Sobr Net Debt vs Cash Analysis

SOBR Stock

USD 5.34 0.21 4.09%

Sobr Safe financial indicator trend analysis is much more than just breaking down Sobr Safe prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sobr Safe is a good investment. Please check the relationship between Sobr Safe Net Debt and its Cash accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sobr Safe. 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 labor statistics.

To learn how to invest in Sobr Stock, please use our How to Invest in Sobr Safe guide.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sobr Safe Net Debt account and Cash. At this time, the significance of the direction appears to have pay attention.

The correlation between Sobr Safe's Net Debt and Cash is -0.92. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Sobr Safe, assuming nothing else is changed. The correlation between historical values of Sobr Safe's Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Sobr Safe are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Sobr Safe's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.92

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of Sobr Safe, which is listed under current asset account on Sobr Safe balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sobr Safe customers. The amounts must be unrestricted with restricted cash listed in a different Sobr Safe account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Sobr Safe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sobr Safe 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sobr Safe. 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 labor statistics.

To learn how to invest in Sobr Stock, please use our How to Invest in Sobr Safe guide.At this time, Sobr Safe's Selling General Administrative is relatively stable compared to the past year. As of 11/28/2024, Issuance Of Capital Stock is likely to grow to about 19.3 M, though Enterprise Value Multiple is likely to grow to (0.83).

	2021	2023	2024 (projected)
Interest Expense	2.3M	804.3K	693.1K
Depreciation And Amortization	385.5K	443.3K	465.4K

Interest Expense Depreciation And Amortization

Sobr Safe fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Inventory	Other Current Assets	Short Term Debt	Non Current Liabilities Total	Other Assets	Short Long Term Debt
Total Assets		-0.05	0.03	0.94	0.84	-0.79	-0.91	-0.2	0.93	0.84	0.78	0.93	0.61	0.82	0.92	0.21	0.94	-0.49	0.67	-0.43	0.77	0.88	0.33	0.75	0.83	0.65
Other Current Liab	-0.05		0.53	-0.21	0.07	0.19	-0.06	-0.13	-0.08	0.02	0.18	-0.08	-0.32	0.03	0.03	0.49	-0.09	0.66	0.2	0.68	-0.06	-0.1	0.35	0.05	0.16	0.18
Total Current Liabilities	0.03	0.53		-0.24	0.14	0.06	-0.08	0.25	0.08	-0.03	0.33	0.08	-0.46	-0.01	0.04	0.81	0.06	0.58	0.33	0.56	-0.08	-0.17	0.78	-0.08	0.26	0.31
Total Stockholder Equity	0.94	-0.21	-0.24		0.66	-0.86	-0.76	-0.35	0.89	0.77	0.58	0.89	0.68	0.66	0.79	-0.11	0.9	-0.59	0.41	-0.56	0.63	0.82	0.18	0.62	0.63	0.45
Property Plant And Equipment Net	0.84	0.07	0.14	0.66		-0.41	-0.93	0.05	0.72	0.78	0.9	0.72	0.55	0.94	0.93	0.47	0.75	-0.47	0.94	-0.38	0.89	0.81	0.27	0.87	0.97	0.84
Net Debt	-0.79	0.19	0.06	-0.86	-0.41		0.48	0.3	-0.92	-0.39	-0.38	-0.92	-0.62	-0.36	-0.52	0.1	-0.91	0.32	-0.19	0.31	-0.44	-0.6	-0.35	-0.44	-0.39	-0.37
Retained Earnings	-0.91	-0.06	-0.08	-0.76	-0.93	0.48		-0.02	-0.74	-0.9	-0.86	-0.74	-0.47	-0.96	-1.0	-0.39	-0.77	0.41	-0.84	0.33	-0.89	-0.93	-0.17	-0.82	-0.94	-0.68
Accounts Payable	-0.2	-0.13	0.25	-0.35	0.05	0.3	-0.02		-0.17	-0.21	0.16	-0.17	-0.26	0.06	-0.02	0.44	-0.15	0.13	0.21	0.15	0.13	-0.05	-0.02	-0.03	0.1	0.18
Cash	0.93	-0.08	0.08	0.89	0.72	-0.92	-0.74	-0.17		0.58	0.67	1.0	0.65	0.65	0.76	0.18	1.0	-0.38	0.55	-0.32	0.69	0.77	0.41	0.69	0.69	0.64
Non Current Assets Total	0.84	0.02	-0.03	0.77	0.78	-0.39	-0.9	-0.21	0.58		0.74	0.58	0.36	0.81	0.9	0.2	0.61	-0.51	0.64	-0.49	0.64	0.78	0.16	0.59	0.79	0.47
Non Currrent Assets Other	0.78	0.18	0.33	0.58	0.9	-0.38	-0.86	0.16	0.67	0.74		0.67	0.32	0.79	0.83	0.68	0.69	-0.32	0.88	-0.28	0.7	0.65	0.49	0.68	0.89	0.9
Cash And Short Term Investments	0.93	-0.08	0.08	0.89	0.72	-0.92	-0.74	-0.17	1.0	0.58	0.67		0.65	0.65	0.76	0.18	1.0	-0.38	0.55	-0.32	0.69	0.77	0.41	0.69	0.69	0.64
Net Receivables	0.61	-0.32	-0.46	0.68	0.55	-0.62	-0.47	-0.26	0.65	0.36	0.32	0.65		0.54	0.5	-0.24	0.66	-0.57	0.32	-0.56	0.63	0.62	-0.13	0.67	0.46	0.49
Common Stock Shares Outstanding	0.82	0.03	-0.01	0.66	0.94	-0.36	-0.96	0.06	0.65	0.81	0.79	0.65	0.54		0.96	0.35	0.69	-0.44	0.88	-0.33	0.96	0.92	0.0	0.9	0.94	0.68
Other Stockholder Equity	0.92	0.03	0.04	0.79	0.93	-0.52	-1.0	-0.02	0.76	0.9	0.83	0.76	0.5	0.96		0.33	0.79	-0.44	0.82	-0.35	0.89	0.94	0.15	0.83	0.93	0.65
Total Liab	0.21	0.49	0.81	-0.11	0.47	0.1	-0.39	0.44	0.18	0.2	0.68	0.18	-0.24	0.35	0.33		0.18	0.33	0.66	0.34	0.28	0.12	0.61	0.27	0.54	0.67
Total Current Assets	0.94	-0.09	0.06	0.9	0.75	-0.91	-0.77	-0.15	1.0	0.61	0.69	1.0	0.66	0.69	0.79	0.18		-0.39	0.59	-0.33	0.74	0.81	0.38	0.73	0.72	0.65
Common Stock	-0.49	0.66	0.58	-0.59	-0.47	0.32	0.41	0.13	-0.38	-0.51	-0.32	-0.38	-0.57	-0.44	-0.44	0.33	-0.39		-0.27	0.97	-0.42	-0.45	0.18	-0.4	-0.3	-0.27
Short Long Term Debt Total	0.67	0.2	0.33	0.41	0.94	-0.19	-0.84	0.21	0.55	0.64	0.88	0.55	0.32	0.88	0.82	0.66	0.59	-0.27		-0.16	0.83	0.67	0.31	0.8	0.94	0.84
Current Deferred Revenue	-0.43	0.68	0.56	-0.56	-0.38	0.31	0.33	0.15	-0.32	-0.49	-0.28	-0.32	-0.56	-0.33	-0.35	0.34	-0.33	0.97	-0.16		-0.28	-0.34	0.12	-0.27	-0.23	-0.24
Inventory	0.77	-0.06	-0.08	0.63	0.89	-0.44	-0.89	0.13	0.69	0.64	0.7	0.69	0.63	0.96	0.89	0.28	0.74	-0.42	0.83	-0.28		0.93	-0.08	0.95	0.87	0.66
Other Current Assets	0.88	-0.1	-0.17	0.82	0.81	-0.6	-0.93	-0.05	0.77	0.78	0.65	0.77	0.62	0.92	0.94	0.12	0.81	-0.45	0.67	-0.34	0.93		-0.09	0.86	0.81	0.5
Short Term Debt	0.33	0.35	0.78	0.18	0.27	-0.35	-0.17	-0.02	0.41	0.16	0.49	0.41	-0.13	0.0	0.15	0.61	0.38	0.18	0.31	0.12	-0.08	-0.09		-0.04	0.3	0.5
Non Current Liabilities Total	0.75	0.05	-0.08	0.62	0.87	-0.44	-0.82	-0.03	0.69	0.59	0.68	0.69	0.67	0.9	0.83	0.27	0.73	-0.4	0.8	-0.27	0.95	0.86	-0.04		0.82	0.69
Other Assets	0.83	0.16	0.26	0.63	0.97	-0.39	-0.94	0.1	0.69	0.79	0.89	0.69	0.46	0.94	0.93	0.54	0.72	-0.3	0.94	-0.23	0.87	0.81	0.3	0.82		0.79
Short Long Term Debt	0.65	0.18	0.31	0.45	0.84	-0.37	-0.68	0.18	0.64	0.47	0.9	0.64	0.49	0.68	0.65	0.67	0.65	-0.27	0.84	-0.24	0.66	0.5	0.5	0.69	0.79

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Sobr Safe Account Relationship Matchups

Sobr Safe fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.1K	4.0M	4.2M	11.9M	6.1M	6.5M
Other Current Liab	2.4M	580.4K	1.7M	669.5K	823.9K	836.9K
Total Current Liabilities	3.4M	947.1K	4.0M	2.8M	1.5M	2.1M
Total Stockholder Equity	(3.4M)	3.1M	(430.0K)	9.1M	2.0M	2.1M
Net Debt	861.3K	(116.8K)	1.7M	(6.8M)	(107.7K)	(102.3K)
Retained Earnings	(18.3M)	(49.6M)	(57.5M)	(78.3M)	(87.8M)	(83.4M)
Accounts Payable	191.7K	101.3K	270.2K	143.0K	525.7K	287.3K
Cash	89.0	232.8K	882.3K	8.6M	2.8M	2.9M
Cash And Short Term Investments	89.0	232.8K	882.3K	8.6M	2.8M	2.9M
Common Stock Shares Outstanding	1.1M	5.1M	8.7M	11.0M	18.1M	19.1M
Liabilities And Stockholders Equity	13.1K	4.0M	4.2M	11.9M	6.1M	6.5M
Other Stockholder Equity	14.9M	52.7M	57.0M	87.5M	89.8M	94.3M
Total Liab	3.4M	947.1K	4.7M	2.8M	4.2M	2.4M
Total Current Assets	13.1K	348.1K	934.3K	9.0M	3.4M	3.5M
Common Stock	1.2K	260.0	263.0	170.0	186.0	176.7
Short Long Term Debt Total	861.4K	116.0K	2.6M	1.8M	2.7M	2.8M
Other Current Assets	13.0K	115.2K	12.6K	200.9K	213.3K	223.9K
Short Term Debt	861.4K	91.0K	1.9M	1.8M	173.2K	164.6K
Non Current Liabilities Total	1.1M	25.0K	710.9K	2.0M	2.6M	2.8M
Short Long Term Debt	930.5K	116.0K	1.9M	1.8M	2.1M	1.1M
Net Invested Capital	(2.6M)	3.2M	2.2M	11.0M	12.6M	13.2M
Net Working Capital	(3.6M)	(599.0K)	(3.0M)	6.2M	7.1M	7.5M
Capital Stock	2.1K	260.0	263.0	200.0	180.0	171.0

Pair Trading with Sobr Safe

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sobr Safe position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sobr Safe will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sobr Stock

0.7	ST	Sensata Technologies	Pair Corr
0.83	WATT	Energous	Pair Corr

Moving against Sobr Stock

0.81	TDY	Teledyne Technologies Fiscal Year End 22nd of January 2025	Pair Corr
0.8	ESE	ESCO Technologies	Pair Corr
0.79	ITRI	Itron Inc	Pair Corr
0.74	GNSS	Genasys Earnings Call This Week	Pair Corr
0.69	VNT	Vontier Corp	Pair Corr

The ability to find closely correlated positions to Sobr Safe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sobr Safe when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sobr Safe - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sobr Safe to buy it.

The correlation of Sobr Safe is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sobr Safe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sobr Safe moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Sobr Safe can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Sobr Stock Analysis

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

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