Xos Historical Balance Sheet
XOS Stock | USD 3.44 0.07 1.99% |
Trend analysis of Xos Inc balance sheet accounts such as Other Current Liabilities of 7.9 M, Total Current Liabilities of 22.3 M, Other Liabilities of 44.4 M or Net Tangible Assets of 135.3 M provides information on Xos' total assets, liabilities, and equity, which is the actual value of Xos Inc to its prevalent stockholders. By breaking down trends over time using Xos balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Xos Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Xos Inc is a good buy for the upcoming year.
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About Xos Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Xos Inc at a specified time, usually calculated after every quarter, six months, or one year. Xos Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xos 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 Xos currently owns. An asset can also be divided into two categories, current and non-current.
Xos Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Xos balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Xos Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Accounts Payable
An accounting item on the balance sheet that represents Xos 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 Xos Inc 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.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most accounts from Xos' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Xos Inc current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xos Inc. 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, Xos' Net Debt is comparatively stable compared to the past year. Cash is likely to gain to about 16.2 M in 2024, despite the fact that Retained Earnings are likely to grow to (145.6 M).
2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 16.0M | 45.8M | 19.6M | 22.3M | Other Current Liabilities | 5.4M | 10.0M | 11.8M | 7.9M |
Xos balance sheet Correlations
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Xos Account Relationship Matchups
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Xos balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 3.5M | 12.5M | 5.4M | 10.0M | 11.8M | 7.9M | |
Total Current Liabilities | 6.0M | 32.9M | 16.0M | 45.8M | 19.6M | 22.3M | |
Net Tangible Assets | (10.5M) | (27.2M) | 174.4M | 112.1M | 128.9M | 135.3M | |
Retained Earnings | (10.8M) | (27.5M) | (4.1M) | (77.4M) | (153.3M) | (145.6M) | |
Accounts Payable | 1.5M | 1.2M | 10.1M | 2.9M | 2.8M | 3.5M | |
Inventory | 1.6M | 1.9M | 30.9M | 57.5M | 37.8M | 23.8M | |
Total Current Assets | 1.8M | 12.7M | 166.0M | 163.2M | 71.7M | 76.4M | |
Common Stock | 4K | 7K | 16K | 17K | 1K | 950.0 |
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Additional Tools for Xos Stock Analysis
When running Xos' price analysis, check to measure Xos' 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 Xos is operating at the current time. Most of Xos' value examination focuses on studying past and present price action to predict the probability of Xos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xos' price. Additionally, you may evaluate how the addition of Xos to your portfolios can decrease your overall portfolio volatility.