ECD Current Deferred Revenue vs Cash And Short Term Investments Analysis
ECDAW Stock | 0.02 0.00 0.00% |
ECD Automotive financial indicator trend analysis is much more than just examining ECD Automotive Design latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ECD Automotive Design is a good investment. Please check the relationship between ECD Automotive Current Deferred Revenue and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Current Deferred Revenue vs Cash And Short Term Investments
Current Deferred Revenue vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ECD Automotive Design Current Deferred Revenue account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.
The correlation between ECD Automotive's Current Deferred Revenue and Cash And Short Term Investments is 0.99. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of ECD Automotive Design, assuming nothing else is changed. The correlation between historical values of ECD Automotive's Current Deferred Revenue and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of ECD Automotive Design are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Current Deferred Revenue i.e., ECD Automotive's Current Deferred Revenue and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of ECD Automotive Design balance sheet. This account contains ECD Automotive investments that will expire within one year. These investments include stocks and bonds that can be liquidated by ECD Automotive Design fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from ECD Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ECD Automotive Design 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. Issuance Of Capital Stock is likely to climb to about 100.3 K in 2024, whereas Selling General Administrative is likely to drop slightly above 4.4 M in 2024.
2010 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.6M | 3.8M | 4.2M | 3.9M | Total Revenue | 11.5M | 15.0M | 15.1M | 15.3M |
ECD Automotive fundamental ratios Correlations
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ECD Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running ECD Automotive's price analysis, check to measure ECD Automotive'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 ECD Automotive is operating at the current time. Most of ECD Automotive's value examination focuses on studying past and present price action to predict the probability of ECD Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECD Automotive's price. Additionally, you may evaluate how the addition of ECD Automotive to your portfolios can decrease your overall portfolio volatility.