Ehang Total Current Assets vs Intangible Assets Analysis

EH Stock

USD 17.95 0.19 1.07%

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

For more detail on how to invest in Ehang Stock please use our How to Invest in Ehang Holdings guide.

Total Current Assets vs Intangible Assets

Total Current Assets vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ehang Holdings Total Current Assets account and Intangible Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Ehang Holdings' Total Current Assets and Intangible Assets is 0.48. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Ehang Holdings, assuming nothing else is changed. The correlation between historical values of Ehang Holdings' Total Current Assets and Intangible 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 Total Current Assets of Ehang Holdings are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Current Assets i.e., Ehang Holdings' Total Current Assets and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.48

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

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.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

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

For more detail on how to invest in Ehang Stock please use our How to Invest in Ehang Holdings guide.The current Tax Provision is estimated to decrease to about 195.7 K. The current Selling General Administrative is estimated to decrease to about 103.5 M

	2021	2022	2023	2024 (projected)
Gross Profit	36.0M	29.2M	75.3M	55.9M
Total Revenue	56.8M	44.3M	117.4M	97.2M

Gross Profit Total Revenue

Ehang Holdings fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.96	0.91	0.97	0.55	0.96	0.68	0.79	-0.48	-0.84	0.89	0.9	0.75	0.55	0.93	0.63	0.99	0.42	0.12	-0.97	0.98	0.94	0.35	0.99	-0.89	0.98
Other Current Liab	0.96		0.96	0.91	0.41	0.9	0.73	0.79	-0.33	-0.85	0.88	0.83	0.79	0.66	0.83	0.65	0.96	0.48	-0.05	-0.93	0.95	0.92	0.47	0.96	-0.82	0.93
Total Current Liabilities	0.91	0.96		0.8	0.35	0.79	0.85	0.81	-0.12	-0.9	0.77	0.76	0.88	0.75	0.75	0.46	0.88	0.59	-0.07	-0.82	0.87	0.91	0.61	0.94	-0.66	0.83
Total Stockholder Equity	0.97	0.91	0.8		0.56	1.0	0.56	0.72	-0.63	-0.74	0.91	0.92	0.64	0.45	0.95	0.72	0.96	0.26	0.09	-0.99	0.98	0.87	0.24	0.93	-0.97	1.0
Other Liab	0.55	0.41	0.35	0.56		0.57	0.2	0.36	-0.48	-0.42	0.6	0.49	0.29	0.17	0.58	0.26	0.49	0.41	0.45	-0.52	0.5	0.7	-0.03	0.54	-0.54	0.55
Net Tangible Assets	0.96	0.9	0.79	1.0	0.57		0.52	0.68	-0.66	-0.71	0.91	0.92	0.6	0.46	0.95	0.73	0.96	0.24	0.08	-1.0	0.97	0.87	0.25	0.91	-0.98	0.99
Property Plant And Equipment Net	0.68	0.73	0.85	0.56	0.2	0.52		0.92	0.19	-0.95	0.47	0.56	0.99	0.56	0.55	0.13	0.61	0.64	-0.07	-0.54	0.7	0.69	0.52	0.74	-0.38	0.61
Current Deferred Revenue	0.79	0.79	0.81	0.72	0.36	0.68	0.92		-0.06	-0.98	0.6	0.68	0.94	0.33	0.7	0.32	0.72	0.56	0.07	-0.68	0.83	0.74	0.23	0.83	-0.57	0.75
Net Debt	-0.48	-0.33	-0.12	-0.63	-0.48	-0.66	0.19	-0.06		0.04	-0.44	-0.69	0.12	0.06	-0.7	-0.44	-0.54	0.46	-0.02	0.63	-0.49	-0.33	0.14	-0.4	0.76	-0.59
Retained Earnings	-0.84	-0.85	-0.9	-0.74	-0.42	-0.71	-0.95	-0.98	0.04		-0.66	-0.7	-0.98	-0.49	-0.72	-0.31	-0.77	-0.65	-0.07	0.71	-0.84	-0.83	-0.38	-0.88	0.58	-0.78
Accounts Payable	0.89	0.88	0.77	0.91	0.6	0.91	0.47	0.6	-0.44	-0.66		0.7	0.57	0.52	0.75	0.86	0.87	0.49	0.23	-0.91	0.89	0.89	0.21	0.84	-0.87	0.9
Cash	0.9	0.83	0.76	0.92	0.49	0.92	0.56	0.68	-0.69	-0.7	0.7		0.61	0.44	0.98	0.44	0.91	0.06	-0.14	-0.92	0.91	0.78	0.37	0.88	-0.9	0.93
Non Current Assets Total	0.75	0.79	0.88	0.64	0.29	0.6	0.99	0.94	0.12	-0.98	0.57	0.61		0.58	0.61	0.23	0.68	0.68	-0.01	-0.62	0.76	0.77	0.49	0.8	-0.46	0.69
Non Currrent Assets Other	0.55	0.66	0.75	0.45	0.17	0.46	0.56	0.33	0.06	-0.49	0.52	0.44	0.58		0.38	0.25	0.52	0.46	-0.32	-0.51	0.49	0.67	0.92	0.56	-0.34	0.49
Cash And Short Term Investments	0.93	0.83	0.75	0.95	0.58	0.95	0.55	0.7	-0.7	-0.72	0.75	0.98	0.61	0.38		0.48	0.93	0.14	0.06	-0.94	0.92	0.82	0.26	0.91	-0.92	0.95
Net Receivables	0.63	0.65	0.46	0.72	0.26	0.73	0.13	0.32	-0.44	-0.31	0.86	0.44	0.23	0.25	0.48		0.66	0.21	0.19	-0.73	0.67	0.53	-0.08	0.54	-0.76	0.69
Common Stock Total Equity	0.99	0.96	0.88	0.96	0.49	0.96	0.61	0.72	-0.54	-0.77	0.87	0.91	0.68	0.52	0.93	0.66		0.33	0.08	-0.97	0.96	0.89	0.33	0.97	-0.9	0.97
Common Stock Shares Outstanding	0.42	0.48	0.59	0.26	0.41	0.24	0.64	0.56	0.46	-0.65	0.49	0.06	0.68	0.46	0.14	0.21	0.33		0.43	-0.24	0.36	0.62	0.25	0.48	-0.08	0.29
Short Term Investments	0.12	-0.05	-0.07	0.09	0.45	0.08	-0.07	0.07	-0.02	-0.07	0.23	-0.14	-0.01	-0.32	0.06	0.19	0.08	0.43		-0.03	0.04	0.15	-0.55	0.1	-0.07	0.06
Non Current Liabilities Total	-0.97	-0.93	-0.82	-0.99	-0.52	-1.0	-0.54	-0.68	0.63	0.71	-0.91	-0.92	-0.62	-0.51	-0.94	-0.73	-0.97	-0.24	-0.03		-0.97	-0.87	-0.3	-0.93	0.97	-0.99
Capital Surpluse	0.98	0.95	0.87	0.98	0.5	0.97	0.7	0.83	-0.49	-0.84	0.89	0.91	0.76	0.49	0.92	0.67	0.96	0.36	0.04	-0.97		0.89	0.29	0.95	-0.92	0.99
Inventory	0.94	0.92	0.91	0.87	0.7	0.87	0.69	0.74	-0.33	-0.83	0.89	0.78	0.77	0.67	0.82	0.53	0.89	0.62	0.15	-0.87	0.89		0.46	0.94	-0.77	0.89
Other Current Assets	0.35	0.47	0.61	0.24	-0.03	0.25	0.52	0.23	0.14	-0.38	0.21	0.37	0.49	0.92	0.26	-0.08	0.33	0.25	-0.55	-0.3	0.29	0.46		0.38	-0.13	0.29
Other Stockholder Equity	0.99	0.96	0.94	0.93	0.54	0.91	0.74	0.83	-0.4	-0.88	0.84	0.88	0.8	0.56	0.91	0.54	0.97	0.48	0.1	-0.93	0.95	0.94	0.38		-0.82	0.94
Total Liab	-0.89	-0.82	-0.66	-0.97	-0.54	-0.98	-0.38	-0.57	0.76	0.58	-0.87	-0.9	-0.46	-0.34	-0.92	-0.76	-0.9	-0.08	-0.07	0.97	-0.92	-0.77	-0.13	-0.82		-0.96
Net Invested Capital	0.98	0.93	0.83	1.0	0.55	0.99	0.61	0.75	-0.59	-0.78	0.9	0.93	0.69	0.49	0.95	0.69	0.97	0.29	0.06	-0.99	0.99	0.89	0.29	0.94	-0.96

Click cells to compare fundamentals

Ehang Holdings Account Relationship Matchups

Ehang Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	449.4M	484.5M	535.4M	530.9M	598.6M	452.1M
Short Long Term Debt Total	37.5M	15M	30M	200.1M	163.5M	171.7M
Other Current Liab	53.3M	81.6M	61.9M	97.8M	94.2M	64.4M
Total Current Liabilities	95.6M	158.0M	136.4M	282.3M	250.1M	159.1M
Total Stockholder Equity	311.6M	276.3M	332.6M	124.3M	213.8M	224.5M
Other Liab	5.9M	8.8M	47.9M	10.1M	11.6M	15.3M
Net Tangible Assets	310.4M	275.3M	331.9M	122.3M	140.6M	147.7M
Property Plant And Equipment Net	16.3M	20.9M	33.8M	120.5M	119.2M	125.1M
Current Deferred Revenue	10.0M	8.3M	16.0M	22.8M	41.9M	44.0M
Net Debt	(284.1M)	(122.8M)	(216.9M)	(49.2M)	(64.7M)	(67.9M)
Retained Earnings	(720.4M)	(808.0M)	(1.1B)	(1.5B)	(1.8B)	(1.7B)
Accounts Payable	27.3M	53.1M	45.6M	35.5M	35.1M	36.2M
Cash	321.7M	137.8M	246.9M	249.3M	228.3M	205.4M
Non Current Assets Total	20.9M	43.8M	58.3M	143.7M	145.6M	152.9M
Non Currrent Assets Other	252K	4.1M	2.4M	11.4M	1.4M	1.4M
Other Assets	436K	19.0M	17.6M	11.4M	13.1M	8.9M
Cash And Short Term Investments	329.3M	187.1M	312.0M	249.3M	285.7M	239.7M
Net Receivables	60.1M	180.1M	57.5M	20.3M	46.0M	61.5M
Common Stock Shares Outstanding	30.6M	54.8M	56.5M	57.3M	60.7M	56.0M
Short Term Investments	0.0	7.7M	49.3M	65.1M	57.5M	34.3M
Liabilities And Stockholders Equity	449.4M	484.5M	535.4M	530.9M	598.6M	452.1M
Non Current Liabilities Total	38.5M	48.8M	64.9M	123.8M	134.4M	186.4M
Inventory	18.5M	47.1M	78.1M	72.4M	59.5M	44.1M
Other Current Assets	4.8M	2.3M	1.7M	45.2M	2.9M	2.7M
Other Stockholder Equity	1.0B	1.1B	1.5B	1.6B	2.0B	1.1B
Total Liab	134.1M	206.8M	201.4M	406.2M	384.4M	302.1M
Net Invested Capital	349.4M	291.3M	362.6M	248.9M	296.4M	311.3M
Property Plant And Equipment Gross	16.3M	20.9M	33.8M	120.5M	154.0M	161.6M
Short Long Term Debt	5.3M	15M	13M	120.8M	73.3M	37.7M
Total Current Assets	428.5M	440.7M	477.2M	387.2M	453.0M	380.1M
Accumulated Other Comprehensive Income	11.2M	3.0M	(4.7M)	16.2M	16.3M	9.2M
Net Working Capital	332.9M	282.7M	340.7M	104.8M	203.0M	221.0M
Short Term Debt	5M	15M	13M	126.3M	78.9M	41.7M
Intangible Assets	272K	120K	745K	2.0M	2.4M	2.5M

Pair Trading with Ehang Holdings

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 Ehang Holdings 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 Ehang Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ehang Stock

0.9	CW	Curtiss Wright	Pair Corr
0.89	GD	General Dynamics Financial Report 24th of July 2024	Pair Corr

Moving against Ehang Stock

0.93	AZ	A2Z Smart Technologies	Pair Corr
0.81	BA	Boeing Financial Report 24th of July 2024	Pair Corr
0.62	EVEX	Eve Holding Financial Report 14th of May 2024	Pair Corr
0.51	ESLT	Elbit Systems Financial Report 4th of June 2024	Pair Corr
0.42	DPRO	Draganfly Financial Report 14th of May 2024	Pair Corr

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

The correlation of Ehang Holdings 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 Ehang Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ehang Holdings 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 Ehang Holdings 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 Ehang Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ehang Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ehang Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ehang Holdings Stock:

How To Invest In Ehang

Details

Is Ehang Stock a good investment?

Details

What is Ehang Holdings' Net Worth?

Details

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

For more detail on how to invest in Ehang Stock please use our How to Invest in Ehang Holdings guide.

Note that the Ehang Holdings information on this page should be used as a complementary analysis to other Ehang Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Ehang Stock analysis

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

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Is Ehang Holdings' 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 Ehang Holdings. If investors know Ehang 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 Ehang Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.68)

Revenue Per Share

1.933

Quarterly Revenue Growth

2.609

Return On Assets

(0.33)

Return On Equity

(1.44)

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

Total Current Assets vs Intangible Assets

Total Current Assets vs Intangible Assets Correlation Analysis

Correlation Coefficient

Total Current Assets

Intangible Assets

Ehang Holdings fundamental ratios Correlations

Ehang Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ehang Holdings fundamental ratios Accounts

Pair Trading with Ehang Holdings

Moving together with Ehang Stock

Moving against Ehang Stock

Complementary Tools for Ehang Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity
Common Stock Total Equity	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Assets
Net Invested Capital	+ 0.99	Net Tangible Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Non Current Liabilities Total	- 1.0	Net Tangible Assets
Net Invested Capital	- 0.99	Non Current Liabilities Total
Non Current Liabilities Total	- 0.99	Total Stockholder Equity
Non Current Assets Total	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Current Deferred Revenue
Total Liab	- 0.98	Net Tangible Assets