Array Long Term Debt vs Capital Surpluse Analysis
| ARRY Stock | USD 12.98 1.87 16.83% |
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 Long Term Debt and its Capital Surpluse 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.
Long Term Debt vs Capital Surpluse
Long Term Debt vs Capital Surpluse Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Array TechnologiesInc Long Term Debt account and Capital Surpluse. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Array TechnologiesInc's Long Term Debt and Capital Surpluse is 0.88. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Capital Surpluse 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 Long Term Debt and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Array TechnologiesInc are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Long Term Debt i.e., Array TechnologiesInc's Long Term Debt and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Long Term Debt
Long-term debt is a debt that Array TechnologiesInc has held for over one year. Long-term debt appears on Array TechnologiesInc balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Array TechnologiesInc balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Capital Surpluse
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
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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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Array TechnologiesInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Array TechnologiesInc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Array Technologiesinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Array Technologiesinc Stock: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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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When running Array TechnologiesInc's price analysis, check to measure Array TechnologiesInc'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 Array TechnologiesInc is operating at the current time. Most of Array TechnologiesInc's value examination focuses on studying past and present price action to predict the probability of Array TechnologiesInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array TechnologiesInc's price. Additionally, you may evaluate how the addition of Array TechnologiesInc to your portfolios can decrease your overall portfolio volatility.
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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.