Environmental Clean financial indicator trend analysis is much more than just examining Environmental Clean latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Environmental Clean is a good investment. Please check the relationship between Environmental Clean Net Debt and its Total Assets accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Environmental Clean Technologies. 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.
Net Debt vs Total Assets
Net Debt vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Environmental Clean Net Debt account and
Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Environmental Clean's Net Debt and Total Assets is -0.19. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Environmental Clean Technologies, assuming nothing else is changed. The correlation between historical values of Environmental Clean's Net Debt and Total 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 Net Debt of Environmental Clean Technologies are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Environmental Clean's Net Debt and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Total Assets
Total assets refers to the total amount of Environmental Clean assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Environmental Clean books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Environmental Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Environmental Clean 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 Environmental Clean Technologies. 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.
Issuance Of Capital Stock is likely to gain to about 6.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.7
M in 2024.
Environmental Clean fundamental ratios Correlations
Click cells to compare fundamentals
Environmental Clean Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Environmental Clean fundamental ratios Accounts
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Additional Tools for Environmental Stock Analysis
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