ECD Gross Profit Margin vs Total Current Liabilities Analysis
ECDAW Stock | 0.02 0.00 0.00% |
ECD Automotive financial indicator trend analysis is much more than just examining ECD Automotive Design latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ECD Automotive Design is a good investment. Please check the relationship between ECD Automotive Gross Profit Margin and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ECD Automotive Design. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Gross Profit Margin vs Total Current Liabilities
Gross Profit Margin vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ECD Automotive Design Gross Profit Margin account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between ECD Automotive's Gross Profit Margin and Total Current Liabilities is 0.63. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of ECD Automotive Design, assuming nothing else is changed. The correlation between historical values of ECD Automotive's Gross Profit Margin and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of ECD Automotive Design are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Gross Profit Margin i.e., ECD Automotive's Gross Profit Margin and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.63 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit Margin
Total Current Liabilities
Total Current Liabilities is an item on ECD Automotive balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of ECD Automotive Design are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from ECD Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ECD Automotive Design 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 ECD Automotive Design. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. Issuance Of Capital Stock is likely to climb to about 100.3 K in 2024, whereas Selling General Administrative is likely to drop slightly above 4.4 M in 2024.
2010 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.6M | 3.8M | 4.2M | 3.9M | Total Revenue | 11.5M | 15.0M | 15.1M | 15.3M |
ECD Automotive fundamental ratios Correlations
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ECD Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running ECD Automotive's price analysis, check to measure ECD Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ECD Automotive is operating at the current time. Most of ECD Automotive's value examination focuses on studying past and present price action to predict the probability of ECD Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECD Automotive's price. Additionally, you may evaluate how the addition of ECD Automotive to your portfolios can decrease your overall portfolio volatility.