Eit Cash vs Total Current Assets Analysis
300815 Stock | 16.78 0.04 0.24% |
Eit Environmental financial indicator trend analysis is much more than just examining Eit Environmental latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eit Environmental is a good investment. Please check the relationship between Eit Environmental Cash and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Eit Environmental Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash vs Total Current Assets
Cash vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eit Environmental Cash account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Eit Environmental's Cash and Total Current Assets is 0.92. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Eit Environmental Development, assuming nothing else is changed. The correlation between historical values of Eit Environmental's Cash and Total Current 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 Cash of Eit Environmental Development are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash i.e., Eit Environmental's Cash and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Eit Environmental, which is listed under current asset account on Eit Environmental Development balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Eit Environmental customers. The amounts must be unrestricted with restricted cash listed in a different Eit Environmental 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.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.Most indicators from Eit Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eit Environmental 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Eit Environmental Development. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of December 13, 2024, Tax Provision is expected to decline to about 108.6 M. In addition to that, Selling General Administrative is expected to decline to about 115.6 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.1B | 1.2B | 1.4B | 966.2M | Total Revenue | 4.8B | 5.4B | 6.2B | 4.2B |
Eit Environmental fundamental ratios Correlations
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Eit Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Not Found
Eit Environmental fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.7B | 4.5B | 5.2B | 6.1B | 7.3B | 4.1B | |
Other Current Liab | 86.4M | 97.9M | 119.1M | 220.5M | 82.4M | 101.7M | |
Total Current Liabilities | 1.3B | 1.5B | 1.6B | 2.0B | 2.7B | 1.5B | |
Total Stockholder Equity | 995.0M | 2.6B | 2.9B | 3.3B | 3.6B | 2.0B | |
Other Liab | 209.9M | 219.9M | 230.8M | 238.5M | 274.2M | 205.0M | |
Net Tangible Assets | 673.4M | 2.2B | 2.5B | 2.9B | 3.3B | 3.5B | |
Retained Earnings | 863.0M | 1.5B | 1.8B | 2.2B | 2.4B | 1.4B | |
Accounts Payable | 247.1M | 370.8M | 445.0M | 572.7M | 809.9M | 850.4M | |
Cash | 587.4M | 1.3B | 1.2B | 1.0B | 1.1B | 813.5M | |
Non Current Assets Total | 1.1B | 1.7B | 2.1B | 2.2B | 2.2B | 1.5B | |
Non Currrent Assets Other | 10.1M | 142.7M | 157.0M | 125.8M | 210.1M | 220.6M | |
Other Assets | 147.0M | 314.4M | 380.1M | 362.8M | 417.2M | 220.9M | |
Long Term Debt | 105.0M | 90M | 240.5M | 132.5M | 263.5M | 276.6M | |
Net Receivables | 927.3M | 1.0B | 1.5B | 2.3B | 3.3B | 3.4B | |
Non Current Liabilities Total | 314.9M | 352.0M | 570.4M | 441.3M | 583.7M | 380.8M | |
Inventory | 4.6M | 8.5M | 15.5M | 43.9M | 40.0M | 42.0M | |
Other Current Assets | 15.8M | 62.8M | 63.5M | 223.1M | 265.4M | 278.7M | |
Total Liab | 1.6B | 1.8B | 2.1B | 2.5B | 3.3B | 1.9B | |
Short Long Term Debt | 566.8M | 617.5M | 514.5M | 718M | 909.1M | 551.8M | |
Total Current Assets | 1.6B | 2.9B | 3.2B | 3.9B | 5.1B | 2.6B | |
Non Current Liabilities Other | 198.0M | 198.3M | 207.8M | 218.5M | 224.3M | 199.7M | |
Intangible Assets | 321.6M | 319.0M | 283.4M | 251.4M | 218.4M | 296.1M | |
Property Plant Equipment | 592.7M | 730.5M | 961.8M | 1.1B | 1.2B | 649.5M | |
Deferred Long Term Liab | 9.2M | 57.1M | 65.7M | 20.5M | 23.6M | 30.4M | |
Net Invested Capital | 1.6B | 3.3B | 3.6B | 4.2B | 4.8B | 3.0B | |
Net Working Capital | 307.9M | 1.4B | 1.6B | 1.9B | 2.4B | 1.2B |
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Balance Sheet is a snapshot of the financial position of Eit Environmental at a specified time, usually calculated after every quarter, six months, or one year. Eit Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eit Environmental 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 Eit currently owns. An asset can also be divided into two categories, current and non-current.