| ATN Stock | | | 51.00 3.00 5.56% |
Eastinco Mining financial indicator trend analysis is much more than just examining Eastinco Mining Expl latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastinco Mining Expl is a good investment. Please check the relationship between Eastinco Mining Good Will and its Accounts Payable accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Eastinco Mining Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Good Will vs Accounts Payable
Good Will vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eastinco Mining Expl Good Will account and
Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Eastinco Mining's Good Will and Accounts Payable is -0.37. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Eastinco Mining Exploration, assuming nothing else is changed. The correlation between historical values of Eastinco Mining's Good Will and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Eastinco Mining Exploration are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Good Will i.e., Eastinco Mining's Good Will and Accounts Payable go up and down completely randomly.
Correlation Coefficient | -0.37 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Accounts Payable
An accounting item on the balance sheet that represents Eastinco Mining obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Eastinco Mining Expl are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Eastinco Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastinco Mining Expl 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 Eastinco Mining Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 1.8
M, whereas
Issuance Of Capital Stock is forecasted to decline to about 531.4
K.
Eastinco Mining fundamental ratios Correlations
Click cells to compare fundamentals
Eastinco Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastinco Mining fundamental ratios Accounts
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Other Information on Investing in Eastinco Stock
Balance Sheet is a snapshot of the
financial position of Eastinco Mining Expl at a specified time, usually calculated after every quarter, six months, or one year. Eastinco Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eastinco Mining 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 Eastinco currently owns. An asset can also be divided into two categories, current and non-current.