Standard Long Term Debt vs Net Invested Capital Analysis

SMP Stock  USD 29.46  0.22  0.74%   
Standard financial indicator trend analysis is much more than just breaking down Standard Motor Products prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Standard Motor Products is a good investment. Please check the relationship between Standard Long Term Debt and its Net Invested Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Standard Motor Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Long Term Debt vs Net Invested Capital

Long Term Debt vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Standard Motor Products Long Term Debt account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Standard's Long Term Debt and Net Invested Capital is 0.71. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Standard Motor Products, assuming nothing else is changed. The correlation between historical values of Standard's Long Term Debt and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Standard Motor Products are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Long Term Debt i.e., Standard's Long Term Debt and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Long Term Debt

Long-term debt is a debt that Standard Motor Products has held for over one year. Long-term debt appears on Standard Motor Products 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 Standard Motor Products 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.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Standard's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Standard Motor Products 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 Standard Motor Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
At this time, Standard's Tax Provision is relatively stable compared to the past year. As of 06/09/2024, Sales General And Administrative To Revenue is likely to grow to 0.25, while Selling General Administrative is likely to drop slightly above 209.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit376.9M382.5M388.8M255.5M
Total Revenue1.3B1.4B1.4B850.7M

Standard fundamental ratios Correlations

0.630.730.850.850.680.640.840.490.820.670.490.860.490.590.99-0.1-0.580.980.370.990.260.890.770.870.69
0.630.670.360.740.881.00.790.560.850.650.560.4-0.080.950.63-0.13-0.880.750.730.6-0.040.350.890.720.31
0.730.670.660.880.850.650.870.510.880.70.510.80.240.710.67-0.08-0.650.770.670.730.00.70.840.670.55
0.850.360.660.750.460.370.690.190.670.610.190.840.660.260.85-0.01-0.280.820.130.870.610.940.60.720.7
0.850.740.880.750.890.730.990.430.970.650.430.860.350.770.82-0.13-0.70.870.660.850.030.770.910.740.64
0.680.880.850.460.890.870.920.530.960.650.530.60.040.930.65-0.2-0.840.760.90.65-0.20.520.930.660.47
0.641.00.650.370.730.870.780.520.840.670.520.41-0.050.940.65-0.12-0.870.760.710.62-0.020.350.880.720.33
0.840.790.870.690.990.920.780.510.990.590.510.820.20.810.8-0.24-0.80.860.680.820.00.730.960.790.52
0.490.560.510.190.430.530.520.510.50.21.00.3-0.250.540.43-0.2-0.660.510.490.43-0.130.340.610.610.07
0.820.850.880.670.970.960.840.990.50.670.510.760.180.860.79-0.22-0.820.870.750.80.010.70.970.780.54
0.670.650.70.610.650.650.670.590.20.670.20.570.530.630.690.22-0.40.750.470.710.190.50.560.490.74
0.490.560.510.190.430.530.520.511.00.510.20.3-0.250.540.42-0.2-0.660.510.50.43-0.130.340.620.610.07
0.860.40.80.840.860.60.410.820.30.760.570.30.530.440.82-0.14-0.450.810.30.880.170.880.680.660.65
0.49-0.080.240.660.350.04-0.050.2-0.250.180.53-0.250.53-0.080.530.510.340.43-0.120.580.380.540.010.130.88
0.590.950.710.260.770.930.940.810.540.860.630.540.44-0.080.58-0.13-0.870.70.850.57-0.320.30.870.60.35
0.990.630.670.850.820.650.650.80.430.790.690.420.820.530.58-0.07-0.550.980.330.990.290.870.740.860.71
-0.1-0.13-0.08-0.01-0.13-0.2-0.12-0.24-0.2-0.220.22-0.2-0.140.51-0.13-0.070.51-0.09-0.10.010.05-0.11-0.25-0.30.43
-0.58-0.88-0.65-0.28-0.7-0.84-0.87-0.8-0.66-0.82-0.4-0.66-0.450.34-0.87-0.550.51-0.66-0.68-0.510.17-0.37-0.89-0.72-0.05
0.980.750.770.820.870.760.760.860.510.870.750.510.810.430.70.98-0.09-0.660.460.970.240.840.840.890.67
0.370.730.670.130.660.90.710.680.490.750.470.50.3-0.120.850.33-0.1-0.680.460.34-0.460.210.720.340.36
0.990.60.730.870.850.650.620.820.430.80.710.430.880.580.570.990.01-0.510.970.340.270.890.740.820.75
0.26-0.040.00.610.03-0.2-0.020.0-0.130.010.19-0.130.170.38-0.320.290.050.170.24-0.460.270.420.030.330.15
0.890.350.70.940.770.520.350.730.340.70.50.340.880.540.30.87-0.11-0.370.840.210.890.420.640.770.64
0.770.890.840.60.910.930.880.960.610.970.560.620.680.010.870.74-0.25-0.890.840.720.740.030.640.830.38
0.870.720.670.720.740.660.720.790.610.780.490.610.660.130.60.86-0.3-0.720.890.340.820.330.770.830.34
0.690.310.550.70.640.470.330.520.070.540.740.070.650.880.350.710.43-0.050.670.360.750.150.640.380.34
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Standard Account Relationship Matchups

Standard fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets912.7M956.5M1.2B1.3B1.3B673.1M
Short Long Term Debt Total85.4M32.7M159.6M280.3M245.2M257.4M
Other Current Liab91.5M192.4M210.8M145.2M196.8M206.6M
Total Current Liabilities309.5M302.6M476.4M323.1M304.3M234.6M
Total Stockholder Equity504.2M550.2M601.6M610.0M635.1M666.8M
Property Plant And Equipment Net125.7M119.1M143.3M157.0M221.9M233.0M
Net Debt75.0M13.2M137.9M259.2M212.7M223.3M
Retained Earnings417.4M463.6M532.3M564.2M573.2M601.9M
Cash10.4M19.5M21.8M21.2M32.5M17.2M
Non Current Assets Total363.3M358.0M486.8M492.5M548.8M576.3M
Non Currrent Assets Other18.8M21.8M25.4M27.5M27.8M24.8M
Cash And Short Term Investments10.4M19.5M21.8M21.2M32.5M17.4M
Net Receivables135.5M198.0M180.6M167.6M160.3M141.3M
Common Stock Shares Outstanding22.8M22.8M22.6M22.1M22.2M19.3M
Liabilities And Stockholders Equity912.7M956.5M1.2B1.3B1.3B673.1M
Non Current Liabilities Total99.0M103.7M109.0M310.8M337.9M354.8M
Inventory387.9M365.1M491.0M548.4M525.3M273.5M
Other Current Assets15.6M15.9M17.8M25.2M26.1M24.8M
Other Stockholder Equity47.5M44.4M29.6M10.4M14.0M13.3M
Total Liab408.5M406.3M585.3M633.9M642.2M372.4M
Property Plant And Equipment Gross125.7M119.1M102.8M107.1M481.6M505.7M
Total Current Assets549.4M598.5M711.2M762.4M744.2M458.7M
Accumulated Other Comprehensive Income(8.6M)(5.7M)(8.2M)(12.5M)(6.0M)(6.3M)
Short Term Debt56.9M10.1M128.4M55.0M5.0M4.8M
Accounts Payable92.5M100.0M137.2M89.2M107.5M65.1M
Good Will77.8M77.8M131.7M132.1M134.7M141.5M
Intangible Assets64.9M54.0M106.2M100.5M92.3M51.7M
Other Liab70.5M81.2M77.7M85.5M98.3M67.1M
Other Assets56.1M137.1M3K59.2M(10K)(9.5K)
Long Term Debt129K97K21K184.6M151.2M158.7M
Treasury Stock(53.7M)(55.2M)(60.7M)(75.8M)(68.2M)(64.8M)
Property Plant Equipment89.6M89.1M143.3M107.1M123.2M93.7M
Current Deferred Revenue35.9M88.7M68.5M33.7M(5.0M)(4.8M)
Net Tangible Assets504.2M550.2M601.6M610.0M701.5M487.9M
Retained Earnings Total Equity417.4M463.6M532.3M564.2M648.9M382.3M
Capital Surpluse102.7M105.1M105.4M105.6M121.5M105.7M

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Additional Tools for Standard Stock Analysis

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