0KZA Depreciation And Amortization vs Total Current Assets Analysis

0KZA Stock   45.09  0.19  0.42%   
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 Depreciation And Amortization and its Total 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.

Depreciation And Amortization vs Total Current Assets

Depreciation And Amortization vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SM Energy Depreciation And Amortization account and Total Current Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between SM Energy's Depreciation And Amortization and Total Current Assets is 0.1. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total 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 Depreciation And Amortization and Total 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 Depreciation And Amortization of SM Energy Co are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Depreciation And Amortization i.e., SM Energy's Depreciation And Amortization and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.1
Relationship DirectionPositive 
Relationship StrengthInsignificant

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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 2024. Tax Provision is likely to drop to about (231.9 M) in 2024
 2021 2022 2023 2024 (projected)
Total Revenue2.6B3.3B2.4B2.5B
Depreciation And Amortization809.4M611.2M690.5M376.3M

SM Energy fundamental ratios Correlations

0.730.40.620.870.990.650.540.710.330.99-0.250.330.420.610.740.310.590.760.580.260.740.370.88-0.30.69
0.730.380.290.390.790.97-0.010.21-0.250.8-0.32-0.250.230.530.940.320.480.92-0.020.210.670.390.510.330.26
0.40.380.810.080.350.340.180.14-0.030.38-0.06-0.030.840.190.520.41-0.070.640.35-0.630.260.260.510.240.25
0.620.290.810.530.560.180.330.470.460.560.040.460.780.540.330.140.350.480.68-0.220.550.080.73-0.220.56
0.870.390.080.530.850.280.590.790.630.83-0.090.630.240.650.350.020.710.380.680.490.720.120.76-0.60.76
0.990.790.350.560.850.720.450.660.241.0-0.250.240.360.650.770.270.650.780.470.330.780.350.84-0.240.64
0.650.970.340.180.280.72-0.060.13-0.420.74-0.36-0.420.130.380.920.380.390.88-0.160.160.540.440.430.360.11
0.54-0.010.180.330.590.45-0.060.710.430.46-0.30.430.4-0.060.220.52-0.150.220.78-0.16-0.020.480.58-0.570.63
0.710.210.140.470.790.660.130.710.590.65-0.010.590.230.310.250.160.350.270.710.240.350.20.69-0.730.78
0.33-0.25-0.030.460.630.24-0.420.430.590.220.271.00.20.38-0.28-0.320.39-0.20.810.350.31-0.280.4-0.730.59
0.990.80.380.560.831.00.740.460.650.22-0.240.220.370.610.790.290.620.80.450.290.760.360.85-0.220.63
-0.25-0.32-0.060.04-0.09-0.25-0.36-0.3-0.010.27-0.240.270.040.03-0.4-0.810.15-0.36-0.150.020.07-0.910.01-0.170.09
0.33-0.25-0.030.460.630.24-0.420.430.591.00.220.270.20.38-0.28-0.320.39-0.20.810.350.31-0.280.4-0.730.59
0.420.230.840.780.240.360.130.40.230.20.370.040.20.30.40.26-0.060.530.51-0.580.320.090.620.130.49
0.610.530.190.540.650.650.38-0.060.310.380.610.030.380.30.36-0.240.840.440.290.470.94-0.150.550.00.53
0.740.940.520.330.350.770.920.220.25-0.280.79-0.4-0.280.40.360.530.230.980.1-0.030.520.540.60.330.33
0.310.320.410.140.020.270.380.520.16-0.320.29-0.81-0.320.26-0.240.53-0.430.510.26-0.44-0.220.960.190.150.04
0.590.48-0.070.350.710.650.39-0.150.350.390.620.150.39-0.060.840.23-0.430.260.150.730.88-0.260.42-0.240.38
0.760.920.640.480.380.780.880.220.27-0.20.8-0.36-0.20.530.440.980.510.260.18-0.090.580.50.650.330.39
0.58-0.020.350.680.680.47-0.160.780.710.810.45-0.150.810.510.290.10.260.150.180.00.260.250.64-0.620.69
0.260.21-0.63-0.220.490.330.16-0.160.240.350.290.020.35-0.580.47-0.03-0.440.73-0.090.00.48-0.190.06-0.380.21
0.740.670.260.550.720.780.54-0.020.350.310.760.070.310.320.940.52-0.220.880.580.260.48-0.120.66-0.010.57
0.370.390.260.080.120.350.440.480.2-0.280.36-0.91-0.280.09-0.150.540.96-0.260.50.25-0.19-0.120.160.080.05
0.880.510.510.730.760.840.430.580.690.40.850.010.40.620.550.60.190.420.650.640.060.660.16-0.340.78
-0.30.330.24-0.22-0.6-0.240.36-0.57-0.73-0.73-0.22-0.17-0.730.130.00.330.15-0.240.33-0.62-0.38-0.010.08-0.34-0.49
0.690.260.250.560.760.640.110.630.780.590.630.090.590.490.530.330.040.380.390.690.210.570.050.78-0.49
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SM Energy Account Relationship Matchups

SM Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.3B5.0B5.2B5.7B6.4B6.7B
Short Long Term Debt Total2.7B2.2B2.1B1.6B1.6B989.4M
Other Current Liab266.4M383.3M583.1M318.8M296.4M247.5M
Total Current Liabilities472.0M583.7M889.3M598.6M633.8M665.5M
Total Stockholder Equity2.7B2.0B2.1B3.1B3.6B3.8B
Property Plant And Equipment Net6.0B4.7B4.6B4.9B5.4B5.6B
Net Debt2.7B2.2B1.7B1.1B959.2M911.8M
Retained Earnings967.6M200.7M234.5M1.3B2.1B2.2B
Accounts Payable52.1M63.0M25.1M43.9M107.3M112.7M
Non Current Assets Total6.0B4.8B4.6B5.0B5.5B5.7B
Non Currrent Assets Other(103.4M)70.9M35.0M(184.8M)87.1M91.5M
Net Receivables184.7M162.5M247.2M233.3M231.2M134.4M
Common Stock Shares Outstanding112.5M113.7M123.7M124.1M119.2M73.8M
Liabilities And Stockholders Equity6.3B5.0B5.2B5.7B6.4B6.7B
Non Current Liabilities Total3.1B2.4B2.3B2.0B2.1B1.4B
Other Current Assets74.8M51.2M33.3M58.9M69.1M75.4M
Other Stockholder Equity1.8B1.8B1.8B1.8B1.6B1.6B
Total Liab3.5B3.0B3.2B2.6B2.8B1.7B
Total Current Assets252.6M203.7M613.2M737.2M916.4M962.3M
Accumulated Other Comprehensive Income(11.3M)(13.6M)(12.8M)(4.0M)(2.6M)(2.7M)
Common Stock1.1M1.1M1.1M1.2M1.2M780.9K
Inventory55.2M31.2M24.1M48.7M56.4M74.0M
Other Assets46.2M49.2M25.8M69.7M62.7M59.6M
Long Term Debt2.9B2.6B2.7B2.2B2.0B2.1B
Capital Surpluse1.7B1.8B1.8B1.8B2.1B1.9B
Property Plant Equipment6.0B4.7B4.6B4.9B4.4B4.3B
Other Liab315.3M150.3M180.9M436.2M392.5M235.6M
Net Tangible Assets2.7B2.0B2.1B3.1B3.5B2.8B
Deferred Long Term Liab5.9M4.3M2.7M10.8M12.4M13.0M

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