Energy Cash vs Total Assets Analysis

ERA Stock   0  0.0005  20.00%   
Energy Resources financial indicator trend analysis is much more than just examining Energy Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Resources is a good investment. Please check the relationship between Energy Resources Cash and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Resources. 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 vs Total Assets

Cash vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Energy Resources Cash account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Energy Resources' Cash and Total Assets is 0.66. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of Energy Resources, assuming nothing else is changed. The correlation between historical values of Energy Resources' Cash 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 of Energy Resources 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 i.e., Energy Resources' Cash and Total Assets go up and down completely randomly.

Correlation Coefficient

0.66
Relationship DirectionPositive 
Relationship StrengthSignificant

Cash

Cash refers to the most liquid asset of Energy Resources, which is listed under current asset account on Energy Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Energy Resources customers. The amounts must be unrestricted with restricted cash listed in a different Energy Resources account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Total Assets

Total assets refers to the total amount of Energy 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 Energy 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 Energy Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy 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 Energy Resources. 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.
Issuance Of Capital Stock is likely to gain to about 338.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.2 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense732K643K640K608K
Depreciation And Amortization687.3M168.3M1.4B1.5B

Energy Resources fundamental ratios Correlations

-0.13-0.46-0.380.660.79-0.630.540.860.660.870.660.45-0.22-0.04-0.190.54-0.12-0.210.790.77-0.1-0.12-0.210.7-0.8
-0.130.06-0.020.150.380.60.31-0.45-0.450.1-0.450.71-0.440.04-0.31-0.09-0.15-0.270.42-0.350.091.0-0.41-0.040.4
-0.460.060.98-0.87-0.640.65-0.87-0.53-0.74-0.11-0.74-0.250.820.630.79-0.80.210.84-0.55-0.76-0.620.070.83-0.110.15
-0.38-0.020.98-0.85-0.610.57-0.87-0.43-0.66-0.03-0.66-0.280.850.640.82-0.780.170.86-0.52-0.7-0.61-0.010.87-0.040.1
0.660.15-0.87-0.850.81-0.50.970.620.610.460.610.52-0.77-0.25-0.860.81-0.03-0.870.740.730.370.13-0.810.4-0.3
0.790.38-0.64-0.610.81-0.360.810.570.490.710.490.74-0.66-0.26-0.520.57-0.35-0.540.960.570.20.38-0.630.46-0.44
-0.630.60.650.57-0.5-0.36-0.38-0.77-0.98-0.27-0.980.030.240.440.18-0.520.20.24-0.35-0.91-0.340.60.23-0.390.49
0.540.31-0.87-0.870.970.81-0.380.480.520.360.520.59-0.88-0.33-0.910.79-0.13-0.920.760.640.460.3-0.910.31-0.16
0.86-0.45-0.53-0.430.620.57-0.770.480.760.660.760.15-0.21-0.08-0.220.66-0.13-0.250.560.82-0.03-0.45-0.230.68-0.79
0.66-0.45-0.74-0.660.610.49-0.980.520.760.321.00.13-0.38-0.47-0.310.58-0.24-0.360.480.930.41-0.45-0.380.43-0.44
0.870.1-0.11-0.030.460.71-0.270.360.660.320.320.57-0.030.34-0.050.29-0.06-0.040.740.42-0.370.1-0.030.8-0.69
0.66-0.45-0.74-0.660.610.49-0.980.520.761.00.320.13-0.38-0.47-0.310.58-0.24-0.360.480.930.41-0.45-0.380.43-0.44
0.450.71-0.25-0.280.520.740.030.590.150.130.570.13-0.520.1-0.40.16-0.15-0.390.80.220.010.72-0.50.46-0.05
-0.22-0.440.820.85-0.77-0.660.24-0.88-0.21-0.38-0.03-0.38-0.520.570.84-0.680.380.86-0.64-0.43-0.62-0.430.99-0.08-0.1
-0.040.040.630.64-0.25-0.260.44-0.33-0.08-0.470.34-0.470.10.570.24-0.380.550.3-0.21-0.38-0.740.030.50.35-0.06
-0.19-0.310.790.82-0.86-0.520.18-0.91-0.22-0.31-0.05-0.31-0.40.840.24-0.68-0.071.0-0.44-0.42-0.51-0.280.9-0.07-0.15
0.54-0.09-0.8-0.780.810.57-0.520.790.660.580.290.580.16-0.68-0.38-0.68-0.05-0.710.550.750.31-0.09-0.690.42-0.36
-0.12-0.150.210.17-0.03-0.350.2-0.13-0.13-0.24-0.06-0.24-0.150.380.55-0.07-0.05-0.04-0.39-0.05-0.38-0.110.3-0.060.15
-0.21-0.270.840.86-0.87-0.540.24-0.92-0.25-0.36-0.04-0.36-0.390.860.31.0-0.71-0.04-0.45-0.46-0.55-0.250.92-0.06-0.13
0.790.42-0.55-0.520.740.96-0.350.760.560.480.740.480.8-0.64-0.21-0.440.55-0.39-0.450.570.130.42-0.590.61-0.46
0.77-0.35-0.76-0.70.730.57-0.910.640.820.930.420.930.22-0.43-0.38-0.420.75-0.05-0.460.570.3-0.34-0.430.53-0.51
-0.10.09-0.62-0.610.370.2-0.340.46-0.030.41-0.370.410.01-0.62-0.74-0.510.31-0.38-0.550.130.30.07-0.62-0.290.42
-0.121.00.07-0.010.130.380.60.3-0.45-0.450.1-0.450.72-0.430.03-0.28-0.09-0.11-0.250.42-0.340.07-0.38-0.040.39
-0.21-0.410.830.87-0.81-0.630.23-0.91-0.23-0.38-0.03-0.38-0.50.990.50.9-0.690.30.92-0.59-0.43-0.62-0.38-0.09-0.11
0.7-0.04-0.11-0.040.40.46-0.390.310.680.430.80.430.46-0.080.35-0.070.42-0.06-0.060.610.53-0.29-0.04-0.09-0.55
-0.80.40.150.1-0.3-0.440.49-0.16-0.79-0.44-0.69-0.44-0.05-0.1-0.06-0.15-0.360.15-0.13-0.46-0.510.420.39-0.11-0.55
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Energy Resources Account Relationship Matchups

Energy Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets566.6M1.0B855.9M679.8M828.8M1.1B
Other Current Liab138.2M189.2M233.1M282.7M310.4M325.9M
Total Current Liabilities181.2M229.3M269.6M326.0M335.3M352.1M
Total Stockholder Equity(274.7M)214.6M(442.4M)(603.7M)(1.6B)(1.5B)
Property Plant And Equipment Net94.1M91.6M89.9M90.8M90.5M86.0M
Net Debt(204.4M)(202.6M)(163.8M)(73.9M)(216.3M)(205.5M)
Retained Earnings(1.4B)(1.4B)(2.0B)(2.2B)(3.6B)(3.4B)
Accounts Payable40.6M38.5M36.4M30.8M24.6M39.1M
Cash208.6M204.4M163.9M87.1M217.0M156.7M
Non Current Assets Total198.5M517.5M559.4M577.0M599.5M526.6M
Cash And Short Term Investments208.6M204.4M163.9M87.1M217.0M156.7M
Net Receivables9.4M5.4M29.1M4.7M4.2M4.0M
Liabilities And Stockholders Equity566.6M1.0B855.9M679.8M828.8M1.1B
Non Current Liabilities Total660.0M556.3M1.0B957.4M2.1B2.2B
Inventory144.3M132.7M29.6M8.1M7.3M6.9M
Other Current Assets5.8M140.2M74.0M2.9M785K745.8K
Total Liab841.3M785.6M1.3B1.3B2.5B2.6B
Property Plant And Equipment Gross94.1M1.8M92K951K91.0M86.5M
Total Current Assets368.1M482.6M296.5M102.8M229.3M338.3M
Short Term Debt2.4M1.6M93K12.5M295K280.3K
Non Currrent Assets Other(89.9M)28.1M15.4M(1.0)(1.15)(1.09)
Other Stockholder Equity388.7M395.4M388.6M387.9M387.7M377.7M
Accumulated Other Comprehensive Income388.7M395.4M388.6M387.9M387.7M332.0M
Other Liab658.3M556.1M1.0B956.7M1.1B1.2B
Other Assets72.9M104.8M1.0425.9M1.151.09
Property Plant Equipment94.1M91.6M89.9M90.8M81.7M77.6M
Short Term Investments175.1M123.3M65.4M0.0186.4M131.8M
Net Tangible Assets(274.7M)214.6M(442.4M)(603.7M)(543.3M)(516.1M)
Long Term Investments76.3M409.9M469.4M89.9M103.3M98.2M
Net Invested Capital(274.7M)214.6M(442.4M)(591.4M)(1.6B)(1.5B)
Net Working Capital186.8M253.3M26.9M(223.2M)(106.0M)(100.7M)

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