SOCO Short Long Term Debt Total vs Total Assets Analysis

SOC Stock

0.11 0.02 22.22%

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

Short Long Term Debt Total vs Total Assets

Short Long Term Debt Total vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SOCO Short Long Term Debt Total account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between SOCO's Short Long Term Debt Total and Total Assets is 0.91. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Total Assets in the same time period over historical financial statements of SOCO Corporation, assuming nothing else is changed. The correlation between historical values of SOCO's Short Long Term Debt Total and Total Assets 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 Long Term Debt Total of SOCO Corporation are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Long Term Debt Total i.e., SOCO's Short Long Term Debt Total and Total Assets go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

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Short Long Term Debt Total

Total Assets

Total assets refers to the total amount of SOCO assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in SOCO books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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

Tax Provision is likely to gain to about (214.7 K) in 2024. Selling General Administrative is likely to drop to about 3.5 M in 2024

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	139.6K	300.7K	712.4K	748.0K
Interest Income	8.8K	41.1K	65.7K	69.0K

Depreciation And Amortization Interest Income

SOCO fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Long Term Debt Total	Other Current Assets	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Non Current Assets Total	Other Assets	Non Current Liabilities Total	Capital Lease Obligations	Net Invested Capital
Total Assets		0.99	0.99	-0.61	0.59	0.6	0.81	-0.02	-0.84	0.85	0.98	0.74	0.92	0.98	-0.8	0.91	0.87	0.91	0.88	-0.2	-0.14	0.93	0.82	0.93	0.92	0.89
Total Current Liabilities	0.99		0.97	-0.54	0.53	0.55	0.84	-0.04	-0.8	0.81	0.99	0.7	0.92	0.95	-0.84	0.92	0.87	0.95	0.83	-0.15	-0.01	0.94	0.75	0.94	0.94	0.87
Total Stockholder Equity	0.99	0.97		-0.59	0.68	0.69	0.8	-0.02	-0.87	0.89	0.95	0.81	0.87	0.99	-0.79	0.86	0.88	0.85	0.92	-0.31	-0.23	0.88	0.86	0.88	0.86	0.91
Retained Earnings	-0.61	-0.54	-0.59		-0.1	-0.11	-0.17	-0.3	0.42	-0.4	-0.61	-0.15	-0.75	-0.7	0.06	-0.74	-0.4	-0.53	-0.52	-0.23	0.45	-0.73	-0.62	-0.72	-0.68	-0.45
Cash	0.59	0.53	0.68	-0.1		1.0	0.55	-0.04	-0.69	0.81	0.44	0.96	0.23	0.62	-0.64	0.22	0.67	0.27	0.81	-0.9	-0.45	0.26	0.73	0.26	0.23	0.74
Cash And Short Term Investments	0.6	0.55	0.69	-0.11	1.0		0.56	-0.04	-0.69	0.82	0.46	0.96	0.24	0.63	-0.65	0.23	0.69	0.28	0.82	-0.9	-0.45	0.27	0.74	0.28	0.24	0.75
Net Receivables	0.81	0.84	0.8	-0.17	0.55	0.56		-0.14	-0.73	0.86	0.8	0.76	0.67	0.73	-0.92	0.67	0.93	0.77	0.8	-0.27	0.24	0.69	0.72	0.7	0.71	0.89
Common Stock Shares Outstanding	-0.02	-0.04	-0.02	-0.3	-0.04	-0.04	-0.14		0.47	0.12	-0.01	-0.07	0.03	0.03	-0.02	0.03	0.14	0.08	0.08	-0.04	0.14	0.04	0.07	0.04	0.05	0.12
Long Term Debt Total	-0.84	-0.8	-0.87	0.42	-0.69	-0.69	-0.73	0.47		-0.76	-0.77	-0.78	-0.68	-0.84	0.61	-0.66	-0.71	-0.6	-0.82	0.34	0.41	-0.68	-0.81	-0.68	-0.65	-0.77
Other Current Assets	0.85	0.81	0.89	-0.4	0.81	0.82	0.86	0.12	-0.76		0.77	0.92	0.63	0.85	-0.83	0.62	0.97	0.65	0.98	-0.56	-0.17	0.65	0.93	0.65	0.63	0.99
Total Liab	0.98	0.99	0.95	-0.61	0.44	0.46	0.8	-0.01	-0.77	0.77		0.62	0.96	0.95	-0.78	0.96	0.84	0.97	0.79	-0.04	0.0	0.97	0.73	0.98	0.97	0.83
Total Current Assets	0.74	0.7	0.81	-0.15	0.96	0.96	0.76	-0.07	-0.78	0.92	0.62		0.41	0.74	-0.81	0.4	0.84	0.47	0.9	-0.79	-0.27	0.44	0.81	0.45	0.43	0.88
Intangible Assets	0.92	0.92	0.87	-0.75	0.23	0.24	0.67	0.03	-0.68	0.63	0.96	0.41		0.9	-0.6	1.0	0.71	0.95	0.68	0.2	-0.02	1.0	0.66	1.0	0.99	0.71
Common Stock	0.98	0.95	0.99	-0.7	0.62	0.63	0.73	0.03	-0.84	0.85	0.95	0.74	0.9		-0.71	0.89	0.85	0.85	0.91	-0.23	-0.29	0.91	0.87	0.91	0.88	0.89
Property Plant Equipment	-0.8	-0.84	-0.79	0.06	-0.64	-0.65	-0.92	-0.02	0.61	-0.83	-0.78	-0.81	-0.6	-0.71		-0.6	-0.89	-0.78	-0.75	0.42	-0.29	-0.63	-0.59	-0.65	-0.66	-0.84
Short Long Term Debt Total	0.91	0.92	0.86	-0.74	0.22	0.23	0.67	0.03	-0.66	0.62	0.96	0.4	1.0	0.89	-0.6		0.71	0.95	0.66	0.21	0.01	1.0	0.64	1.0	1.0	0.7
Other Current Liab	0.87	0.87	0.88	-0.4	0.67	0.69	0.93	0.14	-0.71	0.97	0.84	0.84	0.71	0.85	-0.89	0.71		0.77	0.94	-0.39	0.04	0.74	0.87	0.74	0.73	0.99
Property Plant And Equipment Net	0.91	0.95	0.85	-0.53	0.27	0.28	0.77	0.08	-0.6	0.65	0.97	0.47	0.95	0.85	-0.78	0.95	0.77		0.65	0.12	0.23	0.96	0.57	0.96	0.98	0.73
Current Deferred Revenue	0.88	0.83	0.92	-0.52	0.81	0.82	0.8	0.08	-0.82	0.98	0.79	0.9	0.68	0.91	-0.75	0.66	0.94	0.65		-0.53	-0.31	0.69	0.97	0.69	0.66	0.98
Net Debt	-0.2	-0.15	-0.31	-0.23	-0.9	-0.9	-0.27	-0.04	0.34	-0.56	-0.04	-0.79	0.2	-0.23	0.42	0.21	-0.39	0.12	-0.53		0.38	0.17	-0.43	0.16	0.19	-0.45
Accounts Payable	-0.14	-0.01	-0.23	0.45	-0.45	-0.45	0.24	0.14	0.41	-0.17	0.0	-0.27	-0.02	-0.29	-0.29	0.01	0.04	0.23	-0.31	0.38		0.0	-0.42	0.01	0.08	-0.1
Non Current Assets Total	0.93	0.94	0.88	-0.73	0.26	0.27	0.69	0.04	-0.68	0.65	0.97	0.44	1.0	0.91	-0.63	1.0	0.74	0.96	0.69	0.17	0.0		0.67	1.0	1.0	0.73
Other Assets	0.82	0.75	0.86	-0.62	0.73	0.74	0.72	0.07	-0.81	0.93	0.73	0.81	0.66	0.87	-0.59	0.64	0.87	0.57	0.97	-0.43	-0.42	0.67		0.67	0.63	0.93
Non Current Liabilities Total	0.93	0.94	0.88	-0.72	0.26	0.28	0.7	0.04	-0.68	0.65	0.98	0.45	1.0	0.91	-0.65	1.0	0.74	0.96	0.69	0.16	0.01	1.0	0.67		1.0	0.73
Capital Lease Obligations	0.92	0.94	0.86	-0.68	0.23	0.24	0.71	0.05	-0.65	0.63	0.97	0.43	0.99	0.88	-0.66	1.0	0.73	0.98	0.66	0.19	0.08	1.0	0.63	1.0		0.72
Net Invested Capital	0.89	0.87	0.91	-0.45	0.74	0.75	0.89	0.12	-0.77	0.99	0.83	0.88	0.71	0.89	-0.84	0.7	0.99	0.73	0.98	-0.45	-0.1	0.73	0.93	0.73	0.72

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SOCO Short Long Term Debt Total vs Total Assets Analysis

Short Long Term Debt Total vs Total Assets

Short Long Term Debt Total vs Total Assets Correlation Analysis

Correlation Coefficient

Short Long Term Debt Total

Total Assets

SOCO fundamental ratios Correlations

SOCO Account Relationship Matchups

High Positive Relationship

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Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 1.0	Intangible Assets
Non Current Assets Total	+ 1.0	Intangible Assets
Non Current Liabilities Total	+ 1.0	Intangible Assets
Non Current Assets Total	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total

Property Plant Equipment	- 0.92	Net Receivables
Net Debt	- 0.9	Cash And Short Term Investments
Net Debt	- 0.9	Cash
Other Current Liab	- 0.89	Property Plant Equipment
Long Term Debt Total	- 0.87	Total Stockholder Equity
Net Invested Capital	- 0.84	Property Plant Equipment