Vicinity Net Debt vs Retained Earnings Analysis

VMC Stock

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Vicinity financial indicator trend analysis is much more than just breaking down Vicinity Motor Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vicinity Motor Corp is a good investment. Please check the relationship between Vicinity Net Debt and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vicinity Motor 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 board of governors.

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vicinity Motor Corp Net Debt account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.

The correlation between Vicinity's Net Debt and Retained Earnings is -0.84. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Vicinity Motor Corp, assuming nothing else is changed. The correlation between historical values of Vicinity's Net Debt and Retained Earnings 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 Debt of Vicinity Motor Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Debt i.e., Vicinity's Net Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.84

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

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.

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.

Most indicators from Vicinity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vicinity Motor 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 Vicinity Motor 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 board of governors.

Sales General And Administrative To Revenue is likely to climb to 0.62 in 2024, whereas Selling General Administrative is likely to drop slightly above 9.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	4.2M	440K	2.1M	3.7M
Total Revenue	41.7M	18.5M	19.1M	29.1M

Gross Profit Total Revenue

Vicinity fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Net Working Capital	Intangible Assets	Common Stock	Property Plant Equipment	Capital Stock
Total Assets		-0.24	0.64	0.41	-0.58	-0.82	0.7	-0.83	-0.63	-0.13	0.76	0.62	-0.58	0.82	0.67	-0.04	-0.34	0.69	0.89	0.73	-0.15	-0.79	0.57	0.82	0.74	0.82
Other Current Liab	-0.24		-0.09	-0.05	0.32	0.09	-0.53	0.53	0.27	0.72	-0.14	-0.44	0.24	-0.41	-0.49	-0.24	0.33	-0.21	-0.23	-0.43	0.12	0.23	0.23	-0.16	-0.26	-0.33
Total Current Liabilities	0.64	-0.09		-0.42	0.16	-0.37	0.59	-0.31	0.09	0.28	0.04	0.08	0.17	0.14	0.65	0.49	0.34	0.98	0.23	0.66	0.63	-0.2	-0.14	0.18	0.08	0.13
Total Stockholder Equity	0.41	-0.05	-0.42		-0.79	-0.57	0.07	-0.56	-0.82	-0.34	0.86	0.53	-0.82	0.77	-0.01	-0.76	-0.69	-0.38	0.77	0.04	-0.91	-0.71	0.9	0.75	0.77	0.8
Other Liab	-0.58	0.32	0.16	-0.79		0.64	-0.48	0.77	0.9	0.69	-0.81	-0.86	0.98	-0.85	-0.3	0.29	0.89	0.04	-0.82	-0.4	0.8	0.79	-0.73	-0.8	-0.84	-0.85
Net Tangible Assets	-0.82	0.09	-0.37	-0.57	0.64		-0.57	0.79	0.71	0.18	-0.82	-0.5	0.68	-0.8	-0.47	0.32	0.34	-0.37	-0.86	-0.59	0.42	0.88	-0.74	-0.81	-0.79	-0.84
Net Debt	0.7	-0.53	0.59	0.07	-0.48	-0.57		-0.84	-0.52	-0.39	0.38	0.61	-0.37	0.55	0.96	0.16	-0.3	0.66	0.55	0.99	-0.06	-0.68	0.15	0.45	0.64	0.53
Retained Earnings	-0.83	0.53	-0.31	-0.56	0.77	0.79	-0.84		0.86	0.53	-0.8	-0.8	0.71	-0.9	-0.78	0.25	0.61	-0.39	-0.88	-0.8	0.49	0.93	-0.58	-0.81	-0.93	-0.89
Accounts Payable	-0.63	0.27	0.09	-0.82	0.9	0.71	-0.52	0.86		0.59	-0.91	-0.87	0.86	-0.9	-0.44	0.53	0.85	0.01	-0.87	-0.47	0.81	0.93	-0.82	-0.89	-0.97	-0.91
Cash	-0.13	0.72	0.28	-0.34	0.69	0.18	-0.39	0.53	0.59		-0.35	-0.74	0.63	-0.52	-0.23	-0.06	0.8	0.14	-0.34	-0.24	0.56	0.38	-0.13	-0.38	-0.45	-0.47
Non Current Assets Total	0.76	-0.14	0.04	0.86	-0.81	-0.82	0.38	-0.8	-0.91	-0.35		0.73	-0.83	0.95	0.32	-0.57	-0.68	0.08	0.96	0.36	-0.71	-0.91	0.91	0.97	0.92	0.97
Long Term Debt	0.62	-0.44	0.08	0.53	-0.86	-0.5	0.61	-0.8	-0.87	-0.74	0.73		-0.79	0.82	0.51	-0.1	-0.91	0.21	0.75	0.53	-0.56	-0.75	0.54	0.81	0.81	0.79
Net Receivables	-0.58	0.24	0.17	-0.82	0.98	0.68	-0.37	0.71	0.86	0.63	-0.83	-0.79		-0.86	-0.18	0.29	0.84	0.06	-0.83	-0.3	0.79	0.75	-0.77	-0.82	-0.79	-0.86
Common Stock Shares Outstanding	0.82	-0.41	0.14	0.77	-0.85	-0.8	0.55	-0.9	-0.9	-0.52	0.95	0.82	-0.86		0.46	-0.36	-0.72	0.22	0.97	0.5	-0.64	-0.9	0.76	0.95	0.91	1.0
Non Current Liabilities Total	0.67	-0.49	0.65	-0.01	-0.3	-0.47	0.96	-0.78	-0.44	-0.23	0.32	0.51	-0.18	0.46		0.1	-0.16	0.69	0.47	0.97	0.05	-0.62	0.08	0.38	0.59	0.44
Inventory	-0.04	-0.24	0.49	-0.76	0.29	0.32	0.16	0.25	0.53	-0.06	-0.57	-0.1	0.29	-0.36	0.1		0.29	0.56	-0.38	0.14	0.72	0.49	-0.72	-0.39	-0.53	-0.41
Other Current Assets	-0.34	0.33	0.34	-0.69	0.89	0.34	-0.3	0.61	0.85	0.8	-0.68	-0.91	0.84	-0.72	-0.16	0.29		0.21	-0.63	-0.19	0.79	0.61	-0.6	-0.7	-0.72	-0.7
Total Liab	0.69	-0.21	0.98	-0.38	0.04	-0.37	0.66	-0.39	0.01	0.14	0.08	0.21	0.06	0.22	0.69	0.56	0.21		0.29	0.71	0.57	-0.24	-0.14	0.24	0.14	0.2
Net Invested Capital	0.89	-0.23	0.23	0.77	-0.82	-0.86	0.55	-0.88	-0.87	-0.34	0.96	0.75	-0.83	0.97	0.47	-0.38	-0.63	0.29		0.53	-0.57	-0.92	0.83	0.97	0.91	0.98
Short Long Term Debt	0.73	-0.43	0.66	0.04	-0.4	-0.59	0.99	-0.8	-0.47	-0.24	0.36	0.53	-0.3	0.5	0.97	0.14	-0.19	0.71	0.53		0.01	-0.67	0.16	0.42	0.61	0.49
Total Current Assets	-0.15	0.12	0.63	-0.91	0.8	0.42	-0.06	0.49	0.81	0.56	-0.71	-0.56	0.79	-0.64	0.05	0.72	0.79	0.57	-0.57	0.01		0.63	-0.76	-0.59	-0.71	-0.66
Net Working Capital	-0.79	0.23	-0.2	-0.71	0.79	0.88	-0.68	0.93	0.93	0.38	-0.91	-0.75	0.75	-0.9	-0.62	0.49	0.61	-0.24	-0.92	-0.67	0.63		-0.8	-0.89	-0.98	-0.92
Intangible Assets	0.57	0.23	-0.14	0.9	-0.73	-0.74	0.15	-0.58	-0.82	-0.13	0.91	0.54	-0.77	0.76	0.08	-0.72	-0.6	-0.14	0.83	0.16	-0.76	-0.8		0.85	0.81	0.81
Common Stock	0.82	-0.16	0.18	0.75	-0.8	-0.81	0.45	-0.81	-0.89	-0.38	0.97	0.81	-0.82	0.95	0.38	-0.39	-0.7	0.24	0.97	0.42	-0.59	-0.89	0.85		0.89	0.96
Property Plant Equipment	0.74	-0.26	0.08	0.77	-0.84	-0.79	0.64	-0.93	-0.97	-0.45	0.92	0.81	-0.79	0.91	0.59	-0.53	-0.72	0.14	0.91	0.61	-0.71	-0.98	0.81	0.89		0.93
Capital Stock	0.82	-0.33	0.13	0.8	-0.85	-0.84	0.53	-0.89	-0.91	-0.47	0.97	0.79	-0.86	1.0	0.44	-0.41	-0.7	0.2	0.98	0.49	-0.66	-0.92	0.81	0.96	0.93

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Vicinity Account Relationship Matchups

Vicinity fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	36.9M	47.0M	54.0M	55.0M	74.2M	55.7M
Other Current Liab	2.7M	2.1M	9.2M	449K	1.2M	1.2M
Total Current Liabilities	18.6M	19.0M	19.4M	16.6M	43.5M	25.4M
Total Stockholder Equity	16.7M	22.4M	34.2M	36.8M	21.2M	26.6M
Other Liab	1.8M	1.2M	201K	255K	229.5K	218.0K
Net Tangible Assets	19.2M	15.1M	15.9M	11.9M	10.7M	12.3M
Net Debt	7.3M	7.3M	2.7M	5.6M	25.1M	26.3M
Retained Earnings	(22.8M)	(22.2M)	(29.7M)	(47.6M)	(64.3M)	(61.1M)
Accounts Payable	9.2M	7.8M	10.1M	2.7M	2.4M	2.3M
Cash	757.3K	1.3M	4.4M	1.6M	2.0M	1.9M
Non Current Assets Total	6.1M	6.2M	33.2M	36.9M	33.5M	19.9M
Net Receivables	9.2M	1.6M	1.3M	1.1M	2.6M	4.9M
Common Stock Shares Outstanding	24.8M	28.7M	34.9M	44.7M	45.7M	35.7M
Non Current Liabilities Total	1.6M	534K	347K	1.6M	9.5M	10.0M
Inventory	19.3M	25.6M	9.4M	10.1M	23.3M	14.1M
Total Liab	20.2M	24.7M	19.7M	18.2M	53.0M	29.2M
Net Invested Capital	24.7M	30.9M	41.4M	44.0M	48.3M	38.3M
Short Long Term Debt	8.0M	8.6M	7.1M	7.2M	27.1M	28.4M
Total Current Assets	30.8M	32.1M	20.8M	18.1M	40.6M	25.0M
Net Working Capital	12.2M	16.7M	1.4M	1.6M	(2.9M)	(2.7M)
Intangible Assets	1.6M	2.2M	22.4M	14.3M	9.8M	8.4M
Common Stock	36.0M	37.1M	37.2M	58.1M	66.8M	44.5M
Property Plant Equipment	4.7M	4.5M	3.2M	10.8M	12.5M	13.1M
Capital Stock	28.4M	36.4M	58.1M	76.0M	76.8M	55.4M

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