| SST Stock | | | 13.80 0.00 0.00% |
Steamships Trading financial indicator trend analysis is much more than just breaking down Steamships Trading prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Steamships Trading is a good investment. Please check the relationship between Steamships Trading Accounts Payable and its Net Debt accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Steamships Trading. 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.
Accounts Payable vs Net Debt
Accounts Payable vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Steamships Trading Accounts Payable account and
Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Steamships Trading's Accounts Payable and Net Debt is 0.65. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Debt in the same time period over historical financial statements of Steamships Trading, assuming nothing else is changed. The correlation between historical values of Steamships Trading's Accounts Payable and Net 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 Accounts Payable of Steamships Trading are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Accounts Payable i.e., Steamships Trading's Accounts Payable and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.65 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Steamships Trading obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Steamships Trading are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Steamships Trading's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Steamships Trading 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 Steamships Trading. 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.
Discontinued Operations is likely to gain to about 10.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 127.4
M in 2024.
Steamships Trading fundamental ratios Correlations
Click cells to compare fundamentals
Steamships Trading Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Steamships Trading fundamental ratios Accounts
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Additional Tools for Steamships Stock Analysis
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