Stock | 50.90 0.05 0.1% |
Summit Materials financial indicator trend analysis is much more than just breaking down Summit Materials prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Summit Materials is a good investment. Please check the relationship between Summit Materials Cash and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Summit Materials Cl. 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. For more information on how to buy Summit Stock please use our How to Invest in Summit Materials guide.
Cash vs Long Term Debt
Cash vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Materials Cash account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Summit Materials' Cash and Long Term Debt is 0.91. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Summit Materials Cl, assuming nothing else is changed. The correlation between historical values of Summit Materials' Cash and Long Term Debt 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 of Summit Materials Cl are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash i.e., Summit Materials' Cash and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Summit Materials, which is listed under current asset account on Summit Materials Cl balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Summit Materials customers. The amounts must be unrestricted with restricted cash listed in a different Summit Materials account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Long Term Debt
Long-term debt is a debt that Summit Materials has held for over one year. Long-term debt appears on Summit Materials Cl balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Summit Materials Cl balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Summit Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Summit Materials 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 Summit Materials Cl. 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. For more information on how to buy Summit Stock please use our How to Invest in Summit Materials guide.Selling General Administrative is likely to gain to about 280.4 M in 2024, whereas Tax Provision is likely to drop (6.4 M) in 2024.
| 2010 | 2016 | 2023 | 2024 (projected) | Gross Profit | 748.5M | 554.3M | 637.4M | 720.4M | Total Revenue | 2.3B | 1.6B | 1.9B | 2.2B |
Summit Materials fundamental ratios Correlations
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Summit Materials Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Summit Materials' price analysis, check to measure Summit Materials' 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 Summit Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.