Slate Net Debt vs Net Invested Capital Analysis

SGR-U Stock

USD 10.58 0.17 1.63%

Slate Grocery financial indicator trend analysis is much more than just breaking down Slate Grocery REIT prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Slate Grocery REIT is a good investment. Please check the relationship between Slate Grocery Net Debt and its Net Invested Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Slate Grocery REIT. 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 Net Invested Capital

Net Debt vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Slate Grocery REIT Net Debt account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Slate Grocery's Net Debt and Net Invested Capital is 0.75. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Slate Grocery REIT, assuming nothing else is changed. The correlation between historical values of Slate Grocery's Net Debt and Net Invested Capital 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 Slate Grocery REIT are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Debt i.e., Slate Grocery's Net Debt and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

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.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Slate Grocery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Slate Grocery REIT 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 Slate Grocery REIT. 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.

Selling General Administrative is likely to gain to about 9.5 M in 2024, whereas Tax Provision is likely to drop slightly above 1.2 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	100.9M	127.4M	130.5M	116.8M
Total Revenue	138.3M	177.5M	203.3M	164.9M

Gross Profit Total Revenue

Slate Grocery fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Net Working Capital	Property Plant Equipment
Total Assets		0.9	0.71	0.67	0.95	0.7	0.97	0.96	0.75	0.91	1.0	-0.25	-0.69	0.66	-0.57	0.9	-0.14	-0.17	0.43	0.23	0.84	0.68	0.93	-0.42	-0.68	0.96
Other Current Liab	0.9		0.72	0.88	0.97	0.92	0.83	0.78	0.86	0.79	0.9	-0.08	-0.61	0.37	-0.76	0.91	-0.47	-0.02	0.06	-0.16	0.96	0.69	0.85	-0.71	-0.72	0.9
Total Current Liabilities	0.71	0.72		0.65	0.7	0.68	0.71	0.5	0.73	0.84	0.71	-0.12	-0.58	0.19	-0.58	0.67	-0.55	-0.3	0.24	-0.07	0.74	1.0	0.63	-0.58	-1.0	0.71
Total Stockholder Equity	0.67	0.88	0.65		0.77	0.99	0.54	0.51	0.92	0.58	0.66	0.19	-0.39	0.16	-0.86	0.8	-0.78	0.24	-0.28	-0.57	0.96	0.61	0.65	-0.95	-0.64	0.62
Other Liab	0.95	0.97	0.7	0.77		0.83	0.87	0.87	0.8	0.83	0.95	-0.08	-0.57	0.42	-0.71	0.91	-0.3	-0.02	0.18	0.02	0.89	0.68	0.92	-0.56	-0.7	0.96
Net Tangible Assets	0.7	0.92	0.68	0.99	0.83		0.59	0.54	0.93	0.6	0.7	0.17	-0.4	0.13	-0.85	0.81	-0.75	0.2	-0.25	-0.52	0.97	0.64	0.69	-0.92	-0.68	0.69
Net Debt	0.97	0.83	0.71	0.54	0.87	0.59		0.92	0.67	0.9	0.97	-0.45	-0.8	0.72	-0.37	0.79	-0.04	-0.38	0.6	0.35	0.75	0.69	0.85	-0.3	-0.69	0.95
Retained Earnings	0.96	0.78	0.5	0.51	0.87	0.54	0.92		0.6	0.82	0.96	-0.27	-0.62	0.76	-0.44	0.82	0.09	-0.12	0.5	0.38	0.7	0.48	0.89	-0.23	-0.47	0.9
Accounts Payable	0.75	0.86	0.73	0.92	0.8	0.93	0.67	0.6		0.65	0.75	0.18	-0.37	0.26	-0.73	0.77	-0.68	0.18	-0.02	-0.39	0.94	0.71	0.77	-0.84	-0.72	0.72
Cash	0.91	0.79	0.84	0.58	0.83	0.6	0.9	0.82	0.65		0.91	-0.27	-0.71	0.62	-0.57	0.88	-0.19	-0.27	0.43	0.26	0.75	0.82	0.84	-0.37	-0.8	0.85
Non Current Assets Total	1.0	0.9	0.71	0.66	0.95	0.7	0.97	0.96	0.75	0.91		-0.26	-0.7	0.66	-0.56	0.89	-0.14	-0.18	0.43	0.23	0.84	0.68	0.93	-0.42	-0.68	0.96
Non Currrent Assets Other	-0.25	-0.08	-0.12	0.19	-0.08	0.17	-0.45	-0.27	0.18	-0.27	-0.26		0.81	-0.52	-0.45	0.0	-0.39	0.92	-0.7	-0.54	0.0	-0.13	0.05	-0.3	0.14	-0.24
Other Assets	-0.69	-0.61	-0.58	-0.39	-0.57	-0.4	-0.8	-0.62	-0.37	-0.71	-0.7	0.81		-0.64	0.14	-0.54	0.05	0.73	-0.56	-0.27	-0.56	-0.57	-0.41	0.23	0.58	-0.64
Long Term Debt	0.66	0.37	0.19	0.16	0.42	0.13	0.72	0.76	0.26	0.62	0.66	-0.52	-0.64		0.0	0.54	0.36	-0.29	0.66	0.55	0.35	0.16	0.57	0.09	-0.13	0.51
Net Receivables	-0.57	-0.76	-0.58	-0.86	-0.71	-0.85	-0.37	-0.44	-0.73	-0.57	-0.56	-0.45	0.14	0.0		-0.8	0.7	-0.46	0.46	0.5	-0.8	-0.55	-0.63	0.81	0.57	-0.51
Common Stock Shares Outstanding	0.9	0.91	0.67	0.8	0.91	0.81	0.79	0.82	0.77	0.88	0.89	0.0	-0.54	0.54	-0.8		-0.35	0.1	0.06	-0.04	0.89	0.63	0.9	-0.6	-0.64	0.82
Non Current Liabilities Total	-0.14	-0.47	-0.55	-0.78	-0.3	-0.75	-0.04	0.09	-0.68	-0.19	-0.14	-0.39	0.05	0.36	0.7	-0.35		-0.28	0.57	0.87	-0.63	-0.53	-0.14	0.93	0.56	-0.12
Other Current Assets	-0.17	-0.02	-0.3	0.24	-0.02	0.2	-0.38	-0.12	0.18	-0.27	-0.18	0.92	0.73	-0.29	-0.46	0.1	-0.28		-0.7	-0.51	0.06	-0.32	0.12	-0.29	0.32	-0.21
Other Stockholder Equity	0.43	0.06	0.24	-0.28	0.18	-0.25	0.6	0.5	-0.02	0.43	0.43	-0.7	-0.56	0.66	0.46	0.06	0.57	-0.7		0.83	-0.03	0.26	0.28	0.47	-0.22	0.42
Total Liab	0.23	-0.16	-0.07	-0.57	0.02	-0.52	0.35	0.38	-0.39	0.26	0.23	-0.54	-0.27	0.55	0.5	-0.04	0.87	-0.51	0.83		-0.34	-0.05	0.18	0.78	0.1	0.24
Net Invested Capital	0.84	0.96	0.74	0.96	0.89	0.97	0.75	0.7	0.94	0.75	0.84	0.0	-0.56	0.35	-0.8	0.89	-0.63	0.06	-0.03	-0.34		0.7	0.79	-0.84	-0.73	0.79
Short Long Term Debt	0.68	0.69	1.0	0.61	0.68	0.64	0.69	0.48	0.71	0.82	0.68	-0.13	-0.57	0.16	-0.55	0.63	-0.53	-0.32	0.26	-0.05	0.7		0.6	-0.55	-1.0	0.69
Total Current Assets	0.93	0.85	0.63	0.65	0.92	0.69	0.85	0.89	0.77	0.84	0.93	0.05	-0.41	0.57	-0.63	0.9	-0.14	0.12	0.28	0.18	0.79	0.6		-0.41	-0.59	0.91
Non Current Liabilities Other	-0.42	-0.71	-0.58	-0.95	-0.56	-0.92	-0.3	-0.23	-0.84	-0.37	-0.42	-0.3	0.23	0.09	0.81	-0.6	0.93	-0.29	0.47	0.78	-0.84	-0.55	-0.41		0.58	-0.38
Net Working Capital	-0.68	-0.72	-1.0	-0.64	-0.7	-0.68	-0.69	-0.47	-0.72	-0.8	-0.68	0.14	0.58	-0.13	0.57	-0.64	0.56	0.32	-0.22	0.1	-0.73	-1.0	-0.59	0.58		-0.71
Property Plant Equipment	0.96	0.9	0.71	0.62	0.96	0.69	0.95	0.9	0.72	0.85	0.96	-0.24	-0.64	0.51	-0.51	0.82	-0.12	-0.21	0.42	0.24	0.79	0.69	0.91	-0.38	-0.71

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Slate Grocery Account Relationship Matchups

Slate Grocery fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	1.3B	1.7B	2.3B	2.2B	1.9B
Other Current Liab	13.3M	11.8M	21.6M	26.5M	30.4M	17.6M
Total Current Liabilities	105.2M	30.9M	52.4M	134.7M	348.9M	366.4M
Total Stockholder Equity	403.4M	452.7M	619.0M	740.5M	687.4M	532.5M
Other Liab	65.0M	72.3M	109.9M	154.9M	178.2M	97.0M
Net Tangible Assets	403.4M	452.7M	619.0M	740.5M	851.6M	495.2M
Net Debt	787.0M	724.0M	923.7M	1.1B	1.1B	1.0B
Retained Earnings	8.7M	14.4M	57.1M	133.3M	96.8M	58.1M
Accounts Payable	11.4M	13.7M	12.8M	16.3M	16.7M	15.1M
Cash	2.4M	2.4M	14.0M	20.4M	23.6M	24.8M
Non Current Assets Total	1.3B	1.3B	1.7B	2.2B	2.2B	1.8B
Other Assets	2.3M	6.3M	1.4M	1.2M	1.1M	1.0M
Long Term Debt	708.9M	721.3M	929.2M	1.0B	859.6M	944.0M
Net Receivables	12.1M	4.3M	5.6M	6.1M	6.3M	8.7M
Common Stock Shares Outstanding	41.0M	47.4M	58.8M	60.4M	59.3M	55.5M
Non Current Liabilities Total	806.5M	839.9M	1.1B	1.2B	1.0B	835.2M
Other Current Assets	2.9M	21.0M	7.7M	9.2M	1.8M	1.8M
Other Stockholder Equity	(12.8M)	(25.3M)	(14.7M)	10.5M	9.4M	9.9M
Total Liab	911.7M	870.8M	1.1B	1.3B	1.4B	1.3B
Net Invested Capital	1.2B	1.2B	1.6B	1.9B	1.8B	1.6B
Short Long Term Debt	80.5M	5.1M	8.5M	91.9M	302.1M	317.2M
Total Current Assets	17.4M	36.6M	39.8M	55.9M	57.7M	42.0M
Non Current Liabilities Other	13.7M	12.3M	15.4M	14.9M	13.4M	12.7M
Net Working Capital	(87.7M)	5.7M	(12.7M)	(78.7M)	(291.2M)	(276.6M)
Property Plant Equipment	1.3B	1.3B	1.6B	2.1B	2.4B	1.7B
Capital Stock	407.6M	463.6M	576.5M	596.7M	584.8M	558.8M
Common Stock	407.6M	463.6M	576.5M	596.7M	686.2M	541.9M

Pair Trading with Slate Grocery

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

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

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

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

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Slate Net Debt vs Net Invested Capital Analysis

Net Debt vs Net Invested Capital

Net Debt vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Net Debt

Net Invested Capital

Slate Grocery fundamental ratios Correlations

Slate Grocery Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Slate Grocery fundamental ratios Accounts

Pair Trading with Slate Grocery

Additional Tools for Slate Stock Analysis

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Short Long Term Debt	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Net Debt	+ 0.97	Total Assets
Other Liab	+ 0.97	Other Current Liab
Net Invested Capital	+ 0.97	Net Tangible Assets

Net Working Capital	- 1.0	Short Long Term Debt
Net Working Capital	- 1.0	Total Current Liabilities
Non Current Liabilities Other	- 0.95	Total Stockholder Equity
Non Current Liabilities Other	- 0.92	Net Tangible Assets
Net Receivables	- 0.86	Total Stockholder Equity
Net Receivables	- 0.85	Net Tangible Assets