EAH Stock | | | 65.50 1.50 2.34% |
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 Total Liab and its Current Deferred Revenue 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.
Total Liab vs Current Deferred Revenue
Total Liab vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Eco Animal Health Total Liab account and
Current Deferred Revenue. At this time, the significance of the direction appears to have weak relationship.
The correlation between Eco Animal's Total Liab and Current Deferred Revenue is 0.32. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Current Deferred Revenue 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 Total Liab and Current Deferred Revenue 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 Liab of Eco Animal Health are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Liab i.e., Eco Animal's Total Liab and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
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.
Eco Animal fundamental ratios Correlations
Click cells to compare fundamentals
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
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.