Ondas Net Income vs Net Borrowings Analysis

ONDS Stock

USD 1.36 0.07 5.43%

Ondas Holdings financial indicator trend analysis is much more than just breaking down Ondas Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ondas Holdings is a good investment. Please check the relationship between Ondas Holdings Net Income and its Net Borrowings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ondas Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Ondas Stock please use our How to Invest in Ondas Holdings guide.

Net Income vs Net Borrowings

Net Income vs Net Borrowings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ondas Holdings Net Income account and Net Borrowings. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Ondas Holdings' Net Income and Net Borrowings is -0.65. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Ondas Holdings, assuming nothing else is changed. The correlation between historical values of Ondas Holdings' Net Income and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Ondas Holdings are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Net Income i.e., Ondas Holdings' Net Income and Net Borrowings go up and down completely randomly.

Correlation Coefficient

-0.65

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Ondas Holdings financial statement analysis. It represents the amount of money remaining after all of Ondas Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Most indicators from Ondas Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ondas Holdings 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Ondas Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Ondas Stock please use our How to Invest in Ondas Holdings guide.At this time, Ondas Holdings' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is expected to grow at the current pace this year, whereas Enterprise Value Over EBITDA is likely to drop (3.06) in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	19.1M	51.1M	46.1M	48.4M
Cost Of Revenue	1.8M	1.0M	9.3M	9.8M

Total Operating Expenses Cost Of Revenue

Ondas Holdings fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Inventory	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Assets	Net Receivables	Other Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Non Current Liabilities Total
Total Assets		0.71	0.51	0.68	0.87	0.68	-0.12	-0.88	0.83	0.86	0.86	0.84	0.91	0.74	0.9	0.65	0.62	0.72	0.7	0.95	0.96	0.79	0.96	0.77	0.57	0.69
Short Long Term Debt Total	0.71		0.75	0.96	0.29	0.36	0.56	-0.94	0.9	0.42	0.42	0.68	0.91	1.0	0.51	0.97	0.73	0.99	0.75	0.75	0.85	0.92	0.65	0.83	0.68	0.83
Other Current Liab	0.51	0.75		0.78	0.2	0.48	0.32	-0.74	0.75	0.44	0.44	0.52	0.72	0.77	0.5	0.76	0.76	0.7	0.48	0.64	0.62	0.59	0.47	0.51	0.47	0.61
Total Current Liabilities	0.68	0.96	0.78		0.24	0.49	0.54	-0.93	0.95	0.41	0.41	0.61	0.89	0.98	0.49	1.0	0.81	0.94	0.81	0.72	0.82	0.88	0.6	0.84	0.48	0.67
Total Stockholder Equity	0.87	0.29	0.2	0.24		0.65	-0.56	-0.53	0.48	0.91	0.91	0.69	0.61	0.31	0.9	0.19	0.37	0.29	0.34	0.8	0.71	0.42	0.87	0.42	0.41	0.44
Current Deferred Revenue	0.68	0.36	0.48	0.49	0.65		-0.29	-0.57	0.68	0.68	0.68	0.47	0.56	0.43	0.69	0.42	0.74	0.32	0.48	0.67	0.58	0.37	0.64	0.45	0.04	0.17
Net Debt	-0.12	0.56	0.32	0.54	-0.56	-0.29		-0.31	0.29	-0.51	-0.51	0.07	0.19	0.52	-0.43	0.6	0.22	0.58	0.41	-0.06	0.11	0.48	-0.11	0.42	0.2	0.33
Retained Earnings	-0.88	-0.94	-0.74	-0.93	-0.53	-0.57	-0.31		-0.97	-0.64	-0.64	-0.82	-0.98	-0.96	-0.71	-0.92	-0.75	-0.94	-0.83	-0.9	-0.96	-0.94	-0.82	-0.89	-0.61	-0.79
Accounts Payable	0.83	0.9	0.75	0.95	0.48	0.68	0.29	-0.97		0.61	0.61	0.72	0.95	0.94	0.67	0.92	0.8	0.89	0.85	0.84	0.92	0.88	0.74	0.88	0.45	0.64
Cash	0.86	0.42	0.44	0.41	0.91	0.68	-0.51	-0.64	0.61		1.0	0.64	0.73	0.46	0.99	0.35	0.53	0.39	0.32	0.85	0.76	0.43	0.8	0.38	0.49	0.5
Cash And Short Term Investments	0.86	0.42	0.44	0.41	0.91	0.68	-0.51	-0.64	0.61	1.0		0.64	0.73	0.46	0.99	0.35	0.53	0.39	0.32	0.85	0.76	0.43	0.8	0.38	0.49	0.5
Common Stock Shares Outstanding	0.84	0.68	0.52	0.61	0.69	0.47	0.07	-0.82	0.72	0.64	0.64		0.81	0.69	0.72	0.59	0.51	0.72	0.66	0.91	0.86	0.8	0.91	0.75	0.61	0.82
Inventory	0.91	0.91	0.72	0.89	0.61	0.56	0.19	-0.98	0.95	0.73	0.73	0.81		0.93	0.79	0.86	0.71	0.91	0.76	0.92	0.98	0.9	0.83	0.83	0.67	0.81
Total Liab	0.74	1.0	0.77	0.98	0.31	0.43	0.52	-0.96	0.94	0.46	0.46	0.69	0.93		0.54	0.98	0.76	0.99	0.78	0.77	0.87	0.93	0.67	0.85	0.63	0.8
Total Current Assets	0.9	0.51	0.5	0.49	0.9	0.69	-0.43	-0.71	0.67	0.99	0.99	0.72	0.79	0.54		0.43	0.59	0.48	0.4	0.9	0.81	0.51	0.85	0.46	0.54	0.58
Short Term Debt	0.65	0.97	0.76	1.0	0.19	0.42	0.6	-0.92	0.92	0.35	0.35	0.59	0.86	0.98	0.43		0.78	0.95	0.8	0.68	0.79	0.88	0.58	0.84	0.5	0.68
Common Stock	0.62	0.73	0.76	0.81	0.37	0.74	0.22	-0.75	0.8	0.53	0.53	0.51	0.71	0.76	0.59	0.78		0.66	0.5	0.73	0.63	0.56	0.62	0.53	0.38	0.52
Other Assets	0.72	0.99	0.7	0.94	0.29	0.32	0.58	-0.94	0.89	0.39	0.39	0.72	0.91	0.99	0.48	0.95	0.66		0.8	0.74	0.86	0.96	0.67	0.88	0.67	0.84
Net Receivables	0.7	0.75	0.48	0.81	0.34	0.48	0.41	-0.83	0.85	0.32	0.32	0.66	0.76	0.78	0.4	0.8	0.5	0.8		0.64	0.8	0.9	0.64	0.98	0.17	0.44
Other Stockholder Equity	0.95	0.75	0.64	0.72	0.8	0.67	-0.06	-0.9	0.84	0.85	0.85	0.91	0.92	0.77	0.9	0.68	0.73	0.74	0.64		0.93	0.77	0.96	0.72	0.63	0.78
Net Tangible Assets	0.96	0.85	0.62	0.82	0.71	0.58	0.11	-0.96	0.92	0.76	0.76	0.86	0.98	0.87	0.81	0.79	0.63	0.86	0.8	0.93		0.91	0.9	0.87	0.62	0.77
Property Plant And Equipment Net	0.79	0.92	0.59	0.88	0.42	0.37	0.48	-0.94	0.88	0.43	0.43	0.8	0.9	0.93	0.51	0.88	0.56	0.96	0.9	0.77	0.91		0.76	0.96	0.58	0.78
Non Current Assets Total	0.96	0.65	0.47	0.6	0.87	0.64	-0.11	-0.82	0.74	0.8	0.8	0.91	0.83	0.67	0.85	0.58	0.62	0.67	0.64	0.96	0.9	0.76		0.73	0.58	0.72
Non Currrent Assets Other	0.77	0.83	0.51	0.84	0.42	0.45	0.42	-0.89	0.88	0.38	0.38	0.75	0.83	0.85	0.46	0.84	0.53	0.88	0.98	0.72	0.87	0.96	0.73		0.35	0.59
Long Term Debt	0.57	0.68	0.47	0.48	0.41	0.04	0.2	-0.61	0.45	0.49	0.49	0.61	0.67	0.63	0.54	0.5	0.38	0.67	0.17	0.63	0.62	0.58	0.58	0.35		0.93
Non Current Liabilities Total	0.69	0.83	0.61	0.67	0.44	0.17	0.33	-0.79	0.64	0.5	0.5	0.82	0.81	0.8	0.58	0.68	0.52	0.84	0.44	0.78	0.77	0.78	0.72	0.59	0.93

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Ondas Holdings Account Relationship Matchups

Ondas Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.3M	28.5M	117.4M	97.9M	92.2M	96.8M
Short Long Term Debt Total	11.2M	8.0M	1.1M	33.4M	35.3M	37.1M
Other Current Liab	2.8M	3.1M	929.0K	3.3M	4.1M	2.6M
Total Current Liabilities	16.1M	12.5M	4.6M	21.6M	35.9M	37.7M
Total Stockholder Equity	(12.4M)	15.1M	112.2M	58.2M	33.1M	23.4M
Current Deferred Revenue	378.9K	165.0K	512.4K	61.5K	276.9K	218.3K
Net Debt	9.0M	(18.0M)	(39.7M)	3.6M	20.3M	21.3M
Retained Earnings	(51.8M)	(65.2M)	(80.3M)	(153.5M)	(198.4M)	(188.4M)
Accounts Payable	2.3M	2.4M	2.4M	3.0M	5.2M	5.4M
Cash	2.2M	26.1M	40.8M	29.8M	15.0M	14.0M
Cash And Short Term Investments	2.2M	26.1M	40.8M	29.8M	15.0M	14.0M
Common Stock Shares Outstanding	17.6M	20.4M	34.2M	42.2M	52.7M	28.6M
Liabilities And Stockholders Equity	4.3M	28.5M	117.4M	97.9M	92.2M	96.8M
Inventory	427.5K	1.2M	1.2M	2.2M	2.2M	2.3M
Total Liab	16.7M	13.4M	5.2M	39.7M	47.1M	49.5M
Total Current Assets	3.3M	27.9M	44.7M	35.8M	23.6M	16.8M
Short Term Debt	10.6M	7.1M	1.1M	16.4M	26.4M	27.7M
Common Stock	5.9K	2.7K	4.1K	4.4K	6.2K	3.6K
Other Assets	52.2K	28.6K	(1.0)	218.2K	250.9K	263.5K
Net Receivables	20.2K	47.6K	1.2M	104.3K	4.2M	4.5M
Other Stockholder Equity	39.3M	80.3M	192.5M	211.7M	231.5M	121.5M
Net Tangible Assets	(12.8M)	14.7M	42.0M	58.2M	67.0M	70.3M
Property Plant And Equipment Net	583.7K	214.1K	1.9M	6.0M	8.9M	9.3M
Non Current Assets Total	962.2K	622.3K	72.8M	62.1M	68.6M	37.7M
Non Current Liabilities Total	633.6K	942.9K	581.8K	18.1M	11.2M	5.8M
Other Current Assets	700.6K	629.0K	1.4M	3.7M	2.2M	1.7M
Net Invested Capital	(1.8M)	23.1M	112.5M	88.6M	61.9M	52.0M
Capital Stock	5.9K	2.7K	4.1K	4.4K	6.2K	5.2K
Net Working Capital	(12.8M)	15.4M	40.0M	14.2M	(12.3M)	(11.7M)
Intangible Assets	326.3K	379.5K	25.2M	28.8M	31.3M	15.8M
Property Plant Equipment	583.7K	214.1K	1.9M	3.1M	3.6M	3.7M

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