ECD Total Current Liabilities vs Cash And Short Term Investments Analysis

ECDAW Stock   0.02  0.01  38.79%   
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 Total Current Liabilities and its Cash And Short Term Investments 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.

Total Current Liabilities vs Cash And Short Term Investments

Total Current Liabilities vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ECD Automotive Design Total Current Liabilities account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.
The correlation between ECD Automotive's Total Current Liabilities and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments 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 Total Current Liabilities and Cash And Short Term Investments 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 Current Liabilities of ECD Automotive Design are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Liabilities i.e., ECD Automotive's Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of ECD Automotive Design balance sheet. This account contains ECD Automotive investments that will expire within one year. These investments include stocks and bonds that can be liquidated by ECD Automotive Design fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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 Profit2.6M3.8M4.2M3.9M
Total Revenue11.5M15.0M15.1M15.3M

ECD Automotive fundamental ratios Correlations

1.00.240.98-0.920.860.970.94-0.930.990.990.89-0.160.90.99-0.92-0.880.940.95-0.151.00.90.870.970.96-0.86
1.00.210.98-0.910.880.960.93-0.910.990.990.9-0.190.880.99-0.92-0.860.930.94-0.181.00.880.880.960.96-0.87
0.240.210.4-0.5-0.230.460.23-0.50.120.36-0.180.910.510.36-0.05-0.510.310.510.910.30.54-0.220.450.460.16
0.980.980.4-0.950.761.00.91-0.950.951.00.80.010.921.0-0.86-0.90.920.990.030.990.930.771.00.99-0.77
-0.92-0.91-0.5-0.95-0.73-0.95-0.961.0-0.9-0.94-0.75-0.09-1.0-0.940.890.99-0.98-0.92-0.11-0.93-1.0-0.73-0.93-0.930.77
0.860.88-0.230.76-0.730.720.89-0.730.930.791.0-0.610.710.79-0.95-0.70.840.65-0.60.830.691.00.720.7-0.99
0.970.960.461.0-0.950.720.89-0.950.930.990.760.080.930.99-0.84-0.90.910.990.090.990.930.731.01.0-0.73
0.940.930.230.91-0.960.890.89-0.960.950.910.9-0.20.950.91-0.98-0.951.00.84-0.180.930.950.890.880.86-0.92
-0.93-0.91-0.5-0.951.0-0.73-0.95-0.96-0.9-0.94-0.76-0.09-1.0-0.940.890.99-0.98-0.92-0.11-0.93-1.0-0.73-0.93-0.930.77
0.990.990.120.95-0.90.930.930.95-0.90.960.94-0.290.880.96-0.96-0.860.940.89-0.270.980.870.930.930.92-0.93
0.990.990.361.0-0.940.790.990.91-0.940.960.82-0.030.911.0-0.87-0.890.920.98-0.011.00.920.790.990.99-0.79
0.890.9-0.180.8-0.751.00.760.9-0.760.940.82-0.570.740.82-0.96-0.730.860.69-0.560.860.721.00.750.73-0.99
-0.16-0.190.910.01-0.09-0.610.08-0.2-0.09-0.29-0.03-0.570.1-0.030.38-0.1-0.110.151.0-0.10.13-0.60.070.10.56
0.90.880.510.92-1.00.710.930.95-1.00.880.910.740.10.91-0.88-1.00.980.890.120.911.00.720.910.9-0.76
0.990.990.361.0-0.940.790.990.91-0.940.961.00.82-0.030.91-0.87-0.890.920.98-0.011.00.920.790.990.99-0.79
-0.92-0.92-0.05-0.860.89-0.95-0.84-0.980.89-0.96-0.87-0.960.38-0.88-0.870.88-0.96-0.770.36-0.9-0.87-0.96-0.82-0.810.98
-0.88-0.86-0.51-0.90.99-0.7-0.9-0.950.99-0.86-0.89-0.73-0.1-1.0-0.890.88-0.97-0.86-0.12-0.88-1.0-0.71-0.88-0.870.76
0.940.930.310.92-0.980.840.911.0-0.980.940.920.86-0.110.980.92-0.96-0.970.86-0.10.930.970.850.890.88-0.88
0.950.940.510.99-0.920.650.990.84-0.920.890.980.690.150.890.98-0.77-0.860.860.160.970.90.661.01.0-0.66
-0.15-0.180.910.03-0.11-0.60.09-0.18-0.11-0.27-0.01-0.561.00.12-0.010.36-0.12-0.10.16-0.080.15-0.590.090.110.55
1.01.00.30.99-0.930.830.990.93-0.930.981.00.86-0.10.911.0-0.9-0.880.930.97-0.080.910.830.980.98-0.83
0.90.880.540.93-1.00.690.930.95-1.00.870.920.720.131.00.92-0.87-1.00.970.90.150.910.70.920.91-0.74
0.870.88-0.220.77-0.731.00.730.89-0.730.930.791.0-0.60.720.79-0.96-0.710.850.66-0.590.830.70.730.71-0.99
0.970.960.451.0-0.930.721.00.88-0.930.930.990.750.070.910.99-0.82-0.880.891.00.090.980.920.731.0-0.72
0.960.960.460.99-0.930.71.00.86-0.930.920.990.730.10.90.99-0.81-0.870.881.00.110.980.910.711.0-0.7
-0.86-0.870.16-0.770.77-0.99-0.73-0.920.77-0.93-0.79-0.990.56-0.76-0.790.980.76-0.88-0.660.55-0.83-0.74-0.99-0.72-0.7
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ECD Automotive Account Relationship Matchups

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