ECD Total Current Liabilities vs Total Assets 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 Total Assets 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 Total Assets

Total Current Liabilities vs Total Assets 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 Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between ECD Automotive's Total Current Liabilities and Total Assets is 0.98. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Assets 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 Total Assets 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 Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Liabilities i.e., ECD Automotive's Total Current Liabilities and Total Assets go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

Total Assets

Total assets refers to the total amount of ECD Automotive assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in ECD Automotive Design books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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

Gross Profit Total Revenue

ECD Automotive fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Non Current Liabilities Other
Total Assets		1.0	0.24	0.98	-0.92	0.86	0.97	0.94	-0.93	0.99	0.99	0.89	-0.16	0.9	0.99	-0.92	-0.88	0.94	0.95	-0.15	1.0	0.9	0.87	0.97	0.96	-0.86
Short Long Term Debt Total	1.0		0.21	0.98	-0.91	0.88	0.96	0.93	-0.91	0.99	0.99	0.9	-0.19	0.88	0.99	-0.92	-0.86	0.93	0.94	-0.18	1.0	0.88	0.88	0.96	0.96	-0.87
Other Current Liab	0.24	0.21		0.4	-0.5	-0.23	0.46	0.23	-0.5	0.12	0.36	-0.18	0.91	0.51	0.36	-0.05	-0.51	0.31	0.51	0.91	0.3	0.54	-0.22	0.45	0.46	0.16
Total Current Liabilities	0.98	0.98	0.4		-0.95	0.76	1.0	0.91	-0.95	0.95	1.0	0.8	0.01	0.92	1.0	-0.86	-0.9	0.92	0.99	0.03	0.99	0.93	0.77	1.0	0.99	-0.77
Total Stockholder Equity	-0.92	-0.91	-0.5	-0.95		-0.73	-0.95	-0.96	1.0	-0.9	-0.94	-0.75	-0.09	-1.0	-0.94	0.89	0.99	-0.98	-0.92	-0.11	-0.93	-1.0	-0.73	-0.93	-0.93	0.77
Property Plant And Equipment Net	0.86	0.88	-0.23	0.76	-0.73		0.72	0.89	-0.73	0.93	0.79	1.0	-0.61	0.71	0.79	-0.95	-0.7	0.84	0.65	-0.6	0.83	0.69	1.0	0.72	0.7	-0.99
Current Deferred Revenue	0.97	0.96	0.46	1.0	-0.95	0.72		0.89	-0.95	0.93	0.99	0.76	0.08	0.93	0.99	-0.84	-0.9	0.91	0.99	0.09	0.99	0.93	0.73	1.0	1.0	-0.73
Net Debt	0.94	0.93	0.23	0.91	-0.96	0.89	0.89		-0.96	0.95	0.91	0.9	-0.2	0.95	0.91	-0.98	-0.95	1.0	0.84	-0.18	0.93	0.95	0.89	0.88	0.86	-0.92
Retained Earnings	-0.93	-0.91	-0.5	-0.95	1.0	-0.73	-0.95	-0.96		-0.9	-0.94	-0.76	-0.09	-1.0	-0.94	0.89	0.99	-0.98	-0.92	-0.11	-0.93	-1.0	-0.73	-0.93	-0.93	0.77
Accounts Payable	0.99	0.99	0.12	0.95	-0.9	0.93	0.93	0.95	-0.9		0.96	0.94	-0.29	0.88	0.96	-0.96	-0.86	0.94	0.89	-0.27	0.98	0.87	0.93	0.93	0.92	-0.93
Cash	0.99	0.99	0.36	1.0	-0.94	0.79	0.99	0.91	-0.94	0.96		0.82	-0.03	0.91	1.0	-0.87	-0.89	0.92	0.98	-0.01	1.0	0.92	0.79	0.99	0.99	-0.79
Non Current Assets Total	0.89	0.9	-0.18	0.8	-0.75	1.0	0.76	0.9	-0.76	0.94	0.82		-0.57	0.74	0.82	-0.96	-0.73	0.86	0.69	-0.56	0.86	0.72	1.0	0.75	0.73	-0.99
Non Currrent Assets Other	-0.16	-0.19	0.91	0.01	-0.09	-0.61	0.08	-0.2	-0.09	-0.29	-0.03	-0.57		0.1	-0.03	0.38	-0.1	-0.11	0.15	1.0	-0.1	0.13	-0.6	0.07	0.1	0.56
Long Term Debt	0.9	0.88	0.51	0.92	-1.0	0.71	0.93	0.95	-1.0	0.88	0.91	0.74	0.1		0.91	-0.88	-1.0	0.98	0.89	0.12	0.91	1.0	0.72	0.91	0.9	-0.76
Cash And Short Term Investments	0.99	0.99	0.36	1.0	-0.94	0.79	0.99	0.91	-0.94	0.96	1.0	0.82	-0.03	0.91		-0.87	-0.89	0.92	0.98	-0.01	1.0	0.92	0.79	0.99	0.99	-0.79
Net Receivables	-0.92	-0.92	-0.05	-0.86	0.89	-0.95	-0.84	-0.98	0.89	-0.96	-0.87	-0.96	0.38	-0.88	-0.87		0.88	-0.96	-0.77	0.36	-0.9	-0.87	-0.96	-0.82	-0.81	0.98
Common Stock Shares Outstanding	-0.88	-0.86	-0.51	-0.9	0.99	-0.7	-0.9	-0.95	0.99	-0.86	-0.89	-0.73	-0.1	-1.0	-0.89	0.88		-0.97	-0.86	-0.12	-0.88	-1.0	-0.71	-0.88	-0.87	0.76
Non Current Liabilities Total	0.94	0.93	0.31	0.92	-0.98	0.84	0.91	1.0	-0.98	0.94	0.92	0.86	-0.11	0.98	0.92	-0.96	-0.97		0.86	-0.1	0.93	0.97	0.85	0.89	0.88	-0.88
Inventory	0.95	0.94	0.51	0.99	-0.92	0.65	0.99	0.84	-0.92	0.89	0.98	0.69	0.15	0.89	0.98	-0.77	-0.86	0.86		0.16	0.97	0.9	0.66	1.0	1.0	-0.66
Other Current Assets	-0.15	-0.18	0.91	0.03	-0.11	-0.6	0.09	-0.18	-0.11	-0.27	-0.01	-0.56	1.0	0.12	-0.01	0.36	-0.12	-0.1	0.16		-0.08	0.15	-0.59	0.09	0.11	0.55
Total Liab	1.0	1.0	0.3	0.99	-0.93	0.83	0.99	0.93	-0.93	0.98	1.0	0.86	-0.1	0.91	1.0	-0.9	-0.88	0.93	0.97	-0.08		0.91	0.83	0.98	0.98	-0.83
Net Invested Capital	0.9	0.88	0.54	0.93	-1.0	0.69	0.93	0.95	-1.0	0.87	0.92	0.72	0.13	1.0	0.92	-0.87	-1.0	0.97	0.9	0.15	0.91		0.7	0.92	0.91	-0.74
Property Plant And Equipment Gross	0.87	0.88	-0.22	0.77	-0.73	1.0	0.73	0.89	-0.73	0.93	0.79	1.0	-0.6	0.72	0.79	-0.96	-0.71	0.85	0.66	-0.59	0.83	0.7		0.73	0.71	-0.99
Total Current Assets	0.97	0.96	0.45	1.0	-0.93	0.72	1.0	0.88	-0.93	0.93	0.99	0.75	0.07	0.91	0.99	-0.82	-0.88	0.89	1.0	0.09	0.98	0.92	0.73		1.0	-0.72
Capital Stock	0.96	0.96	0.46	0.99	-0.93	0.7	1.0	0.86	-0.93	0.92	0.99	0.73	0.1	0.9	0.99	-0.81	-0.87	0.88	1.0	0.11	0.98	0.91	0.71	1.0		-0.7
Non Current Liabilities Other	-0.86	-0.87	0.16	-0.77	0.77	-0.99	-0.73	-0.92	0.77	-0.93	-0.79	-0.99	0.56	-0.76	-0.79	0.98	0.76	-0.88	-0.66	0.55	-0.83	-0.74	-0.99	-0.72	-0.7

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ECD Total Current Liabilities vs Total Assets Analysis

Total Current Liabilities vs Total Assets

Total Current Liabilities vs Total Assets Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Total Assets

ECD Automotive fundamental ratios Correlations

ECD Automotive Account Relationship Matchups

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Short Long Term Debt Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total
Current Deferred Revenue	+ 1.0	Total Current Liabilities
Cash	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Total Current Liabilities

Net Invested Capital	- 1.0	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 1.0	Long Term Debt
Net Invested Capital	- 1.0	Retained Earnings
Long Term Debt	- 1.0	Retained Earnings
Net Invested Capital	- 1.0	Total Stockholder Equity
Long Term Debt	- 1.0	Total Stockholder Equity