Owlet Inventory vs Cash And Short Term Investments Analysis

OWLT Stock

USD 4.79 0.06 1.27%

Owlet financial indicator trend analysis is much more than just breaking down Owlet Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Owlet Inc is a good investment. Please check the relationship between Owlet Inventory and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owlet 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 bureau of economic analysis.

Inventory vs Cash And Short Term Investments

Inventory 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 Owlet Inc Inventory account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Owlet's Inventory and Cash And Short Term Investments is 0.62. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Owlet Inc, assuming nothing else is changed. The correlation between historical values of Owlet's Inventory 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 Inventory of Owlet Inc 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 Inventory i.e., Owlet's Inventory and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

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Inventory

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Owlet Inc balance sheet. This account contains Owlet investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Owlet Inc 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 Owlet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Owlet 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 Equity Center to better understand how to build diversified portfolios, which includes a position in Owlet 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 bureau of economic analysis.

At this time, Owlet's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 76 M in 2024, whereas Tax Provision is likely to drop 5,700 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	35M	23.3M	22.6M	22.3M
Total Revenue	75.8M	69.2M	54.0M	71.3M

Gross Profit Total Revenue

Owlet fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	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 Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		-0.57	0.97	0.83	0.75	0.94	0.43	0.21	-0.96	-0.51	0.81	0.92	0.56	0.64	-0.79	0.92	0.47	-0.64	0.03	0.84	0.99	0.72	0.83	1.0	0.16	0.61
Short Long Term Debt Total	-0.57		-0.69	-0.6	-0.18	-0.44	0.22	-0.34	0.5	0.84	-0.59	-0.36	-0.77	-0.78	0.89	-0.36	-0.67	0.02	-0.2	-0.61	-0.62	-0.86	-0.65	-0.55	-0.11	-0.86
Other Current Liab	0.97	-0.69		0.92	0.62	0.86	0.42	0.34	-0.88	-0.68	0.9	0.82	0.73	0.8	-0.9	0.82	0.66	-0.64	0.01	0.92	0.99	0.86	0.91	0.96	0.3	0.78
Total Current Liabilities	0.83	-0.6	0.92		0.35	0.64	0.6	0.49	-0.66	-0.78	0.98	0.6	0.84	0.9	-0.84	0.6	0.85	-0.77	-0.1	0.95	0.87	0.87	0.95	0.82	0.62	0.84
Total Stockholder Equity	0.75	-0.18	0.62	0.35		0.9	0.13	0.05	-0.87	0.12	0.38	0.9	0.11	0.17	-0.44	0.9	-0.12	-0.26	-0.16	0.49	0.73	0.23	0.3	0.76	-0.42	0.1
Other Liab	0.94	-0.44	0.86	0.64	0.9		0.33	0.01	-1.0	-0.27	0.61	1.0	0.33	0.43	-0.65	1.0	0.21	-0.51	0.1	0.67	0.92	0.55	0.66	0.95	-0.09	0.42
Net Tangible Assets	0.43	0.22	0.42	0.6	0.13	0.33		-0.02	-0.32	-0.22	0.52	0.37	0.18	0.27	-0.09	0.37	0.4	-0.96	0.03	0.43	0.41	0.27	0.6	0.43	0.74	0.22
Property Plant And Equipment Net	0.21	-0.34	0.34	0.49	0.05	0.01	-0.02		0.0	-0.35	0.63	-0.05	0.75	0.66	-0.54	-0.05	0.52	-0.07	-0.82	0.67	0.31	0.37	0.24	0.18	0.22	0.43
Net Debt	-0.96	0.5	-0.88	-0.66	-0.87	-1.0	-0.32	0.0		0.33	-0.62	-0.99	-0.36	-0.46	0.68	-0.99	-0.25	0.51	-0.15	-0.68	-0.93	-0.6	-0.69	-0.96	0.07	-0.47
Retained Earnings	-0.51	0.84	-0.68	-0.78	0.12	-0.27	-0.22	-0.35	0.33		-0.73	-0.2	-0.85	-0.88	0.79	-0.2	-0.93	0.4	-0.23	-0.67	-0.56	-0.92	-0.84	-0.48	-0.63	-0.95
Accounts Payable	0.81	-0.59	0.9	0.98	0.38	0.61	0.52	0.63	-0.62	-0.73		0.56	0.89	0.92	-0.86	0.56	0.83	-0.69	-0.27	0.99	0.86	0.84	0.89	0.79	0.55	0.81
Cash	0.92	-0.36	0.82	0.6	0.9	1.0	0.37	-0.05	-0.99	-0.2	0.56		0.25	0.35	-0.58	1.0	0.15	-0.54	0.12	0.62	0.89	0.49	0.63	0.93	-0.1	0.35
Non Current Assets Total	0.56	-0.77	0.73	0.84	0.11	0.33	0.18	0.75	-0.36	-0.85	0.89	0.25		0.99	-0.9	0.25	0.91	-0.36	-0.27	0.87	0.64	0.89	0.75	0.53	0.5	0.92
Non Currrent Assets Other	0.64	-0.78	0.8	0.9	0.17	0.43	0.27	0.66	-0.46	-0.88	0.92	0.35	0.99		-0.92	0.35	0.94	-0.46	-0.16	0.89	0.71	0.94	0.84	0.61	0.54	0.96
Other Assets	-0.79	0.89	-0.9	-0.84	-0.44	-0.65	-0.09	-0.54	0.68	0.79	-0.86	-0.58	-0.9	-0.92		-0.58	-0.76	0.33	0.08	-0.89	-0.84	-0.93	-0.8	-0.77	-0.23	-0.91
Cash And Short Term Investments	0.92	-0.36	0.82	0.6	0.9	1.0	0.37	-0.05	-0.99	-0.2	0.56	1.0	0.25	0.35	-0.58		0.15	-0.54	0.12	0.62	0.89	0.49	0.63	0.93	-0.1	0.35
Net Receivables	0.47	-0.67	0.66	0.85	-0.12	0.21	0.4	0.52	-0.25	-0.93	0.83	0.15	0.91	0.94	-0.76	0.15		-0.54	0.0	0.75	0.54	0.89	0.84	0.44	0.78	0.93
Common Stock Shares Outstanding	-0.64	0.02	-0.64	-0.77	-0.26	-0.51	-0.96	-0.07	0.51	0.4	-0.69	-0.54	-0.36	-0.46	0.33	-0.54	-0.54		-0.05	-0.62	-0.62	-0.47	-0.77	-0.64	-0.72	-0.41
Non Current Liabilities Total	0.03	-0.2	0.01	-0.1	-0.16	0.1	0.03	-0.82	-0.15	-0.23	-0.27	0.12	-0.27	-0.16	0.08	0.12	0.0	-0.05		-0.34	-0.03	0.16	0.2	0.05	0.08	0.13
Inventory	0.84	-0.61	0.92	0.95	0.49	0.67	0.43	0.67	-0.68	-0.67	0.99	0.62	0.87	0.89	-0.89	0.62	0.75	-0.62	-0.34		0.89	0.81	0.84	0.82	0.41	0.78
Other Current Assets	0.99	-0.62	0.99	0.87	0.73	0.92	0.41	0.31	-0.93	-0.56	0.86	0.89	0.64	0.71	-0.84	0.89	0.54	-0.62	-0.03	0.89		0.77	0.85	0.99	0.19	0.67
Other Stockholder Equity	0.72	-0.86	0.86	0.87	0.23	0.55	0.27	0.37	-0.6	-0.92	0.84	0.49	0.89	0.94	-0.93	0.49	0.89	-0.47	0.16	0.81	0.77		0.91	0.7	0.49	0.99
Total Liab	0.83	-0.65	0.91	0.95	0.3	0.66	0.6	0.24	-0.69	-0.84	0.89	0.63	0.75	0.84	-0.8	0.63	0.84	-0.77	0.2	0.84	0.85	0.91		0.82	0.63	0.86
Total Current Assets	1.0	-0.55	0.96	0.82	0.76	0.95	0.43	0.18	-0.96	-0.48	0.79	0.93	0.53	0.61	-0.77	0.93	0.44	-0.64	0.05	0.82	0.99	0.7	0.82		0.14	0.59
Short Term Debt	0.16	-0.11	0.3	0.62	-0.42	-0.09	0.74	0.22	0.07	-0.63	0.55	-0.1	0.5	0.54	-0.23	-0.1	0.78	-0.72	0.08	0.41	0.19	0.49	0.63	0.14		0.54
Intangible Assets	0.61	-0.86	0.78	0.84	0.1	0.42	0.22	0.43	-0.47	-0.95	0.81	0.35	0.92	0.96	-0.91	0.35	0.93	-0.41	0.13	0.78	0.67	0.99	0.86	0.59	0.54

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When running Owlet's price analysis, check to measure Owlet'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 Owlet is operating at the current time. Most of Owlet's value examination focuses on studying past and present price action to predict the probability of Owlet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Owlet's price. Additionally, you may evaluate how the addition of Owlet to your portfolios can decrease your overall portfolio volatility.

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Owlet Inventory vs Cash And Short Term Investments Analysis

Inventory vs Cash And Short Term Investments

Inventory vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Inventory

Cash And Short Term Investments

Owlet fundamental ratios Correlations

Owlet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

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Additional Tools for Owlet Stock Analysis

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Total Current Assets	+ 1.0	Total Assets
Cash	+ 1.0	Other Liab
Cash And Short Term Investments	+ 1.0	Other Liab
Cash And Short Term Investments	+ 1.0	Cash
Other Current Assets	+ 0.99	Total Assets
Other Current Assets	+ 0.99	Other Current Liab

Net Debt	- 1.0	Other Liab
Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Total Current Assets	- 0.96	Net Debt
Common Stock Shares Outstanding	- 0.96	Net Tangible Assets
Net Debt	- 0.96	Total Assets