Elite Historical Balance Sheet

EEIQ Stock

USD 0.73 0.02 2.82%

Trend analysis of Elite Education Group balance sheet accounts such as Net Tangible Assets of 9.4 M or Other Assets of 732.2 K provides information on Elite Education's total assets, liabilities, and equity, which is the actual value of Elite Education Group to its prevalent stockholders. By breaking down trends over time using Elite Education balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Covid

Financial Statement Analysis is much more than just reviewing and examining Elite Education Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Elite Education Group is a good buy for the upcoming year.

Elite Education Inventory

41,441.85

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elite Education Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

About Elite Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Elite Education Group at a specified time, usually calculated after every quarter, six months, or one year. Elite Education Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Elite Education and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Elite currently owns. An asset can also be divided into two categories, current and non-current.

Elite Education Balance Sheet Chart

At this time, Elite Education's Short and Long Term Debt Total is relatively stable compared to the past year. As of 03/28/2025, Capital Lease Obligations is likely to grow to about 3.4 M, while Net Tangible Assets are likely to drop slightly above 9.4 M.

Other Current Liab Total Current Liabilities Net Tangible Assets Other Assets

Total Current Liabilities

Total Current Liabilities is an item on Elite Education balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Elite Education Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most accounts from Elite Education's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Elite Education Group current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Elite Education Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

	2022	2023	2024	2025 (projected)
Total Current Liabilities	6.9M	9.8M	11.2M	7.9M
Other Current Liabilities	2.1M	2.2M	1.9M	1.9M

Total Current Liabilities Other Current Liab

Elite Education balance sheet Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Other Assets	Net Receivables	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock
Other Current Liab		-0.7	-0.55	0.44	0.35	-0.41	-0.3	-0.49	-0.4	-0.52	-0.3	-0.39	0.22	-0.14	0.02	-0.48	0.52	0.02	0.32	-0.5	-0.34	-0.5	-0.47	-0.3	-0.46	-0.49
Total Current Liabilities	-0.7		0.83	-0.61	-0.72	0.72	0.38	0.8	0.8	0.84	0.37	0.89	-0.1	0.15	0.05	0.69	-0.76	0.05	-0.42	0.82	0.35	0.74	0.91	0.37	0.84	0.8
Net Tangible Assets	-0.55	0.83		-0.63	-0.9	0.94	0.58	0.9	0.87	0.97	0.7	0.82	-0.51	-0.07	0.29	0.64	-0.97	0.29	-0.28	0.88	0.23	0.92	0.76	0.7	0.85	0.9
Retained Earnings	0.44	-0.61	-0.63		0.51	-0.62	0.24	-0.86	-0.41	-0.66	-0.1	-0.71	0.37	-0.7	0.53	-0.96	0.7	0.53	0.61	-0.88	-0.37	-0.84	-0.78	-0.1	-0.87	-0.87
Other Assets	0.35	-0.72	-0.9	0.51		-0.85	-0.59	-0.76	-0.81	-0.89	-0.7	-0.72	0.55	0.13	-0.33	-0.54	0.9	-0.33	0.26	-0.75	-0.23	-0.78	-0.65	-0.7	-0.72	-0.76
Net Receivables	-0.41	0.72	0.94	-0.62	-0.85		0.5	0.89	0.83	0.96	0.7	0.83	-0.61	-0.03	0.25	0.67	-0.93	0.25	-0.32	0.86	-0.05	0.91	0.7	0.7	0.8	0.89
Total Current Assets	-0.3	0.38	0.58	0.24	-0.59	0.5		0.18	0.68	0.52	0.86	0.23	-0.32	-0.82	0.93	-0.15	-0.52	0.93	0.16	0.14	-0.07	0.24	0.08	0.86	0.09	0.18
Common Stock	-0.49	0.8	0.9	-0.86	-0.76	0.89	0.18		0.7	0.91	0.4	0.89	-0.44	0.32	-0.11	0.84	-0.88	-0.11	-0.43	1.0	0.27	0.99	0.88	0.4	0.97	1.0
Property Plant Equipment	-0.4	0.8	0.87	-0.41	-0.81	0.83	0.68	0.7		0.88	0.74	0.82	-0.4	-0.22	0.43	0.52	-0.85	0.43	-0.43	0.7	0.18	0.68	0.67	0.74	0.68	0.71
Total Assets	-0.52	0.84	0.97	-0.66	-0.89	0.96	0.52	0.91	0.88		0.7	0.87	-0.49	-0.01	0.24	0.72	-0.96	0.24	-0.41	0.9	0.12	0.92	0.8	0.7	0.84	0.91
Total Stockholder Equity	-0.3	0.37	0.7	-0.1	-0.7	0.7	0.86	0.4	0.74	0.7		0.34	-0.67	-0.59	0.74	0.19	-0.74	0.74	-0.17	0.36	-0.11	0.48	0.15	1.0	0.24	0.41
Property Plant And Equipment Net	-0.39	0.89	0.82	-0.71	-0.72	0.83	0.23	0.89	0.82	0.87	0.34		-0.19	0.26	-0.04	0.78	-0.78	-0.04	-0.48	0.9	0.17	0.82	0.95	0.34	0.92	0.89
Current Deferred Revenue	0.22	-0.1	-0.51	0.37	0.55	-0.61	-0.32	-0.44	-0.4	-0.49	-0.67	-0.19		0.05	-0.16	-0.39	0.61	-0.16	0.36	-0.41	0.05	-0.52	-0.03	-0.67	-0.28	-0.44
Net Debt	-0.14	0.15	-0.07	-0.7	0.13	-0.03	-0.82	0.32	-0.22	-0.01	-0.59	0.26	0.05		-0.97	0.66	0.0	-0.97	-0.53	0.38	0.3	0.25	0.41	-0.59	0.42	0.33
Cash	0.02	0.05	0.29	0.53	-0.33	0.25	0.93	-0.11	0.43	0.24	0.74	-0.04	-0.16	-0.97		-0.46	-0.23	1.0	0.39	-0.17	-0.26	-0.04	-0.21	0.74	-0.21	-0.12
Non Current Assets Total	-0.48	0.69	0.64	-0.96	-0.54	0.67	-0.15	0.84	0.52	0.72	0.19	0.78	-0.39	0.66	-0.46		-0.71	-0.46	-0.78	0.88	0.25	0.8	0.8	0.19	0.83	0.86
Non Currrent Assets Other	0.52	-0.76	-0.97	0.7	0.9	-0.93	-0.52	-0.88	-0.85	-0.96	-0.74	-0.78	0.61	0.0	-0.23	-0.71		-0.23	0.4	-0.86	-0.23	-0.92	-0.7	-0.74	-0.81	-0.89
Cash And Short Term Investments	0.02	0.05	0.29	0.53	-0.33	0.25	0.93	-0.11	0.43	0.24	0.74	-0.04	-0.16	-0.97	1.0	-0.46	-0.23		0.39	-0.17	-0.26	-0.04	-0.21	0.74	-0.21	-0.12
Common Stock Total Equity	0.32	-0.42	-0.28	0.61	0.26	-0.32	0.16	-0.43	-0.43	-0.41	-0.17	-0.48	0.36	-0.53	0.39	-0.78	0.4	0.39		-0.5	-0.23	-0.36	-0.46	-0.17	-0.41	-0.46
Common Stock Shares Outstanding	-0.5	0.82	0.88	-0.88	-0.75	0.86	0.14	1.0	0.7	0.9	0.36	0.9	-0.41	0.38	-0.17	0.88	-0.86	-0.17	-0.5		0.29	0.97	0.91	0.36	0.97	1.0
Other Current Assets	-0.34	0.35	0.23	-0.37	-0.23	-0.05	-0.07	0.27	0.18	0.12	-0.11	0.17	0.05	0.3	-0.26	0.25	-0.23	-0.26	-0.23	0.29		0.23	0.34	-0.11	0.39	0.27
Other Stockholder Equity	-0.5	0.74	0.92	-0.84	-0.78	0.91	0.24	0.99	0.68	0.92	0.48	0.82	-0.52	0.25	-0.04	0.8	-0.92	-0.04	-0.36	0.97	0.23		0.8	0.48	0.93	0.98
Total Liab	-0.47	0.91	0.76	-0.78	-0.65	0.7	0.08	0.88	0.67	0.8	0.15	0.95	-0.03	0.41	-0.21	0.8	-0.7	-0.21	-0.46	0.91	0.34	0.8		0.15	0.94	0.88
Net Invested Capital	-0.3	0.37	0.7	-0.1	-0.7	0.7	0.86	0.4	0.74	0.7	1.0	0.34	-0.67	-0.59	0.74	0.19	-0.74	0.74	-0.17	0.36	-0.11	0.48	0.15		0.24	0.41
Property Plant And Equipment Gross	-0.46	0.84	0.85	-0.87	-0.72	0.8	0.09	0.97	0.68	0.84	0.24	0.92	-0.28	0.42	-0.21	0.83	-0.81	-0.21	-0.41	0.97	0.39	0.93	0.94	0.24		0.97
Capital Stock	-0.49	0.8	0.9	-0.87	-0.76	0.89	0.18	1.0	0.71	0.91	0.41	0.89	-0.44	0.33	-0.12	0.86	-0.89	-0.12	-0.46	1.0	0.27	0.98	0.88	0.41	0.97

Click cells to compare fundamentals

Elite Education Account Relationship Matchups

Elite Education balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Other Current Liab	3.6M	2.2M	2.1M	2.2M	1.9M	1.9M
Total Current Liabilities	8.6M	6.1M	6.9M	9.8M	11.2M	7.9M
Net Tangible Assets	6.5M	7.5M	14.9M	13.8M	15.9M	9.4M
Retained Earnings	3.7M	(2.4M)	(9.1M)	(15.0M)	(13.5M)	(12.8M)
Other Assets	1.0M	439.4K	321.1K	411.9K	370.7K	732.2K
Net Receivables	1.5M	1.7M	1.0M	1.4M	1.7M	1.0M
Total Current Assets	19.6M	14.1M	8.7M	4.3M	4.9M	4.7M
Common Stock	16.5K	18.0K	19.0K	20.8K	23.9K	17.2K
Property Plant Equipment	2.9M	3.1M	4.1M	3.2M	3.7M	3.4M
Total Assets	24.0M	24.0M	19.2M	23.3M	26.8M	20.5M
Total Stockholder Equity	14.9M	15.1M	9.1M	5.2M	5.9M	9.9M
Property Plant And Equipment Net	4.1M	3.2M	3.2M	4.4M	5.0M	3.7M
Current Deferred Revenue	5.3M	3.3M	4.1M	5.7M	5.2M	4.0M
Net Debt	(15.8M)	(10.4M)	(3.8M)	1.7M	1.9M	2.0M
Accounts Payable	148.8K	91.1K	210.1K	1.2M	1.4M	1.5M
Cash	16.5M	11.4M	5.0M	1.2M	1.0M	983.3K
Non Current Assets Total	4.4M	9.9M	10.5M	19.0M	21.8M	22.9M
Cash And Short Term Investments	16.5M	11.4M	5.0M	1.2M	1.0M	983.3K
Common Stock Shares Outstanding	10.4M	11.0M	11.7M	12.6M	14.5M	11.3M
Liabilities And Stockholders Equity	24.0M	24.0M	19.2M	23.3M	26.8M	20.5M
Non Current Liabilities Total	462.0K	669.6K	1.4M	2.7M	2.4M	1.9M
Other Current Assets	1.6M	946.3K	2.7M	1.6M	1.9M	1.9M
Other Stockholder Equity	11.1M	17.5M	18.2M	20.1M	23.2M	11.9M
Total Liab	9.1M	6.7M	8.3M	12.4M	14.3M	9.1M
Net Invested Capital	14.9M	15.1M	9.1M	5.2M	5.9M	9.9M
Property Plant And Equipment Gross	4.7M	3.9M	6.1M	7.6M	8.7M	4.9M
Accumulated Other Comprehensive Income	(200.0K)	(28.9K)	(36.3K)	(35.8K)	(41.2K)	(43.2K)
Capital Stock	16.5K	18.0K	19.0K	20.8K	23.9K	17.6K
Net Working Capital	11.0M	8.0M	1.8M	(5.5M)	(4.9M)	(4.7M)
Short Long Term Debt Total	721.3K	1.0M	1.1M	2.8M	3.2M	3.4M
Short Term Debt	259.3K	461.2K	559.4K	641.3K	737.4K	403.5K
Capital Lease Obligations	721.3K	1.0M	1.1M	2.8M	3.2M	3.4M

Pair Trading with Elite Education

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elite Education position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elite Education will appreciate offsetting losses from the drop in the long position's value.

Moving against Elite Stock

0.89	IH	Ihuman Inc	Pair Corr
0.89	VSTA	Vasta Platform Trending	Pair Corr
0.89	GOTU	Gaotu Techedu DRC Buyout Trend	Pair Corr
0.73	GV	Visionary Education	Pair Corr
0.63	YQ	17 Education Technology	Pair Corr

The ability to find closely correlated positions to Elite Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elite Education when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elite Education - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elite Education Group to buy it.

The correlation of Elite Education is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elite Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Education Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Elite Education can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Elite Stock Analysis

When running Elite Education's price analysis, check to measure Elite Education's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elite Education is operating at the current time. Most of Elite Education's value examination focuses on studying past and present price action to predict the probability of Elite Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Education's price. Additionally, you may evaluate how the addition of Elite Education to your portfolios can decrease your overall portfolio volatility.

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Elite Historical Balance Sheet

Elite Education Inventory

41,441.85

About Elite Balance Sheet Analysis

Elite Education Balance Sheet Chart

Total Current Liabilities

Net Tangible Assets

Elite Education balance sheet Correlations

Elite Education Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Elite Education balance sheet Accounts

Pair Trading with Elite Education

Moving against Elite Stock

Additional Tools for Elite Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock Shares Outstanding	+ 1.0	Common Stock
Capital Stock	+ 1.0	Common Stock
Net Invested Capital	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Capital Stock	+ 1.0	Common Stock Shares Outstanding
Other Stockholder Equity	+ 0.99	Common Stock

Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Non Currrent Assets Other	- 0.97	Net Tangible Assets
Non Currrent Assets Other	- 0.96	Total Assets
Non Current Assets Total	- 0.96	Retained Earnings
Non Currrent Assets Other	- 0.93	Net Receivables