Evolv Capital Lease Obligations vs Total Current Liabilities Analysis

EVLV Stock

USD 2.54 0.03 1.17%

Evolv Technologies financial indicator trend analysis is much more than just examining Evolv Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evolv Technologies is a good investment. Please check the relationship between Evolv Technologies Capital Lease Obligations and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolv Technologies Holdings. 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 economic analysis.

Capital Lease Obligations vs Total Current Liabilities

Capital Lease Obligations vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evolv Technologies Capital Lease Obligations account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Evolv Technologies' Capital Lease Obligations and Total Current Liabilities is 0.88. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Evolv Technologies Holdings, assuming nothing else is changed. The correlation between historical values of Evolv Technologies' Capital Lease Obligations and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Evolv Technologies Holdings are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Capital Lease Obligations i.e., Evolv Technologies' Capital Lease Obligations and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

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Capital Lease Obligations

Evolv Technologies capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Evolv Technologies asset purchases. For example, Evolv Technologies can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Evolv Technologies control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Total Current Liabilities

Total Current Liabilities is an item on Evolv Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Evolv Technologies Holdings 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.

Most indicators from Evolv Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evolv Technologies 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolv Technologies Holdings. 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 economic analysis.

Selling General Administrative is likely to climb to about 89.2 M in 2024, whereas Tax Provision is likely to drop slightly above 28.1 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	6.7M	712K	654K	621.3K
Depreciation And Amortization	2.9M	6.3M	9.9M	10.4M

Interest Expense Depreciation And Amortization

Evolv Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.4	0.93	0.82	0.99	0.95	0.92	0.7	0.67	-0.88	-0.75	0.85	0.87	0.73	0.99	0.95	0.95	0.83	-0.14	-0.75	0.67	0.91	0.76	0.99	0.57	0.99
Short Long Term Debt Total	0.4		0.33	0.28	0.39	0.26	0.5	-0.01	-0.03	-0.44	-0.12	0.47	0.52	0.03	0.47	0.3	0.42	0.51	-0.45	0.04	0.52	0.49	0.21	0.36	0.27	0.43
Other Current Liab	0.93	0.33		0.96	0.87	0.95	0.92	0.85	0.83	-0.65	-0.9	0.95	0.65	0.87	0.96	0.95	0.78	0.9	-0.13	-0.52	0.78	0.97	0.88	0.97	0.82	0.87
Total Current Liabilities	0.82	0.28	0.96		0.74	0.88	0.79	0.86	0.85	-0.47	-0.92	0.97	0.48	0.88	0.88	0.87	0.62	0.94	0.07	-0.4	0.88	0.96	0.92	0.9	0.91	0.74
Total Stockholder Equity	0.99	0.39	0.87	0.74		0.91	0.89	0.61	0.58	-0.94	-0.66	0.78	0.93	0.65	0.95	0.91	0.99	0.76	-0.15	-0.81	0.59	0.85	0.67	0.96	0.45	1.0
Other Liab	0.95	0.26	0.95	0.88	0.91		0.9	0.88	0.86	-0.72	-0.9	0.88	0.7	0.9	0.96	1.0	0.86	0.84	-0.12	-0.71	0.7	0.92	0.89	0.96	0.7	0.91
Net Tangible Assets	0.92	0.5	0.92	0.79	0.89	0.9		0.7	0.67	-0.76	-0.75	0.82	0.76	0.73	0.94	0.92	0.85	0.75	-0.47	-0.49	0.59	0.88	0.71	0.92	0.66	0.89
Property Plant And Equipment Net	0.7	-0.01	0.85	0.86	0.61	0.88	0.7		1.0	-0.3	-0.99	0.81	0.28	1.0	0.75	0.87	0.51	0.75	-0.01	-0.45	0.68	0.81	0.96	0.77	0.85	0.6
Current Deferred Revenue	0.67	-0.03	0.83	0.85	0.58	0.86	0.67	1.0		-0.27	-0.99	0.8	0.24	1.0	0.73	0.85	0.48	0.74	0.01	-0.42	0.67	0.79	0.95	0.74	0.86	0.57
Net Debt	-0.88	-0.44	-0.65	-0.47	-0.94	-0.72	-0.76	-0.3	-0.27		0.35	-0.54	-1.0	-0.35	-0.81	-0.72	-0.97	-0.55	0.21	0.81	-0.36	-0.64	-0.38	-0.81	-0.13	-0.94
Retained Earnings	-0.75	-0.12	-0.9	-0.92	-0.66	-0.9	-0.75	-0.99	-0.99	0.35		-0.89	-0.34	-0.99	-0.81	-0.9	-0.55	-0.83	0.03	0.43	-0.77	-0.88	-0.98	-0.82	-0.9	-0.66
Accounts Payable	0.85	0.47	0.95	0.97	0.78	0.88	0.82	0.81	0.8	-0.54	-0.89		0.56	0.83	0.92	0.88	0.68	0.99	0.01	-0.42	0.94	0.99	0.92	0.9	0.88	0.78
Cash	0.87	0.52	0.65	0.48	0.93	0.7	0.76	0.28	0.24	-1.0	-0.34	0.56		0.32	0.81	0.7	0.96	0.57	-0.23	-0.76	0.39	0.65	0.37	0.8	0.14	0.93
Non Current Assets Total	0.73	0.03	0.87	0.88	0.65	0.9	0.73	1.0	1.0	-0.35	-0.99	0.83	0.32		0.78	0.9	0.55	0.77	-0.02	-0.47	0.69	0.83	0.96	0.79	0.85	0.64
Non Currrent Assets Other	0.99	0.47	0.96	0.88	0.95	0.96	0.94	0.75	0.73	-0.81	-0.81	0.92	0.81	0.78		0.96	0.9	0.89	-0.18	-0.64	0.76	0.96	0.82	0.99	0.69	0.96
Other Assets	0.95	0.3	0.95	0.87	0.91	1.0	0.92	0.87	0.85	-0.72	-0.9	0.88	0.7	0.9	0.96		0.86	0.83	-0.2	-0.67	0.69	0.92	0.88	0.96	0.71	0.91
Cash And Short Term Investments	0.95	0.42	0.78	0.62	0.99	0.86	0.85	0.51	0.48	-0.97	-0.55	0.68	0.96	0.55	0.9	0.86		0.67	-0.22	-0.83	0.49	0.77	0.57	0.9	0.31	0.99
Net Receivables	0.83	0.51	0.9	0.94	0.76	0.84	0.75	0.75	0.74	-0.55	-0.83	0.99	0.57	0.77	0.89	0.83	0.67		0.1	-0.44	0.97	0.97	0.89	0.87	0.83	0.77
Common Stock Shares Outstanding	-0.14	-0.45	-0.13	0.07	-0.15	-0.12	-0.47	-0.01	0.01	0.21	0.03	0.01	-0.23	-0.02	-0.18	-0.2	-0.22	0.1		-0.18	0.2	-0.07	0.07	-0.1	-0.04	-0.17
Non Current Liabilities Total	-0.75	0.04	-0.52	-0.4	-0.81	-0.71	-0.49	-0.45	-0.42	0.81	0.43	-0.42	-0.76	-0.47	-0.64	-0.67	-0.83	-0.44	-0.18		-0.27	-0.49	-0.46	-0.69	-0.05	-0.79
Capital Lease Obligations	0.67	0.52	0.78	0.88	0.59	0.7	0.59	0.68	0.67	-0.36	-0.77	0.94	0.39	0.69	0.76	0.69	0.49	0.97	0.2	-0.27		0.89	0.85	0.73	0.83	0.61
Inventory	0.91	0.49	0.97	0.96	0.85	0.92	0.88	0.81	0.79	-0.64	-0.88	0.99	0.65	0.83	0.96	0.92	0.77	0.97	-0.07	-0.49	0.89		0.9	0.95	0.83	0.86
Other Current Assets	0.76	0.21	0.88	0.92	0.67	0.89	0.71	0.96	0.95	-0.38	-0.98	0.92	0.37	0.96	0.82	0.88	0.57	0.89	0.07	-0.46	0.85	0.9		0.82	0.89	0.67
Other Stockholder Equity	0.99	0.36	0.97	0.9	0.96	0.96	0.92	0.77	0.74	-0.81	-0.82	0.9	0.8	0.79	0.99	0.96	0.9	0.87	-0.1	-0.69	0.73	0.95	0.82		0.67	0.96
Total Liab	0.57	0.27	0.82	0.91	0.45	0.7	0.66	0.85	0.86	-0.13	-0.9	0.88	0.14	0.85	0.69	0.71	0.31	0.83	-0.04	-0.05	0.83	0.83	0.89	0.67		0.45
Net Invested Capital	0.99	0.43	0.87	0.74	1.0	0.91	0.89	0.6	0.57	-0.94	-0.66	0.78	0.93	0.64	0.96	0.91	0.99	0.77	-0.17	-0.79	0.61	0.86	0.67	0.96	0.45

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Evolv Capital Lease Obligations vs Total Current Liabilities Analysis

Capital Lease Obligations vs Total Current Liabilities

Capital Lease Obligations vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Capital Lease Obligations

Total Current Liabilities

Evolv Technologies fundamental ratios Correlations

Evolv Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Evolv Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Stockholder Equity
Other Assets	+ 1.0	Other Liab
Current Deferred Revenue	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Current Deferred Revenue
Total Stockholder Equity	+ 0.99	Total Assets

Cash	- 1.0	Net Debt
Non Current Assets Total	- 0.99	Retained Earnings
Retained Earnings	- 0.99	Current Deferred Revenue
Retained Earnings	- 0.99	Property Plant And Equipment Net
Other Current Assets	- 0.98	Retained Earnings
Cash And Short Term Investments	- 0.97	Net Debt