Elite Net Debt vs Total Cash From Operating Activities Analysis

EEIQ Stock

USD 1.04 0.01 0.97%

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

Net Debt vs Total Cash From Operating Activities

Net Debt vs Total Cash From Operating Activities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elite Education Group Net Debt account and Total Cash From Operating Activities. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Elite Education's Net Debt and Total Cash From Operating Activities is -0.18. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Cash From Operating Activities in the same time period over historical financial statements of Elite Education Group, assuming nothing else is changed. The correlation between historical values of Elite Education's Net Debt and Total Cash From Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Elite Education Group are associated (or correlated) with its Total Cash From Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Cash From Operating Activities has no effect on the direction of Net Debt i.e., Elite Education's Net Debt and Total Cash From Operating Activities go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Cash From Operating Activities

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

At this time, Elite Education's Selling General Administrative is relatively stable compared to the past year. As of 11/29/2024, Sales General And Administrative To Revenue is likely to grow to 1.62, though Enterprise Value Over EBITDA is likely to grow to (0.98).

	2021	2022	2023	2024 (projected)
Interest Income	26.5K	53.1K	47.8K	34.2K
Net Interest Income	17.5K	43.9K	39.5K	28.5K

Interest Income Net Interest Income

Elite Education fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Other Assets	Net Receivables	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock
Other Current Liab		-0.75	-0.54	0.39	0.32	-0.34	-0.49	-0.47	-0.4	-0.49	-0.41	-0.3	0.34	0.1	-0.27	-0.45	0.49	-0.27	0.35	-0.49	-0.41	-0.5	-0.52	-0.41	-0.44	-0.48
Total Current Liabilities	-0.75		0.77	-0.25	-0.69	0.56	0.86	0.58	0.83	0.76	0.7	0.77	-0.31	-0.54	0.71	0.33	-0.72	0.71	-0.39	0.6	0.49	0.57	0.88	0.7	0.62	0.59
Net Tangible Assets	-0.54	0.77		-0.56	-0.89	0.91	0.83	0.92	0.89	0.96	0.91	0.84	-0.74	-0.51	0.68	0.75	-0.96	0.68	-0.33	0.9	0.46	0.85	0.81	0.91	0.88	0.92
Retained Earnings	0.39	-0.25	-0.56		0.42	-0.44	-0.13	-0.8	-0.35	-0.5	-0.37	-0.34	0.74	-0.36	0.03	-0.87	0.65	0.03	0.65	-0.82	-0.64	-0.87	-0.49	-0.37	-0.78	-0.81
Other Assets	0.32	-0.69	-0.89	0.42		-0.84	-0.81	-0.77	-0.82	-0.89	-0.86	-0.79	0.71	0.53	-0.69	-0.58	0.89	-0.69	0.3	-0.76	-0.38	-0.73	-0.72	-0.86	-0.75	-0.77
Net Receivables	-0.34	0.56	0.91	-0.44	-0.84		0.81	0.81	0.82	0.94	0.96	0.8	-0.82	-0.6	0.75	0.65	-0.92	0.75	-0.27	0.77	0.1	0.79	0.55	0.96	0.69	0.81
Total Current Assets	-0.49	0.86	0.83	-0.13	-0.81	0.81		0.57	0.9	0.89	0.92	0.87	-0.45	-0.83	0.95	0.28	-0.82	0.95	-0.25	0.55	0.1	0.58	0.72	0.92	0.52	0.57
Common Stock	-0.47	0.58	0.92	-0.8	-0.77	0.81	0.57		0.74	0.86	0.76	0.71	-0.81	-0.18	0.4	0.92	-0.9	0.4	-0.46	0.99	0.61	0.92	0.76	0.76	0.96	1.0
Property Plant Equipment	-0.4	0.83	0.89	-0.35	-0.82	0.82	0.9	0.74		0.9	0.88	0.99	-0.55	-0.63	0.82	0.44	-0.87	0.82	-0.44	0.74	0.37	0.71	0.86	0.88	0.75	0.75
Total Assets	-0.49	0.76	0.96	-0.5	-0.89	0.94	0.89	0.86	0.9		0.98	0.87	-0.72	-0.6	0.8	0.67	-0.97	0.8	-0.4	0.84	0.3	0.85	0.78	0.98	0.77	0.86
Total Stockholder Equity	-0.41	0.7	0.91	-0.37	-0.86	0.96	0.92	0.76	0.88	0.98		0.86	-0.7	-0.71	0.88	0.55	-0.93	0.88	-0.32	0.73	0.1	0.77	0.66	1.0	0.64	0.76
Property Plant And Equipment Net	-0.3	0.77	0.84	-0.34	-0.79	0.8	0.87	0.71	0.99	0.87	0.86		-0.53	-0.62	0.82	0.4	-0.84	0.82	-0.48	0.72	0.34	0.7	0.83	0.86	0.72	0.72
Current Deferred Revenue	0.34	-0.31	-0.74	0.74	0.71	-0.82	-0.45	-0.81	-0.55	-0.72	-0.7	-0.53		0.06	-0.32	-0.81	0.8	-0.32	0.5	-0.81	-0.27	-0.86	-0.37	-0.7	-0.71	-0.82
Net Debt	0.1	-0.54	-0.51	-0.36	0.53	-0.6	-0.83	-0.18	-0.63	-0.6	-0.71	-0.62	0.06		-0.9	0.1	0.46	-0.9	-0.23	-0.12	0.3	-0.12	-0.36	-0.71	-0.11	-0.17
Cash	-0.27	0.71	0.68	0.03	-0.69	0.75	0.95	0.4	0.82	0.8	0.88	0.82	-0.32	-0.9		0.1	-0.7	1.0	-0.2	0.38	-0.13	0.45	0.58	0.88	0.32	0.41
Non Current Assets Total	-0.45	0.33	0.75	-0.87	-0.58	0.65	0.28	0.92	0.44	0.67	0.55	0.4	-0.81	0.1	0.1		-0.74	0.1	-0.38	0.91	0.57	0.85	0.51	0.55	0.85	0.92
Non Currrent Assets Other	0.49	-0.72	-0.96	0.65	0.89	-0.92	-0.82	-0.9	-0.87	-0.97	-0.93	-0.84	0.8	0.46	-0.7	-0.74		-0.7	0.47	-0.89	-0.39	-0.92	-0.78	-0.93	-0.84	-0.91
Cash And Short Term Investments	-0.27	0.71	0.68	0.03	-0.69	0.75	0.95	0.4	0.82	0.8	0.88	0.82	-0.32	-0.9	1.0	0.1	-0.7		-0.2	0.38	-0.13	0.45	0.58	0.88	0.32	0.41
Common Stock Total Equity	0.35	-0.39	-0.33	0.65	0.3	-0.27	-0.25	-0.46	-0.44	-0.4	-0.32	-0.48	0.5	-0.23	-0.2	-0.38	0.47	-0.2		-0.54	-0.4	-0.68	-0.51	-0.32	-0.45	-0.49
Common Stock Shares Outstanding	-0.49	0.6	0.9	-0.82	-0.76	0.77	0.55	0.99	0.74	0.84	0.73	0.72	-0.81	-0.12	0.38	0.91	-0.89	0.38	-0.54		0.66	0.93	0.78	0.73	0.96	1.0
Other Current Assets	-0.41	0.49	0.46	-0.64	-0.38	0.1	0.1	0.61	0.37	0.3	0.1	0.34	-0.27	0.3	-0.13	0.57	-0.39	-0.13	-0.4	0.66		0.49	0.72	0.1	0.78	0.61
Other Stockholder Equity	-0.5	0.57	0.85	-0.87	-0.73	0.79	0.58	0.92	0.71	0.85	0.77	0.7	-0.86	-0.12	0.45	0.85	-0.92	0.45	-0.68	0.93	0.49		0.7	0.77	0.85	0.94
Total Liab	-0.52	0.88	0.81	-0.49	-0.72	0.55	0.72	0.76	0.86	0.78	0.66	0.83	-0.37	-0.36	0.58	0.51	-0.78	0.58	-0.51	0.78	0.72	0.7		0.66	0.83	0.76
Net Invested Capital	-0.41	0.7	0.91	-0.37	-0.86	0.96	0.92	0.76	0.88	0.98	1.0	0.86	-0.7	-0.71	0.88	0.55	-0.93	0.88	-0.32	0.73	0.1	0.77	0.66		0.64	0.76
Property Plant And Equipment Gross	-0.44	0.62	0.88	-0.78	-0.75	0.69	0.52	0.96	0.75	0.77	0.64	0.72	-0.71	-0.11	0.32	0.85	-0.84	0.32	-0.45	0.96	0.78	0.85	0.83	0.64		0.96
Capital Stock	-0.48	0.59	0.92	-0.81	-0.77	0.81	0.57	1.0	0.75	0.86	0.76	0.72	-0.82	-0.17	0.41	0.92	-0.91	0.41	-0.49	1.0	0.61	0.94	0.76	0.76	0.96

Click cells to compare fundamentals

Elite Education Account Relationship Matchups

Elite Education fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	3.1M	3.6M	2.2M	2.1M	1.8M	2.0M
Total Current Liabilities	6.7M	8.6M	6.1M	6.9M	7.9M	7.4M
Net Tangible Assets	6.5M	7.5M	14.9M	13.8M	15.9M	9.4M
Retained Earnings	4.7M	3.7M	(2.4M)	(9.1M)	(8.2M)	(7.8M)
Other Assets	1.0M	439.4K	321.1K	411.9K	370.7K	732.2K
Net Receivables	818K	1.5M	1.7M	1.0M	1.2M	968.7K
Total Current Assets	10.6M	19.6M	14.1M	8.7M	10.0M	11.6M
Property Plant Equipment	2.9M	3.1M	4.1M	3.2M	3.7M	3.4M
Total Assets	14.2M	24.0M	24.0M	19.2M	22.1M	19.6M
Total Stockholder Equity	7.5M	14.9M	15.1M	9.1M	10.5M	10.6M
Property Plant And Equipment Net	3.1M	4.1M	3.2M	3.2M	3.6M	3.5M
Current Deferred Revenue	4.6M	5.3M	3.3M	4.1M	3.7M	4.0M
Net Debt	(7.3M)	(15.8M)	(10.4M)	(3.8M)	(3.5M)	(3.6M)
Accounts Payable	51.8K	148.8K	91.1K	210.1K	241.6K	253.7K
Cash	7.4M	16.5M	11.4M	5.0M	5.7M	9.7M
Non Current Assets Total	3.6M	4.4M	9.9M	10.5M	12.1M	6.8M
Cash And Short Term Investments	7.4M	16.5M	11.4M	5.0M	5.7M	9.7M
Liabilities And Stockholders Equity	14.2M	24.0M	24.0M	19.2M	22.1M	19.6M
Non Current Liabilities Total	4.7M	462.0K	669.6K	1.4M	1.3M	1.9M
Other Current Assets	1.6M	1.6M	946.3K	2.7M	3.1M	1.9M
Total Liab	6.7M	9.1M	6.7M	8.3M	9.5M	8.4M
Net Invested Capital	7.5M	14.9M	15.1M	9.1M	10.5M	10.6M
Property Plant And Equipment Gross	3.1M	4.7M	3.9M	6.1M	7.1M	4.3M
Accumulated Other Comprehensive Income	(543.1K)	(200.0K)	(28.9K)	(36.3K)	(41.7K)	(43.8K)
Net Working Capital	3.9M	11.0M	8.0M	1.8M	2.1M	2.0M

Pair Trading with Elite Education

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 Elite Education 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 Elite Education will appreciate offsetting losses from the drop in the long position's value.

Moving against Elite Stock

0.56	WAFU	Wah Fu Education	Pair Corr
0.47	EDU	New Oriental Education	Pair Corr
0.46	GV	Visionary Education	Pair Corr
0.43	YQ	17 Education Technology	Pair Corr
0.37	EDTK	Skillful Craftsman	Pair Corr

The ability to find closely correlated positions to Elite Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elite Education 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 Elite Education - 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 Elite Education Group to buy it.

The correlation of Elite Education 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 Elite Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Education Group 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 Elite Education 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

Additional Tools for Elite Stock Analysis

When running Elite Education's price analysis, check to measure Elite Education'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 Elite Education is operating at the current time. Most of Elite Education's value examination focuses on studying past and present price action to predict the probability of Elite Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Education's price. Additionally, you may evaluate how the addition of Elite Education to your portfolios can decrease your overall portfolio volatility.

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