Eco Accounts Payable vs Net Debt Analysis

EAH Stock

58.50 0.50 0.86%

Eco Animal financial indicator trend analysis is much more than just examining Eco Animal Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eco Animal Health is a good investment. Please check the relationship between Eco Animal Accounts Payable and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eco Animal Health. 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.

Accounts Payable vs Net Debt

Accounts Payable vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Animal Health Accounts Payable account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Eco Animal's Accounts Payable and Net Debt is -0.59. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Debt in the same time period over historical financial statements of Eco Animal Health, assuming nothing else is changed. The correlation between historical values of Eco Animal's Accounts Payable and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Eco Animal Health are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Accounts Payable i.e., Eco Animal's Accounts Payable and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Eco Animal 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 Eco Animal Health 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.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Eco Animal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eco Animal Health 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eco Animal Health. 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.

At present, Eco Animal's Tax Provision is projected to decrease significantly based on the last few years of reporting.

	2022	2023	2024	2025 (projected)
Gross Profit	36.8M	37.7M	43.3M	45.5M
Total Revenue	85.3M	89.4M	102.8M	108.0M

Gross Profit Total Revenue

Eco Animal fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt	Short Term Investments
Total Assets		0.74	0.87	0.95	0.73	-0.69	0.38	0.91	0.88	0.64	0.13	0.88	0.66	0.73	0.75	0.82	0.22	0.98	0.86	0.7	0.95	0.69	0.49	0.26	-0.33	-0.73
Other Current Liab	0.74		0.94	0.53	0.97	-0.3	-0.19	0.6	0.71	0.13	0.63	0.71	0.26	0.37	0.96	0.58	0.3	0.69	0.96	0.96	0.84	0.29	0.62	0.08	-0.3	-0.26
Total Current Liabilities	0.87	0.94		0.69	0.91	-0.38	-0.03	0.77	0.76	0.31	0.55	0.76	0.42	0.53	0.92	0.69	0.35	0.84	1.0	0.9	0.93	0.46	0.64	0.25	-0.29	-0.47
Total Stockholder Equity	0.95	0.53	0.69		0.52	-0.79	0.6	0.9	0.85	0.78	-0.14	0.85	0.73	0.76	0.55	0.76	0.09	0.95	0.67	0.48	0.83	0.76	0.38	0.2	-0.25	-0.82
Property Plant And Equipment Net	0.73	0.97	0.91	0.52		-0.27	-0.18	0.56	0.66	0.14	0.62	0.66	0.26	0.38	0.95	0.62	0.34	0.68	0.93	0.99	0.83	0.29	0.64	0.19	-0.33	-0.26
Net Debt	-0.69	-0.3	-0.38	-0.79	-0.27		-0.72	-0.59	-0.83	-0.72	0.38	-0.83	-0.6	-0.58	-0.31	-0.48	0.17	-0.63	-0.37	-0.24	-0.56	-0.61	-0.13	0.01	0.34	0.59
Retained Earnings	0.38	-0.19	-0.03	0.6	-0.18	-0.72		0.45	0.46	0.8	-0.59	0.46	0.49	0.44	-0.07	0.19	-0.19	0.32	-0.04	-0.18	0.13	0.49	-0.04	0.07	-0.03	-0.52
Accounts Payable	0.91	0.6	0.77	0.9	0.56	-0.59	0.45		0.76	0.61	0.1	0.76	0.58	0.64	0.65	0.75	0.16	0.89	0.76	0.55	0.83	0.61	0.33	0.25	-0.26	-0.67
Cash	0.88	0.71	0.76	0.85	0.66	-0.83	0.46	0.76		0.59	0.08	1.0	0.52	0.54	0.72	0.55	-0.01	0.81	0.76	0.65	0.8	0.55	0.48	-0.02	-0.24	-0.61
Non Current Assets Total	0.64	0.13	0.31	0.78	0.14	-0.72	0.8	0.61	0.59		-0.38	0.59	0.9	0.86	0.16	0.44	0.03	0.65	0.28	0.11	0.43	0.9	0.39	0.08	0.04	-0.84
Non Currrent Assets Other	0.13	0.63	0.55	-0.14	0.62	0.38	-0.59	0.1	0.08	-0.38		0.08	-0.25	-0.16	0.65	0.0	0.54	0.08	0.58	0.66	0.29	-0.23	0.45	0.06	-0.02	0.2
Cash And Short Term Investments	0.88	0.71	0.76	0.85	0.66	-0.83	0.46	0.76	1.0	0.59	0.08		0.52	0.54	0.72	0.55	-0.01	0.81	0.76	0.65	0.8	0.55	0.48	-0.02	-0.24	-0.61
Common Stock Total Equity	0.66	0.26	0.42	0.73	0.26	-0.6	0.49	0.58	0.52	0.9	-0.25	0.52		0.98	0.21	0.58	0.14	0.72	0.39	0.21	0.55	1.0	0.46	0.14	-0.04	-0.84
Common Stock Shares Outstanding	0.73	0.37	0.53	0.76	0.38	-0.58	0.44	0.64	0.54	0.86	-0.16	0.54	0.98		0.33	0.67	0.17	0.78	0.5	0.32	0.65	0.98	0.48	0.24	-0.14	-0.79
Non Current Liabilities Total	0.75	0.96	0.92	0.55	0.95	-0.31	-0.07	0.65	0.72	0.16	0.65	0.72	0.21	0.33		0.53	0.29	0.68	0.95	0.96	0.82	0.24	0.61	0.16	-0.31	-0.23
Inventory	0.82	0.58	0.69	0.76	0.62	-0.48	0.19	0.75	0.55	0.44	0.0	0.55	0.58	0.67	0.53		0.23	0.82	0.66	0.58	0.87	0.6	0.18	0.46	-0.57	-0.51
Other Current Assets	0.22	0.3	0.35	0.09	0.34	0.17	-0.19	0.16	-0.01	0.03	0.54	-0.01	0.14	0.17	0.29	0.23		0.21	0.34	0.34	0.28	0.14	0.13	0.35	-0.25	-0.19
Other Stockholder Equity	0.98	0.69	0.84	0.95	0.68	-0.63	0.32	0.89	0.81	0.65	0.08	0.81	0.72	0.78	0.68	0.82	0.21		0.82	0.64	0.93	0.75	0.5	0.24	-0.26	-0.8
Total Liab	0.86	0.96	1.0	0.67	0.93	-0.37	-0.04	0.76	0.76	0.28	0.58	0.76	0.39	0.5	0.95	0.66	0.34	0.82		0.92	0.92	0.42	0.64	0.24	-0.3	-0.43
Property Plant And Equipment Gross	0.7	0.96	0.9	0.48	0.99	-0.24	-0.18	0.55	0.65	0.11	0.66	0.65	0.21	0.32	0.96	0.58	0.34	0.64	0.92		0.8	0.24	0.62	0.13	-0.3	-0.22
Total Current Assets	0.95	0.84	0.93	0.83	0.83	-0.56	0.13	0.83	0.8	0.43	0.29	0.8	0.55	0.65	0.82	0.87	0.28	0.93	0.92	0.8		0.58	0.46	0.34	-0.48	-0.55
Common Stock	0.69	0.29	0.46	0.76	0.29	-0.61	0.49	0.61	0.55	0.9	-0.23	0.55	1.0	0.98	0.24	0.6	0.14	0.75	0.42	0.24	0.58		0.47	0.14	-0.04	-0.86
Short Long Term Debt Total	0.49	0.62	0.64	0.38	0.64	-0.13	-0.04	0.33	0.48	0.39	0.45	0.48	0.46	0.48	0.61	0.18	0.13	0.5	0.64	0.62	0.46	0.47		-0.06	0.39	-0.49
Current Deferred Revenue	0.26	0.08	0.25	0.2	0.19	0.01	0.07	0.25	-0.02	0.08	0.06	-0.02	0.14	0.24	0.16	0.46	0.35	0.24	0.24	0.13	0.34	0.14	-0.06		-0.57	-0.06
Short Term Debt	-0.33	-0.3	-0.29	-0.25	-0.33	0.34	-0.03	-0.26	-0.24	0.04	-0.02	-0.24	-0.04	-0.14	-0.31	-0.57	-0.25	-0.26	-0.3	-0.3	-0.48	-0.04	0.39	-0.57		-0.15
Short Term Investments	-0.73	-0.26	-0.47	-0.82	-0.26	0.59	-0.52	-0.67	-0.61	-0.84	0.2	-0.61	-0.84	-0.79	-0.23	-0.51	-0.19	-0.8	-0.43	-0.22	-0.55	-0.86	-0.49	-0.06	-0.15

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Eco Animal Account Relationship Matchups

Eco Animal fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	116.9M	113.6M	121.3M	123.3M	141.8M	148.8M
Other Current Liab	6.8M	7.5M	13.1M	13.8M	15.8M	16.6M
Total Current Liabilities	20.2M	17.7M	22.2M	25.2M	29.0M	30.5M
Total Stockholder Equity	81.9M	82.1M	83.3M	83.7M	96.2M	101.1M
Property Plant And Equipment Net	3.6M	5.2M	10.4M	8.5M	9.7M	10.2M
Net Debt	(18.0M)	(12.4M)	(17.2M)	(18.3M)	(16.5M)	(15.7M)
Retained Earnings	13.4M	12.4M	13.9M	15.8M	18.2M	12.3M
Accounts Payable	7.9M	9.4M	6.1M	10.1M	11.6M	12.2M
Cash	19.5M	14.3M	21.7M	22.4M	25.7M	27.0M
Non Current Assets Total	40.4M	40.5M	46.8M	48.5M	55.8M	28.9M
Non Currrent Assets Other	(44.9M)	(18.1M)	(17.9M)	20.4M	18.4M	19.3M
Cash And Short Term Investments	19.5M	14.3M	21.7M	22.4M	25.7M	27.0M
Common Stock Shares Outstanding	67.6M	67.7M	68.6M	69.1M	79.4M	44.3M
Liabilities And Stockholders Equity	116.9M	113.6M	121.3M	123.3M	141.8M	148.8M
Non Current Liabilities Total	1.4M	1.5M	3.6M	4.7M	5.4M	5.6M
Inventory	20.5M	30.1M	22.4M	17.0M	19.5M	20.5M
Other Current Assets	6.6M	5.3M	5.6M	5.6M	5.0M	4.6M
Other Stockholder Equity	62.9M	63.3M	63.3M	63.3M	72.8M	76.5M
Total Liab	21.6M	19.3M	25.8M	29.9M	34.4M	36.1M
Property Plant And Equipment Gross	3.6M	8.6M	14.5M	13.2M	15.1M	15.9M
Total Current Assets	76.5M	73.1M	74.5M	74.7M	85.9M	90.2M
Accumulated Other Comprehensive Income	1.9M	3.0M	2.6M	1.2M	1.3M	1.4M
Common Stock	3.4M	3.4M	3.4M	3.4M	3.9M	2.1M
Short Long Term Debt Total	1.5M	1.9M	4.5M	4.0M	4.6M	3.2M
Current Deferred Revenue	2.2M	203K	1.1M	3K	3.5K	3.6K
Short Term Debt	(1.8M)	194K	(195K)	646K	581.4K	552.3K
Intangible Assets	36.1M	34.3M	35.6M	20.4M	23.5M	21.7M
Net Receivables	29.8M	23.4M	24.8M	29.8M	34.3M	36.0M
Property Plant Equipment	3.8M	4.1M	3.6M	5.2M	6.0M	6.3M
Net Tangible Assets	43.5M	38.3M	47.3M	47.8M	54.9M	42.4M
Net Invested Capital	83.4M	82.1M	83.3M	83.7M	75.3M	71.0M

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

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Eco Accounts Payable vs Net Debt Analysis

Accounts Payable vs Net Debt

Accounts Payable vs Net Debt Correlation Analysis

Correlation Coefficient

Accounts Payable

Net Debt

Eco Animal fundamental ratios Correlations

Eco Animal Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eco Animal fundamental ratios Accounts

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Other Information on Investing in Eco Stock

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Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Other Stockholder Equity	+ 0.98	Total Assets
Common Stock Shares Outstanding	+ 0.98	Common Stock Total Equity

Short Term Investments	- 0.86	Common Stock
Short Term Investments	- 0.84	Common Stock Total Equity
Short Term Investments	- 0.84	Non Current Assets Total
Cash And Short Term Investments	- 0.83	Net Debt
Cash	- 0.83	Net Debt
Short Term Investments	- 0.82	Total Stockholder Equity