Eco Total Current Assets vs Common Stock Shares Outstanding Analysis

EOG Stock  CAD 0.18  0.01  5.26%   
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 Total Current Assets 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.

Total Current Assets vs Common Stock Shares Outstanding

Total Current Assets 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 Total Current Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Eco Atlantic's Total Current Assets and Common Stock Shares Outstanding is -0.02. Overlapping area represents the amount of variation of Total Current Assets 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 Total Current Assets 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 Total Current Assets 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 Total Current Assets i.e., Eco Atlantic's Total Current Assets and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.02
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 Discontinued Operations is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 818.13 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 M in 2024.

Eco Atlantic fundamental ratios Correlations

0.791.00.02-0.680.77-0.02-0.020.73-0.170.690.740.790.070.70.73-0.140.890.690.490.32-0.09-0.890.84-0.220.78
0.790.740.23-0.370.87-0.23-0.240.410.40.770.641.0-0.120.610.4-0.360.760.380.610.05-0.2-0.830.690.310.52
1.00.74-0.01-0.70.740.010.010.74-0.230.660.730.740.10.690.74-0.110.880.710.460.35-0.08-0.870.83-0.280.79
0.020.23-0.01-0.170.29-1.0-1.00.050.10.220.370.22-0.990.060.1-0.770.390.010.14-0.61-0.21-0.20.430.090.08
-0.68-0.37-0.7-0.17-0.490.180.18-0.980.37-0.23-0.66-0.380.15-0.33-0.990.16-0.8-0.88-0.2-0.260.040.47-0.850.34-0.93
0.770.870.740.29-0.49-0.29-0.290.540.230.470.50.87-0.20.290.54-0.390.780.410.82-0.03-0.18-0.760.740.290.5
-0.02-0.230.01-1.00.18-0.291.0-0.05-0.1-0.22-0.38-0.220.99-0.06-0.110.77-0.4-0.01-0.140.60.230.2-0.44-0.09-0.09
-0.02-0.240.01-1.00.18-0.291.0-0.05-0.1-0.21-0.38-0.230.99-0.06-0.10.78-0.40.01-0.150.590.290.19-0.44-0.1-0.09
0.730.410.740.05-0.980.54-0.05-0.05-0.350.230.630.42-0.020.330.99-0.080.80.860.260.36-0.05-0.50.83-0.310.94
-0.170.4-0.230.10.370.23-0.1-0.1-0.350.13-0.180.4-0.06-0.17-0.4-0.18-0.18-0.380.25-0.21-0.120.06-0.230.95-0.3
0.690.770.660.22-0.230.47-0.22-0.210.230.130.750.78-0.110.890.24-0.230.650.410.150.04-0.03-0.840.56-0.10.43
0.740.640.730.37-0.660.5-0.38-0.380.63-0.180.750.63-0.320.760.66-0.450.860.630.10.06-0.22-0.690.85-0.320.77
0.791.00.740.22-0.380.87-0.22-0.230.420.40.780.63-0.110.620.41-0.350.760.40.610.05-0.15-0.850.690.310.52
0.07-0.120.1-0.990.15-0.20.990.99-0.02-0.06-0.11-0.32-0.110.02-0.070.77-0.330.04-0.060.610.270.08-0.38-0.07-0.05
0.70.610.690.06-0.330.29-0.06-0.060.33-0.170.890.760.620.020.35-0.120.640.49-0.030.23-0.06-0.760.58-0.40.58
0.730.40.740.1-0.990.54-0.11-0.10.99-0.40.240.660.41-0.070.35-0.130.820.880.250.3-0.03-0.520.86-0.360.93
-0.14-0.36-0.11-0.770.16-0.390.770.78-0.08-0.18-0.23-0.45-0.350.77-0.12-0.13-0.44-0.04-0.040.570.340.2-0.47-0.18-0.15
0.890.760.880.39-0.80.78-0.4-0.40.8-0.180.650.860.76-0.330.640.82-0.440.720.430.1-0.2-0.830.99-0.220.85
0.690.380.710.01-0.880.41-0.010.010.86-0.380.410.630.40.040.490.88-0.040.720.070.160.21-0.590.74-0.410.83
0.490.610.460.14-0.20.82-0.14-0.150.260.250.150.10.61-0.06-0.030.25-0.040.430.070.02-0.13-0.510.380.380.15
0.320.050.35-0.61-0.26-0.030.60.590.36-0.210.040.060.050.610.230.30.570.10.160.02-0.01-0.10.08-0.240.41
-0.09-0.2-0.08-0.210.04-0.180.230.29-0.05-0.12-0.03-0.22-0.150.27-0.06-0.030.34-0.20.21-0.13-0.01-0.11-0.23-0.17-0.17
-0.89-0.83-0.87-0.20.47-0.760.20.19-0.50.06-0.84-0.69-0.850.08-0.76-0.520.2-0.83-0.59-0.51-0.1-0.11-0.750.17-0.57
0.840.690.830.43-0.850.74-0.44-0.440.83-0.230.560.850.69-0.380.580.86-0.470.990.740.380.08-0.23-0.75-0.250.88
-0.220.31-0.280.090.340.29-0.09-0.1-0.310.95-0.1-0.320.31-0.07-0.4-0.36-0.18-0.22-0.410.38-0.24-0.170.17-0.25-0.34
0.780.520.790.08-0.930.5-0.09-0.090.94-0.30.430.770.52-0.050.580.93-0.150.850.830.150.41-0.17-0.570.88-0.34
Click cells to compare fundamentals

Eco Atlantic Account Relationship Matchups

Eco Atlantic fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets19.9M16.9M45.9M55.6M31.3M16.7M
Total Current Liabilities350.4K621.2K5.6M5.0M1.2M1.4M
Total Stockholder Equity19.5M16.0M40.2M50.7M30.0M15.3M
Net Debt(18.7M)(11.5M)(3.4M)(4.1M)(3.0M)(3.1M)
Retained Earnings(38.7M)(44.8M)(51.4M)(88.0M)(109.1M)(103.6M)
Accounts Payable350.4K501.0K1.9M4.3M1.0M1.1M
Cash18.7M11.8M3.4M4.1M3.0M2.8M
Cash And Short Term Investments18.7M13.4M3.5M4.1M3.0M2.8M
Common Stock Shares Outstanding182.8M184.7M202.7M366.0M369.3M387.8M
Liabilities And Stockholders Equity19.9M16.9M45.9M55.6M31.3M16.7M
Other Current Assets64.7K243.4K2.1M646.3K67.1K63.7K
Other Stockholder Equity2.4M2.7M29.5M17.6M17.7M18.6M
Total Liab350.4K947.1K5.6M5.0M1.2M1.4M
Total Current Assets18.8M13.6M5.8M6.2M3.1M2.9M
Accumulated Other Comprehensive Income251.4K(930.4K)(1.0M)(538.1K)(647.8K)(615.4K)
Common Stock55.6M59.1M63.1M121.6M122.1M128.2M
Non Current Assets Total1.1M3.3M40.0M49.5M28.2M29.6M
Net Receivables65.6K262.8K285.4K2.0M115.1K109.3K
Short Term Investments52.8K1.6M52.6K13.1K15.1K14.3K
Intangible Assets1.1M2.5M30.8M40.9M28.2M29.6M
Current Deferred Revenue521.5K423.5K122.1K387.8K110.9K105.4K
Net Tangible Assets25.1M19.6M16.0M40.2M46.3M48.6M
Property Plant Equipment1.1M1.4M30.8M40.9M47.0M49.3M
Short Term Debt0.281.023.0K(387.8K)(110.9K)(105.4K)
Net Invested Capital19.5M16.0M40.2M50.7M30.0M29.5M
Net Working Capital18.5M13.0M191.7K1.2M1.8M1.8M
Capital Stock55.6M59.1M63.1M121.6M122.1M84.1M

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