Steel Short Term Investments vs Other Current Assets Analysis

SPLP Stock

USD 41.53 0.47 1.12%

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

Short Term Investments vs Other Current Assets

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 Steel Partners Holdings 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 Steel Partners' Short Term Investments and Other Current Assets is -0.45. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Steel Partners Holdings, assuming nothing else is changed. The correlation between historical values of Steel Partners' 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 Short Term Investments of Steel Partners Holdings 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 Short Term Investments i.e., Steel Partners' Short Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.45

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Steel Partners balance sheet. It contains any investments Steel Partners Holdings undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Steel Partners Holdings can easily liquidate in the marketplace.

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 Steel Partners' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Steel Partners Holdings 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 Steel Partners Holdings. 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, Steel Partners' Selling General Administrative is relatively stable compared to the past year. As of 02/17/2025, Tax Provision is likely to grow to about 29 M, while Enterprise Value is likely to drop slightly above 581.6 M.

	2022	2023	2024	2025 (projected)
Interest Expense	20.6M	18.4M	21.2M	20.0M
Depreciation And Amortization	53.8M	56.6M	65.0M	32.6M

Interest Expense Depreciation And Amortization

Steel Partners fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Treasury Stock	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.87	0.88	0.61	0.45	0.56	0.79	0.76	0.18	0.39	0.92	0.64	0.34	-0.48	0.77	0.78	0.22	0.99	0.44	-0.33	-0.31	0.9	-0.74	-0.04	0.22	0.89
Other Current Liab	0.87		1.0	0.74	0.26	0.61	0.65	0.79	-0.1	-0.05	0.98	0.4	-0.04	-0.51	0.69	0.94	0.19	0.84	0.27	-0.53	-0.42	0.98	-0.52	-0.07	-0.05	0.91
Total Current Liabilities	0.88	1.0		0.74	0.3	0.59	0.68	0.81	-0.1	-0.05	0.98	0.44	-0.05	-0.51	0.71	0.93	0.18	0.85	0.3	-0.5	-0.39	0.98	-0.55	-0.04	0.01	0.92
Total Stockholder Equity	0.61	0.74	0.74		0.28	0.38	0.48	0.75	-0.25	-0.16	0.65	0.4	-0.14	-0.31	0.51	0.71	0.45	0.56	0.52	-0.64	-0.19	0.75	-0.46	0.05	0.1	0.72
Other Liab	0.45	0.26	0.3	0.28		0.12	0.76	0.54	0.29	0.1	0.34	0.8	-0.17	-0.25	0.71	0.16	0.15	0.43	0.46	0.23	0.06	0.38	-0.77	0.14	0.75	0.43
Net Tangible Assets	0.56	0.61	0.59	0.38	0.12		0.23	0.5	-0.01	-0.1	0.57	0.01	0.09	0.13	0.29	0.69	-0.04	0.44	0.17	-0.26	-0.16	0.64	-0.14	0.17	-0.04	0.75
Accounts Payable	0.79	0.65	0.68	0.48	0.76	0.23		0.65	0.33	0.27	0.73	0.89	0.05	-0.55	0.97	0.54	0.32	0.8	0.5	-0.1	-0.22	0.69	-0.87	-0.01	0.41	0.65
Cash	0.76	0.79	0.81	0.75	0.54	0.5	0.65		-0.12	-0.11	0.78	0.58	-0.13	-0.27	0.59	0.66	-0.01	0.69	0.31	-0.5	-0.1	0.89	-0.51	0.19	0.38	0.89
Other Assets	0.18	-0.1	-0.1	-0.25	0.29	-0.01	0.33	-0.12		0.56	0.06	0.26	0.44	-0.27	0.29	-0.08	0.38	0.24	0.19	0.12	-0.14	-0.07	-0.36	-0.14	-0.03	-0.08
Long Term Debt	0.39	-0.05	-0.05	-0.16	0.1	-0.1	0.27	-0.11	0.56		0.07	0.34	0.92	-0.24	0.18	-0.1	0.25	0.48	0.23	0.15	-0.02	-0.05	-0.4	-0.11	0.17	0.0
Net Receivables	0.92	0.98	0.98	0.65	0.34	0.57	0.73	0.78	0.06	0.07		0.5	0.04	-0.58	0.76	0.9	0.19	0.9	0.3	-0.46	-0.42	0.97	-0.61	-0.08	0.01	0.9
Good Will	0.64	0.4	0.44	0.4	0.8	0.01	0.89	0.58	0.26	0.34	0.5		0.1	-0.36	0.82	0.25	0.22	0.65	0.51	0.1	0.02	0.49	-0.85	0.1	0.69	0.48
Common Stock Shares Outstanding	0.34	-0.04	-0.05	-0.14	-0.17	0.09	0.05	-0.13	0.44	0.92	0.04	0.1		-0.02	-0.02	-0.03	0.16	0.4	0.13	0.0	-0.04	-0.04	-0.15	-0.12	-0.03	0.02
Short Term Investments	-0.48	-0.51	-0.51	-0.31	-0.25	0.13	-0.55	-0.27	-0.27	-0.24	-0.58	-0.36	-0.02		-0.54	-0.45	-0.5	-0.59	-0.05	0.36	0.36	-0.42	0.45	0.17	0.11	-0.29
Inventory	0.77	0.69	0.71	0.51	0.71	0.29	0.97	0.59	0.29	0.18	0.76	0.82	-0.02	-0.54		0.62	0.38	0.78	0.54	-0.06	-0.28	0.71	-0.87	-0.06	0.3	0.65
Other Current Assets	0.78	0.94	0.93	0.71	0.16	0.69	0.54	0.66	-0.08	-0.1	0.9	0.25	-0.03	-0.45	0.62		0.36	0.74	0.21	-0.53	-0.43	0.89	-0.41	-0.07	-0.19	0.82
Other Stockholder Equity	0.22	0.19	0.18	0.45	0.15	-0.04	0.32	-0.01	0.38	0.25	0.19	0.22	0.16	-0.5	0.38	0.36		0.28	0.33	-0.25	-0.2	0.1	-0.37	-0.14	-0.17	0.03
Total Liab	0.99	0.84	0.85	0.56	0.43	0.44	0.8	0.69	0.24	0.48	0.9	0.65	0.4	-0.59	0.78	0.74	0.28		0.41	-0.31	-0.34	0.84	-0.76	-0.1	0.18	0.82
Deferred Long Term Liab	0.44	0.27	0.3	0.52	0.46	0.17	0.5	0.31	0.19	0.23	0.3	0.51	0.13	-0.05	0.54	0.21	0.33	0.41		0.06	0.02	0.33	-0.73	0.09	0.32	0.39
Long Term Investments	-0.33	-0.53	-0.5	-0.64	0.23	-0.26	-0.1	-0.5	0.12	0.15	-0.46	0.1	0.0	0.36	-0.06	-0.53	-0.25	-0.31	0.06		0.23	-0.5	-0.11	-0.01	0.41	-0.43
Short Long Term Debt	-0.31	-0.42	-0.39	-0.19	0.06	-0.16	-0.22	-0.1	-0.14	-0.02	-0.42	0.02	-0.04	0.36	-0.28	-0.43	-0.2	-0.34	0.02	0.23		-0.35	0.14	0.89	0.51	-0.23
Total Current Assets	0.9	0.98	0.98	0.75	0.38	0.64	0.69	0.89	-0.07	-0.05	0.97	0.49	-0.04	-0.42	0.71	0.89	0.1	0.84	0.33	-0.5	-0.35		-0.57	-0.01	0.1	0.96
Treasury Stock	-0.74	-0.52	-0.55	-0.46	-0.77	-0.14	-0.87	-0.51	-0.36	-0.4	-0.61	-0.85	-0.15	0.45	-0.87	-0.41	-0.37	-0.76	-0.73	-0.11	0.14	-0.57		0.04	-0.49	-0.56
Short Term Debt	-0.04	-0.07	-0.04	0.05	0.14	0.17	-0.01	0.19	-0.14	-0.11	-0.08	0.1	-0.12	0.17	-0.06	-0.07	-0.14	-0.1	0.09	-0.01	0.89	-0.01	0.04		0.46	0.12
Intangible Assets	0.22	-0.05	0.01	0.1	0.75	-0.04	0.41	0.38	-0.03	0.17	0.01	0.69	-0.03	0.11	0.3	-0.19	-0.17	0.18	0.32	0.41	0.51	0.1	-0.49	0.46		0.23
Common Stock	0.89	0.91	0.92	0.72	0.43	0.75	0.65	0.89	-0.08	0.0	0.9	0.48	0.02	-0.29	0.65	0.82	0.03	0.82	0.39	-0.43	-0.23	0.96	-0.56	0.12	0.23

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Steel Partners Account Relationship Matchups

Steel Partners fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	3.9B	2.7B	3.2B	4.0B	4.6B	4.8B
Other Current Liab	405.5M	580.6M	1.5B	1.9B	2.2B	2.3B
Total Current Liabilities	517.0M	715.0M	1.6B	2.1B	2.4B	2.5B
Total Stockholder Equity	(172.6M)	(131.8M)	801.5M	958.6M	1.1B	1.2B
Other Liab	346.7M	295.8M	506.6M	373.1M	429.1M	326.1M
Net Tangible Assets	168.2M	400.6M	549.2M	706.7M	812.7M	853.3M
Accounts Payable	100.8M	123.3M	109.6M	131.9M	151.7M	78.7M
Cash	135.8M	325.4M	234.4M	577.9M	664.6M	697.8M
Other Assets	2.3B	4.1B	615.5M	1.0	1.15	1.09
Long Term Debt	2.4B	603.8M	221.3M	206.4M	237.3M	418.5M
Net Receivables	399.1M	536.9M	724.9M	935.4M	1.1B	1.1B
Good Will	150.9M	148.0M	125.8M	148.8M	171.2M	111.5M
Common Stock Shares Outstanding	51.4M	28.9M	26.9M	25.4M	29.2M	31.3M
Short Term Investments	1.4M	220K	106K	(1.4M)	(1.3M)	(1.2M)
Inventory	137.1M	184.3M	214.1M	202.3M	232.6M	118.0M
Other Current Assets	131.2M	237.6M	1.2B	911.7M	1.0B	1.1B
Other Stockholder Equity	172.6M	131.8M	953.3M	(329.3M)	(378.7M)	(397.6M)
Total Liab	3.4B	2.0B	2.4B	3.0B	3.4B	3.6B
Long Term Investments	291.3M	261.1M	309.7M	41.2M	47.4M	45.0M
Short Long Term Debt	10.8M	1.2M	752K	67K	60.3K	57.3K
Total Current Assets	803.3M	1.3B	1.8B	2.6B	3.0B	3.2B
Accumulated Other Comprehensive Income	(172.6M)	(131.8M)	(151.9M)	(121.2M)	(109.1M)	(114.6M)
Short Term Debt	10.8M	11.1M	10.6M	19.9M	17.9M	14.0M
Intangible Assets	138.6M	119.8M	94.8M	114.2M	131.3M	138.7M
Common Stock	707.3M	795.1M	952.1M	1.4B	1.6B	1.7B
Property Plant Equipment	262.3M	229.0M	235.0M	238.5M	274.3M	202.4M
Short Long Term Debt Total	2.4B	632.5M	257.5M	445.6M	512.5M	532.0M
Property Plant And Equipment Net	258.7M	271.6M	281.2M	330.7M	380.3M	261.8M
Net Debt	2.3B	307.1M	23.1M	(132.3M)	(152.1M)	(144.5M)
Non Current Assets Total	3.1B	1.4B	1.4B	1.4B	1.6B	1.3B
Non Currrent Assets Other	2.2B	79.1M	619.1M	726.7M	835.7M	877.5M
Cash And Short Term Investments	135.9M	325.4M	234.4M	577.9M	664.6M	348.4M
Liabilities And Stockholders Equity	3.4B	2.0B	3.2B	4.0B	4.6B	4.8B
Non Current Liabilities Total	2.9B	1.3B	785.2M	919.9M	1.1B	996.8M
Property Plant And Equipment Gross	258.7M	235.0M	238.5M	721.1M	829.3M	870.8M
Current Deferred Revenue	74.0M	88.7M	4.4M	7.4M	6.6M	6.3M

Pair Trading with Steel Partners

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Steel Partners position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Steel Partners will appreciate offsetting losses from the drop in the long position's value.

Moving against Steel Stock

0.35	CP	Canadian Pacific Railway	Pair Corr
0.34	MMM	3M Company	Pair Corr
0.31	BZ	Kanzhun Ltd ADR	Pair Corr

The ability to find closely correlated positions to Steel Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steel Partners when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Steel Partners - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Steel Partners Holdings to buy it.

The correlation of Steel Partners is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Steel Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Partners Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Steel Partners can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Steel Stock Analysis

When running Steel Partners' price analysis, check to measure Steel Partners' 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 Steel Partners is operating at the current time. Most of Steel Partners' value examination focuses on studying past and present price action to predict the probability of Steel Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Partners' price. Additionally, you may evaluate how the addition of Steel Partners to your portfolios can decrease your overall portfolio volatility.

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