Emerald Cash And Short Term Investments vs Total Assets Analysis

EMR Stock

3.83 0.01 0.26%

Emerald Resources financial indicator trend analysis is much more than just examining Emerald Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Emerald Resources is a good investment. Please check the relationship between Emerald Resources Cash And Short Term Investments and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emerald Resources NL. 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.

Cash And Short Term Investments vs Total Assets

Cash And Short Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Emerald Resources Cash And Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Emerald Resources' Cash And Short Term Investments and Total Assets is 0.84. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Emerald Resources NL, assuming nothing else is changed. The correlation between historical values of Emerald Resources' Cash And Short Term Investments and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Emerald Resources NL are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Cash And Short Term Investments i.e., Emerald Resources' Cash And Short Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Emerald Resources balance sheet. This account contains Emerald Resources investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Emerald Resources NL 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.

Total Assets

Total assets refers to the total amount of Emerald Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Emerald Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Emerald Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Emerald Resources 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 Emerald Resources NL. 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, Emerald Resources' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 41.3 M in 2024, whereas Discontinued Operations is likely to drop (6.6 M) in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	111.5M	182.6M	204.5M	214.8M
Total Revenue	206.5M	297.7M	366.0M	384.3M

Cost Of Revenue Total Revenue

Emerald Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Other Current Assets	Non Current Liabilities Total	Inventory
Total Assets		0.31	0.93	0.97	0.98	0.51	-0.39	0.74	0.98	0.84	0.99	0.49	0.84	0.86	0.88	-0.15	0.48	0.9	0.94	0.86	0.99	0.97	0.99	-0.15	0.59	0.95
Short Long Term Debt Total	0.31		0.2	0.35	0.18	-0.52	0.45	-0.28	0.46	0.1	0.37	-0.17	0.1	0.53	0.57	-0.02	0.23	0.57	0.12	0.57	0.34	0.33	0.37	-0.43	0.67	0.28
Other Current Liab	0.93	0.2		0.96	0.91	0.6	-0.26	0.72	0.93	0.69	0.94	0.51	0.68	0.83	0.75	-0.17	0.55	0.84	0.84	0.81	0.91	0.93	0.94	0.1	0.5	0.87
Total Current Liabilities	0.97	0.35	0.96		0.94	0.47	-0.21	0.72	0.98	0.71	0.99	0.52	0.7	0.92	0.83	-0.17	0.56	0.91	0.85	0.92	0.94	0.95	0.98	-0.06	0.6	0.94
Total Stockholder Equity	0.98	0.18	0.91	0.94		0.61	-0.51	0.83	0.93	0.86	0.97	0.52	0.85	0.78	0.82	-0.12	0.43	0.8	0.94	0.78	0.98	0.96	0.97	-0.15	0.45	0.94
Current Deferred Revenue	0.51	-0.52	0.6	0.47	0.61		-0.61	0.78	0.41	0.51	0.48	0.21	0.51	0.13	0.21	-0.11	0.11	0.21	0.55	0.18	0.49	0.57	0.49	0.25	-0.14	0.43
Net Debt	-0.39	0.45	-0.26	-0.21	-0.51	-0.61		-0.6	-0.2	-0.74	-0.29	-0.26	-0.74	0.04	-0.27	0.02	0.18	-0.05	-0.63	0.07	-0.44	-0.35	-0.29	0.1	0.15	-0.35
Retained Earnings	0.74	-0.28	0.72	0.72	0.83	0.78	-0.6		0.63	0.63	0.72	0.67	0.63	0.49	0.37	-0.09	0.39	0.42	0.73	0.52	0.69	0.71	0.71	0.01	-0.03	0.77
Accounts Payable	0.98	0.46	0.93	0.98	0.93	0.41	-0.2	0.63		0.75	0.99	0.42	0.75	0.92	0.89	-0.17	0.54	0.95	0.86	0.92	0.96	0.96	0.99	-0.17	0.7	0.93
Cash	0.84	0.1	0.69	0.71	0.86	0.51	-0.74	0.63	0.75		0.77	0.32	1.0	0.56	0.82	-0.18	0.14	0.7	0.96	0.53	0.87	0.8	0.77	-0.2	0.52	0.76
Non Current Assets Total	0.99	0.37	0.94	0.99	0.97	0.48	-0.29	0.72	0.99	0.77		0.48	0.77	0.89	0.87	-0.14	0.53	0.91	0.88	0.9	0.98	0.98	1.0	-0.17	0.59	0.96
Non Currrent Assets Other	0.49	-0.17	0.51	0.52	0.52	0.21	-0.26	0.67	0.42	0.32	0.48		0.33	0.59	0.18	-0.04	0.6	0.34	0.48	0.47	0.42	0.34	0.46	0.05	0.04	0.65
Cash And Short Term Investments	0.84	0.1	0.68	0.7	0.85	0.51	-0.74	0.63	0.75	1.0	0.77	0.33		0.55	0.81	-0.17	0.14	0.69	0.96	0.53	0.87	0.79	0.77	-0.2	0.51	0.75
Net Receivables	0.86	0.53	0.83	0.92	0.78	0.13	0.04	0.49	0.92	0.56	0.89	0.59	0.55		0.79	-0.17	0.68	0.94	0.71	0.95	0.82	0.79	0.88	-0.14	0.74	0.88
Common Stock Total Equity	0.88	0.57	0.75	0.83	0.82	0.21	-0.27	0.37	0.89	0.82	0.87	0.18	0.81	0.79		-0.13	0.26	0.91	0.84	0.78	0.92	0.87	0.87	-0.25	0.79	0.78
Common Stock Shares Outstanding	-0.15	-0.02	-0.17	-0.17	-0.12	-0.11	0.02	-0.09	-0.17	-0.18	-0.14	-0.04	-0.17	-0.17	-0.13		0.14	-0.23	-0.19	-0.2	-0.12	-0.13	-0.14	-0.17	-0.25	-0.08
Other Stockholder Equity	0.48	0.23	0.55	0.56	0.43	0.11	0.18	0.39	0.54	0.14	0.53	0.6	0.14	0.68	0.26	0.14		0.51	0.3	0.56	0.4	0.44	0.52	-0.2	0.33	0.62
Total Liab	0.9	0.57	0.84	0.91	0.8	0.21	-0.05	0.42	0.95	0.7	0.91	0.34	0.69	0.94	0.91	-0.23	0.51		0.8	0.92	0.88	0.86	0.9	-0.12	0.87	0.83
Total Current Assets	0.94	0.12	0.84	0.85	0.94	0.55	-0.63	0.73	0.86	0.96	0.88	0.48	0.96	0.71	0.84	-0.19	0.3	0.8		0.69	0.94	0.87	0.88	-0.06	0.55	0.86
Short Term Debt	0.86	0.57	0.81	0.92	0.78	0.18	0.07	0.52	0.92	0.53	0.9	0.47	0.53	0.95	0.78	-0.2	0.56	0.92	0.69		0.81	0.82	0.89	-0.11	0.69	0.83
Common Stock	0.99	0.34	0.91	0.94	0.98	0.49	-0.44	0.69	0.96	0.87	0.98	0.42	0.87	0.82	0.92	-0.12	0.4	0.88	0.94	0.81		0.97	0.98	-0.19	0.59	0.93
Property Plant And Equipment Net	0.97	0.33	0.93	0.95	0.96	0.57	-0.35	0.71	0.96	0.8	0.98	0.34	0.79	0.79	0.87	-0.13	0.44	0.86	0.87	0.82	0.97		0.98	-0.18	0.55	0.9
Property Plant And Equipment Gross	0.99	0.37	0.94	0.98	0.97	0.49	-0.29	0.71	0.99	0.77	1.0	0.46	0.77	0.88	0.87	-0.14	0.52	0.9	0.88	0.89	0.98	0.98		-0.17	0.6	0.95
Other Current Assets	-0.15	-0.43	0.1	-0.06	-0.15	0.25	0.1	0.01	-0.17	-0.2	-0.17	0.05	-0.2	-0.14	-0.25	-0.17	-0.2	-0.12	-0.06	-0.11	-0.19	-0.18	-0.17		-0.19	-0.3
Non Current Liabilities Total	0.59	0.67	0.5	0.6	0.45	-0.14	0.15	-0.03	0.7	0.52	0.59	0.04	0.51	0.74	0.79	-0.25	0.33	0.87	0.55	0.69	0.59	0.55	0.6	-0.19		0.51
Inventory	0.95	0.28	0.87	0.94	0.94	0.43	-0.35	0.77	0.93	0.76	0.96	0.65	0.75	0.88	0.78	-0.08	0.62	0.83	0.86	0.83	0.93	0.9	0.95	-0.3	0.51

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Emerald Resources Account Relationship Matchups

Emerald Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	210.6M	250.1M	442.8M	495.2M	712.4M	748.0M
Other Current Liab	1.7M	16.1M	41.4M	22.8M	49.6M	52.1M
Total Current Liabilities	5.6M	54.7M	91.7M	98.1M	119.5M	125.5M
Total Stockholder Equity	118.2M	105.1M	244.6M	320.1M	558.0M	585.9M
Net Debt	(86.3M)	70.6M	51.2M	8.9M	(95.3M)	(90.6M)
Retained Earnings	(75.1M)	(91.8M)	(47.4M)	23.1M	95.1M	99.9M
Accounts Payable	3.9M	10.7M	14.8M	13.3M	17.6M	18.5M
Cash	136.2M	22.8M	43.0M	71.0M	144.1M	151.3M
Non Current Assets Total	71.8M	218.5M	346.6M	367.6M	509.4M	534.8M
Non Currrent Assets Other	(71.8M)	(218.5M)	112.3M	155.3M	73.5M	77.1M
Cash And Short Term Investments	136.4M	23.0M	43.2M	71.5M	144.6M	151.8M
Net Receivables	1.3M	6.3M	16.8M	15.9M	10.6M	11.2M
Liabilities And Stockholders Equity	210.6M	250.1M	442.8M	495.2M	712.4M	748.0M
Other Stockholder Equity	288K	1.5M	5.9M	3.4M	4.0M	2.5M
Total Liab	92.4M	145.0M	193.7M	171.3M	154.5M	162.2M
Total Current Assets	138.8M	31.6M	96.2M	127.7M	203.1M	213.2M
Accumulated Other Comprehensive Income	(1.9M)	1.5M	5.9M	10.3M	11.2M	11.7M
Short Term Debt	192K	27.9M	35.5M	45.1M	31.5M	33.1M
Common Stock	195.1M	195.4M	286.2M	286.8M	451.7M	474.3M
Property Plant And Equipment Net	71.8M	218.5M	234.3M	192.4M	431.5M	453.1M
Property Plant And Equipment Gross	71.8M	221.6M	338.0M	324.0M	491.0M	515.5M
Other Current Assets	1.2M	896K	3.2M	2.2M	1.9M	2.4M
Non Current Liabilities Total	86.9M	90.4M	102.0M	73.1M	34.9M	39.8M
Inventory	1.0M	1.5M	32.9M	38.1M	46.0M	48.3M
Short Term Investments	192K	204K	191K	502K	451.8K	429.2K
Property Plant Equipment	71.8M	218.5M	321.5M	288.7M	332.0M	348.6M
Net Tangible Assets	120.3M	105.1M	244.6M	320.1M	368.1M	386.5M
Long Term Debt Total	49.9M	90.0M	58.7M	42.7M	49.1M	33.2M
Cash And Equivalents	1.2M	13.1M	70K	1.1M	63K	59.9K
Net Invested Capital	170.2M	105.1M	244.6M	320.1M	558.0M	585.9M
Net Working Capital	133.3M	(23.0M)	4.5M	29.5M	83.5M	87.7M
Other Liab	264K	331K	24.4M	16.5M	18.9M	19.9M
Capital Stock	195.1M	195.4M	286.2M	286.8M	451.7M	280.6M

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