Smurfit Non Currrent Assets Other vs Long Term Debt Analysis
SW Stock | 54.76 0.77 1.39% |
Smurfit WestRock financial indicator trend analysis is much more than just breaking down Smurfit WestRock plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Smurfit WestRock plc is a good investment. Please check the relationship between Smurfit WestRock Non Currrent Assets Other and its Long Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smurfit WestRock plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
Non Currrent Assets Other vs Long Term Debt
Non Currrent Assets Other vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Smurfit WestRock plc Non Currrent Assets Other account and Long Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Smurfit WestRock's Non Currrent Assets Other and Long Term Debt is -0.19. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Smurfit WestRock plc, assuming nothing else is changed. The correlation between historical values of Smurfit WestRock's Non Currrent Assets Other 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 Non Currrent Assets Other of Smurfit WestRock plc 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 Non Currrent Assets Other i.e., Smurfit WestRock's Non Currrent Assets Other and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.19 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Long Term Debt
Long-term debt is a debt that Smurfit WestRock plc has held for over one year. Long-term debt appears on Smurfit WestRock plc 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 Smurfit WestRock plc 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 Smurfit WestRock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Smurfit WestRock plc 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 Smurfit WestRock plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. At this time, Smurfit WestRock's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.14 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.5 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 128M | 158M | 196.8M | 133.3M | Depreciation And Amortization | 553M | 630M | 701.9M | 670.5M |
Smurfit WestRock fundamental ratios Correlations
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Smurfit WestRock Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Smurfit WestRock's price analysis, check to measure Smurfit WestRock's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Smurfit WestRock is operating at the current time. Most of Smurfit WestRock's value examination focuses on studying past and present price action to predict the probability of Smurfit WestRock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Smurfit WestRock's price. Additionally, you may evaluate how the addition of Smurfit WestRock to your portfolios can decrease your overall portfolio volatility.