Eco Retained Earnings vs Other 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 Retained Earnings and its Other 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.
Retained Earnings vs Other Stockholder Equity
Retained Earnings vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Atlantic Oil Retained Earnings account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Eco Atlantic's Retained Earnings and Other Stockholder Equity is -0.66. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other 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 Retained Earnings and Other 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 Retained Earnings of Eco Atlantic Oil are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Retained Earnings i.e., Eco Atlantic's Retained Earnings and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Other Stockholder Equity
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
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Eco Atlantic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eco Atlantic fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 19.9M | 16.9M | 45.9M | 55.6M | 31.3M | 16.7M | |
Total Current Liabilities | 350.4K | 621.2K | 5.6M | 5.0M | 1.2M | 1.4M | |
Total Stockholder Equity | 19.5M | 16.0M | 40.2M | 50.7M | 30.0M | 15.3M | |
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 Payable | 350.4K | 501.0K | 1.9M | 4.3M | 1.0M | 1.1M | |
Cash | 18.7M | 11.8M | 3.4M | 4.1M | 3.0M | 2.8M | |
Cash And Short Term Investments | 18.7M | 13.4M | 3.5M | 4.1M | 3.0M | 2.8M | |
Common Stock Shares Outstanding | 182.8M | 184.7M | 202.7M | 366.0M | 369.3M | 387.8M | |
Liabilities And Stockholders Equity | 19.9M | 16.9M | 45.9M | 55.6M | 31.3M | 16.7M | |
Other Current Assets | 64.7K | 243.4K | 2.1M | 646.3K | 67.1K | 63.7K | |
Other Stockholder Equity | 2.4M | 2.7M | 29.5M | 17.6M | 17.7M | 18.6M | |
Total Liab | 350.4K | 947.1K | 5.6M | 5.0M | 1.2M | 1.4M | |
Total Current Assets | 18.8M | 13.6M | 5.8M | 6.2M | 3.1M | 2.9M | |
Accumulated Other Comprehensive Income | 251.4K | (930.4K) | (1.0M) | (538.1K) | (647.8K) | (615.4K) | |
Common Stock | 55.6M | 59.1M | 63.1M | 121.6M | 122.1M | 128.2M | |
Non Current Assets Total | 1.1M | 3.3M | 40.0M | 49.5M | 28.2M | 29.6M | |
Net Receivables | 65.6K | 262.8K | 285.4K | 2.0M | 115.1K | 109.3K | |
Short Term Investments | 52.8K | 1.6M | 52.6K | 13.1K | 15.1K | 14.3K | |
Intangible Assets | 1.1M | 2.5M | 30.8M | 40.9M | 28.2M | 29.6M | |
Current Deferred Revenue | 521.5K | 423.5K | 122.1K | 387.8K | 110.9K | 105.4K | |
Net Tangible Assets | 25.1M | 19.6M | 16.0M | 40.2M | 46.3M | 48.6M | |
Property Plant Equipment | 1.1M | 1.4M | 30.8M | 40.9M | 47.0M | 49.3M | |
Short Term Debt | 0.28 | 1.0 | 23.0K | (387.8K) | (110.9K) | (105.4K) | |
Net Invested Capital | 19.5M | 16.0M | 40.2M | 50.7M | 30.0M | 29.5M | |
Net Working Capital | 18.5M | 13.0M | 191.7K | 1.2M | 1.8M | 1.8M | |
Capital Stock | 55.6M | 59.1M | 63.1M | 121.6M | 122.1M | 84.1M |
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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.