Solarmax Inventory vs Net Debt Analysis

SMXT Stock

1.06 0.02 1.92%

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 Inventory and its Net Debt 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.

Inventory vs Net Debt

Inventory vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solarmax Technology Inventory account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Solarmax Technology's Inventory and Net Debt is -0.53. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Net Debt 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 Inventory and Net 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 Inventory of Solarmax Technology Common are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Inventory i.e., Solarmax Technology's Inventory and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.53

Relationship Direction	Negative
Relationship Strength	Very Weak

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Inventory

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.

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 343.43 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	180.7K	171.6K

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	-0.57	0.16	0.78	-0.27	0.29	-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	-0.42	0.74	0.63
Short Long Term Debt Total	0.94		-0.74	-0.11	0.92	-0.41	0.3	-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	-0.61	0.88	0.71
Other Current Liab	-0.57	-0.74		0.53	-0.88	0.44	0.28	0.72	-0.89	-0.26	-0.85	-0.79	0.73	-0.85	-0.03	-0.35	0.73	-0.75	-0.62	0.66	0.71	-0.03	-0.45	0.57	-0.83	-0.26
Total Current Liabilities	0.16	-0.11	0.53		-0.45	0.67	0.28	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	0.71	-0.49	0.12
Total Stockholder Equity	0.78	0.92	-0.88	-0.45		-0.61	0.11	-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	-0.76	0.94	0.57
Property Plant And Equipment Net	-0.27	-0.41	0.44	0.67	-0.61		0.12	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	0.91	-0.71	-0.19
Current Deferred Revenue	0.29	0.3	0.28	0.28	0.11	0.12		-0.03	0.11	0.18	0.19	0.27	0.11	0.19	0.2	0.61	0.0	0.23	0.28	0.19	-0.38	0.45	0.28	-0.13	0.04	0.78
Net Debt	-0.28	-0.5	0.72	0.59	-0.74	0.43	-0.03		-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	0.5	-0.53	-0.43
Retained Earnings	0.73	0.9	-0.89	-0.5	1.0	-0.61	0.11	-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	-0.78	0.94	0.58
Accounts Payable	0.83	0.66	-0.26	0.62	0.36	0.12	0.18	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	0.05	0.36	0.45
Cash	0.83	0.94	-0.85	-0.33	0.98	-0.48	0.19	-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	-0.66	0.88	0.64
Non Current Assets Total	0.89	0.99	-0.79	-0.17	0.92	-0.37	0.27	-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	-0.61	0.89	0.7
Non Currrent Assets Other	-0.78	-0.75	0.73	-0.14	-0.63	-0.1	0.11	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	0.07	-0.56	-0.28
Cash And Short Term Investments	0.83	0.94	-0.85	-0.33	0.98	-0.48	0.19	-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	-0.66	0.88	0.64
Net Receivables	0.72	0.5	-0.03	0.69	0.16	0.16	0.2	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	0.1	0.24	0.31
Good Will	0.54	0.65	-0.35	0.01	0.61	-0.24	0.61	-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	-0.37	0.44	0.93
Common Stock Shares Outstanding	-0.41	-0.63	0.73	0.36	-0.69	0.5	0.0	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	0.58	-0.71	-0.58
Non Current Liabilities Total	0.83	0.94	-0.75	-0.38	0.94	-0.65	0.23	-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	-0.84	0.97	0.6
Inventory	0.6	0.77	-0.62	-0.6	0.86	-0.77	0.28	-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	-0.95	0.91	0.53
Other Current Assets	-0.19	-0.43	0.66	0.78	-0.59	0.69	0.19	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	0.83	-0.78	-0.11
Other Stockholder Equity	-0.72	-0.88	0.71	0.46	-0.93	0.55	-0.38	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	0.79	-0.87	-0.66
Total Liab	0.79	0.6	-0.03	0.72	0.26	0.18	0.45	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	0.08	0.24	0.57
Total Current Assets	0.99	0.87	-0.45	0.28	0.68	-0.22	0.28	-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		-0.32	0.64	0.57
Short Term Debt	-0.42	-0.61	0.57	0.71	-0.76	0.91	-0.13	0.5	-0.78	0.05	-0.66	-0.61	0.07	-0.66	0.1	-0.37	0.58	-0.84	-0.95	0.83	0.79	0.08	-0.32		-0.86	-0.4
Common Stock	0.74	0.88	-0.83	-0.49	0.94	-0.71	0.04	-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	-0.86		0.48
Other Assets	0.63	0.71	-0.26	0.12	0.57	-0.19	0.78	-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	-0.4	0.48

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Solarmax Inventory vs Net Debt Analysis

Inventory vs Net Debt

Inventory vs Net Debt Correlation Analysis

Correlation Coefficient

Inventory

Net Debt

Solarmax Technology fundamental ratios Correlations

Solarmax Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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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

Short Term Debt	- 0.95	Inventory
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