Eco Common Stock Shares Outstanding vs Short Term Debt Analysis

EAH Stock   70.50  2.50  3.42%   
Eco Animal financial indicator trend analysis is much more than just examining Eco Animal Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eco Animal Health is a good investment. Please check the relationship between Eco Animal Common Stock Shares Outstanding and its Short Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eco Animal Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Common Stock Shares Outstanding vs Short Term Debt

Common Stock Shares Outstanding vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Animal Health Common Stock Shares Outstanding account and Short Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Eco Animal's Common Stock Shares Outstanding and Short Term Debt is -0.13. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Eco Animal Health, assuming nothing else is changed. The correlation between historical values of Eco Animal's Common Stock Shares Outstanding and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Eco Animal Health are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Common Stock Shares Outstanding i.e., Eco Animal's Common Stock Shares Outstanding and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.13
Relationship DirectionNegative 
Relationship StrengthInsignificant

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Short Term Debt

Most indicators from Eco Animal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eco Animal Health 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 Eco Animal Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At present, Eco Animal's Tax Provision is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Gross Profit33.7M36.8M37.7M39.6M
Total Revenue82.2M85.3M89.4M93.9M

Eco Animal fundamental ratios Correlations

0.660.840.790.65-0.750.430.890.850.69-0.060.850.730.780.670.740.20.80.820.610.940.750.420.32-0.33-0.79
0.660.920.180.96-0.34-0.240.470.60.050.550.60.260.30.940.410.290.330.940.950.80.220.560.13-0.31-0.28
0.840.920.410.88-0.43-0.050.70.680.280.440.680.470.520.890.560.350.541.00.850.920.450.590.33-0.3-0.53
0.790.180.410.2-0.730.70.720.660.94-0.530.660.930.950.170.760.020.940.370.140.630.940.240.25-0.2-0.81
0.650.960.880.2-0.29-0.220.430.550.070.530.550.260.310.940.470.340.350.910.990.780.230.580.25-0.34-0.27
-0.75-0.34-0.43-0.73-0.29-0.7-0.65-0.93-0.70.4-0.93-0.57-0.55-0.37-0.440.18-0.58-0.43-0.27-0.61-0.58-0.110.010.340.59
0.43-0.24-0.050.7-0.22-0.70.510.530.81-0.660.530.480.45-0.10.24-0.20.43-0.06-0.230.150.5-0.070.07-0.03-0.52
0.890.470.70.720.43-0.650.510.70.65-0.090.70.630.670.540.650.120.680.680.410.790.640.220.3-0.25-0.72
0.850.60.680.660.55-0.930.530.70.64-0.131.00.570.560.610.42-0.070.580.680.520.740.580.40.0-0.23-0.66
0.690.050.280.940.07-0.70.810.650.64-0.540.640.880.860.080.520.00.820.250.020.440.90.320.10.06-0.86
-0.060.550.44-0.530.530.4-0.66-0.09-0.13-0.54-0.13-0.32-0.350.57-0.230.54-0.340.470.580.14-0.40.350.080.010.24
0.850.60.680.660.55-0.930.530.71.00.64-0.130.570.560.610.42-0.070.580.680.520.740.580.40.0-0.23-0.66
0.730.260.470.930.26-0.570.480.630.570.88-0.320.570.980.210.690.130.960.430.20.60.980.430.14-0.03-0.84
0.780.30.520.950.31-0.550.450.670.560.86-0.350.560.980.240.790.140.990.480.240.680.980.390.27-0.13-0.83
0.670.940.890.170.94-0.37-0.10.540.610.080.570.610.210.240.340.280.270.920.940.770.150.530.23-0.32-0.25
0.740.410.560.760.47-0.440.240.650.420.52-0.230.420.690.790.340.190.830.530.420.790.710.090.48-0.54-0.48
0.20.290.350.020.340.18-0.20.12-0.070.00.54-0.070.130.140.280.190.140.340.330.260.120.090.36-0.25-0.18
0.80.330.540.940.35-0.580.430.680.580.82-0.340.580.960.990.270.830.140.50.280.730.970.350.3-0.21-0.8
0.820.941.00.370.91-0.43-0.060.680.680.250.470.680.430.480.920.530.340.50.890.90.40.590.32-0.31-0.49
0.610.950.850.140.99-0.27-0.230.410.520.020.580.520.20.240.940.420.330.280.890.740.160.560.18-0.31-0.22
0.940.80.920.630.78-0.610.150.790.740.440.140.740.60.680.770.790.260.730.90.740.610.370.41-0.5-0.59
0.750.220.450.940.23-0.580.50.640.580.9-0.40.580.980.980.150.710.120.970.40.160.610.40.16-0.03-0.89
0.420.560.590.240.58-0.11-0.070.220.40.320.350.40.430.390.530.090.090.350.590.560.370.4-0.050.46-0.51
0.320.130.330.250.250.010.070.30.00.10.080.00.140.270.230.480.360.30.320.180.410.16-0.05-0.58-0.06
-0.33-0.31-0.3-0.2-0.340.34-0.03-0.25-0.230.060.01-0.23-0.03-0.13-0.32-0.54-0.25-0.21-0.31-0.31-0.5-0.030.46-0.58-0.15
-0.79-0.28-0.53-0.81-0.270.59-0.52-0.72-0.66-0.860.24-0.66-0.84-0.83-0.25-0.48-0.18-0.8-0.49-0.22-0.59-0.89-0.51-0.06-0.15
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Eco Animal Account Relationship Matchups

Eco Animal fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets100.0M116.9M113.6M121.3M123.3M129.4M
Other Current Liab7.3M6.8M7.5M13.1M13.8M14.5M
Total Current Liabilities17.9M20.2M17.7M22.2M25.2M26.5M
Total Stockholder Equity74.7M81.9M82.1M83.3M83.7M47.0M
Property Plant And Equipment Net4.1M3.6M5.2M10.4M8.5M8.9M
Net Debt(8.1M)(18.0M)(12.4M)(17.2M)(18.3M)(17.4M)
Retained Earnings7.2M13.4M12.4M13.9M15.8M12.3M
Accounts Payable7.6M7.9M9.4M6.1M10.1M10.6M
Cash11.9M19.5M14.3M21.7M22.4M23.5M
Non Current Assets Total40.6M40.4M40.5M46.8M48.5M28.9M
Non Currrent Assets Other(59.6M)(44.9M)(18.1M)(17.9M)20.4M21.4M
Cash And Short Term Investments11.9M19.5M14.3M21.7M22.4M23.5M
Common Stock Total Equity3.3M3.4M3.4M3.4M3.9M2.0M
Common Stock Shares Outstanding70.3M67.6M67.7M68.6M69.1M44.3M
Liabilities And Stockholders Equity100.0M116.9M113.6M121.3M123.3M129.4M
Non Current Liabilities Total1.7M1.4M1.5M3.6M4.7M4.9M
Inventory17.3M20.5M30.1M22.4M17.0M9.1M
Other Current Assets4.3M6.6M5.3M5.6M5.6M4.6M
Other Stockholder Equity62.7M62.9M63.3M63.3M63.3M32.3M
Total Liab19.5M21.6M19.3M25.8M29.9M31.4M
Property Plant And Equipment Gross4.1M3.6M8.6M14.5M13.2M13.8M
Total Current Assets59.4M76.5M73.1M74.5M74.7M78.5M
Accumulated Other Comprehensive Income1.2M1.9M3.0M2.6M1.2M1.2M
Common Stock3.4M3.4M3.4M3.4M3.4M2.1M
Short Long Term Debt Total3.8M1.5M1.9M4.5M4.0M3.2M
Current Deferred Revenue594K2.2M203K1.1M3K3.2K
Short Term Debt2.4M(1.8M)194K(195K)646K613.7K
Intangible Assets36.0M36.1M34.3M35.6M20.4M21.7M
Net Receivables30.3M29.8M23.4M24.8M29.8M15.8M
Property Plant Equipment3.8M4.1M3.6M5.2M6.0M6.3M
Other Liab1.3M1.6M636K183K210.5K199.9K
Net Tangible Assets43.5M38.3M47.3M47.8M54.9M42.4M
Capital Surpluse58.8M62.7M62.9M63.3M72.7M67.3M
Net Invested Capital81.8M83.4M82.1M83.3M83.7M71.0M

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Other Information on Investing in Eco Stock

Balance Sheet is a snapshot of the financial position of Eco Animal Health at a specified time, usually calculated after every quarter, six months, or one year. Eco Animal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eco Animal 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 Eco currently owns. An asset can also be divided into two categories, current and non-current.