Steelcast Net Debt vs Cash Analysis

STEELCAS

762.05 13.00 1.74%

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

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Steelcast Limited Net Debt account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Steelcast's Net Debt and Cash is -0.22. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Steelcast Limited, assuming nothing else is changed. The correlation between historical values of Steelcast's Net Debt 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 Net Debt of Steelcast 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 Net Debt i.e., Steelcast's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Cash

Cash refers to the most liquid asset of Steelcast Limited, which is listed under current asset account on Steelcast Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Steelcast customers. The amounts must be unrestricted with restricted cash listed in a different Steelcast 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 Steelcast's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Steelcast Limited 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 Steelcast 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 bureau of economic analysis.

The current year's Selling General Administrative is expected to grow to about 432.8 M. The current year's Tax Provision is expected to grow to about 272.3 M

	2021	2022	2023	2024 (projected)
Interest Expense	15.6M	24.1M	12.8M	12.1M
Depreciation And Amortization	177.2M	181.4M	179.2M	107.0M

Interest Expense Depreciation And Amortization

Steelcast 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	Accounts Payable	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	Short Term Debt	Intangible Assets	Current Deferred Revenue	Retained Earnings	Short Term Investments
Total Assets		0.0	0.43	0.47	0.62	0.87	-0.02	0.61	0.17	0.89	0.17	0.37	0.62	0.75	-0.22	0.65	0.5	-0.05	0.18	0.87	0.79	-0.04	0.03	-0.07	0.48	0.5
Short Long Term Debt Total	0.0		-0.21	0.63	-0.66	0.34	1.0	-0.37	-0.12	0.3	0.39	-0.47	-0.55	-0.19	0.79	-0.15	0.08	0.04	0.92	-0.32	0.13	0.9	0.19	-0.24	-0.73	-0.68
Other Current Liab	0.43	-0.21		0.11	0.49	0.26	-0.27	0.28	0.6	0.3	0.05	0.66	0.39	0.17	-0.13	0.23	-0.02	-0.17	-0.06	0.47	0.18	-0.19	-0.35	-0.33	0.51	0.56
Total Current Liabilities	0.47	0.63	0.11		-0.12	0.55	0.63	0.33	-0.13	0.52	0.5	-0.22	-0.01	0.15	0.2	0.54	0.41	0.05	0.77	0.29	0.36	0.75	0.27	-0.01	-0.25	-0.22
Total Stockholder Equity	0.62	-0.66	0.49	-0.12		0.38	-0.68	0.54	0.32	0.42	-0.31	0.73	0.66	0.68	-0.7	0.45	0.21	-0.02	-0.57	0.69	0.48	-0.69	-0.13	-0.11	0.97	0.95
Property Plant And Equipment Net	0.87	0.34	0.26	0.55	0.38		0.32	0.22	0.14	0.99	0.15	0.21	0.24	0.72	0.1	0.35	0.37	0.15	0.42	0.51	0.87	0.21	0.16	-0.29	0.21	0.25
Net Debt	-0.02	1.0	-0.27	0.63	-0.68	0.32		-0.33	-0.22	0.28	0.43	-0.54	-0.56	-0.18	0.75	-0.12	0.12	0.07	0.91	-0.33	0.14	0.9	0.24	-0.18	-0.76	-0.71
Accounts Payable	0.61	-0.37	0.28	0.33	0.54	0.22	-0.33		-0.26	0.26	0.37	0.09	0.72	0.39	-0.65	0.9	0.65	-0.13	-0.17	0.83	0.28	-0.18	0.07	0.49	0.45	0.46
Cash	0.17	-0.12	0.6	-0.13	0.32	0.14	-0.22	-0.26		0.14	-0.46	0.85	0.15	-0.06	0.25	-0.24	-0.46	-0.37	-0.01	0.16	-0.08	-0.25	-0.51	-0.6	0.44	0.45
Non Current Assets Total	0.89	0.3	0.3	0.52	0.42	0.99	0.28	0.26	0.14		0.16	0.24	0.26	0.73	0.07	0.36	0.4	0.15	0.39	0.54	0.87	0.17	0.15	-0.28	0.24	0.29
Non Currrent Assets Other	0.17	0.39	0.05	0.5	-0.31	0.15	0.43	0.37	-0.46	0.16		-0.54	-0.05	-0.17	0.15	0.5	0.66	-0.13	0.48	0.14	0.03	0.51	-0.04	0.33	-0.44	-0.37
Cash And Short Term Investments	0.37	-0.47	0.66	-0.22	0.73	0.21	-0.54	0.09	0.85	0.24	-0.54		0.41	0.27	-0.23	0.01	-0.27	-0.3	-0.38	0.42	0.11	-0.56	-0.45	-0.52	0.83	0.85
Net Receivables	0.62	-0.55	0.39	-0.01	0.66	0.24	-0.56	0.72	0.15	0.26	-0.05	0.41		0.41	-0.6	0.63	0.28	-0.27	-0.35	0.86	0.28	-0.43	-0.2	0.35	0.63	0.61
Common Stock Shares Outstanding	0.75	-0.19	0.17	0.15	0.68	0.72	-0.18	0.39	-0.06	0.73	-0.17	0.27	0.41		-0.47	0.34	0.37	0.47	-0.19	0.57	0.92	-0.27	0.43	-0.13	0.54	0.5
Non Current Liabilities Total	-0.22	0.79	-0.13	0.2	-0.7	0.1	0.75	-0.65	0.25	0.07	0.15	-0.23	-0.6	-0.47		-0.49	-0.26	-0.14	0.76	-0.48	-0.17	0.58	-0.1	-0.3	-0.68	-0.63
Inventory	0.65	-0.15	0.23	0.54	0.45	0.35	-0.12	0.9	-0.24	0.36	0.5	0.01	0.63	0.34	-0.49		0.66	-0.26	0.06	0.8	0.31	0.04	-0.05	0.38	0.33	0.32
Other Current Assets	0.5	0.08	-0.02	0.41	0.21	0.37	0.12	0.65	-0.46	0.4	0.66	-0.27	0.28	0.37	-0.26	0.66		0.08	0.15	0.48	0.42	0.1	0.26	0.46	0.04	0.06
Other Stockholder Equity	-0.05	0.04	-0.17	0.05	-0.02	0.15	0.07	-0.13	-0.37	0.15	-0.13	-0.3	-0.27	0.47	-0.14	-0.26	0.08		-0.05	-0.25	0.49	0.02	0.87	0.09	-0.16	-0.2
Total Liab	0.18	0.92	-0.06	0.77	-0.57	0.42	0.91	-0.17	-0.01	0.39	0.48	-0.38	-0.35	-0.19	0.76	0.06	0.15	-0.05		-0.09	0.14	0.89	0.15	-0.13	-0.66	-0.61
Total Current Assets	0.87	-0.32	0.47	0.29	0.69	0.51	-0.33	0.83	0.16	0.54	0.14	0.42	0.86	0.57	-0.48	0.8	0.48	-0.25	-0.09		0.49	-0.25	-0.11	0.17	0.62	0.61
Common Stock	0.79	0.13	0.18	0.36	0.48	0.87	0.14	0.28	-0.08	0.87	0.03	0.11	0.28	0.92	-0.17	0.31	0.42	0.49	0.14	0.49		0.0	0.45	-0.13	0.28	0.27
Short Term Debt	-0.04	0.9	-0.19	0.75	-0.69	0.21	0.9	-0.18	-0.25	0.17	0.51	-0.56	-0.43	-0.27	0.58	0.04	0.1	0.02	0.89	-0.25	0.0		0.22	-0.11	-0.75	-0.71
Intangible Assets	0.03	0.19	-0.35	0.27	-0.13	0.16	0.24	0.07	-0.51	0.15	-0.04	-0.45	-0.2	0.43	-0.1	-0.05	0.26	0.87	0.15	-0.11	0.45	0.22		0.27	-0.27	-0.33
Current Deferred Revenue	-0.07	-0.24	-0.33	-0.01	-0.11	-0.29	-0.18	0.49	-0.6	-0.28	0.33	-0.52	0.35	-0.13	-0.3	0.38	0.46	0.09	-0.13	0.17	-0.13	-0.11	0.27		-0.2	-0.24
Retained Earnings	0.48	-0.73	0.51	-0.25	0.97	0.21	-0.76	0.45	0.44	0.24	-0.44	0.83	0.63	0.54	-0.68	0.33	0.04	-0.16	-0.66	0.62	0.28	-0.75	-0.27	-0.2		0.98
Short Term Investments	0.5	-0.68	0.56	-0.22	0.95	0.25	-0.71	0.46	0.45	0.29	-0.37	0.85	0.61	0.5	-0.63	0.32	0.06	-0.2	-0.61	0.61	0.27	-0.71	-0.33	-0.24	0.98

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Steelcast Account Relationship Matchups

Steelcast fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	1.9B	2.8B	3.1B	3.2B	2.2B
Short Long Term Debt Total	445.4M	231.1M	628.0M	236.5M	832K	790.4K
Other Current Liab	66.0M	12.2M	126.0M	164.0M	196.9M	206.8M
Total Current Liabilities	510.7M	429.6M	1.1B	816.1M	444.0M	678.2M
Total Stockholder Equity	1.2B	1.3B	1.6B	2.2B	2.7B	2.8B
Property Plant And Equipment Net	1.2B	1.1B	1.2B	1.4B	1.5B	1.1B
Net Debt	442.5M	230.4M	626.8M	233.9M	(123.8M)	(117.6M)
Accounts Payable	104.5M	140.1M	356.9M	411.4M	246.2M	184.5M
Cash	2.8M	661K	1.2M	2.5M	124.6M	130.9M
Non Current Assets Total	1.2B	1.1B	1.3B	1.6B	1.6B	1.2B
Cash And Short Term Investments	4.2M	661K	1.2M	84.6M	293.5M	308.1M
Net Receivables	283.3M	513.7M	751.6M	789.6M	933.2M	482.9M
Liabilities And Stockholders Equity	2.0B	1.9B	2.8B	3.1B	3.2B	2.2B
Non Current Liabilities Total	283.3M	205.2M	77.7M	82.2M	96.3M	91.5M
Inventory	230.3M	256.3M	615.7M	509.1M	330.6M	312.0M
Other Current Assets	266.4M	55.9M	888.9M	916.4M	114.2M	108.5M
Total Liab	794.0M	634.8M	1.2B	898.4M	540.3M	513.3M
Total Current Assets	782.8M	829.8M	1.5B	1.5B	1.7B	1.0B
Short Term Debt	300.7M	142.7M	628.0M	236.5M	832K	790.4K
Intangible Assets	16.9M	11.5M	6.6M	3.5M	2.3M	2.2M
Current Deferred Revenue	79.3M	133.5M	124.5M	158.5M	318K	302.1K
Retained Earnings	305.9M	414.7M	692.5M	1.3B	2.4B	2.5B
Short Term Investments	1.4M	14.1M	20.2M	82.1M	117.6M	123.5M
Other Liab	96.1M	158.4M	116.8M	77.7M	69.9M	96.4M
Net Tangible Assets	1.1B	1.2B	1.3B	1.6B	1.8B	1.3B
Other Assets	61.0M	121.3M	104.4M	(1K)	1.0	0.95
Net Invested Capital	1.6B	1.5B	2.2B	2.4B	2.7B	2.2B
Short Long Term Debt	320.5M	142.7M	628.0M	236.5M	832K	790.4K
Net Working Capital	272.1M	400.2M	388.6M	661.2M	1.2B	1.3B
Property Plant Equipment	1.1B	1.1B	979.1M	1.1B	1.0B	886.3M

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Balance Sheet is a snapshot of the financial position of Steelcast Limited at a specified time, usually calculated after every quarter, six months, or one year. Steelcast Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Steelcast and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Steelcast currently owns. An asset can also be divided into two categories, current and non-current.

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Steelcast Net Debt vs Cash Analysis

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

Correlation Coefficient

Net Debt

Cash

Steelcast fundamental ratios Correlations

Steelcast Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Steelcast fundamental ratios Accounts

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Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Short Term Investments	+ 0.98	Retained Earnings
Retained Earnings	+ 0.97	Total Stockholder Equity
Short Term Investments	+ 0.95	Total Stockholder Equity
Total Liab	+ 0.92	Short Long Term Debt Total

Retained Earnings	- 0.76	Net Debt
Retained Earnings	- 0.75	Short Term Debt
Retained Earnings	- 0.73	Short Long Term Debt Total
Short Term Investments	- 0.71	Short Term Debt
Short Term Investments	- 0.71	Net Debt
Non Current Liabilities Total	- 0.7	Total Stockholder Equity