Sphere Total Current Assets vs Property Plant Equipment 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 Total Current Assets and its Property Plant Equipment 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.
Total Current Assets vs Property Plant Equipment
Total Current Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sphere Entertainment Total Current Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have pay attention.
The correlation between Sphere Entertainment's Total Current Assets and Property Plant Equipment is -0.79. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant Equipment 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 Total Current Assets and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Sphere Entertainment Co are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Current Assets i.e., Sphere Entertainment's Total Current Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.79 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Property Plant Equipment
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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When running Sphere Entertainment's price analysis, check to measure Sphere Entertainment'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 Sphere Entertainment is operating at the current time. Most of Sphere Entertainment's value examination focuses on studying past and present price action to predict the probability of Sphere Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere Entertainment's price. Additionally, you may evaluate how the addition of Sphere Entertainment to your portfolios can decrease your overall portfolio volatility.