Sonoco Long Term Debt Total vs Accounts Payable Analysis
SON Stock | USD 60.28 0.26 0.43% |
Sonoco Products financial indicator trend analysis is much more than just breaking down Sonoco Products prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sonoco Products is a good investment. Please check the relationship between Sonoco Products Long Term Debt Total and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonoco Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.
Long Term Debt Total vs Accounts Payable
Long Term Debt Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sonoco Products Long Term Debt Total account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Sonoco Products' Long Term Debt Total and Accounts Payable is 0.71. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Sonoco Products, assuming nothing else is changed. The correlation between historical values of Sonoco Products' Long Term Debt Total and Accounts Payable 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 Total of Sonoco Products are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Long Term Debt Total i.e., Sonoco Products' Long Term Debt Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Debt Total
Accounts Payable
An accounting item on the balance sheet that represents Sonoco Products 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 Sonoco Products 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.Most indicators from Sonoco Products' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sonoco 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 Sonoco Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.As of the 18th of May 2024, Enterprise Value is likely to grow to about 3.7 B, while Selling General Administrative is likely to drop about 481.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 5.6B | 7.3B | 6.8B | 3.8B | Depreciation And Amortization | 239.1M | 358.7M | 341.0M | 179.5M |
Sonoco Products fundamental ratios Correlations
Click cells to compare fundamentals
Sonoco Products Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sonoco Products fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.1B | 5.3B | 5.1B | 7.1B | 7.2B | 7.6B | |
Short Long Term Debt Total | 1.7B | 1.7B | 1.6B | 3.5B | 3.3B | 3.5B | |
Other Current Liab | (5.7M) | (9.3M) | (7.4M) | (5.5M) | 10.6M | 10.1M | |
Total Current Liabilities | 1.4B | 1.5B | 1.5B | 1.8B | 1.2B | 744.8M | |
Total Stockholder Equity | 1.8B | 1.9B | 1.8B | 2.1B | 2.4B | 1.3B | |
Property Plant And Equipment Net | 1.3B | 1.2B | 1.3B | 2.0B | 2.2B | 2.3B | |
Net Debt | 1.5B | 1.1B | 1.4B | 3.2B | 3.2B | 3.4B | |
Retained Earnings | 2.3B | 2.3B | 2.1B | 2.3B | 2.6B | 2.8B | |
Cash | 145.3M | 564.8M | 171.0M | 227.4M | 151.9M | 127.2M | |
Non Current Assets Total | 3.6B | 3.4B | 3.4B | 4.7B | 5.1B | 5.4B | |
Non Currrent Assets Other | 500.6M | 491.4M | 514.4M | 178.3M | (597.5M) | (567.6M) | |
Cash And Short Term Investments | 145.3M | 564.8M | 171.0M | 227.4M | 151.9M | 127.2M | |
Net Receivables | 811.9M | 762.4M | 851.6M | 962.2M | 1.0B | 516.6M | |
Common Stock Shares Outstanding | 101.2M | 101.2M | 99.6M | 98.7M | 98.9M | 110.4M | |
Liabilities And Stockholders Equity | 5.1B | 5.3B | 5.1B | 7.1B | 7.2B | 7.6B | |
Non Current Liabilities Total | 1.9B | 1.9B | 1.7B | 3.2B | 3.6B | 3.8B | |
Inventory | 503.8M | 450.7M | 562.1M | 1.1B | 773.5M | 812.2M | |
Other Current Assets | 60.2M | 52.6M | 74.0M | 106.4M | 113.4M | 70.1M | |
Other Stockholder Equity | 323.8M | 325.0M | 131.8M | 147.5M | 166.5M | 174.9M | |
Total Liab | 3.3B | 3.4B | 3.2B | 5.0B | 4.8B | 5.0B | |
Total Current Assets | 1.5B | 1.8B | 1.7B | 2.4B | 2.1B | 1.1B | |
Short Term Debt | 488.2M | 455.8M | 411.6M | 502.4M | 47.1M | 44.8M | |
Intangible Assets | 388.3M | 321.9M | 278.1M | 741.6M | 853.7M | 896.4M | |
Accounts Payable | 904.9M | 1.0B | 1.1B | 1.3B | 1.1B | 1.2B | |
Property Plant And Equipment Gross | 1.5B | 1.2B | 1.3B | 2.0B | 5.3B | 5.5B | |
Accumulated Other Comprehensive Income | (816.8M) | (756.8M) | (359.4M) | (430.1M) | (366.3M) | (384.6M) | |
Other Liab | 459.0M | 610.7M | 498.8M | 265.5M | 305.3M | 426.2M | |
Other Assets | 113.0M | 1.1B | 12.1M | 267.6M | 1.0 | 0.95 | |
Long Term Debt | 1.2B | 1.2B | 1.2B | 2.7B | 3.0B | 3.2B | |
Good Will | 1.4B | 1.4B | 1.3B | 1.7B | 1.8B | 1.1B | |
Property Plant Equipment | 1.3B | 1.2B | 1.3B | 2.0B | 2.3B | 1.2B | |
Current Deferred Revenue | 17.0M | 16.7M | 19.0M | 22.4M | 20.2M | 21.2M | |
Net Tangible Assets | 239.0M | 450.5M | 246.9M | (351.1M) | (316.0M) | (300.2M) | |
Noncontrolling Interest In Consolidated Entity | 13.2M | 13.0M | 10.9M | 12.1M | 10.9M | 12.6M | |
Retained Earnings Total Equity | 2.2B | 2.3B | 2.3B | 2.1B | 2.4B | 2.0B | |
Long Term Debt Total | 1.2B | 1.2B | 1.2B | 2.7B | 3.1B | 3.3B |
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Try AI Portfolio ArchitectCheck out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonoco Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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Is Sonoco Products' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sonoco Products. If investors know Sonoco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sonoco Products listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.56) | Dividend Share 2.04 | Earnings Share 3.96 | Revenue Per Share 67.994 | Quarterly Revenue Growth (0.05) |
The market value of Sonoco Products is measured differently than its book value, which is the value of Sonoco that is recorded on the company's balance sheet. Investors also form their own opinion of Sonoco Products' value that differs from its market value or its book value, called intrinsic value, which is Sonoco Products' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sonoco Products' market value can be influenced by many factors that don't directly affect Sonoco Products' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sonoco Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonoco Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonoco Products' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.