Eco Other Current Assets vs Accounts Payable Analysis

ECO Stock   11.00  0.35  3.08%   
Eco Oil financial indicator trend analysis is much more than just examining Eco Oil Gas latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eco Oil Gas is a good investment. Please check the relationship between Eco Oil Other Current Assets and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eco Oil Gas. 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.

Other Current Assets vs Accounts Payable

Other Current Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Oil Gas Other Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Eco Oil's Other Current Assets and Accounts Payable is 0.19. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Eco Oil Gas, assuming nothing else is changed. The correlation between historical values of Eco Oil's Other Current Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Eco Oil Gas are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Other Current Assets i.e., Eco Oil's Other Current Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.19
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Accounts Payable

An accounting item on the balance sheet that represents Eco Oil obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Eco Oil Gas are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Eco Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eco Oil Gas 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 Oil Gas. 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 Oil's Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 35.7 M, whereas Tax Provision is projected to grow to (509.9 K).

Eco Oil fundamental ratios Correlations

0.791.00.0-0.810.770.0-0.010.85-0.150.470.720.80.090.7-0.240.86-0.110.94-0.070.020.5-0.11-0.07-0.20.71
0.790.750.22-0.460.85-0.22-0.230.490.410.610.631.0-0.110.61-0.430.49-0.330.81-0.23-0.220.62-0.33-0.18-0.310.6
1.00.75-0.03-0.830.730.030.020.87-0.220.440.710.750.110.69-0.210.88-0.080.93-0.050.050.48-0.08-0.06-0.170.7
0.00.22-0.03-0.060.27-1.0-1.0-0.090.090.20.350.21-0.990.04-0.84-0.02-0.750.34-0.43-0.580.16-0.75-0.210.10.5
-0.81-0.46-0.83-0.06-0.570.060.06-0.980.28-0.15-0.52-0.470.01-0.390.16-0.990.02-0.79-0.02-0.15-0.350.02-0.050.26-0.64
0.770.850.730.27-0.57-0.27-0.270.590.240.190.480.85-0.180.25-0.410.62-0.350.8-0.2-0.190.85-0.35-0.16-0.270.62
0.0-0.220.03-1.00.06-0.271.00.09-0.09-0.2-0.36-0.210.99-0.040.850.020.75-0.340.430.59-0.160.750.23-0.1-0.5
-0.01-0.230.02-1.00.06-0.271.00.09-0.1-0.19-0.36-0.210.99-0.040.870.030.76-0.350.440.62-0.170.760.29-0.09-0.51
0.850.490.87-0.09-0.980.590.090.09-0.260.130.490.50.150.39-0.060.990.080.780.060.170.40.080.04-0.290.57
-0.150.41-0.220.090.280.24-0.09-0.1-0.260.19-0.120.4-0.06-0.17-0.1-0.32-0.18-0.13-0.1-0.210.23-0.18-0.14-0.3-0.26
0.470.610.440.2-0.150.19-0.2-0.190.130.190.720.62-0.110.87-0.250.13-0.210.5-0.13-0.06-0.11-0.21-0.02-0.080.36
0.720.630.710.35-0.520.48-0.36-0.360.49-0.120.720.63-0.290.73-0.530.53-0.460.8-0.26-0.260.12-0.46-0.21-0.020.63
0.81.00.750.21-0.470.85-0.21-0.210.50.40.620.63-0.10.62-0.40.5-0.310.81-0.22-0.190.62-0.31-0.13-0.320.6
0.09-0.110.11-0.990.01-0.180.990.990.15-0.06-0.11-0.29-0.10.040.840.080.76-0.250.440.61-0.080.760.28-0.13-0.45
0.70.610.690.04-0.390.25-0.04-0.040.39-0.170.870.730.620.04-0.230.41-0.090.66-0.10.0-0.02-0.09-0.03-0.060.57
-0.24-0.43-0.21-0.840.16-0.410.850.87-0.06-0.1-0.25-0.53-0.40.84-0.23-0.110.82-0.520.530.81-0.230.820.58-0.07-0.66
0.860.490.88-0.02-0.990.620.020.030.99-0.320.130.530.50.080.41-0.110.010.810.030.180.410.010.06-0.240.64
-0.11-0.33-0.08-0.750.02-0.350.750.760.08-0.18-0.21-0.46-0.310.76-0.090.820.01-0.360.60.55-0.041.00.34-0.33-0.46
0.940.810.930.34-0.790.8-0.34-0.350.78-0.130.50.80.81-0.250.66-0.520.81-0.36-0.22-0.190.52-0.36-0.16-0.140.84
-0.07-0.23-0.05-0.43-0.02-0.20.430.440.06-0.1-0.13-0.26-0.220.44-0.10.530.030.6-0.220.330.040.60.2-0.2-0.27
0.02-0.220.05-0.58-0.15-0.190.590.620.17-0.21-0.06-0.26-0.190.610.00.810.180.55-0.190.33-0.180.550.66-0.06-0.24
0.50.620.480.16-0.350.85-0.16-0.170.40.23-0.110.120.62-0.08-0.02-0.230.41-0.040.520.04-0.18-0.04-0.13-0.340.36
-0.11-0.33-0.08-0.750.02-0.350.750.760.08-0.18-0.21-0.46-0.310.76-0.090.820.011.0-0.360.60.55-0.040.34-0.33-0.46
-0.07-0.18-0.06-0.21-0.05-0.160.230.290.04-0.14-0.02-0.21-0.130.28-0.030.580.060.34-0.160.20.66-0.130.340.07-0.23
-0.2-0.31-0.170.10.26-0.27-0.1-0.09-0.29-0.3-0.08-0.02-0.32-0.13-0.06-0.07-0.24-0.33-0.14-0.2-0.06-0.34-0.330.07-0.19
0.710.60.70.5-0.640.62-0.5-0.510.57-0.260.360.630.6-0.450.57-0.660.64-0.460.84-0.27-0.240.36-0.46-0.23-0.19
Click cells to compare fundamentals

Eco Oil Account Relationship Matchups

Eco Oil fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets19.9M16.9M45.9M55.6M31.3M1.1M
Total Current Liabilities350.4K621.2K5.6M5.0M1.2M38.8K
Total Stockholder Equity19.5M16.0M40.2M50.7M30.0M1.0M
Net Debt(18.7M)(11.5M)(3.4M)(4.1M)(3.0M)(1.0M)
Retained Earnings(38.7M)(44.8M)(51.4M)(88.0M)(109.1M)(965.6K)
Accounts Payable350.4K501.0K1.8M4.3M1.0M45.5K
Cash18.7M11.8M3.4M4.1M3.0M1.0M
Cash And Short Term Investments18.7M13.4M3.5M4.1M3.0M1.0M
Common Stock Shares Outstanding182.8M184.7M202.7M349.6M369.3M5.0M
Liabilities And Stockholders Equity19.9M16.9M45.9M55.6M31.3M1.1M
Non Current Liabilities Total740.7K350.4K325.9K1.9M0.045.5K
Other Current Assets45.6K193.7K2.1M15.0K17.3K16.4K
Other Stockholder Equity2.4M2.7M29.5M17.6M17.7M2.0M
Total Liab350.4K947.1K5.6M5.0M1.2M38.8K
Total Current Assets18.8M13.6M5.8M6.2M3.1M1.1M
Accumulated Other Comprehensive Income251.4K(930.4K)(1.0M)(538.1K)(647.8K)(455.93)
Common Stock Total Equity37.5M55.6M59.1M1.3M1.5M1.4M
Common Stock55.6M59.1M63.1M121.6M122.1M1.3M
Non Current Assets Total1.1M3.3M40.0M49.5M28.2M5.6K
Net Receivables65.6K262.8K285.4K2.0M115.1K28.2K
Short Term Investments52.8K1.6M52.6K13.1K15.1K14.3K
Short Term Debt0.281.052.8K23.0K20.7K19.7K
Intangible Assets1.1M2.5M30.8M40.9M28.2M29.6M
Net Tangible Assets25.1M27.7M14.6M40.2M46.3M48.6M
Net Invested Capital19.5M16.0M40.2M50.7M30.0M29.5M
Net Working Capital18.5M13.0M191.7K1.2M1.8M1.8M
Capital Stock55.6M59.1M63.1M121.6M122.1M84.1M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Eco Stock

Balance Sheet is a snapshot of the financial position of Eco Oil Gas at a specified time, usually calculated after every quarter, six months, or one year. Eco Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eco Oil 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.