FREYR Change In Cash vs Depreciation Analysis

FREY Stock

USD 2.16 0.35 19.34%

FREYR Battery financial indicator trend analysis is much more than just examining FREYR Battery SA latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FREYR Battery SA is a good investment. Please check the relationship between FREYR Battery Change In Cash and its Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FREYR Battery SA. 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.

Change In Cash vs Depreciation

Change In Cash vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FREYR Battery SA Change In Cash account and Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between FREYR Battery's Change In Cash and Depreciation is -0.61. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Depreciation in the same time period over historical financial statements of FREYR Battery SA, assuming nothing else is changed. The correlation between historical values of FREYR Battery's Change In Cash and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of FREYR Battery SA are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Change In Cash i.e., FREYR Battery's Change In Cash and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

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Change In Cash

Depreciation

Depreciation indicates how much of FREYR Battery SA value has been used up. For tax purposes FREYR Battery can deduct the cost of the tangible assets it purchases as business expenses. However, FREYR Battery SA must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from FREYR Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FREYR Battery SA 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FREYR Battery SA. 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, FREYR Battery's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 303.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 62.5 M in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	120K	478K	2.1M	2.2M
Cost Of Revenue	120K	478K	4.7M	4.9M

Reconciled Depreciation Cost Of Revenue

FREYR Battery fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Current Deferred Revenue	Net Invested Capital
Total Assets		0.84	0.87	0.91	0.94	0.86	0.88	0.73	-0.84	-0.84	0.69	0.85	0.2	-0.01	0.86	-0.42	0.93	0.91	0.8	0.92	0.94	0.88	0.69	0.8	-0.35	0.93
Short Long Term Debt Total	0.84		0.76	0.85	0.91	0.86	0.99	0.92	-0.79	-0.98	0.94	0.82	-0.01	0.28	0.83	-0.78	0.91	0.91	0.63	0.93	0.92	0.83	0.44	0.92	-0.66	0.93
Other Current Liab	0.87	0.76		0.97	0.91	0.73	0.84	0.72	-0.78	-0.82	0.61	0.8	-0.02	0.06	0.8	-0.36	0.87	0.81	0.98	0.87	0.91	0.86	0.76	0.83	-0.29	0.87
Total Current Liabilities	0.91	0.85	0.97		0.95	0.78	0.91	0.82	-0.77	-0.91	0.75	0.79	0.08	0.09	0.8	-0.47	0.96	0.86	0.91	0.95	0.96	0.86	0.65	0.9	-0.46	0.95
Total Stockholder Equity	0.94	0.91	0.91	0.95		0.94	0.95	0.78	-0.91	-0.91	0.74	0.93	-0.07	0.29	0.94	-0.47	0.95	0.98	0.81	0.98	1.0	0.95	0.73	0.84	-0.38	0.99
Other Liab	0.86	0.86	0.73	0.78	0.94		0.87	0.62	-0.96	-0.79	0.64	0.97	-0.23	0.48	0.97	-0.4	0.83	0.99	0.6	0.9	0.93	0.95	0.74	0.65	-0.23	0.92
Net Tangible Assets	0.88	0.99	0.84	0.91	0.95	0.87		0.91	-0.82	-0.98	0.91	0.85	-0.03	0.26	0.86	-0.73	0.94	0.93	0.73	0.95	0.95	0.88	0.53	0.93	-0.61	0.96
Property Plant And Equipment Net	0.73	0.92	0.72	0.82	0.78	0.62	0.91		-0.52	-0.97	0.98	0.56	0.21	0.03	0.58	-0.87	0.87	0.71	0.62	0.84	0.79	0.61	0.18	0.98	-0.86	0.82
Net Debt	-0.84	-0.79	-0.78	-0.77	-0.91	-0.96	-0.82	-0.52		0.72	-0.52	-1.0	0.36	-0.48	-1.0	0.29	-0.75	-0.95	-0.69	-0.83	-0.9	-0.99	-0.87	-0.59	0.06	-0.86
Retained Earnings	-0.84	-0.98	-0.82	-0.91	-0.91	-0.79	-0.98	-0.97	0.72		-0.95	-0.75	-0.07	-0.18	-0.77	0.78	-0.95	-0.86	-0.71	-0.94	-0.92	-0.79	-0.41	-0.97	0.72	-0.94
Accounts Payable	0.69	0.94	0.61	0.75	0.74	0.64	0.91	0.98	-0.52	-0.95		0.56	0.17	0.12	0.58	-0.92	0.84	0.72	0.49	0.81	0.76	0.59	0.12	0.94	-0.88	0.8
Cash	0.85	0.82	0.8	0.79	0.93	0.97	0.85	0.56	-1.0	-0.75	0.56		-0.34	0.47	1.0	-0.34	0.78	0.96	0.71	0.85	0.92	0.99	0.85	0.63	-0.11	0.88
Non Current Assets Total	0.2	-0.01	-0.02	0.08	-0.07	-0.23	-0.03	0.21	0.36	-0.07	0.17	-0.34		-0.86	-0.32	-0.12	0.17	-0.16	-0.01	0.04	-0.06	-0.28	-0.39	0.19	-0.41	0.01
Non Currrent Assets Other	-0.01	0.28	0.06	0.09	0.29	0.48	0.26	0.03	-0.48	-0.18	0.12	0.47	-0.86		0.46	-0.07	0.12	0.41	-0.03	0.24	0.28	0.4	0.32	0.01	0.12	0.27
Cash And Short Term Investments	0.86	0.83	0.8	0.8	0.94	0.97	0.86	0.58	-1.0	-0.77	0.58	1.0	-0.32	0.46		-0.36	0.79	0.97	0.71	0.87	0.93	0.99	0.84	0.65	-0.13	0.89
Net Receivables	-0.42	-0.78	-0.36	-0.47	-0.47	-0.4	-0.73	-0.87	0.29	0.78	-0.92	-0.34	-0.12	-0.07	-0.36		-0.56	-0.46	-0.25	-0.54	-0.48	-0.35	0.13	-0.79	0.89	-0.52
Common Stock Shares Outstanding	0.93	0.91	0.87	0.96	0.95	0.83	0.94	0.87	-0.75	-0.95	0.84	0.78	0.17	0.12	0.79	-0.56		0.9	0.77	0.99	0.96	0.82	0.53	0.91	-0.58	0.98
Non Current Liabilities Total	0.91	0.91	0.81	0.86	0.98	0.99	0.93	0.71	-0.95	-0.86	0.72	0.96	-0.16	0.41	0.97	-0.46	0.9		0.69	0.95	0.97	0.96	0.72	0.75	-0.32	0.97
Other Current Assets	0.8	0.63	0.98	0.91	0.81	0.6	0.73	0.62	-0.69	-0.71	0.49	0.71	-0.01	-0.03	0.71	-0.25	0.77	0.69		0.76	0.82	0.79	0.76	0.75	-0.19	0.76
Other Stockholder Equity	0.92	0.93	0.87	0.95	0.98	0.9	0.95	0.84	-0.83	-0.94	0.81	0.85	0.04	0.24	0.87	-0.54	0.99	0.95	0.76		0.99	0.89	0.6	0.88	-0.51	1.0
Total Liab	0.94	0.92	0.91	0.96	1.0	0.93	0.95	0.79	-0.9	-0.92	0.76	0.92	-0.06	0.28	0.93	-0.48	0.96	0.97	0.82	0.99		0.95	0.72	0.85	-0.4	0.99
Total Current Assets	0.88	0.83	0.86	0.86	0.95	0.95	0.88	0.61	-0.99	-0.79	0.59	0.99	-0.28	0.4	0.99	-0.35	0.82	0.96	0.79	0.89	0.95		0.86	0.69	-0.15	0.91
Common Stock	0.69	0.44	0.76	0.65	0.73	0.74	0.53	0.18	-0.87	-0.41	0.12	0.85	-0.39	0.32	0.84	0.13	0.53	0.72	0.76	0.6	0.72	0.86		0.32	0.34	0.64
Property Plant Equipment	0.8	0.92	0.83	0.9	0.84	0.65	0.93	0.98	-0.59	-0.97	0.94	0.63	0.19	0.01	0.65	-0.79	0.91	0.75	0.75	0.88	0.85	0.69	0.32		-0.77	0.87
Current Deferred Revenue	-0.35	-0.66	-0.29	-0.46	-0.38	-0.23	-0.61	-0.86	0.06	0.72	-0.88	-0.11	-0.41	0.12	-0.13	0.89	-0.58	-0.32	-0.19	-0.51	-0.4	-0.15	0.34	-0.77		-0.48
Net Invested Capital	0.93	0.93	0.87	0.95	0.99	0.92	0.96	0.82	-0.86	-0.94	0.8	0.88	0.01	0.27	0.89	-0.52	0.98	0.97	0.76	1.0	0.99	0.91	0.64	0.87	-0.48

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FREYR Change In Cash vs Depreciation Analysis

Change In Cash vs Depreciation

Change In Cash vs Depreciation Correlation Analysis

Correlation Coefficient

Change In Cash

Depreciation

FREYR Battery fundamental ratios Correlations

FREYR Battery Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for FREYR Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Net Invested Capital	+ 1.0	Other Stockholder Equity
Net Tangible Assets	+ 0.99	Short Long Term Debt Total
Net Invested Capital	+ 0.99	Total Stockholder Equity
Non Current Liabilities Total	+ 0.99	Other Liab

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Total Current Assets	- 0.99	Net Debt
Retained Earnings	- 0.98	Net Tangible Assets
Retained Earnings	- 0.98	Short Long Term Debt Total
Property Plant Equipment	- 0.97	Retained Earnings