| SPIC Stock | | | 74.08 2.23 2.92% |
Southern Petrochemicals financial indicator trend analysis is much more than just breaking down Southern Petrochemicals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Southern Petrochemicals is a good investment. Please check the relationship between Southern Petrochemicals Long Term Debt and its Preferred Stock Total Equity accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Southern Petrochemicals Industries. 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.
Long Term Debt vs Preferred Stock Total Equity
Long Term Debt vs Preferred Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Southern Petrochemicals Long Term Debt account and
Preferred Stock Total Equity. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Southern Petrochemicals' Long Term Debt and Preferred Stock Total Equity is 0.15. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Preferred Stock Total Equity in the same time period over historical financial statements of Southern Petrochemicals Industries, assuming nothing else is changed. The correlation between historical values of Southern Petrochemicals' Long Term Debt and Preferred Stock Total 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 Long Term Debt of Southern Petrochemicals Industries are associated (or correlated) with its Preferred Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Preferred Stock Total Equity has no effect on the direction of Long Term Debt i.e., Southern Petrochemicals' Long Term Debt and Preferred Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.15 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Southern Petrochemicals has held for over one year. Long-term debt appears on Southern Petrochemicals Industries 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 Southern Petrochemicals Industries 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.
Preferred Stock Total Equity
Most indicators from Southern Petrochemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Southern Petrochemicals 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 Southern Petrochemicals Industries. 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.
Tax Provision is likely to gain to about 598.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 94
M in 2024.
Southern Petrochemicals fundamental ratios Correlations
Click cells to compare fundamentals
Southern Petrochemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Southern Petrochemicals fundamental ratios Accounts
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