Songz Cash vs Other Stockholder Equity Analysis

002454 Stock

6.89 0.02 0.29%

Songz Automobile financial indicator trend analysis is much more than just breaking down Songz Automobile Air prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Songz Automobile Air is a good investment. Please check the relationship between Songz Automobile Cash and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Songz Automobile Air. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Cash vs Other Stockholder Equity

Cash vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Songz Automobile Air Cash account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Songz Automobile's Cash and Other Stockholder Equity is -0.36. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Songz Automobile Air, assuming nothing else is changed. The correlation between historical values of Songz Automobile's Cash and Other Stockholder 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 Cash of Songz Automobile Air are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Cash i.e., Songz Automobile's Cash and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.36

Relationship Direction	Negative
Relationship Strength	Insignificant

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Cash

Cash refers to the most liquid asset of Songz Automobile Air, which is listed under current asset account on Songz Automobile Air balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Songz Automobile customers. The amounts must be unrestricted with restricted cash listed in a different Songz Automobile 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.

Other Stockholder Equity

Most indicators from Songz Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Songz Automobile Air 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 Songz Automobile Air. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 298.9 M, whereas Tax Provision is forecasted to decline to about 9.5 M.

	2021	2022	2023	2024 (projected)
Operating Income	151.6M	131.4M	114.1M	180.0M
Total Revenue	4.1B	4.2B	4.8B	2.9B

Operating Income Total Revenue

Songz Automobile fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.17	-0.21	0.98	0.98	0.97	0.65	-0.25	0.99	0.99	0.57	0.98	0.64	0.23	0.61	0.89	0.52	0.96	-0.11	-0.19	0.98	0.99	0.15	0.93	0.94	0.89
Short Long Term Debt Total	0.17		-0.95	0.1	0.21	0.25	-0.09	0.68	0.24	0.09	0.11	0.23	-0.02	0.46	0.01	0.19	0.1	0.04	-0.2	0.15	0.1	0.14	1.0	0.13	0.25	0.15
Other Current Liab	-0.21	-0.95		-0.13	-0.26	-0.3	0.0	-0.6	-0.29	-0.13	-0.15	-0.27	-0.07	-0.39	-0.1	-0.19	-0.14	-0.09	0.21	-0.03	-0.13	-0.17	-0.95	-0.17	-0.31	-0.24
Total Current Liabilities	0.98	0.1	-0.13		0.92	0.96	0.73	-0.25	0.97	0.99	0.5	0.97	0.65	0.2	0.59	0.86	0.49	0.96	-0.19	-0.24	1.0	0.96	0.07	0.92	0.88	0.88
Total Stockholder Equity	0.98	0.21	-0.26	0.92		0.93	0.57	-0.25	0.97	0.94	0.61	0.94	0.59	0.25	0.59	0.88	0.52	0.94	-0.03	-0.13	0.92	0.98	0.19	0.9	0.95	0.85
Property Plant And Equipment Net	0.97	0.25	-0.3	0.96	0.93		0.62	-0.14	0.98	0.97	0.5	0.99	0.63	0.27	0.58	0.84	0.53	0.94	-0.25	-0.2	0.97	0.94	0.22	0.91	0.94	0.91
Current Deferred Revenue	0.65	-0.09	0.0	0.73	0.57	0.62		-0.25	0.62	0.7	0.3	0.63	0.5	0.08	0.41	0.59	0.26	0.64	-0.16	-0.25	0.73	0.65	-0.11	0.57	0.47	0.58
Net Debt	-0.25	0.68	-0.6	-0.25	-0.25	-0.14	-0.25		-0.18	-0.25	-0.59	-0.12	-0.55	0.58	-0.65	-0.04	0.11	-0.3	0.0	0.54	-0.24	-0.31	0.7	-0.11	-0.23	-0.33
Retained Earnings	0.99	0.24	-0.29	0.97	0.97	0.98	0.62	-0.18		0.98	0.56	0.99	0.66	0.23	0.62	0.86	0.49	0.95	-0.13	-0.21	0.97	0.98	0.21	0.93	0.96	0.9
Accounts Payable	0.99	0.09	-0.13	0.99	0.94	0.97	0.7	-0.25	0.98		0.5	0.98	0.65	0.2	0.59	0.87	0.5	0.97	-0.13	-0.24	0.99	0.97	0.06	0.94	0.91	0.89
Cash	0.57	0.11	-0.15	0.5	0.61	0.5	0.3	-0.59	0.56	0.5		0.45	0.59	-0.22	0.76	0.29	-0.03	0.51	-0.28	-0.36	0.49	0.63	0.09	0.32	0.63	0.5
Non Current Assets Total	0.98	0.23	-0.27	0.97	0.94	0.99	0.63	-0.12	0.99	0.98	0.45		0.59	0.32	0.54	0.89	0.59	0.95	-0.16	-0.17	0.98	0.95	0.2	0.95	0.93	0.9
Non Currrent Assets Other	0.64	-0.02	-0.07	0.65	0.59	0.63	0.5	-0.55	0.66	0.65	0.59	0.59		-0.43	0.95	0.32	-0.09	0.6	-0.2	-0.69	0.63	0.65	-0.06	0.48	0.65	0.8
Other Assets	0.23	0.46	-0.39	0.2	0.25	0.27	0.08	0.58	0.23	0.2	-0.22	0.32	-0.43		-0.42	0.54	0.67	0.25	-0.15	0.43	0.24	0.18	0.48	0.36	0.2	0.09
Cash And Short Term Investments	0.61	0.01	-0.1	0.59	0.59	0.58	0.41	-0.65	0.62	0.59	0.76	0.54	0.95	-0.42		0.29	-0.08	0.56	-0.25	-0.71	0.57	0.64	-0.03	0.41	0.64	0.78
Net Receivables	0.89	0.19	-0.19	0.86	0.88	0.84	0.59	-0.04	0.86	0.87	0.29	0.89	0.32	0.54	0.29		0.76	0.86	0.01	0.04	0.88	0.87	0.18	0.9	0.78	0.75
Non Current Liabilities Total	0.52	0.1	-0.14	0.49	0.52	0.53	0.26	0.11	0.49	0.5	-0.03	0.59	-0.09	0.67	-0.08	0.76		0.52	-0.01	0.13	0.54	0.47	0.11	0.68	0.46	0.46
Inventory	0.96	0.04	-0.09	0.96	0.94	0.94	0.64	-0.3	0.95	0.97	0.51	0.95	0.6	0.25	0.56	0.86	0.52		-0.15	-0.17	0.96	0.95	0.02	0.94	0.88	0.85
Other Current Assets	-0.11	-0.2	0.21	-0.19	-0.03	-0.25	-0.16	0.0	-0.13	-0.13	-0.28	-0.16	-0.2	-0.15	-0.25	0.01	-0.01	-0.15		0.14	-0.18	-0.07	-0.19	0.03	-0.11	-0.19
Other Stockholder Equity	-0.19	0.15	-0.03	-0.24	-0.13	-0.2	-0.25	0.54	-0.21	-0.24	-0.36	-0.17	-0.69	0.43	-0.71	0.04	0.13	-0.17	0.14		-0.22	-0.2	0.18	-0.15	-0.25	-0.51
Total Liab	0.98	0.1	-0.13	1.0	0.92	0.97	0.73	-0.24	0.97	0.99	0.49	0.98	0.63	0.24	0.57	0.88	0.54	0.96	-0.18	-0.22		0.96	0.07	0.93	0.88	0.88
Total Current Assets	0.99	0.14	-0.17	0.96	0.98	0.94	0.65	-0.31	0.98	0.97	0.63	0.95	0.65	0.18	0.64	0.87	0.47	0.95	-0.07	-0.2	0.96		0.11	0.9	0.93	0.87
Short Term Debt	0.15	1.0	-0.95	0.07	0.19	0.22	-0.11	0.7	0.21	0.06	0.09	0.2	-0.06	0.48	-0.03	0.18	0.11	0.02	-0.19	0.18	0.07	0.11		0.11	0.23	0.12
Intangible Assets	0.93	0.13	-0.17	0.92	0.9	0.91	0.57	-0.11	0.93	0.94	0.32	0.95	0.48	0.36	0.41	0.9	0.68	0.94	0.03	-0.15	0.93	0.9	0.11		0.86	0.83
Common Stock	0.94	0.25	-0.31	0.88	0.95	0.94	0.47	-0.23	0.96	0.91	0.63	0.93	0.65	0.2	0.64	0.78	0.46	0.88	-0.11	-0.25	0.88	0.93	0.23	0.86		0.87
Property Plant Equipment	0.89	0.15	-0.24	0.88	0.85	0.91	0.58	-0.33	0.9	0.89	0.5	0.9	0.8	0.09	0.78	0.75	0.46	0.85	-0.19	-0.51	0.88	0.87	0.12	0.83	0.87

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Songz Automobile Account Relationship Matchups

Songz Automobile fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.8B	6.5B	6.9B	7.0B	7.4B	4.7B
Short Long Term Debt Total	779.4M	900.6M	47.5M	58.9M	58.2M	55.3M
Other Current Liab	(745.2M)	(652.7M)	2.5M	178.2M	4.9M	5.2M
Total Current Liabilities	1.9B	2.4B	2.7B	2.7B	2.9B	1.7B
Total Stockholder Equity	3.4B	3.6B	3.7B	3.8B	3.8B	2.7B
Property Plant And Equipment Net	1.3B	1.3B	1.5B	1.4B	1.5B	819.5M
Current Deferred Revenue	154.4M	170.2M	380.5M	144.0M	319.4M	160.0M
Net Debt	242.0M	128.6M	(713.4M)	(665.7M)	(1.1B)	(999.5M)
Retained Earnings	1.8B	2.0B	2.0B	2.1B	2.2B	1.2B
Accounts Payable	1.7B	2.0B	2.3B	2.4B	2.6B	1.4B
Cash	537.4M	772.0M	760.9M	724.6M	1.1B	597.3M
Non Current Assets Total	2.0B	2.0B	2.1B	2.1B	2.2B	1.3B
Non Currrent Assets Other	360.1M	519.3M	931.8M	969.8M	1.0B	1.1B
Other Assets	166.7M	176.0M	175.9M	1.0	1.15	1.09
Cash And Short Term Investments	823.4M	1.2B	1.6B	1.6B	2.1B	2.2B
Net Receivables	2.4B	2.6B	2.4B	2.4B	2.3B	2.0B
Liabilities And Stockholders Equity	5.8B	6.5B	6.9B	7.0B	7.4B	4.7B
Non Current Liabilities Total	201.2M	91.4M	105.6M	109.2M	113.2M	122.1M
Inventory	635.6M	708.4M	761.4M	920.8M	860.9M	562.0M
Other Current Assets	31.0M	15.2M	32.1M	24.7M	39.8M	54.0M
Other Stockholder Equity	750.4M	749.8M	741.4M	741.4M	(2.8B)	(2.7B)
Total Liab	2.1B	2.5B	2.8B	2.9B	3.0B	1.8B
Total Current Assets	3.9B	4.6B	4.8B	4.9B	5.2B	3.4B
Short Term Debt	779.4M	877.6M	25.4M	32.9M	32.3M	30.7M
Intangible Assets	269.5M	230.7M	224.7M	301.7M	296.8M	184.9M
Property Plant Equipment	1.3B	1.3B	1.5B	1.4B	1.6B	1.7B
Good Will	209.4M	157.5M	137.9M	122.6M	114.1M	120.4M
Short Term Investments	286M	450.5M	871.5M	871.6M	941.9M	989.0M
Other Liab	201.2M	91.4M	83.5M	83.2M	74.9M	113.4M
Net Tangible Assets	3.0B	3.3B	3.3B	3.3B	3.8B	3.2B
Deferred Long Term Liab	1.3M	2.7M	1.7M	1.0M	930.0K	1.5M
Short Long Term Debt	200M	60M	24.5M	30.8M	29.0M	27.5M
Non Current Liabilities Other	151.6M	37.9M	40.0M	41.8M	44.2M	79.3M
Net Invested Capital	3.4B	3.6B	3.7B	3.8B	3.9B	3.9B
Net Working Capital	2.0B	2.2B	2.1B	2.2B	2.3B	2.3B

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Other Information on Investing in Songz Stock

Balance Sheet is a snapshot of the financial position of Songz Automobile Air at a specified time, usually calculated after every quarter, six months, or one year. Songz Automobile Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Songz Automobile and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Songz currently owns. An asset can also be divided into two categories, current and non-current.

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Songz Cash vs Other Stockholder Equity Analysis

Cash vs Other Stockholder Equity

Cash vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Cash

Other Stockholder Equity

Songz Automobile fundamental ratios Correlations

Songz Automobile Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Songz Automobile fundamental ratios Accounts

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Other Information on Investing in Songz Stock

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Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Retained Earnings	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities

Short Term Debt	- 0.95	Other Current Liab
Other Current Liab	- 0.95	Short Long Term Debt Total
Other Stockholder Equity	- 0.71	Cash And Short Term Investments
Other Stockholder Equity	- 0.69	Non Currrent Assets Other
Cash And Short Term Investments	- 0.65	Net Debt
Net Debt	- 0.6	Other Current Liab