Joby Total Current Liabilities vs Cash And Short Term Investments Analysis
| JOBY Stock | USD 6.80 0.60 9.68% |
Joby Aviation financial indicator trend analysis is infinitely more than just investigating Joby Aviation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Joby Aviation is a good investment. Please check the relationship between Joby Aviation Total Current Liabilities and its Cash And Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Joby Aviation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Joby Stock please use our How to Invest in Joby Aviation guide.
Total Current Liabilities vs Cash And Short Term Investments
Total Current Liabilities vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Joby Aviation Total Current Liabilities account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Joby Aviation's Total Current Liabilities and Cash And Short Term Investments is 0.75. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Joby Aviation, assuming nothing else is changed. The correlation between historical values of Joby Aviation's Total Current Liabilities and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Joby Aviation are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Liabilities i.e., Joby Aviation's Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.75 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Joby Aviation balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Joby Aviation 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Joby Aviation balance sheet. This account contains Joby Aviation investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Joby Aviation fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Joby Aviation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Joby Aviation 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Joby Aviation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Joby Stock please use our How to Invest in Joby Aviation guide.At this time, Joby Aviation's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 294.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 78.8 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 15.9M | 24.0M | 30.5M | 21.4M | Interest Income | 1.1M | 16.9M | 45.6M | 47.8M |
Joby Aviation fundamental ratios Correlations
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Joby Aviation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Joby Aviation's price analysis, check to measure Joby Aviation's 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 Joby Aviation is operating at the current time. Most of Joby Aviation's value examination focuses on studying past and present price action to predict the probability of Joby Aviation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Joby Aviation's price. Additionally, you may evaluate how the addition of Joby Aviation to your portfolios can decrease your overall portfolio volatility.