Steel Common Stock Shares Outstanding vs Cash And Short Term Investments Analysis
STLD Stock | USD 135.47 4.68 3.58% |
Steel Dynamics financial indicator trend analysis is much more than just breaking down Steel Dynamics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Steel Dynamics is a good investment. Please check the relationship between Steel Dynamics Common Stock Shares Outstanding and its Cash And Short Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Dynamics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.
Common Stock Shares Outstanding vs Cash And Short Term Investments
Common Stock Shares Outstanding vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Steel Dynamics Common Stock Shares Outstanding account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Steel Dynamics' Common Stock Shares Outstanding and Cash And Short Term Investments is -0.17. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Steel Dynamics, assuming nothing else is changed. The correlation between historical values of Steel Dynamics' Common Stock Shares Outstanding and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Steel Dynamics are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Common Stock Shares Outstanding i.e., Steel Dynamics' Common Stock Shares Outstanding and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.17 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Steel Dynamics balance sheet. This account contains Steel Dynamics investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Steel Dynamics fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Steel Dynamics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Steel Dynamics 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 Steel Dynamics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.At present, Steel Dynamics' Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 1.1B | 1.0B | 588.6M | 348.9M | Cost Of Revenue | 13.0B | 16.1B | 14.7B | 15.5B |
Steel Dynamics fundamental ratios Correlations
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Steel Dynamics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Steel Dynamics fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.3B | 9.3B | 12.5B | 14.2B | 15.0B | 15.7B | |
Short Long Term Debt Total | 2.7B | 3.1B | 3.1B | 3.1B | 3.2B | 1.9B | |
Other Current Liab | 404.0M | 402.4M | 849.6M | 957.7M | 757.5M | 795.3M | |
Total Current Liabilities | 1.0B | 1.3B | 2.2B | 2.0B | 2.3B | 2.4B | |
Total Stockholder Equity | 4.1B | 4.3B | 6.3B | 8.1B | 8.9B | 9.3B | |
Property Plant And Equipment Net | 3.1B | 4.1B | 4.8B | 5.4B | 6.9B | 7.2B | |
Net Debt | 1.4B | 1.7B | 1.9B | 1.4B | 1.8B | 1.4B | |
Retained Earnings | 4.4B | 4.8B | 7.8B | 11.4B | 13.5B | 14.2B | |
Accounts Payable | 513.3M | 769.5M | 1.3B | 1.0B | 1.1B | 1.1B | |
Cash | 1.4B | 1.4B | 1.2B | 1.6B | 1.4B | 1.5B | |
Non Current Assets Total | 4.0B | 5.0B | 5.6B | 6.5B | 8.2B | 8.6B | |
Non Currrent Assets Other | 106.0M | 119.7M | 129.6M | (515.9M) | 518.0M | 543.9M | |
Cash And Short Term Investments | 1.6B | 1.4B | 1.2B | 2.3B | 2.1B | 2.2B | |
Net Receivables | 844.3M | 971.9M | 1.9B | 2.1B | 1.6B | 1.7B | |
Common Stock Shares Outstanding | 220.7M | 212.3M | 206.6M | 184.6M | 167.4M | 228.0M | |
Liabilities And Stockholders Equity | 8.3B | 9.3B | 12.5B | 14.2B | 15.0B | 15.7B | |
Non Current Liabilities Total | 3.2B | 3.7B | 4.0B | 4.0B | 3.8B | 2.2B | |
Inventory | 1.7B | 1.8B | 3.5B | 3.1B | 2.9B | 3.0B | |
Other Current Assets | 76.0M | 74.4M | 209.6M | 195.4M | 162.8M | 170.9M | |
Other Stockholder Equity | (344.1M) | (416.4M) | (1.5B) | (3.2B) | (4.7B) | (4.4B) | |
Total Liab | 4.2B | 4.9B | 6.2B | 6.1B | 6.1B | 6.5B | |
Total Current Assets | 4.3B | 4.3B | 6.9B | 7.6B | 6.8B | 7.1B | |
Short Term Debt | 89.4M | 86.9M | 97.2M | 57.3M | 481.0M | 505.0M | |
Property Plant And Equipment Gross | 3.1B | 4.1B | 8.3B | 9.2B | 10.9B | 11.5B | |
Accumulated Other Comprehensive Income | (7K) | 1.9M | (2.1M) | 889K | 421K | 442.1K | |
Common Stock | 646K | 648K | 649K | 650K | 651K | 651.2K | |
Other Assets | 30.9M | 119.7M | 129.6M | 268.1M | 308.3M | 323.7M | |
Long Term Debt | 2.6B | 3.0B | 3.0B | 3.0B | 2.6B | 2.0B | |
Treasury Stock | (1.2B) | (1.5B) | (1.6B) | (2.7B) | (2.4B) | (2.3B) | |
Property Plant Equipment | 3.1B | 4.1B | 4.8B | 5.5B | 6.3B | 6.6B | |
Other Liab | 501.3M | 642.8M | 975.0M | 926.8M | 1.1B | 1.1B | |
Good Will | 452.9M | 457.2M | 453.8M | 502.1M | 477.5M | 432.6M | |
Intangible Assets | 327.9M | 324.6M | 295.3M | 267.5M | 257.8M | 282.4M | |
Net Tangible Assets | 3.4B | 3.7B | 5.6B | 7.4B | 8.5B | 8.9B | |
Noncontrolling Interest In Consolidated Entity | (159.1M) | (154.6M) | (155.6M) | (195.9M) | (176.3M) | (167.5M) | |
Retained Earnings Total Equity | 4.0B | 4.4B | 4.8B | 7.8B | 8.9B | 9.4B | |
Long Term Debt Total | 2.4B | 2.6B | 3.0B | 3.0B | 3.5B | 2.7B |
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When determining whether Steel Dynamics is a strong investment it is important to analyze Steel Dynamics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Steel Dynamics' future performance. For an informed investment choice regarding Steel Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Dynamics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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Is Steel Dynamics' 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 Steel Dynamics. If investors know Steel 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 Steel Dynamics 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 (0.01) | Dividend Share 1.735 | Earnings Share 14.6 | Revenue Per Share 113.864 | Quarterly Revenue Growth (0.04) |
The market value of Steel Dynamics is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Steel Dynamics' 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 Steel Dynamics' market value can be influenced by many factors that don't directly affect Steel Dynamics' 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 Steel Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Dynamics' 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.