Eco Short Term Debt vs Non Current Assets Total Analysis

EAH Stock   66.00  0.50  0.76%   
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 Short Term Debt and its Non Current Assets Total 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.

Short Term Debt vs Non Current Assets Total

Short Term Debt vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Animal Health Short Term Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have no relationship.
The correlation between Eco Animal's Short Term Debt and Non Current Assets Total is 0.07. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Non Current Assets Total 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 Short Term Debt and Non Current Assets Total 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 Term Debt of Eco Animal Health are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Short Term Debt i.e., Eco Animal's Short Term Debt and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.07
Relationship DirectionPositive 
Relationship StrengthInsignificant

Short Term Debt

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
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 increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Gross Profit33.7M36.8M35.8M37.6M
Total Revenue82.2M85.3M89.4M93.9M

Eco Animal fundamental ratios Correlations

0.660.840.790.65-0.750.430.890.850.69-0.060.850.730.780.670.740.20.980.820.610.940.750.420.32-0.38-0.79
0.660.920.180.96-0.34-0.240.470.60.050.550.60.260.30.940.410.290.710.940.950.80.220.560.13-0.41-0.28
0.840.920.410.88-0.43-0.050.70.680.280.440.680.470.520.890.560.350.871.00.850.920.450.590.33-0.39-0.53
0.790.180.410.2-0.730.70.720.660.94-0.530.660.930.950.170.760.020.720.370.140.630.940.240.25-0.18-0.81
0.650.960.880.2-0.29-0.220.430.550.070.530.550.260.310.940.470.340.680.910.990.780.230.580.25-0.43-0.27
-0.75-0.34-0.43-0.73-0.29-0.7-0.65-0.93-0.70.4-0.93-0.57-0.55-0.37-0.440.18-0.67-0.43-0.27-0.61-0.58-0.110.010.370.59
0.43-0.24-0.050.7-0.22-0.70.510.530.81-0.660.530.480.45-0.10.24-0.20.3-0.06-0.230.150.5-0.070.07-0.01-0.52
0.890.470.70.720.43-0.650.510.70.65-0.090.70.630.670.540.650.120.880.680.410.790.640.220.3-0.31-0.72
0.850.60.680.660.55-0.930.530.70.64-0.131.00.570.560.610.42-0.070.80.680.520.740.580.40.0-0.29-0.66
0.690.050.280.940.07-0.70.810.650.64-0.540.640.880.860.080.520.00.620.250.020.440.90.320.10.07-0.86
-0.060.550.44-0.530.530.4-0.66-0.09-0.13-0.54-0.13-0.32-0.350.57-0.230.540.040.470.580.14-0.40.350.08-0.090.24
0.850.60.680.660.55-0.930.530.71.00.64-0.130.570.560.610.42-0.070.80.680.520.740.580.40.0-0.29-0.66
0.730.260.470.930.26-0.570.480.630.570.88-0.320.570.980.210.690.130.720.430.20.60.980.430.14-0.03-0.84
0.780.30.520.950.31-0.550.450.670.560.86-0.350.560.980.240.790.140.760.480.240.680.980.390.27-0.11-0.83
0.670.940.890.170.94-0.37-0.10.540.610.080.570.610.210.240.340.280.710.920.940.770.150.530.23-0.44-0.25
0.740.410.560.760.47-0.440.240.650.420.52-0.230.420.690.790.340.190.680.530.420.790.710.090.48-0.52-0.48
0.20.290.350.020.340.18-0.20.12-0.070.00.54-0.070.130.140.280.190.210.340.330.260.120.090.36-0.27-0.18
0.980.710.870.720.68-0.670.30.880.80.620.040.80.720.760.710.680.210.850.640.930.730.470.25-0.32-0.8
0.820.941.00.370.91-0.43-0.060.680.680.250.470.680.430.480.920.530.340.850.890.90.40.590.32-0.41-0.49
0.610.950.850.140.99-0.27-0.230.410.520.020.580.520.20.240.940.420.330.640.890.740.160.560.18-0.41-0.22
0.940.80.920.630.78-0.610.150.790.740.440.140.740.60.680.770.790.260.930.90.740.610.370.41-0.55-0.59
0.750.220.450.940.23-0.580.50.640.580.9-0.40.580.980.980.150.710.120.730.40.160.610.40.16-0.01-0.89
0.420.560.590.240.58-0.11-0.070.220.40.320.350.40.430.390.530.090.090.470.590.560.370.4-0.050.4-0.51
0.320.130.330.250.250.010.070.30.00.10.080.00.140.270.230.480.360.250.320.180.410.16-0.05-0.55-0.06
-0.38-0.41-0.39-0.18-0.430.37-0.01-0.31-0.290.07-0.09-0.29-0.03-0.11-0.44-0.52-0.27-0.32-0.41-0.41-0.55-0.010.4-0.55-0.14
-0.79-0.28-0.53-0.81-0.270.59-0.52-0.72-0.66-0.860.24-0.66-0.84-0.83-0.25-0.48-0.18-0.8-0.49-0.22-0.59-0.89-0.51-0.06-0.14
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Eco Animal Account Relationship Matchups

Eco Animal fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets100.0M116.9M113.6M121.3M123.3M129.4M
Other Current Liab7.3M6.8M7.5M13.1M13.8M14.5M
Total Current Liabilities17.9M20.2M17.7M22.2M25.2M26.5M
Total Stockholder Equity74.7M81.9M82.1M83.3M83.7M47.0M
Property Plant And Equipment Net4.1M3.6M5.2M10.4M8.5M8.9M
Net Debt(8.1M)(18.0M)(12.4M)(17.2M)(18.3M)(17.4M)
Retained Earnings7.2M13.4M12.4M13.9M15.8M12.3M
Accounts Payable7.6M7.9M9.4M6.1M10.1M10.6M
Cash11.9M19.5M14.3M21.7M22.4M23.5M
Non Current Assets Total40.6M40.4M40.5M46.8M48.5M28.9M
Non Currrent Assets Other(59.6M)(44.9M)(18.1M)(17.9M)20.4M21.4M
Cash And Short Term Investments11.9M19.5M14.3M21.7M22.4M23.5M
Common Stock Total Equity3.3M3.4M3.4M3.4M3.9M2.0M
Common Stock Shares Outstanding70.3M67.6M67.7M68.6M69.1M44.3M
Liabilities And Stockholders Equity100.0M116.9M113.6M121.3M123.3M129.4M
Non Current Liabilities Total1.7M1.4M1.5M3.6M4.7M4.9M
Inventory17.3M20.5M30.1M22.4M17.0M9.1M
Other Current Assets4.3M6.6M5.3M5.6M5.6M4.6M
Other Stockholder Equity62.7M62.9M63.3M63.3M72.8M76.5M
Total Liab19.5M21.6M19.3M25.8M29.9M31.4M
Property Plant And Equipment Gross4.1M3.6M8.6M14.5M13.2M13.8M
Total Current Assets59.4M76.5M73.1M74.5M74.7M78.5M
Accumulated Other Comprehensive Income1.2M1.9M3.0M2.6M1.2M1.2M
Common Stock3.4M3.4M3.4M3.4M3.4M2.1M
Short Long Term Debt Total3.8M1.5M1.9M4.5M4.0M3.2M
Current Deferred Revenue594K2.2M203K1.1M3K3.2K
Short Term Debt2.4M(1.8M)194K(195K)(44K)(41.8K)
Intangible Assets36.0M36.1M34.3M35.6M20.4M21.7M
Net Receivables30.3M29.8M23.4M24.8M29.8M15.8M
Property Plant Equipment3.8M4.1M3.6M5.2M6.0M6.3M
Other Liab1.3M1.6M636K183K210.5K199.9K
Net Tangible Assets43.5M38.3M47.3M47.8M54.9M42.4M
Capital Surpluse58.8M62.7M62.9M63.3M72.7M67.3M
Net Invested Capital81.8M83.4M82.1M83.3M83.7M71.0M

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Other Information on Investing in Eco Stock

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.