Solo Non Current Liabilities Total vs Common Stock Shares Outstanding Analysis

DTC Stock  USD 1.24  0.02  1.59%   
Solo Brands financial indicator trend analysis is much more than just breaking down Solo Brands prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Solo Brands is a good investment. Please check the relationship between Solo Brands Non Current Liabilities Total and its Common Stock Shares Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Solo Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Solo Stock refer to our How to Trade Solo Stock guide.

Non Current Liabilities Total vs Common Stock Shares Outstanding

Non Current Liabilities Total vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Solo Brands Non Current Liabilities Total account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have pay attention.
The correlation between Solo Brands' Non Current Liabilities Total and Common Stock Shares Outstanding is -0.8. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Solo Brands, assuming nothing else is changed. The correlation between historical values of Solo Brands' Non Current Liabilities Total and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Solo Brands are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Non Current Liabilities Total i.e., Solo Brands' Non Current Liabilities Total and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.8
Relationship DirectionNegative 
Relationship StrengthSignificant

Non Current Liabilities Total

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Solo Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Solo Brands 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 Solo Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Solo Stock refer to our How to Trade Solo Stock guide.At present, Solo Brands' Enterprise Value Multiple is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 1.9 B, whereas Tax Provision is forecasted to decline to about 997.5 K.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization18.2M24.6M27.3M16.9M
Interest Income10.1M6.3M7.2M5.5M

Solo Brands fundamental ratios Correlations

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0.910.510.730.820.94-0.920.820.480.99-0.650.920.780.870.620.970.990.780.90.76-0.830.970.940.930.760.95
0.570.510.950.690.26-0.540.320.980.42-0.30.340.840.610.210.360.540.840.350.58-0.30.540.40.310.180.64
0.780.730.950.850.53-0.750.560.940.66-0.470.610.940.80.450.620.760.940.610.75-0.570.760.660.580.410.84
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0.90.940.260.530.79-0.910.690.270.95-0.450.860.670.860.690.990.950.670.810.78-0.780.950.980.980.890.9
-0.99-0.92-0.54-0.75-0.96-0.91-0.68-0.57-0.890.43-0.85-0.89-0.98-0.63-0.93-0.97-0.89-0.8-0.950.72-0.98-0.98-0.93-0.9-0.98
0.630.820.320.560.540.69-0.680.260.84-0.940.950.520.580.510.730.770.520.980.45-0.880.70.70.720.460.71
0.610.480.980.940.750.27-0.570.260.38-0.20.320.870.660.290.360.530.870.310.66-0.30.550.430.340.240.66
0.860.990.420.660.760.95-0.890.840.38-0.670.930.710.820.620.970.970.710.910.7-0.840.940.930.930.740.91
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1.00.870.610.80.990.86-0.980.580.660.82-0.330.770.940.650.880.930.940.720.98-0.680.960.950.890.870.97
0.690.620.210.450.610.69-0.630.510.290.62-0.290.620.490.650.730.630.490.610.59-0.860.640.730.810.540.69
0.920.970.360.620.820.99-0.930.730.360.97-0.50.880.720.880.730.970.720.840.79-0.830.970.980.990.850.93
0.960.990.540.760.90.95-0.970.770.530.97-0.560.90.850.930.630.970.850.870.85-0.790.990.970.940.830.98
0.910.780.840.940.970.67-0.890.520.870.71-0.340.661.00.940.490.720.850.630.92-0.550.870.80.710.670.92
0.770.90.350.610.670.81-0.80.980.310.91-0.860.990.630.720.610.840.870.630.61-0.910.820.830.840.620.82
0.960.760.580.750.980.78-0.950.450.660.7-0.170.670.920.980.590.790.850.920.61-0.560.890.890.820.880.91
-0.73-0.83-0.3-0.57-0.63-0.780.72-0.88-0.3-0.840.74-0.9-0.55-0.68-0.86-0.83-0.79-0.55-0.91-0.56-0.76-0.8-0.86-0.53-0.78
0.980.970.540.760.920.95-0.980.70.550.94-0.480.860.870.960.640.970.990.870.820.89-0.760.980.940.860.98
0.970.940.40.660.90.98-0.980.70.430.93-0.440.870.80.950.730.980.970.80.830.89-0.80.980.990.910.96
0.930.930.310.580.830.98-0.930.720.340.93-0.460.880.710.890.810.990.940.710.840.82-0.860.940.990.870.92
0.880.760.180.410.810.89-0.90.460.240.74-0.160.70.670.870.540.850.830.670.620.88-0.530.860.910.870.81
0.990.950.640.840.960.9-0.980.710.660.91-0.490.850.920.970.690.930.980.920.820.91-0.780.980.960.920.81
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Solo Brands Account Relationship Matchups

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Solo Brands offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Solo Brands' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Solo Brands Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Solo Brands Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Solo Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Solo Stock refer to our How to Trade Solo Stock guide.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Leisure Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Solo Brands. If investors know Solo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Solo Brands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.98)
Earnings Share
(3.35)
Revenue Per Share
8.184
Quarterly Revenue Growth
(0.15)
Return On Assets
(0.03)
The market value of Solo Brands is measured differently than its book value, which is the value of Solo that is recorded on the company's balance sheet. Investors also form their own opinion of Solo Brands' value that differs from its market value or its book value, called intrinsic value, which is Solo Brands' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Solo Brands' market value can be influenced by many factors that don't directly affect Solo Brands' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Solo Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Solo Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solo Brands' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.