| EAC Stock | | | CAD 0.01 0.00 0.00% |
Earth Alive financial indicator trend analysis is much more than just examining Earth Alive Clean latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Earth Alive Clean is a good investment. Please check the relationship between Earth Alive Depreciation and its Capital Expenditures accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Earth Alive Clean. 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.
Depreciation vs Capital Expenditures
Depreciation vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Earth Alive Clean Depreciation account and
Capital Expenditures. At this time, the significance of the direction appears to have strong relationship.
The correlation between Earth Alive's Depreciation and Capital Expenditures is 0.79. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Earth Alive Clean, assuming nothing else is changed. The correlation between historical values of Earth Alive's Depreciation and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Earth Alive Clean are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Depreciation i.e., Earth Alive's Depreciation and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.79 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Depreciation
Depreciation indicates how much of Earth Alive Clean value has been used up. For tax purposes Earth Alive can deduct the cost of the tangible assets it purchases as business expenses. However, Earth Alive Clean must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Capital Expenditures
Capital Expenditures are funds used by Earth Alive Clean to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Earth Alive operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Earth Alive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Earth Alive Clean 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Earth Alive Clean. 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.
Issuance Of Capital Stock is likely to climb to about 3.6
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 3.3
M in 2024.
Earth Alive fundamental ratios Correlations
Click cells to compare fundamentals
Earth Alive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Earth Alive fundamental ratios Accounts
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Additional Tools for Earth Stock Analysis
When running Earth Alive's price analysis, check to
measure Earth Alive'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 Earth Alive is operating at the current time. Most of Earth Alive's value examination focuses on studying past and present price action to
predict the probability of Earth Alive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Earth Alive's price. Additionally, you may evaluate how the addition of Earth Alive to your portfolios can decrease your overall portfolio volatility.