Eit Short Long Term Debt vs Common Stock Shares Outstanding Analysis

300815 Stock

15.63 0.52 3.22%

Eit Environmental financial indicator trend analysis is much more than just examining Eit Environmental latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eit Environmental is a good investment. Please check the relationship between Eit Environmental Short Long Term Debt and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Eit Environmental Development. 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.

Short Long Term Debt vs Common Stock Shares Outstanding

Short Long Term Debt vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eit Environmental Short Long Term Debt account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Eit Environmental's Short Long Term Debt and Common Stock Shares Outstanding is 0.84. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Eit Environmental Development, assuming nothing else is changed. The correlation between historical values of Eit Environmental's Short Long Term Debt and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Eit Environmental Development are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Short Long Term Debt i.e., Eit Environmental's Short Long Term Debt and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Eit Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eit Environmental 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 Eit Environmental Development. 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.

As of December 17, 2024, Tax Provision is expected to decline to about 108.6 M. In addition to that, Selling General Administrative is expected to decline to about 115.6 M

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	1.2B	1.4B	966.2M
Total Revenue	4.8B	5.4B	6.2B	4.2B

Gross Profit Total Revenue

Eit Environmental fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding
Total Assets		0.81	0.98	0.99	0.9	0.93	1.0	0.9	0.93	0.99	0.89	0.99	0.86	0.86	0.96	0.86	0.65	0.99	0.94	1.0	0.85	0.86	0.58	0.86	0.99	0.94
Other Current Liab	0.81		0.77	0.83	0.78	0.77	0.84	0.7	0.78	0.86	0.66	0.82	0.63	0.67	0.78	0.78	0.52	0.78	0.77	0.78	0.78	0.74	0.59	0.7	0.83	0.69
Total Current Liabilities	0.98	0.77		0.95	0.92	0.89	0.97	0.91	0.89	0.96	0.85	0.96	0.86	0.88	0.95	0.86	0.65	1.0	0.97	0.98	0.88	0.9	0.62	0.83	0.98	0.93
Total Stockholder Equity	0.99	0.83	0.95		0.85	0.94	0.99	0.87	0.95	0.98	0.9	0.98	0.84	0.83	0.93	0.84	0.64	0.95	0.9	0.99	0.8	0.82	0.53	0.85	0.98	0.94
Other Liab	0.9	0.78	0.92	0.85		0.79	0.88	0.82	0.85	0.93	0.78	0.92	0.81	0.77	0.95	0.72	0.48	0.94	0.94	0.87	0.99	0.93	0.87	0.69	0.91	0.75
Net Tangible Assets	0.93	0.77	0.89	0.94	0.79		0.93	0.96	0.89	0.92	0.97	0.9	0.92	0.94	0.88	0.92	0.78	0.9	0.84	0.93	0.75	0.82	0.49	0.95	0.9	0.93
Retained Earnings	1.0	0.84	0.97	0.99	0.88	0.93		0.89	0.93	0.99	0.88	0.98	0.85	0.86	0.95	0.86	0.66	0.98	0.92	0.99	0.83	0.84	0.55	0.86	0.99	0.94
Accounts Payable	0.9	0.7	0.91	0.87	0.82	0.96	0.89		0.8	0.88	0.94	0.85	0.94	0.99	0.87	0.94	0.83	0.91	0.87	0.9	0.79	0.86	0.56	0.96	0.87	0.91
Cash	0.93	0.78	0.89	0.95	0.85	0.89	0.93	0.8		0.95	0.86	0.96	0.8	0.73	0.91	0.7	0.46	0.9	0.88	0.92	0.81	0.86	0.61	0.72	0.93	0.82
Non Current Assets Total	0.99	0.86	0.96	0.98	0.93	0.92	0.99	0.88	0.95		0.88	0.99	0.86	0.83	0.98	0.83	0.59	0.97	0.94	0.97	0.9	0.89	0.67	0.82	0.99	0.88
Non Currrent Assets Other	0.89	0.66	0.85	0.9	0.78	0.97	0.88	0.94	0.86	0.88		0.87	0.91	0.91	0.86	0.85	0.78	0.86	0.78	0.89	0.74	0.77	0.53	0.91	0.84	0.9
Other Assets	0.99	0.82	0.96	0.98	0.92	0.9	0.98	0.85	0.96	0.99	0.87		0.85	0.8	0.98	0.78	0.54	0.97	0.93	0.97	0.88	0.88	0.65	0.79	0.98	0.88
Long Term Debt	0.86	0.63	0.86	0.84	0.81	0.92	0.85	0.94	0.8	0.86	0.91	0.85		0.93	0.91	0.83	0.67	0.88	0.83	0.86	0.78	0.87	0.55	0.91	0.86	0.82
Net Receivables	0.86	0.67	0.88	0.83	0.77	0.94	0.86	0.99	0.73	0.83	0.91	0.8	0.93		0.82	0.96	0.87	0.88	0.83	0.87	0.74	0.81	0.49	0.97	0.83	0.9
Non Current Liabilities Total	0.96	0.78	0.95	0.93	0.95	0.88	0.95	0.87	0.91	0.98	0.86	0.98	0.91	0.82		0.77	0.53	0.97	0.93	0.94	0.92	0.91	0.71	0.8	0.97	0.84
Inventory	0.86	0.78	0.86	0.84	0.72	0.92	0.86	0.94	0.7	0.83	0.85	0.78	0.83	0.96	0.77		0.9	0.84	0.79	0.86	0.69	0.75	0.41	0.96	0.82	0.91
Other Current Assets	0.65	0.52	0.65	0.64	0.48	0.78	0.66	0.83	0.46	0.59	0.78	0.54	0.67	0.87	0.53	0.9		0.63	0.53	0.68	0.45	0.45	0.2	0.88	0.59	0.82
Total Liab	0.99	0.78	1.0	0.95	0.94	0.9	0.98	0.91	0.9	0.97	0.86	0.97	0.88	0.88	0.97	0.84	0.63		0.97	0.98	0.9	0.91	0.65	0.83	0.99	0.92
Short Long Term Debt	0.94	0.77	0.97	0.9	0.94	0.84	0.92	0.87	0.88	0.94	0.78	0.93	0.83	0.83	0.93	0.79	0.53	0.97		0.93	0.91	0.95	0.69	0.74	0.95	0.84
Total Current Assets	1.0	0.78	0.98	0.99	0.87	0.93	0.99	0.9	0.92	0.97	0.89	0.97	0.86	0.87	0.94	0.86	0.68	0.98	0.93		0.81	0.83	0.52	0.86	0.98	0.97
Non Current Liabilities Other	0.85	0.78	0.88	0.8	0.99	0.75	0.83	0.79	0.81	0.9	0.74	0.88	0.78	0.74	0.92	0.69	0.45	0.9	0.91	0.81		0.93	0.92	0.65	0.87	0.68
Short Term Debt	0.86	0.74	0.9	0.82	0.93	0.82	0.84	0.86	0.86	0.89	0.77	0.88	0.87	0.81	0.91	0.75	0.45	0.91	0.95	0.83	0.93		0.79	0.72	0.87	0.72
Intangible Assets	0.58	0.59	0.62	0.53	0.87	0.49	0.55	0.56	0.61	0.67	0.53	0.65	0.55	0.49	0.71	0.41	0.2	0.65	0.69	0.52	0.92	0.79		0.37	0.6	0.36
Common Stock	0.86	0.7	0.83	0.85	0.69	0.95	0.86	0.96	0.72	0.82	0.91	0.79	0.91	0.97	0.8	0.96	0.88	0.83	0.74	0.86	0.65	0.72	0.37		0.82	0.91
Property Plant Equipment	0.99	0.83	0.98	0.98	0.91	0.9	0.99	0.87	0.93	0.99	0.84	0.98	0.86	0.83	0.97	0.82	0.59	0.99	0.95	0.98	0.87	0.87	0.6	0.82		0.91
Common Stock Shares Outstanding	0.94	0.69	0.93	0.94	0.75	0.93	0.94	0.91	0.82	0.88	0.9	0.88	0.82	0.9	0.84	0.91	0.82	0.92	0.84	0.97	0.68	0.72	0.36	0.91	0.91

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Eit Environmental Account Relationship Matchups

High Positive Relationship

Retained Earnings	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Other Assets	+ 0.99	Total Assets

High Negative Relationship

Not Found

Eit Environmental fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7B	4.5B	5.2B	6.1B	7.3B	4.1B
Other Current Liab	86.4M	97.9M	119.1M	220.5M	82.4M	101.7M
Total Current Liabilities	1.3B	1.5B	1.6B	2.0B	2.7B	1.5B
Total Stockholder Equity	995.0M	2.6B	2.9B	3.3B	3.6B	2.0B
Other Liab	209.9M	219.9M	230.8M	238.5M	274.2M	205.0M
Net Tangible Assets	673.4M	2.2B	2.5B	2.9B	3.3B	3.5B
Retained Earnings	863.0M	1.5B	1.8B	2.2B	2.4B	1.4B
Accounts Payable	247.1M	370.8M	445.0M	572.7M	809.9M	850.4M
Cash	587.4M	1.3B	1.2B	1.0B	1.1B	813.5M
Non Current Assets Total	1.1B	1.7B	2.1B	2.2B	2.2B	1.5B
Non Currrent Assets Other	10.1M	142.7M	157.0M	125.8M	210.1M	220.6M
Other Assets	147.0M	314.4M	380.1M	362.8M	417.2M	220.9M
Long Term Debt	105.0M	90M	240.5M	132.5M	263.5M	276.6M
Net Receivables	927.3M	1.0B	1.5B	2.3B	3.3B	3.4B
Non Current Liabilities Total	314.9M	352.0M	570.4M	441.3M	583.7M	380.8M
Inventory	4.6M	8.5M	15.5M	43.9M	40.0M	42.0M
Other Current Assets	15.8M	62.8M	63.5M	223.1M	265.4M	278.7M
Total Liab	1.6B	1.8B	2.1B	2.5B	3.3B	1.9B
Short Long Term Debt	566.8M	617.5M	514.5M	718M	909.1M	551.8M
Total Current Assets	1.6B	2.9B	3.2B	3.9B	5.1B	2.6B
Non Current Liabilities Other	198.0M	198.3M	207.8M	218.5M	224.3M	199.7M
Intangible Assets	321.6M	319.0M	283.4M	251.4M	218.4M	296.1M
Property Plant Equipment	592.7M	730.5M	961.8M	1.1B	1.2B	649.5M
Deferred Long Term Liab	9.2M	57.1M	65.7M	20.5M	23.6M	30.4M
Net Invested Capital	1.6B	3.3B	3.6B	4.2B	4.8B	3.0B
Net Working Capital	307.9M	1.4B	1.6B	1.9B	2.4B	1.2B

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Other Information on Investing in Eit Stock

Balance Sheet is a snapshot of the financial position of Eit Environmental at a specified time, usually calculated after every quarter, six months, or one year. Eit Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eit Environmental 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 Eit currently owns. An asset can also be divided into two categories, current and non-current.

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