SOBHA Stock | | | 1,620 29.75 1.87% |
Sobha financial indicator trend analysis is much more than just breaking down Sobha Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sobha Limited is a good investment. Please check the relationship between Sobha Current Deferred Revenue and its Total Stockholder Equity accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sobha Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Current Deferred Revenue vs Total Stockholder Equity
Current Deferred Revenue vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sobha Limited Current Deferred Revenue account and
Total Stockholder Equity. At this time, the significance of the direction appears to have very week relationship.
The correlation between Sobha's Current Deferred Revenue and Total Stockholder Equity is 0.28. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Sobha Limited, assuming nothing else is changed. The correlation between historical values of Sobha's Current Deferred Revenue and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Sobha Limited are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Current Deferred Revenue i.e., Sobha's Current Deferred Revenue and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Sobha's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sobha Limited 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 Sobha Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of the 18th of December 2024,
Selling General Administrative is likely to grow to about 4.2
B, while
Tax Provision is likely to drop about 238.6
M.
Sobha fundamental ratios Correlations
Click cells to compare fundamentals
Sobha Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sobha fundamental ratios Accounts
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Other Information on Investing in Sobha Stock
Balance Sheet is a snapshot of the
financial position of Sobha Limited at a specified time, usually calculated after every quarter, six months, or one year. Sobha Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sobha and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Sobha currently owns. An asset can also be divided into two categories, current and non-current.