Sobr Total Current Liabilities vs Total Revenue Analysis

SOBR Stock

USD 4.45 0.56 11.18%

Sobr Safe financial indicator trend analysis is much more than just breaking down Sobr Safe prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sobr Safe is a good investment. Please check the relationship between Sobr Safe Total Current Liabilities and its Total Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sobr Safe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in Sobr Stock, please use our How to Invest in Sobr Safe guide.

Total Current Liabilities vs Total Revenue

Total Current Liabilities vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sobr Safe Total Current Liabilities account and Total Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Sobr Safe's Total Current Liabilities and Total Revenue is -0.56. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Sobr Safe, assuming nothing else is changed. The correlation between historical values of Sobr Safe's Total Current Liabilities and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Sobr Safe are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Current Liabilities i.e., Sobr Safe's Total Current Liabilities and Total Revenue go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Sobr Safe balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Sobr Safe are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Revenue

Total revenue comprises all receipts Sobr Safe generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from Sobr Safe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sobr Safe 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 Sobr Safe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in Sobr Stock, please use our How to Invest in Sobr Safe guide.At this time, Sobr Safe's Selling General Administrative is relatively stable compared to the past year. As of 12/11/2024, Issuance Of Capital Stock is likely to grow to about 19.3 M, though Enterprise Value Multiple is likely to grow to (0.83).

	2021	2023	2024 (projected)
Interest Expense	2.3M	804.3K	693.1K
Depreciation And Amortization	385.5K	443.3K	465.4K

Interest Expense Depreciation And Amortization

Sobr Safe fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Inventory	Other Current Assets	Short Term Debt	Non Current Liabilities Total	Other Assets	Short Long Term Debt
Total Assets		-0.05	0.03	0.94	0.84	-0.79	-0.91	-0.2	0.93	0.84	0.78	0.93	0.61	0.82	0.92	0.21	0.94	-0.49	0.67	-0.43	0.77	0.88	0.33	0.75	0.83	0.65
Other Current Liab	-0.05		0.53	-0.21	0.07	0.19	-0.06	-0.13	-0.08	0.02	0.18	-0.08	-0.32	0.03	0.03	0.49	-0.09	0.66	0.2	0.68	-0.06	-0.1	0.35	0.05	0.16	0.18
Total Current Liabilities	0.03	0.53		-0.24	0.14	0.06	-0.08	0.25	0.08	-0.03	0.33	0.08	-0.46	-0.01	0.04	0.81	0.06	0.58	0.33	0.56	-0.08	-0.17	0.78	-0.08	0.26	0.31
Total Stockholder Equity	0.94	-0.21	-0.24		0.66	-0.86	-0.76	-0.35	0.89	0.77	0.58	0.89	0.68	0.66	0.79	-0.11	0.9	-0.59	0.41	-0.56	0.63	0.82	0.18	0.62	0.63	0.45
Property Plant And Equipment Net	0.84	0.07	0.14	0.66		-0.41	-0.93	0.05	0.72	0.78	0.9	0.72	0.55	0.94	0.93	0.47	0.75	-0.47	0.94	-0.38	0.89	0.81	0.27	0.87	0.97	0.84
Net Debt	-0.79	0.19	0.06	-0.86	-0.41		0.48	0.3	-0.92	-0.39	-0.38	-0.92	-0.62	-0.36	-0.52	0.1	-0.91	0.32	-0.19	0.31	-0.44	-0.6	-0.35	-0.44	-0.39	-0.37
Retained Earnings	-0.91	-0.06	-0.08	-0.76	-0.93	0.48		-0.02	-0.74	-0.9	-0.86	-0.74	-0.47	-0.96	-1.0	-0.39	-0.77	0.41	-0.84	0.33	-0.89	-0.93	-0.17	-0.82	-0.94	-0.68
Accounts Payable	-0.2	-0.13	0.25	-0.35	0.05	0.3	-0.02		-0.17	-0.21	0.16	-0.17	-0.26	0.06	-0.02	0.44	-0.15	0.13	0.21	0.15	0.13	-0.05	-0.02	-0.03	0.1	0.18
Cash	0.93	-0.08	0.08	0.89	0.72	-0.92	-0.74	-0.17		0.58	0.67	1.0	0.65	0.65	0.76	0.18	1.0	-0.38	0.55	-0.32	0.69	0.77	0.41	0.69	0.69	0.64
Non Current Assets Total	0.84	0.02	-0.03	0.77	0.78	-0.39	-0.9	-0.21	0.58		0.74	0.58	0.36	0.81	0.9	0.2	0.61	-0.51	0.64	-0.49	0.64	0.78	0.16	0.59	0.79	0.47
Non Currrent Assets Other	0.78	0.18	0.33	0.58	0.9	-0.38	-0.86	0.16	0.67	0.74		0.67	0.32	0.79	0.83	0.68	0.69	-0.32	0.88	-0.28	0.7	0.65	0.49	0.68	0.89	0.9
Cash And Short Term Investments	0.93	-0.08	0.08	0.89	0.72	-0.92	-0.74	-0.17	1.0	0.58	0.67		0.65	0.65	0.76	0.18	1.0	-0.38	0.55	-0.32	0.69	0.77	0.41	0.69	0.69	0.64
Net Receivables	0.61	-0.32	-0.46	0.68	0.55	-0.62	-0.47	-0.26	0.65	0.36	0.32	0.65		0.54	0.5	-0.24	0.66	-0.57	0.32	-0.56	0.63	0.62	-0.13	0.67	0.46	0.49
Common Stock Shares Outstanding	0.82	0.03	-0.01	0.66	0.94	-0.36	-0.96	0.06	0.65	0.81	0.79	0.65	0.54		0.96	0.35	0.69	-0.44	0.88	-0.33	0.96	0.92	0.0	0.9	0.94	0.68
Other Stockholder Equity	0.92	0.03	0.04	0.79	0.93	-0.52	-1.0	-0.02	0.76	0.9	0.83	0.76	0.5	0.96		0.33	0.79	-0.44	0.82	-0.35	0.89	0.94	0.15	0.83	0.93	0.65
Total Liab	0.21	0.49	0.81	-0.11	0.47	0.1	-0.39	0.44	0.18	0.2	0.68	0.18	-0.24	0.35	0.33		0.18	0.33	0.66	0.34	0.28	0.12	0.61	0.27	0.54	0.67
Total Current Assets	0.94	-0.09	0.06	0.9	0.75	-0.91	-0.77	-0.15	1.0	0.61	0.69	1.0	0.66	0.69	0.79	0.18		-0.39	0.59	-0.33	0.74	0.81	0.38	0.73	0.72	0.65
Common Stock	-0.49	0.66	0.58	-0.59	-0.47	0.32	0.41	0.13	-0.38	-0.51	-0.32	-0.38	-0.57	-0.44	-0.44	0.33	-0.39		-0.27	0.97	-0.42	-0.45	0.18	-0.4	-0.3	-0.27
Short Long Term Debt Total	0.67	0.2	0.33	0.41	0.94	-0.19	-0.84	0.21	0.55	0.64	0.88	0.55	0.32	0.88	0.82	0.66	0.59	-0.27		-0.16	0.83	0.67	0.31	0.8	0.94	0.84
Current Deferred Revenue	-0.43	0.68	0.56	-0.56	-0.38	0.31	0.33	0.15	-0.32	-0.49	-0.28	-0.32	-0.56	-0.33	-0.35	0.34	-0.33	0.97	-0.16		-0.28	-0.34	0.12	-0.27	-0.23	-0.24
Inventory	0.77	-0.06	-0.08	0.63	0.89	-0.44	-0.89	0.13	0.69	0.64	0.7	0.69	0.63	0.96	0.89	0.28	0.74	-0.42	0.83	-0.28		0.93	-0.08	0.95	0.87	0.66
Other Current Assets	0.88	-0.1	-0.17	0.82	0.81	-0.6	-0.93	-0.05	0.77	0.78	0.65	0.77	0.62	0.92	0.94	0.12	0.81	-0.45	0.67	-0.34	0.93		-0.09	0.86	0.81	0.5
Short Term Debt	0.33	0.35	0.78	0.18	0.27	-0.35	-0.17	-0.02	0.41	0.16	0.49	0.41	-0.13	0.0	0.15	0.61	0.38	0.18	0.31	0.12	-0.08	-0.09		-0.04	0.3	0.5
Non Current Liabilities Total	0.75	0.05	-0.08	0.62	0.87	-0.44	-0.82	-0.03	0.69	0.59	0.68	0.69	0.67	0.9	0.83	0.27	0.73	-0.4	0.8	-0.27	0.95	0.86	-0.04		0.82	0.69
Other Assets	0.83	0.16	0.26	0.63	0.97	-0.39	-0.94	0.1	0.69	0.79	0.89	0.69	0.46	0.94	0.93	0.54	0.72	-0.3	0.94	-0.23	0.87	0.81	0.3	0.82		0.79
Short Long Term Debt	0.65	0.18	0.31	0.45	0.84	-0.37	-0.68	0.18	0.64	0.47	0.9	0.64	0.49	0.68	0.65	0.67	0.65	-0.27	0.84	-0.24	0.66	0.5	0.5	0.69	0.79

Click cells to compare fundamentals

Sobr Safe Account Relationship Matchups

Sobr Safe fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.1K	4.0M	4.2M	11.9M	6.1M	6.5M
Other Current Liab	2.4M	580.4K	1.7M	669.5K	823.9K	836.9K
Total Current Liabilities	3.4M	947.1K	4.0M	2.8M	1.5M	2.1M
Total Stockholder Equity	(3.4M)	3.1M	(430.0K)	9.1M	2.0M	2.1M
Net Debt	861.3K	(116.8K)	1.7M	(6.8M)	(107.7K)	(102.3K)
Retained Earnings	(18.3M)	(49.6M)	(57.5M)	(78.3M)	(87.8M)	(83.4M)
Accounts Payable	191.7K	101.3K	270.2K	143.0K	525.7K	287.3K
Cash	89.0	232.8K	882.3K	8.6M	2.8M	2.9M
Cash And Short Term Investments	89.0	232.8K	882.3K	8.6M	2.8M	2.9M
Common Stock Shares Outstanding	1.1M	5.1M	8.7M	11.0M	18.1M	19.1M
Liabilities And Stockholders Equity	13.1K	4.0M	4.2M	11.9M	6.1M	6.5M
Other Stockholder Equity	14.9M	52.7M	57.0M	87.5M	89.8M	94.3M
Total Liab	3.4M	947.1K	4.7M	2.8M	4.2M	2.4M
Total Current Assets	13.1K	348.1K	934.3K	9.0M	3.4M	3.5M
Common Stock	1.2K	260.0	263.0	170.0	186.0	176.7
Short Long Term Debt Total	861.4K	116.0K	2.6M	1.8M	2.7M	2.8M
Other Current Assets	13.0K	115.2K	12.6K	200.9K	213.3K	223.9K
Short Term Debt	861.4K	91.0K	1.9M	1.8M	173.2K	164.6K
Non Current Liabilities Total	1.1M	25.0K	710.9K	2.0M	2.6M	2.8M
Short Long Term Debt	930.5K	116.0K	1.9M	1.8M	2.1M	1.1M
Net Invested Capital	(2.6M)	3.2M	2.2M	11.0M	12.6M	13.2M
Net Working Capital	(3.6M)	(599.0K)	(3.0M)	6.2M	7.1M	7.5M
Capital Stock	2.1K	260.0	263.0	200.0	180.0	171.0

Pair Trading with Sobr Safe

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sobr Safe position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sobr Safe will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sobr Stock

0.66	ST	Sensata Technologies	Pair Corr
0.79	WATT	Energous	Pair Corr

Moving against Sobr Stock

0.78	TDY	Teledyne Technologies Fiscal Year End 22nd of January 2025	Pair Corr
0.76	ESE	ESCO Technologies	Pair Corr
0.75	ITRI	Itron Inc	Pair Corr
0.74	VNT	Vontier Corp	Pair Corr
0.67	FARO	FARO Technologies	Pair Corr

The ability to find closely correlated positions to Sobr Safe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sobr Safe when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sobr Safe - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sobr Safe to buy it.

The correlation of Sobr Safe is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sobr Safe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sobr Safe moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Sobr Safe can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Sobr Stock Analysis

When running Sobr Safe's price analysis, check to measure Sobr Safe'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 Sobr Safe is operating at the current time. Most of Sobr Safe's value examination focuses on studying past and present price action to predict the probability of Sobr Safe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sobr Safe's price. Additionally, you may evaluate how the addition of Sobr Safe to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC