SoundHound Historical Balance Sheet
SOUNW Stock | USD 2.89 0.21 6.77% |
Trend analysis of SoundHound AI balance sheet accounts such as Total Stockholder Equity of 29.6 M, Property Plant And Equipment Net of 11.5 M, Accounts Payable of 2.2 M or Cash of 100 M provides information on SoundHound's total assets, liabilities, and equity, which is the actual value of SoundHound AI to its prevalent stockholders. By breaking down trends over time using SoundHound balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining SoundHound AI latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether SoundHound AI is a good buy for the upcoming year.
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About SoundHound Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of SoundHound AI at a specified time, usually calculated after every quarter, six months, or one year. SoundHound Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SoundHound 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 SoundHound currently owns. An asset can also be divided into two categories, current and non-current.
SoundHound Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of SoundHound assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in SoundHound AI books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on SoundHound balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of SoundHound AI 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.Most accounts from SoundHound's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into SoundHound AI current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 SoundHound AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, SoundHound's Other Current Assets are fairly stable compared to the past year. Other Stockholder Equity is likely to climb to about 636.4 M in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 50.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 73.3M | 44.3M | 90.2M | 50.1M | Total Assets | 49.2M | 38.3M | 151.1M | 80.6M |
SoundHound balance sheet Correlations
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SoundHound Account Relationship Matchups
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High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for SoundHound Stock Analysis
When running SoundHound's price analysis, check to measure SoundHound'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 SoundHound is operating at the current time. Most of SoundHound's value examination focuses on studying past and present price action to predict the probability of SoundHound's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SoundHound's price. Additionally, you may evaluate how the addition of SoundHound to your portfolios can decrease your overall portfolio volatility.