Eco Other Current Liab vs Cash And Short Term Investments 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 Other Current Liab and its Cash And Short Term Investments 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.

Other Current Liab vs Cash And Short Term Investments

Other Current Liab vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Atlantic Oil Other Current Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Eco Atlantic's Other Current Liab and Cash And Short Term Investments is -0.06. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash And Short Term Investments 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 Other Current Liab and Cash 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 Other Current Liab of Eco Atlantic Oil are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Liab i.e., Eco Atlantic's Other Current Liab and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Liab

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Eco Atlantic Oil balance sheet. This account contains Eco Atlantic investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Eco Atlantic Oil fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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
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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

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