Spectra Short Term Debt vs Total Stockholder Equity Analysis

SSA Stock

CAD 0.22 0.01 4.76%

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

Short Term Debt vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spectra Short Term Debt account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Spectra's Short Term Debt and Total Stockholder Equity is -0.62. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Spectra, assuming nothing else is changed. The correlation between historical values of Spectra's Short Term Debt and Total Stockholder Equity 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 Debt of Spectra are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Short Term Debt i.e., Spectra's Short Term Debt and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.62

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Short Term Debt

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from Spectra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spectra 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 Spectra. 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 climb to about 107.6 K in 2024, whereas Selling General Administrative is likely to drop slightly above 488.8 K in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	954.5K	830.6K	952.6K	1.0M
Total Revenue	1.7M	1.7M	2.1M	1.9M

Gross Profit Total Revenue

Spectra fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Inventory	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Net Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Short Term Investments
Total Assets		-0.02	-0.28	0.94	0.94	0.94	-0.22	0.84	-0.8	0.59	0.8	-0.88	-0.53	0.98	-0.53	-0.62	-0.7	0.76	0.84	0.92	-0.87	-0.73	-0.37	0.98	0.89	0.31
Other Current Liab	-0.02		0.87	0.02	0.02	0.06	-0.17	-0.09	-0.3	0.33	0.1	-0.12	-0.19	0.03	-0.19	-0.23	0.11	0.22	-0.14	-0.16	-0.4	-0.18	0.07	-0.03	-0.38	-0.03
Total Current Liabilities	-0.28	0.87		-0.3	-0.3	-0.27	0.25	-0.27	0.09	0.21	-0.21	0.26	0.17	-0.21	0.17	0.19	0.19	-0.07	-0.37	-0.41	-0.07	0.08	0.0	-0.29	-0.55	-0.2
Total Stockholder Equity	0.94	0.02	-0.3		1.0	0.99	-0.45	0.88	-0.9	0.59	0.82	-0.97	-0.62	0.91	-0.62	-0.69	-0.71	0.87	0.85	0.96	-0.9	-0.86	-0.4	0.97	0.83	0.23
Net Tangible Assets	0.94	0.02	-0.3	1.0		1.0	-0.46	0.89	-0.89	0.58	0.83	-0.97	-0.62	0.91	-0.62	-0.68	-0.72	0.87	0.84	0.96	-0.9	-0.88	-0.42	0.96	0.83	0.2
Retained Earnings	0.94	0.06	-0.27	0.99	1.0		-0.46	0.9	-0.9	0.63	0.87	-0.97	-0.65	0.92	-0.65	-0.72	-0.75	0.89	0.8	0.94	-0.9	-0.88	-0.46	0.96	0.82	0.15
Accounts Payable	-0.22	-0.17	0.25	-0.45	-0.46	-0.46		-0.31	0.56	0.0	-0.45	0.57	0.6	-0.21	0.6	0.58	0.14	-0.41	-0.23	-0.38	0.41	0.55	0.01	-0.3	-0.17	0.01
Cash	0.84	-0.09	-0.27	0.88	0.89	0.9	-0.31		-0.68	0.55	0.77	-0.77	-0.42	0.88	-0.42	-0.45	-0.92	0.8	0.6	0.87	-0.7	-0.88	-0.71	0.89	0.88	-0.03
Long Term Debt	-0.8	-0.3	0.09	-0.9	-0.89	-0.9	0.56	-0.68		-0.65	-0.84	0.96	0.75	-0.77	0.75	0.84	0.51	-0.86	-0.71	-0.76	0.89	0.76	0.27	-0.79	-0.56	-0.19
Net Receivables	0.59	0.33	0.21	0.59	0.58	0.63	0.0	0.55	-0.65		0.65	-0.57	-0.59	0.63	-0.59	-0.66	-0.59	0.71	0.37	0.44	-0.59	-0.48	-0.52	0.51	0.37	-0.17
Inventory	0.8	0.1	-0.21	0.82	0.83	0.87	-0.45	0.77	-0.84	0.65		-0.82	-0.62	0.83	-0.62	-0.72	-0.68	0.86	0.58	0.74	-0.73	-0.74	-0.57	0.77	0.7	-0.13
Total Liab	-0.88	-0.12	0.26	-0.97	-0.97	-0.97	0.57	-0.77	0.96	-0.57	-0.82		0.7	-0.84	0.7	0.78	0.58	-0.86	-0.83	-0.9	0.92	0.83	0.27	-0.9	-0.71	-0.25
Short Long Term Debt	-0.53	-0.19	0.17	-0.62	-0.62	-0.65	0.6	-0.42	0.75	-0.59	-0.62	0.7		-0.52	1.0	0.9	0.31	-0.49	-0.44	-0.46	0.54	0.45	0.15	-0.49	-0.35	-0.13
Total Current Assets	0.98	0.03	-0.21	0.91	0.91	0.92	-0.21	0.88	-0.77	0.63	0.83	-0.84	-0.52		-0.52	-0.61	-0.78	0.76	0.7	0.85	-0.83	-0.72	-0.46	0.96	0.9	0.25
Short Term Debt	-0.53	-0.19	0.17	-0.62	-0.62	-0.65	0.6	-0.42	0.75	-0.59	-0.62	0.7	1.0	-0.52		0.9	0.31	-0.49	-0.44	-0.46	0.54	0.45	0.15	-0.49	-0.35	-0.13
Intangible Assets	-0.62	-0.23	0.19	-0.69	-0.68	-0.72	0.58	-0.45	0.84	-0.66	-0.72	0.78	0.9	-0.61	0.9		0.33	-0.65	-0.5	-0.51	0.64	0.48	0.14	-0.56	-0.4	-0.18
Common Stock	-0.7	0.11	0.19	-0.71	-0.72	-0.75	0.14	-0.92	0.51	-0.59	-0.68	0.58	0.31	-0.78	0.31	0.33		-0.66	-0.4	-0.7	0.53	0.73	0.74	-0.73	-0.78	0.24
Property Plant Equipment	0.76	0.22	-0.07	0.87	0.87	0.89	-0.41	0.8	-0.86	0.71	0.86	-0.86	-0.49	0.76	-0.49	-0.65	-0.66		0.64	0.79	-0.83	-0.88	-0.59	0.78	0.6	-0.09
Non Current Assets Total	0.84	-0.14	-0.37	0.85	0.84	0.8	-0.23	0.6	-0.71	0.37	0.58	-0.83	-0.44	0.7	-0.44	-0.5	-0.4	0.64		0.9	-0.79	-0.63	-0.11	0.84	0.69	0.34
Non Currrent Assets Other	0.92	-0.16	-0.41	0.96	0.96	0.94	-0.38	0.87	-0.76	0.44	0.74	-0.9	-0.46	0.85	-0.46	-0.51	-0.7	0.79	0.9		-0.83	-0.86	-0.41	0.96	0.87	0.18
Non Current Liabilities Total	-0.87	-0.4	-0.07	-0.9	-0.9	-0.9	0.41	-0.7	0.89	-0.59	-0.73	0.92	0.54	-0.83	0.54	0.64	0.53	-0.83	-0.79	-0.83		0.82	0.23	-0.88	-0.6	-0.26
Net Debt	-0.73	-0.18	0.08	-0.86	-0.88	-0.88	0.55	-0.88	0.76	-0.48	-0.74	0.83	0.45	-0.72	0.45	0.48	0.73	-0.88	-0.63	-0.86	0.82		0.6	-0.81	-0.64	0.11
Common Stock Shares Outstanding	-0.37	0.07	0.0	-0.4	-0.42	-0.46	0.01	-0.71	0.27	-0.52	-0.57	0.27	0.15	-0.46	0.15	0.14	0.74	-0.59	-0.11	-0.41	0.23	0.6		-0.39	-0.47	0.59
Net Invested Capital	0.98	-0.03	-0.29	0.97	0.96	0.96	-0.3	0.89	-0.79	0.51	0.77	-0.9	-0.49	0.96	-0.49	-0.56	-0.73	0.78	0.84	0.96	-0.88	-0.81	-0.39		0.91	0.3
Net Working Capital	0.89	-0.38	-0.55	0.83	0.83	0.82	-0.17	0.88	-0.56	0.37	0.7	-0.71	-0.35	0.9	-0.35	-0.4	-0.78	0.6	0.69	0.87	-0.6	-0.64	-0.47	0.91		0.24
Short Term Investments	0.31	-0.03	-0.2	0.23	0.2	0.15	0.01	-0.03	-0.19	-0.17	-0.13	-0.25	-0.13	0.25	-0.13	-0.18	0.24	-0.09	0.34	0.18	-0.26	0.11	0.59	0.3	0.24

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Spectra Account Relationship Matchups

Spectra fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4M	1.9M	2.1M	2.4M	2.2M	1.3M
Other Current Liab	4.3K	216.1K	13.2K	9.5K	11.0K	10.4K
Total Current Liabilities	169.9K	107.1K	149.3K	358.5K	126.7K	223.0K
Total Stockholder Equity	1.1M	1.7M	1.8M	1.7M	1.8M	1.9M
Net Tangible Assets	1.1M	1.7M	1.8M	1.7M	2.0M	2.1M
Retained Earnings	(5.2M)	(4.8M)	(4.6M)	(4.5M)	(4.2M)	(4.4M)
Accounts Payable	47.2K	50.9K	63.7K	227.8K	1.3K	1.2K
Cash	130.8K	569.8K	877.5K	1.1M	1.2M	1.3M
Net Receivables	208.6K	159.4K	234.7K	369.5K	232.8K	242.7K
Inventory	182.7K	155.6K	176.9K	227.5K	299.4K	182.6K
Total Liab	370.7K	283.5K	300.5K	639.3K	346.1K	328.8K
Total Current Assets	701.9K	1.4M	1.7M	1.9M	1.9M	1.0M
Non Current Assets Total	730.3K	535.4K	408.7K	503.1K	304.1K	342.1K
Non Current Liabilities Total	200.8K	176.4K	151.3K	280.8K	219.4K	365.3K
Net Invested Capital	1.1M	1.7M	1.8M	1.7M	1.8M	1.3M
Net Working Capital	532.0K	1.3M	1.5M	1.5M	1.7M	1.1M

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