ESSA Common Stock vs Other Current Liab Analysis

EPIX Stock  USD 6.39  0.09  1.43%   
ESSA Pharma financial indicator trend analysis is much more than just examining ESSA Pharma latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ESSA Pharma is a good investment. Please check the relationship between ESSA Pharma Common Stock and its Other Current Liab accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESSA Pharma. 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.
For more information on how to buy ESSA Stock please use our How to Invest in ESSA Pharma guide.

Common Stock vs Other Current Liab

Common Stock vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ESSA Pharma Common Stock account and Other Current Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between ESSA Pharma's Common Stock and Other Current Liab is 0.41. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of ESSA Pharma, assuming nothing else is changed. The correlation between historical values of ESSA Pharma's Common Stock and Other Current Liab 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 ESSA Pharma are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Common Stock i.e., ESSA Pharma's Common Stock and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.41
Relationship DirectionPositive 
Relationship StrengthWeak

Common Stock

Other Current Liab

Most indicators from ESSA Pharma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ESSA Pharma 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 ESSA Pharma. 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.
For more information on how to buy ESSA Stock please use our How to Invest in ESSA Pharma guide.Enterprise Value is likely to rise to about 97 M in 2024, whereas Selling General Administrative is likely to drop slightly above 7.6 M in 2024.

ESSA Pharma fundamental ratios Correlations

0.450.381.0-0.291.0-0.950.280.770.820.59-0.150.950.080.85-0.091.0-0.670.990.630.61-0.74-0.060.930.970.57
0.450.340.45-0.090.44-0.350.290.370.5-0.010.650.47-0.180.4-0.120.44-0.280.410.360.61-0.360.320.440.390.66
0.380.340.350.150.36-0.440.680.40.380.580.140.33-0.180.370.690.39-0.780.380.580.45-0.330.090.440.320.35
1.00.450.35-0.311.0-0.940.250.770.820.57-0.150.950.090.84-0.131.0-0.650.980.620.6-0.74-0.070.930.980.55
-0.29-0.090.15-0.31-0.310.250.63-0.23-0.22-0.40.0-0.26-0.06-0.030.57-0.290.02-0.28-0.070.090.220.06-0.27-0.30.13
1.00.440.361.0-0.31-0.950.270.720.830.57-0.150.960.070.86-0.131.0-0.640.990.590.55-0.69-0.090.940.990.52
-0.95-0.35-0.44-0.940.25-0.95-0.37-0.6-0.72-0.670.18-0.92-0.09-0.89-0.01-0.950.75-0.97-0.58-0.460.560.14-0.87-0.97-0.41
0.280.290.680.250.630.27-0.370.150.290.230.210.270.010.550.670.28-0.60.310.50.42-0.11-0.020.320.280.41
0.770.370.40.77-0.230.72-0.60.150.670.48-0.090.580.270.460.00.77-0.610.670.770.72-1.00.020.720.620.62
0.820.50.380.82-0.220.83-0.720.290.670.42-0.090.84-0.130.7-0.030.82-0.450.810.430.56-0.640.130.950.780.56
0.59-0.010.580.57-0.40.57-0.670.230.480.42-0.240.50.210.590.390.59-0.80.610.510.33-0.42-0.030.550.590.21
-0.150.650.14-0.150.0-0.150.180.21-0.09-0.09-0.24-0.160.02-0.07-0.04-0.15-0.05-0.160.180.310.080.15-0.14-0.180.29
0.950.470.330.95-0.260.96-0.920.270.580.840.5-0.16-0.160.87-0.10.95-0.540.970.40.54-0.550.090.90.960.56
0.08-0.18-0.180.09-0.060.07-0.090.010.27-0.130.210.02-0.160.14-0.140.08-0.290.060.49-0.02-0.28-0.630.020.08-0.15
0.850.40.370.84-0.030.86-0.890.550.460.70.59-0.070.870.140.130.85-0.680.90.520.53-0.42-0.050.80.90.53
-0.09-0.120.69-0.130.57-0.13-0.010.670.0-0.030.39-0.04-0.1-0.140.13-0.09-0.49-0.070.140.290.050.3-0.05-0.130.23
1.00.440.391.0-0.291.0-0.950.280.770.820.59-0.150.950.080.85-0.09-0.670.990.630.61-0.74-0.060.930.970.57
-0.67-0.28-0.78-0.650.02-0.640.75-0.6-0.61-0.45-0.8-0.05-0.54-0.29-0.68-0.49-0.67-0.67-0.77-0.540.550.14-0.6-0.64-0.4
0.990.410.380.98-0.280.99-0.970.310.670.810.61-0.160.970.060.9-0.070.99-0.670.570.53-0.63-0.090.931.00.5
0.630.360.580.62-0.070.59-0.580.50.770.430.510.180.40.490.520.140.63-0.770.570.55-0.75-0.320.580.530.43
0.610.610.450.60.090.55-0.460.420.720.560.330.310.54-0.020.530.290.61-0.540.530.55-0.710.490.520.470.97
-0.74-0.36-0.33-0.740.22-0.690.56-0.11-1.0-0.64-0.420.08-0.55-0.28-0.420.05-0.740.55-0.63-0.75-0.71-0.03-0.69-0.59-0.62
-0.060.320.09-0.070.06-0.090.14-0.020.020.13-0.030.150.09-0.63-0.050.3-0.060.14-0.09-0.320.49-0.03-0.08-0.140.6
0.930.440.440.93-0.270.94-0.870.320.720.950.55-0.140.90.020.8-0.050.93-0.60.930.580.52-0.69-0.080.910.48
0.970.390.320.98-0.30.99-0.970.280.620.780.59-0.180.960.080.9-0.130.97-0.641.00.530.47-0.59-0.140.910.44
0.570.660.350.550.130.52-0.410.410.620.560.210.290.56-0.150.530.230.57-0.40.50.430.97-0.620.60.480.44
Click cells to compare fundamentals

ESSA Pharma Account Relationship Matchups

ESSA Pharma fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets80.6M198.2M169.5M149.1M171.5M180.1M
Other Current Liab676.02.4M1.2M1.4M1.6M1.0M
Total Current Liabilities1.2M3.9M2.3M3.5M4.0M3.3M
Total Stockholder Equity79.2M194.0M167.1M145.6M167.5M175.8M
Other Liab19.6K16.5K127.4K20.4K18.3K17.4K
Net Tangible Assets49.0M79.2M194.0M167.1M192.2M201.8M
Retained Earnings(81.0M)(117.8M)(152.9M)(179.5M)(161.5M)(153.4M)
Accounts Payable1.1M1.4M954.6K2.0M2.3M1.6M
Cash56.3M137.8M57.1M33.7M38.8M37.2M
Other Assets(55.2K)198.2M(446.0K)115.4M132.7M139.3M
Net Receivables309.5K489.0K6.2K135.1K121.6K115.5K
Inventory420.5K(360.8K)(309.5K)110.6M127.2M133.6M
Other Current Assets24.3M2.2M1.8M585.4K673.2K639.6K
Other Stockholder Equity31.2M36.4M44.0M49.0M56.4M59.2M
Total Liab1.3M4.2M2.4M3.5M3.1M3.6M
Total Current Assets80.6M197.6M169.5M148.8M171.1M179.7M
Short Term Debt59.1K120.7K133.8K80.3K92.4K87.8K
Common Stock131.1M277.4M278.1M278.2M319.9M335.9M
Net Debt(56.3M)(137.5M)(56.9M)(33.6M)(30.3M)(31.8M)
Non Current Assets Total55.2K567.7K446.0K325.3K292.7K301.5K
Cash And Short Term Investments56.3M194.9M57.1M148.1M170.3M178.8M
Common Stock Shares Outstanding22.4M38.5M44.0M44.1M50.7M53.2M
Liabilities And Stockholders Equity80.6M198.2M169.5M149.1M171.5M180.1M
Non Currrent Assets Other(200.7K)277.6K259.5K257.2K295.8K201.5K
Short Long Term Debt Total59.1K331.0K209.8K80.3K72.3K68.7K
Net Invested Capital79.2M194.0M167.1M145.6M167.5M103.4M
Net Working Capital79.1M193.7M166.7M145.3M167.1M101.6M
Capital Stock131.1M277.4M278.1M278.2M319.9M198.2M

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When determining whether ESSA Pharma offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ESSA Pharma's 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 Essa Pharma Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Essa Pharma Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESSA Pharma. 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.
For more information on how to buy ESSA Stock please use our How to Invest in ESSA Pharma guide.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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Is ESSA Pharma'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 ESSA Pharma. If investors know ESSA 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 ESSA Pharma listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.63)
Return On Assets
(0.14)
Return On Equity
(0.19)
The market value of ESSA Pharma is measured differently than its book value, which is the value of ESSA that is recorded on the company's balance sheet. Investors also form their own opinion of ESSA Pharma's value that differs from its market value or its book value, called intrinsic value, which is ESSA Pharma'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 ESSA Pharma's market value can be influenced by many factors that don't directly affect ESSA Pharma'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 ESSA Pharma's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESSA Pharma is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESSA Pharma'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.