Eit Long Term Debt vs Non Current Liabilities Other Analysis

300815 Stock   16.74  0.41  2.39%   
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 Long Term Debt and its Non Current Liabilities Other 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.

Long Term Debt vs Non Current Liabilities Other

Long Term Debt vs Non Current Liabilities Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eit Environmental Long Term Debt account and Non Current Liabilities Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Eit Environmental's Long Term Debt and Non Current Liabilities Other is 0.78. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Liabilities Other 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 Long Term Debt and Non Current Liabilities Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Eit Environmental Development are associated (or correlated) with its Non Current Liabilities Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Other has no effect on the direction of Long Term Debt i.e., Eit Environmental's Long Term Debt and Non Current Liabilities Other go up and down completely randomly.

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant

Long Term Debt

Long-term debt is a debt that Eit Environmental has held for over one year. Long-term debt appears on Eit Environmental Development balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Eit Environmental Development balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Non Current Liabilities Other

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 12, 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 Profit1.1B1.2B1.4B966.2M
Total Revenue4.8B5.4B6.2B4.2B

Eit Environmental fundamental ratios Correlations

0.810.980.990.90.931.00.90.930.990.890.990.860.860.960.860.650.990.941.00.850.860.580.860.990.94
0.810.770.830.780.770.840.70.780.860.660.820.630.670.780.780.520.780.770.780.780.740.590.70.830.69
0.980.770.950.920.890.970.910.890.960.850.960.860.880.950.860.651.00.970.980.880.90.620.830.980.93
0.990.830.950.850.940.990.870.950.980.90.980.840.830.930.840.640.950.90.990.80.820.530.850.980.94
0.90.780.920.850.790.880.820.850.930.780.920.810.770.950.720.480.940.940.870.990.930.870.690.910.75
0.930.770.890.940.790.930.960.890.920.970.90.920.940.880.920.780.90.840.930.750.820.490.950.90.93
1.00.840.970.990.880.930.890.930.990.880.980.850.860.950.860.660.980.920.990.830.840.550.860.990.94
0.90.70.910.870.820.960.890.80.880.940.850.940.990.870.940.830.910.870.90.790.860.560.960.870.91
0.930.780.890.950.850.890.930.80.950.860.960.80.730.910.70.460.90.880.920.810.860.610.720.930.82
0.990.860.960.980.930.920.990.880.950.880.990.860.830.980.830.590.970.940.970.90.890.670.820.990.88
0.890.660.850.90.780.970.880.940.860.880.870.910.910.860.850.780.860.780.890.740.770.530.910.840.9
0.990.820.960.980.920.90.980.850.960.990.870.850.80.980.780.540.970.930.970.880.880.650.790.980.88
0.860.630.860.840.810.920.850.940.80.860.910.850.930.910.830.670.880.830.860.780.870.550.910.860.82
0.860.670.880.830.770.940.860.990.730.830.910.80.930.820.960.870.880.830.870.740.810.490.970.830.9
0.960.780.950.930.950.880.950.870.910.980.860.980.910.820.770.530.970.930.940.920.910.710.80.970.84
0.860.780.860.840.720.920.860.940.70.830.850.780.830.960.770.90.840.790.860.690.750.410.960.820.91
0.650.520.650.640.480.780.660.830.460.590.780.540.670.870.530.90.630.530.680.450.450.20.880.590.82
0.990.781.00.950.940.90.980.910.90.970.860.970.880.880.970.840.630.970.980.90.910.650.830.990.92
0.940.770.970.90.940.840.920.870.880.940.780.930.830.830.930.790.530.970.930.910.950.690.740.950.84
1.00.780.980.990.870.930.990.90.920.970.890.970.860.870.940.860.680.980.930.810.830.520.860.980.97
0.850.780.880.80.990.750.830.790.810.90.740.880.780.740.920.690.450.90.910.810.930.920.650.870.68
0.860.740.90.820.930.820.840.860.860.890.770.880.870.810.910.750.450.910.950.830.930.790.720.870.72
0.580.590.620.530.870.490.550.560.610.670.530.650.550.490.710.410.20.650.690.520.920.790.370.60.36
0.860.70.830.850.690.950.860.960.720.820.910.790.910.970.80.960.880.830.740.860.650.720.370.820.91
0.990.830.980.980.910.90.990.870.930.990.840.980.860.830.970.820.590.990.950.980.870.870.60.820.91
0.940.690.930.940.750.930.940.910.820.880.90.880.820.90.840.910.820.920.840.970.680.720.360.910.91
Click cells to compare fundamentals

Eit Environmental Account Relationship Matchups

Eit Environmental fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B4.5B5.2B6.1B7.3B4.1B
Other Current Liab86.4M97.9M119.1M220.5M82.4M101.7M
Total Current Liabilities1.3B1.5B1.6B2.0B2.7B1.5B
Total Stockholder Equity995.0M2.6B2.9B3.3B3.6B2.0B
Other Liab209.9M219.9M230.8M238.5M274.2M205.0M
Net Tangible Assets673.4M2.2B2.5B2.9B3.3B3.5B
Retained Earnings863.0M1.5B1.8B2.2B2.4B1.4B
Accounts Payable247.1M370.8M445.0M572.7M809.9M850.4M
Cash587.4M1.3B1.2B1.0B1.1B813.5M
Non Current Assets Total1.1B1.7B2.1B2.2B2.2B1.5B
Non Currrent Assets Other10.1M142.7M157.0M125.8M210.1M220.6M
Other Assets147.0M314.4M380.1M362.8M417.2M220.9M
Long Term Debt105.0M90M240.5M132.5M263.5M276.6M
Net Receivables927.3M1.0B1.5B2.3B3.3B3.4B
Non Current Liabilities Total314.9M352.0M570.4M441.3M583.7M380.8M
Inventory4.6M8.5M15.5M43.9M40.0M42.0M
Other Current Assets15.8M62.8M63.5M223.1M265.4M278.7M
Total Liab1.6B1.8B2.1B2.5B3.3B1.9B
Short Long Term Debt566.8M617.5M514.5M718M909.1M551.8M
Total Current Assets1.6B2.9B3.2B3.9B5.1B2.6B
Non Current Liabilities Other198.0M198.3M207.8M218.5M224.3M199.7M
Intangible Assets321.6M319.0M283.4M251.4M218.4M296.1M
Property Plant Equipment592.7M730.5M961.8M1.1B1.2B649.5M
Deferred Long Term Liab9.2M57.1M65.7M20.5M23.6M30.4M
Net Invested Capital1.6B3.3B3.6B4.2B4.8B3.0B
Net Working Capital307.9M1.4B1.6B1.9B2.4B1.2B

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Other Information on Investing in Eit Stock

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.