EZGO Long Term Debt vs Total Current Assets Analysis

EZGO Stock

USD 0.95 0.07 7.95%

EZGO Technologies financial indicator trend analysis is much more than just examining EZGO Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EZGO Technologies is a good investment. Please check the relationship between EZGO Technologies Long Term Debt and its Total Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EZGO 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 price.

To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.

Long Term Debt vs Total Current Assets

Long Term Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EZGO Technologies Long Term Debt account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between EZGO Technologies' Long Term Debt and Total Current Assets is 0.85. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of EZGO Technologies, assuming nothing else is changed. The correlation between historical values of EZGO Technologies' Long Term Debt and Total 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 Long Term Debt of EZGO Technologies are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Long Term Debt i.e., EZGO Technologies' Long Term Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Long Term Debt

Long-term debt is a debt that EZGO Technologies has held for over one year. Long-term debt appears on EZGO Technologies balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on EZGO Technologies balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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 indicators from EZGO Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EZGO 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 EZGO 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 price.

To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.As of the 22nd of November 2024, Issuance Of Capital Stock is likely to grow to about 38.5 M, though Tax Provision is likely to grow to (53.4 K).

	2021	2023	2024 (projected)
Interest Expense	40.1K	36.0K	31.7K
Depreciation And Amortization	824.7K	1.4M	747.2K

Interest Expense Depreciation And Amortization

EZGO Technologies fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.81	0.79	1.0	0.93	0.57	0.96	-0.96	-0.96	0.71	0.98	1.0	0.83	-0.6	0.99	-0.05	-0.76	-0.76	0.94	0.95	0.77	1.0	0.87	1.0	0.65	1.0
Other Current Liab	0.81		0.76	0.81	0.83	0.52	0.82	-0.74	-0.76	0.48	0.81	0.76	0.47	-0.86	0.82	-0.11	-0.43	-0.72	0.76	0.74	0.75	0.8	0.83	0.82	0.6	0.84
Total Current Liabilities	0.79	0.76		0.78	0.88	0.58	0.86	-0.7	-0.84	0.8	0.7	0.78	0.52	-0.5	0.71	0.39	-0.4	-0.75	0.9	0.6	0.89	0.79	0.93	0.78	0.69	0.8
Total Stockholder Equity	1.0	0.81	0.78		0.92	0.57	0.95	-0.97	-0.95	0.7	0.99	1.0	0.83	-0.6	0.99	-0.07	-0.76	-0.76	0.93	0.95	0.77	1.0	0.87	1.0	0.65	1.0
Net Tangible Assets	0.93	0.83	0.88	0.92		0.79	0.89	-0.87	-0.86	0.68	0.87	0.91	0.57	-0.72	0.9	0.15	-0.61	-0.89	0.89	0.77	0.94	0.91	0.85	0.92	0.86	0.94
Property Plant And Equipment Net	0.57	0.52	0.58	0.57	0.79		0.43	-0.57	-0.43	0.45	0.49	0.56	0.12	-0.59	0.55	0.09	-0.28	-0.79	0.46	0.35	0.87	0.53	0.51	0.56	0.99	0.58
Current Deferred Revenue	0.96	0.82	0.86	0.95	0.89	0.43		-0.88	-0.97	0.73	0.93	0.94	0.8	-0.58	0.93	0.13	-0.71	-0.74	0.99	0.89	0.74	0.96	0.89	0.96	0.53	0.96
Net Debt	-0.96	-0.74	-0.7	-0.97	-0.87	-0.57	-0.88		0.94	-0.71	-0.97	-0.97	-0.84	0.5	-0.97	0.22	0.66	0.71	-0.86	-0.94	-0.73	-0.97	-0.84	-0.97	-0.64	-0.95
Retained Earnings	-0.96	-0.76	-0.84	-0.95	-0.86	-0.43	-0.97	0.94		-0.78	-0.94	-0.96	-0.87	0.45	-0.93	-0.02	0.64	0.68	-0.96	-0.91	-0.72	-0.97	-0.92	-0.95	-0.53	-0.95
Accounts Payable	0.71	0.48	0.8	0.7	0.68	0.45	0.73	-0.71	-0.78		0.62	0.73	0.62	-0.21	0.64	0.27	-0.34	-0.71	0.8	0.58	0.74	0.71	0.85	0.68	0.54	0.69
Cash	0.98	0.81	0.7	0.99	0.87	0.49	0.93	-0.97	-0.94	0.62		0.98	0.86	-0.58	1.0	-0.2	-0.78	-0.67	0.89	0.98	0.67	0.99	0.83	0.99	0.56	0.98
Non Current Assets Total	1.0	0.76	0.78	1.0	0.91	0.56	0.94	-0.97	-0.96	0.73	0.98		0.86	-0.52	0.98	-0.06	-0.76	-0.73	0.93	0.95	0.76	1.0	0.86	0.99	0.64	0.99
Non Currrent Assets Other	0.83	0.47	0.52	0.83	0.57	0.12	0.8	-0.84	-0.87	0.62	0.86	0.86		-0.13	0.83	-0.21	-0.76	-0.35	0.77	0.91	0.35	0.85	0.68	0.83	0.19	0.8
Other Assets	-0.6	-0.86	-0.5	-0.6	-0.72	-0.59	-0.58	0.5	0.45	-0.21	-0.58	-0.52	-0.13		-0.63	0.03	0.35	0.77	-0.53	-0.5	-0.66	-0.56	-0.49	-0.61	-0.61	-0.64
Cash And Short Term Investments	0.99	0.82	0.71	0.99	0.9	0.55	0.93	-0.97	-0.93	0.64	1.0	0.98	0.83	-0.63		-0.18	-0.77	-0.73	0.89	0.97	0.72	0.99	0.83	0.99	0.62	0.99
Net Receivables	-0.05	-0.11	0.39	-0.07	0.15	0.09	0.13	0.22	-0.02	0.27	-0.2	-0.06	-0.21	0.03	-0.18		0.02	-0.26	0.25	-0.29	0.26	-0.05	0.07	-0.08	0.14	-0.04
Common Stock Total Equity	-0.76	-0.43	-0.4	-0.76	-0.61	-0.28	-0.71	0.66	0.64	-0.34	-0.78	-0.76	-0.76	0.35	-0.77	0.02		0.43	-0.68	-0.79	-0.34	-0.76	-0.42	-0.76	-0.3	-0.76
Common Stock Shares Outstanding	-0.76	-0.72	-0.75	-0.76	-0.89	-0.79	-0.74	0.71	0.68	-0.71	-0.67	-0.73	-0.35	0.77	-0.73	-0.26	0.43		-0.77	-0.58	-0.92	-0.74	-0.71	-0.75	-0.83	-0.78
Non Current Liabilities Total	0.94	0.76	0.9	0.93	0.89	0.46	0.99	-0.86	-0.96	0.8	0.89	0.93	0.77	-0.53	0.89	0.25	-0.68	-0.77		0.84	0.78	0.94	0.9	0.93	0.56	0.94
Inventory	0.95	0.74	0.6	0.95	0.77	0.35	0.89	-0.94	-0.91	0.58	0.98	0.95	0.91	-0.5	0.97	-0.29	-0.79	-0.58	0.84		0.55	0.96	0.76	0.96	0.42	0.94
Other Current Assets	0.77	0.75	0.89	0.77	0.94	0.87	0.74	-0.73	-0.72	0.74	0.67	0.76	0.35	-0.66	0.72	0.26	-0.34	-0.92	0.78	0.55		0.75	0.83	0.76	0.93	0.78
Other Stockholder Equity	1.0	0.8	0.79	1.0	0.91	0.53	0.96	-0.97	-0.97	0.71	0.99	1.0	0.85	-0.56	0.99	-0.05	-0.76	-0.74	0.94	0.96	0.75		0.87	1.0	0.61	0.99
Total Liab	0.87	0.83	0.93	0.87	0.85	0.51	0.89	-0.84	-0.92	0.85	0.83	0.86	0.68	-0.49	0.83	0.07	-0.42	-0.71	0.9	0.76	0.83	0.87		0.86	0.62	0.87
Net Invested Capital	1.0	0.82	0.78	1.0	0.92	0.56	0.96	-0.97	-0.95	0.68	0.99	0.99	0.83	-0.61	0.99	-0.08	-0.76	-0.75	0.93	0.96	0.76	1.0	0.86		0.63	1.0
Property Plant And Equipment Gross	0.65	0.6	0.69	0.65	0.86	0.99	0.53	-0.64	-0.53	0.54	0.56	0.64	0.19	-0.61	0.62	0.14	-0.3	-0.83	0.56	0.42	0.93	0.61	0.62	0.63		0.65
Total Current Assets	1.0	0.84	0.8	1.0	0.94	0.58	0.96	-0.95	-0.95	0.69	0.98	0.99	0.8	-0.64	0.99	-0.04	-0.76	-0.78	0.94	0.94	0.78	0.99	0.87	1.0	0.65

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EZGO Technologies Account Relationship Matchups

EZGO Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.8M	42.0M	47.5M	81.9M	94.2M	98.9M
Other Current Liab	1.5M	1.5M	2.1M	2.6M	3.0M	1.9M
Total Current Liabilities	6.7M	9.5M	14.0M	11.0M	12.7M	10.1M
Total Stockholder Equity	8.9M	28.5M	30.6M	63.4M	72.9M	76.5M
Property Plant And Equipment Net	3.1M	8.7M	4.1M	3.9M	4.5M	4.4M
Current Deferred Revenue	155.4K	94.9K	900.4K	1.0M	1.2M	1.3M
Net Debt	(3.0K)	(4.5M)	(1.6M)	(11.2M)	(10.0M)	(9.5M)
Retained Earnings	1.6M	(1.4M)	(7.9M)	(14.8M)	(13.3M)	(12.6M)
Accounts Payable	639.4K	651.7K	866.0K	898.7K	1.0M	687.5K
Cash	322.6K	4.8M	4.4M	17.3M	19.8M	20.8M
Non Current Assets Total	3.5M	14.3M	14.4M	29.0M	33.4M	35.0M
Non Currrent Assets Other	294.6K	356.8K	1.4M	5.5M	6.3M	6.6M
Cash And Short Term Investments	2.5M	7.2M	5.1M	17.9M	20.6M	21.7M
Net Receivables	8.1M	6.9M	17.0M	3.8M	4.4M	8.4M
Common Stock Shares Outstanding	195K	268.4K	341.6K	1.1M	1.0M	980.7K
Liabilities And Stockholders Equity	19.8M	42.0M	47.5M	81.9M	94.2M	98.9M
Non Current Liabilities Total	1.1M	1.1M	4.6M	4.4M	5.0M	5.3M
Inventory	867.8K	924.3K	380.9K	19.5M	22.4M	23.5M
Other Current Assets	4.8M	15.6M	14.6M	11.7M	13.5M	8.6M
Other Stockholder Equity	7.3M	29.1M	40.6M	81.8M	94.1M	98.8M
Total Liab	6.7M	9.5M	14.0M	15.4M	17.7M	10.9M
Net Invested Capital	9.2M	28.8M	33.4M	69.4M	79.9M	83.9M
Property Plant And Equipment Gross	3.1M	9.5M	5.4M	4.8M	5.5M	4.9M
Total Current Assets	16.3M	27.7M	33.2M	52.9M	60.8M	63.9M
Accumulated Other Comprehensive Income	(46.7K)	827.9K	(2.1M)	(3.7M)	(3.4M)	(3.2M)
Net Working Capital	9.6M	18.2M	19.2M	41.9M	48.1M	50.5M
Short Term Debt	319.6K	310.4K	2.8M	1.7M	1.5M	2.0M
Short Long Term Debt Total	319.6K	310.4K	2.8M	6.1M	7.0M	7.4M
Short Long Term Debt	319.6K	310.4K	2.8M	1.7M	1.5M	1.5M

Pair Trading with EZGO 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 EZGO 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 EZGO Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving against EZGO Stock

0.73	AS	Amer Sports, Upward Rally	Pair Corr
0.72	VSTO	Vista Outdoor	Pair Corr
0.71	HBI	Hanesbrands	Pair Corr
0.69	RL	Ralph Lauren Corp	Pair Corr
0.65	DOGZ	Dogness International	Pair Corr

The ability to find closely correlated positions to EZGO 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 EZGO 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 EZGO 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 EZGO Technologies to buy it.

The correlation of EZGO 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 EZGO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EZGO 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 EZGO 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 Correlation Correlation Matching

When determining whether EZGO Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EZGO Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ezgo Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ezgo Technologies Stock:

How To Invest In EZGO

Details

Is EZGO Stock a good investment?

Details

What is EZGO Technologies' Net Worth?

Details

Largest Apparel, Accessories & Luxury Goods Companies

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Largest Consumer Durables & Apparel Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EZGO 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 price.

To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.

You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

Is Apparel, Accessories & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EZGO Technologies. If investors know EZGO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EZGO Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.771

Earnings Share

(63.06)

Revenue Per Share

9.401

Quarterly Revenue Growth

0.661

Return On Assets

(0.05)

The market value of EZGO Technologies is measured differently than its book value, which is the value of EZGO that is recorded on the company's balance sheet. Investors also form their own opinion of EZGO Technologies' value that differs from its market value or its book value, called intrinsic value, which is EZGO Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EZGO Technologies' market value can be influenced by many factors that don't directly affect EZGO Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between EZGO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if EZGO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EZGO Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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EZGO Long Term Debt vs Total Current Assets Analysis

Long Term Debt vs Total Current Assets

Long Term Debt vs Total Current Assets Correlation Analysis

Correlation Coefficient

Long Term Debt

Total Current Assets

EZGO Technologies fundamental ratios Correlations

EZGO Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

EZGO Technologies fundamental ratios Accounts

Pair Trading with EZGO Technologies

Moving against EZGO Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity

Other Stockholder Equity	- 0.97	Retained Earnings
Net Invested Capital	- 0.97	Net Debt
Other Stockholder Equity	- 0.97	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Non Current Assets Total	- 0.97	Net Debt
Cash	- 0.97	Net Debt