NikolaCorp Current Deferred Revenue vs Deferred Long Term Liab Analysis
NKLA Stock | USD 0.51 0.01 1.92% |
NikolaCorp financial indicator trend analysis is infinitely more than just investigating NikolaCorp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NikolaCorp is a good investment. Please check the relationship between NikolaCorp Current Deferred Revenue and its Deferred Long Term Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NikolaCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.
Current Deferred Revenue vs Deferred Long Term Liab
Current Deferred Revenue vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NikolaCorp Current Deferred Revenue account and Deferred Long Term Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between NikolaCorp's Current Deferred Revenue and Deferred Long Term Liab is 0.59. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of NikolaCorp, assuming nothing else is changed. The correlation between historical values of NikolaCorp's Current Deferred Revenue and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of NikolaCorp are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Current Deferred Revenue i.e., NikolaCorp's Current Deferred Revenue and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Most indicators from NikolaCorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NikolaCorp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NikolaCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.The current year's Selling General Administrative is expected to grow to about 202.3 M, whereas Tax Provision is forecasted to decline to 3,800.
2023 | 2024 (projected) | Depreciation And Amortization | 35.9M | 37.7M | Interest Income | 181.8K | 172.7K |
NikolaCorp fundamental ratios Correlations
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NikolaCorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NikolaCorp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 229.4M | 1.1B | 989.8M | 1.2B | 1.3B | 926.4M | |
Other Current Liab | 10.8M | 18.8M | 85.2M | 173.4M | 196.5M | 206.3M | |
Total Current Liabilities | 16.5M | 52.3M | 180.6M | 383.6M | 260.1M | 163.8M | |
Total Stockholder Equity | 195.5M | 987.5M | 693.6M | 526.5M | 719.2M | 615.6M | |
Other Liab | 13.3M | 8K | 88.3M | 6.7M | 7.7M | 7.4M | |
Net Tangible Assets | 127.8M | 932.2M | 591.2M | 526.5M | 605.5M | 454.9M | |
Net Debt | (80.9M) | (822.9M) | (469.8M) | 149.6M | (181.1M) | (190.1M) | |
Retained Earnings | (188.5M) | (573.6M) | (1.3B) | (2.0B) | (3.1B) | (2.9B) | |
Accounts Payable | 5.1M | 29.4M | 87.0M | 117.9M | 44.1M | 52.0M | |
Cash | 85.7M | 840.9M | 497.2M | 233.4M | 465.9M | 389.5M | |
Non Current Assets Total | 138.5M | 156.8M | 465.1M | 799.7M | 734.7M | 507.0M | |
Non Currrent Assets Other | 17.4M | 4M | 28.9M | 162.9M | 23.3M | 24.4M | |
Other Assets | 17.4M | 21.7M | 56.5M | 159.5M | 183.4M | 192.6M | |
Cash And Short Term Investments | 85.7M | 840.9M | 497.2M | 233.4M | 465.9M | 389.5M | |
Net Receivables | 658K | 0.0 | 2.7M | 31.9M | 27.2M | 28.6M | |
Common Stock Total Equity | 27K | 39K | 41K | 51K | 58.7K | 34.9K | |
Common Stock Shares Outstanding | 262.5M | 335.3M | 398.8M | 441.8M | 800.0M | 451.9M | |
Liabilities And Stockholders Equity | 229.4M | 1.1B | 989.8M | 1.2B | 1.3B | 926.4M | |
Non Current Liabilities Total | 17.4M | 14.0M | 115.6M | 326.6M | 327.4M | 343.7M | |
Capital Surpluse | 5.0M | 1.6B | 1.9B | 2.6B | 2.9B | 3.1B | |
Inventory | 1.9M | 0.0 | 11.6M | 123.2M | 62.6M | 37.1M | |
Other Current Assets | 2.7M | 5.4M | 15.9M | 37.8M | 16.2M | 16.1M | |
Other Stockholder Equity | 384.0M | 1.6B | 1.9B | 2.6B | 3.8B | 4.0B | |
Total Liab | 33.9M | 66.2M | 296.2M | 710.2M | 587.5M | 310.8M | |
Total Current Assets | 90.9M | 896.9M | 524.7M | 436.9M | 571.9M | 462.5M | |
Accumulated Other Comprehensive Income | 466.6M | 239K | (198K) | (1.6M) | (162K) | (153.9K) | |
Common Stock | 27K | 39K | 41K | 51K | 133K | 139.7K | |
Property Plant Equipment | 53.4M | 71.4M | 244.4M | 467.7M | 537.8M | 564.7M |
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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 NikolaCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NikolaCorp'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 Nikolacorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikolacorp Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NikolaCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock 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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When running NikolaCorp's price analysis, check to measure NikolaCorp'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 NikolaCorp is operating at the current time. Most of NikolaCorp's value examination focuses on studying past and present price action to predict the probability of NikolaCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NikolaCorp's price. Additionally, you may evaluate how the addition of NikolaCorp to your portfolios can decrease your overall portfolio volatility.
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Is NikolaCorp'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 NikolaCorp. If investors know NikolaCorp 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 NikolaCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.06) | Revenue Per Share 0.033 | Quarterly Revenue Growth (0.30) | Return On Assets (0.35) | Return On Equity (1.53) |
The market value of NikolaCorp is measured differently than its book value, which is the value of NikolaCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NikolaCorp's value that differs from its market value or its book value, called intrinsic value, which is NikolaCorp'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 NikolaCorp's market value can be influenced by many factors that don't directly affect NikolaCorp'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 NikolaCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NikolaCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NikolaCorp'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.