Electrocore Short Long Term Debt Total vs Total Assets Analysis
ECOR Stock | USD 6.45 0.14 2.22% |
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 Short Long Term Debt Total and its Total Assets 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.
Short Long Term Debt Total vs Total Assets
Short Long Term Debt Total vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electrocore LLC Short Long Term Debt Total account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Electrocore LLC's Short Long Term Debt Total and Total Assets is -0.62. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Total Assets 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 Short Long Term Debt Total and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Electrocore LLC are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Long Term Debt Total i.e., Electrocore LLC's Short Long Term Debt Total and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Short Long Term Debt Total
Total Assets
Total assets refers to the total amount of Electrocore LLC assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Electrocore LLC books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.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 06/04/2024, 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 |
Electrocore LLC fundamental ratios Correlations
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Electrocore LLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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