ECD Depreciation And Amortization vs Total Current Assets 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 Depreciation And Amortization and its Total Current Assets 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.

Depreciation And Amortization vs Total Current Assets

Depreciation And Amortization vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ECD Automotive Design Depreciation And Amortization account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ECD Automotive's Depreciation And Amortization and Total Current Assets is 0.95. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Current Assets 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 Depreciation And Amortization and Total Current Assets 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 And Amortization of ECD Automotive Design are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Depreciation And Amortization i.e., ECD Automotive's Depreciation And Amortization and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

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.
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 Profit2.6M3.8M4.2M3.9M
Total Revenue11.5M15.0M15.1M15.3M

ECD Automotive fundamental ratios Correlations

1.00.240.98-0.920.860.970.94-0.930.990.990.89-0.160.90.99-0.92-0.880.940.95-0.151.00.90.870.970.96-0.86
1.00.210.98-0.910.880.960.93-0.910.990.990.9-0.190.880.99-0.92-0.860.930.94-0.181.00.880.880.960.96-0.87
0.240.210.4-0.5-0.230.460.23-0.50.120.36-0.180.910.510.36-0.05-0.510.310.510.910.30.54-0.220.450.460.16
0.980.980.4-0.950.761.00.91-0.950.951.00.80.010.921.0-0.86-0.90.920.990.030.990.930.771.00.99-0.77
-0.92-0.91-0.5-0.95-0.73-0.95-0.961.0-0.9-0.94-0.75-0.09-1.0-0.940.890.99-0.98-0.92-0.11-0.93-1.0-0.73-0.93-0.930.77
0.860.88-0.230.76-0.730.720.89-0.730.930.791.0-0.610.710.79-0.95-0.70.840.65-0.60.830.691.00.720.7-0.99
0.970.960.461.0-0.950.720.89-0.950.930.990.760.080.930.99-0.84-0.90.910.990.090.990.930.731.01.0-0.73
0.940.930.230.91-0.960.890.89-0.960.950.910.9-0.20.950.91-0.98-0.951.00.84-0.180.930.950.890.880.86-0.92
-0.93-0.91-0.5-0.951.0-0.73-0.95-0.96-0.9-0.94-0.76-0.09-1.0-0.940.890.99-0.98-0.92-0.11-0.93-1.0-0.73-0.93-0.930.77
0.990.990.120.95-0.90.930.930.95-0.90.960.94-0.290.880.96-0.96-0.860.940.89-0.270.980.870.930.930.92-0.93
0.990.990.361.0-0.940.790.990.91-0.940.960.82-0.030.911.0-0.87-0.890.920.98-0.011.00.920.790.990.99-0.79
0.890.9-0.180.8-0.751.00.760.9-0.760.940.82-0.570.740.82-0.96-0.730.860.69-0.560.860.721.00.750.73-0.99
-0.16-0.190.910.01-0.09-0.610.08-0.2-0.09-0.29-0.03-0.570.1-0.030.38-0.1-0.110.151.0-0.10.13-0.60.070.10.56
0.90.880.510.92-1.00.710.930.95-1.00.880.910.740.10.91-0.88-1.00.980.890.120.911.00.720.910.9-0.76
0.990.990.361.0-0.940.790.990.91-0.940.961.00.82-0.030.91-0.87-0.890.920.98-0.011.00.920.790.990.99-0.79
-0.92-0.92-0.05-0.860.89-0.95-0.84-0.980.89-0.96-0.87-0.960.38-0.88-0.870.88-0.96-0.770.36-0.9-0.87-0.96-0.82-0.810.98
-0.88-0.86-0.51-0.90.99-0.7-0.9-0.950.99-0.86-0.89-0.73-0.1-1.0-0.890.88-0.97-0.86-0.12-0.88-1.0-0.71-0.88-0.870.76
0.940.930.310.92-0.980.840.911.0-0.980.940.920.86-0.110.980.92-0.96-0.970.86-0.10.930.970.850.890.88-0.88
0.950.940.510.99-0.920.650.990.84-0.920.890.980.690.150.890.98-0.77-0.860.860.160.970.90.661.01.0-0.66
-0.15-0.180.910.03-0.11-0.60.09-0.18-0.11-0.27-0.01-0.561.00.12-0.010.36-0.12-0.10.16-0.080.15-0.590.090.110.55
1.01.00.30.99-0.930.830.990.93-0.930.981.00.86-0.10.911.0-0.9-0.880.930.97-0.080.910.830.980.98-0.83
0.90.880.540.93-1.00.690.930.95-1.00.870.920.720.131.00.92-0.87-1.00.970.90.150.910.70.920.91-0.74
0.870.88-0.220.77-0.731.00.730.89-0.730.930.791.0-0.60.720.79-0.96-0.710.850.66-0.590.830.70.730.71-0.99
0.970.960.451.0-0.930.721.00.88-0.930.930.990.750.070.910.99-0.82-0.880.891.00.090.980.920.731.0-0.72
0.960.960.460.99-0.930.71.00.86-0.930.920.990.730.10.90.99-0.81-0.870.881.00.110.980.910.711.0-0.7
-0.86-0.870.16-0.770.77-0.99-0.73-0.920.77-0.93-0.79-0.990.56-0.76-0.790.980.76-0.88-0.660.55-0.83-0.74-0.99-0.72-0.7
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ECD Automotive Account Relationship Matchups

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