Electrocore Historical Balance Sheet

ECOR -  USA Stock  

USD 1.00  0.01  0.99%

Trend analysis of Electrocore balance sheet accounts such as Assets Non Current of 5.3 M or Cash and Equivalents of 4.4 M provides information on Electrocore's total assets, liabilities, and equity, which is the actual value of Electrocore to its prevalent stockholders. By breaking down trends over time using Electrocore balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year. Financial Statement Analysis is much more than just reviewing and breaking down Electrocore prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Electrocore is a good buy for the upcoming year.
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Electrocore Historical Statements 

 
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About Electrocore Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Electrocore at a specified time, usually calculated after every quarter, six months, or one year. Electrocore Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Electrocore and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Electrocore currently owns. An asset can also be divided into two categories, current and non-current.

Electrocore Balance Sheet Chart

Electrocore Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Electrocore uses and utilizes its capital. It also shows what exactly a company owns and owes.
Electrocore Current Liabilities is relatively stable at the moment as compared to the past year. Electrocore reported last year Current Liabilities of 5.89 Million. As of 10/20/2021, Liabilities Non Current is likely to grow to about 2.2 M, while Assets Non Current are likely to drop slightly above 5.3 M.

Total Assets

Total assets refers to the total amount of Electrocore assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Electrocore books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; Investments; [Intangibles]; Property Plant and Equipment Net; [TaxAssets] and Trade and Non Trade Receivables.

Current Assets

Current assets of Electrocore include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Electrocore. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Total Liabilities

Deferred Income Tax is recorded on Electrocore balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Electrocore books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most accounts from Electrocore balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Electrocore current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Investing Opportunities.Electrocore Current Liabilities is relatively stable at the moment as compared to the past year. Electrocore reported last year Current Liabilities of 5.89 Million. As of 10/20/2021, Liabilities Non Current is likely to grow to about 2.2 M, while Assets Non Current are likely to drop slightly above 5.3 M.
 2018 2019 2020 2021 (projected)
Current Assets72.7 M26.53 M25.06 M32.16 M
Total Assets73.5 M35.46 M31.52 M37.47 M

Electrocore balance sheet Correlations

0.990.440.75-0.910.31-0.930.780.560.530.53-0.90.81-0.94-0.290.520.74
0.990.330.71-0.890.24-0.890.730.460.610.61-0.890.74-0.9-0.350.420.65
0.440.330.54-0.520.6-0.630.680.99-0.41-0.41-0.460.8-0.610.310.960.91
0.750.710.54-0.950.04-0.910.40.570.010.01-0.750.87-0.87-0.130.680.74
-0.91-0.89-0.52-0.95-0.150.97-0.6-0.59-0.26-0.260.86-0.90.950.2-0.65-0.79
0.310.240.60.04-0.15-0.360.510.65-0.21-0.21-0.520.29-0.43-0.30.370.42
-0.93-0.89-0.63-0.910.97-0.36-0.68-0.71-0.19-0.190.93-0.910.990.26-0.7-0.84
0.780.730.680.4-0.60.51-0.680.780.360.36-0.590.75-0.690.170.690.83
0.560.460.990.57-0.590.65-0.710.78-0.26-0.26-0.560.84-0.70.220.940.94
0.530.61-0.410.01-0.26-0.21-0.190.36-0.261.0-0.280.03-0.22-0.27-0.31-0.05
0.530.61-0.410.01-0.26-0.21-0.190.36-0.261.0-0.280.03-0.22-0.27-0.31-0.05
-0.9-0.89-0.46-0.750.86-0.520.93-0.59-0.56-0.28-0.28-0.710.960.57-0.45-0.64
0.810.740.80.87-0.90.29-0.910.750.840.030.03-0.71-0.880.150.90.97
-0.94-0.9-0.61-0.870.95-0.430.99-0.69-0.7-0.22-0.220.96-0.880.33-0.65-0.81
-0.29-0.350.31-0.130.2-0.30.260.170.22-0.27-0.270.570.150.330.410.25
0.520.420.960.68-0.650.37-0.70.690.94-0.31-0.31-0.450.9-0.650.410.96
0.740.650.910.74-0.790.42-0.840.830.94-0.05-0.05-0.640.97-0.810.250.96
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Electrocore Account Relationship Matchups

Electrocore Investors Sentiment

The influence of Electrocore's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Electrocore. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - ECOR

Electrocore Investor Sentiment

Most of Macroaxis users are currently bullish on Electrocore. What is your opinion about investing in Electrocore? Are you bullish or bearish?
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2% Bearish
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Pair Trading with Electrocore

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

Electrocore Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Electrocore and Alcon Inc. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Investing Opportunities. Note that the Electrocore information on this page should be used as a complementary analysis to other Electrocore's 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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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When running Electrocore price analysis, check to measure Electrocore'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 Electrocore is operating at the current time. Most of Electrocore's value examination focuses on studying past and present price action to predict the probability of Electrocore's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Electrocore's price. Additionally, you may evaluate how the addition of Electrocore to your portfolios can decrease your overall portfolio volatility.
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The market value of Electrocore is measured differently than its book value, which is the value of Electrocore that is recorded on the company's balance sheet. Investors also form their own opinion of Electrocore's value that differs from its market value or its book value, called intrinsic value, which is Electrocore'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 Electrocore's market value can be influenced by many factors that don't directly affect Electrocore underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Electrocore's value and its price as these two are different measures arrived at by different means. Investors typically determine Electrocore value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrocore'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.