Expion360 Historical Balance Sheet
XPON Stock | USD 2.37 0.08 3.27% |
Trend analysis of Expion360 balance sheet accounts such as Total Assets of 8.3 M, Short Long Term Debt Total of 4 M, Other Current Liabilities of 327.5 K or Total Current Liabilities of 4.2 M provides information on Expion360's total assets, liabilities, and equity, which is the actual value of Expion360 to its prevalent stockholders. By breaking down trends over time using Expion360 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 Expion360 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 Expion360 is a good buy for the upcoming year.
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About Expion360 Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Expion360 at a specified time, usually calculated after every quarter, six months, or one year. Expion360 Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Expion360 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 Expion360 currently owns. An asset can also be divided into two categories, current and non-current.
Expion360 Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Expion360 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 Expion360 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 Expion360 balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Expion360 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.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most accounts from Expion360's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Expion360 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Expion360. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Expion360 Stock, please use our How to Invest in Expion360 guide.At this time, Expion360's Other Current Assets are very stable compared to the past year. As of the 26th of November 2024, Other Stockholder Equity is likely to grow to about 27.8 M, while Total Assets are likely to drop about 8.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 3.6M | 4.6M | 6.0M | 4.0M | Total Assets | 6.5M | 16.7M | 11.9M | 8.3M |
Expion360 balance sheet Correlations
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Expion360 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Expion360
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Expion360 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Expion360 will appreciate offsetting losses from the drop in the long position's value.Moving against Expion360 Stock
0.81 | ESP | Espey Mfg Electronics | PairCorr |
0.78 | NVX | Novonix Ltd ADR | PairCorr |
0.77 | AYI | Acuity Brands | PairCorr |
0.77 | EAF | GrafTech International | PairCorr |
0.61 | NVT | nVent Electric PLC | PairCorr |
The ability to find closely correlated positions to Expion360 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Expion360 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Expion360 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Expion360 to buy it.
The correlation of Expion360 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Expion360 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Expion360 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Expion360 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Expion360. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Expion360 Stock, please use our How to Invest in Expion360 guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Industrial Machinery & Supplies & 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 Expion360. If investors know Expion360 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 Expion360 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share -7.9 K | Revenue Per Share 70.928 | Quarterly Revenue Growth (0.26) | Return On Assets (0.43) | Return On Equity (1.53) |
The market value of Expion360 is measured differently than its book value, which is the value of Expion360 that is recorded on the company's balance sheet. Investors also form their own opinion of Expion360's value that differs from its market value or its book value, called intrinsic value, which is Expion360'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 Expion360's market value can be influenced by many factors that don't directly affect Expion360'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 Expion360's value and its price as these two are different measures arrived at by different means. Investors typically determine if Expion360 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Expion360'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.