Xos Non Current Liabilities Total vs Other Current Assets Analysis

XOS Stock  USD 3.32  0.20  6.41%   
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 Non Current Liabilities Total and its Other Current Assets 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.

Non Current Liabilities Total vs Other Current Assets

JavaScript chart by amCharts 3.21.152014201620182020202220248M10M12M14M16M18M20M22M24M26M28M30M32M34M36M 100K1M10M100M
JavaScript chart by amCharts 3.21.15Non Current Liabilities Totaltotal: 183.6MOther Current Assetstotal: 47.6M

Non Current Liabilities Total vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xos Inc Non Current Liabilities Total account and Other Current Assets. At this time, the significance of the direction appears to have almost identical trend.
Non Current Liabilities TotalOther Current AssetsDiversified AwayNon Current Liabilities TotalOther Current AssetsDiversified Away100%
The correlation between Xos' Non Current Liabilities Total and Other Current Assets is 0.95. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Xos Inc, assuming nothing else is changed. The correlation between historical values of Xos' Non Current Liabilities Total and Other Current Assets 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 Xos Inc are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Non Current Liabilities Total i.e., Xos' Non Current Liabilities Total and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Liabilities Total

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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 Expenses50.8M81.3M63.7M46.8M
Cost Of Revenue7.4M66.4M45.8M27.0M

Xos fundamental ratios Correlations

0.90.920.59-0.730.40.710.610.450.710.590.760.470.720.270.760.480.430.440.690.840.650.50.690.850.69
0.90.860.57-0.60.390.80.730.680.680.690.850.570.780.180.930.50.730.610.570.830.670.570.680.930.9
0.920.860.81-0.770.630.80.780.510.880.790.680.70.760.150.830.720.40.60.80.90.840.730.830.920.57
0.590.570.81-0.680.830.870.910.540.970.940.490.930.79-0.070.760.930.40.750.790.860.980.930.960.830.26
-0.73-0.6-0.77-0.68-0.22-0.69-0.470.0-0.83-0.48-0.75-0.39-0.79-0.66-0.59-0.38-0.32-0.14-0.98-0.83-0.62-0.38-0.72-0.67-0.36
0.40.390.630.83-0.220.60.830.690.70.880.070.920.41-0.580.550.970.160.860.370.540.850.950.730.640.08
0.710.80.80.87-0.690.60.920.680.90.90.810.830.970.10.930.750.770.770.740.960.920.80.960.930.65
0.610.730.780.91-0.470.830.920.830.860.990.570.970.8-0.250.90.920.660.940.580.840.970.960.920.920.54
0.450.680.510.540.00.690.680.830.450.80.390.780.51-0.540.770.710.680.940.080.520.680.770.590.730.64
0.710.680.880.97-0.830.70.90.860.450.880.650.830.870.160.810.820.460.640.910.930.940.830.960.880.38
0.590.690.790.94-0.480.880.90.990.80.880.520.990.77-0.270.870.950.580.930.60.820.980.980.920.90.46
0.760.850.680.49-0.750.070.810.570.390.650.520.380.90.550.830.270.820.350.70.850.560.340.670.80.85
0.470.570.70.93-0.390.920.830.970.780.830.990.380.69-0.380.780.980.50.930.530.740.960.990.880.810.33
0.720.780.760.79-0.790.410.970.80.510.870.770.90.690.330.890.60.770.590.810.960.830.650.910.880.67
0.270.180.15-0.07-0.66-0.580.1-0.25-0.540.16-0.270.55-0.380.330.07-0.430.14-0.540.540.26-0.14-0.410.030.060.22
0.760.930.830.76-0.590.550.930.90.770.810.870.830.780.890.070.690.830.780.630.890.840.760.840.980.82
0.480.50.720.93-0.380.970.750.920.710.820.950.270.980.6-0.430.690.320.890.520.690.940.990.860.760.21
0.430.730.40.4-0.320.160.770.660.680.460.580.820.50.770.140.830.320.590.330.640.520.430.560.70.86
0.440.610.60.75-0.140.860.770.940.940.640.930.350.930.59-0.540.780.890.590.270.630.850.930.750.780.48
0.690.570.80.79-0.980.370.740.580.080.910.60.70.530.810.540.630.520.330.270.860.720.520.80.710.3
0.840.830.90.86-0.830.540.960.840.520.930.820.850.740.960.260.890.690.640.630.860.890.720.950.940.63
0.650.670.840.98-0.620.850.920.970.680.940.980.560.960.83-0.140.840.940.520.850.720.890.950.980.90.41
0.50.570.730.93-0.380.950.80.960.770.830.980.340.990.65-0.410.760.990.430.930.520.720.950.870.810.31
0.690.680.830.96-0.720.730.960.920.590.960.920.670.880.910.030.840.860.560.750.80.950.980.870.890.44
0.850.930.920.83-0.670.640.930.920.730.880.90.80.810.880.060.980.760.70.780.710.940.90.810.890.74
0.690.90.570.26-0.360.080.650.540.640.380.460.850.330.670.220.820.210.860.480.30.630.410.310.440.74
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Xos Account Relationship Matchups

Xos fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab3.5M12.5M5.4M10.0M11.8M7.9M
Total Current Liabilities6.0M32.9M16.0M45.8M19.6M22.3M
Net Tangible Assets(10.5M)(27.2M)174.4M112.1M128.9M135.3M
Retained Earnings(10.8M)(27.5M)(4.1M)(77.4M)(153.3M)(145.6M)
Accounts Payable1.5M1.2M10.1M2.9M2.8M3.5M
Inventory1.6M1.9M30.9M57.5M37.8M23.8M
Total Current Assets1.8M12.7M166.0M163.2M71.7M76.4M
Common Stock4K7K16K17K1K950.0

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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.