Solarmax Free Cash Flow Per Share vs Capex To Depreciation Analysis

SMXT Stock

1.48 0.27 22.31%

Solarmax Technology financial indicator trend analysis is much more than just breaking down Solarmax Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solarmax Technology is a good investment. Please check the relationship between Solarmax Technology Free Cash Flow Per Share and its Capex To Depreciation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solarmax Technology Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Free Cash Flow Per Share vs Capex To Depreciation

Free Cash Flow Per Share vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solarmax Technology Free Cash Flow Per Share account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Solarmax Technology's Free Cash Flow Per Share and Capex To Depreciation is -0.34. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Solarmax Technology Common, assuming nothing else is changed. The correlation between historical values of Solarmax Technology's Free Cash Flow Per Share and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Solarmax Technology Common are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Per Share i.e., Solarmax Technology's Free Cash Flow Per Share and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

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Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

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

At this time, Solarmax Technology's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 64.11 in 2024, despite the fact that Tax Provision is likely to grow to (61 K).

	2021	2022	2023	2024 (projected)
Interest Expense	2.0M	1.8M	1.6M	1.7M
Depreciation And Amortization	359.9K	1.4M	1.6M	1.0M

Interest Expense Depreciation And Amortization

Solarmax Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Assets
Total Assets		0.94	-0.66	0.16	0.78	-0.27	-0.67	-0.28	0.73	0.83	0.83	0.89	-0.78	0.83	0.72	0.54	-0.41	0.83	0.6	-0.19	-0.72	0.79	0.99	-0.29	0.74	0.63
Short Long Term Debt Total	0.94		-0.81	-0.11	0.92	-0.41	-0.72	-0.5	0.9	0.66	0.94	0.99	-0.75	0.94	0.5	0.65	-0.63	0.94	0.77	-0.43	-0.88	0.6	0.87	-0.51	0.88	0.71
Other Current Liab	-0.66	-0.81		0.5	-0.93	0.46	0.86	0.72	-0.93	-0.31	-0.91	-0.86	0.75	-0.91	-0.09	-0.4	0.69	-0.82	-0.7	0.65	0.79	-0.11	-0.54	0.61	-0.88	-0.34
Total Current Liabilities	0.16	-0.11	0.5		-0.45	0.67	0.3	0.59	-0.5	0.62	-0.33	-0.17	-0.14	-0.33	0.69	0.01	0.36	-0.38	-0.6	0.78	0.46	0.72	0.28	0.78	-0.49	0.12
Total Stockholder Equity	0.78	0.92	-0.93	-0.45		-0.61	-0.81	-0.74	1.0	0.36	0.98	0.92	-0.63	0.98	0.16	0.61	-0.69	0.94	0.86	-0.59	-0.93	0.26	0.68	-0.71	0.94	0.57
Property Plant And Equipment Net	-0.27	-0.41	0.46	0.67	-0.61		0.55	0.43	-0.61	0.12	-0.48	-0.37	-0.1	-0.48	0.16	-0.24	0.5	-0.65	-0.77	0.69	0.55	0.18	-0.22	0.93	-0.71	-0.19
Current Deferred Revenue	-0.67	-0.72	0.86	0.3	-0.81	0.55		0.54	-0.79	-0.47	-0.77	-0.71	0.7	-0.77	-0.27	-0.3	0.65	-0.71	-0.52	0.49	0.55	-0.23	-0.62	0.53	-0.79	-0.19
Net Debt	-0.28	-0.5	0.72	0.59	-0.74	0.43	0.54		-0.77	0.14	-0.75	-0.53	0.28	-0.75	0.43	-0.66	0.6	-0.51	-0.53	0.35	0.69	0.21	-0.17	0.51	-0.53	-0.43
Retained Earnings	0.73	0.9	-0.93	-0.5	1.0	-0.61	-0.79	-0.77		0.3	0.98	0.91	-0.6	0.98	0.1	0.62	-0.73	0.93	0.86	-0.63	-0.94	0.2	0.63	-0.73	0.94	0.58
Accounts Payable	0.83	0.66	-0.31	0.62	0.36	0.12	-0.47	0.14	0.3		0.43	0.61	-0.74	0.43	0.94	0.32	-0.25	0.43	0.11	0.13	-0.23	0.95	0.87	0.14	0.36	0.45
Cash	0.83	0.94	-0.91	-0.33	0.98	-0.48	-0.77	-0.75	0.98	0.43		0.94	-0.69	1.0	0.22	0.68	-0.66	0.91	0.79	-0.47	-0.93	0.36	0.74	-0.59	0.88	0.64
Non Current Assets Total	0.89	0.99	-0.86	-0.17	0.92	-0.37	-0.71	-0.53	0.91	0.61	0.94		-0.77	0.94	0.44	0.63	-0.68	0.93	0.77	-0.51	-0.88	0.53	0.8	-0.53	0.89	0.7
Non Currrent Assets Other	-0.78	-0.75	0.75	-0.14	-0.63	-0.1	0.7	0.28	-0.6	-0.74	-0.69	-0.77		-0.69	-0.58	-0.25	0.38	-0.56	-0.26	0.17	0.48	-0.57	-0.74	0.01	-0.56	-0.28
Cash And Short Term Investments	0.83	0.94	-0.91	-0.33	0.98	-0.48	-0.77	-0.75	0.98	0.43	1.0	0.94	-0.69		0.22	0.68	-0.66	0.91	0.79	-0.47	-0.93	0.36	0.74	-0.59	0.88	0.64
Net Receivables	0.72	0.5	-0.09	0.69	0.16	0.16	-0.27	0.43	0.1	0.94	0.22	0.44	-0.58	0.22		0.1	-0.02	0.32	0.04	0.17	-0.09	0.93	0.79	0.2	0.24	0.31
Good Will	0.54	0.65	-0.4	0.01	0.61	-0.24	-0.3	-0.66	0.62	0.32	0.68	0.63	-0.25	0.68	0.1		-0.63	0.52	0.46	-0.04	-0.64	0.41	0.48	-0.3	0.44	0.93
Common Stock Shares Outstanding	-0.41	-0.63	0.69	0.36	-0.69	0.5	0.65	0.6	-0.73	-0.25	-0.66	-0.68	0.38	-0.66	-0.02	-0.63		-0.61	-0.54	0.64	0.53	-0.1	-0.28	0.64	-0.71	-0.58
Non Current Liabilities Total	0.83	0.94	-0.82	-0.38	0.94	-0.65	-0.71	-0.51	0.93	0.43	0.91	0.93	-0.56	0.91	0.32	0.52	-0.61		0.93	-0.66	-0.93	0.37	0.74	-0.75	0.97	0.6
Inventory	0.6	0.77	-0.7	-0.6	0.86	-0.77	-0.52	-0.53	0.86	0.11	0.79	0.77	-0.26	0.79	0.04	0.46	-0.54	0.93		-0.75	-0.92	0.1	0.5	-0.88	0.91	0.53
Other Current Assets	-0.19	-0.43	0.65	0.78	-0.59	0.69	0.49	0.35	-0.63	0.13	-0.47	-0.51	0.17	-0.47	0.17	-0.04	0.64	-0.66	-0.75		0.55	0.29	-0.06	0.88	-0.78	-0.11
Other Stockholder Equity	-0.72	-0.88	0.79	0.46	-0.93	0.55	0.55	0.69	-0.94	-0.23	-0.93	-0.88	0.48	-0.93	-0.09	-0.64	0.53	-0.93	-0.92	0.55		-0.24	-0.63	0.69	-0.87	-0.66
Total Liab	0.79	0.6	-0.11	0.72	0.26	0.18	-0.23	0.21	0.2	0.95	0.36	0.53	-0.57	0.36	0.93	0.41	-0.1	0.37	0.1	0.29	-0.24		0.84	0.21	0.24	0.57
Total Current Assets	0.99	0.87	-0.54	0.28	0.68	-0.22	-0.62	-0.17	0.63	0.87	0.74	0.8	-0.74	0.74	0.79	0.48	-0.28	0.74	0.5	-0.06	-0.63	0.84		-0.19	0.64	0.57
Short Term Debt	-0.29	-0.51	0.61	0.78	-0.71	0.93	0.53	0.51	-0.73	0.14	-0.59	-0.53	0.01	-0.59	0.2	-0.3	0.64	-0.75	-0.88	0.88	0.69	0.21	-0.19		-0.83	-0.31
Common Stock	0.74	0.88	-0.88	-0.49	0.94	-0.71	-0.79	-0.53	0.94	0.36	0.88	0.89	-0.56	0.88	0.24	0.44	-0.71	0.97	0.91	-0.78	-0.87	0.24	0.64	-0.83		0.48
Other Assets	0.63	0.71	-0.34	0.12	0.57	-0.19	-0.19	-0.43	0.58	0.45	0.64	0.7	-0.28	0.64	0.31	0.93	-0.58	0.6	0.53	-0.11	-0.66	0.57	0.57	-0.31	0.48

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Solarmax Free Cash Flow Per Share vs Capex To Depreciation Analysis

Free Cash Flow Per Share vs Capex To Depreciation

Free Cash Flow Per Share vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow Per Share

Capex To Depreciation

Solarmax Technology fundamental ratios Correlations

Solarmax Technology Account Relationship Matchups

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Additional Tools for Solarmax Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Short Long Term Debt Total
Cash	+ 0.98	Total Stockholder Equity
Cash And Short Term Investments	+ 0.98	Total Stockholder Equity

Other Stockholder Equity	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.93	Non Current Liabilities Total
Other Stockholder Equity	- 0.93	Cash And Short Term Investments
Other Stockholder Equity	- 0.93	Cash
Other Stockholder Equity	- 0.93	Total Stockholder Equity
Retained Earnings	- 0.93	Other Current Liab