Spentex Total Current Assets vs Long Term Debt Analysis

SPENTEX Stock

280.00 0.00 0.00%

Spentex Industries financial indicator trend analysis is much more than just breaking down Spentex Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spentex Industries is a good investment. Please check the relationship between Spentex Industries Total Current Assets and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spentex Industries 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 estimate.

Total Current Assets vs Long Term Debt

Total Current Assets vs Long Term Debt Correlation Analysis

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

The correlation between Spentex Industries' Total Current Assets and Long Term Debt is 0.91. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Spentex Industries Limited, assuming nothing else is changed. The correlation between historical values of Spentex Industries' Total Current Assets 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 Total Current Assets of Spentex Industries Limited 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 Total Current Assets i.e., Spentex Industries' Total Current Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Long Term Debt

Long-term debt is a debt that Spentex Industries has held for over one year. Long-term debt appears on Spentex Industries Limited 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 Spentex Industries Limited 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 Spentex Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spentex Industries 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 Spentex Industries 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 estimate.

Selling General Administrative is likely to drop to about 15.5 M in 2024

	2019	2022	2023	2024 (projected)
Total Operating Expenses	114.1M	108.7M	273.4M	259.8M
Cost Of Revenue	614K	751K	100.2M	95.2M

Total Operating Expenses Cost Of Revenue

Spentex Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Current Deferred Revenue	Short Term Debt	Other Liab	Net Tangible Assets	Retained Earnings
Total Assets		0.56	0.47	-0.05	0.47	0.91	0.52	0.66	0.99	0.38	0.06	0.93	0.28	0.94	0.96	-0.45	-0.42	0.68	0.97	0.3	0.94	-0.61	-0.89	-0.92	0.94	0.63
Short Long Term Debt Total	0.56		0.55	0.58	-0.33	0.59	0.99	0.17	0.55	0.09	0.32	0.57	0.75	0.45	0.54	-0.01	-0.06	0.87	0.58	0.76	0.66	-0.16	-0.39	-0.49	0.32	-0.04
Other Current Liab	0.47	0.55		0.57	-0.22	0.36	0.45	-0.02	0.5	0.37	-0.04	0.56	0.45	0.22	0.34	-0.62	-0.2	0.68	0.36	0.45	0.4	-0.27	-0.44	-0.49	0.35	-0.03
Total Current Liabilities	-0.05	0.58	0.57		-0.88	-0.15	0.55	-0.63	0.0	0.33	0.07	-0.09	0.85	-0.3	-0.16	0.17	0.18	0.68	-0.16	0.83	0.06	0.25	0.21	-0.02	-0.14	-0.45
Total Stockholder Equity	0.47	-0.33	-0.22	-0.88		0.46	-0.34	0.8	0.43	0.01	-0.12	0.45	-0.64	0.61	0.53	-0.39	-0.27	-0.33	0.53	-0.63	0.31	-0.56	-0.57	-0.41	0.56	0.69
Property Plant And Equipment Net	0.91	0.59	0.36	-0.15	0.46		0.58	0.74	0.89	-0.02	0.16	0.95	0.2	0.95	0.91	-0.49	-0.55	0.59	0.94	0.22	0.9	-0.46	-0.87	-0.75	0.75	0.56
Net Debt	0.52	0.99	0.45	0.55	-0.34	0.58		0.15	0.51	0.01	0.33	0.52	0.73	0.45	0.53	0.06	-0.09	0.84	0.55	0.75	0.66	-0.12	-0.35	-0.45	0.28	-0.05
Cash	0.66	0.17	-0.02	-0.63	0.8	0.74	0.15		0.6	-0.11	0.23	0.73	-0.33	0.79	0.74	-0.42	-0.17	0.04	0.76	-0.3	0.52	-0.39	-0.67	-0.52	0.58	0.51
Non Current Assets Total	0.99	0.55	0.5	0.0	0.43	0.89	0.51	0.6		0.43	0.02	0.91	0.32	0.92	0.93	-0.46	-0.42	0.7	0.95	0.34	0.94	-0.61	-0.88	-0.92	0.94	0.63
Non Currrent Assets Other	0.38	0.09	0.37	0.33	0.01	-0.02	0.01	-0.11	0.43		-0.17	0.12	0.33	0.13	0.25	0.03	0.27	0.4	0.22	0.32	0.29	-0.39	-0.16	-0.54	0.57	0.23
Cash And Short Term Investments	0.06	0.32	-0.04	0.07	-0.12	0.16	0.33	0.23	0.02	-0.17		0.15	-0.03	0.12	0.08	0.05	0.09	0.16	0.12	-0.02	0.01	0.26	0.15	0.04	-0.04	-0.4
Net Receivables	0.93	0.57	0.56	-0.09	0.45	0.95	0.52	0.73	0.91	0.12	0.15		0.18	0.9	0.9	-0.66	-0.5	0.61	0.93	0.2	0.85	-0.5	-0.9	-0.79	0.79	0.51
Common Stock Shares Outstanding	0.28	0.75	0.45	0.85	-0.64	0.2	0.73	-0.33	0.32	0.33	-0.03	0.18		0.09	0.17	0.26	0.02	0.83	0.22	1.0	0.43	-0.03	-0.15	-0.28	0.15	-0.01
Non Current Liabilities Total	0.94	0.45	0.22	-0.3	0.61	0.95	0.45	0.79	0.92	0.13	0.12	0.9	0.09		0.96	-0.41	-0.5	0.5	0.97	0.11	0.9	-0.54	-0.87	-0.82	0.88	0.67
Inventory	0.96	0.54	0.34	-0.16	0.53	0.91	0.53	0.74	0.93	0.25	0.08	0.9	0.17	0.96		-0.4	-0.4	0.59	0.98	0.2	0.91	-0.54	-0.85	-0.89	0.89	0.6
Other Current Assets	-0.45	-0.01	-0.62	0.17	-0.39	-0.49	0.06	-0.42	-0.46	0.03	0.05	-0.66	0.26	-0.41	-0.4		0.48	-0.16	-0.39	0.26	-0.29	0.19	0.55	0.34	-0.39	-0.18
Other Stockholder Equity	-0.42	-0.06	-0.2	0.18	-0.27	-0.55	-0.09	-0.17	-0.42	0.27	0.09	-0.5	0.02	-0.5	-0.4	0.48		-0.22	-0.42	0.02	-0.44	0.31	0.61	0.31	-0.38	-0.52
Total Liab	0.68	0.87	0.68	0.68	-0.33	0.59	0.84	0.04	0.7	0.4	0.16	0.61	0.83	0.5	0.59	-0.16	-0.22		0.6	0.84	0.75	-0.19	-0.48	-0.64	0.54	0.1
Total Current Assets	0.97	0.58	0.36	-0.16	0.53	0.94	0.55	0.76	0.95	0.22	0.12	0.93	0.22	0.97	0.98	-0.39	-0.42	0.6		0.24	0.92	-0.61	-0.9	-0.87	0.88	0.65
Common Stock	0.3	0.76	0.45	0.83	-0.63	0.22	0.75	-0.3	0.34	0.32	-0.02	0.2	1.0	0.11	0.2	0.26	0.02	0.84	0.24		0.45	-0.04	-0.17	-0.29	0.17	0.0
Accounts Payable	0.94	0.66	0.4	0.06	0.31	0.9	0.66	0.52	0.94	0.29	0.01	0.85	0.43	0.9	0.91	-0.29	-0.44	0.75	0.92	0.45		-0.56	-0.83	-0.86	0.85	0.59
Current Deferred Revenue	-0.61	-0.16	-0.27	0.25	-0.56	-0.46	-0.12	-0.39	-0.61	-0.39	0.26	-0.5	-0.03	-0.54	-0.54	0.19	0.31	-0.19	-0.61	-0.04	-0.56		0.72	0.64	-0.64	-0.78
Short Term Debt	-0.89	-0.39	-0.44	0.21	-0.57	-0.87	-0.35	-0.67	-0.88	-0.16	0.15	-0.9	-0.15	-0.87	-0.85	0.55	0.61	-0.48	-0.9	-0.17	-0.83	0.72		0.81	-0.81	-0.79
Other Liab	-0.92	-0.49	-0.49	-0.02	-0.41	-0.75	-0.45	-0.52	-0.92	-0.54	0.04	-0.79	-0.28	-0.82	-0.89	0.34	0.31	-0.64	-0.87	-0.29	-0.86	0.64	0.81		-0.91	-0.57
Net Tangible Assets	0.94	0.32	0.35	-0.14	0.56	0.75	0.28	0.58	0.94	0.57	-0.04	0.79	0.15	0.88	0.89	-0.39	-0.38	0.54	0.88	0.17	0.85	-0.64	-0.81	-0.91		0.7
Retained Earnings	0.63	-0.04	-0.03	-0.45	0.69	0.56	-0.05	0.51	0.63	0.23	-0.4	0.51	-0.01	0.67	0.6	-0.18	-0.52	0.1	0.65	0.0	0.59	-0.78	-0.79	-0.57	0.7

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Spentex Industries Account Relationship Matchups

Spentex Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7B	2.4B	2.1B	2.0B	957.5M	909.6M
Short Long Term Debt Total	5.4B	8.2B	5.4B	4.9B	349.3M	331.8M
Other Current Liab	1.5B	2.0B	1.1B	1.1B	21.4M	20.3M
Total Current Liabilities	10.1B	10.9B	7.3B	7.4B	45.6M	43.4M
Total Stockholder Equity	(7.9B)	(8.5B)	(5.4B)	(5.5B)	562.4M	590.5M
Property Plant And Equipment Net	1.6B	1.5B	1.2B	2.3B	485.4M	461.1M
Net Debt	5.4B	8.2B	5.3B	4.9B	290.9M	276.3M
Cash	19.3M	10.6M	18.8M	17.8M	58.4M	79.0M
Non Current Assets Total	2.1B	1.6B	1.3B	2.4B	497.9M	473.0M
Cash And Short Term Investments	130.2M	467.9M	19.7M	18.7M	58.4M	107.5M
Net Receivables	238.7M	195.9M	91.5M	91.5M	10.1M	9.6M
Liabilities And Stockholders Equity	2.7B	2.4B	2.1B	2.0B	957.5M	909.6M
Other Current Assets	526.2M	778.5M	732.7M	734.7M	401.2M	500.7M
Other Stockholder Equity	2.5B	2.1B	1.2B	1.2B	1.1B	1.4B
Total Liab	10.5B	11.0B	7.5B	7.5B	395.1M	375.3M
Total Current Assets	562.2M	844.9M	799.0M	800.0M	459.6M	436.6M
Current Deferred Revenue	4.2B	1.8B	1.0B	1.0B	1.2B	1.1B
Short Term Debt	6.7B	6.8B	4.7B	5.4B	6.2B	5.1B
Retained Earnings	(11.3B)	(11.5B)	(7.5B)	(7.6B)	(7.9B)	(8.3B)
Short Long Term Debt	5.1B	8.2B	5.4B	4.9B	5.6B	6.4B

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Spentex Total Current Assets vs Long Term Debt Analysis

Total Current Assets vs Long Term Debt

Total Current Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Total Current Assets

Long Term Debt

Spentex Industries fundamental ratios Correlations

Spentex Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Spentex Industries fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Shares Outstanding
Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Total Current Assets	+ 0.98	Inventory
Total Current Assets	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Non Current Liabilities Total

Other Liab	- 0.92	Non Current Assets Total
Other Liab	- 0.92	Total Assets
Net Tangible Assets	- 0.91	Other Liab
Short Term Debt	- 0.9	Total Current Assets
Short Term Debt	- 0.9	Net Receivables
Other Liab	- 0.89	Inventory