Summit Short Term Investments vs Other Current Liab Analysis

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Summit Environmental financial indicator trend analysis is much more than just breaking down Summit Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Summit Environmental is a good investment. Please check the relationship between Summit Environmental Short Term Investments and its Other Current Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Environmental. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Summit Stock please use our How to Invest in Summit Environmental guide.

Short Term Investments vs Other Current Liab

Short Term Investments vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Summit Environmental Short Term Investments account and Other Current Liab. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Summit Environmental's Short Term Investments and Other Current Liab is -0.37. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Summit Environmental, assuming nothing else is changed. The correlation between historical values of Summit Environmental's Short Term Investments and Other Current Liab 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 Term Investments of Summit Environmental are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Short Term Investments i.e., Summit Environmental's Short Term Investments and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

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Short Term Investments

Short Term Investments is an item under the current assets section of Summit Environmental balance sheet. It contains any investments Summit Environmental undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Summit Environmental can easily liquidate in the marketplace.

Other Current Liab

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

For more information on how to buy Summit Stock please use our How to Invest in Summit Environmental guide.Selling General Administrative is likely to gain to about 4 M in 2024

	2010	2011	2023	2024 (projected)
Cost Of Revenue	39K	1.3M	1.5M	1.6M
Research Development	19K	42K	48.3K	33.7K

Cost Of Revenue Research Development

Summit Environmental fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Other Assets	Long Term Debt	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Treasury Stock	Net Tangible Assets	Retained Earnings	Net Receivables	Other Stockholder Equity	Short Long Term Debt	Total Current Assets	Short Term Debt	Short Term Investments
Total Assets		-0.86	-0.88	0.94	-0.87	0.95	0.53	-0.12	0.95	-0.44	-0.87	0.99	-0.99	-0.83	-0.06	0.96	0.94	-0.84	-0.12	-1.0	0.93	-1.0	-0.12
Other Current Liab	-0.86		1.0	-0.97	1.0	-0.96	-0.87	-0.37	-0.96	0.83	1.0	-0.91	0.83	1.0	0.35	-0.94	-0.89	0.98	-0.37	0.86	-0.98	0.86	-0.37
Total Current Liabilities	-0.88	1.0		-0.98	1.0	-0.97	-0.85	-0.34	-0.97	0.82	1.0	-0.92	0.84	0.99	0.32	-0.95	-0.9	0.97	-0.34	0.87	-0.98	0.87	-0.34
Total Stockholder Equity	0.94	-0.97	-0.98		-0.97	1.0	0.72	0.14	1.0	-0.7	-0.98	0.97	-0.9	-0.95	-0.13	1.0	0.97	-0.92	0.14	-0.93	1.0	-0.93	0.14
Accounts Payable	-0.87	1.0	1.0	-0.97		-0.96	-0.86	-0.36	-0.96	0.83	1.0	-0.92	0.83	1.0	0.34	-0.94	-0.89	0.98	-0.36	0.86	-0.98	0.86	-0.36
Cash	0.95	-0.96	-0.97	1.0	-0.96		0.69	0.1	1.0	-0.68	-0.97	0.97	-0.9	-0.94	-0.1	1.0	0.98	-0.9	0.1	-0.94	1.0	-0.94	0.1
Other Assets	0.53	-0.87	-0.85	0.72	-0.86	0.69		0.77	0.7	-0.92	-0.85	0.62	-0.54	-0.9	-0.72	0.64	0.54	-0.91	0.77	-0.54	0.74	-0.54	0.77
Long Term Debt	-0.12	-0.37	-0.34	0.14	-0.36	0.1	0.77		0.11	-0.76	-0.35	-0.01	0.11	-0.43	-0.8	0.04	-0.07	-0.44	1.0	0.11	0.17	0.11	1.0
Inventory	0.95	-0.96	-0.97	1.0	-0.96	1.0	0.7	0.11		-0.69	-0.97	0.97	-0.9	-0.94	-0.11	1.0	0.98	-0.91	0.11	-0.94	1.0	-0.94	0.11
Other Current Assets	-0.44	0.83	0.82	-0.7	0.83	-0.68	-0.92	-0.76	-0.69		0.82	-0.54	0.38	0.86	0.47	-0.64	-0.58	0.8	-0.76	0.43	-0.73	0.43	-0.76
Total Liab	-0.87	1.0	1.0	-0.98	1.0	-0.97	-0.85	-0.35	-0.97	0.82		-0.92	0.84	1.0	0.32	-0.95	-0.9	0.97	-0.35	0.87	-0.98	0.87	-0.35
Intangible Assets	0.99	-0.91	-0.92	0.97	-0.92	0.97	0.62	-0.01	0.97	-0.54	-0.92		-0.98	-0.89	-0.13	0.98	0.95	-0.89	-0.01	-0.99	0.96	-0.99	-0.01
Common Stock	-0.99	0.83	0.84	-0.9	0.83	-0.9	-0.54	0.11	-0.9	0.38	0.84	-0.98		0.8	0.17	-0.91	-0.87	0.84	0.11	0.99	-0.89	0.99	0.11
Property Plant Equipment	-0.83	1.0	0.99	-0.95	1.0	-0.94	-0.9	-0.43	-0.94	0.86	1.0	-0.89	0.8		0.4	-0.92	-0.86	0.98	-0.43	0.83	-0.96	0.83	-0.43
Treasury Stock	-0.06	0.35	0.32	-0.13	0.34	-0.1	-0.72	-0.8	-0.11	0.47	0.32	-0.13	0.17	0.4		-0.05	0.11	0.52	-0.8	0.1	-0.17	0.1	-0.8
Net Tangible Assets	0.96	-0.94	-0.95	1.0	-0.94	1.0	0.64	0.04	1.0	-0.64	-0.95	0.98	-0.91	-0.92	-0.05		0.99	-0.88	0.04	-0.95	0.99	-0.95	0.04
Retained Earnings	0.94	-0.89	-0.9	0.97	-0.89	0.98	0.54	-0.07	0.98	-0.58	-0.9	0.95	-0.87	-0.86	0.11	0.99		-0.8	-0.07	-0.92	0.96	-0.92	-0.07
Net Receivables	-0.84	0.98	0.97	-0.92	0.98	-0.9	-0.91	-0.44	-0.91	0.8	0.97	-0.89	0.84	0.98	0.52	-0.88	-0.8		-0.44	0.84	-0.93	0.84	-0.44
Other Stockholder Equity	-0.12	-0.37	-0.34	0.14	-0.36	0.1	0.77	1.0	0.11	-0.76	-0.35	-0.01	0.11	-0.43	-0.8	0.04	-0.07	-0.44		0.11	0.17	0.11	1.0
Short Long Term Debt	-1.0	0.86	0.87	-0.93	0.86	-0.94	-0.54	0.11	-0.94	0.43	0.87	-0.99	0.99	0.83	0.1	-0.95	-0.92	0.84	0.11		-0.92	1.0	0.11
Total Current Assets	0.93	-0.98	-0.98	1.0	-0.98	1.0	0.74	0.17	1.0	-0.73	-0.98	0.96	-0.89	-0.96	-0.17	0.99	0.96	-0.93	0.17	-0.92		-0.92	0.17
Short Term Debt	-1.0	0.86	0.87	-0.93	0.86	-0.94	-0.54	0.11	-0.94	0.43	0.87	-0.99	0.99	0.83	0.1	-0.95	-0.92	0.84	0.11	1.0	-0.92		0.11
Short Term Investments	-0.12	-0.37	-0.34	0.14	-0.36	0.1	0.77	1.0	0.11	-0.76	-0.35	-0.01	0.11	-0.43	-0.8	0.04	-0.07	-0.44	1.0	0.11	0.17	0.11

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Summit Short Term Investments vs Other Current Liab Analysis

Short Term Investments vs Other Current Liab

Short Term Investments vs Other Current Liab Correlation Analysis

Correlation Coefficient

Short Term Investments

Other Current Liab

Summit Environmental fundamental ratios Correlations

Summit Environmental Account Relationship Matchups

High Positive Relationship

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Total Current Liabilities	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Other Current Liab
Property Plant Equipment	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities

Short Term Debt	- 1.0	Total Assets
Short Long Term Debt	- 1.0	Total Assets
Short Term Debt	- 0.99	Intangible Assets
Short Long Term Debt	- 0.99	Intangible Assets
Common Stock	- 0.99	Total Assets
Common Stock	- 0.98	Intangible Assets