Array Interest Expense vs Total Revenue Analysis
| ARRY Stock | USD 10.97 0.37 3.26% |
Array TechnologiesInc financial indicator trend analysis is way more than just evaluating Array TechnologiesInc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Array TechnologiesInc is a good investment. Please check the relationship between Array TechnologiesInc Interest Expense and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Array TechnologiesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.
Interest Expense vs Total Revenue
Interest Expense vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Array TechnologiesInc Interest Expense account and Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Array TechnologiesInc's Interest Expense and Total Revenue is -0.37. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Array TechnologiesInc, assuming nothing else is changed. The correlation between historical values of Array TechnologiesInc's Interest Expense 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 Interest Expense of Array TechnologiesInc 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 Interest Expense i.e., Array TechnologiesInc's Interest Expense and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.37 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts Array TechnologiesInc 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 Array TechnologiesInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Array TechnologiesInc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Array TechnologiesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.At this time, Array TechnologiesInc's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.11 in 2024, whereas Selling General Administrative is likely to drop slightly above 151.6 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 104.9M | 249.9M | 159.5M | 151.6M | Cost Of Revenue | 770.5M | 1.4B | 1.2B | 1.1B |
Array TechnologiesInc fundamental ratios Correlations
Click cells to compare fundamentals
Array TechnologiesInc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Array TechnologiesInc fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 923.6M | 656.0M | 1.1B | 1.7B | 1.7B | 1.6B | |
| Total Current Liabilities | 590.6M | 289.1M | 245.3M | 465.3M | 335.7M | 318.9M | |
| Net Debt | (212.5M) | 319.8M | 353.6M | 635.7M | 458.6M | 481.5M | |
| Cash | 310.3M | 108.4M | 367.7M | 133.9M | 249.1M | 236.6M | |
| Net Receivables | 96.9M | 135.9M | 245.1M | 424.7M | 332.2M | 469.3M | |
| Common Stock Total Equity | 171K | 211K | 127K | 150K | 135K | 128.3K | |
| Liabilities And Stockholders Equity | 923.6M | 656.0M | 1.1B | 1.7B | 1.7B | 1.6B | |
| Inventory | 148.0M | 118.5M | 205.7M | 233.2M | 162.0M | 153.9M | |
| Total Liab | 618.4M | 736.9M | 974.7M | 1.3B | 1.1B | 1.0B | |
| Property Plant And Equipment Gross | 10.7M | 9.8M | 21.9M | 23.2M | 54.0M | 51.3M | |
| Total Current Assets | 619.7M | 375.2M | 852.0M | 831.2M | 832.3M | 790.7M | |
| Accumulated Other Comprehensive Income | (461K) | (6.6M) | 0.0 | 8.4M | 44.8M | 47.1M | |
| Non Current Assets Total | 303.9M | 280.8M | 290.9M | 874.8M | 874.5M | 830.7M | |
| Short Long Term Debt Total | 97.7M | 428.3M | 721.3M | 769.6M | 707.6M | 672.3M | |
| Other Current Liab | 28.6M | 50.0M | 43.5M | 66.7M | 122.5M | 116.4M | |
| Total Stockholder Equity | 305.2M | (80.9M) | 168.3M | 423.9M | 610.5M | 580.0M | |
| Property Plant And Equipment Net | 10.7M | 9.8M | 10.7M | 23.2M | 54.0M | 51.3M | |
| Accounts Payable | 135.5M | 85.0M | 92.0M | 170.4M | 119.5M | 113.5M | |
| Cash And Short Term Investments | 310.3M | 108.4M | 367.7M | 133.9M | 249.1M | 236.6M | |
| Non Current Liabilities Total | 27.8M | 447.8M | 729.4M | 816.9M | 760.5M | 1.2B | |
| Other Current Assets | 13.5M | 12.4M | 33.6M | 39.4M | 89.1M | 84.6M | |
| Other Stockholder Equity | 311.7M | 140.5M | 202.6M | 383.2M | 344.5M | 327.3M | |
| Common Stock | 305.2M | 127K | 135K | 150K | 151K | 143.5K | |
| Current Deferred Revenue | 328.8M | 149.8M | 99.6M | 178.9M | 66.5M | 73.2M | |
| Short Term Debt | 97.7M | 4.3M | 10.2M | 49.2M | 27.2M | 30.1M | |
| Net Tangible Assets | 11.9M | (348.9M) | (313.7M) | 423.9M | 487.4M | 511.8M | |
| Net Invested Capital | 97.7M | 347.3M | 646.2M | 883.3M | 941.7M | 563.0M | |
| Short Long Term Debt | 97.7M | 4.3M | 4.3M | 38.7M | 21.5M | 30.1M | |
| Non Current Liabilities Other | 12.0M | 10.7M | 18.4M | 24.0M | 32.7M | 20.7M | |
| Net Working Capital | 29.1M | 86.1M | 606.7M | 365.9M | 496.6M | 297.7M | |
| Intangible Assets | 223.5M | 198.3M | 174.8M | 386.4M | 350.4M | 290.0M | |
| Property Plant Equipment | 10.7M | 9.8M | 21.9M | 23.2M | 26.7M | 16.8M |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Array TechnologiesInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Array Stock please use our How to Invest in Array TechnologiesInc guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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Is Array TechnologiesInc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Array TechnologiesInc. If investors know Array will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Array TechnologiesInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.65) | Earnings Share 0.38 | Revenue Per Share 8.954 | Quarterly Revenue Growth (0.59) | Return On Assets 0.0628 |
The market value of Array TechnologiesInc is measured differently than its book value, which is the value of Array that is recorded on the company's balance sheet. Investors also form their own opinion of Array TechnologiesInc's value that differs from its market value or its book value, called intrinsic value, which is Array TechnologiesInc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Array TechnologiesInc's market value can be influenced by many factors that don't directly affect Array TechnologiesInc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Array TechnologiesInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Array TechnologiesInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Array TechnologiesInc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.