Elite Common Stock vs Cash Analysis
EEIQ Stock | USD 0.94 0.06 6.00% |
Elite Education financial indicator trend analysis is much more than just examining Elite Education Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elite Education Group is a good investment. Please check the relationship between Elite Education Common Stock and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elite Education Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Common Stock vs Cash
Common Stock vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elite Education Group Common Stock account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Elite Education's Common Stock and Cash is 0.4. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash in the same time period over historical financial statements of Elite Education Group, assuming nothing else is changed. The correlation between historical values of Elite Education's Common Stock and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Elite Education Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Common Stock i.e., Elite Education's Common Stock and Cash go up and down completely randomly.
Correlation Coefficient | 0.4 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock
Cash
Cash refers to the most liquid asset of Elite Education Group, which is listed under current asset account on Elite Education Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Elite Education customers. The amounts must be unrestricted with restricted cash listed in a different Elite Education account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Elite Education's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elite Education Group 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 Elite Education Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Elite Education's Selling General Administrative is relatively stable compared to the past year. As of 06/09/2024, Sales General And Administrative To Revenue is likely to grow to 1.62, though Enterprise Value Over EBITDA is likely to grow to (0.99).
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 26.5K | 53.1K | 47.8K | 34.2K | Net Interest Income | 17.5K | 43.9K | 39.5K | 28.5K |
Elite Education fundamental ratios Correlations
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Elite Education Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Elite Education fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 1.9M | 3.0M | 2.2M | 2.1M | 1.8M | 1.8M | |
Total Current Liabilities | 6.7M | 8.6M | 6.1M | 6.9M | 7.9M | 7.4M | |
Net Tangible Assets | 6.5M | 7.5M | 14.9M | 13.8M | 15.9M | 9.4M | |
Retained Earnings | 4.7M | 3.7M | (2.4M) | (9.1M) | (8.2M) | (7.8M) | |
Other Assets | 1.0M | 439.4K | 321.1K | 411.9K | 370.7K | 732.2K | |
Net Receivables | 818K | 1.5M | 1.7M | 1.0M | 1.2M | 968.7K | |
Total Current Assets | 10.6M | 19.6M | 14.1M | 8.7M | 10.0M | 11.6M | |
Property Plant Equipment | 2.9M | 3.1M | 4.1M | 3.2M | 3.7M | 3.4M | |
Total Assets | 14.2M | 24.0M | 24.0M | 19.2M | 22.1M | 19.6M | |
Total Stockholder Equity | 7.5M | 14.9M | 15.1M | 9.1M | 10.5M | 10.6M | |
Property Plant And Equipment Net | 3.1M | 4.1M | 3.2M | 3.2M | 3.6M | 3.5M | |
Current Deferred Revenue | 4.6M | 5.3M | 3.3M | 4.1M | 3.7M | 4.0M | |
Net Debt | (7.3M) | (15.8M) | (10.4M) | (3.8M) | (3.5M) | (3.6M) | |
Accounts Payable | 51.8K | 148.8K | 91.1K | 210.1K | 241.6K | 253.7K | |
Cash | 7.4M | 16.5M | 11.4M | 5.0M | 5.7M | 9.7M | |
Non Current Assets Total | 3.6M | 4.4M | 9.9M | 10.5M | 12.1M | 6.8M | |
Cash And Short Term Investments | 7.4M | 16.5M | 11.4M | 5.0M | 5.7M | 9.7M | |
Liabilities And Stockholders Equity | 14.2M | 24.0M | 24.0M | 19.2M | 22.1M | 19.6M | |
Non Current Liabilities Total | 4.7M | 462.0K | 669.6K | 1.4M | 1.3M | 1.9M | |
Other Current Assets | 1.6M | 1.6M | 946.3K | 2.7M | 3.1M | 1.9M | |
Total Liab | 6.7M | 9.1M | 6.7M | 8.3M | 9.5M | 8.4M | |
Net Invested Capital | 7.5M | 14.9M | 15.1M | 9.1M | 10.5M | 10.6M | |
Property Plant And Equipment Gross | 3.1M | 4.7M | 3.9M | 6.1M | 7.1M | 4.3M | |
Accumulated Other Comprehensive Income | (543.1K) | (200.0K) | (28.9K) | (36.3K) | (41.7K) | (43.8K) | |
Net Working Capital | 3.9M | 11.0M | 8.0M | 1.8M | 2.1M | 2.0M |
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When running Elite Education's price analysis, check to measure Elite Education'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 Elite Education is operating at the current time. Most of Elite Education's value examination focuses on studying past and present price action to predict the probability of Elite Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Education's price. Additionally, you may evaluate how the addition of Elite Education to your portfolios can decrease your overall portfolio volatility.