Sphere Sale Purchase Of Stock vs Capital Expenditures Analysis

ANY Stock

USD 1.09 0.07 6.86%

Sphere 3D financial indicator trend analysis is much more than just breaking down Sphere 3D Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sphere 3D Corp is a good investment. Please check the relationship between Sphere 3D Sale Purchase Of Stock and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sphere 3D Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Sale Purchase Of Stock vs Capital Expenditures

Sale Purchase Of Stock vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sphere 3D Corp Sale Purchase Of Stock account and Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Sphere 3D's Sale Purchase Of Stock and Capital Expenditures is -0.18. Overlapping area represents the amount of variation of Sale Purchase Of Stock that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Sphere 3D Corp, assuming nothing else is changed. The correlation between historical values of Sphere 3D's Sale Purchase Of Stock and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Sale Purchase Of Stock of Sphere 3D Corp are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Sale Purchase Of Stock i.e., Sphere 3D's Sale Purchase Of Stock and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Sale Purchase Of Stock

Capital Expenditures

Capital Expenditures are funds used by Sphere 3D Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Sphere 3D operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Sphere 3D's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sphere 3D Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Sphere 3D Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to rise to about 59.2 K in 2025, whereas Selling General Administrative is likely to drop slightly above 10.7 M in 2025.

	2022	2023	2024	2025 (projected)
Cost Of Revenue	3.4M	15.9M	14.3M	14.0M
Research Development	605K	1.0M	923.4K	877.2K

Cost Of Revenue Research Development

Sphere 3D fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Common Stock Total Equity	Retained Earnings Total Equity	Non Current Liabilities Total
Total Assets		0.6	0.38	0.92	-0.37	-0.12	0.83	0.83	0.1	0.43	0.61	0.45	0.44	0.98	0.53	0.26	0.76	0.4	0.99	0.02	0.34	0.38	0.51	0.47	-0.46	0.34
Other Current Liab	0.6		0.82	0.29	0.43	0.08	0.11	0.11	-0.11	0.32	0.05	0.76	0.85	0.53	0.85	-0.23	-0.02	0.89	0.61	-0.08	-0.11	0.77	0.93	0.47	-0.43	0.58
Total Current Liabilities	0.38	0.82		0.03	0.68	0.16	0.01	0.01	-0.3	0.06	-0.17	0.94	0.91	0.4	0.8	-0.45	-0.19	0.91	0.36	-0.15	-0.32	0.62	0.9	0.37	-0.31	0.37
Total Stockholder Equity	0.92	0.29	0.03		-0.68	-0.15	0.94	0.94	0.18	0.37	0.73	0.14	0.05	0.92	0.2	0.42	0.9	0.03	0.91	-0.05	0.45	0.1	0.16	0.34	-0.33	0.08
Net Debt	-0.37	0.43	0.68	-0.68		0.14	-0.72	-0.72	-0.22	-0.25	-0.58	0.53	0.61	-0.39	0.42	-0.53	-0.77	0.62	-0.37	-0.01	-0.45	0.35	0.54	0.05	-0.01	0.28
Retained Earnings	-0.12	0.08	0.16	-0.15	0.14		0.01	0.01	-0.88	-0.38	-0.66	0.37	0.08	-0.08	0.04	-0.81	-0.42	0.07	-0.16	-0.61	-0.85	0.27	0.27	-0.67	0.7	-0.38
Cash	0.83	0.11	0.01	0.94	-0.72	0.01		1.0	-0.03	0.26	0.6	0.17	-0.02	0.87	0.1	0.26	0.87	-0.06	0.79	-0.16	0.27	0.0	0.07	0.19	-0.19	-0.14
Cash And Short Term Investments	0.83	0.11	0.01	0.94	-0.72	0.01	1.0		-0.03	0.26	0.6	0.17	-0.02	0.87	0.09	0.26	0.87	-0.06	0.79	-0.17	0.27	0.0	0.07	0.18	-0.18	-0.14
Common Stock Shares Outstanding	0.1	-0.11	-0.3	0.18	-0.22	-0.88	-0.03	-0.03		0.09	0.75	-0.48	-0.24	0.06	-0.11	0.93	0.42	-0.22	0.15	0.49	0.95	-0.32	-0.35	0.38	-0.41	0.33
Short Term Investments	0.43	0.32	0.06	0.37	-0.25	-0.38	0.26	0.26	0.09		0.23	0.04	0.26	0.35	0.36	0.13	0.33	0.33	0.44	0.29	0.18	0.42	0.21	0.78	-0.78	0.46
Other Current Assets	0.61	0.05	-0.17	0.73	-0.58	-0.66	0.6	0.6	0.75	0.23		-0.18	-0.19	0.63	0.05	0.85	0.83	-0.13	0.62	0.12	0.88	-0.16	-0.19	0.44	-0.46	0.12
Other Stockholder Equity	0.45	0.76	0.94	0.14	0.53	0.37	0.17	0.17	-0.48	0.04	-0.18		0.85	0.5	0.81	-0.56	-0.14	0.86	0.41	-0.34	-0.44	0.69	0.89	0.22	-0.16	0.25
Total Liab	0.44	0.85	0.91	0.05	0.61	0.08	-0.02	-0.02	-0.24	0.26	-0.19	0.85		0.38	0.87	-0.36	-0.14	0.92	0.44	0.15	-0.24	0.74	0.95	0.42	-0.37	0.68
Total Current Assets	0.98	0.53	0.4	0.92	-0.39	-0.08	0.87	0.87	0.06	0.35	0.63	0.5	0.38		0.52	0.23	0.76	0.37	0.95	-0.13	0.3	0.35	0.46	0.42	-0.4	0.21
Other Liab	0.53	0.85	0.8	0.2	0.42	0.04	0.1	0.09	-0.11	0.36	0.05	0.81	0.87	0.52		-0.24	-0.05	0.92	0.52	-0.08	-0.11	0.89	0.88	0.44	-0.4	0.65
Net Tangible Assets	0.26	-0.23	-0.45	0.42	-0.53	-0.81	0.26	0.26	0.93	0.13	0.85	-0.56	-0.36	0.23	-0.24		0.67	-0.39	0.3	0.5	0.99	-0.42	-0.45	0.31	-0.34	0.22
Property Plant And Equipment Net	0.76	-0.02	-0.19	0.9	-0.77	-0.42	0.87	0.87	0.42	0.33	0.83	-0.14	-0.14	0.76	-0.05	0.67		-0.22	0.75	0.21	0.68	-0.2	-0.14	0.35	-0.36	0.07
Accounts Payable	0.4	0.89	0.91	0.03	0.62	0.07	-0.06	-0.06	-0.22	0.33	-0.13	0.86	0.92	0.37	0.92	-0.39	-0.22		0.4	-0.1	-0.26	0.82	0.92	0.5	-0.47	0.56
Non Current Assets Total	0.99	0.61	0.36	0.91	-0.37	-0.16	0.79	0.79	0.15	0.44	0.62	0.41	0.44	0.95	0.52	0.3	0.75	0.4		0.08	0.38	0.37	0.51	0.48	-0.48	0.39
Non Currrent Assets Other	0.02	-0.08	-0.15	-0.05	-0.01	-0.61	-0.16	-0.17	0.49	0.29	0.12	-0.34	0.15	-0.13	-0.08	0.5	0.21	-0.1	0.08		0.51	-0.2	-0.08	0.32	-0.33	0.63
Other Assets	0.34	-0.11	-0.32	0.45	-0.45	-0.85	0.27	0.27	0.95	0.18	0.88	-0.44	-0.24	0.3	-0.11	0.99	0.68	-0.26	0.38	0.51		-0.33	-0.33	0.41	-0.45	0.3
Long Term Debt	0.38	0.77	0.62	0.1	0.35	0.27	0.0	0.0	-0.32	0.42	-0.16	0.69	0.74	0.35	0.89	-0.42	-0.2	0.82	0.37	-0.2	-0.33		0.81	0.27	-0.23	0.59
Net Receivables	0.51	0.93	0.9	0.16	0.54	0.27	0.07	0.07	-0.35	0.21	-0.19	0.89	0.95	0.46	0.88	-0.45	-0.14	0.92	0.51	-0.08	-0.33	0.81		0.31	-0.25	0.56
Common Stock Total Equity	0.47	0.47	0.37	0.34	0.05	-0.67	0.19	0.18	0.38	0.78	0.44	0.22	0.42	0.42	0.44	0.31	0.35	0.5	0.48	0.32	0.41	0.27	0.31		-0.98	0.48
Retained Earnings Total Equity	-0.46	-0.43	-0.31	-0.33	-0.01	0.7	-0.19	-0.18	-0.41	-0.78	-0.46	-0.16	-0.37	-0.4	-0.4	-0.34	-0.36	-0.47	-0.48	-0.33	-0.45	-0.23	-0.25	-0.98		-0.45
Non Current Liabilities Total	0.34	0.58	0.37	0.08	0.28	-0.38	-0.14	-0.14	0.33	0.46	0.12	0.25	0.68	0.21	0.65	0.22	0.07	0.56	0.39	0.63	0.3	0.59	0.56	0.48	-0.45

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Sphere 3D Account Relationship Matchups

Sphere 3D fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	11.8M	275.9M	83.0M	45.7M	52.5M	62.8M
Other Current Liab	1.3M	3.7M	3.0M	3.0M	3.4M	4.1M
Total Current Liabilities	5.8M	5.2M	6.2M	5.3M	6.1M	5.8M
Total Stockholder Equity	5.0M	269.6M	34.6M	40.3M	46.4M	37.2M
Net Debt	2.0M	(54.4M)	(1.3M)	(586K)	(527.4K)	(501.0K)
Retained Earnings	(197.4M)	(215.2M)	(419.7M)	(447.4M)	(402.6M)	(382.5M)
Cash	461K	54.4M	1.3M	586K	673.9K	640.2K
Cash And Short Term Investments	461K	54.4M	1.3M	586K	673.9K	640.2K
Common Stock Shares Outstanding	840.7K	4.4M	9.5M	12.1M	13.9M	14.6M
Liabilities And Stockholders Equity	11.8M	275.9M	83.0M	45.7M	52.5M	62.8M
Other Current Assets	807K	22.0M	5.0M	12.9M	14.9M	15.6M
Other Stockholder Equity	11.8M	42.4M	(26.8M)	(12.7M)	(14.6M)	(13.9M)
Total Liab	6.8M	6.3M	48.5M	5.3M	6.1M	5.8M
Total Current Assets	2.1M	78.4M	10.3M	13.5M	15.5M	16.8M
Other Liab	683K	520K	347K	1.1M	981K	1.4M
Net Tangible Assets	(10.3M)	(9.3M)	(10.8M)	164.3M	188.9M	198.3M
Property Plant And Equipment Net	0.0	102.2M	34.3M	24.2M	27.8M	16.1M
Accounts Payable	2.0M	1.3M	3.0M	2.4M	2.1M	3.9M
Non Current Assets Total	9.7M	197.5M	72.7M	32.2M	37.0M	61.3M
Non Currrent Assets Other	3.7M	52K	18.6M	3.4M	3.9M	2.9M
Other Assets	950K	677K	3.7M	114.5M	131.7M	138.3M
Net Receivables	1.1M	369K	264K	2.0M	4.0M	0.0
Non Current Liabilities Total	1.0M	1.1M	42.3M	13.8M	15.9M	14.0M
Inventory	753K	558K	22.0M	(5.3M)	(6.1M)	(5.8M)
Deferred Long Term Liab	683K	485K	56K	7K	6.3K	6.0K
Property Plant And Equipment Gross	291K	102.2M	36.0M	30.1M	34.6M	36.4M
Accumulated Other Comprehensive Income	(1.8M)	(1.8M)	(1.8M)	(1.8M)	(1.6M)	(1.7M)
Short Term Debt	600K	491K	1.8M	3.4M	3.1M	2.9M
Intangible Assets	2.6M	63.0M	9.5M	4.6M	4.1M	3.9M
Common Stock	192.4M	444.3M	456.4M	475.7M	547.1M	574.4M
Current Deferred Revenue	1.1M	657K	210K	160K	144K	136.8K

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Sphere Sale Purchase Of Stock vs Capital Expenditures Analysis

Sale Purchase Of Stock vs Capital Expenditures

Sale Purchase Of Stock vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Sale Purchase Of Stock

Capital Expenditures

Sphere 3D fundamental ratios Correlations

Sphere 3D Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sphere 3D fundamental ratios Accounts

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Additional Tools for Sphere Stock Analysis

COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Other Assets	+ 0.99	Net Tangible Assets
Total Current Assets	+ 0.98	Total Assets
Other Assets	+ 0.95	Common Stock Shares Outstanding
Net Receivables	+ 0.95	Total Liab

Retained Earnings Total Equity	- 0.98	Common Stock Total Equity
Common Stock Shares Outstanding	- 0.88	Retained Earnings
Other Assets	- 0.85	Retained Earnings
Net Tangible Assets	- 0.81	Retained Earnings
Retained Earnings Total Equity	- 0.78	Short Term Investments
Property Plant And Equipment Net	- 0.77	Net Debt