Workhorse Net Income vs Change In Cash Analysis

WKHS Stock  USD 1.01  0.02  1.94%   
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 Net Income and its Change In Cash 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 closely tied with the direction of predictive economic indicators such as signals in rate.

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Workhorse Group Net Income account and Change In Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Workhorse's Net Income and Change In Cash is 0.51. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Cash 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 Net Income and Change In Cash 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 Workhorse Group are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Income i.e., Workhorse's Net Income and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.51
Relationship DirectionPositive 
Relationship StrengthWeak

Net Income

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

Change In Cash

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 closely tied 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

0.370.270.98-0.270.330.940.150.20.630.920.540.950.950.910.880.310.480.480.150.92-0.010.250.430.240.33
0.370.760.32-0.580.450.180.150.750.380.170.570.450.520.210.34-0.380.620.620.160.120.130.410.470.410.33
0.270.760.21-0.880.790.120.020.650.150.040.830.370.390.170.24-0.240.430.430.390.060.710.840.70.840.73
0.980.320.21-0.280.350.90.250.20.620.870.550.880.960.850.910.220.530.530.130.89-0.080.240.440.240.34
-0.27-0.58-0.88-0.28-0.95-0.06-0.25-0.58-0.150.07-0.95-0.22-0.44-0.04-0.380.41-0.55-0.55-0.380.01-0.62-0.92-0.83-0.94-0.88
0.330.450.790.35-0.950.160.170.550.110.010.940.260.450.10.39-0.270.460.460.470.110.550.930.80.940.86
0.940.180.120.9-0.060.16-0.140.080.460.970.340.940.780.960.690.610.150.150.111.0-0.010.150.270.130.2
0.150.150.020.25-0.250.17-0.14-0.130.66-0.050.27-0.030.41-0.070.59-0.730.830.830.13-0.14-0.19-0.090.24-0.030.12
0.20.750.650.2-0.580.550.08-0.13-0.19-0.050.540.190.3-0.050.07-0.30.340.340.140.010.090.550.470.540.39
0.630.380.150.62-0.150.110.460.66-0.190.570.320.610.730.580.81-0.160.70.70.120.46-0.11-0.090.21-0.070.08
0.920.170.040.870.070.010.97-0.05-0.050.570.220.940.760.980.70.590.180.180.080.98-0.07-0.020.14-0.040.05
0.540.570.830.55-0.950.940.340.270.540.320.220.470.670.310.6-0.260.630.630.380.280.530.890.860.90.88
0.950.450.370.88-0.220.260.94-0.030.190.610.940.470.850.960.740.440.340.340.190.920.120.240.370.220.28
0.950.520.390.96-0.440.450.780.410.30.730.760.670.850.770.96-0.020.730.730.180.750.00.320.540.330.41
0.910.210.170.85-0.040.10.96-0.07-0.050.580.980.310.960.770.70.590.190.190.140.960.090.10.230.080.17
0.880.340.240.91-0.380.390.690.590.070.810.70.60.740.960.7-0.090.770.770.160.68-0.050.210.490.230.37
0.31-0.38-0.240.220.41-0.270.61-0.73-0.3-0.160.59-0.260.44-0.020.59-0.09-0.68-0.68-0.010.630.1-0.1-0.22-0.15-0.14
0.480.620.430.53-0.550.460.150.830.340.70.180.630.340.730.190.77-0.681.00.140.12-0.050.240.50.280.35
0.480.620.430.53-0.550.460.150.830.340.70.180.630.340.730.190.77-0.681.00.140.12-0.050.240.50.280.35
0.150.160.390.13-0.380.470.110.130.140.120.080.380.190.180.140.16-0.010.140.140.090.360.40.510.390.49
0.920.120.060.890.010.111.0-0.140.010.460.980.280.920.750.960.680.630.120.120.09-0.050.090.220.070.15
-0.010.130.71-0.08-0.620.55-0.01-0.190.09-0.11-0.070.530.120.00.09-0.050.1-0.05-0.050.36-0.050.730.450.720.63
0.250.410.840.24-0.920.930.15-0.090.55-0.09-0.020.890.240.320.10.21-0.10.240.240.40.090.730.81.00.91
0.430.470.70.44-0.830.80.270.240.470.210.140.860.370.540.230.49-0.220.50.50.510.220.450.80.810.96
0.240.410.840.24-0.940.940.13-0.030.54-0.07-0.040.90.220.330.080.23-0.150.280.280.390.070.721.00.810.92
0.330.330.730.34-0.880.860.20.120.390.080.050.880.280.410.170.37-0.140.350.350.490.150.630.910.960.92
Click cells to compare fundamentals

Workhorse Account Relationship Matchups

Workhorse fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets50.7M632.5M228.1M182.7M141.7M84.1M
Other Current Liab25.4M11.4M19.3M47.1M8.8M7.5M
Total Current Liabilities47.0M17.6M27.6M63.3M53.3M55.9M
Total Stockholder Equity(34.9M)395.2M174.7M108.6M83.1M45.7M
Retained Earnings(178.8M)(109.0M)(510.4M)(627.6M)(751.6M)(714.0M)
Accounts Payable1.7M4.8M7.8M10.2M12.5M13.1M
Non Current Assets Total19.2M342.0M11.9M43.4M47.8M34.0M
Non Currrent Assets Other129.2K94.7K2.5M176.3K202.8K192.6K
Net Receivables41.0K1.0M149.8K17.1M4.5M2.3M
Common Stock Shares Outstanding64.3M92.9M128.7M7.9M10.4M9.8M
Liabilities And Stockholders Equity50.7M632.5M228.1M182.7M141.7M84.1M
Non Current Liabilities Total38.5M219.7M25.9M10.8M5.3M5.0M
Other Stockholder Equity146.5M504.1M686.3M736.1M834.4M876.1M
Total Liab85.6M237.3M53.4M74.2M58.6M38.4M
Total Current Assets31.5M290.5M216.2M139.4M93.8M52.1M
Short Long Term Debt Total58.2M199.1M26.3M10.1M29.0M25.1M
Current Deferred Revenue406K303K14.8M3.4M4.7M2.5M
Net Debt15.2M152.3M(175.4M)(89.2M)3.2M3.3M
Cash23.9M46.8M201.6M99.3M25.8M28.3M
Cash And Short Term Investments23.9M46.8M201.6M99.3M25.8M28.3M
Other Current Assets5.8M227.2M4.4M14.2M18.1M19.0M
Short Term Debt19.6M1.4M363.7K2.6M27.3M28.7M
Property Plant And Equipment Net6.8M11.4M9.4M33.2M47.7M50.1M
Common Stock Total Equity67.1K121.9K151.9K165.6K190.4K200.0K
Property Plant And Equipment Gross6.8M11.4M14.8M38.6M56.8M59.7M
Accumulated Other Comprehensive Income(2.4M)(2.6M)0.0(1.4M)(1.3M)(1.3M)
Common Stock67.1K121.9K151.9K165.6K286.0K300.3K
Inventory1.8M15.5M10.1M8.9M45.4M47.7M
Net Tangible Assets(34.9M)395.2M174.7M108.6M124.9M62.6M
Long Term Debt8.3M19.4M197.7M24.7M28.4M32.2M
Retained Earnings Total Equity(178.8M)(109.0M)(510.4M)(627.6M)(564.9M)(536.6M)
Capital Surpluse143.8M504.1M686.3M736.1M846.5M888.8M
Property Plant Equipment6.8M11.4M9.4M21.5M24.7M26.0M
Short Long Term Debt1.3M19.6M1.4M20.2M23.2M24.4M
Other Assets129.2K330.7M2.5M176.3K1.00.95
Net Invested Capital4.1M594.3M199.4M108.6M103.3M159.0M

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Additional Tools for Workhorse Stock Analysis

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.