ECN Ebit vs Net Income Analysis

ECN Stock

CAD 2.91 0.06 2.11%

ECN Capital financial indicator trend analysis is much more than just examining ECN Capital Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ECN Capital Corp is a good investment. Please check the relationship between ECN Capital Ebit and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ECN Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Ebit vs Net Income

Ebit vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ECN Capital Corp Ebit account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between ECN Capital's Ebit and Net Income is 0.54. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Net Income in the same time period over historical financial statements of ECN Capital Corp, assuming nothing else is changed. The correlation between historical values of ECN Capital's Ebit and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of ECN Capital Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Ebit i.e., ECN Capital's Ebit and Net Income go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Ebit

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in ECN Capital Corp financial statement analysis. It represents the amount of money remaining after all of ECN Capital Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from ECN Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ECN Capital Corp 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 ECN Capital Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, ECN Capital's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Tax Provision is likely to grow to about 5.4 M, while Discontinued Operations is likely to drop about 10 M.

	2021	2022	2023	2024 (projected)
Interest Expense	964.8M	4.7M	5.4M	5.1M
Depreciation And Amortization	9.4M	12.9M	14.8M	20.8M

Interest Expense Depreciation And Amortization

ECN Capital fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets
Common Stock Shares Outstanding		0.82	0.65	0.31	0.89	0.58	-0.89	0.82	0.77	0.8	0.32	0.59	-0.86	-0.43	0.87	0.81	-0.69	0.4	0.35	-0.19	0.79	0.77	0.79	0.89	0.88	-0.73
Total Assets	0.82		0.96	0.21	0.92	0.65	-0.86	0.97	0.98	0.96	0.11	0.87	-0.73	-0.19	0.91	0.91	-0.73	0.76	0.23	0.22	0.96	0.98	0.98	0.96	0.93	-0.77
Short Long Term Debt Total	0.65	0.96		0.23	0.84	0.53	-0.78	0.91	0.96	0.95	-0.07	0.85	-0.61	-0.12	0.86	0.88	-0.75	0.86	0.1	0.41	0.95	0.96	0.96	0.9	0.85	-0.78
Other Current Liab	0.31	0.21	0.23		0.33	-0.24	-0.54	0.19	0.3	0.33	0.08	-0.03	-0.51	-0.83	0.38	0.32	-0.63	0.22	-0.12	-0.12	0.34	0.31	0.29	0.31	0.11	-0.65
Total Current Liabilities	0.89	0.92	0.84	0.33		0.49	-0.91	0.88	0.9	0.93	0.16	0.74	-0.71	-0.28	0.95	0.93	-0.81	0.6	0.14	0.1	0.94	0.9	0.95	0.94	0.97	-0.84
Total Stockholder Equity	0.58	0.65	0.53	-0.24	0.49		-0.37	0.78	0.64	0.42	0.48	0.84	-0.5	0.2	0.36	0.33	-0.03	0.26	0.71	0.21	0.42	0.64	0.55	0.5	0.57	-0.12
Other Liab	-0.89	-0.86	-0.78	-0.54	-0.91	-0.37		-0.81	-0.85	-0.9	-0.26	-0.58	0.79	0.59	-0.95	-0.88	0.88	-0.59	-0.23	0.08	-0.9	-0.85	-0.87	-0.92	-0.84	0.92
Net Tangible Assets	0.82	0.97	0.91	0.19	0.88	0.78	-0.81		0.98	0.89	0.22	0.93	-0.75	-0.15	0.84	0.83	-0.63	0.69	0.37	0.24	0.89	0.97	0.95	0.91	0.9	-0.69
Property Plant And Equipment Net	0.77	0.98	0.96	0.3	0.9	0.64	-0.85	0.98		0.93	0.13	0.9	-0.7	-0.21	0.88	0.87	-0.74	0.78	0.26	0.3	0.94	1.0	0.98	0.93	0.89	-0.8
Net Debt	0.8	0.96	0.95	0.33	0.93	0.42	-0.9	0.89	0.93		-0.06	0.72	-0.71	-0.31	0.98	0.98	-0.89	0.83	0.04	0.16	0.99	0.93	0.97	0.98	0.92	-0.9
Accounts Payable	0.32	0.11	-0.07	0.08	0.16	0.48	-0.26	0.22	0.13	-0.06		0.25	-0.16	-0.23	0.0	-0.12	0.17	-0.37	0.81	-0.28	-0.05	0.13	0.03	0.04	0.09	0.05
Non Current Assets Total	0.59	0.87	0.85	-0.03	0.74	0.84	-0.58	0.93	0.9	0.72	0.25		-0.48	0.14	0.62	0.64	-0.39	0.62	0.42	0.44	0.74	0.9	0.85	0.72	0.77	-0.47
Non Currrent Assets Other	-0.86	-0.73	-0.61	-0.51	-0.71	-0.5	0.79	-0.75	-0.7	-0.71	-0.16	-0.48		0.52	-0.77	-0.7	0.65	-0.42	-0.27	0.04	-0.68	-0.7	-0.69	-0.79	-0.67	0.68
Other Assets	-0.43	-0.19	-0.12	-0.83	-0.28	0.2	0.59	-0.15	-0.21	-0.31	-0.23	0.14	0.52		-0.41	-0.33	0.59	-0.19	-0.01	0.58	-0.3	-0.21	-0.21	-0.35	-0.11	0.62
Long Term Debt	0.87	0.91	0.86	0.38	0.95	0.36	-0.95	0.84	0.88	0.98	0.0	0.62	-0.77	-0.41		0.98	-0.91	0.72	0.04	0.03	0.97	0.88	0.93	0.98	0.92	-0.92
Net Receivables	0.81	0.91	0.88	0.32	0.93	0.33	-0.88	0.83	0.87	0.98	-0.12	0.64	-0.7	-0.33	0.98		-0.9	0.79	-0.09	0.06	0.98	0.87	0.94	0.97	0.92	-0.9
Good Will	-0.69	-0.73	-0.75	-0.63	-0.81	-0.03	0.88	-0.63	-0.74	-0.89	0.17	-0.39	0.65	0.59	-0.91	-0.9		-0.75	0.18	0.02	-0.88	-0.74	-0.8	-0.85	-0.72	0.99
Non Current Liabilities Total	0.4	0.76	0.86	0.22	0.6	0.26	-0.59	0.69	0.78	0.83	-0.37	0.62	-0.42	-0.19	0.72	0.79	-0.75		-0.17	0.25	0.82	0.78	0.79	0.75	0.61	-0.74
Other Current Assets	0.35	0.23	0.1	-0.12	0.14	0.71	-0.23	0.37	0.26	0.04	0.81	0.42	-0.27	-0.01	0.04	-0.09	0.18	-0.17		0.01	0.01	0.25	0.12	0.12	0.17	0.06
Other Stockholder Equity	-0.19	0.22	0.41	-0.12	0.1	0.21	0.08	0.24	0.3	0.16	-0.28	0.44	0.04	0.58	0.03	0.06	0.02	0.25	0.01		0.18	0.3	0.25	0.05	0.14	0.01
Total Liab	0.79	0.96	0.95	0.34	0.94	0.42	-0.9	0.89	0.94	0.99	-0.05	0.74	-0.68	-0.3	0.97	0.98	-0.88	0.82	0.01	0.18		0.94	0.98	0.97	0.92	-0.9
Property Plant And Equipment Gross	0.77	0.98	0.96	0.31	0.9	0.64	-0.85	0.97	1.0	0.93	0.13	0.9	-0.7	-0.21	0.88	0.87	-0.74	0.78	0.25	0.3	0.94		0.98	0.92	0.89	-0.8
Short Long Term Debt	0.79	0.98	0.96	0.29	0.95	0.55	-0.87	0.95	0.98	0.97	0.03	0.85	-0.69	-0.21	0.93	0.94	-0.8	0.79	0.12	0.25	0.98	0.98		0.96	0.94	-0.84
Total Current Assets	0.89	0.96	0.9	0.31	0.94	0.5	-0.92	0.91	0.93	0.98	0.04	0.72	-0.79	-0.35	0.98	0.97	-0.85	0.75	0.12	0.05	0.97	0.92	0.96		0.94	-0.87
Short Term Debt	0.88	0.93	0.85	0.11	0.97	0.57	-0.84	0.9	0.89	0.92	0.09	0.77	-0.67	-0.11	0.92	0.92	-0.72	0.61	0.17	0.14	0.92	0.89	0.94	0.94		-0.74
Intangible Assets	-0.73	-0.77	-0.78	-0.65	-0.84	-0.12	0.92	-0.69	-0.8	-0.9	0.05	-0.47	0.68	0.62	-0.92	-0.9	0.99	-0.74	0.06	0.01	-0.9	-0.8	-0.84	-0.87	-0.74

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ECN Capital Account Relationship Matchups

ECN Capital fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	242.6M	247.0M	250.5M	247.5M	262.0M	262.7M
Total Assets	1.7B	1.7B	1.1B	1.4B	1.3B	2.0B
Short Long Term Debt Total	878.1M	993.9M	294.2M	1.0B	917.7M	1.4B
Other Current Liab	(700.2M)	(813.9M)	383.0M	37.1M	29.4M	30.8M
Total Current Liabilities	234.6M	152.0M	513.8M	78.3M	57.4M	54.6M
Total Stockholder Equity	879.0M	822.6M	218.6M	193.7M	209.5M	199.0M
Other Liab	171.8M	159.9M	191.0M	120.0M	137.9M	103.1M
Net Tangible Assets	284.3M	60.0M	3.1M	(217.0M)	(195.3M)	(185.5M)
Property Plant And Equipment Net	38.2M	18.9M	62.2M	69.2M	18.7M	17.8M
Net Debt	395.9M	493.8M	229.6M	995.3M	894.5M	1.1B
Accounts Payable	86.6M	52.1M	86.6M	39.7M	28.1M	52.8M
Non Current Assets Total	958.1M	981.0M	606.4M	399.1M	353.3M	335.6M
Non Currrent Assets Other	130.3M	174.6M	117.0M	71.3M	82.2M	65.0M
Other Assets	196.7M	254.0M	8.0M	19.6M	22.6M	21.4M
Long Term Debt	430.5M	55.1M	274.6M	1.0B	900.6M	1.1B
Net Receivables	469.3M	542.1M	455.2M	987.9M	768.0M	920.6M
Good Will	421.4M	422.4M	230.2M	125.4M	126.8M	223.6M
Liabilities And Stockholders Equity	1.7B	1.7B	1.1B	1.4B	1.3B	2.0B
Non Current Liabilities Total	610.5M	731.7M	413.7M	1.1B	1.0B	754.8M
Other Current Assets	99.1M	220.0M	145.1M	(13.2M)	(11.8M)	(11.3M)
Other Stockholder Equity	214.3M	215.9M	77.6M	79.0M	82.0M	157.5M
Total Liab	845.1M	883.6M	927.5M	1.2B	1.1B	1.3B
Property Plant And Equipment Gross	38.2M	18.9M	75.7M	74.5M	23.1M	22.0M
Short Long Term Debt	1.4B	335.4M	430.5M	462.1M	415.9M	395.1M
Total Current Assets	766.0M	725.2M	531.8M	1.0B	931.5M	1.1B
Accumulated Other Comprehensive Income	(13.4M)	(17.2M)	(8.9M)	(34.3M)	(28.5M)	(27.1M)
Intangible Assets	252.7M	257.9M	138.4M	104.5M	105.0M	142.6M
Common Stock	615.5M	608.7M	590.5M	586.2M	656.9M	659.2M
Property Plant Equipment	38.2M	18.9M	62.2M	69.2M	62.3M	59.1M
Long Term Debt Total	447.6M	531.8M	294.2M	1.0B	923.9M	975.1M
Current Deferred Revenue	67.6M	44.7M	44.1M	1.5M	1.4M	1.3M
Retained Earnings	24.9M	(16.1M)	(507.7M)	(504.3M)	(624.8M)	(593.6M)
Cash	51.7M	38.0M	45.0M	12.7M	23.2M	27.4M
Cash And Short Term Investments	51.7M	38.0M	45.0M	12.7M	23.2M	22.1M
Common Stock Total Equity	1.1B	817.9M	615.5M	608.7M	547.8M	670.9M
Capital Surpluse	107.1M	108.0M	77.6M	79.0M	71.1M	75.3M
Long Term Investments	71.0M	46.8M	19.7M	11.7M	11.1M	10.5M
Net Invested Capital	1.2B	1.2B	426.2M	1.1B	986.1M	993.7M

Pair Trading with ECN Capital

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ECN Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ECN Capital will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to ECN Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ECN Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ECN Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ECN Capital Corp to buy it.

The correlation of ECN Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ECN Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ECN Capital Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for ECN Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in ECN Stock

Balance Sheet is a snapshot of the financial position of ECN Capital Corp at a specified time, usually calculated after every quarter, six months, or one year. ECN Capital Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ECN Capital 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 ECN currently owns. An asset can also be divided into two categories, current and non-current.

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ECN Ebit vs Net Income Analysis

Ebit vs Net Income

Ebit vs Net Income Correlation Analysis

Correlation Coefficient

Ebit

Net Income

ECN Capital fundamental ratios Correlations

ECN Capital Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ECN Capital fundamental ratios Accounts

Pair Trading with ECN Capital

Other Information on Investing in ECN Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 0.99	Net Debt
Intangible Assets	+ 0.99	Good Will
Property Plant And Equipment Net	+ 0.98	Total Assets
Property Plant And Equipment Gross	+ 0.98	Total Assets
Short Long Term Debt	+ 0.98	Total Assets

Long Term Debt	- 0.95	Other Liab
Intangible Assets	- 0.92	Long Term Debt
Total Current Assets	- 0.92	Other Liab
Good Will	- 0.91	Long Term Debt
Other Liab	- 0.91	Total Current Liabilities
Intangible Assets	- 0.9	Total Liab