Spencers Short Term Investments vs Cash Analysis

SPENCERS

85.77 1.87 2.23%

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

Short Term Investments vs Cash

Short Term Investments vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spencers Retail Short Term Investments account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Spencers Retail's Short Term Investments and Cash is -0.42. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of Spencers Retail Limited, assuming nothing else is changed. The correlation between historical values of Spencers Retail's Short Term Investments and Cash 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 Term Investments of Spencers Retail Limited are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Term Investments i.e., Spencers Retail's Short Term Investments and Cash go up and down completely randomly.

Correlation Coefficient

-0.42

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Spencers Retail balance sheet. It contains any investments Spencers Retail Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Spencers Retail can easily liquidate in the marketplace.

Cash

Cash refers to the most liquid asset of Spencers Retail, which is listed under current asset account on Spencers Retail Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Spencers Retail customers. The amounts must be unrestricted with restricted cash listed in a different Spencers Retail 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.

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

As of 11/27/2024, Selling General Administrative is likely to drop to about 134.1 M. In addition to that, Tax Provision is likely to grow to about (3.4 M)

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.3B	1.3B	1.3B	1.1B
Interest Income	969.7M	1.2B	1.3B	712.0M

Depreciation And Amortization Interest Income

Spencers Retail fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		0.97	0.25	0.97	-0.89	0.99	-0.97	1.0	0.76	0.97	-0.9	0.93	0.48	0.99	-0.76	-0.3	0.85	-0.7	-0.64	0.92	-0.79	0.98	0.98	0.73	0.88	-0.9
Short Long Term Debt Total	0.97		0.35	1.0	-0.92	0.99	-0.96	0.98	0.63	1.0	-0.93	0.9	0.33	0.98	-0.72	-0.42	0.88	-0.73	-0.74	0.9	-0.76	1.0	1.0	0.72	0.96	-0.92
Other Current Liab	0.25	0.35		0.36	-0.43	0.3	-0.33	0.27	-0.05	0.36	-0.46	0.13	-0.41	0.25	-0.22	-0.28	0.38	-0.21	-0.75	0.39	-0.04	0.3	0.32	0.59	0.42	-0.62
Total Current Liabilities	0.97	1.0	0.36		-0.94	0.97	-0.95	0.98	0.6	1.0	-0.95	0.91	0.31	0.96	-0.68	-0.47	0.91	-0.7	-0.74	0.91	-0.73	0.99	0.99	0.75	0.97	-0.91
Total Stockholder Equity	-0.89	-0.92	-0.43	-0.94		-0.86	0.91	-0.89	-0.48	-0.92	1.0	-0.88	-0.16	-0.88	0.62	0.66	-0.99	0.73	0.77	-0.84	0.69	-0.89	-0.91	-0.83	-0.93	0.91
Other Liab	0.99	0.99	0.3	0.97	-0.86		-0.96	0.99	0.71	0.98	-0.88	0.89	0.43	0.99	-0.78	-0.27	0.81	-0.71	-0.68	0.9	-0.78	1.0	0.99	0.67	0.9	-0.9
Net Tangible Assets	-0.97	-0.96	-0.33	-0.95	0.91	-0.96		-0.97	-0.67	-0.96	0.92	-0.86	-0.32	-0.98	0.8	0.37	-0.87	0.82	0.76	-0.85	0.85	-0.96	-0.97	-0.7	-0.88	0.94
Property Plant And Equipment Net	1.0	0.98	0.27	0.98	-0.89	0.99	-0.97		0.74	0.98	-0.9	0.93	0.46	0.99	-0.76	-0.31	0.85	-0.71	-0.66	0.92	-0.79	0.99	0.99	0.71	0.9	-0.9
Current Deferred Revenue	0.76	0.63	-0.05	0.6	-0.48	0.71	-0.67	0.74		0.61	-0.49	0.71	0.88	0.74	-0.74	0.18	0.45	-0.44	-0.18	0.65	-0.7	0.68	0.67	0.46	0.49	-0.55
Net Debt	0.97	1.0	0.36	1.0	-0.92	0.98	-0.96	0.98	0.61		-0.94	0.89	0.31	0.97	-0.72	-0.44	0.89	-0.73	-0.76	0.9	-0.76	0.99	1.0	0.71	0.96	-0.92
Retained Earnings	-0.9	-0.93	-0.46	-0.95	1.0	-0.88	0.92	-0.9	-0.49	-0.94		-0.88	-0.16	-0.89	0.63	0.64	-0.99	0.74	0.79	-0.85	0.7	-0.9	-0.92	-0.83	-0.94	0.93
Accounts Payable	0.93	0.9	0.13	0.91	-0.88	0.89	-0.86	0.93	0.71	0.89	-0.88		0.55	0.9	-0.59	-0.37	0.88	-0.53	-0.45	0.92	-0.65	0.9	0.91	0.79	0.84	-0.77
Cash	0.48	0.33	-0.41	0.31	-0.16	0.43	-0.32	0.46	0.88	0.31	-0.16	0.55		0.44	-0.46	0.38	0.16	-0.09	0.28	0.42	-0.42	0.39	0.38	0.19	0.2	-0.14
Non Current Assets Total	0.99	0.98	0.25	0.96	-0.88	0.99	-0.98	0.99	0.74	0.97	-0.89	0.9	0.44		-0.81	-0.3	0.84	-0.77	-0.68	0.87	-0.85	0.99	0.99	0.66	0.89	-0.9
Non Currrent Assets Other	-0.76	-0.72	-0.22	-0.68	0.62	-0.78	0.8	-0.76	-0.74	-0.72	0.63	-0.59	-0.46	-0.81		0.02	-0.58	0.85	0.58	-0.52	0.93	-0.74	-0.74	-0.35	-0.63	0.74
Other Assets	-0.3	-0.42	-0.28	-0.47	0.66	-0.27	0.37	-0.31	0.18	-0.44	0.64	-0.37	0.38	-0.3	0.02		-0.69	0.44	0.56	-0.26	0.24	-0.35	-0.38	-0.45	-0.61	0.42
Long Term Debt	0.85	0.88	0.38	0.91	-0.99	0.81	-0.87	0.85	0.45	0.89	-0.99	0.88	0.16	0.84	-0.58	-0.69		-0.71	-0.71	0.81	-0.67	0.84	0.88	0.83	0.9	-0.86
Cash And Short Term Investments	-0.7	-0.73	-0.21	-0.7	0.73	-0.71	0.82	-0.71	-0.44	-0.73	0.74	-0.53	-0.09	-0.77	0.85	0.44	-0.71		0.74	-0.41	0.94	-0.72	-0.73	-0.31	-0.7	0.75
Net Receivables	-0.64	-0.74	-0.75	-0.74	0.77	-0.68	0.76	-0.66	-0.18	-0.76	0.79	-0.45	0.28	-0.68	0.58	0.56	-0.71	0.74		-0.56	0.57	-0.7	-0.71	-0.59	-0.78	0.89
Common Stock Shares Outstanding	0.92	0.9	0.39	0.91	-0.84	0.9	-0.85	0.92	0.65	0.9	-0.85	0.92	0.42	0.87	-0.52	-0.26	0.81	-0.41	-0.56		-0.5	0.9	0.91	0.87	0.83	-0.84
Short Term Investments	-0.79	-0.76	-0.04	-0.73	0.69	-0.78	0.85	-0.79	-0.7	-0.76	0.7	-0.65	-0.42	-0.85	0.93	0.24	-0.67	0.94	0.57	-0.5		-0.77	-0.78	-0.32	-0.69	0.72
Long Term Debt Total	0.98	1.0	0.3	0.99	-0.89	1.0	-0.96	0.99	0.68	0.99	-0.9	0.9	0.39	0.99	-0.74	-0.35	0.84	-0.72	-0.7	0.9	-0.77		1.0	0.68	0.93	-0.9
Non Current Liabilities Total	0.98	1.0	0.32	0.99	-0.91	0.99	-0.97	0.99	0.67	1.0	-0.92	0.91	0.38	0.99	-0.74	-0.38	0.88	-0.73	-0.71	0.91	-0.78	1.0		0.71	0.95	-0.91
Inventory	0.73	0.72	0.59	0.75	-0.83	0.67	-0.7	0.71	0.46	0.71	-0.83	0.79	0.19	0.66	-0.35	-0.45	0.83	-0.31	-0.59	0.87	-0.32	0.68	0.71		0.71	-0.8
Other Current Assets	0.88	0.96	0.42	0.97	-0.93	0.9	-0.88	0.9	0.49	0.96	-0.94	0.84	0.2	0.89	-0.63	-0.61	0.9	-0.7	-0.78	0.83	-0.69	0.93	0.95	0.71		-0.87
Other Stockholder Equity	-0.9	-0.92	-0.62	-0.91	0.91	-0.9	0.94	-0.9	-0.55	-0.92	0.93	-0.77	-0.14	-0.9	0.74	0.42	-0.86	0.75	0.89	-0.84	0.72	-0.9	-0.91	-0.8	-0.87

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Spencers Retail Account Relationship Matchups

Spencers Retail fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.9B	15.6B	15.7B	16.3B	17.0B	15.4B
Short Long Term Debt Total	8.5B	9.4B	10.7B	13.4B	16.2B	9.2B
Other Current Liab	155.1M	512.6M	485.0M	424.6M	487.0M	452.3M
Total Current Liabilities	6.4B	6.6B	7.2B	8.6B	9.8B	7.1B
Total Stockholder Equity	2.7B	1.9B	618.6M	(1.5B)	(4.2B)	(4.0B)
Other Liab	82.3M	319.9M	338.5M	364.0M	418.6M	261.1M
Net Tangible Assets	4.5B	(687.6M)	(1.5B)	(2.7B)	(2.5B)	(2.3B)
Property Plant And Equipment Net	7.2B	7.2B	7.2B	8.0B	8.8B	6.5B
Current Deferred Revenue	487.3M	530.7M	148.3M	149.9M	191.7M	248.8M
Net Debt	7.7B	8.9B	10.5B	13.3B	15.9B	8.8B
Retained Earnings	(3.3B)	(4.9B)	(6.2B)	(8.3B)	(10.9B)	(10.4B)
Accounts Payable	3.7B	3.3B	3.3B	3.4B	3.8B	3.7B
Cash	809.7M	569.1M	168.5M	131.7M	314.6M	282.3M
Non Current Assets Total	11.6B	11.7B	12.0B	12.7B	13.2B	10.9B
Non Currrent Assets Other	760.2M	34M	451.6M	1.3B	537.2M	829.5M
Other Assets	756.7M	800.9M	739.0M	16.9M	15.2M	14.4M
Long Term Debt	868.1M	754.7M	1.3B	1.8B	2.8B	3.0B
Cash And Short Term Investments	813.2M	577.5M	388.6M	396.9M	314.6M	298.9M
Net Receivables	705.1M	325.4M	286.2M	215.8M	252.9M	335.8M
Common Stock Shares Outstanding	80.4M	81.7M	86.4M	90.1M	103.7M	87.1M
Short Term Investments	3.5M	8.4M	220.1M	265.2M	91.4M	86.8M
Long Term Debt Total	6.5B	6.8B	7.5B	8.8B	10.2B	5.4B
Liabilities And Stockholders Equity	15.9B	15.6B	15.7B	16.3B	17.0B	15.4B
Non Current Liabilities Total	6.8B	7.1B	7.8B	9.2B	11.4B	6.7B
Inventory	2.5B	2.7B	2.6B	2.6B	2.7B	2.9B
Other Current Assets	187.9M	241.9M	215.5M	345.8M	445.5M	256.4M
Total Liab	13.2B	13.7B	15.0B	17.8B	21.1B	13.8B
Net Invested Capital	4.7B	4.2B	4.2B	3.9B	3.2B	3.6B
Total Current Assets	4.3B	3.9B	3.6B	3.6B	3.7B	3.3B
Accumulated Other Comprehensive Income	5.6B	5.6B	5.6B	5.6B	6.5B	4.1B
Cash And Equivalents	37.2M	45.0M	44.0M	131.7M	151.4M	159.0M
Net Working Capital	(2.1B)	(2.7B)	(3.6B)	(4.9B)	(6.0B)	(5.7B)
Short Term Debt	2.0B	2.7B	3.2B	4.6B	5.2B	2.8B
Intangible Assets	2.1B	2.1B	2.0B	2.1B	2.1B	1.9B
Property Plant Equipment	7.2B	7.2B	7.2B	8.0B	9.2B	6.7B

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Spencers Short Term Investments vs Cash Analysis

Short Term Investments vs Cash

Short Term Investments vs Cash Correlation Analysis

Correlation Coefficient

Short Term Investments

Cash

Spencers Retail fundamental ratios Correlations

Spencers Retail Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Spencers Retail fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt Total	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Total Current Liabilities

Long Term Debt	- 0.99	Retained Earnings
Long Term Debt	- 0.99	Total Stockholder Equity
Non Current Assets Total	- 0.98	Net Tangible Assets
Non Current Liabilities Total	- 0.97	Net Tangible Assets
Property Plant And Equipment Net	- 0.97	Net Tangible Assets
Net Tangible Assets	- 0.97	Total Assets