Electrocore Llc Stock Working Capital

ECOR Stock

USD 15.71 0.13 0.83%

Electrocore LLC fundamentals help investors to digest information that contributes to Electrocore LLC's financial success or failures. It also enables traders to predict the movement of Electrocore Stock. The fundamental analysis module provides a way to measure Electrocore LLC's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Electrocore LLC stock.

	Last Reported	Projected for Next Year
Net Working Capital	5.6 M	5.3 M
Change In Working Capital	937.2 K	984.1 K

As of 01/31/2025, Change In Working Capital is likely to grow to about 984.1 K, while Net Working Capital is likely to drop slightly above 5.3 M.

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Electrocore LLC Company Working Capital Analysis

Electrocore LLC's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

Working Capital

Current Assets

-

Current Liabilities

More About Working Capital | All Equity Analysis

Current Electrocore LLC Working Capital

6.17 M

Most of Electrocore LLC's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Electrocore LLC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Electrocore Working Capital Driver Correlations

Understanding the fundamental principles of building solid financial models for Electrocore LLC is extremely important. It helps to project a fair market value of Electrocore Stock properly, considering its historical fundamentals such as Working Capital. Since Electrocore LLC's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Electrocore LLC's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Electrocore LLC's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Long Term Debt Total	Capital Surpluse	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Net Invested Capital	Net Working Capital	Deferred Long Term Liab	Capital Stock	Intangible Assets	Current Deferred Revenue
Total Assets		0.74	0.72	-0.65	0.17	0.04	-0.8	0.38	-0.8	0.61	-0.4	-0.82	0.99	-0.75	-0.61	0.48	0.78	0.25	-0.05	0.2	-0.23	-0.04
Total Stockholder Equity	0.74		1.0	-0.61	0.07	0.24	-0.76	0.69	-0.76	0.9	-0.91	-0.76	0.68	-0.77	-0.96	0.66	0.99	-0.15	-0.22	0.01	-0.6	0.28
Net Tangible Assets	0.72	1.0		-0.6	0.01	0.22	-0.77	0.74	-0.77	0.91	-0.92	-0.77	0.66	-0.79	-0.97	0.66	0.99	-0.19	-0.28	-0.05	-0.64	0.36
Net Debt	-0.65	-0.61	-0.6		0.38	0.22	0.77	-0.57	0.77	-0.7	0.43	0.76	-0.62	0.81	0.61	-0.61	-0.67	0.21	0.12	-0.22	0.57	-0.16
Retained Earnings	0.17	0.07	0.01	0.38		0.5	0.33	-0.55	0.33	-0.3	0.03	0.33	0.18	0.45	0.17	-0.11	-0.04	0.8	0.44	0.43	0.68	-0.6
Accounts Payable	0.04	0.24	0.22	0.22	0.5		0.01	0.05	0.01	0.08	-0.3	-0.01	-0.02	0.06	-0.22	0.58	0.18	-0.03	0.14	-0.15	0.32	-0.12
Long Term Debt	-0.8	-0.76	-0.77	0.77	0.33	0.01		-0.72	1.0	-0.89	0.55	0.99	-0.75	0.97	0.79	-0.67	-0.85	0.32	0.19	0.09	0.63	-0.38
Net Receivables	0.38	0.69	0.74	-0.57	-0.55	0.05	-0.72		-0.72	0.81	-0.72	-0.75	0.33	-0.83	-0.83	0.68	0.74	-0.69	-0.68	-0.44	-0.84	0.8
Long Term Debt Total	-0.8	-0.76	-0.77	0.77	0.33	0.01	1.0	-0.72		-0.89	0.55	0.99	-0.75	0.97	0.79	-0.67	-0.85	0.32	0.19	0.09	0.63	-0.38
Capital Surpluse	0.61	0.9	0.91	-0.7	-0.3	0.08	-0.89	0.81	-0.89		-0.84	-0.86	0.55	-0.89	-0.95	0.68	0.93	-0.45	-0.24	-0.12	-0.8	0.5
Total Liab	-0.4	-0.91	-0.92	0.43	0.03	-0.3	0.55	-0.72	0.55	-0.84		0.54	-0.34	0.6	0.94	-0.61	-0.87	0.36	0.32	0.13	0.69	-0.41
Short Long Term Debt	-0.82	-0.76	-0.77	0.76	0.33	-0.01	0.99	-0.75	0.99	-0.86	0.54		-0.78	0.98	0.79	-0.68	-0.85	0.32	0.3	0.13	0.62	-0.38
Total Current Assets	0.99	0.68	0.66	-0.62	0.18	-0.02	-0.75	0.33	-0.75	0.55	-0.34	-0.78		-0.71	-0.54	0.39	0.73	0.33	-0.05	0.17	-0.18	-0.03
Short Term Debt	-0.75	-0.77	-0.79	0.81	0.45	0.06	0.97	-0.83	0.97	-0.89	0.6	0.98	-0.71		0.83	-0.68	-0.86	0.42	0.37	0.18	0.74	-0.47
Common Stock	-0.61	-0.96	-0.97	0.61	0.17	-0.22	0.79	-0.83	0.79	-0.95	0.94	0.79	-0.54	0.83		-0.71	-0.97	0.41	0.35	0.15	0.76	-0.46
Property Plant Equipment	0.48	0.66	0.66	-0.61	-0.11	0.58	-0.67	0.68	-0.67	0.68	-0.61	-0.68	0.39	-0.68	-0.71		0.69	-0.43	-0.21	-0.09	-0.37	0.28
Net Invested Capital	0.78	0.99	0.99	-0.67	-0.04	0.18	-0.85	0.74	-0.85	0.93	-0.87	-0.85	0.73	-0.86	-0.97	0.69		-0.21	-0.27	-0.03	-0.65	0.33
Net Working Capital	0.25	-0.15	-0.19	0.21	0.8	-0.03	0.32	-0.69	0.32	-0.45	0.36	0.32	0.33	0.42	0.41	-0.43	-0.21		0.52	0.5	0.71	-0.66
Deferred Long Term Liab	-0.05	-0.22	-0.28	0.12	0.44	0.14	0.19	-0.68	0.19	-0.24	0.32	0.3	-0.05	0.37	0.35	-0.21	-0.27	0.52		0.48	0.57	-0.63
Capital Stock	0.2	0.01	-0.05	-0.22	0.43	-0.15	0.09	-0.44	0.09	-0.12	0.13	0.13	0.17	0.18	0.15	-0.09	-0.03	0.5	0.48		0.27	-0.61
Intangible Assets	-0.23	-0.6	-0.64	0.57	0.68	0.32	0.63	-0.84	0.63	-0.8	0.69	0.62	-0.18	0.74	0.76	-0.37	-0.65	0.71	0.57	0.27		-0.67
Current Deferred Revenue	-0.04	0.28	0.36	-0.16	-0.6	-0.12	-0.38	0.8	-0.38	0.5	-0.41	-0.38	-0.03	-0.47	-0.46	0.28	0.33	-0.66	-0.63	-0.61	-0.67

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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.

Competition

Predict Electrocore LLC

Working Capital Over Time

Electrocore Capital Surpluse

Capital Surpluse

81.94 Million

At this time, Electrocore LLC's Capital Surpluse is relatively stable compared to the past year.

According to the company's disclosures, Electrocore LLC has a Working Capital of 6.17 M. This is 98.55% lower than that of the Health Care Equipment & Supplies sector and 99.55% lower than that of the Health Care industry. The working capital for all United States stocks is 99.58% higher than that of the company.

Electrocore Working Capital Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Electrocore LLC's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Electrocore LLC could also be used in its relative valuation, which is a method of valuing Electrocore LLC by comparing valuation metrics of similar companies.

Electrocore LLC is currently under evaluation in working capital category among its peers.

Electrocore LLC Current Valuation Drivers

We derive many important indicators used in calculating different scores of Electrocore LLC from analyzing Electrocore LLC's financial statements. These drivers represent accounts that assess Electrocore LLC's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Electrocore LLC's important valuation drivers and their relationship over time.

	2020	2021	2022	2023	2024	2025 (projected)
Market Cap	46.7M	60.8M	34.5M	18.3M	21.0M	19.9M
Enterprise Value	35.2M	59.6M	552.8K	1.2M	1.4M	1.4M

Electrocore LLC ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Electrocore LLC's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Electrocore LLC's managers, analysts, and investors.

Environmental

Governance

Social

Electrocore Fundamentals

	Return On Equity	-1.53
	Return On Asset	-0.49
	Profit Margin	(0.67) %
	Operating Margin	(0.42) %
	Current Valuation	94.8 M
	Shares Outstanding	6.66 M
	Shares Owned By Insiders	25.02 %
	Shares Owned By Institutions	16.10 %
	Number Of Shares Shorted	88.23 K
	Price To Earning	(4.71) X
	Price To Book	10.97 X
	Price To Sales	4.91 X
	Revenue	16.03 M
	Gross Profit	17.79 M
	EBITDA	(17.76 M)
	Net Income	(18.83 M)
	Cash And Equivalents	26.33 M
	Cash Per Share	0.37 X
	Total Debt	626 K
	Debt To Equity	0.03 %
	Current Ratio	5.16 X
	Book Value Per Share	1.24 X
	Cash Flow From Operations	(14.67 M)
	Short Ratio	0.54 X
	Earnings Per Share	(1.74) X
	Target Price	25.47
	Number Of Employees	68
	Beta	0.56
	Market Capitalization	104.57 M
	Total Asset	16.1 M
	Retained Earnings	(165.2 M)
	Working Capital	6.17 M
	Current Asset	21.97 M
	Current Liabilities	5.85 M
	Net Asset	16.1 M

About Electrocore LLC Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Electrocore LLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Electrocore LLC using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Electrocore LLC based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Electrocore LLC

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 Electrocore LLC 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 Electrocore LLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with Electrocore Stock

0.79

AHG

Akso Health Group

Pair Corr

Moving against Electrocore Stock

0.72	XAIR	Beyond Air	Pair Corr
0.72	CVS	CVS Health Corp Earnings Call This Week	Pair Corr
0.72	VMD	Viemed Healthcare	Pair Corr
0.64	HCAT	Health Catalyst	Pair Corr
0.63	TFX	Teleflex Incorporated	Pair Corr

The ability to find closely correlated positions to Electrocore LLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrocore LLC 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 Electrocore LLC - 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 Electrocore LLC to buy it.

The correlation of Electrocore LLC 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 Electrocore LLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrocore LLC 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 Electrocore LLC 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 Electrocore Stock Analysis

When running Electrocore LLC's price analysis, check to measure Electrocore LLC'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 Electrocore LLC is operating at the current time. Most of Electrocore LLC's value examination focuses on studying past and present price action to predict the probability of Electrocore LLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrocore LLC's price. Additionally, you may evaluate how the addition of Electrocore LLC to your portfolios can decrease your overall portfolio volatility.

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