Eco Net Debt vs Common Stock Shares Outstanding Analysis

EOG Stock

CAD 0.18 0.01 5.88%

Eco Atlantic financial indicator trend analysis is much more than just examining Eco Atlantic Oil latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eco Atlantic Oil is a good investment. Please check the relationship between Eco Atlantic Net Debt and its Common Stock Shares Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eco Atlantic Oil. 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 Common Stock Shares Outstanding

Net Debt vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Atlantic Oil Net Debt account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Eco Atlantic's Net Debt and Common Stock Shares Outstanding is 0.16. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Eco Atlantic Oil, assuming nothing else is changed. The correlation between historical values of Eco Atlantic's Net Debt and Common Stock Shares Outstanding 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 Eco Atlantic Oil are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Debt i.e., Eco Atlantic's Net Debt and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.16

Relationship Direction	Positive
Relationship Strength	Insignificant

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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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Eco Atlantic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eco Atlantic Oil 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 Atlantic Oil. 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, Eco Atlantic's Selling General Administrative is fairly stable compared to the past year. Discontinued Operations is likely to climb to about 96.8 K in 2025, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2025.

Eco Atlantic fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Common Stock	Non Current Assets Total	Other Assets	Net Receivables	Non Currrent Assets Other	Short Term Investments	Inventory	Intangible Assets	Current Deferred Revenue	Net Tangible Assets	Property Plant Equipment
Total Assets		0.71	1.0	0.13	-0.83	0.73	-0.12	-0.13	0.84	-0.26	0.58	0.82	0.72	-0.06	0.65	0.84	0.95	0.81	0.36	0.32	-0.15	-0.78	0.92	-0.3	0.92	0.85
Total Current Liabilities	0.71		0.66	0.22	-0.35	0.86	-0.23	-0.23	0.33	0.4	0.77	0.58	1.0	-0.12	0.61	0.33	0.71	0.37	0.6	0.05	-0.2	-0.83	0.62	0.31	0.5	0.48
Total Stockholder Equity	1.0	0.66		0.12	-0.86	0.69	-0.11	-0.11	0.87	-0.33	0.54	0.82	0.66	-0.05	0.64	0.87	0.94	0.83	0.33	0.34	-0.14	-0.74	0.92	-0.36	0.93	0.87
Net Debt	0.13	0.22	0.12		-0.24	0.29	-1.0	-1.0	0.16	0.05	0.2	0.42	0.21	-0.99	0.07	0.2	0.44	0.07	0.11	-0.58	-0.23	-0.18	0.47	0.05	0.14	0.47
Retained Earnings	-0.83	-0.35	-0.86	-0.24		-0.48	0.21	0.21	-0.98	0.4	-0.19	-0.71	-0.35	0.2	-0.33	-0.98	-0.84	-0.88	-0.14	-0.26	0.07	0.42	-0.88	0.37	-0.92	-0.92
Accounts Payable	0.73	0.86	0.69	0.29	-0.48		-0.29	-0.3	0.47	0.22	0.47	0.48	0.86	-0.2	0.29	0.47	0.75	0.41	0.81	-0.02	-0.19	-0.76	0.69	0.27	0.49	0.56
Cash	-0.12	-0.23	-0.11	-1.0	0.21	-0.29		1.0	-0.13	-0.07	-0.2	-0.41	-0.22	0.99	-0.06	-0.17	-0.42	-0.04	-0.12	0.59	0.24	0.19	-0.46	-0.06	-0.12	-0.46
Cash And Short Term Investments	-0.13	-0.23	-0.11	-1.0	0.21	-0.3	1.0		-0.13	-0.07	-0.2	-0.41	-0.22	0.99	-0.07	-0.18	-0.43	-0.03	-0.13	0.58	0.3	0.17	-0.46	-0.07	-0.13	-0.46
Common Stock Shares Outstanding	0.84	0.33	0.87	0.16	-0.98	0.47	-0.13	-0.13		-0.39	0.15	0.69	0.34	-0.12	0.29	1.0	0.82	0.86	0.14	0.33	-0.1	-0.38	0.87	-0.35	0.94	0.92
Non Current Liabilities Total	-0.26	0.4	-0.33	0.05	0.4	0.22	-0.07	-0.07	-0.39		0.14	-0.24	0.39	-0.03	-0.18	-0.43	-0.24	-0.41	0.27	-0.22	-0.1	0.05	-0.28	0.95	-0.34	-0.31
Other Current Assets	0.58	0.77	0.54	0.2	-0.19	0.47	-0.2	-0.2	0.15	0.14		0.66	0.78	-0.1	0.89	0.16	0.57	0.38	0.16	0.03	-0.02	-0.84	0.47	-0.08	0.39	0.32
Other Stockholder Equity	0.82	0.58	0.82	0.42	-0.71	0.48	-0.41	-0.41	0.69	-0.24	0.66		0.58	-0.36	0.71	0.72	0.88	0.68	0.04	0.08	-0.25	-0.61	0.88	-0.36	0.81	0.85
Total Liab	0.72	1.0	0.66	0.21	-0.35	0.86	-0.22	-0.22	0.34	0.39	0.78	0.58		-0.11	0.62	0.33	0.7	0.38	0.6	0.05	-0.15	-0.85	0.61	0.31	0.5	0.47
Total Current Assets	-0.06	-0.12	-0.05	-0.99	0.2	-0.2	0.99	0.99	-0.12	-0.03	-0.1	-0.36	-0.11		0.01	-0.16	-0.37	0.0	-0.04	0.59	0.29	0.07	-0.42	-0.04	-0.1	-0.44
Other Current Liab	0.65	0.61	0.64	0.07	-0.33	0.29	-0.06	-0.07	0.29	-0.18	0.89	0.71	0.62	0.01		0.31	0.61	0.48	-0.03	0.24	-0.06	-0.75	0.54	-0.4	0.56	0.43
Common Stock	0.84	0.33	0.87	0.2	-0.98	0.47	-0.17	-0.18	1.0	-0.43	0.16	0.72	0.33	-0.16	0.31		0.84	0.88	0.14	0.28	-0.08	-0.39	0.88	-0.39	0.94	0.93
Non Current Assets Total	0.95	0.71	0.94	0.44	-0.84	0.75	-0.42	-0.43	0.82	-0.24	0.57	0.88	0.7	-0.37	0.61	0.84		0.76	0.35	0.11	-0.23	-0.75	0.99	-0.27	0.88	0.93
Other Assets	0.81	0.37	0.83	0.07	-0.88	0.41	-0.04	-0.03	0.86	-0.41	0.38	0.68	0.38	0.0	0.48	0.88	0.76		0.03	0.17	0.17	-0.54	0.77	-0.44	0.84	0.78
Net Receivables	0.36	0.6	0.33	0.11	-0.14	0.81	-0.12	-0.13	0.14	0.27	0.16	0.04	0.6	-0.04	-0.03	0.14	0.35	0.03		0.01	-0.12	-0.51	0.29	0.39	0.11	0.16
Non Currrent Assets Other	0.32	0.05	0.34	-0.58	-0.26	-0.02	0.59	0.58	0.33	-0.22	0.03	0.08	0.05	0.59	0.24	0.28	0.11	0.17	0.01		-0.01	-0.1	0.1	-0.24	0.4	0.11
Short Term Investments	-0.15	-0.2	-0.14	-0.23	0.07	-0.19	0.24	0.3	-0.1	-0.1	-0.02	-0.25	-0.15	0.29	-0.06	-0.08	-0.23	0.17	-0.12	-0.01		-0.11	-0.25	-0.15	-0.19	-0.27
Inventory	-0.78	-0.83	-0.74	-0.18	0.42	-0.76	0.19	0.17	-0.38	0.05	-0.84	-0.61	-0.85	0.07	-0.75	-0.39	-0.75	-0.54	-0.51	-0.1	-0.11		-0.65	0.15	-0.52	-0.47
Intangible Assets	0.92	0.62	0.92	0.47	-0.88	0.69	-0.46	-0.46	0.87	-0.28	0.47	0.88	0.61	-0.42	0.54	0.88	0.99	0.77	0.29	0.1	-0.25	-0.65		-0.29	0.91	0.97
Current Deferred Revenue	-0.3	0.31	-0.36	0.05	0.37	0.27	-0.06	-0.07	-0.35	0.95	-0.08	-0.36	0.31	-0.04	-0.4	-0.39	-0.27	-0.44	0.39	-0.24	-0.15	0.15	-0.29		-0.37	-0.3
Net Tangible Assets	0.92	0.5	0.93	0.14	-0.92	0.49	-0.12	-0.13	0.94	-0.34	0.39	0.81	0.5	-0.1	0.56	0.94	0.88	0.84	0.11	0.4	-0.19	-0.52	0.91	-0.37		0.93
Property Plant Equipment	0.85	0.48	0.87	0.47	-0.92	0.56	-0.46	-0.46	0.92	-0.31	0.32	0.85	0.47	-0.44	0.43	0.93	0.93	0.78	0.16	0.11	-0.27	-0.47	0.97	-0.3	0.93

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Eco Atlantic Account Relationship Matchups

Eco Atlantic fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	16.9M	45.9M	55.6M	31.3M	36.0M	37.8M
Total Current Liabilities	621.2K	5.6M	5.0M	1.2M	1.4M	1.4M
Total Stockholder Equity	16.0M	40.2M	50.7M	30.0M	34.5M	36.2M
Net Debt	(11.5M)	(3.4M)	(4.1M)	(3.0M)	(2.7M)	(2.8M)
Retained Earnings	(44.8M)	(51.4M)	(88.0M)	(109.1M)	(98.2M)	(93.3M)
Accounts Payable	501.0K	1.9M	4.3M	1.0M	1.2M	1.1M
Cash	11.8M	3.4M	4.1M	3.0M	3.4M	3.2M
Cash And Short Term Investments	13.4M	3.5M	4.1M	3.0M	3.4M	3.3M
Common Stock Shares Outstanding	184.7M	202.7M	366.0M	369.3M	424.7M	445.9M
Liabilities And Stockholders Equity	16.9M	45.9M	55.6M	31.3M	36.0M	37.8M
Other Current Assets	243.4K	2.1M	646.3K	67.1K	77.2K	73.3K
Other Stockholder Equity	2.7M	29.5M	17.6M	17.7M	20.3M	21.3M
Total Liab	947.1K	5.6M	5.0M	1.2M	1.4M	1.4M
Total Current Assets	13.6M	5.8M	6.2M	3.1M	3.6M	3.4M
Accumulated Other Comprehensive Income	(930.4K)	(1.0M)	(538.1K)	(647.8K)	(583.0K)	(553.9K)
Common Stock	59.1M	63.1M	121.6M	122.1M	140.4M	147.4M
Non Current Assets Total	3.3M	40.0M	49.5M	28.2M	32.4M	34.0M
Net Receivables	262.8K	285.4K	2.0M	115.1K	132.4K	125.7K
Short Term Investments	52.8K	1.6M	52.6K	13.1K	15.1K	14.3K
Inventory	(19.1K)	(243.4K)	(646.3K)	(67.1K)	(60.4K)	(63.4K)
Intangible Assets	2.5M	30.8M	40.9M	28.2M	32.4M	34.0M
Net Tangible Assets	25.1M	19.6M	16.0M	40.2M	46.3M	48.6M
Property Plant Equipment	1.1M	1.4M	30.8M	40.9M	47.0M	49.3M
Net Invested Capital	16.0M	40.2M	50.7M	30.0M	34.5M	29.5M
Net Working Capital	13.0M	191.7K	1.2M	1.8M	1.7M	1.6M
Capital Stock	59.1M	63.1M	121.6M	122.1M	140.4M	84.1M

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