Eastern Intangible Assets vs Total Current Assets Analysis
EML Stock | USD 27.00 0.64 2.32% |
Eastern financial indicator trend analysis is much more than just examining Eastern latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastern is a good investment. Please check the relationship between Eastern Intangible Assets and its Total Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Intangible Assets vs Total Current Assets
Intangible Assets vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastern Intangible Assets account and Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Eastern's Intangible Assets and Total Current Assets is 0.53. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Eastern Co, assuming nothing else is changed. The correlation between historical values of Eastern's Intangible Assets and Total Current 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 Intangible Assets of Eastern Co are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Intangible Assets i.e., Eastern's Intangible Assets and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Eastern's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastern 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 Eastern Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. At this time, Eastern's Tax Provision is quite stable compared to the past year. Discontinued Operations is expected to rise to about 1.5 M this year, although the value of Sales General And Administrative To Revenue will most likely fall to 0.03.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.7M | 2.3M | 3.5M | 3.7M | Depreciation And Amortization | 10.6M | 10.4M | 7.5M | 4.5M |
Eastern fundamental ratios Correlations
Click cells to compare fundamentals
Eastern Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastern fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 280.7M | 275.5M | 266.3M | 261.5M | 252.0M | 264.6M | |
Short Long Term Debt Total | 111.1M | 101.5M | 82.6M | 76.4M | 62.1M | 65.2M | |
Other Current Liab | 6.8M | 7.8M | 581.0K | 7.3M | 9.9M | 5.0M | |
Total Current Liabilities | 31.9M | 40.7M | 49.6M | 47.0M | 42.7M | 44.9M | |
Total Stockholder Equity | 105.4M | 104.3M | 114.6M | 126.6M | 132.5M | 139.1M | |
Property Plant And Equipment Net | 54.4M | 52.7M | 39.4M | 38.3M | 45.5M | 26.2M | |
Net Debt | 93.1M | 85.4M | 76.4M | 66.2M | 53.8M | 56.5M | |
Retained Earnings | 120.2M | 122.8M | 129.4M | 139.0M | 144.8M | 152.0M | |
Cash | 18.0M | 16.1M | 6.2M | 10.2M | 8.3M | 9.2M | |
Non Current Assets Total | 165.7M | 163.8M | 142.7M | 136.2M | 139.8M | 146.8M | |
Non Currrent Assets Other | (5.3B) | 1.7M | 2.7M | 2.3M | (986.5B) | (937.2B) | |
Cash And Short Term Investments | 18.0M | 16.1M | 6.2M | 10.2M | 9.3M | 9.2M | |
Net Receivables | 37.9M | 38.1M | 44.2M | 43.9M | 37.6M | 39.5M | |
Common Stock Shares Outstanding | 6.3M | 6.3M | 6.3M | 6.2M | 6.3M | 4.9M | |
Liabilities And Stockholders Equity | 280.7M | 275.5M | 266.3M | 261.5M | 252.0M | 264.6M | |
Non Current Liabilities Total | 143.3M | 130.6M | 102.2M | 87.9M | 76.8M | 80.7M | |
Inventory | 54.6M | 53.1M | 62.9M | 64.6M | 59.3M | 62.2M | |
Other Current Assets | 4.3M | 4.3M | 6.9M | 6.6M | 6.0M | 3.1M | |
Total Liab | 175.2M | 171.2M | 151.7M | 134.9M | 119.6M | 125.5M | |
Property Plant And Equipment Gross | 54.4M | 88.2M | 28.3M | 56.1M | 77.5M | 81.4M | |
Total Current Assets | 114.9M | 111.7M | 123.7M | 125.3M | 112.2M | 59.8M | |
Accumulated Other Comprehensive Income | (25.2M) | (29.5M) | (26.5M) | (23.4M) | (23.0M) | (21.8M) | |
Short Term Debt | 5.2M | 9.4M | 10.2M | 12.1M | 7.5M | 7.9M | |
Intangible Assets | 111.4M | 32.5M | 28.3M | 24.3M | 20.8M | 21.9M | |
Accounts Payable | 20.0M | 23.5M | 29.6M | 27.6M | 25.3M | 26.6M | |
Common Stock Total Equity | 30.7M | 31.5M | 32.6M | 33.6M | 38.6M | 22.0M | |
Common Stock | 30.7M | 31.5M | 32.6M | 33.6M | 34.0M | 21.9M | |
Other Liab | 37.4M | 38.4M | 29.7M | 23.6M | 27.1M | 20.2M | |
Long Term Debt | 93.6M | 82.3M | 63.8M | 55.1M | 41.1M | 26.3M | |
Good Will | 79.5M | 76.9M | 72.2M | 70.8M | 70.8M | 74.3M | |
Property Plant Equipment | 42.0M | 52.7M | 28.3M | 26.1M | 30.0M | 30.6M | |
Current Deferred Revenue | 7.3M | 5.3B | 2.9M | 9.2M | 8.3M | 7.9M | |
Net Tangible Assets | 117.8M | (5.1M) | 114.6M | 126.6M | 145.6M | 91.4M | |
Retained Earnings Total Equity | 120.2M | 122.8M | (129.4M) | 139.0M | 125.1M | 64.6M |
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Additional Information and Resources on Investing in Eastern Stock
When determining whether Eastern is a strong investment it is important to analyze Eastern'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 Eastern's future performance. For an informed investment choice regarding Eastern Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Industrial Machinery & Supplies & Components space 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 Eastern. If investors know Eastern 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 Eastern listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.177 | Dividend Share 0.44 | Earnings Share 1.58 | Revenue Per Share 43.157 | Quarterly Revenue Growth (0.06) |
The market value of Eastern is measured differently than its book value, which is the value of Eastern that is recorded on the company's balance sheet. Investors also form their own opinion of Eastern's value that differs from its market value or its book value, called intrinsic value, which is Eastern'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 Eastern's market value can be influenced by many factors that don't directly affect Eastern'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 Eastern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastern'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.