Eco Change In Working Capital vs Free Cash Flow Analysis

ECO Stock

9.98 0.27 2.63%

Eco Oil financial indicator trend analysis is much more than just examining Eco Oil Gas latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eco Oil Gas is a good investment. Please check the relationship between Eco Oil Change In Working Capital and its Free Cash Flow accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eco Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Change In Working Capital vs Free Cash Flow

Change In Working Capital vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Oil Gas Change In Working Capital account and Free Cash Flow. At this time, the significance of the direction appears to have pay attention.

The correlation between Eco Oil's Change In Working Capital and Free Cash Flow is -0.72. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Eco Oil Gas, assuming nothing else is changed. The correlation between historical values of Eco Oil's Change In Working Capital and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Eco Oil Gas are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change In Working Capital i.e., Eco Oil's Change In Working Capital and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.72

Relationship Direction	Negative
Relationship Strength	Weak

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Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Eco Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eco Oil Gas 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 Eco Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At present, Eco Oil's Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 35.7 M, whereas Tax Provision is projected to grow to (509.9 K).

Eco Oil fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Common Stock Total Equity	Common Stock	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Property Plant And Equipment Gross	Short Term Investments	Short Term Debt	Intangible Assets
Total Assets		0.79	1.0	0.0	-0.81	0.77	0.0	-0.01	0.85	-0.15	0.47	0.72	0.8	0.09	0.7	-0.24	0.86	-0.11	0.94	-0.07	0.02	0.5	-0.11	-0.07	-0.2	0.71
Total Current Liabilities	0.79		0.75	0.22	-0.46	0.85	-0.22	-0.23	0.49	0.41	0.61	0.63	1.0	-0.11	0.61	-0.43	0.49	-0.33	0.81	-0.23	-0.22	0.62	-0.33	-0.18	-0.31	0.6
Total Stockholder Equity	1.0	0.75		-0.03	-0.83	0.73	0.03	0.02	0.87	-0.22	0.44	0.71	0.75	0.11	0.69	-0.21	0.88	-0.08	0.93	-0.05	0.05	0.48	-0.08	-0.06	-0.17	0.7
Net Debt	0.0	0.22	-0.03		-0.06	0.27	-1.0	-1.0	-0.09	0.09	0.2	0.35	0.21	-0.99	0.04	-0.84	-0.02	-0.75	0.34	-0.43	-0.58	0.16	-0.75	-0.21	0.1	0.5
Retained Earnings	-0.81	-0.46	-0.83	-0.06		-0.57	0.06	0.06	-0.98	0.28	-0.15	-0.52	-0.47	0.01	-0.39	0.16	-0.99	0.02	-0.79	-0.02	-0.15	-0.35	0.02	-0.05	0.26	-0.64
Accounts Payable	0.77	0.85	0.73	0.27	-0.57		-0.27	-0.27	0.59	0.24	0.19	0.48	0.85	-0.18	0.25	-0.41	0.62	-0.35	0.8	-0.2	-0.19	0.85	-0.35	-0.16	-0.27	0.62
Cash	0.0	-0.22	0.03	-1.0	0.06	-0.27		1.0	0.09	-0.09	-0.2	-0.36	-0.21	0.99	-0.04	0.85	0.02	0.75	-0.34	0.43	0.59	-0.16	0.75	0.23	-0.1	-0.5
Cash And Short Term Investments	-0.01	-0.23	0.02	-1.0	0.06	-0.27	1.0		0.09	-0.1	-0.19	-0.36	-0.21	0.99	-0.04	0.87	0.03	0.76	-0.35	0.44	0.62	-0.17	0.76	0.29	-0.09	-0.51
Common Stock Shares Outstanding	0.85	0.49	0.87	-0.09	-0.98	0.59	0.09	0.09		-0.26	0.13	0.49	0.5	0.15	0.39	-0.06	0.99	0.08	0.78	0.06	0.17	0.4	0.08	0.04	-0.29	0.57
Non Current Liabilities Total	-0.15	0.41	-0.22	0.09	0.28	0.24	-0.09	-0.1	-0.26		0.19	-0.12	0.4	-0.06	-0.17	-0.1	-0.32	-0.18	-0.13	-0.1	-0.21	0.23	-0.18	-0.14	-0.3	-0.26
Other Current Assets	0.47	0.61	0.44	0.2	-0.15	0.19	-0.2	-0.19	0.13	0.19		0.72	0.62	-0.11	0.87	-0.25	0.13	-0.21	0.5	-0.13	-0.06	-0.11	-0.21	-0.02	-0.08	0.36
Other Stockholder Equity	0.72	0.63	0.71	0.35	-0.52	0.48	-0.36	-0.36	0.49	-0.12	0.72		0.63	-0.29	0.73	-0.53	0.53	-0.46	0.8	-0.26	-0.26	0.12	-0.46	-0.21	-0.02	0.63
Total Liab	0.8	1.0	0.75	0.21	-0.47	0.85	-0.21	-0.21	0.5	0.4	0.62	0.63		-0.1	0.62	-0.4	0.5	-0.31	0.81	-0.22	-0.19	0.62	-0.31	-0.13	-0.32	0.6
Total Current Assets	0.09	-0.11	0.11	-0.99	0.01	-0.18	0.99	0.99	0.15	-0.06	-0.11	-0.29	-0.1		0.04	0.84	0.08	0.76	-0.25	0.44	0.61	-0.08	0.76	0.28	-0.13	-0.45
Other Current Liab	0.7	0.61	0.69	0.04	-0.39	0.25	-0.04	-0.04	0.39	-0.17	0.87	0.73	0.62	0.04		-0.23	0.41	-0.09	0.66	-0.1	0.0	-0.02	-0.09	-0.03	-0.06	0.57
Common Stock Total Equity	-0.24	-0.43	-0.21	-0.84	0.16	-0.41	0.85	0.87	-0.06	-0.1	-0.25	-0.53	-0.4	0.84	-0.23		-0.11	0.82	-0.52	0.53	0.81	-0.23	0.82	0.58	-0.07	-0.66
Common Stock	0.86	0.49	0.88	-0.02	-0.99	0.62	0.02	0.03	0.99	-0.32	0.13	0.53	0.5	0.08	0.41	-0.11		0.01	0.81	0.03	0.18	0.41	0.01	0.06	-0.24	0.64
Property Plant And Equipment Net	-0.11	-0.33	-0.08	-0.75	0.02	-0.35	0.75	0.76	0.08	-0.18	-0.21	-0.46	-0.31	0.76	-0.09	0.82	0.01		-0.36	0.6	0.55	-0.04	1.0	0.34	-0.33	-0.46
Non Current Assets Total	0.94	0.81	0.93	0.34	-0.79	0.8	-0.34	-0.35	0.78	-0.13	0.5	0.8	0.81	-0.25	0.66	-0.52	0.81	-0.36		-0.22	-0.19	0.52	-0.36	-0.16	-0.14	0.84
Non Currrent Assets Other	-0.07	-0.23	-0.05	-0.43	-0.02	-0.2	0.43	0.44	0.06	-0.1	-0.13	-0.26	-0.22	0.44	-0.1	0.53	0.03	0.6	-0.22		0.33	0.04	0.6	0.2	-0.2	-0.27
Other Assets	0.02	-0.22	0.05	-0.58	-0.15	-0.19	0.59	0.62	0.17	-0.21	-0.06	-0.26	-0.19	0.61	0.0	0.81	0.18	0.55	-0.19	0.33		-0.18	0.55	0.66	-0.06	-0.24
Net Receivables	0.5	0.62	0.48	0.16	-0.35	0.85	-0.16	-0.17	0.4	0.23	-0.11	0.12	0.62	-0.08	-0.02	-0.23	0.41	-0.04	0.52	0.04	-0.18		-0.04	-0.13	-0.34	0.36
Property Plant And Equipment Gross	-0.11	-0.33	-0.08	-0.75	0.02	-0.35	0.75	0.76	0.08	-0.18	-0.21	-0.46	-0.31	0.76	-0.09	0.82	0.01	1.0	-0.36	0.6	0.55	-0.04		0.34	-0.33	-0.46
Short Term Investments	-0.07	-0.18	-0.06	-0.21	-0.05	-0.16	0.23	0.29	0.04	-0.14	-0.02	-0.21	-0.13	0.28	-0.03	0.58	0.06	0.34	-0.16	0.2	0.66	-0.13	0.34		0.07	-0.23
Short Term Debt	-0.2	-0.31	-0.17	0.1	0.26	-0.27	-0.1	-0.09	-0.29	-0.3	-0.08	-0.02	-0.32	-0.13	-0.06	-0.07	-0.24	-0.33	-0.14	-0.2	-0.06	-0.34	-0.33	0.07		-0.19
Intangible Assets	0.71	0.6	0.7	0.5	-0.64	0.62	-0.5	-0.51	0.57	-0.26	0.36	0.63	0.6	-0.45	0.57	-0.66	0.64	-0.46	0.84	-0.27	-0.24	0.36	-0.46	-0.23	-0.19

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Eco Oil Account Relationship Matchups

Eco Oil fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.9M	16.9M	45.9M	55.6M	31.3M	1.1M
Total Current Liabilities	350.4K	621.2K	5.6M	5.0M	1.2M	38.8K
Total Stockholder Equity	19.5M	16.0M	40.2M	50.7M	30.0M	1.0M
Net Debt	(18.7M)	(11.5M)	(3.4M)	(4.1M)	(3.0M)	(1.0M)
Retained Earnings	(38.7M)	(44.8M)	(51.4M)	(88.0M)	(109.1M)	(965.6K)
Accounts Payable	350.4K	501.0K	1.8M	4.3M	1.0M	45.5K
Cash	18.7M	11.8M	3.4M	4.1M	3.0M	1.0M
Cash And Short Term Investments	18.7M	13.4M	3.5M	4.1M	3.0M	1.0M
Common Stock Shares Outstanding	182.8M	184.7M	202.7M	349.6M	369.3M	5.0M
Liabilities And Stockholders Equity	19.9M	16.9M	45.9M	55.6M	31.3M	1.1M
Non Current Liabilities Total	740.7K	350.4K	325.9K	1.9M	0.0	45.5K
Other Current Assets	45.6K	193.7K	2.1M	15.0K	17.3K	16.4K
Other Stockholder Equity	2.4M	2.7M	29.5M	17.6M	17.7M	2.0M
Total Liab	350.4K	947.1K	5.6M	5.0M	1.2M	38.8K
Total Current Assets	18.8M	13.6M	5.8M	6.2M	3.1M	1.1M
Accumulated Other Comprehensive Income	251.4K	(930.4K)	(1.0M)	(538.1K)	(647.8K)	(455.93)
Common Stock Total Equity	37.5M	55.6M	59.1M	1.3M	1.5M	1.4M
Common Stock	55.6M	59.1M	63.1M	121.6M	122.1M	1.3M
Non Current Assets Total	1.1M	3.3M	40.0M	49.5M	28.2M	5.6K
Net Receivables	65.6K	262.8K	285.4K	2.0M	115.1K	28.2K
Short Term Investments	52.8K	1.6M	52.6K	13.1K	15.1K	14.3K
Short Term Debt	0.28	1.0	52.8K	23.0K	20.7K	19.7K
Intangible Assets	1.1M	2.5M	30.8M	40.9M	28.2M	29.6M
Net Tangible Assets	25.1M	27.7M	14.6M	40.2M	46.3M	48.6M
Net Invested Capital	19.5M	16.0M	40.2M	50.7M	30.0M	29.5M
Net Working Capital	18.5M	13.0M	191.7K	1.2M	1.8M	1.8M
Capital Stock	55.6M	59.1M	63.1M	121.6M	122.1M	84.1M

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Other Information on Investing in Eco Stock

Balance Sheet is a snapshot of the financial position of Eco Oil Gas at a specified time, usually calculated after every quarter, six months, or one year. Eco Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eco Oil 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 Eco currently owns. An asset can also be divided into two categories, current and non-current.

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Eco Change In Working Capital vs Free Cash Flow Analysis

Change In Working Capital vs Free Cash Flow

Change In Working Capital vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change In Working Capital

Free Cash Flow

Eco Oil fundamental ratios Correlations

Eco Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eco Oil fundamental ratios Accounts

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Other Information on Investing in Eco Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 0.99	Cash
Total Current Assets	+ 0.99	Cash And Short Term Investments

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Common Stock	- 0.99	Retained Earnings
Total Current Assets	- 0.99	Net Debt
Common Stock Shares Outstanding	- 0.98	Retained Earnings
Common Stock Total Equity	- 0.84	Net Debt