Sphere Net Debt vs Accounts Payable Analysis
SPHR Stock | 37.75 1.25 3.42% |
Sphere Entertainment financial indicator trend analysis is much more than just breaking down Sphere Entertainment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sphere Entertainment is a good investment. Please check the relationship between Sphere Entertainment Net Debt and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sphere Entertainment Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Net Debt vs Accounts Payable
Net Debt vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sphere Entertainment Net Debt account and Accounts Payable. At this time, the significance of the direction appears to have very week relationship.
The correlation between Sphere Entertainment's Net Debt and Accounts Payable is 0.2. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Sphere Entertainment Co, assuming nothing else is changed. The correlation between historical values of Sphere Entertainment's Net Debt 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 Net Debt of Sphere Entertainment Co 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 Net Debt i.e., Sphere Entertainment's Net Debt and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.2 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.Accounts Payable
An accounting item on the balance sheet that represents Sphere Entertainment 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 Sphere Entertainment 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 Sphere Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sphere Entertainment 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 Sphere Entertainment Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. At this time, Sphere Entertainment's Tax Provision is relatively stable compared to the past year. As of 06/04/2024, Discontinued Operations is likely to grow to about 399.4 M, while Sales General And Administrative To Revenue is likely to drop 0.38.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 48.5M | 116.0M | 133.5M | 140.1M | Depreciation And Amortization | 124.6M | 103.4M | 118.9M | 122.8M |
Sphere Entertainment fundamental ratios Correlations
Click cells to compare fundamentals
Sphere Entertainment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sphere Entertainment fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 24.0M | 34.1M | 34.3M | 34.9M | 40.2M | 31.3M | |
Total Assets | 3.7B | 5.3B | 5.5B | 5.0B | 5.7B | 4.8B | |
Short Long Term Debt Total | 261.2M | 2.0B | 1.1B | 1.3B | 1.5B | 887.5M | |
Other Current Liab | 244.6M | 366.2M | 882.2M | 532.5M | 612.4M | 461.5M | |
Total Current Liabilities | 510.0M | 729.9M | 961.1M | 692.1M | 796.0M | 706.0M | |
Total Stockholder Equity | 2.9B | 2.2B | 2.0B | 2.6B | 2.3B | 1.9B | |
Property Plant And Equipment Net | 1.9B | 2.4B | 2.2B | 3.4B | 3.9B | 2.3B | |
Current Deferred Revenue | 189.3M | 209.7M | 4.3M | 27.3M | 24.6M | 23.4M | |
Net Debt | (645.4M) | 494.6M | 339.2M | 1.2B | 1.4B | 1.4B | |
Retained Earnings | 142.3M | (96.3M) | (290.7M) | 212.0M | 243.8M | 256.0M | |
Accounts Payable | 17.3M | 26.6M | 2.0M | 39.7M | 45.6M | 25.3M | |
Cash | 906.6M | 1.5B | 747.3M | 132.0M | 118.8M | 112.8M | |
Non Current Assets Total | 2.3B | 3.4B | 4.3B | 4.3B | 5.0B | 3.4B | |
Non Currrent Assets Other | (13.7M) | (77.8M) | 1.3B | (5.2M) | (5.9M) | (5.6M) | |
Cash And Short Term Investments | 1.2B | 1.5B | 747.3M | 132.0M | 118.8M | 112.8M | |
Net Receivables | 80.2M | 216.5M | 126.4M | 160.5M | 184.6M | 137.3M | |
Liabilities And Stockholders Equity | 3.7B | 5.3B | 5.5B | 5.0B | 5.7B | 4.8B | |
Non Current Liabilities Total | 334.8M | 2.2B | 2.4B | 1.7B | 2.0B | 1.3B | |
Inventory | 79.9M | 101.4M | 339.1M | 327.1M | 376.2M | 395.0M | |
Other Current Assets | 22.6M | 37.8M | 5.9M | 4.3M | 3.9M | 3.7M | |
Other Stockholder Equity | 2.8B | 2.3B | 2.3B | 2.4B | 2.7B | 1.8B | |
Total Liab | 844.8M | 3.0B | 3.4B | 2.4B | 2.7B | 2.0B | |
Total Current Assets | 1.4B | 1.9B | 1.2B | 623.9M | 561.5M | 1.0B | |
Accumulated Other Comprehensive Income | (51.9M) | (30.3M) | (48.4M) | (4.9M) | (5.7M) | (6.0M) | |
Short Term Debt | 58.8M | 127.4M | 72.6M | 92.6M | 106.5M | 66.3M | |
Intangible Assets | 214.2M | 262.1M | 21.0M | 17.9M | 16.1M | 15.3M | |
Common Stock | 240K | 340K | 342K | 347K | 312.3K | 296.7K | |
Long Term Debt | 28.1M | 655.1M | 1.7B | 1.1B | 1.3B | 774.3M | |
Net Invested Capital | 2.9B | 3.1B | 3.7B | 3.8B | 4.4B | 3.5B | |
Long Term Investments | 52.6M | 46.0M | 43.8M | 394.5M | 453.7M | 476.4M | |
Short Long Term Debt | 5.4M | 5.7M | 73.8M | 82.5M | 94.9M | 99.6M | |
Capital Stock | 240K | 241K | 342K | 347K | 312.3K | 296.7K | |
Non Current Liabilities Other | 78.3M | 73.8M | 145.5M | 88.8M | 102.1M | 98.1M | |
Net Working Capital | 916.5M | 759.3M | 262.2M | (68.2M) | (61.4M) | (58.3M) |
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