| SAGA Stock | | | 113.80 3.00 2.71% |
Saga Plc financial indicator trend analysis is much more than just breaking down Saga plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Saga plc is a good investment. Please check the relationship between Saga Plc Total Stockholder Equity and its Long Term Debt accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Saga plc. 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.
Total Stockholder Equity vs Long Term Debt
Total Stockholder Equity vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Saga plc Total Stockholder Equity account and
Long Term Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Saga Plc's Total Stockholder Equity and Long Term Debt is 0.19. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Saga plc, assuming nothing else is changed. The correlation between historical values of Saga Plc's Total Stockholder Equity and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Saga plc are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Stockholder Equity i.e., Saga Plc's Total Stockholder Equity and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.19 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Long Term Debt
Long-term debt is a debt that Saga plc has held for over one year. Long-term debt appears on Saga plc balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Saga plc balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from Saga Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Saga plc 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 Saga plc. 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 gain to about 486.6
M in 2024, whereas
Discontinued Operations is likely to drop (9.2
M) in 2024.
Saga Plc fundamental ratios Correlations
Click cells to compare fundamentals
Saga Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Saga Plc fundamental ratios Accounts
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Additional Tools for Saga Stock Analysis
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