ECARX Cash vs Other Current Assets Analysis
ECX Stock | 1.65 0.01 0.61% |
ECARX Holdings financial indicator trend analysis is much more than just examining ECARX Holdings Class latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ECARX Holdings Class is a good investment. Please check the relationship between ECARX Holdings Cash and its Other Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ECARX Holdings Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Cash vs Other Current Assets
Cash vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ECARX Holdings Class Cash account and Other Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between ECARX Holdings' Cash and Other Current Assets is 0.22. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of ECARX Holdings Class, assuming nothing else is changed. The correlation between historical values of ECARX Holdings' Cash and Other Current 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 Cash of ECARX Holdings Class are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash i.e., ECARX Holdings' Cash and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of ECARX Holdings Class, which is listed under current asset account on ECARX Holdings Class balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from ECARX Holdings customers. The amounts must be unrestricted with restricted cash listed in a different ECARX Holdings account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from ECARX Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ECARX Holdings Class 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 ECARX Holdings Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. Tax Provision is likely to rise to about (3.5 M) in 2024. Selling General Administrative is likely to drop to about 138.9 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 65.2M | 116.5M | 124.6M | 100.5M | Interest Income | 11.8M | 12.4M | 30.5M | 22.9M |
ECARX Holdings fundamental ratios Correlations
Click cells to compare fundamentals
ECARX Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running ECARX Holdings' price analysis, check to measure ECARX Holdings' 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 ECARX Holdings is operating at the current time. Most of ECARX Holdings' value examination focuses on studying past and present price action to predict the probability of ECARX Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECARX Holdings' price. Additionally, you may evaluate how the addition of ECARX Holdings to your portfolios can decrease your overall portfolio volatility.