Steelcast Short Term Debt vs Common Stock Shares Outstanding 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 Short Term Debt and its Common Stock Shares Outstanding 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.

Short Term Debt vs Common Stock Shares Outstanding

Short Term Debt vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Steelcast Limited Short Term Debt account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Steelcast's Short Term Debt and Common Stock Shares Outstanding is -0.27. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Common Stock Shares Outstanding 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 Short Term Debt and Common Stock Shares Outstanding 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 Steelcast Limited are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Short Term Debt i.e., Steelcast's Short Term Debt and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Term Debt

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
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 Expense15.6M24.1M12.8M12.1M
Depreciation And Amortization177.2M181.4M179.2M107.0M

Steelcast fundamental ratios Correlations

0.00.430.470.620.87-0.020.610.170.890.170.370.620.75-0.220.650.5-0.050.180.870.79-0.040.03-0.070.480.5
0.0-0.210.63-0.660.341.0-0.37-0.120.30.39-0.47-0.55-0.190.79-0.150.080.040.92-0.320.130.90.19-0.24-0.73-0.68
0.43-0.210.110.490.26-0.270.280.60.30.050.660.390.17-0.130.23-0.02-0.17-0.060.470.18-0.19-0.35-0.330.510.56
0.470.630.11-0.120.550.630.33-0.130.520.5-0.22-0.010.150.20.540.410.050.770.290.360.750.27-0.01-0.25-0.22
0.62-0.660.49-0.120.38-0.680.540.320.42-0.310.730.660.68-0.70.450.21-0.02-0.570.690.48-0.69-0.13-0.110.970.95
0.870.340.260.550.380.320.220.140.990.150.210.240.720.10.350.370.150.420.510.870.210.16-0.290.210.25
-0.021.0-0.270.63-0.680.32-0.33-0.220.280.43-0.54-0.56-0.180.75-0.120.120.070.91-0.330.140.90.24-0.18-0.76-0.71
0.61-0.370.280.330.540.22-0.33-0.260.260.370.090.720.39-0.650.90.65-0.13-0.170.830.28-0.180.070.490.450.46
0.17-0.120.6-0.130.320.14-0.22-0.260.14-0.460.850.15-0.060.25-0.24-0.46-0.37-0.010.16-0.08-0.25-0.51-0.60.440.45
0.890.30.30.520.420.990.280.260.140.160.240.260.730.070.360.40.150.390.540.870.170.15-0.280.240.29
0.170.390.050.5-0.310.150.430.37-0.460.16-0.54-0.05-0.170.150.50.66-0.130.480.140.030.51-0.040.33-0.44-0.37
0.37-0.470.66-0.220.730.21-0.540.090.850.24-0.540.410.27-0.230.01-0.27-0.3-0.380.420.11-0.56-0.45-0.520.830.85
0.62-0.550.39-0.010.660.24-0.560.720.150.26-0.050.410.41-0.60.630.28-0.27-0.350.860.28-0.43-0.20.350.630.61
0.75-0.190.170.150.680.72-0.180.39-0.060.73-0.170.270.41-0.470.340.370.47-0.190.570.92-0.270.43-0.130.540.5
-0.220.79-0.130.2-0.70.10.75-0.650.250.070.15-0.23-0.6-0.47-0.49-0.26-0.140.76-0.48-0.170.58-0.1-0.3-0.68-0.63
0.65-0.150.230.540.450.35-0.120.9-0.240.360.50.010.630.34-0.490.66-0.260.060.80.310.04-0.050.380.330.32
0.50.08-0.020.410.210.370.120.65-0.460.40.66-0.270.280.37-0.260.660.080.150.480.420.10.260.460.040.06
-0.050.04-0.170.05-0.020.150.07-0.13-0.370.15-0.13-0.3-0.270.47-0.14-0.260.08-0.05-0.250.490.020.870.09-0.16-0.2
0.180.92-0.060.77-0.570.420.91-0.17-0.010.390.48-0.38-0.35-0.190.760.060.15-0.05-0.090.140.890.15-0.13-0.66-0.61
0.87-0.320.470.290.690.51-0.330.830.160.540.140.420.860.57-0.480.80.48-0.25-0.090.49-0.25-0.110.170.620.61
0.790.130.180.360.480.870.140.28-0.080.870.030.110.280.92-0.170.310.420.490.140.490.00.45-0.130.280.27
-0.040.9-0.190.75-0.690.210.9-0.18-0.250.170.51-0.56-0.43-0.270.580.040.10.020.89-0.250.00.22-0.11-0.75-0.71
0.030.19-0.350.27-0.130.160.240.07-0.510.15-0.04-0.45-0.20.43-0.1-0.050.260.870.15-0.110.450.220.27-0.27-0.33
-0.07-0.24-0.33-0.01-0.11-0.29-0.180.49-0.6-0.280.33-0.520.35-0.13-0.30.380.460.09-0.130.17-0.13-0.110.27-0.2-0.24
0.48-0.730.51-0.250.970.21-0.760.450.440.24-0.440.830.630.54-0.680.330.04-0.16-0.660.620.28-0.75-0.27-0.20.98
0.5-0.680.56-0.220.950.25-0.710.460.450.29-0.370.850.610.5-0.630.320.06-0.2-0.610.610.27-0.71-0.33-0.240.98
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Steelcast Account Relationship Matchups

Steelcast fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B1.9B2.8B3.1B3.2B2.2B
Short Long Term Debt Total445.4M231.1M628.0M236.5M832K790.4K
Other Current Liab66.0M12.2M126.0M164.0M196.9M206.8M
Total Current Liabilities510.7M429.6M1.1B816.1M444.0M678.2M
Total Stockholder Equity1.2B1.3B1.6B2.2B2.7B2.8B
Property Plant And Equipment Net1.2B1.1B1.2B1.4B1.5B1.1B
Net Debt442.5M230.4M626.8M233.9M(123.8M)(117.6M)
Accounts Payable104.5M140.1M356.9M411.4M246.2M184.5M
Cash2.8M661K1.2M2.5M124.6M130.9M
Non Current Assets Total1.2B1.1B1.3B1.6B1.6B1.2B
Cash And Short Term Investments4.2M661K1.2M84.6M293.5M308.1M
Net Receivables283.3M513.7M751.6M789.6M933.2M482.9M
Liabilities And Stockholders Equity2.0B1.9B2.8B3.1B3.2B2.2B
Non Current Liabilities Total283.3M205.2M77.7M82.2M96.3M91.5M
Inventory230.3M256.3M615.7M509.1M330.6M312.0M
Other Current Assets266.4M55.9M888.9M916.4M114.2M108.5M
Total Liab794.0M634.8M1.2B898.4M540.3M513.3M
Total Current Assets782.8M829.8M1.5B1.5B1.7B1.0B
Short Term Debt300.7M142.7M628.0M236.5M832K790.4K
Intangible Assets16.9M11.5M6.6M3.5M2.3M2.2M
Current Deferred Revenue79.3M133.5M124.5M158.5M318K302.1K
Retained Earnings305.9M414.7M692.5M1.3B2.4B2.5B
Short Term Investments1.4M14.1M20.2M82.1M117.6M123.5M
Other Liab96.1M158.4M116.8M77.7M69.9M96.4M
Net Tangible Assets1.1B1.2B1.3B1.6B1.8B1.3B
Other Assets61.0M121.3M104.4M(1K)1.00.95
Net Invested Capital1.6B1.5B2.2B2.4B2.7B2.2B
Short Long Term Debt320.5M142.7M628.0M236.5M832K790.4K
Net Working Capital272.1M400.2M388.6M661.2M1.2B1.3B
Property Plant Equipment1.1B1.1B979.1M1.1B1.0B886.3M

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Other Information on Investing in Steelcast Stock

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.