| 002641 Stock | | | 5.09 0.07 1.36% |
Era financial indicator trend analysis is much more than just examining Era Co latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Era Co is a good investment. Please check the relationship between Era Total Current Liabilities and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Era Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Total Current Liabilities vs Common Stock
Total Current Liabilities vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Era Co Total Current Liabilities account and
Common Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Era's Total Current Liabilities and Common Stock is 0.93. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Common Stock in the same time period over historical financial statements of Era Co, assuming nothing else is changed. The correlation between historical values of Era's Total Current Liabilities and Common Stock 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 Liabilities of Era Co are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Current Liabilities i.e., Era's Total Current Liabilities and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Era balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Era Co 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.
Common Stock
Most indicators from Era's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Era Co 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Era Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The current year's
Tax Provision is expected to grow to about 39.3
M, whereas
Selling General Administrative is forecasted to decline to about 410.7
M.
Era fundamental ratios Correlations
Click cells to compare fundamentals
Era Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Era fundamental ratios Accounts
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Other Information on Investing in Era Stock
Balance Sheet is a snapshot of the
financial position of Era Co at a specified time, usually calculated after every quarter, six months, or one year. Era Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Era 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 Era currently owns. An asset can also be divided into two categories, current and non-current.