Elastic Retained Earnings vs Short Term Debt Analysis

ESTC Stock  USD 103.81  4.05  3.75%   
Elastic NV financial indicator trend analysis is much more than just examining Elastic NV latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elastic NV is a good investment. Please check the relationship between Elastic NV Retained Earnings and its Short Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elastic NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.

Retained Earnings vs Short Term Debt

Retained Earnings vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elastic NV Retained Earnings account and Short Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Elastic NV's Retained Earnings and Short Term Debt is -0.65. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Elastic NV, assuming nothing else is changed. The correlation between historical values of Elastic NV's Retained Earnings and Short 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 Retained Earnings of Elastic NV are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Retained Earnings i.e., Elastic NV's Retained Earnings and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.65
Relationship DirectionNegative 
Relationship StrengthWeak

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Short Term Debt

Most indicators from Elastic NV's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elastic NV 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 Elastic NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.The current year's Sales General And Administrative To Revenue is expected to grow to 0.20, whereas Tax Provision is projected to grow to (175.3 M).
 2021 2022 2023 2024 (projected)
Gross Profit630.2M772.4M937.2M477.6M
Total Revenue862.4M1.1B1.3B653.8M

Elastic NV fundamental ratios Correlations

0.921.00.870.920.630.760.99-0.03-0.960.940.920.910.890.560.991.00.970.910.960.680.770.930.330.990.98
0.920.920.970.880.670.770.920.05-0.970.850.850.990.930.40.90.920.90.880.910.820.630.990.140.910.93
1.00.920.880.930.650.771.0-0.04-0.960.930.90.910.880.570.981.00.970.920.960.680.740.940.350.990.98
0.870.970.880.90.810.820.88-0.13-0.920.750.820.950.830.380.840.880.870.930.860.730.450.980.120.890.92
0.920.880.930.90.790.930.93-0.33-0.910.830.90.870.730.660.880.930.960.960.930.490.530.920.450.940.97
0.630.670.650.810.790.750.65-0.62-0.640.510.690.60.430.510.60.650.650.890.560.270.040.740.330.690.77
0.760.770.770.820.930.750.77-0.42-0.770.70.780.780.560.610.70.770.880.860.840.340.340.810.420.770.84
0.990.921.00.880.930.650.77-0.04-0.960.920.890.910.880.560.981.00.960.920.960.690.730.940.340.990.98
-0.030.05-0.04-0.13-0.33-0.62-0.42-0.04-0.020.02-0.270.10.28-0.520.0-0.02-0.14-0.360.00.560.39-0.06-0.54-0.11-0.17
-0.96-0.97-0.96-0.92-0.91-0.64-0.77-0.96-0.02-0.93-0.9-0.96-0.94-0.58-0.95-0.96-0.95-0.89-0.95-0.75-0.72-0.98-0.34-0.95-0.96
0.940.850.930.750.830.510.70.920.02-0.930.920.830.890.70.960.930.940.830.90.590.850.860.50.90.9
0.920.850.90.820.90.690.780.89-0.27-0.90.920.820.820.750.930.90.930.90.860.450.710.880.540.910.91
0.910.990.910.950.870.60.780.910.1-0.960.830.820.930.370.880.910.90.840.930.830.650.970.110.890.9
0.890.930.880.830.730.430.560.880.28-0.940.890.820.930.380.910.880.830.740.860.860.820.910.140.860.83
0.560.40.570.380.660.510.610.56-0.52-0.580.70.750.370.380.580.560.660.620.55-0.070.440.490.960.590.6
0.990.90.980.840.880.60.70.980.0-0.950.960.930.880.910.580.980.950.890.930.670.810.910.350.980.96
1.00.921.00.880.930.650.771.0-0.02-0.960.930.90.910.880.560.980.970.920.960.690.740.940.330.990.98
0.970.90.970.870.960.650.880.96-0.14-0.950.940.930.90.830.660.950.970.920.980.580.720.920.440.950.97
0.910.880.920.930.960.890.860.92-0.36-0.890.830.90.840.740.620.890.920.920.860.510.470.920.40.930.97
0.960.910.960.860.930.560.840.960.0-0.950.90.860.930.860.550.930.960.980.860.670.740.920.330.950.94
0.680.820.680.730.490.270.340.690.56-0.750.590.450.830.86-0.070.670.690.580.510.670.580.76-0.290.650.63
0.770.630.740.450.530.040.340.730.39-0.720.850.710.650.820.440.810.740.720.470.740.580.590.290.70.63
0.930.990.940.980.920.740.810.94-0.06-0.980.860.880.970.910.490.910.940.920.920.920.760.590.240.930.95
0.330.140.350.120.450.330.420.34-0.54-0.340.50.540.110.140.960.350.330.440.40.33-0.290.290.240.370.37
0.990.910.990.890.940.690.770.99-0.11-0.950.90.910.890.860.590.980.990.950.930.950.650.70.930.370.98
0.980.930.980.920.970.770.840.98-0.17-0.960.90.910.90.830.60.960.980.970.970.940.630.630.950.370.98
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Elastic NV Account Relationship Matchups

Elastic NV fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets803.9M973.2M1.6B1.7B2.2B1.1B
Other Current Liab70.6M62.8M97.5M108.1M146.2M153.5M
Total Current Liabilities321.4M450.0M593.3M716.6M871.1M459.9M
Total Stockholder Equity413.6M450.8M415.4M398.9M738.2M775.1M
Other Liab41.0M52.7M51.2M46.5M53.5M36.0M
Net Tangible Assets165.3M215.7M65.7M66.2M76.1M66.8M
Property Plant And Equipment Net40.5M34.3M32.6M25.1M26.0M23.8M
Current Deferred Revenue231.7M352.8M431.8M528.7M663.8M345.5M
Net Debt(261.6M)(372.6M)(266.7M)(49.9M)53.3M56.0M
Retained Earnings(484.3M)(613.3M)(817.2M)(1.1B)(991.6M)(942.0M)
Accounts Payable11.5M7.2M28.4M35.2M26.1M16.1M
Cash297.1M400.8M860.9M644.2M540.4M433.4M
Non Current Assets Total323.7M336.0M479.2M469.2M711.7M747.3M
Non Currrent Assets Other7.6M12.5M91.1M104.0M119.7M125.7M
Other Assets34.8M66.5M96.9M111.4M1.00.95
Cash And Short Term Investments297.1M400.8M860.9M915.2M1.1B547.5M
Net Receivables128.7M160.4M215.2M260.9M323.0M172.3M
Good Will197.9M198.9M303.9M303.6M319.4M189.0M
Common Stock Total Equity856K948K990K1.0M1.2M728.5K
Common Stock Shares Outstanding78.8M87.2M92.5M95.7M104.0M87.6M
Short Term Investments0.01.3M1.9M271.0M544.0M571.2M
Liabilities And Stockholders Equity803.9M973.2M1.6B1.7B2.2B1.1B
Non Current Liabilities Total68.8M72.3M634.2M628.0M633.3M340.5M
Capital Surpluse898.8M1.1B1.3B1.5B1.7B1.8B
Inventory21.8M39.0M46.3M58.3M1.00.95
Other Current Assets32.6M76.0M87.5M98.2M123.5M62.5M
Other Stockholder Equity898.4M1.1B1.2B1.5B1.8B978.9M
Total Liab390.3M522.3M1.2B1.3B1.5B800.4M
Deferred Long Term Liab24.0M50.3M74.4M95.9M110.3M115.8M
Net Invested Capital413.6M450.8M982.0M966.4M1.3B1.4B
Property Plant And Equipment Gross40.5M34.3M32.6M25.1M44.5M26.4M
Total Current Assets480.2M637.2M1.2B1.3B1.5B793.2M
Accumulated Other Comprehensive Income(1.4M)(8.1M)(18.1M)(20.0M)(21.6M)(20.6M)
Non Current Liabilities Other13.0M72.3M17.6M12.2M21.5M20.7M
Net Working Capital158.8M187.2M570.4M557.7M659.8M333.3M
Short Term Debt7.6M17.1M22.4M25.5M24.4M19.1M
Intangible Assets50.5M36.3M45.8M29.1M20.6M27.5M
Common Stock856K948K990K1.0M1.1M784.6K
Property Plant Equipment40.5M8.9M32.6M5.1M5.9M5.6M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Elastic NV offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Elastic NV's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Elastic Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Elastic Nv Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elastic NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elastic NV. If investors know Elastic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elastic NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.6
Revenue Per Share
13.114
Quarterly Revenue Growth
0.183
Return On Assets
(0.04)
Return On Equity
0.1042
The market value of Elastic NV is measured differently than its book value, which is the value of Elastic that is recorded on the company's balance sheet. Investors also form their own opinion of Elastic NV's value that differs from its market value or its book value, called intrinsic value, which is Elastic NV's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elastic NV's market value can be influenced by many factors that don't directly affect Elastic NV's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Elastic NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elastic NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elastic NV's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.