Socket Net Debt vs Accounts Payable Analysis

SCKT Stock  USD 1.47  0.01  0.68%   
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 Net Debt and its Accounts Payable 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 closely tied 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.

Net Debt vs Accounts Payable

Net Debt vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Socket Mobile Net Debt account and Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Socket Mobile's Net Debt and Accounts Payable is 0.18. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accounts Payable 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 Net Debt and Accounts Payable 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 Debt of Socket Mobile are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Debt i.e., Socket Mobile's Net Debt and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.18
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

Accounts Payable

An accounting item on the balance sheet that represents Socket Mobile obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Socket Mobile are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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 closely tied 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 Profit12.4M10.4M8.5M8.6M
Total Revenue23.2M21.2M17.0M17.8M

Socket Mobile fundamental ratios Correlations

0.460.59-0.230.60.63-0.18-0.08-0.480.760.870.760.570.810.620.830.770.650.170.920.190.570.55-0.450.180.54
0.460.520.270.390.950.660.02-0.170.240.660.24-0.10.120.860.770.770.440.020.410.880.250.94-0.210.48-0.09
0.590.52-0.170.880.62-0.020.24-0.490.60.50.60.380.240.60.760.780.87-0.350.730.380.640.55-0.40.340.46
-0.230.27-0.17-0.490.070.48-0.530.81-0.32-0.1-0.32-0.25-0.06-0.05-0.09-0.18-0.240.26-0.280.37-0.570.170.66-0.29-0.66
0.60.390.88-0.490.55-0.140.4-0.730.60.530.60.340.20.50.70.780.83-0.480.690.240.830.49-0.650.460.62
0.630.950.620.070.550.490.06-0.340.40.80.40.090.240.90.870.890.620.020.580.740.420.98-0.280.570.05
-0.180.66-0.020.48-0.140.49-0.030.18-0.570.14-0.57-0.4-0.390.430.080.14-0.150.15-0.350.61-0.150.530.20.14-0.51
-0.080.020.24-0.530.40.06-0.03-0.680.06-0.10.06-0.33-0.5-0.07-0.040.030.02-0.24-0.040.050.530.03-0.480.240.08
-0.48-0.17-0.490.81-0.73-0.340.18-0.68-0.43-0.36-0.43-0.17-0.1-0.36-0.41-0.48-0.450.21-0.48-0.01-0.71-0.260.65-0.31-0.52
0.760.240.6-0.320.60.4-0.570.06-0.430.531.00.390.670.390.740.660.67-0.170.930.160.460.33-0.50.260.59
0.870.660.5-0.10.530.80.14-0.1-0.360.530.530.510.590.690.840.790.570.280.710.390.560.78-0.360.520.27
0.760.240.6-0.320.60.4-0.570.06-0.431.00.530.390.670.390.740.660.67-0.170.930.160.460.33-0.50.260.59
0.57-0.10.38-0.250.340.09-0.4-0.33-0.170.390.510.390.620.180.360.290.470.240.54-0.40.260.030.020.170.48
0.810.120.24-0.060.20.24-0.39-0.5-0.10.670.590.670.620.360.580.420.380.250.78-0.050.130.17-0.19-0.130.52
0.620.860.6-0.050.50.90.43-0.07-0.360.390.690.390.180.360.840.870.6-0.030.610.620.320.8-0.310.410.26
0.830.770.76-0.090.70.870.08-0.04-0.410.740.840.740.360.580.840.940.78-0.070.880.60.530.81-0.460.50.41
0.770.770.78-0.180.780.890.140.03-0.480.660.790.660.290.420.870.940.82-0.230.80.550.590.83-0.510.540.43
0.650.440.87-0.240.830.62-0.150.02-0.450.670.570.670.470.380.60.780.82-0.340.780.280.590.55-0.380.410.5
0.170.02-0.350.26-0.480.020.15-0.240.21-0.170.28-0.170.240.25-0.03-0.07-0.23-0.34-0.08-0.06-0.150.050.44-0.16-0.46
0.920.410.73-0.280.690.58-0.35-0.04-0.480.930.710.930.540.780.610.880.80.78-0.080.220.530.48-0.490.240.64
0.190.880.380.370.240.740.610.05-0.010.160.390.16-0.4-0.050.620.60.550.28-0.060.220.160.78-0.190.39-0.26
0.570.250.64-0.570.830.42-0.150.53-0.710.460.560.460.260.130.320.530.590.59-0.150.530.160.36-0.740.40.52
0.550.940.550.170.490.980.530.03-0.260.330.780.330.030.170.80.810.830.550.050.480.780.36-0.20.6-0.1
-0.45-0.21-0.40.66-0.65-0.280.2-0.480.65-0.5-0.36-0.50.02-0.19-0.31-0.46-0.51-0.380.44-0.49-0.19-0.74-0.2-0.36-0.72
0.180.480.34-0.290.460.570.140.24-0.310.260.520.260.17-0.130.410.50.540.41-0.160.240.390.40.6-0.360.07
0.54-0.090.46-0.660.620.05-0.510.08-0.520.590.270.590.480.520.260.410.430.5-0.460.64-0.260.52-0.1-0.720.07
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Socket Mobile Account Relationship Matchups

Socket Mobile fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets19.5M15.1M25.6M28.6M28.7M17.1M
Short Long Term Debt Total2.9M2.2M2.2M5.2M6.3M6.6M
Other Current Liab574.2K375.5K693.0K742.5K580.0K609.0K
Total Current Liabilities4.7M2.2M4.6M4.4M6.5M5.7M
Total Stockholder Equity13.2M10.6M20.0M20.3M19.4M20.4M
Property Plant And Equipment Net1.8M1.5M1.3M5.2M6.1M6.4M
Net Debt1.9M61K(3.9M)1.6M3.5M3.6M
Retained Earnings(47.8M)(51.1M)(46.1M)(46.0M)(47.9M)(50.3M)
Accounts Payable2.1M1.4M2.2M1.7M1.6M2.6M
Cash959K2.1M6.1M3.6M2.8M2.2M
Non Current Assets Total11.9M7.1M11.2M15.8M18.0M18.9M
Cash And Short Term Investments959K2.1M6.1M3.6M2.8M2.2M
Net Receivables2.8M2.1M2.6M2.7M1.7M2.4M
Common Stock Shares Outstanding6.2M6.0M8.9M7.5M7.2M4.4M
Liabilities And Stockholders Equity19.5M15.1M25.6M28.6M28.7M30.2M
Non Current Liabilities Total1.5M2.2M915K3.9M2.8M3.0M
Inventory3.2M3.2M5.2M5.6M5.5M5.8M
Other Current Assets312K411.5K422.5K687.0K639.6K671.6K
Other Stockholder Equity63.7M61.7M66.1M66.3M67.3M70.7M
Total Liab6.2M4.4M5.5M8.3M9.3M7.2M
Total Current Assets7.5M7.9M14.4M12.8M10.7M8.0M
Short Term Debt1.4M1.9M2.1M1.9M3.5M3.6M
Non Currrent Assets Other202K159K140K250K249.7K262.2K
Property Plant And Equipment Gross1.8M847.7K1.3M5.2M9.4M9.9M
Current Deferred Revenue611K451K407K629K845.6K803.3K
Common Stock Total Equity7.0K5.9K6.0K6.1K5.5K10.6K
Common Stock61.1M61.7M66.1M67.2M7.3K7.0K
Other Assets5.7M6.3M8.1M8.9M(322.6K)(306.5K)
Long Term Debt333K1.4M625K125K143.8K235.4K
Property Plant Equipment1.8M1.5M1.3M5.2M6.0M6.3M
Other Liab40.7K28.8K32K34K30.6K29.1K
Retained Earnings Total Equity(47.6M)(48.1M)(47.8M)(51.1M)(46.0M)(48.3M)
Deferred Long Term Liab25.6K31.3K40.7K28.8K25.9K24.6K
Net Tangible Assets8.8M10.6M18.2M18.6M21.4M22.5M
Capital Surpluse64.8M60.5M61.1M61.7M55.6M49.6M
Non Current Liabilities Other271.4K205.9K715.1K258.1K296.8K360.7K
Accumulated Depreciation(2.2M)(2.5M)(2.7M)(2.9M)(3.3M)(3.4M)

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