EVgo Current Deferred Revenue vs Cash Analysis

EVGOW Stock  USD 1.10  0.01  0.90%   
EVgo Equity financial indicator trend analysis is much more than just examining EVgo Equity Warrants latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EVgo Equity Warrants is a good investment. Please check the relationship between EVgo Equity Current Deferred Revenue and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EVgo Equity Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Current Deferred Revenue vs Cash

Current Deferred Revenue vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EVgo Equity Warrants Current Deferred Revenue account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between EVgo Equity's Current Deferred Revenue and Cash is 0.74. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash in the same time period over historical financial statements of EVgo Equity Warrants, assuming nothing else is changed. The correlation between historical values of EVgo Equity's Current Deferred Revenue 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 Current Deferred Revenue of EVgo Equity Warrants 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 Current Deferred Revenue i.e., EVgo Equity's Current Deferred Revenue and Cash go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Cash

Cash refers to the most liquid asset of EVgo Equity Warrants, which is listed under current asset account on EVgo Equity Warrants balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from EVgo Equity customers. The amounts must be unrestricted with restricted cash listed in a different EVgo Equity 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 EVgo Equity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EVgo Equity Warrants 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 EVgo Equity Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
At this time, EVgo Equity's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 1.49 in 2024, whereas Selling General Administrative is likely to drop slightly above 87.1 M in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses83.0M143.9M163.1M100.4M
Cost Of Revenue29.0M60.2M151.2M158.8M

EVgo Equity fundamental ratios Correlations

0.980.89-0.690.880.92-0.83-0.660.860.910.940.950.910.820.310.950.980.94-0.670.97-0.60.810.930.390.870.38
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0.970.950.94-0.480.960.93-0.66-0.450.960.770.990.840.770.880.340.970.920.98-0.57-0.380.890.810.430.720.32
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0.930.90.7-0.90.660.78-0.97-0.880.631.00.750.991.00.660.260.830.970.79-0.690.81-0.840.620.320.990.43
0.390.220.12-0.160.530.28-0.27-0.140.430.290.410.320.290.510.990.610.450.250.410.43-0.140.520.320.34-0.58
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EVgo Equity Account Relationship Matchups

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