EMCORE Total Permanent Equity vs Long Term Debt Analysis

EMKR Stock

USD 2.93 0.06 2.01%

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

To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.

Total Permanent Equity vs Long Term Debt

Total Permanent Equity vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EMCORE Total Permanent Equity account and Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between EMCORE's Total Permanent Equity and Long Term Debt is 0.59. Overlapping area represents the amount of variation of Total Permanent Equity that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of EMCORE, assuming nothing else is changed. The correlation between historical values of EMCORE's Total Permanent Equity and Long Term Debt 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 Permanent Equity of EMCORE are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Permanent Equity i.e., EMCORE's Total Permanent Equity and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Permanent Equity

Long Term Debt

Long-term debt is a debt that EMCORE has held for over one year. Long-term debt appears on EMCORE 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 EMCORE 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.

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

To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.At this time, EMCORE's Tax Provision is relatively stable compared to the past year. As of 12/12/2024, Issuance Of Capital Stock is likely to grow to about 41.4 M, while Selling General Administrative is likely to drop slightly above 31.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	29.7M	23.4M	26.9M	31.1M
Total Revenue	124.1M	97.7M	112.4M	135.5M

Gross Profit Total Revenue

EMCORE fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Good Will	Short Term Debt	Intangible Assets	Common Stock Total Equity
Total Assets		0.37	0.39	0.54	0.8	0.61	-0.07	-0.81	0.47	0.25	0.64	0.16	0.25	0.72	0.36	0.17	0.75	0.48	-0.3	0.58	0.61	0.74	0.49	0.36	0.15	0.77
Short Long Term Debt Total	0.37		0.47	0.32	0.08	0.72	0.72	-0.38	0.21	-0.46	0.76	0.18	-0.4	0.37	-0.41	0.89	0.62	0.5	-0.01	0.71	0.72	-0.02	0.32	-0.04	0.82	0.24
Other Current Liab	0.39	0.47		0.88	-0.16	0.77	0.71	-0.36	0.73	-0.68	0.81	-0.09	-0.68	0.73	0.0	0.18	0.52	0.54	0.46	0.88	0.77	-0.19	0.76	0.55	0.23	0.21
Total Current Liabilities	0.54	0.32	0.88		0.05	0.63	0.45	-0.43	0.91	-0.43	0.73	0.08	-0.42	0.82	0.36	-0.04	0.51	0.59	0.46	0.86	0.63	0.08	0.81	0.76	0.01	0.25
Total Stockholder Equity	0.8	0.08	-0.16	0.05		0.16	-0.51	-0.68	0.03	0.69	0.16	0.14	0.71	0.38	0.37	0.0	0.45	0.29	-0.62	0.03	0.16	0.94	-0.01	0.08	-0.04	0.73
Property Plant And Equipment Net	0.61	0.72	0.77	0.63	0.16		0.68	-0.56	0.53	-0.54	0.94	0.02	-0.53	0.63	-0.26	0.56	0.82	0.43	0.05	0.86	1.0	0.01	0.66	0.17	0.51	0.42
Net Debt	-0.07	0.72	0.71	0.45	-0.51	0.68		0.01	0.34	-0.94	0.7	0.05	-0.92	0.29	-0.48	0.59	0.38	0.29	0.47	0.69	0.69	-0.61	0.48	0.08	0.59	-0.16
Retained Earnings	-0.81	-0.38	-0.36	-0.43	-0.68	-0.56	0.01		-0.39	-0.18	-0.5	-0.23	-0.2	-0.66	-0.18	-0.25	-0.76	-0.67	0.57	-0.5	-0.56	-0.67	-0.17	-0.1	-0.2	-0.92
Accounts Payable	0.47	0.21	0.73	0.91	0.03	0.53	0.34	-0.39		-0.34	0.57	0.16	-0.33	0.74	0.27	-0.07	0.52	0.56	0.35	0.77	0.53	0.12	0.65	0.55	-0.11	0.2
Cash	0.25	-0.46	-0.68	-0.43	0.69	-0.54	-0.94	-0.18	-0.34		-0.55	0.0	0.99	-0.19	0.4	-0.34	-0.19	-0.13	-0.61	-0.56	-0.54	0.78	-0.49	-0.14	-0.37	0.33
Non Current Assets Total	0.64	0.76	0.81	0.73	0.16	0.94	0.7	-0.5	0.57	-0.55		0.13	-0.54	0.67	-0.06	0.5	0.75	0.46	0.21	0.91	0.94	0.0	0.79	0.38	0.53	0.35
Non Currrent Assets Other	0.16	0.18	-0.09	0.08	0.14	0.02	0.05	-0.23	0.16	0.0	0.13		0.01	-0.01	0.28	0.15	0.36	0.27	-0.16	0.14	0.02	0.14	0.09	-0.04	0.35	0.2
Cash And Short Term Investments	0.25	-0.4	-0.68	-0.42	0.71	-0.53	-0.92	-0.2	-0.33	0.99	-0.54	0.01		-0.18	0.37	-0.3	-0.17	-0.08	-0.62	-0.54	-0.53	0.8	-0.52	-0.14	-0.34	0.31
Net Receivables	0.72	0.37	0.73	0.82	0.38	0.63	0.29	-0.66	0.74	-0.19	0.67	-0.01	-0.18		0.31	0.04	0.64	0.67	0.15	0.74	0.63	0.39	0.6	0.6	-0.05	0.54
Common Stock Shares Outstanding	0.36	-0.41	0.0	0.36	0.37	-0.26	-0.48	-0.18	0.27	0.4	-0.06	0.28	0.37	0.31		-0.67	-0.12	0.14	0.15	-0.02	-0.26	0.43	0.35	0.73	-0.48	0.19
Non Current Liabilities Total	0.17	0.89	0.18	-0.04	0.0	0.56	0.59	-0.25	-0.07	-0.34	0.5	0.15	-0.3	0.04	-0.67		0.54	0.28	-0.23	0.46	0.56	-0.07	0.01	-0.45	0.89	0.2
Inventory	0.75	0.62	0.52	0.51	0.45	0.82	0.38	-0.76	0.52	-0.19	0.75	0.36	-0.17	0.64	-0.12	0.54		0.58	-0.28	0.73	0.82	0.39	0.42	0.0	0.5	0.72
Other Current Assets	0.48	0.5	0.54	0.59	0.29	0.43	0.29	-0.67	0.56	-0.13	0.46	0.27	-0.08	0.67	0.14	0.28	0.58		-0.14	0.61	0.43	0.38	0.18	0.24	0.28	0.54
Other Stockholder Equity	-0.3	-0.01	0.46	0.46	-0.62	0.05	0.47	0.57	0.35	-0.61	0.21	-0.16	-0.62	0.15	0.15	-0.23	-0.28	-0.14		0.3	0.05	-0.62	0.59	0.61	-0.13	-0.66
Total Liab	0.58	0.71	0.88	0.86	0.03	0.86	0.69	-0.5	0.77	-0.56	0.91	0.14	-0.54	0.74	-0.02	0.46	0.73	0.61	0.3		0.86	0.01	0.76	0.44	0.45	0.33
Property Plant And Equipment Gross	0.61	0.72	0.77	0.63	0.16	1.0	0.69	-0.56	0.53	-0.54	0.94	0.02	-0.53	0.63	-0.26	0.56	0.82	0.43	0.05	0.86		0.01	0.66	0.17	0.51	0.42
Total Current Assets	0.74	-0.02	-0.19	0.08	0.94	0.01	-0.61	-0.67	0.12	0.78	0.0	0.14	0.8	0.39	0.43	-0.07	0.39	0.38	-0.62	0.01	0.01		-0.12	0.08	-0.14	0.72
Good Will	0.49	0.32	0.76	0.81	-0.01	0.66	0.48	-0.17	0.65	-0.49	0.79	0.09	-0.52	0.6	0.35	0.01	0.42	0.18	0.59	0.76	0.66	-0.12		0.74	0.13	0.07
Short Term Debt	0.36	-0.04	0.55	0.76	0.08	0.17	0.08	-0.1	0.55	-0.14	0.38	-0.04	-0.14	0.6	0.73	-0.45	0.0	0.24	0.61	0.44	0.17	0.08	0.74		-0.3	0.0
Intangible Assets	0.15	0.82	0.23	0.01	-0.04	0.51	0.59	-0.2	-0.11	-0.37	0.53	0.35	-0.34	-0.05	-0.48	0.89	0.5	0.28	-0.13	0.45	0.51	-0.14	0.13	-0.3		0.18
Common Stock Total Equity	0.77	0.24	0.21	0.25	0.73	0.42	-0.16	-0.92	0.2	0.33	0.35	0.2	0.31	0.54	0.19	0.2	0.72	0.54	-0.66	0.33	0.42	0.72	0.07	0.0	0.18

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EMCORE Account Relationship Matchups

EMCORE fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	126.2M	180.8M	189.1M	143.9M	129.5M	145.7M
Short Long Term Debt Total	21.2M	13.9M	39.3M	34.5M	31.1M	40.6M
Other Current Liab	8.8M	8.6M	10.5M	13.6M	12.2M	10.0M
Total Current Liabilities	29.1M	27.8M	29.2M	28.8M	33.1M	43.0M
Total Stockholder Equity	74.1M	137.5M	118.8M	80.3M	92.3M	114.4M
Property Plant And Equipment Net	35.6M	36.0M	61.1M	37.1M	33.4M	39.5M
Net Debt	(9.2M)	(57.7M)	13.7M	8.3M	7.5M	7.9M
Retained Earnings	(623.4M)	(597.8M)	(622.1M)	(697.5M)	(627.7M)	(659.1M)
Accounts Payable	16.5M	16.7M	10.4M	9.7M	11.1M	18.4M
Cash	30.4M	71.6M	25.6M	26.2M	30.1M	35.0M
Non Current Assets Total	36.1M	36.5M	93.9M	51.6M	46.4M	59.5M
Non Currrent Assets Other	242K	225K	2.4M	2.2M	2.0M	1.9M
Cash And Short Term Investments	30.4M	71.6M	25.6M	26.7M	30.7M	48.7M
Net Receivables	26.9M	32.2M	17.6M	24.0M	27.6M	29.3M
Common Stock Shares Outstanding	2.9M	3.6M	3.7M	5.2M	5.9M	5.6M
Liabilities And Stockholders Equity	126.2M	180.8M	189.1M	143.9M	129.5M	145.7M
Non Current Liabilities Total	23.0M	15.5M	41.0M	34.8M	31.3M	30.6M
Inventory	25.5M	32.3M	37.0M	28.9M	33.2M	29.4M
Other Current Assets	7.3M	8.2M	5.4M	12.8M	14.7M	15.5M
Total Liab	52.1M	43.3M	70.3M	63.6M	57.3M	62.1M
Property Plant And Equipment Gross	35.6M	36.0M	61.1M	37.1M	33.4M	39.6M
Total Current Assets	90.1M	144.3M	95.2M	92.4M	106.2M	117.4M
Accumulated Other Comprehensive Income	918K	687K	1.3M	350K	402.5K	422.6K
Short Term Debt	2.0M	2.4M	3.0M	3.9M	4.5M	8.1M
Intangible Assets	202K	167K	14.8M	12.2M	11.0M	7.1M
Common Stock Total Equity	734.1M	739.9M	744.4M	782.3M	899.6M	635.9M
Common Stock	744.4M	782.3M	787.3M	825.1M	948.9M	658.3M
Other Liab	2.1M	2.8M	2.8M	4.8M	4.3M	2.7M
Other Assets	242K	225K	2.4M	(45K)	(40.5K)	(38.5K)
Property Plant Equipment	37.2M	21.1M	22.5M	61.1M	55.0M	42.6M
Current Deferred Revenue	502K	364K	5.3M	1.6M	1.5M	1.4M
Net Tangible Assets	76.4M	73.9M	137.2M	86.1M	99.1M	103.7M
Retained Earnings Total Equity	(580.4M)	(616.4M)	(623.4M)	(597.8M)	(538.0M)	(564.9M)
Non Current Liabilities Other	23.0M	15.5M	106K	8K	7.2K	6.8K

Pair Trading with EMCORE

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EMCORE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EMCORE will appreciate offsetting losses from the drop in the long position's value.

Moving together with EMCORE Stock

0.69	EXTR	Extreme Networks	Pair Corr
0.89	HPE	Hewlett Packard Ente Sell-off Trend	Pair Corr
0.61	HPQ	HP Inc	Pair Corr

Moving against EMCORE Stock

0.58	JNPR	Juniper Networks	Pair Corr
0.47	DM	Desktop Metal	Pair Corr
0.45	SMCI	Super Micro Computer Downward Rally	Pair Corr

The ability to find closely correlated positions to EMCORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMCORE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EMCORE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EMCORE to buy it.

The correlation of EMCORE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EMCORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMCORE moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for EMCORE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for EMCORE Stock Analysis

When running EMCORE's price analysis, check to measure EMCORE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.

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