SKYX Retained Earnings vs Net Debt Analysis

SKYX Stock

USD 1.00 0.02 2.04%

SKYX Platforms financial indicator trend analysis is much more than just breaking down SKYX Platforms Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SKYX Platforms Corp is a good investment. Please check the relationship between SKYX Platforms Retained Earnings and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SKYX Platforms Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SKYX Platforms Corp Retained Earnings account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between SKYX Platforms' Retained Earnings and Net Debt is -0.49. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt in the same time period over historical financial statements of SKYX Platforms Corp, assuming nothing else is changed. The correlation between historical values of SKYX Platforms' Retained Earnings and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of SKYX Platforms Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Retained Earnings i.e., SKYX Platforms' Retained Earnings and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from SKYX Platforms' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SKYX Platforms Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SKYX Platforms Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

At this time, SKYX Platforms' Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 12.4 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.60 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	560.4K	589.0K	3.1M	3.3M
Depreciation And Amortization	84.3K	698.4K	1.0M	953.5K

Interest Expense Depreciation And Amortization

SKYX Platforms fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Net Receivables	Inventory	Other Liab
Total Assets		0.97	-0.03	0.48	0.45	0.94	0.89	-0.64	0.94	0.92	0.99	0.95	-0.07	0.93	0.68	0.51	0.94	-0.26	0.5	0.97	0.93	0.6	0.96	0.96	0.68	-0.5
Short Long Term Debt Total	0.97		-0.13	0.36	0.52	0.98	0.96	-0.61	0.88	0.88	0.96	0.97	-0.06	0.94	0.78	0.48	0.88	-0.32	0.43	0.95	0.88	0.46	0.98	0.97	0.67	-0.61
Other Current Liab	-0.03	-0.13		0.85	-0.72	-0.15	-0.18	-0.49	-0.01	-0.04	-0.04	-0.15	-0.16	-0.08	-0.37	0.3	-0.08	0.75	0.63	-0.01	0.17	0.34	-0.18	0.0	0.3	0.21
Total Current Liabilities	0.48	0.36	0.85		-0.42	0.31	0.27	-0.72	0.5	0.42	0.47	0.33	-0.2	0.36	0.0	0.53	0.43	0.49	0.82	0.46	0.64	0.65	0.31	0.46	0.6	-0.03
Total Stockholder Equity	0.45	0.52	-0.72	-0.42		0.53	0.51	0.16	0.43	0.43	0.46	0.53	0.11	0.47	0.56	-0.4	0.48	-0.69	-0.52	0.42	0.2	-0.06	0.54	0.43	-0.04	-0.43
Property Plant And Equipment Net	0.94	0.98	-0.15	0.31	0.53		0.97	-0.54	0.8	0.8	0.94	0.99	-0.14	0.91	0.74	0.46	0.8	-0.36	0.4	0.9	0.84	0.4	0.93	0.98	0.62	-0.52
Net Debt	0.89	0.96	-0.18	0.27	0.51	0.97		-0.49	0.77	0.7	0.91	0.96	-0.26	0.82	0.74	0.44	0.76	-0.4	0.37	0.82	0.82	0.41	0.9	0.94	0.57	-0.53
Retained Earnings	-0.64	-0.61	-0.49	-0.72	0.16	-0.54	-0.49		-0.59	-0.69	-0.56	-0.51	-0.02	-0.69	-0.54	-0.64	-0.52	-0.53	-0.75	-0.74	-0.6	-0.34	-0.64	-0.66	-0.93	0.62
Accounts Payable	0.94	0.88	-0.01	0.5	0.43	0.8	0.77	-0.59		0.9	0.94	0.83	-0.12	0.81	0.58	0.42	0.99	-0.22	0.45	0.91	0.9	0.64	0.88	0.86	0.64	-0.44
Cash	0.92	0.88	-0.04	0.42	0.43	0.8	0.7	-0.69	0.9		0.87	0.8	0.27	0.95	0.71	0.44	0.89	-0.13	0.44	0.97	0.81	0.47	0.93	0.83	0.7	-0.62
Non Current Assets Total	0.99	0.96	-0.04	0.47	0.46	0.94	0.91	-0.56	0.94	0.87		0.95	-0.15	0.88	0.63	0.49	0.94	-0.33	0.49	0.92	0.95	0.65	0.93	0.95	0.62	-0.42
Non Currrent Assets Other	0.95	0.97	-0.15	0.33	0.53	0.99	0.96	-0.51	0.83	0.8	0.95		-0.16	0.9	0.69	0.46	0.84	-0.37	0.4	0.9	0.86	0.44	0.92	0.98	0.6	-0.45
Other Assets	-0.07	-0.06	-0.16	-0.2	0.11	-0.14	-0.26	-0.02	-0.12	0.27	-0.15	-0.16		0.23	0.2	-0.08	-0.11	-0.02	-0.15	0.11	-0.16	-0.17	0.07	-0.2	-0.07	-0.31
Cash And Short Term Investments	0.93	0.94	-0.08	0.36	0.47	0.91	0.82	-0.69	0.81	0.95	0.88	0.9	0.23		0.79	0.49	0.81	-0.18	0.44	0.98	0.8	0.38	0.96	0.91	0.71	-0.67
Common Stock Shares Outstanding	0.68	0.78	-0.37	0.0	0.56	0.74	0.74	-0.54	0.58	0.71	0.63	0.69	0.2	0.79		0.34	0.56	-0.24	0.21	0.75	0.48	0.07	0.83	0.69	0.67	-0.89
Non Current Liabilities Total	0.51	0.48	0.3	0.53	-0.4	0.46	0.44	-0.64	0.42	0.44	0.49	0.46	-0.08	0.49	0.34		0.37	0.19	0.91	0.52	0.63	0.48	0.45	0.51	0.71	-0.18
Other Current Assets	0.94	0.88	-0.08	0.43	0.48	0.8	0.76	-0.52	0.99	0.89	0.94	0.84	-0.11	0.81	0.56	0.37		-0.3	0.39	0.9	0.89	0.6	0.88	0.85	0.59	-0.4
Other Stockholder Equity	-0.26	-0.32	0.75	0.49	-0.69	-0.36	-0.4	-0.53	-0.22	-0.13	-0.33	-0.37	-0.02	-0.18	-0.24	0.19	-0.3		0.4	-0.13	-0.23	-0.09	-0.3	-0.2	0.37	-0.03
Total Liab	0.5	0.43	0.63	0.82	-0.52	0.4	0.37	-0.75	0.45	0.44	0.49	0.4	-0.15	0.44	0.21	0.91	0.39	0.4		0.5	0.67	0.6	0.38	0.5	0.75	-0.11
Total Current Assets	0.97	0.95	-0.01	0.46	0.42	0.9	0.82	-0.74	0.91	0.97	0.92	0.9	0.11	0.98	0.75	0.52	0.9	-0.13	0.5		0.86	0.47	0.97	0.93	0.76	-0.63
Short Term Debt	0.93	0.88	0.17	0.64	0.2	0.84	0.82	-0.6	0.9	0.81	0.95	0.86	-0.16	0.8	0.48	0.63	0.89	-0.23	0.67	0.86		0.74	0.83	0.87	0.62	-0.29
Intangible Assets	0.6	0.46	0.34	0.65	-0.06	0.4	0.41	-0.34	0.64	0.47	0.65	0.44	-0.17	0.38	0.07	0.48	0.6	-0.09	0.6	0.47	0.74		0.41	0.47	0.32	0.06
Common Stock	0.96	0.98	-0.18	0.31	0.54	0.93	0.9	-0.64	0.88	0.93	0.93	0.92	0.07	0.96	0.83	0.45	0.88	-0.3	0.38	0.97	0.83	0.41		0.93	0.69	-0.7
Net Receivables	0.96	0.97	0.0	0.46	0.43	0.98	0.94	-0.66	0.86	0.83	0.95	0.98	-0.2	0.91	0.69	0.51	0.85	-0.2	0.5	0.93	0.87	0.47	0.93		0.72	-0.51
Inventory	0.68	0.67	0.3	0.6	-0.04	0.62	0.57	-0.93	0.64	0.7	0.62	0.6	-0.07	0.71	0.67	0.71	0.59	0.37	0.75	0.76	0.62	0.32	0.69	0.72		-0.62
Other Liab	-0.5	-0.61	0.21	-0.03	-0.43	-0.52	-0.53	0.62	-0.44	-0.62	-0.42	-0.45	-0.31	-0.67	-0.89	-0.18	-0.4	-0.03	-0.11	-0.63	-0.29	0.06	-0.7	-0.51	-0.62

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SKYX Platforms Account Relationship Matchups

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SKYX Retained Earnings vs Net Debt Analysis

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Debt

SKYX Platforms fundamental ratios Correlations

SKYX Platforms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Non Currrent Assets Other	+ 0.99	Property Plant And Equipment Net
Other Current Assets	+ 0.99	Accounts Payable
Property Plant And Equipment Net	+ 0.98	Short Long Term Debt Total
Common Stock	+ 0.98	Short Long Term Debt Total
Net Receivables	+ 0.98	Property Plant And Equipment Net

Inventory	- 0.93	Retained Earnings
Other Liab	- 0.89	Common Stock Shares Outstanding
Total Liab	- 0.75	Retained Earnings
Total Current Assets	- 0.74	Retained Earnings
Retained Earnings	- 0.72	Total Current Liabilities
Total Stockholder Equity	- 0.72	Other Current Liab