Eco Non Currrent Assets Other vs Other Stockholder Equity Analysis

ECO Stock   10.25  0.55  5.67%   
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 Non Currrent Assets Other and its Other Stockholder Equity 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.

Non Currrent Assets Other vs Other Stockholder Equity

Non Currrent Assets Other vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Oil Gas Non Currrent Assets Other account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Eco Oil's Non Currrent Assets Other and Other Stockholder Equity is -0.26. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Other Stockholder Equity 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 Non Currrent Assets Other and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Eco Oil Gas are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Non Currrent Assets Other i.e., Eco Oil's Non Currrent Assets Other and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Other Stockholder Equity

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

0.791.00.0-0.810.770.0-0.010.85-0.150.470.720.80.090.7-0.240.86-0.110.94-0.070.020.5-0.11-0.07-0.20.71
0.790.750.22-0.460.85-0.22-0.230.490.410.610.631.0-0.110.61-0.430.49-0.330.81-0.23-0.220.62-0.33-0.18-0.310.6
1.00.75-0.03-0.830.730.030.020.87-0.220.440.710.750.110.69-0.210.88-0.080.93-0.050.050.48-0.08-0.06-0.170.7
0.00.22-0.03-0.060.27-1.0-1.0-0.090.090.20.350.21-0.990.04-0.84-0.02-0.750.34-0.43-0.580.16-0.75-0.210.10.5
-0.81-0.46-0.83-0.06-0.570.060.06-0.980.28-0.15-0.52-0.470.01-0.390.16-0.990.02-0.79-0.02-0.15-0.350.02-0.050.26-0.64
0.770.850.730.27-0.57-0.27-0.270.590.240.190.480.85-0.180.25-0.410.62-0.350.8-0.2-0.190.85-0.35-0.16-0.270.62
0.0-0.220.03-1.00.06-0.271.00.09-0.09-0.2-0.36-0.210.99-0.040.850.020.75-0.340.430.59-0.160.750.23-0.1-0.5
-0.01-0.230.02-1.00.06-0.271.00.09-0.1-0.19-0.36-0.210.99-0.040.870.030.76-0.350.440.62-0.170.760.29-0.09-0.51
0.850.490.87-0.09-0.980.590.090.09-0.260.130.490.50.150.39-0.060.990.080.780.060.170.40.080.04-0.290.57
-0.150.41-0.220.090.280.24-0.09-0.1-0.260.19-0.120.4-0.06-0.17-0.1-0.32-0.18-0.13-0.1-0.210.23-0.18-0.14-0.3-0.26
0.470.610.440.2-0.150.19-0.2-0.190.130.190.720.62-0.110.87-0.250.13-0.210.5-0.13-0.06-0.11-0.21-0.02-0.080.36
0.720.630.710.35-0.520.48-0.36-0.360.49-0.120.720.63-0.290.73-0.530.53-0.460.8-0.26-0.260.12-0.46-0.21-0.020.63
0.81.00.750.21-0.470.85-0.21-0.210.50.40.620.63-0.10.62-0.40.5-0.310.81-0.22-0.190.62-0.31-0.13-0.320.6
0.09-0.110.11-0.990.01-0.180.990.990.15-0.06-0.11-0.29-0.10.040.840.080.76-0.250.440.61-0.080.760.28-0.13-0.45
0.70.610.690.04-0.390.25-0.04-0.040.39-0.170.870.730.620.04-0.230.41-0.090.66-0.10.0-0.02-0.09-0.03-0.060.57
-0.24-0.43-0.21-0.840.16-0.410.850.87-0.06-0.1-0.25-0.53-0.40.84-0.23-0.110.82-0.520.530.81-0.230.820.58-0.07-0.66
0.860.490.88-0.02-0.990.620.020.030.99-0.320.130.530.50.080.41-0.110.010.810.030.180.410.010.06-0.240.64
-0.11-0.33-0.08-0.750.02-0.350.750.760.08-0.18-0.21-0.46-0.310.76-0.090.820.01-0.360.60.55-0.041.00.34-0.33-0.46
0.940.810.930.34-0.790.8-0.34-0.350.78-0.130.50.80.81-0.250.66-0.520.81-0.36-0.22-0.190.52-0.36-0.16-0.140.84
-0.07-0.23-0.05-0.43-0.02-0.20.430.440.06-0.1-0.13-0.26-0.220.44-0.10.530.030.6-0.220.330.040.60.2-0.2-0.27
0.02-0.220.05-0.58-0.15-0.190.590.620.17-0.21-0.06-0.26-0.190.610.00.810.180.55-0.190.33-0.180.550.66-0.06-0.24
0.50.620.480.16-0.350.85-0.16-0.170.40.23-0.110.120.62-0.08-0.02-0.230.41-0.040.520.04-0.18-0.04-0.13-0.340.36
-0.11-0.33-0.08-0.750.02-0.350.750.760.08-0.18-0.21-0.46-0.310.76-0.090.820.011.0-0.360.60.55-0.040.34-0.33-0.46
-0.07-0.18-0.06-0.21-0.05-0.160.230.290.04-0.14-0.02-0.21-0.130.28-0.030.580.060.34-0.160.20.66-0.130.340.07-0.23
-0.2-0.31-0.170.10.26-0.27-0.1-0.09-0.29-0.3-0.08-0.02-0.32-0.13-0.06-0.07-0.24-0.33-0.14-0.2-0.06-0.34-0.330.07-0.19
0.710.60.70.5-0.640.62-0.5-0.510.57-0.260.360.630.6-0.450.57-0.660.64-0.460.84-0.27-0.240.36-0.46-0.23-0.19
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Eco Oil Account Relationship Matchups

Eco Oil fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets19.9M16.9M45.9M55.6M31.3M1.1M
Total Current Liabilities350.4K621.2K5.6M5.0M1.2M38.8K
Total Stockholder Equity19.5M16.0M40.2M50.7M30.0M1.0M
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 Payable350.4K501.0K1.8M4.3M1.0M45.5K
Cash18.7M11.8M3.4M4.1M3.0M1.0M
Cash And Short Term Investments18.7M13.4M3.5M4.1M3.0M1.0M
Common Stock Shares Outstanding182.8M184.7M202.7M349.6M369.3M5.0M
Liabilities And Stockholders Equity19.9M16.9M45.9M55.6M31.3M1.1M
Non Current Liabilities Total740.7K350.4K325.9K1.9M0.045.5K
Other Current Assets45.6K193.7K2.1M15.0K17.3K16.4K
Other Stockholder Equity2.4M2.7M29.5M17.6M17.7M2.0M
Total Liab350.4K947.1K5.6M5.0M1.2M38.8K
Total Current Assets18.8M13.6M5.8M6.2M3.1M1.1M
Accumulated Other Comprehensive Income251.4K(930.4K)(1.0M)(538.1K)(647.8K)(455.93)
Common Stock Total Equity37.5M55.6M59.1M1.3M1.5M1.4M
Common Stock55.6M59.1M63.1M121.6M122.1M1.3M
Non Current Assets Total1.1M3.3M40.0M49.5M28.2M5.6K
Net Receivables65.6K262.8K285.4K2.0M115.1K28.2K
Short Term Investments52.8K1.6M52.6K13.1K15.1K14.3K
Short Term Debt0.281.052.8K23.0K20.7K19.7K
Intangible Assets1.1M2.5M30.8M40.9M28.2M29.6M
Net Tangible Assets25.1M27.7M14.6M40.2M46.3M48.6M
Net Invested Capital19.5M16.0M40.2M50.7M30.0M29.5M
Net Working Capital18.5M13.0M191.7K1.2M1.8M1.8M
Capital Stock55.6M59.1M63.1M121.6M122.1M84.1M

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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.