Shenandoah Total Current Assets vs Cash Analysis
SHEN Stock | USD 14.60 0.05 0.34% |
Shenandoah Telecommunicatio financial indicator trend analysis is much more than just breaking down Shenandoah Telecommunicatio prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenandoah Telecommunicatio is a good investment. Please check the relationship between Shenandoah Telecommunicatio Total Current Assets and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shenandoah Telecommunications Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Total Current Assets vs Cash
Total Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenandoah Telecommunicatio Total Current Assets account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Shenandoah Telecommunicatio's Total Current Assets and Cash is 0.7. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Shenandoah Telecommunications Co, assuming nothing else is changed. The correlation between historical values of Shenandoah Telecommunicatio's Total Current Assets and Cash 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 Shenandoah Telecommunications Co are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., Shenandoah Telecommunicatio's Total Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Cash
Cash refers to the most liquid asset of Shenandoah Telecommunicatio, which is listed under current asset account on Shenandoah Telecommunications Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shenandoah Telecommunicatio customers. The amounts must be unrestricted with restricted cash listed in a different Shenandoah Telecommunicatio account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Shenandoah Telecommunicatio's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenandoah Telecommunicatio 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 Shenandoah Telecommunications Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. At this time, Shenandoah Telecommunicatio's Tax Provision is very stable compared to the past year. As of the 29th of September 2024, Discontinued Operations is likely to grow to about 1.2 B, while Selling General Administrative is likely to drop about 67 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 984.1M | 9.2M | 10.6M | 10.0M | Depreciation And Amortization | 55.6M | 69.4M | 66.1M | 51.3M |
Shenandoah Telecommunicatio fundamental ratios Correlations
Click cells to compare fundamentals
Shenandoah Telecommunicatio Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shenandoah Telecommunicatio fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 2.0B | 890.7M | 977.7M | 1.2B | 1.3B | |
Short Long Term Debt Total | 762.8M | 738.0M | 56.6M | 128.3M | 352.7M | 216.8M | |
Other Current Liab | 24.4M | 37.2M | 24.3M | 35.2M | 21.4M | 11.5M | |
Total Current Liabilities | 147.3M | 755.9M | 67.3M | 100.2M | 98.4M | 72.0M | |
Total Stockholder Equity | 469.4M | 582.4M | 642.3M | 638.0M | 652.7M | 685.3M | |
Property Plant And Equipment Net | 1.1B | 490.8M | 610.6M | 741.4M | 930.1M | 976.6M | |
Net Debt | 586.8M | 542.6M | (27.7M) | 84.2M | 213.5M | 168.5M | |
Retained Earnings | 427.0M | 539.8M | 592.9M | 580.6M | 584.1M | 613.3M | |
Accounts Payable | 40.3M | 19.6M | 28.5M | 49.2M | 53.5M | 56.2M | |
Cash | 101.7M | 195.4M | 84.3M | 44.1M | 139.3M | 146.2M | |
Non Current Assets Total | 1.6B | 623.0M | 724.4M | 849.2M | 1.0B | 1.1B | |
Non Currrent Assets Other | (83.1M) | (139.0M) | 610.6M | (71.3M) | 6.9M | 7.3M | |
Cash And Short Term Investments | 101.7M | 195.4M | 84.3M | 44.1M | 139.3M | 146.2M | |
Net Receivables | 118.7M | 70.4M | 52.2M | 50.4M | 24.5M | 30.9M | |
Common Stock Shares Outstanding | 50.1M | 50.0M | 50.1M | 50.2M | 50.7M | 52.0M | |
Short Term Investments | 4.9M | 1.4M | 13.8M | 801K | 1.4M | 2.7M | |
Liabilities And Stockholders Equity | 1.9B | 2.0B | 890.7M | 977.7M | 1.2B | 1.3B | |
Non Current Liabilities Total | 1.2B | 693.5M | 181.2M | 239.5M | 463.2M | 284.5M | |
Inventory | 5.7M | 1.1B | (136.5M) | 22.6M | 9.8M | 9.3M | |
Other Current Assets | 137.4M | 80.0M | 166.4M | 11.5M | 2.5M | 2.4M | |
Other Stockholder Equity | 42.1M | 47.3M | 49.4M | 57.5M | 66.9M | 58.4M | |
Total Liab | 1.4B | 1.4B | 248.5M | 339.7M | 561.6M | 356.5M | |
Property Plant And Equipment Gross | 1.1B | 490.8M | 1.1B | 741.4M | 1.4B | 1.5B | |
Total Current Assets | 239.0M | 1.4B | 166.4M | 128.6M | 176.1M | 128.5M | |
Accumulated Other Comprehensive Income | 8.3M | 308K | (4.7M) | 1.7M | 1.5M | 1.6M | |
Short Term Debt | 74.3M | 690.4M | 3.3M | 3.5M | 10.2M | 9.7M | |
Current Deferred Revenue | 8.4M | 8.6M | 11.1M | 12.4M | 13.2M | 8.7M | |
Intangible Assets | 314.1M | 103.5M | 86.6M | 78.3M | 77.9M | 107.7M | |
Other Liab | 201.4M | 193.7M | 127.9M | 117.0M | 134.6M | 70.8M | |
Other Assets | 52.1M | 75.8M | 12.6M | 15.1M | 17.4M | 13.6M | |
Long Term Debt | 757.6M | 749.6M | 688.5M | 74.3M | 292.8M | 245.4M | |
Property Plant Equipment | 700.1M | 440.4M | 610.6M | 687.6M | 790.7M | 830.2M | |
Net Tangible Assets | 6.2M | 475.6M | 552.4M | 638.0M | 733.7M | 770.4M | |
Retained Earnings Total Equity | 427.0M | 539.8M | 592.9M | 580.6M | 667.6M | 701.0M | |
Long Term Debt Total | 757.6M | 749.6M | 688.5M | 74.3M | 85.5M | 81.2M | |
Capital Surpluse | 42.1M | 47.3M | 49.4M | 57.5M | 66.1M | 48.7M | |
Deferred Long Term Liab | 6.1M | 10.3M | 5.6M | 5.8M | 5.3M | 5.0M |
Pair Trading with Shenandoah Telecommunicatio
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Shenandoah Telecommunicatio position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Shenandoah Telecommunicatio will appreciate offsetting losses from the drop in the long position's value.Moving against Shenandoah Stock
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The ability to find closely correlated positions to Shenandoah Telecommunicatio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shenandoah Telecommunicatio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Shenandoah Telecommunicatio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Shenandoah Telecommunications Co to buy it.
The correlation of Shenandoah Telecommunicatio is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shenandoah Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shenandoah Telecommunicatio moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Shenandoah Telecommunicatio can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Information and Resources on Investing in Shenandoah Stock
When determining whether Shenandoah Telecommunicatio offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Shenandoah Telecommunicatio's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Shenandoah Telecommunications Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Shenandoah Telecommunications Co Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shenandoah Telecommunications Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Wireless Telecommunication Services space 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 Shenandoah Telecommunicatio. If investors know Shenandoah 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 Shenandoah Telecommunicatio 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 116.295 | Dividend Share 0.09 | Earnings Share (0.15) | Revenue Per Share 5.988 | Quarterly Revenue Growth 0.287 |
The market value of Shenandoah Telecommunicatio is measured differently than its book value, which is the value of Shenandoah that is recorded on the company's balance sheet. Investors also form their own opinion of Shenandoah Telecommunicatio's value that differs from its market value or its book value, called intrinsic value, which is Shenandoah Telecommunicatio's 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 Shenandoah Telecommunicatio's market value can be influenced by many factors that don't directly affect Shenandoah Telecommunicatio's 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 Shenandoah Telecommunicatio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shenandoah Telecommunicatio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shenandoah Telecommunicatio's 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.