Workhorse Current Deferred Revenue vs Net Debt Analysis
WKHS Stock | USD 0.17 0.01 6.25% |
Workhorse financial indicator trend analysis is more than just analyzing Workhorse Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Workhorse Group is a good investment. Please check the relationship between Workhorse Current Deferred Revenue and its Net Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse Group. 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.
Current Deferred Revenue vs Net Debt
Current Deferred Revenue vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Workhorse Group Current Deferred Revenue account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Workhorse's Current Deferred Revenue and Net Debt is -0.09. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Debt in the same time period over historical financial statements of Workhorse Group, assuming nothing else is changed. The correlation between historical values of Workhorse's Current Deferred Revenue and Net 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 Current Deferred Revenue of Workhorse Group are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Current Deferred Revenue i.e., Workhorse's Current Deferred Revenue and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Workhorse's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Workhorse Group 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse Group. 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, Workhorse's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 68.7 M in 2024, despite the fact that Tax Provision is likely to grow to (105 K).
Workhorse fundamental ratios Correlations
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Workhorse Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Workhorse fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 50.7M | 632.5M | 228.1M | 182.7M | 141.7M | 84.1M | |
Total Current Liabilities | 47.0M | 17.6M | 27.6M | 63.3M | 53.3M | 55.9M | |
Total Stockholder Equity | (34.9M) | 395.2M | 174.7M | 108.6M | 83.1M | 45.7M | |
Retained Earnings | (178.8M) | (109.0M) | (510.4M) | (627.6M) | (751.6M) | (714.0M) | |
Accounts Payable | 1.7M | 4.8M | 7.8M | 11.9M | 12.5M | 13.1M | |
Non Current Assets Total | 19.2M | 342.0M | 11.9M | 43.4M | 47.8M | 34.0M | |
Non Currrent Assets Other | 129.2K | 94.7K | 2.5M | 176.3K | 176.3K | 167.5K | |
Net Receivables | 41.0K | 1.0M | 149.8K | 17.1M | 4.5M | 2.3M | |
Common Stock Shares Outstanding | 64.3M | 92.9M | 128.7M | 158.6M | 207.3M | 217.7M | |
Liabilities And Stockholders Equity | 50.7M | 632.5M | 228.1M | 182.7M | 141.7M | 84.1M | |
Non Current Liabilities Total | 38.5M | 219.7M | 25.9M | 10.8M | 5.3M | 5.0M | |
Other Stockholder Equity | 146.5M | 504.1M | 686.3M | 736.1M | 834.4M | 876.1M | |
Total Liab | 85.6M | 237.3M | 53.4M | 74.2M | 58.6M | 38.4M | |
Total Current Assets | 31.5M | 290.5M | 216.2M | 139.4M | 93.8M | 52.1M | |
Short Long Term Debt Total | 39.0M | 199.1M | 26.3M | 10.1M | 29.0M | 23.7M | |
Other Current Liab | 25.4M | 11.4M | 19.3M | 46.8M | 12.4M | 9.2M | |
Current Deferred Revenue | 406K | 303K | 14.8M | 3.4M | 4.7M | 2.5M | |
Net Debt | 15.2M | 152.3M | (175.4M) | (89.2M) | (6.8M) | (7.2M) | |
Cash | 23.9M | 46.8M | 201.6M | 99.3M | 35.8M | 29.0M | |
Cash And Short Term Investments | 23.9M | 46.8M | 201.6M | 99.3M | 35.8M | 29.0M | |
Other Current Assets | 5.8M | 227.2M | 4.4M | 505.4K | 8.1M | 7.7M | |
Short Term Debt | 19.6M | 1.4M | 363.7K | 1.3M | 23.7M | 24.9M | |
Property Plant And Equipment Net | 6.8M | 11.4M | 9.4M | 33.2M | 47.7M | 50.1M | |
Common Stock Total Equity | 67.1K | 121.9K | 151.9K | 165.6K | 190.4K | 200.0K | |
Property Plant And Equipment Gross | 6.8M | 11.4M | 14.8M | 38.6M | 56.8M | 59.7M | |
Accumulated Other Comprehensive Income | (2.4M) | (2.6M) | 0.0 | (1.4M) | (1.3M) | (1.3M) | |
Common Stock | 67.1K | 121.9K | 151.9K | 165.6K | 286.0K | 300.3K | |
Inventory | 1.8M | 15.5M | 10.1M | 8.9M | 45.4M | 47.7M | |
Net Tangible Assets | (34.9M) | 395.2M | 174.7M | 108.6M | 124.9M | 62.6M | |
Long Term Debt | 8.3M | 19.4M | 197.7M | 24.7M | 28.4M | 32.2M | |
Retained Earnings Total Equity | (178.8M) | (109.0M) | (510.4M) | (627.6M) | (564.9M) | (536.6M) | |
Capital Surpluse | 143.8M | 504.1M | 686.3M | 736.1M | 846.5M | 888.8M | |
Property Plant Equipment | 6.8M | 11.4M | 9.4M | 21.5M | 24.7M | 26.0M | |
Short Long Term Debt | 1.3M | 19.6M | 1.4M | 20.2M | 23.2M | 24.4M | |
Other Assets | 129.2K | 330.7M | 2.5M | 176.3K | 1.0 | 0.95 | |
Net Invested Capital | 4.1M | 594.3M | 199.4M | 108.6M | 103.3M | 159.0M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Workhorse Group is a strong investment it is important to analyze Workhorse's 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 Workhorse's future performance. For an informed investment choice regarding Workhorse Stock, refer to the following important reports:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse Group. 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. Note that the Workhorse Group information on this page should be used as a complementary analysis to other Workhorse's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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When running Workhorse's price analysis, check to measure Workhorse'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 Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.
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Is Workhorse'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 Workhorse. If investors know Workhorse 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 Workhorse 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 190.435 | Earnings Share (0.60) | Revenue Per Share 0.063 | Quarterly Revenue Growth 0.278 | Return On Assets (0.40) |
The market value of Workhorse Group is measured differently than its book value, which is the value of Workhorse that is recorded on the company's balance sheet. Investors also form their own opinion of Workhorse's value that differs from its market value or its book value, called intrinsic value, which is Workhorse'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 Workhorse's market value can be influenced by many factors that don't directly affect Workhorse'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 Workhorse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workhorse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workhorse'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.