Sono Net Income vs Net Borrowings Analysis
| SOTK Stock | USD 4.62 0.13 2.90% |
Sono Tek financial indicator trend analysis is much more than just breaking down Sono Tek Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sono Tek Corp is a good investment. Please check the relationship between Sono Tek Net Income and its Net Borrowings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sono Tek 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 estimate.
Net Income vs Net Borrowings
Net Income vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sono Tek Corp Net Income account and Net Borrowings. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Sono Tek's Net Income and Net Borrowings is 0.4. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Sono Tek Corp, assuming nothing else is changed. The correlation between historical values of Sono Tek's Net Income and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Sono Tek Corp are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Net Income i.e., Sono Tek's Net Income and Net Borrowings go up and down completely randomly.
Correlation Coefficient | 0.4 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Sono Tek Corp financial statement analysis. It represents the amount of money remaining after all of Sono Tek Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Most indicators from Sono Tek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sono Tek 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 Sono Tek 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 estimate. At this time, Sono Tek's Enterprise Value Over EBITDA is quite stable compared to the past year. Enterprise Value Multiple is expected to rise to 48.90 this year, although the value of Sales General And Administrative To Revenue will most likely fall to 0.10.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 8.6M | 7.7M | 9.8M | 10.3M | Total Revenue | 17.1M | 15.1M | 19.7M | 20.7M |
Sono Tek fundamental ratios Correlations
Click cells to compare fundamentals
Sono Tek Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Is Electronic Equipment, Instruments & Components 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 Sono Tek. If investors know Sono 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 Sono Tek 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 (0.33) | Earnings Share 0.09 | Revenue Per Share 1.311 | Quarterly Revenue Growth (0.09) | Return On Assets 0.0346 |
The market value of Sono Tek Corp is measured differently than its book value, which is the value of Sono that is recorded on the company's balance sheet. Investors also form their own opinion of Sono Tek's value that differs from its market value or its book value, called intrinsic value, which is Sono Tek's 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 Sono Tek's market value can be influenced by many factors that don't directly affect Sono Tek's 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 Sono Tek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sono Tek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sono Tek's 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.