Schnitzer Net Debt vs Long Term Investments Analysis

RDUS Stock

USD 20.21 0.47 2.38%

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

Net Debt vs Long Term Investments

Net Debt vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Schnitzer Steel Indu Net Debt account and Long Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Schnitzer Steel's Net Debt and Long Term Investments is -0.48. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Schnitzer Steel Industries, assuming nothing else is changed. The correlation between historical values of Schnitzer Steel's Net Debt and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Schnitzer Steel Industries are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Net Debt i.e., Schnitzer Steel's Net Debt and Long Term Investments go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Long Term Investments

Long Term Investments is an item on the asset side of Schnitzer Steel balance sheet that represents investments Schnitzer Steel Indu intends to hold for over a year. Schnitzer Steel Industries long term investments may include different instruments such as stocks, bonds, real estate and cash.

Most indicators from Schnitzer Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Schnitzer Steel Indu 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 Schnitzer Steel 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 employment.

At this time, Schnitzer Steel's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 1.1 B in 2024, whereas Discontinued Operations is likely to drop (100.2 K) in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	488.1M	307.7M	353.9M	207.2M
Total Revenue	3.5B	2.9B	3.3B	3.5B

Gross Profit Total Revenue

Schnitzer Steel fundamental ratios Correlations

	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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.46	-0.03	0.93	0.93	0.96	0.67	0.87	0.94	-0.28	0.95	-0.23	-0.51	0.73	-0.27	0.89	0.73	0.93	-0.48	0.94	0.6	0.94	0.63	0.62	0.36	0.73
Short Long Term Debt Total	0.46		-0.32	0.44	0.22	0.44	0.65	0.21	0.48	-0.21	0.34	0.23	-0.15	0.55	-0.38	0.72	0.4	0.47	0.0	0.63	0.7	0.52	0.44	0.71	0.7	0.31
Other Current Liab	-0.03	-0.32		-0.16	0.2	-0.21	-0.27	-0.02	-0.24	0.31	0.1	-0.58	0.25	-0.3	0.14	-0.28	-0.06	-0.1	0.13	-0.24	-0.61	-0.09	-0.43	-0.57	-0.07	0.03
Total Current Liabilities	0.93	0.44	-0.16		0.79	0.97	0.68	0.8	0.99	-0.4	0.85	-0.21	-0.58	0.79	-0.27	0.85	0.72	0.96	-0.47	0.95	0.69	0.91	0.83	0.65	0.36	0.69
Total Stockholder Equity	0.93	0.22	0.2	0.79		0.84	0.46	0.84	0.79	-0.1	0.96	-0.42	-0.36	0.56	-0.17	0.68	0.69	0.81	-0.45	0.76	0.31	0.85	0.42	0.42	0.29	0.7
Property Plant And Equipment Net	0.96	0.44	-0.21	0.97	0.84		0.69	0.89	0.98	-0.44	0.9	-0.16	-0.65	0.81	-0.35	0.9	0.75	0.95	-0.6	0.96	0.7	0.9	0.74	0.67	0.31	0.77
Net Debt	0.67	0.65	-0.27	0.68	0.46	0.69		0.45	0.69	-0.64	0.59	0.11	-0.5	0.4	-0.12	0.83	0.28	0.72	-0.2	0.8	0.63	0.64	0.46	0.63	0.3	0.4
Retained Earnings	0.87	0.21	-0.02	0.8	0.84	0.89	0.45		0.83	-0.45	0.89	-0.25	-0.75	0.77	-0.53	0.73	0.84	0.78	-0.76	0.79	0.45	0.7	0.54	0.5	0.07	0.88
Accounts Payable	0.94	0.48	-0.24	0.99	0.79	0.98	0.69	0.83		-0.42	0.85	-0.12	-0.61	0.83	-0.32	0.89	0.76	0.95	-0.48	0.96	0.74	0.91	0.84	0.73	0.32	0.71
Cash	-0.28	-0.21	0.31	-0.4	-0.1	-0.44	-0.64	-0.45	-0.42		-0.31	-0.06	0.87	-0.36	0.48	-0.46	-0.3	-0.39	0.55	-0.45	-0.34	-0.1	-0.3	-0.34	0.15	-0.5
Non Current Assets Total	0.95	0.34	0.1	0.85	0.96	0.9	0.59	0.89	0.85	-0.31		-0.37	-0.55	0.64	-0.3	0.79	0.76	0.87	-0.56	0.85	0.41	0.82	0.49	0.54	0.3	0.82
Non Currrent Assets Other	-0.23	0.23	-0.58	-0.21	-0.42	-0.16	0.11	-0.25	-0.12	-0.06	-0.37		0.02	0.03	0.06	0.08	-0.19	-0.28	0.26	-0.04	0.45	-0.1	0.08	0.32	-0.03	-0.31
Cash And Short Term Investments	-0.51	-0.15	0.25	-0.58	-0.36	-0.65	-0.5	-0.75	-0.61	0.87	-0.55	0.02		-0.62	0.62	-0.59	-0.61	-0.54	0.78	-0.61	-0.42	-0.29	-0.45	-0.43	0.16	-0.77
Net Receivables	0.73	0.55	-0.3	0.79	0.56	0.81	0.4	0.77	0.83	-0.36	0.64	0.03	-0.62		-0.7	0.75	0.9	0.7	-0.56	0.79	0.75	0.7	0.78	0.67	0.45	0.73
Common Stock Shares Outstanding	-0.27	-0.38	0.14	-0.27	-0.17	-0.35	-0.12	-0.53	-0.32	0.48	-0.3	0.06	0.62	-0.7		-0.35	-0.71	-0.24	0.65	-0.33	-0.35	-0.09	-0.25	-0.31	-0.31	-0.61
Non Current Liabilities Total	0.89	0.72	-0.28	0.85	0.68	0.9	0.83	0.73	0.89	-0.46	0.79	0.08	-0.59	0.75	-0.35		0.64	0.86	-0.43	0.97	0.8	0.84	0.66	0.79	0.4	0.68
Inventory	0.73	0.4	-0.06	0.72	0.69	0.75	0.28	0.84	0.76	-0.3	0.76	-0.19	-0.61	0.9	-0.71	0.64		0.68	-0.6	0.7	0.49	0.62	0.63	0.62	0.37	0.84
Other Current Assets	0.93	0.47	-0.1	0.96	0.81	0.95	0.72	0.78	0.95	-0.39	0.87	-0.28	-0.54	0.7	-0.24	0.86	0.68		-0.51	0.94	0.63	0.89	0.73	0.66	0.33	0.69
Other Stockholder Equity	-0.48	0.0	0.13	-0.47	-0.45	-0.6	-0.2	-0.76	-0.48	0.55	-0.56	0.26	0.78	-0.56	0.65	-0.43	-0.6	-0.51		-0.46	-0.26	-0.24	-0.23	-0.2	0.03	-0.78
Total Liab	0.94	0.63	-0.24	0.95	0.76	0.96	0.8	0.79	0.96	-0.45	0.85	-0.04	-0.61	0.79	-0.33	0.97	0.7	0.94	-0.46		0.79	0.9	0.76	0.76	0.4	0.71
Property Plant And Equipment Gross	0.6	0.7	-0.61	0.69	0.31	0.7	0.63	0.45	0.74	-0.34	0.41	0.45	-0.42	0.75	-0.35	0.8	0.49	0.63	-0.26	0.79		0.68	0.78	0.79	0.48	0.35
Total Current Assets	0.94	0.52	-0.09	0.91	0.85	0.9	0.64	0.7	0.91	-0.1	0.82	-0.1	-0.29	0.7	-0.09	0.84	0.62	0.89	-0.24	0.9	0.68		0.72	0.64	0.46	0.53
Short Term Debt	0.63	0.44	-0.43	0.83	0.42	0.74	0.46	0.54	0.84	-0.3	0.49	0.08	-0.45	0.78	-0.25	0.66	0.63	0.73	-0.23	0.76	0.78	0.72		0.75	0.26	0.45
Intangible Assets	0.62	0.71	-0.57	0.65	0.42	0.67	0.63	0.5	0.73	-0.34	0.54	0.32	-0.43	0.67	-0.31	0.79	0.62	0.66	-0.2	0.76	0.79	0.64	0.75		0.35	0.45
Common Stock Total Equity	0.36	0.7	-0.07	0.36	0.29	0.31	0.3	0.07	0.32	0.15	0.3	-0.03	0.16	0.45	-0.31	0.4	0.37	0.33	0.03	0.4	0.48	0.46	0.26	0.35		0.18
Common Stock	0.73	0.31	0.03	0.69	0.7	0.77	0.4	0.88	0.71	-0.5	0.82	-0.31	-0.77	0.73	-0.61	0.68	0.84	0.69	-0.78	0.71	0.35	0.53	0.45	0.45	0.18

Click cells to compare fundamentals

Schnitzer Steel Account Relationship Matchups

Schnitzer Steel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.5B	1.8B	1.7B	1.5B	1.6B
Short Long Term Debt Total	229.4M	209.5M	371.9M	365.3M	420.1M	441.1M
Other Current Liab	7.1M	144.3M	132.3M	(120.9M)	(139.1M)	(132.1M)
Total Current Liabilities	223.7M	352.9M	381.6M	323.9M	316.6M	332.4M
Total Stockholder Equity	676.7M	835.8M	954.0M	908.2M	623.1M	414.4M
Property Plant And Equipment Net	627.6M	693.9M	786.5M	822.5M	782.4M	821.5M
Net Debt	211.5M	181.7M	328.1M	359.3M	409.2M	429.7M
Retained Earnings	649.9M	793.7M	941.1M	894.3M	606.4M	636.7M
Accounts Payable	106.7M	179.9M	217.7M	209.4M	202.5M	212.6M
Cash	17.9M	27.8M	43.8M	6.0M	5.6M	5.3M
Non Current Assets Total	867.3M	951.2M	1.2B	1.2B	924.6M	514.2M
Non Currrent Assets Other	(37.2M)	(40.4M)	(37.4M)	(33.5M)	58.7M	30.2M
Cash And Short Term Investments	17.9M	27.8M	43.8M	6.0M	6.9M	6.6M
Net Receivables	139.1M	214.1M	237.7M	210.4M	258.2M	271.1M
Common Stock Shares Outstanding	27.7M	29.2M	29.5M	28.0M	28.0M	25.4M
Liabilities And Stockholders Equity	1.2B	1.5B	1.8B	1.7B	2.0B	2.1B
Non Current Liabilities Total	325.8M	301.7M	486.6M	480.4M	591.5M	621.0M
Inventory	157.3M	256.4M	315.2M	278.6M	293.9M	174.0M
Other Current Assets	48.3M	44.8M	74.7M	55.2M	50.6M	53.1M
Other Stockholder Equity	(1.3B)	49.1M	23.0M	26.0M	29.9M	28.4M
Total Liab	549.5M	654.6M	868.1M	804.3M	908.0M	953.4M
Property Plant And Equipment Gross	627.6M	693.9M	786.5M	822.5M	1.7B	1.8B
Total Current Assets	362.6M	543.1M	671.4M	550.3M	609.1M	639.6M
Accumulated Other Comprehensive Income	(36.9M)	(34.6M)	(37.1M)	(39.7M)	(45.6M)	(47.9M)
Short Term Debt	2.2M	25.1M	27.7M	25.6M	29.5M	31.0M
Intangible Assets	4.6M	4.0M	26.2M	32.5M	42.0M	26.2M
Common Stock Total Equity	26.7M	27.1M	27.5M	26.9M	31.0M	26.7M
Common Stock	27.1M	27.5M	26.9M	27.5M	24.8M	13.5M
Other Liab	87.4M	98.6M	117.3M	142.4M	163.7M	171.9M
Other Assets	48.1M	49.4M	64.2M	63.5M	73.0M	76.7M
Long Term Debt	102.2M	71.3M	242.5M	243.6M	409.1M	429.5M
Good Will	239.7M	257.4M	368.7M	343.1M	13.1M	12.4M
Property Plant Equipment	456.4M	487.0M	693.9M	786.5M	904.5M	949.7M
Current Deferred Revenue	1M	(179.9M)	(217.7M)	(195.7M)	(176.1M)	(167.3M)
Net Tangible Assets	523.2M	502.5M	661.5M	585.3M	673.1M	512.8M
Noncontrolling Interest In Consolidated Entity	4.3M	3.7M	4.0M	4.5M	4.0M	3.6M
Retained Earnings Total Equity	675.4M	649.9M	793.7M	941.1M	847.0M	587.6M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Schnitzer Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC