| EBM Stock | | | CAD 0.70 0.05 6.67% |
Eastwood Bio financial indicator trend analysis is much more than just examining Eastwood Bio Medical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastwood Bio Medical is a good investment. Please check the relationship between Eastwood Bio Total Current Assets and its Depreciation And Amortization accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastwood Bio Medical Canada. 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.
Total Current Assets vs Depreciation And Amortization
Total Current Assets vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eastwood Bio Medical Total Current Assets account and
Depreciation And Amortization. At this time, the significance of the direction appears to have pay attention.
The correlation between Eastwood Bio's Total Current Assets and Depreciation And Amortization is -0.92. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Eastwood Bio Medical Canada, assuming nothing else is changed. The correlation between historical values of Eastwood Bio's Total Current Assets and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Eastwood Bio Medical Canada are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Current Assets i.e., Eastwood Bio's Total Current Assets and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.92 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Eastwood Bio's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastwood Bio Medical 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 Eastwood Bio Medical Canada. 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, Eastwood Bio's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 85.3
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.75 in 2024.
Eastwood Bio fundamental ratios Correlations
Click cells to compare fundamentals
Eastwood Bio Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastwood Bio fundamental ratios Accounts
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Additional Tools for Eastwood Stock Analysis
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