Eco Common Stock vs Total Stockholder Equity Analysis

EOG Stock  CAD 0.19  0.01  5.56%   
Eco Atlantic financial indicator trend analysis is much more than just examining Eco Atlantic Oil latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eco Atlantic Oil is a good investment. Please check the relationship between Eco Atlantic Common Stock and its Total Stockholder Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eco Atlantic Oil. 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.

Common Stock vs Total Stockholder Equity

Common Stock vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Atlantic Oil Common Stock account and Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Eco Atlantic's Common Stock and Total Stockholder Equity is 0.74. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Eco Atlantic Oil, assuming nothing else is changed. The correlation between historical values of Eco Atlantic's Common Stock and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Eco Atlantic Oil are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Common Stock i.e., Eco Atlantic's Common Stock and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Eco Atlantic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eco Atlantic Oil 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 Atlantic Oil. 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.
At this time, Eco Atlantic's Discontinued Operations is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 818.13 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 M in 2024.

Eco Atlantic fundamental ratios Correlations

0.791.00.02-0.680.77-0.02-0.020.73-0.170.690.740.790.070.70.73-0.140.890.690.490.32-0.09-0.890.84-0.220.78
0.790.740.23-0.370.87-0.23-0.240.410.40.770.641.0-0.120.610.4-0.360.760.380.610.05-0.2-0.830.690.310.52
1.00.74-0.01-0.70.740.010.010.74-0.230.660.730.740.10.690.74-0.110.880.710.460.35-0.08-0.870.83-0.280.79
0.020.23-0.01-0.170.29-1.0-1.00.050.10.220.370.22-0.990.060.1-0.770.390.010.14-0.61-0.21-0.20.430.090.08
-0.68-0.37-0.7-0.17-0.490.180.18-0.980.37-0.23-0.66-0.380.15-0.33-0.990.16-0.8-0.88-0.2-0.260.040.47-0.850.34-0.93
0.770.870.740.29-0.49-0.29-0.290.540.230.470.50.87-0.20.290.54-0.390.780.410.82-0.03-0.18-0.760.740.290.5
-0.02-0.230.01-1.00.18-0.291.0-0.05-0.1-0.22-0.38-0.220.99-0.06-0.110.77-0.4-0.01-0.140.60.230.2-0.44-0.09-0.09
-0.02-0.240.01-1.00.18-0.291.0-0.05-0.1-0.21-0.38-0.230.99-0.06-0.10.78-0.40.01-0.150.590.290.19-0.44-0.1-0.09
0.730.410.740.05-0.980.54-0.05-0.05-0.350.230.630.42-0.020.330.99-0.080.80.860.260.36-0.05-0.50.83-0.310.94
-0.170.4-0.230.10.370.23-0.1-0.1-0.350.13-0.180.4-0.06-0.17-0.4-0.18-0.18-0.380.25-0.21-0.120.06-0.230.95-0.3
0.690.770.660.22-0.230.47-0.22-0.210.230.130.750.78-0.110.890.24-0.230.650.410.150.04-0.03-0.840.56-0.10.43
0.740.640.730.37-0.660.5-0.38-0.380.63-0.180.750.63-0.320.760.66-0.450.860.630.10.06-0.22-0.690.85-0.320.77
0.791.00.740.22-0.380.87-0.22-0.230.420.40.780.63-0.110.620.41-0.350.760.40.610.05-0.15-0.850.690.310.52
0.07-0.120.1-0.990.15-0.20.990.99-0.02-0.06-0.11-0.32-0.110.02-0.070.77-0.330.04-0.060.610.270.08-0.38-0.07-0.05
0.70.610.690.06-0.330.29-0.06-0.060.33-0.170.890.760.620.020.35-0.120.640.49-0.030.23-0.06-0.760.58-0.40.58
0.730.40.740.1-0.990.54-0.11-0.10.99-0.40.240.660.41-0.070.35-0.130.820.880.250.3-0.03-0.520.86-0.360.93
-0.14-0.36-0.11-0.770.16-0.390.770.78-0.08-0.18-0.23-0.45-0.350.77-0.12-0.13-0.44-0.04-0.040.570.340.2-0.47-0.18-0.15
0.890.760.880.39-0.80.78-0.4-0.40.8-0.180.650.860.76-0.330.640.82-0.440.720.430.1-0.2-0.830.99-0.220.85
0.690.380.710.01-0.880.41-0.010.010.86-0.380.410.630.40.040.490.88-0.040.720.070.160.21-0.590.74-0.410.83
0.490.610.460.14-0.20.82-0.14-0.150.260.250.150.10.61-0.06-0.030.25-0.040.430.070.02-0.13-0.510.380.380.15
0.320.050.35-0.61-0.26-0.030.60.590.36-0.210.040.060.050.610.230.30.570.10.160.02-0.01-0.10.08-0.240.41
-0.09-0.2-0.08-0.210.04-0.180.230.29-0.05-0.12-0.03-0.22-0.150.27-0.06-0.030.34-0.20.21-0.13-0.01-0.11-0.23-0.17-0.17
-0.89-0.83-0.87-0.20.47-0.760.20.19-0.50.06-0.84-0.69-0.850.08-0.76-0.520.2-0.83-0.59-0.51-0.1-0.11-0.750.17-0.57
0.840.690.830.43-0.850.74-0.44-0.440.83-0.230.560.850.69-0.380.580.86-0.470.990.740.380.08-0.23-0.75-0.250.88
-0.220.31-0.280.090.340.29-0.09-0.1-0.310.95-0.1-0.320.31-0.07-0.4-0.36-0.18-0.22-0.410.38-0.24-0.170.17-0.25-0.34
0.780.520.790.08-0.930.5-0.09-0.090.94-0.30.430.770.52-0.050.580.93-0.150.850.830.150.41-0.17-0.570.88-0.34
Click cells to compare fundamentals

Eco Atlantic Account Relationship Matchups

Eco Atlantic fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets19.9M16.9M45.9M55.6M31.3M16.7M
Total Current Liabilities350.4K621.2K5.6M5.0M1.2M1.4M
Total Stockholder Equity19.5M16.0M40.2M50.7M30.0M15.3M
Net Debt(18.7M)(11.5M)(3.4M)(4.1M)(3.0M)(3.1M)
Retained Earnings(38.7M)(44.8M)(51.4M)(88.0M)(109.1M)(103.6M)
Accounts Payable350.4K501.0K1.9M4.3M1.0M1.1M
Cash18.7M11.8M3.4M4.1M3.0M2.8M
Cash And Short Term Investments18.7M13.4M3.5M4.1M3.0M2.8M
Common Stock Shares Outstanding182.8M184.7M202.7M366.0M369.3M387.8M
Liabilities And Stockholders Equity19.9M16.9M45.9M55.6M31.3M16.7M
Other Current Assets64.7K243.4K2.1M646.3K67.1K63.7K
Other Stockholder Equity2.4M2.7M29.5M17.6M17.7M18.6M
Total Liab350.4K947.1K5.6M5.0M1.2M1.4M
Total Current Assets18.8M13.6M5.8M6.2M3.1M2.9M
Accumulated Other Comprehensive Income251.4K(930.4K)(1.0M)(538.1K)(647.8K)(615.4K)
Common Stock55.6M59.1M63.1M121.6M122.1M128.2M
Non Current Assets Total1.1M3.3M40.0M49.5M28.2M29.6M
Net Receivables65.6K262.8K285.4K2.0M115.1K109.3K
Short Term Investments52.8K1.6M52.6K13.1K15.1K14.3K
Intangible Assets1.1M2.5M30.8M40.9M28.2M29.6M
Current Deferred Revenue521.5K423.5K122.1K387.8K110.9K105.4K
Net Tangible Assets25.1M19.6M16.0M40.2M46.3M48.6M
Property Plant Equipment1.1M1.4M30.8M40.9M47.0M49.3M
Short Term Debt0.281.023.0K(387.8K)(110.9K)(105.4K)
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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Additional Tools for Eco Stock Analysis

When running Eco Atlantic's price analysis, check to measure Eco Atlantic'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 Eco Atlantic is operating at the current time. Most of Eco Atlantic's value examination focuses on studying past and present price action to predict the probability of Eco Atlantic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eco Atlantic's price. Additionally, you may evaluate how the addition of Eco Atlantic to your portfolios can decrease your overall portfolio volatility.