Eco Total Current Assets vs Short Term Investments 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 Total Current Assets and its Short Term Investments 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.

Total Current Assets vs Short Term Investments

Total Current Assets vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Oil Gas Total Current Assets account and Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Eco Oil's Total Current Assets and Short Term Investments is 0.28. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Short Term Investments 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 Total Current Assets 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 Total Current Assets of Eco Oil Gas are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Current Assets i.e., Eco Oil's Total Current Assets and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.28
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Short Term Investments

Short Term Investments is an item under the current assets section of Eco Oil balance sheet. It contains any investments Eco Oil Gas undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Eco Oil Gas can easily liquidate in the marketplace.
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
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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

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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.