Xos Accounts Payable vs Total Current Liabilities Analysis

XOS Stock

USD 3.44 0.07 1.99%

Xos financial indicator trend analysis is more than just analyzing Xos Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xos Inc is a good investment. Please check the relationship between Xos Accounts Payable and its Total Current Liabilities accounts. 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.

Accounts Payable vs Total Current Liabilities

Accounts Payable vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xos Inc Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.

The correlation between Xos' Accounts Payable and Total Current Liabilities is 0.39. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Xos Inc, assuming nothing else is changed. The correlation between historical values of Xos' Accounts Payable and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Xos Inc are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Accounts Payable i.e., Xos' Accounts Payable and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.39

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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 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.

Most indicators from Xos' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.

Selling General Administrative is likely to drop to about 25 M in 2024. Tax Provision is likely to drop to 6,050 in 2024

	2021	2022	2023	2024 (projected)
Total Operating Expenses	50.8M	81.3M	63.7M	46.8M
Cost Of Revenue	7.4M	66.4M	45.8M	27.0M

Total Operating Expenses Cost Of Revenue

Xos fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Inventory	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Short Term Debt
Other Current Liab		0.9	0.92	0.59	-0.73	0.4	0.71	0.61	0.45	0.71	0.59	0.76	0.47	0.72	0.27	0.76	0.48	0.43	0.44	0.69	0.84	0.65	0.5	0.69	0.85	0.69
Total Current Liabilities	0.9		0.86	0.57	-0.6	0.39	0.8	0.73	0.68	0.68	0.69	0.85	0.57	0.78	0.18	0.93	0.5	0.73	0.61	0.57	0.83	0.67	0.57	0.68	0.93	0.9
Other Liab	0.92	0.86		0.81	-0.77	0.63	0.8	0.78	0.51	0.88	0.79	0.68	0.7	0.76	0.15	0.83	0.72	0.4	0.6	0.8	0.9	0.84	0.73	0.83	0.92	0.57
Net Tangible Assets	0.59	0.57	0.81		-0.68	0.83	0.87	0.91	0.54	0.97	0.94	0.49	0.93	0.79	-0.07	0.76	0.93	0.4	0.75	0.79	0.86	0.98	0.93	0.96	0.83	0.26
Retained Earnings	-0.73	-0.6	-0.77	-0.68		-0.22	-0.69	-0.47	0.0	-0.83	-0.48	-0.75	-0.39	-0.79	-0.66	-0.59	-0.38	-0.32	-0.14	-0.98	-0.83	-0.62	-0.38	-0.72	-0.67	-0.36
Accounts Payable	0.4	0.39	0.63	0.83	-0.22		0.6	0.83	0.69	0.7	0.88	0.07	0.92	0.41	-0.58	0.55	0.97	0.16	0.86	0.37	0.54	0.85	0.95	0.73	0.64	0.08
Inventory	0.71	0.8	0.8	0.87	-0.69	0.6		0.92	0.68	0.9	0.9	0.81	0.83	0.97	0.1	0.93	0.75	0.77	0.77	0.74	0.96	0.92	0.8	0.96	0.93	0.65
Total Current Assets	0.61	0.73	0.78	0.91	-0.47	0.83	0.92		0.83	0.86	0.99	0.57	0.97	0.8	-0.25	0.9	0.92	0.66	0.94	0.58	0.84	0.97	0.96	0.92	0.92	0.54
Common Stock	0.45	0.68	0.51	0.54	0.0	0.69	0.68	0.83		0.45	0.8	0.39	0.78	0.51	-0.54	0.77	0.71	0.68	0.94	0.08	0.52	0.68	0.77	0.59	0.73	0.64
Property Plant Equipment	0.71	0.68	0.88	0.97	-0.83	0.7	0.9	0.86	0.45		0.88	0.65	0.83	0.87	0.16	0.81	0.82	0.46	0.64	0.91	0.93	0.94	0.83	0.96	0.88	0.38
Total Assets	0.59	0.69	0.79	0.94	-0.48	0.88	0.9	0.99	0.8	0.88		0.52	0.99	0.77	-0.27	0.87	0.95	0.58	0.93	0.6	0.82	0.98	0.98	0.92	0.9	0.46
Short Long Term Debt Total	0.76	0.85	0.68	0.49	-0.75	0.07	0.81	0.57	0.39	0.65	0.52		0.38	0.9	0.55	0.83	0.27	0.82	0.35	0.7	0.85	0.56	0.34	0.67	0.8	0.85
Total Stockholder Equity	0.47	0.57	0.7	0.93	-0.39	0.92	0.83	0.97	0.78	0.83	0.99	0.38		0.69	-0.38	0.78	0.98	0.5	0.93	0.53	0.74	0.96	0.99	0.88	0.81	0.33
Property Plant And Equipment Net	0.72	0.78	0.76	0.79	-0.79	0.41	0.97	0.8	0.51	0.87	0.77	0.9	0.69		0.33	0.89	0.6	0.77	0.59	0.81	0.96	0.83	0.65	0.91	0.88	0.67
Net Debt	0.27	0.18	0.15	-0.07	-0.66	-0.58	0.1	-0.25	-0.54	0.16	-0.27	0.55	-0.38	0.33		0.07	-0.43	0.14	-0.54	0.54	0.26	-0.14	-0.41	0.03	0.06	0.22
Cash	0.76	0.93	0.83	0.76	-0.59	0.55	0.93	0.9	0.77	0.81	0.87	0.83	0.78	0.89	0.07		0.69	0.83	0.78	0.63	0.89	0.84	0.76	0.84	0.98	0.82
Non Current Assets Total	0.48	0.5	0.72	0.93	-0.38	0.97	0.75	0.92	0.71	0.82	0.95	0.27	0.98	0.6	-0.43	0.69		0.32	0.89	0.52	0.69	0.94	0.99	0.86	0.76	0.21
Non Currrent Assets Other	0.43	0.73	0.4	0.4	-0.32	0.16	0.77	0.66	0.68	0.46	0.58	0.82	0.5	0.77	0.14	0.83	0.32		0.59	0.33	0.64	0.52	0.43	0.56	0.7	0.86
Cash And Short Term Investments	0.44	0.61	0.6	0.75	-0.14	0.86	0.77	0.94	0.94	0.64	0.93	0.35	0.93	0.59	-0.54	0.78	0.89	0.59		0.27	0.63	0.85	0.93	0.75	0.78	0.48
Net Receivables	0.69	0.57	0.8	0.79	-0.98	0.37	0.74	0.58	0.08	0.91	0.6	0.7	0.53	0.81	0.54	0.63	0.52	0.33	0.27		0.86	0.72	0.52	0.8	0.71	0.3
Common Stock Shares Outstanding	0.84	0.83	0.9	0.86	-0.83	0.54	0.96	0.84	0.52	0.93	0.82	0.85	0.74	0.96	0.26	0.89	0.69	0.64	0.63	0.86		0.89	0.72	0.95	0.94	0.63
Non Current Liabilities Total	0.65	0.67	0.84	0.98	-0.62	0.85	0.92	0.97	0.68	0.94	0.98	0.56	0.96	0.83	-0.14	0.84	0.94	0.52	0.85	0.72	0.89		0.95	0.98	0.9	0.41
Other Current Assets	0.5	0.57	0.73	0.93	-0.38	0.95	0.8	0.96	0.77	0.83	0.98	0.34	0.99	0.65	-0.41	0.76	0.99	0.43	0.93	0.52	0.72	0.95		0.87	0.81	0.31
Other Stockholder Equity	0.69	0.68	0.83	0.96	-0.72	0.73	0.96	0.92	0.59	0.96	0.92	0.67	0.88	0.91	0.03	0.84	0.86	0.56	0.75	0.8	0.95	0.98	0.87		0.89	0.44
Total Liab	0.85	0.93	0.92	0.83	-0.67	0.64	0.93	0.92	0.73	0.88	0.9	0.8	0.81	0.88	0.06	0.98	0.76	0.7	0.78	0.71	0.94	0.9	0.81	0.89		0.74
Short Term Debt	0.69	0.9	0.57	0.26	-0.36	0.08	0.65	0.54	0.64	0.38	0.46	0.85	0.33	0.67	0.22	0.82	0.21	0.86	0.48	0.3	0.63	0.41	0.31	0.44	0.74

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Xos Account Relationship Matchups

Xos fundamental ratios 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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