Stingray Short Long Term Debt Total vs Total Current Liabilities Analysis

RAY-A Stock

CAD 9.05 0.35 4.02%

Stingray financial indicator trend analysis is much more than just breaking down Stingray Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Stingray Group is a good investment. Please check the relationship between Stingray Short Long Term Debt Total and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Stingray Group. 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.

Short Long Term Debt Total vs Total Current Liabilities

Short Long Term Debt Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Stingray Group Short Long Term Debt Total account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Stingray's Short Long Term Debt Total and Total Current Liabilities is 0.97. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Stingray Group, assuming nothing else is changed. The correlation between historical values of Stingray's Short Long Term Debt Total and Total Current Liabilities 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 Long Term Debt Total of Stingray Group are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Long Term Debt Total i.e., Stingray's Short Long Term Debt Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Short Long Term Debt Total

Total Current Liabilities

Total Current Liabilities is an item on Stingray balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Stingray Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Stingray's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Stingray Group 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Stingray Group. 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.

Tax Provision is likely to gain to about 19.4 M in 2025, whereas Selling General Administrative is likely to drop slightly above 87.2 K in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	111.7M	118.6M	136.4M	84.1M
Total Revenue	323.9M	345.4M	397.2M	203.4M

Gross Profit Total Revenue

Stingray fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue	Cash	Cash And Short Term Investments
Common Stock Shares Outstanding		0.94	0.89	0.93	0.93	0.96	0.94	0.89	-0.84	0.92	0.94	0.39	0.97	0.94	0.91	0.9	0.91	-0.35	0.92	0.96	0.0	0.92	0.96	0.68	0.75	0.75
Total Assets	0.94		0.98	0.96	0.97	0.97	0.98	0.98	-0.84	0.93	1.0	0.54	0.99	1.0	0.99	0.93	0.93	-0.51	0.99	0.98	0.04	1.0	0.98	0.68	0.78	0.78
Short Long Term Debt Total	0.89	0.98		0.92	0.97	0.91	0.97	1.0	-0.82	0.87	0.98	0.6	0.95	0.98	1.0	0.92	0.9	-0.5	1.0	0.94	0.16	0.99	0.92	0.69	0.76	0.76
Other Current Liab	0.93	0.96	0.92		0.95	0.96	0.91	0.91	-0.75	0.89	0.95	0.57	0.98	0.96	0.93	0.96	0.94	-0.57	0.94	0.98	-0.12	0.94	0.95	0.72	0.84	0.84
Total Current Liabilities	0.93	0.97	0.97	0.95		0.92	0.96	0.97	-0.8	0.86	0.97	0.57	0.96	0.97	0.96	0.95	0.93	-0.48	0.98	0.97	0.16	0.97	0.93	0.74	0.82	0.82
Total Stockholder Equity	0.96	0.97	0.91	0.96	0.92		0.95	0.9	-0.82	0.96	0.97	0.44	0.98	0.98	0.93	0.91	0.91	-0.5	0.94	0.97	-0.11	0.95	1.0	0.64	0.77	0.77
Property Plant And Equipment Net	0.94	0.98	0.97	0.91	0.96	0.95		0.97	-0.83	0.94	0.99	0.5	0.96	0.98	0.98	0.9	0.91	-0.43	0.98	0.95	0.13	0.98	0.95	0.65	0.73	0.73
Net Debt	0.89	0.98	1.0	0.91	0.97	0.9	0.97		-0.82	0.87	0.98	0.59	0.94	0.97	1.0	0.91	0.9	-0.49	1.0	0.94	0.17	0.99	0.91	0.68	0.74	0.74
Retained Earnings	-0.84	-0.84	-0.82	-0.75	-0.8	-0.82	-0.83	-0.82		-0.72	-0.84	-0.19	-0.85	-0.82	-0.83	-0.67	-0.74	0.17	-0.83	-0.8	-0.12	-0.84	-0.85	-0.63	-0.41	-0.41
Accounts Payable	0.92	0.93	0.87	0.89	0.86	0.96	0.94	0.87	-0.72		0.93	0.47	0.92	0.94	0.9	0.88	0.84	-0.52	0.9	0.91	-0.1	0.9	0.94	0.55	0.76	0.76
Non Current Assets Total	0.94	1.0	0.98	0.95	0.97	0.97	0.99	0.98	-0.84	0.93		0.53	0.98	1.0	0.99	0.93	0.92	-0.52	0.99	0.97	0.05	1.0	0.97	0.67	0.77	0.77
Non Currrent Assets Other	0.39	0.54	0.6	0.57	0.57	0.44	0.5	0.59	-0.19	0.47	0.53		0.49	0.53	0.58	0.72	0.61	-0.53	0.58	0.57	-0.16	0.57	0.42	0.6	0.79	0.79
Net Receivables	0.97	0.99	0.95	0.98	0.96	0.98	0.96	0.94	-0.85	0.92	0.98	0.49		0.98	0.96	0.94	0.95	-0.46	0.97	0.99	-0.05	0.97	0.99	0.71	0.77	0.77
Good Will	0.94	1.0	0.98	0.96	0.97	0.98	0.98	0.97	-0.82	0.94	1.0	0.53	0.98		0.99	0.93	0.91	-0.53	0.99	0.97	0.04	0.99	0.98	0.66	0.78	0.78
Non Current Liabilities Total	0.91	0.99	1.0	0.93	0.96	0.93	0.98	1.0	-0.83	0.9	0.99	0.58	0.96	0.99		0.92	0.91	-0.51	1.0	0.95	0.11	1.0	0.94	0.67	0.75	0.75
Inventory	0.9	0.93	0.92	0.96	0.95	0.91	0.9	0.91	-0.67	0.88	0.93	0.72	0.94	0.93	0.92		0.95	-0.53	0.93	0.97	-0.08	0.92	0.89	0.76	0.92	0.92
Other Current Assets	0.91	0.93	0.9	0.94	0.93	0.91	0.91	0.9	-0.74	0.84	0.92	0.61	0.95	0.91	0.91	0.95		-0.33	0.92	0.97	-0.1	0.92	0.9	0.81	0.84	0.84
Other Stockholder Equity	-0.35	-0.51	-0.5	-0.57	-0.48	-0.5	-0.43	-0.49	0.17	-0.52	-0.52	-0.53	-0.46	-0.53	-0.51	-0.53	-0.33		-0.51	-0.48	0.1	-0.51	-0.47	-0.1	-0.57	-0.57
Total Liab	0.92	0.99	1.0	0.94	0.98	0.94	0.98	1.0	-0.83	0.9	0.99	0.58	0.97	0.99	1.0	0.93	0.92	-0.51		0.96	0.12	1.0	0.94	0.69	0.77	0.77
Total Current Assets	0.96	0.98	0.94	0.98	0.97	0.97	0.95	0.94	-0.8	0.91	0.97	0.57	0.99	0.97	0.95	0.97	0.97	-0.48	0.96		-0.08	0.97	0.97	0.75	0.85	0.85
Short Term Debt	0.0	0.04	0.16	-0.12	0.16	-0.11	0.13	0.17	-0.12	-0.1	0.05	-0.16	-0.05	0.04	0.11	-0.08	-0.1	0.1	0.12	-0.08		0.07	-0.08	-0.11	-0.18	-0.18
Intangible Assets	0.92	1.0	0.99	0.94	0.97	0.95	0.98	0.99	-0.84	0.9	1.0	0.57	0.97	0.99	1.0	0.92	0.92	-0.51	1.0	0.97	0.07		0.96	0.69	0.77	0.77
Common Stock	0.96	0.98	0.92	0.95	0.93	1.0	0.95	0.91	-0.85	0.94	0.97	0.42	0.99	0.98	0.94	0.89	0.9	-0.47	0.94	0.97	-0.08	0.96		0.64	0.74	0.74
Current Deferred Revenue	0.68	0.68	0.69	0.72	0.74	0.64	0.65	0.68	-0.63	0.55	0.67	0.6	0.71	0.66	0.67	0.76	0.81	-0.1	0.69	0.75	-0.11	0.69	0.64		0.74	0.74
Cash	0.75	0.78	0.76	0.84	0.82	0.77	0.73	0.74	-0.41	0.76	0.77	0.79	0.77	0.78	0.75	0.92	0.84	-0.57	0.77	0.85	-0.18	0.77	0.74	0.74		1.0
Cash And Short Term Investments	0.75	0.78	0.76	0.84	0.82	0.77	0.73	0.74	-0.41	0.76	0.77	0.79	0.77	0.78	0.75	0.92	0.84	-0.57	0.77	0.85	-0.18	0.77	0.74	0.74	1.0

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Stingray Account Relationship Matchups

Stingray fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	73.4M	71.5M	69.8M	69.1M	79.5M	63.5M
Total Assets	822.8M	883.7M	895.2M	811.6M	933.3M	595.4M
Short Long Term Debt Total	365.7M	412.0M	412.2M	386.7M	444.7M	263.0M
Other Current Liab	55.4M	67.8M	89.3M	67.2M	77.3M	54.9M
Total Current Liabilities	120.5M	115.0M	135.2M	115.0M	132.3M	92.9M
Total Stockholder Equity	274.7M	273.5M	286.3M	248.6M	285.9M	193.6M
Property Plant And Equipment Net	70.4M	65.9M	62.1M	57.3M	65.9M	40.9M
Net Debt	356.6M	397.4M	396.8M	377.1M	433.7M	256.0M
Retained Earnings	(40.2M)	(31.1M)	(21.7M)	(55.9M)	(50.3M)	(47.8M)
Accounts Payable	15.2M	18.4M	16.0M	11.7M	13.4M	12.4M
Non Current Assets Total	732.2M	783.8M	779.2M	707.5M	813.6M	520.6M
Non Currrent Assets Other	1.3M	5.1M	3.9M	3.2M	3.6M	2.2M
Net Receivables	64.9M	66.8M	77.1M	72.8M	83.7M	54.6M
Good Will	337.9M	354.3M	360.9M	304.6M	350.3M	232.8M
Liabilities And Stockholders Equity	822.8M	883.7M	895.2M	811.6M	933.3M	595.4M
Non Current Liabilities Total	427.7M	495.2M	473.8M	448.0M	515.2M	308.9M
Inventory	3.2M	5.2M	5.7M	4.3M	5.0M	3.0M
Other Current Assets	13.4M	13.4M	17.7M	17.4M	20.0M	10.8M
Other Stockholder Equity	5.2M	(271.2M)	(276.2M)	6.4M	5.8M	6.0M
Total Liab	548.1M	610.2M	608.9M	563.0M	647.4M	401.7M
Total Current Assets	90.6M	99.9M	116.0M	104.1M	119.7M	74.8M
Short Term Debt	31.9M	11.7M	11.7M	11.7M	10.5M	11.7M
Intangible Assets	314.9M	349.2M	341.8M	331.0M	380.7M	223.8M
Common Stock	314.0M	302.3M	297.9M	294.8M	339.0M	222.3M
Current Deferred Revenue	5.0M	4.9M	7.5M	9.7M	11.1M	11.7M
Cash	9.0M	14.6M	15.5M	9.6M	11.0M	7.7M
Cash And Short Term Investments	9.0M	14.6M	15.5M	9.6M	11.0M	7.7M
Other Liab	114.0M	93.9M	94.9M	73.2M	84.2M	71.8M
Net Tangible Assets	(391.3M)	(378.1M)	(430.0M)	(416.4M)	(374.8M)	(393.5M)
Other Assets	11.8M	6.0M	8.0M	6.2M	5.5M	6.6M
Long Term Debt	308.0M	376.1M	379.0M	356.8M	410.3M	272.8M
Long Term Investments	3.0M	6.4M	8.3M	9.7M	8.7M	11.1M
Accumulated Other Comprehensive Income	(4.3M)	(3.4M)	3.9M	3.3M	3.8M	4.0M
Property Plant Equipment	75.2M	70.4M	65.9M	62.1M	71.4M	47.4M
Net Invested Capital	610.1M	657.2M	672.8M	612.9M	704.8M	630.0M
Net Working Capital	(29.9M)	(15.0M)	(19.2M)	(10.9M)	(9.8M)	(10.3M)
Capital Stock	314.0M	302.3M	297.9M	294.8M	265.3M	249.2M
Non Current Liabilities Other	44.2M	43.2M	16.6M	12.6M	11.3M	10.7M
Capital Lease Obligations	30.2M	28.3M	25.7M	22.4M	20.2M	22.0M

Pair Trading with Stingray

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 Stingray 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 Stingray will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Stingray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stingray 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 Stingray - 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 Stingray Group to buy it.

The correlation of Stingray 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 Stingray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stingray Group 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 Stingray 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 Stingray Stock Analysis

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

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Stingray Short Long Term Debt Total vs Total Current Liabilities Analysis

Short Long Term Debt Total vs Total Current Liabilities

Short Long Term Debt Total vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Short Long Term Debt Total

Total Current Liabilities

Stingray fundamental ratios Correlations

Stingray Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Stingray fundamental ratios Accounts

Pair Trading with Stingray

Additional Tools for Stingray Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Common Stock	- 0.85	Retained Earnings
Net Receivables	- 0.85	Retained Earnings
Intangible Assets	- 0.84	Retained Earnings
Non Current Assets Total	- 0.84	Retained Earnings
Retained Earnings	- 0.84	Total Assets
Retained Earnings	- 0.84	Common Stock Shares Outstanding