Eastside Current Deferred Revenue vs Total Current Liabilities Analysis
EAST Stock | USD 0.95 0.01 1.06% |
Eastside Distilling financial indicator trend analysis is much more than just examining Eastside Distilling latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastside Distilling is a good investment. Please check the relationship between Eastside Distilling Current Deferred Revenue and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastside Distilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For more information on how to buy Eastside Stock please use our How to Invest in Eastside Distilling guide.
Current Deferred Revenue vs Total Current Liabilities
Current Deferred Revenue vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastside Distilling Current Deferred Revenue account and Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Eastside Distilling's Current Deferred Revenue and Total Current Liabilities is 0.21. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Eastside Distilling, assuming nothing else is changed. The correlation between historical values of Eastside Distilling's Current Deferred Revenue and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Eastside Distilling are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Current Deferred Revenue i.e., Eastside Distilling's Current Deferred Revenue and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.21 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Total Current Liabilities
Total Current Liabilities is an item on Eastside Distilling balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Eastside Distilling are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Eastside Distilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastside Distilling 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 Eastside Distilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For more information on how to buy Eastside Stock please use our How to Invest in Eastside Distilling guide.At this time, Eastside Distilling's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 4.7 M in 2024, whereas Enterprise Value Multiple is likely to drop (4.08) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 9.4M | 9.0M | 4.9M | 7.0M | Cost Of Revenue | 9.5M | 11.4M | 10.8M | 11.3M |
Eastside Distilling fundamental ratios Correlations
Click cells to compare fundamentals
Eastside Distilling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastside Distilling fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 35.9M | 31.7M | 33.6M | 21.5M | 17.5M | 15.3M | |
Short Long Term Debt Total | 9.2M | 13.3M | 18.1M | 19.0M | 13.9M | 7.0M | |
Other Current Liab | 896.1K | 17.6M | 833K | 2.2M | 575K | 546.3K | |
Total Current Liabilities | 6.1M | 30.3M | 9.5M | 13.0M | 4.2M | 6.0M | |
Total Stockholder Equity | 7.3M | (1.1M) | 13.4M | (1.5M) | 853K | 810.4K | |
Current Deferred Revenue | 1.7K | 1.7K | 23K | 18K | 88K | 92.4K | |
Net Debt | 8.9M | 12.4M | 14.8M | 18.3M | 13.5M | 14.2M | |
Retained Earnings | (44.2M) | (54.1M) | (58.6M) | (75.0M) | (82.7M) | (78.6M) | |
Accounts Payable | 2.9M | 1.9M | 1.3M | 1.7M | 2.1M | 1.3M | |
Cash | 343.3K | 836K | 3.3M | 723K | 403K | 382.9K | |
Cash And Short Term Investments | 343.3K | 836K | 3.3M | 723K | 403K | 382.9K | |
Net Receivables | 1.3M | 694K | 1.4M | 876K | 559K | 633.1K | |
Common Stock Total Equity | 489.0 | 876.0 | 967.0 | 1K | 900.0 | 1.5K | |
Common Stock Shares Outstanding | 463.8K | 501.3K | 635.4K | 766.9K | 1.1M | 1.1M | |
Liabilities And Stockholders Equity | 35.9M | 31.7M | 33.6M | 21.5M | 17.5M | 15.3M | |
Other Current Assets | 407.5K | 750K | 2.9M | 579K | 363K | 691.6K | |
Other Stockholder Equity | 51.6M | 53.0M | 72.0M | 73.5M | 83.6M | 87.7M | |
Total Liab | 28.5M | 32.8M | 20.2M | 23.0M | 16.6M | 11.6M | |
Total Current Assets | 14.5M | 12.8M | 14.1M | 6.6M | 4.5M | 7.5M | |
Common Stock | 876.0 | 967.0 | 1K | 2K | 1.8K | 1.5K | |
Non Current Assets Total | 21.4M | 18.9M | 19.5M | 14.9M | 12.9M | 9.2M | |
Non Currrent Assets Other | 1.2M | 474K | 457K | 369K | 516K | 328.2K | |
Non Current Liabilities Total | 22.4M | 2.6M | 10.7M | 10.0M | 12.4M | 13.0M | |
Net Tangible Assets | 18.4M | (7.4M) | (15.1M) | (225K) | (202.5K) | (192.4K) | |
Other Assets | 496.3K | 1.2M | 1.7M | 457K | 525.6K | 509.6K | |
Long Term Debt | 6.6M | 1.7M | 8.2M | 7.8M | 10.6M | 11.1M | |
Capital Surpluse | 23.2M | 45.9M | 51.6M | 53.0M | 60.9M | 64.0M | |
Inventory | 12.4M | 6.7M | 6.5M | 4.4M | 3.2M | 5.0M | |
Deferred Long Term Liab | 467.0K | 672.9K | 228K | 171K | 196.7K | 223.0K | |
Intangible Assets | 14.7M | 14.0M | 13.8M | 5.9M | 5.1M | 5.5M | |
Property Plant Equipment | 1.8M | 5.5M | 4.4M | 5.4M | 6.2M | 6.5M | |
Property Plant And Equipment Net | 5.5M | 4.4M | 5.4M | 8.7M | 7.4M | 3.8M | |
Long Term Debt Total | 2.2M | 5.2M | 6.6M | 1.7M | 1.9M | 2.5M | |
Property Plant And Equipment Gross | 5.5M | 3.1M | 5.4M | 8.7M | 12.0M | 12.6M |
Pair Trading with Eastside Distilling
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eastside Distilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eastside Distilling will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Eastside Distilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastside Distilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eastside Distilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eastside Distilling to buy it.
The correlation of Eastside Distilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastside Distilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastside Distilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eastside Distilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Eastside Stock Analysis
When running Eastside Distilling's price analysis, check to measure Eastside Distilling'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 Eastside Distilling is operating at the current time. Most of Eastside Distilling's value examination focuses on studying past and present price action to predict the probability of Eastside Distilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastside Distilling's price. Additionally, you may evaluate how the addition of Eastside Distilling to your portfolios can decrease your overall portfolio volatility.