Socket Short Long Term Debt vs Intangible Assets Analysis
SCKT Stock | USD 1.08 0.01 0.92% |
Socket Mobile financial indicator trend analysis is much more than just breaking down Socket Mobile prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Socket Mobile is a good investment. Please check the relationship between Socket Mobile Short Long Term Debt and its Intangible Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Socket Mobile. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.
Short Long Term Debt vs Intangible Assets
Short Long Term Debt vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Socket Mobile Short Long Term Debt account and Intangible Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Socket Mobile's Short Long Term Debt and Intangible Assets is 0.81. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Socket Mobile, assuming nothing else is changed. The correlation between historical values of Socket Mobile's Short Long Term Debt and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Socket Mobile are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Short Long Term Debt i.e., Socket Mobile's Short Long Term Debt and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Long Term Debt
The total of a company’s short-term and long-term borrowings.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from Socket Mobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Socket Mobile 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 Socket Mobile. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.Selling General Administrative is likely to drop to about 2.6 M in 2024. Tax Provision is likely to drop to about (726.6 K) in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 12.4M | 10.4M | 8.5M | 8.6M | Total Revenue | 23.2M | 21.2M | 17.0M | 17.8M |
Socket Mobile fundamental ratios Correlations
Click cells to compare fundamentals
Socket Mobile Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Socket Mobile fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 19.5M | 15.1M | 25.6M | 28.6M | 28.7M | 17.1M | |
Short Long Term Debt Total | 2.9M | 2.2M | 2.2M | 5.2M | 6.3M | 6.6M | |
Other Current Liab | 574.2K | (1.5M) | 692.9K | 742.0K | 580.0K | 609.0K | |
Total Current Liabilities | 4.7M | 2.2M | 4.6M | 4.4M | 6.5M | 5.7M | |
Total Stockholder Equity | 13.2M | 10.6M | 20.0M | 20.3M | 19.4M | 20.4M | |
Property Plant And Equipment Net | 1.8M | 1.5M | 1.3M | 5.2M | 6.1M | 6.4M | |
Net Debt | 1.9M | 61K | (3.9M) | 1.6M | 3.5M | 3.6M | |
Retained Earnings | (47.8M) | (51.1M) | (46.1M) | (46.0M) | (47.9M) | (50.3M) | |
Accounts Payable | 2.1M | 1.4M | 2.2M | 1.7M | 1.6M | 2.6M | |
Cash | 959K | 2.1M | 6.1M | 3.6M | 2.8M | 2.2M | |
Non Current Assets Total | 11.9M | 7.1M | 11.2M | 15.8M | 18.4M | 19.3M | |
Cash And Short Term Investments | 959K | 2.1M | 6.1M | 3.6M | 2.8M | 2.2M | |
Net Receivables | 2.8M | 2.1M | 2.6M | 2.7M | 1.7M | 2.4M | |
Common Stock Shares Outstanding | 6.2M | 6.0M | 8.9M | 7.5M | 7.2M | 4.4M | |
Liabilities And Stockholders Equity | 19.5M | 15.1M | 25.6M | 28.6M | 28.7M | 30.2M | |
Non Current Liabilities Total | 1.5M | 2.2M | 915K | 3.9M | 2.8M | 3.0M | |
Inventory | 3.2M | 3.2M | 5.2M | 5.6M | 5.5M | 5.8M | |
Other Current Assets | 312K | 335K | 395K | 617K | 317.0K | 291.8K | |
Other Stockholder Equity | 2.5M | 63.7M | 61.7M | (830K) | 67.3M | 70.7M | |
Total Liab | 6.2M | 4.4M | 5.5M | 8.3M | 9.3M | 7.2M | |
Total Current Assets | 7.5M | 7.9M | 14.4M | 12.8M | 10.4M | 8.0M | |
Short Term Debt | 1.4M | 1.9M | 1.3M | 1.4M | 3.5M | 3.6M | |
Non Currrent Assets Other | 202K | 159K | 140K | 250K | 571.9K | 600.5K | |
Property Plant And Equipment Gross | 1.8M | 847.7K | 1.3M | 5.2M | 9.4M | 9.9M | |
Current Deferred Revenue | 611K | 451K | 407K | 629K | 845.6K | 803.3K | |
Common Stock Total Equity | 7.0K | 5.9K | 6.0K | 6.1K | 5.5K | 10.6K | |
Common Stock | 61.1M | 61.7M | 66.1M | 67.2M | 7.3K | 7.0K | |
Other Assets | 5.7M | 6.3M | 8.1M | 8.9M | 10.3M | 10.8M | |
Long Term Debt | 333K | 1.4M | 625K | 125K | 143.8K | 235.4K | |
Property Plant Equipment | 1.8M | 1.5M | 1.3M | 5.2M | 6.0M | 6.3M | |
Other Liab | 40.7K | 28.8K | 32K | 34K | 30.6K | 29.1K | |
Retained Earnings Total Equity | (47.6M) | (48.1M) | (47.8M) | (51.1M) | (46.0M) | (48.3M) | |
Deferred Long Term Liab | 25.6K | 31.3K | 40.7K | 28.8K | 25.9K | 24.6K | |
Net Tangible Assets | 8.8M | 10.6M | 18.2M | 18.6M | 21.4M | 22.5M | |
Capital Surpluse | 64.8M | 60.5M | 61.1M | 61.7M | 55.6M | 49.6M | |
Non Current Liabilities Other | 271.4K | 205.9K | 715.1K | 258.1K | 296.8K | 360.7K | |
Accumulated Depreciation | (2.2M) | (2.5M) | (2.7M) | (2.9M) | (3.3M) | (3.4M) |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Socket Mobile in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Socket Mobile's short interest history, or implied volatility extrapolated from Socket Mobile options trading.
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Socket Mobile. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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Is Socket Mobile's 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 Socket Mobile. If investors know Socket 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 Socket Mobile 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) | Earnings Share (0.27) | Revenue Per Share 2.42 | Quarterly Revenue Growth 0.154 | Return On Assets (0.06) |
The market value of Socket Mobile is measured differently than its book value, which is the value of Socket that is recorded on the company's balance sheet. Investors also form their own opinion of Socket Mobile's value that differs from its market value or its book value, called intrinsic value, which is Socket Mobile'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 Socket Mobile's market value can be influenced by many factors that don't directly affect Socket Mobile'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 Socket Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Socket Mobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Socket Mobile'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.