| ECO Stock | | | CAD 3.96 0.04 1.00% |
EcoSynthetix financial indicator trend analysis is much more than just examining EcoSynthetix latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EcoSynthetix is a good investment. Please check the relationship between EcoSynthetix Net Debt and its Cash And Short Term Investments accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EcoSynthetix. 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.
Net Debt vs Cash And Short Term Investments
Net Debt vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
EcoSynthetix Net Debt account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between EcoSynthetix's Net Debt and Cash And Short Term Investments is -0.91. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of EcoSynthetix, assuming nothing else is changed. The correlation between historical values of EcoSynthetix's Net Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of EcoSynthetix are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., EcoSynthetix's Net Debt and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.91 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of EcoSynthetix balance sheet. This account contains EcoSynthetix investments that will expire within one year. These investments include stocks and bonds that can be liquidated by EcoSynthetix fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from EcoSynthetix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EcoSynthetix 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 EcoSynthetix. 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.
At this time, EcoSynthetix's
Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024,
Enterprise Value is likely to grow to about 163.4
M, while
Enterprise Value Over EBITDA is likely to drop
(50.45).
EcoSynthetix fundamental ratios Correlations
Click cells to compare fundamentals
EcoSynthetix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EcoSynthetix fundamental ratios Accounts
Other Information on Investing in EcoSynthetix Stock
Balance Sheet is a snapshot of the
financial position of EcoSynthetix at a specified time, usually calculated after every quarter, six months, or one year. EcoSynthetix Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of EcoSynthetix 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 EcoSynthetix currently owns. An asset can also be divided into two categories, current and non-current.