| SNGX Stock | | | USD 3.31 0.05 1.49% |
Soligenix financial indicator trend analysis is much more than just breaking down Soligenix prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Soligenix is a good investment. Please check the relationship between Soligenix Cash and its Long Term Debt accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Soligenix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Soligenix Stock please use our
How to Invest in Soligenix guide.
Cash vs Long Term Debt
Cash vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Soligenix Cash account and
Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Soligenix's Cash and Long Term Debt is 0.89. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Soligenix, assuming nothing else is changed. The correlation between historical values of Soligenix's Cash 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 Cash of Soligenix 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 Cash i.e., Soligenix's Cash and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.89 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Soligenix, which is listed under current asset account on Soligenix balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Soligenix customers. The amounts must be unrestricted with restricted cash listed in a different Soligenix account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Long Term Debt
Long-term debt is a debt that Soligenix has held for over one year. Long-term debt appears on Soligenix 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 Soligenix 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 Soligenix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Soligenix 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 Soligenix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Soligenix Stock please use our
How to Invest in Soligenix guide.
Selling General Administrative is likely to drop to about 4.3
M in 2024.
Tax Provision is likely to rise to about (1.1
M) in 2024
Soligenix fundamental ratios Correlations
Click cells to compare fundamentals
Soligenix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Soligenix fundamental ratios Accounts
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Additional Tools for Soligenix Stock Analysis
When running Soligenix's price analysis, check to
measure Soligenix'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 Soligenix is operating at the current time. Most of Soligenix's value examination focuses on studying past and present price action to
predict the probability of Soligenix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Soligenix's price. Additionally, you may evaluate how the addition of Soligenix to your portfolios can decrease your overall portfolio volatility.