Canoo Other Current Assets vs Total Stockholder Equity Analysis

GOEV Stock

USD 0.54 0.08 12.90%

Canoo financial indicator trend analysis is way more than just evaluating Canoo Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canoo Inc is a good investment. Please check the relationship between Canoo Other Current Assets and its Total Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Other Current Assets vs Total Stockholder Equity

Other Current Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canoo Inc Other Current Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Canoo's Other Current Assets and Total Stockholder Equity is 0.58. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Canoo Inc, assuming nothing else is changed. The correlation between historical values of Canoo's Other Current Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Canoo Inc are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Other Current Assets i.e., Canoo's Other Current Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from Canoo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canoo Inc 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canoo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Tax Provision is expected to grow at the current pace this year. Selling General Administrative is likely to drop to about 113.5 M in 2024

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	8.9M	11.6M	13.2M	10.0M
Total Operating Expenses	449.9M	506.8M	252.5M	348.6M

Reconciled Depreciation Total Operating Expenses

Canoo fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Other Current Assets	Other Stockholder Equity	Total Current Assets	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations
Total Current Liabilities		0.59	-0.89	0.98	0.85	0.56	0.9	0.02	0.91	0.67	-0.39	0.95	0.56	-0.28	0.98	0.01	-0.06	0.97	0.9	-0.81	-0.06	0.83	0.77	-0.8	-0.78	0.8
Net Tangible Assets	0.59		-0.66	0.64	0.54	0.59	0.84	0.79	0.59	0.99	-0.89	0.64	0.99	0.57	0.58	-0.77	0.74	0.57	0.82	-0.93	0.74	0.92	0.59	-0.94	-0.29	0.45
Retained Earnings	-0.89	-0.66		-0.87	-0.97	-0.49	-0.92	-0.07	-0.99	-0.76	0.4	-0.86	-0.65	0.2	-0.95	0.03	0.01	-0.94	-0.94	0.87	0.01	-0.87	-0.96	0.86	0.62	-0.94
Accounts Payable	0.98	0.64	-0.87		0.83	0.52	0.9	0.11	0.88	0.72	-0.45	0.94	0.62	-0.18	0.94	-0.08	0.03	0.94	0.91	-0.83	0.03	0.84	0.73	-0.83	-0.78	0.78
Other Assets	0.85	0.54	-0.97	0.83		0.29	0.84	-0.05	0.97	0.67	-0.24	0.76	0.55	-0.26	0.9	0.08	-0.11	0.91	0.86	-0.78	-0.11	0.77	0.95	-0.78	-0.54	0.99
Other Current Assets	0.56	0.59	-0.49	0.52	0.29		0.57	0.33	0.51	0.58	-0.76	0.77	0.58	0.02	0.51	-0.31	0.23	0.47	0.69	-0.65	0.23	0.64	0.46	-0.65	-0.69	0.21
Other Stockholder Equity	0.9	0.84	-0.92	0.9	0.84	0.57		0.36	0.89	0.9	-0.61	0.87	0.82	0.08	0.92	-0.33	0.28	0.92	0.96	-0.95	0.28	0.98	0.83	-0.95	-0.54	0.78
Total Current Assets	0.02	0.79	-0.07	0.11	-0.05	0.33	0.36		-0.01	0.69	-0.84	0.11	0.79	0.94	-0.01	-1.0	0.99	-0.03	0.32	-0.53	0.99	0.51	0.03	-0.54	0.17	-0.15
Property Plant Equipment	0.91	0.59	-0.99	0.88	0.97	0.51	0.89	-0.01		0.71	-0.37	0.89	0.6	-0.29	0.95	0.05	-0.1	0.94	0.93	-0.84	-0.1	0.83	0.96	-0.83	-0.69	0.95
Total Assets	0.67	0.99	-0.76	0.72	0.67	0.58	0.9	0.69	0.71		-0.84	0.71	0.99	0.46	0.68	-0.67	0.64	0.67	0.89	-0.97	0.64	0.96	0.7	-0.98	-0.36	0.58
Short Long Term Debt Total	-0.39	-0.89	0.4	-0.45	-0.24	-0.76	-0.61	-0.84	-0.37	-0.84		-0.56	-0.9	-0.61	-0.33	0.82	-0.77	-0.3	-0.67	0.79	-0.77	-0.74	-0.35	0.79	0.36	-0.13
Other Current Liab	0.95	0.64	-0.86	0.94	0.76	0.77	0.87	0.11	0.89	0.71	-0.56		0.63	-0.22	0.92	-0.08	0.01	0.9	0.93	-0.84	0.01	0.84	0.76	-0.84	-0.87	0.71
Total Stockholder Equity	0.56	0.99	-0.65	0.62	0.55	0.58	0.82	0.79	0.6	0.99	-0.9	0.63		0.58	0.56	-0.77	0.74	0.54	0.82	-0.93	0.74	0.91	0.61	-0.94	-0.29	0.46
Other Liab	-0.28	0.57	0.2	-0.18	-0.26	0.02	0.08	0.94	-0.29	0.46	-0.61	-0.22	0.58		-0.29	-0.95	0.97	-0.3	0.01	-0.25	0.97	0.24	-0.21	-0.26	0.47	-0.34
Property Plant And Equipment Net	0.98	0.58	-0.95	0.94	0.9	0.51	0.92	-0.01	0.95	0.68	-0.33	0.92	0.56	-0.29		0.04	-0.1	1.0	0.91	-0.81	-0.1	0.85	0.87	-0.8	-0.68	0.87
Net Debt	0.01	-0.77	0.03	-0.08	0.08	-0.31	-0.33	-1.0	0.05	-0.67	0.82	-0.08	-0.77	-0.95	0.04		-1.0	0.06	-0.28	0.5	-1.0	-0.48	0.01	0.51	-0.19	0.18
Cash	-0.06	0.74	0.01	0.03	-0.11	0.23	0.28	0.99	-0.1	0.64	-0.77	0.01	0.74	0.97	-0.1	-1.0		-0.11	0.23	-0.46	1.0	0.44	-0.05	-0.46	0.26	-0.2
Non Current Assets Total	0.97	0.57	-0.94	0.94	0.91	0.47	0.92	-0.03	0.94	0.67	-0.3	0.9	0.54	-0.3	1.0	0.06	-0.11		0.89	-0.79	-0.11	0.83	0.86	-0.79	-0.66	0.88
Non Currrent Assets Other	0.9	0.82	-0.94	0.91	0.86	0.69	0.96	0.32	0.93	0.89	-0.67	0.93	0.82	0.01	0.91	-0.28	0.23	0.89		-0.97	0.23	0.96	0.88	-0.97	-0.68	0.8
Long Term Debt	-0.81	-0.93	0.87	-0.83	-0.78	-0.65	-0.95	-0.53	-0.84	-0.97	0.79	-0.84	-0.93	-0.25	-0.81	0.5	-0.46	-0.79	-0.97		-0.46	-0.98	-0.8	1.0	0.54	-0.7
Cash And Short Term Investments	-0.06	0.74	0.01	0.03	-0.11	0.23	0.28	0.99	-0.1	0.64	-0.77	0.01	0.74	0.97	-0.1	-1.0	1.0	-0.11	0.23	-0.46		0.44	-0.05	-0.46	0.26	-0.2
Common Stock Total Equity	0.83	0.92	-0.87	0.84	0.77	0.64	0.98	0.51	0.83	0.96	-0.74	0.84	0.91	0.24	0.85	-0.48	0.44	0.83	0.96	-0.98	0.44		0.8	-0.98	-0.49	0.69
Common Stock Shares Outstanding	0.77	0.59	-0.96	0.73	0.95	0.46	0.83	0.03	0.96	0.7	-0.35	0.76	0.61	-0.21	0.87	0.01	-0.05	0.86	0.88	-0.8	-0.05	0.8		-0.8	-0.5	0.93
Short Term Investments	-0.8	-0.94	0.86	-0.83	-0.78	-0.65	-0.95	-0.54	-0.83	-0.98	0.79	-0.84	-0.94	-0.26	-0.8	0.51	-0.46	-0.79	-0.97	1.0	-0.46	-0.98	-0.8		0.53	-0.7
Non Current Liabilities Total	-0.78	-0.29	0.62	-0.78	-0.54	-0.69	-0.54	0.17	-0.69	-0.36	0.36	-0.87	-0.29	0.47	-0.68	-0.19	0.26	-0.66	-0.68	0.54	0.26	-0.49	-0.5	0.53		-0.5
Capital Lease Obligations	0.8	0.45	-0.94	0.78	0.99	0.21	0.78	-0.15	0.95	0.58	-0.13	0.71	0.46	-0.34	0.87	0.18	-0.2	0.88	0.8	-0.7	-0.2	0.69	0.93	-0.7	-0.5

Click cells to compare fundamentals

Canoo Account Relationship Matchups

Canoo fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	10.4M	27.9M	136.2M	218.3M	184.4M	110.8M
Net Tangible Assets	(55.9M)	571.9M	344.0M	236.6M	272.1M	220.2M
Retained Earnings	(258.7M)	(348.5M)	(692.1M)	(1.2B)	(1.5B)	(1.4B)
Accounts Payable	2.3M	17.2M	52.3M	103.2M	65.3M	44.9M
Other Assets	1.3M	14.2M	15.2M	93.4M	107.4M	112.8M
Other Current Assets	1.8M	6.5M	63.8M	9.4M	16.1M	17.9M
Other Stockholder Equity	202.8M	920.3M	1.0B	1.4B	1.7B	969.3M
Total Current Assets	31.3M	708.9M	291.3M	52.3M	32.6M	30.9M
Property Plant Equipment	39.6M	43.3M	216.5M	350.7M	403.3M	423.5M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Canoo Stock Analysis

When running Canoo's price analysis, check to measure Canoo'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 Canoo is operating at the current time. Most of Canoo's value examination focuses on studying past and present price action to predict the probability of Canoo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo's price. Additionally, you may evaluate how the addition of Canoo to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC