Sobr Net Tangible Assets vs Accounts Payable Analysis
| SOBR Stock | | | USD 3.26 0.04 1.24% |
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 Tangible Assets and its Accounts Payable 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 various price indices.
To learn how to invest in Sobr Stock, please use our
How to Invest in Sobr Safe guide.
Net Tangible Assets vs Accounts Payable
Net Tangible Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sobr Safe Net Tangible Assets account and
Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Sobr Safe's Net Tangible Assets and Accounts Payable is -0.35. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Accounts Payable 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 Tangible Assets and Accounts Payable 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 Tangible Assets of Sobr Safe are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Tangible Assets i.e., Sobr Safe's Net Tangible Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.35 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Accounts Payable
An accounting item on the balance sheet that represents Sobr Safe obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Sobr Safe are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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 various price indices.
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 08/10/2025,
Enterprise Value Over EBITDA is likely to grow to 0.99, while
Sales General And Administrative To Revenue is likely to drop 31.02.
Sobr Safe fundamental ratios Correlations
Click cells to compare fundamentals
Sobr Safe Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sobr Safe fundamental ratios Accounts
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.