Elite Net Debt vs Total Current Liabilities Analysis

EEIQ Stock

USD 0.98 0.04 3.92%

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 Net Debt and its Total Current Liabilities 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 tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elite Education Group Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Elite Education's Net Debt and Total Current Liabilities is -0.54. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities 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 Net Debt 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 Net Debt of Elite Education Group 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 Net Debt i.e., Elite Education's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.54

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

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.

Total Current Liabilities

Total Current Liabilities is an item on Elite Education balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Elite Education Group 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 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 tightly coupled 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 05/15/2024, 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

Interest Income Net Interest Income

Elite Education fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Other Assets	Net Receivables	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock
Other Current Liab		-0.82	-0.58	0.3	0.43	-0.41	-0.6	-0.45	-0.5	-0.54	-0.48	-0.41	0.37	0.23	-0.39	-0.36	0.53	-0.39	0.34	-0.47	-0.37	-0.48	-0.55	-0.48	-0.44	-0.46
Total Current Liabilities	-0.82		0.77	-0.25	-0.69	0.56	0.86	0.58	0.83	0.76	0.7	0.77	-0.31	-0.54	0.71	0.33	-0.72	0.71	-0.39	0.6	0.49	0.57	0.88	0.7	0.62	0.59
Net Tangible Assets	-0.58	0.77		-0.56	-0.89	0.91	0.83	0.92	0.89	0.96	0.91	0.84	-0.74	-0.51	0.68	0.75	-0.96	0.68	-0.33	0.9	0.46	0.85	0.81	0.91	0.88	0.92
Retained Earnings	0.3	-0.25	-0.56		0.42	-0.44	-0.13	-0.8	-0.35	-0.5	-0.37	-0.34	0.74	-0.36	0.03	-0.87	0.65	0.03	0.65	-0.82	-0.64	-0.87	-0.49	-0.37	-0.78	-0.81
Other Assets	0.43	-0.69	-0.89	0.42		-0.84	-0.81	-0.77	-0.82	-0.89	-0.86	-0.79	0.71	0.53	-0.69	-0.58	0.89	-0.69	0.3	-0.76	-0.38	-0.73	-0.72	-0.86	-0.75	-0.77
Net Receivables	-0.41	0.56	0.91	-0.44	-0.84		0.81	0.81	0.82	0.94	0.96	0.8	-0.82	-0.6	0.75	0.65	-0.92	0.75	-0.27	0.77	0.1	0.79	0.55	0.96	0.69	0.81
Total Current Assets	-0.6	0.86	0.83	-0.13	-0.81	0.81		0.57	0.9	0.89	0.92	0.87	-0.45	-0.83	0.95	0.28	-0.82	0.95	-0.25	0.55	0.1	0.58	0.72	0.92	0.52	0.57
Common Stock	-0.45	0.58	0.92	-0.8	-0.77	0.81	0.57		0.74	0.86	0.76	0.71	-0.81	-0.18	0.4	0.92	-0.9	0.4	-0.46	0.99	0.61	0.92	0.76	0.76	0.96	1.0
Property Plant Equipment	-0.5	0.83	0.89	-0.35	-0.82	0.82	0.9	0.74		0.9	0.88	0.99	-0.55	-0.63	0.82	0.44	-0.87	0.82	-0.44	0.74	0.37	0.72	0.86	0.88	0.75	0.75
Total Assets	-0.54	0.76	0.96	-0.5	-0.89	0.94	0.89	0.86	0.9		0.98	0.87	-0.72	-0.6	0.8	0.67	-0.97	0.8	-0.4	0.84	0.3	0.85	0.78	0.98	0.77	0.86
Total Stockholder Equity	-0.48	0.7	0.91	-0.37	-0.86	0.96	0.92	0.76	0.88	0.98		0.86	-0.7	-0.71	0.88	0.55	-0.93	0.88	-0.32	0.73	0.1	0.78	0.66	1.0	0.64	0.76
Property Plant And Equipment Net	-0.41	0.77	0.84	-0.34	-0.79	0.8	0.87	0.71	0.99	0.87	0.86		-0.53	-0.62	0.82	0.4	-0.84	0.82	-0.48	0.72	0.34	0.71	0.83	0.86	0.72	0.72
Current Deferred Revenue	0.37	-0.31	-0.74	0.74	0.71	-0.82	-0.45	-0.81	-0.55	-0.72	-0.7	-0.53		0.06	-0.32	-0.81	0.8	-0.32	0.5	-0.81	-0.27	-0.86	-0.37	-0.7	-0.71	-0.82
Net Debt	0.23	-0.54	-0.51	-0.36	0.53	-0.6	-0.83	-0.18	-0.63	-0.6	-0.71	-0.62	0.06		-0.9	0.1	0.46	-0.9	-0.23	-0.12	0.3	-0.12	-0.36	-0.71	-0.11	-0.17
Cash	-0.39	0.71	0.68	0.03	-0.69	0.75	0.95	0.4	0.82	0.8	0.88	0.82	-0.32	-0.9		0.1	-0.7	1.0	-0.2	0.38	-0.13	0.46	0.58	0.88	0.32	0.41
Non Current Assets Total	-0.36	0.33	0.75	-0.87	-0.58	0.65	0.28	0.92	0.44	0.67	0.55	0.4	-0.81	0.1	0.1		-0.74	0.1	-0.38	0.91	0.57	0.85	0.51	0.55	0.85	0.92
Non Currrent Assets Other	0.53	-0.72	-0.96	0.65	0.89	-0.92	-0.82	-0.9	-0.87	-0.97	-0.93	-0.84	0.8	0.46	-0.7	-0.74		-0.7	0.47	-0.89	-0.39	-0.92	-0.78	-0.93	-0.84	-0.91
Cash And Short Term Investments	-0.39	0.71	0.68	0.03	-0.69	0.75	0.95	0.4	0.82	0.8	0.88	0.82	-0.32	-0.9	1.0	0.1	-0.7		-0.2	0.38	-0.13	0.46	0.58	0.88	0.32	0.41
Common Stock Total Equity	0.34	-0.39	-0.33	0.65	0.3	-0.27	-0.25	-0.46	-0.44	-0.4	-0.32	-0.48	0.5	-0.23	-0.2	-0.38	0.47	-0.2		-0.54	-0.4	-0.68	-0.51	-0.32	-0.45	-0.49
Common Stock Shares Outstanding	-0.47	0.6	0.9	-0.82	-0.76	0.77	0.55	0.99	0.74	0.84	0.73	0.72	-0.81	-0.12	0.38	0.91	-0.89	0.38	-0.54		0.66	0.93	0.78	0.73	0.96	1.0
Other Current Assets	-0.37	0.49	0.46	-0.64	-0.38	0.1	0.1	0.61	0.37	0.3	0.1	0.34	-0.27	0.3	-0.13	0.57	-0.39	-0.13	-0.4	0.66		0.49	0.72	0.1	0.78	0.61
Other Stockholder Equity	-0.48	0.57	0.85	-0.87	-0.73	0.79	0.58	0.92	0.72	0.85	0.78	0.71	-0.86	-0.12	0.46	0.85	-0.92	0.46	-0.68	0.93	0.49		0.71	0.78	0.85	0.94
Total Liab	-0.55	0.88	0.81	-0.49	-0.72	0.55	0.72	0.76	0.86	0.78	0.66	0.83	-0.37	-0.36	0.58	0.51	-0.78	0.58	-0.51	0.78	0.72	0.71		0.66	0.83	0.76
Net Invested Capital	-0.48	0.7	0.91	-0.37	-0.86	0.96	0.92	0.76	0.88	0.98	1.0	0.86	-0.7	-0.71	0.88	0.55	-0.93	0.88	-0.32	0.73	0.1	0.78	0.66		0.64	0.76
Property Plant And Equipment Gross	-0.44	0.62	0.88	-0.78	-0.75	0.69	0.52	0.96	0.75	0.77	0.64	0.72	-0.71	-0.11	0.32	0.85	-0.84	0.32	-0.45	0.96	0.78	0.85	0.83	0.64		0.96
Capital Stock	-0.46	0.59	0.92	-0.81	-0.77	0.81	0.57	1.0	0.75	0.86	0.76	0.72	-0.82	-0.17	0.41	0.92	-0.91	0.41	-0.49	1.0	0.61	0.94	0.76	0.76	0.96

Click cells to compare fundamentals

Elite Education Account Relationship Matchups

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Elite Education in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Elite Education's short interest history, or implied volatility extrapolated from Elite Education options trading.

Pair Trading with Elite Education

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 Elite Education 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 Elite Education will appreciate offsetting losses from the drop in the long position's value.

Moving together with Elite Stock

0.83

IhumanInc

Pair Corr

Moving against Elite Stock

0.48

17 Education Technology

Pair Corr

The ability to find closely correlated positions to Elite Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elite Education 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 Elite Education - 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 Elite Education Group to buy it.

The correlation of Elite Education 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 Elite Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Education Group 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 Elite Education 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.

Pair Correlation Correlation Matching

When determining whether Elite Education Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Elite Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Elite Education Group Stock. Highlighted below are key reports to facilitate an investment decision about Elite Education Group Stock:

How To Invest In Elite

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Is Elite Stock a good investment?

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What is Elite Education's Net Worth?

Details

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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 tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Complementary Tools for Elite Stock analysis

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.

	Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators
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	Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments
	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
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Is Elite Education'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 Elite Education. If investors know Elite 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 Elite Education listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.58)

Revenue Per Share

0.49

Quarterly Revenue Growth

0.007

Return On Assets

(0.21)

Return On Equity

(0.53)

The market value of Elite Education Group is measured differently than its book value, which is the value of Elite that is recorded on the company's balance sheet. Investors also form their own opinion of Elite Education's value that differs from its market value or its book value, called intrinsic value, which is Elite Education'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 Elite Education's market value can be influenced by many factors that don't directly affect Elite Education'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 Elite Education's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elite Education is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elite Education'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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Elite Net Debt vs Total Current Liabilities Analysis

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Liabilities

Elite Education fundamental ratios Correlations

Elite Education Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Elite Education fundamental ratios Accounts

Pair Trading with Elite Education

Moving together with Elite Stock

Moving against Elite Stock

Complementary Tools for Elite Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Capital Stock	+ 1.0	Common Stock
Net Invested Capital	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Capital Stock	+ 1.0	Common Stock Shares Outstanding
Common Stock Shares Outstanding	+ 0.99	Common Stock
Property Plant And Equipment Net	+ 0.99	Property Plant Equipment

Non Currrent Assets Other	- 0.97	Total Assets
Non Currrent Assets Other	- 0.96	Net Tangible Assets
Net Invested Capital	- 0.93	Non Currrent Assets Other
Non Currrent Assets Other	- 0.93	Total Stockholder Equity
Other Stockholder Equity	- 0.92	Non Currrent Assets Other
Non Currrent Assets Other	- 0.92	Net Receivables