Exro Gross Profit vs Interest Expense Analysis

EXRO Stock   0.14  0.02  12.50%   
Exro Technologies financial indicator trend analysis is much more than just examining Exro Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Exro Technologies is a good investment. Please check the relationship between Exro Technologies Gross Profit and its Interest Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Exro Technologies. 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.

Gross Profit vs Interest Expense

Gross Profit vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Exro Technologies Gross Profit account and Interest Expense. At this time, the significance of the direction appears to have pay attention.
The correlation between Exro Technologies' Gross Profit and Interest Expense is -0.75. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Exro Technologies, assuming nothing else is changed. The correlation between historical values of Exro Technologies' Gross Profit and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Exro Technologies are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Gross Profit i.e., Exro Technologies' Gross Profit and Interest Expense go up and down completely randomly.

Correlation Coefficient

-0.75
Relationship DirectionNegative 
Relationship StrengthWeak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Exro Technologies minus its cost of goods sold. It is profit before Exro Technologies operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Exro Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Exro Technologies 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 Exro Technologies. 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.
At this time, Exro Technologies' Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 7.09, while Enterprise Value Over EBITDA is likely to drop (5.39).
 2021 2022 2023 2024 (projected)
Cost Of Revenue700.9K1.9M26.9M28.3M
Research Development7.4M8.8M12.8M13.5M

Exro Technologies fundamental ratios Correlations

0.850.850.880.9-0.11-0.890.850.660.660.90.740.930.870.780.740.960.710.850.740.210.740.980.890.89-0.17
0.850.680.980.560.4-0.960.970.210.210.790.70.981.00.380.930.920.871.00.910.010.330.750.980.970.1
0.850.680.710.8-0.04-0.730.710.470.470.820.920.80.690.580.60.790.550.680.560.170.540.840.780.83-0.59
0.880.980.710.60.34-0.980.990.270.270.790.730.970.990.430.950.950.90.980.94-0.090.40.810.980.960.05
0.90.560.80.6-0.48-0.640.560.860.860.870.610.70.580.930.430.760.380.570.410.40.90.930.620.65-0.34
-0.110.4-0.040.34-0.48-0.30.39-0.81-0.81-0.040.230.250.37-0.690.470.110.440.390.45-0.41-0.72-0.260.360.330.21
-0.89-0.96-0.73-0.98-0.64-0.3-0.99-0.3-0.3-0.84-0.76-0.98-0.97-0.47-0.89-0.98-0.91-0.96-0.940.02-0.44-0.83-0.98-0.96-0.01
0.850.970.710.990.560.39-0.990.210.210.770.750.970.980.380.940.950.940.970.96-0.140.350.780.990.960.03
0.660.210.470.270.86-0.81-0.30.211.00.520.20.350.240.970.090.480.10.220.110.430.970.760.240.26-0.16
0.660.210.470.270.86-0.81-0.30.211.00.520.20.350.240.970.090.480.10.220.110.430.970.760.240.26-0.16
0.90.790.820.790.87-0.04-0.840.770.520.520.750.870.790.680.640.860.60.790.640.320.630.860.820.85-0.25
0.740.70.920.730.610.23-0.760.750.20.20.750.80.710.330.660.760.590.70.620.070.290.710.810.86-0.62
0.930.980.80.970.70.25-0.980.970.350.350.870.80.980.510.880.970.840.980.880.090.460.860.990.99-0.07
0.871.00.690.990.580.37-0.970.980.240.240.790.710.980.40.930.940.881.00.92-0.010.360.780.990.970.08
0.780.380.580.430.93-0.69-0.470.380.970.970.680.330.510.40.250.620.270.380.290.370.990.860.410.42-0.14
0.740.930.60.950.430.47-0.890.940.090.090.640.660.880.930.250.830.830.920.86-0.230.210.650.910.890.08
0.960.920.790.950.760.11-0.980.950.480.480.860.760.970.940.620.830.860.920.890.050.60.920.950.94-0.06
0.710.870.550.90.380.44-0.910.940.10.10.60.590.840.880.270.830.860.860.99-0.370.270.660.880.820.21
0.851.00.680.980.570.39-0.960.970.220.220.790.70.981.00.380.920.920.860.90.020.330.760.980.970.1
0.740.910.560.940.410.45-0.940.960.110.110.640.620.880.920.290.860.890.990.9-0.30.280.680.910.860.2
0.210.010.17-0.090.4-0.410.02-0.140.430.430.320.070.09-0.010.37-0.230.05-0.370.02-0.30.30.18-0.010.07-0.23
0.740.330.540.40.9-0.72-0.440.350.970.970.630.290.460.360.990.210.60.270.330.280.30.830.370.37-0.12
0.980.750.840.810.93-0.26-0.830.780.760.760.860.710.860.780.860.650.920.660.760.680.180.830.810.81-0.22
0.890.980.780.980.620.36-0.980.990.240.240.820.810.990.990.410.910.950.880.980.91-0.010.370.810.99-0.06
0.890.970.830.960.650.33-0.960.960.260.260.850.860.990.970.420.890.940.820.970.860.070.370.810.99-0.16
-0.170.1-0.590.05-0.340.21-0.010.03-0.16-0.16-0.25-0.62-0.070.08-0.140.08-0.060.210.10.2-0.23-0.12-0.22-0.06-0.16
Click cells to compare fundamentals

Exro Technologies Account Relationship Matchups

Exro Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets888.1K50.2M46.0M60.9M60.1M63.2M
Other Current Liab126.7K1.0M3.0M1.6M1.8M1.9M
Total Current Liabilities311.0K1.9M3.7M8.0M10.2M10.7M
Total Stockholder Equity574.0K48.0M37.8M35.4M32.6M17.2M
Net Debt(457.2K)(47.9M)(10.2M)1.4M12.7M13.3M
Retained Earnings(25.3M)(36.2M)(60.8M)(100.8M)(151.5M)(143.9M)
Accounts Payable148.0K752.7K3.0M5.5M8.6M9.1M
Cash496.6K48.3M15.3M17.4M6.2M10.0M
Cash And Short Term Investments496.6K48.3M15.3M17.4M6.2M10.0M
Common Stock Shares Outstanding62.5M90.3M120.1M137.7M161.7M81.9M
Liabilities And Stockholders Equity888.1K50.2M46.0M60.9M60.1M63.2M
Other Current Assets134.9K840.02.2M887.9K1.3M1.4M
Other Stockholder Equity1.8M6.2M15.8M27.3M28.8M30.2M
Total Liab314.1K2.2M8.2M25.5M27.6M29.0M
Total Current Assets676.2K48.8M17.8M21.5M18.5M12.2M
Accumulated Other Comprehensive Income1.8M6.2M(30.1K)(559.1K)912.1K1.1M
Short Term Debt36.3K112.2K620.9K1.3M1.6M1.6M
Common Stock24.0M78.0M82.8M109.5M154.4M162.1M
Net Receivables44.6K159.3K135.1K965.1K4.2M4.4M
Non Current Liabilities Total3.2K275.9K4.6M17.5M17.4M18.3M
Cash And Equivalents751.9K51.8K48.3M15.3M17.7M12.1M
Net Tangible Assets826.6K510.9K48.0M37.8M43.4M45.6M
Property Plant And Equipment Net130.6K1.3M15.5M26.2M32.1M33.7M
Non Current Assets Total211.9K1.4M28.2M39.4M41.7M43.7M
Non Currrent Assets Other17.3K7.5K(28.2M)2.4M2.2M2.3M
Other Assets17.3K7.5K0.0(2K)(1.8K)(1.7K)
Net Invested Capital574.0K48.0M37.8M47.0M54.0M56.7M
Net Working Capital365.2K46.9M14.2M13.5M15.5M14.2M
Property Plant Equipment105.5K130.6K1.3M15.5M17.8M18.7M
Long Term Investments942.00.012.7M10.8M12.4M13.0M
Capital Stock24.0M78.0M82.8M109.5M126.0M69.3M

Pair Trading with Exro Technologies

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 Exro Technologies 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 Exro Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving against Exro Stock

  0.71CTF-UN Citadel IncomePairCorr
The ability to find closely correlated positions to Exro Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exro Technologies 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 Exro Technologies - 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 Exro Technologies to buy it.
The correlation of Exro Technologies 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 Exro Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exro Technologies 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 Exro Technologies 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 CorrelationCorrelation Matching

Other Information on Investing in Exro Stock

Balance Sheet is a snapshot of the financial position of Exro Technologies at a specified time, usually calculated after every quarter, six months, or one year. Exro Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Exro Technologies and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Exro currently owns. An asset can also be divided into two categories, current and non-current.