Sonos Short Term Investments vs Short Term Debt Analysis
SONO Stock | USD 17.04 0.20 1.16% |
Sonos financial indicator trend analysis is much more than just breaking down Sonos Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sonos Inc is a good investment. Please check the relationship between Sonos Short Term Investments and its Short Term Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonos Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Short Term Investments vs Short Term Debt
Short Term Investments vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sonos Inc Short Term Investments account and Short Term Debt. At this time, the significance of the direction appears to have no relationship.
The correlation between Sonos' Short Term Investments and Short Term Debt is 0.02. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Sonos Inc, assuming nothing else is changed. The correlation between historical values of Sonos' Short Term Investments and Short Term Debt 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 Term Investments of Sonos Inc are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Short Term Investments i.e., Sonos' Short Term Investments and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.02 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of Sonos balance sheet. It contains any investments Sonos Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Sonos Inc can easily liquidate in the marketplace.Short Term Debt
Most indicators from Sonos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sonos Inc 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 Sonos Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Sonos' Tax Provision is very stable compared to the past year. As of the 17th of May 2024, Enterprise Value is likely to grow to about 1.4 B, while Selling General Administrative is likely to drop about 145.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 796.4M | 716.5M | 824.0M | 571.4M | Total Revenue | 1.8B | 1.7B | 1.9B | 1.2B |
Sonos fundamental ratios Correlations
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Sonos Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sonos fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 816.1M | 1.1B | 1.2B | 1.0B | 1.2B | 746.0M | |
Other Current Liab | 109.8M | 214.5M | 162.0M | 34.3M | 39.4M | 37.4M | |
Total Current Liabilities | 393.0M | 476.1M | 535.6M | 354.2M | 407.4M | 333.7M | |
Total Stockholder Equity | 297.8M | 569.0M | 560.5M | 518.7M | 596.5M | 299.1M | |
Other Liab | 53.4M | 56.6M | 59.7M | 66.6M | 76.6M | 50.8M | |
Net Tangible Assets | 279.9M | 255.9M | 529.0M | 392.1M | 451.0M | 473.5M | |
Retained Earnings | (228.5M) | (69.9M) | (2.5M) | (12.8M) | (14.7M) | (15.4M) | |
Accounts Payable | 250.3M | 215.0M | 335.8M | 188.0M | 216.2M | 188.9M | |
Cash | 407.1M | 640.1M | 274.9M | 220.2M | 253.3M | 285.1M | |
Other Assets | 3.3M | 10.6M | 36.1M | 38.1M | 43.9M | 46.0M | |
Net Receivables | 54.9M | 100.8M | 101.2M | 67.6M | 77.7M | 70.2M | |
Common Stock Total Equity | 110K | 114K | 129K | 130K | 149.5K | 96.0K | |
Inventory | 180.8M | 185.1M | 454.3M | 346.5M | 398.5M | 202.2M | |
Other Current Assets | 17.5M | 31.5M | 37.0M | 25.3M | 29.1M | 18.5M | |
Other Stockholder Equity | 528.1M | 640.2M | 566.5M | 534.8M | 615.0M | 321.2M | |
Total Liab | 518.2M | 569.8M | 627.9M | 483.6M | 556.1M | 457.6M | |
Total Current Assets | 660.4M | 957.5M | 867.4M | 659.6M | 758.6M | 572.8M | |
Accumulated Other Comprehensive Income | (1.9M) | (1.4M) | (3.6M) | (3.4M) | (3.1M) | (2.9M) | |
Treasury Stock | (13.5M) | (20.9M) | (50.3M) | (50.9M) | (45.8M) | (43.5M) | |
Short Term Debt | 17.6M | 10.7M | 10.5M | 111.8M | 128.6M | 135.0M | |
Intangible Assets | 26.4M | 24.5M | 91.1M | 90.0M | 103.5M | 108.7M | |
Common Stock | 110K | 114K | 129K | 130K | 149.5K | 94.1K | |
Property Plant Equipment | 78.1M | 60.8M | 71.3M | 114.5M | 131.7M | 85.0M | |
Common Stock Shares Outstanding | 109.8M | 140.3M | 137.8M | 127.7M | 146.9M | 114.4M | |
Short Long Term Debt Total | 86.2M | 44.7M | 36.1M | 55.0M | 63.2M | 49.4M | |
Property Plant And Equipment Net | 103.1M | 105.2M | 114.5M | 136.0M | 156.4M | 111.1M | |
Current Deferred Revenue | 15.3M | 35.9M | 27.3M | 20.2M | 23.2M | 19.6M | |
Net Debt | (320.9M) | (595.4M) | (238.7M) | (165.3M) | (148.7M) | (156.2M) | |
Non Current Assets Total | 155.7M | 181.3M | 321.0M | 342.6M | 394.0M | 413.7M | |
Non Currrent Assets Other | 8.8M | 26.1M | 36.6M | 34.5M | 39.7M | 41.7M | |
Cash And Short Term Investments | 407.1M | 640.1M | 274.9M | 220.2M | 253.3M | 291.2M | |
Liabilities And Stockholders Equity | 816.1M | 1.1B | 1.2B | 1.0B | 1.2B | 848.9M | |
Non Current Liabilities Total | 125.2M | 93.6M | 92.2M | 129.4M | 116.4M | 96.9M | |
Property Plant And Equipment Gross | 103.1M | 265.3M | 114.5M | 136.0M | 156.4M | 133.1M |
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Try AI Portfolio ArchitectCheck out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonos Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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Is Sonos' 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 Sonos. If investors know Sonos 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 Sonos 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 0.123 | Earnings Share (0.34) | Revenue Per Share 12.24 | Quarterly Revenue Growth (0.17) | Return On Assets (0.01) |
The market value of Sonos Inc is measured differently than its book value, which is the value of Sonos that is recorded on the company's balance sheet. Investors also form their own opinion of Sonos' value that differs from its market value or its book value, called intrinsic value, which is Sonos' 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 Sonos' market value can be influenced by many factors that don't directly affect Sonos' 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 Sonos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonos' 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.