Electrocore Net Invested Capital vs Net Debt Analysis

ECOR Stock

USD 6.81 0.18 2.58%

Electrocore LLC financial indicator trend analysis is much more than just examining Electrocore LLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electrocore LLC is a good investment. Please check the relationship between Electrocore LLC Net Invested Capital and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrocore LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electrocore LLC Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Electrocore LLC's Net Invested Capital and Net Debt is -0.68. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Electrocore LLC, assuming nothing else is changed. The correlation between historical values of Electrocore LLC's Net Invested Capital and Net Debt 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 Invested Capital of Electrocore LLC are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Invested Capital i.e., Electrocore LLC's Net Invested Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.68

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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.

Most indicators from Electrocore LLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electrocore LLC 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 Electrocore LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.As of 05/21/2024, Selling General Administrative is likely to drop to about 24.1 M. In addition to that, Tax Provision is likely to drop to about (206.8 K)

	2021	2022	2023	2024 (projected)
Gross Profit	4.1M	7.0M	13.2M	13.9M
Total Revenue	5.5M	8.6M	16.0M	16.8M

Gross Profit Total Revenue

Electrocore LLC fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		-0.62	0.69	0.67	0.76	0.32	0.74	0.52	-0.66	0.14	0.09	0.61	0.45	0.42	0.2	-0.84	0.97	0.53	-0.64	-0.28	-0.84	-0.45	0.66	0.69	0.89	-0.67
Short Long Term Debt Total	-0.62		-0.9	-0.79	-0.68	-0.79	-0.71	-0.61	0.85	0.58	0.07	-0.84	-0.46	-0.34	-0.56	0.83	-0.54	-0.87	0.77	0.3	0.83	0.6	-0.82	-0.88	-0.75	0.1
Other Current Liab	0.69	-0.9		0.79	0.53	0.57	0.56	0.46	-0.72	-0.53	-0.17	0.67	0.28	0.19	0.5	-0.87	0.65	0.77	-0.58	-0.02	-0.87	-0.35	0.71	0.83	0.74	-0.23
Total Current Liabilities	0.67	-0.79	0.79		0.72	0.72	0.74	0.85	-0.58	-0.25	0.43	0.54	0.64	0.55	0.55	-0.85	0.5	0.88	-0.78	-0.4	-0.85	-0.62	0.8	0.79	0.77	-0.22
Total Stockholder Equity	0.76	-0.68	0.53	0.72		0.67	1.0	0.71	-0.61	0.09	0.33	0.59	0.68	0.63	0.51	-0.76	0.65	0.77	-0.96	-0.81	-0.76	-0.92	0.9	0.85	0.8	-0.49
Other Liab	0.32	-0.79	0.57	0.72	0.67		0.7	0.79	-0.62	-0.57	0.17	0.65	0.79	0.68	0.78	-0.68	0.15	0.87	-0.84	-0.55	-0.68	-0.76	0.84	0.69	0.39	0.26
Net Tangible Assets	0.74	-0.71	0.56	0.74	1.0	0.7		0.71	-0.61	0.04	0.31	0.59	0.67	0.6	0.55	-0.76	0.64	0.8	-0.97	-0.81	-0.76	-0.93	0.91	0.87	0.8	-0.47
Property Plant And Equipment Net	0.52	-0.61	0.46	0.85	0.71	0.79	0.71		-0.57	-0.11	0.63	0.58	0.89	0.84	0.43	-0.72	0.29	0.8	-0.78	-0.56	-0.72	-0.69	0.76	0.56	0.57	0.02
Net Debt	-0.66	0.85	-0.72	-0.58	-0.61	-0.62	-0.61	-0.57		0.38	0.1	-0.99	-0.49	-0.44	-0.21	0.78	-0.59	-0.7	0.62	0.2	0.78	0.45	-0.71	-0.68	-0.69	0.05
Retained Earnings	0.14	0.58	-0.53	-0.25	0.09	-0.57	0.04	-0.11	0.38		0.48	-0.4	-0.1	0.02	-0.55	0.28	0.15	-0.4	0.13	-0.27	0.28	0.0	-0.25	-0.27	0.07	-0.6
Accounts Payable	0.09	0.07	-0.17	0.43	0.33	0.17	0.31	0.63	0.1	0.48		-0.1	0.44	0.47	-0.07	-0.06	-0.11	0.26	-0.31	-0.54	-0.06	-0.4	0.18	0.06	0.24	-0.13
Cash	0.61	-0.84	0.67	0.54	0.59	0.65	0.59	0.58	-0.99	-0.4	-0.1		0.51	0.45	0.21	-0.74	0.53	0.68	-0.62	-0.22	-0.74	-0.46	0.69	0.63	0.64	0.01
Non Current Assets Total	0.45	-0.46	0.28	0.64	0.68	0.79	0.67	0.89	-0.49	-0.1	0.44	0.51		0.97	0.55	-0.66	0.24	0.64	-0.75	-0.58	-0.66	-0.68	0.73	0.43	0.33	0.13
Non Currrent Assets Other	0.42	-0.34	0.19	0.55	0.63	0.68	0.6	0.84	-0.44	0.02	0.47	0.45	0.97		0.45	-0.61	0.21	0.56	-0.67	-0.56	-0.61	-0.61	0.69	0.35	0.26	0.13
Other Assets	0.2	-0.56	0.5	0.55	0.51	0.78	0.55	0.43	-0.21	-0.55	-0.07	0.21	0.55	0.45		-0.55	0.13	0.63	-0.68	-0.42	-0.55	-0.61	0.69	0.62	0.18	0.12
Long Term Debt	-0.84	0.83	-0.87	-0.85	-0.76	-0.68	-0.76	-0.72	0.78	0.28	-0.06	-0.74	-0.66	-0.61	-0.55		-0.74	-0.82	0.78	0.29	1.0	0.55	-0.89	-0.82	-0.76	0.26
Cash And Short Term Investments	0.97	-0.54	0.65	0.5	0.65	0.15	0.64	0.29	-0.59	0.15	-0.11	0.53	0.24	0.21	0.13	-0.74		0.38	-0.51	-0.15	-0.74	-0.32	0.54	0.62	0.83	-0.75
Net Receivables	0.53	-0.87	0.77	0.88	0.77	0.87	0.8	0.8	-0.7	-0.4	0.26	0.68	0.64	0.56	0.63	-0.82	0.38		-0.87	-0.54	-0.82	-0.76	0.92	0.88	0.68	-0.06
Common Stock Total Equity	-0.64	0.77	-0.58	-0.78	-0.96	-0.84	-0.97	-0.78	0.62	0.13	-0.31	-0.62	-0.75	-0.67	-0.68	0.78	-0.51	-0.87		0.8	0.78	0.95	-0.95	-0.88	-0.71	0.28
Common Stock Shares Outstanding	-0.28	0.3	-0.02	-0.4	-0.81	-0.55	-0.81	-0.56	0.2	-0.27	-0.54	-0.22	-0.58	-0.56	-0.42	0.29	-0.15	-0.54	0.8		0.29	0.94	-0.64	-0.55	-0.41	0.29
Long Term Debt Total	-0.84	0.83	-0.87	-0.85	-0.76	-0.68	-0.76	-0.72	0.78	0.28	-0.06	-0.74	-0.66	-0.61	-0.55	1.0	-0.74	-0.82	0.78	0.29		0.55	-0.89	-0.82	-0.76	0.26
Non Current Liabilities Total	-0.45	0.6	-0.35	-0.62	-0.92	-0.76	-0.93	-0.69	0.45	0.0	-0.4	-0.46	-0.68	-0.61	-0.61	0.55	-0.32	-0.76	0.95	0.94	0.55		-0.84	-0.77	-0.58	0.26
Capital Surpluse	0.66	-0.82	0.71	0.8	0.9	0.84	0.91	0.76	-0.71	-0.25	0.18	0.69	0.73	0.69	0.69	-0.89	0.54	0.92	-0.95	-0.64	-0.89	-0.84		0.91	0.69	-0.2
Inventory	0.69	-0.88	0.83	0.79	0.85	0.69	0.87	0.56	-0.68	-0.27	0.06	0.63	0.43	0.35	0.62	-0.82	0.62	0.88	-0.88	-0.55	-0.82	-0.77	0.91		0.82	-0.41
Other Current Assets	0.89	-0.75	0.74	0.77	0.8	0.39	0.8	0.57	-0.69	0.07	0.24	0.64	0.33	0.26	0.18	-0.76	0.83	0.68	-0.71	-0.41	-0.76	-0.58	0.69	0.82		-0.67
Other Stockholder Equity	-0.67	0.1	-0.23	-0.22	-0.49	0.26	-0.47	0.02	0.05	-0.6	-0.13	0.01	0.13	0.13	0.12	0.26	-0.75	-0.06	0.28	0.29	0.26	0.26	-0.2	-0.41	-0.67

Click cells to compare fundamentals

Electrocore LLC Account Relationship Matchups

Electrocore LLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	36.1M	31.5M	42.8M	24.8M	16.4M	26.5M
Other Current Liab	3.3M	2.8M	3.9M	4.7M	5.6M	4.4M
Total Current Liabilities	9.1M	5.9M	5.5M	7.0M	8.1M	7.3M
Total Stockholder Equity	24.9M	23.6M	36.6M	17.1M	7.4M	7.8M
Net Tangible Assets	23.2M	23.0M	36.1M	16.3M	18.8M	19.7M
Property Plant And Equipment Net	1.8M	761.3K	759.8K	615K	706K	717.2K
Net Debt	(11.5M)	(1.2M)	(33.9M)	(17.0M)	(10.0M)	(10.5M)
Retained Earnings	(83.5M)	(107.0M)	(124.2M)	(146.4M)	(165.2M)	(173.5M)
Accounts Payable	5.2M	2.1M	1.5M	2.1M	2.2M	1.9M
Cash	13.6M	4.2M	34.7M	17.7M	10.6M	14.0M
Non Current Assets Total	8.9M	8.9M	5.3M	3.6M	2.1M	4.1M
Non Currrent Assets Other	7.2M	7.3M	4.1M	3.0M	1.1M	1.0M
Other Assets	635.9K	4.9M	(10.0)	3.5M	4.0M	4.2M
Cash And Short Term Investments	13.6M	22.6M	34.7M	17.7M	10.6M	20.5M
Net Receivables	496.1K	270.5K	438.2K	401K	717K	373.8K
Common Stock Total Equity	40.2M	29.5K	29.8K	45.6K	41.0K	39.0K
Common Stock Shares Outstanding	2.0M	2.6M	3.9M	4.7M	5.5M	5.7M
Liabilities And Stockholders Equity	36.1M	31.5M	42.8M	24.8M	16.4M	26.5M
Non Current Liabilities Total	1.4M	2.0M	699.5K	625K	822K	780.9K
Capital Surpluse	22.6M	103.8M	107.8M	130.2M	149.7M	81.9M
Inventory	891.0K	841.6K	1.4M	2.0M	2.2M	1.3M
Other Current Assets	1.1M	34.8K	1.1M	828K	836K	872.4K
Other Stockholder Equity	108.4M	130.8M	160.8M	163.5M	172.7M	181.3M
Total Liab	10.6M	7.9M	6.2M	7.7M	8.9M	8.5M
Property Plant And Equipment Gross	1.8M	244.0K	759.8K	615K	706K	646.1K
Total Current Assets	26.5M	22.6M	37.5M	21.2M	14.3M	23.4M
Accumulated Other Comprehensive Income	(41.3K)	(251.5K)	12.7K	(69K)	(64K)	(60.8K)
Common Stock	29.8K	45.6K	70.7K	5K	6K	5.7K
Property Plant Equipment	1.8M	244.0K	759.8K	615K	707.3K	627.4K
Net Invested Capital	24.4M	24.6M	36.6M	17.1M	7.4M	13.5M
Net Working Capital	17.4M	19.2M	32.1M	14.1M	6.2M	5.9M
Capital Stock	29.8K	45.6K	70.7K	5K	6K	5.7K

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When determining whether Electrocore LLC is a strong investment it is important to analyze Electrocore LLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Electrocore LLC's future performance. For an informed investment choice regarding Electrocore Stock, refer to the following important reports:

How To Invest In Electrocore

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Is Electrocore Stock a good investment?

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What is Electrocore LLC's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrocore LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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

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Is Electrocore LLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electrocore LLC. If investors know Electrocore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electrocore LLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(3.42)

Revenue Per Share

2.907

Quarterly Revenue Growth

1.028

Return On Assets

(0.58)

Return On Equity

(1.54)

The market value of Electrocore LLC is measured differently than its book value, which is the value of Electrocore that is recorded on the company's balance sheet. Investors also form their own opinion of Electrocore LLC's value that differs from its market value or its book value, called intrinsic value, which is Electrocore LLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electrocore LLC's market value can be influenced by many factors that don't directly affect Electrocore LLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Electrocore LLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrocore LLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrocore LLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Electrocore Net Invested Capital vs Net Debt Analysis

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Debt

Electrocore LLC fundamental ratios Correlations

Electrocore LLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Electrocore LLC fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Long Term Debt Total	+ 1.0	Long Term Debt
Cash And Short Term Investments	+ 0.97	Total Assets
Non Currrent Assets Other	+ 0.97	Non Current Assets Total
Non Current Liabilities Total	+ 0.95	Common Stock Total Equity
Non Current Liabilities Total	+ 0.94	Common Stock Shares Outstanding

Cash	- 0.99	Net Debt
Common Stock Total Equity	- 0.97	Net Tangible Assets
Common Stock Total Equity	- 0.96	Total Stockholder Equity
Capital Surpluse	- 0.95	Common Stock Total Equity
Non Current Liabilities Total	- 0.93	Net Tangible Assets
Non Current Liabilities Total	- 0.92	Total Stockholder Equity