Eco Total Liab vs Total Current Liabilities 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 Total Liab and its Total Current Liabilities 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.
Total Liab vs Total Current Liabilities
Total Liab vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Oil Gas Total Liab account and Total Current Liabilities. At this time, the significance of the direction appears to have totally related.
The correlation between Eco Oil's Total Liab and Total Current Liabilities is 1.0. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Total Current Liabilities 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 Total Liab and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Eco Oil Gas are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Liab i.e., Eco Oil's Total Liab and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Total Current Liabilities
Total Current Liabilities is an item on Eco Oil balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Eco Oil Gas are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.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
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Eco Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.