Ecofin Net Invested Capital vs Common Stock Total Equity Analysis

EGL Stock

193.00 2.00 1.05%

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

Net Invested Capital vs Common Stock Total Equity

Net Invested Capital vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ecofin Global Utilities Net Invested Capital account and Common Stock Total Equity. At this time, the significance of the direction appears to have strong relationship.

The correlation between Ecofin Global's Net Invested Capital and Common Stock Total Equity is 0.74. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Ecofin Global Utilities, assuming nothing else is changed. The correlation between historical values of Ecofin Global's Net Invested Capital and Common Stock Total Equity 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 Invested Capital of Ecofin Global Utilities are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Net Invested Capital i.e., Ecofin Global's Net Invested Capital and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

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

As of November 30, 2024, Tax Provision is expected to decline to about 992.8 K. In addition to that, Selling General Administrative is expected to decline to about 674.6 K

	2021	2022	2023	2024 (projected)
Total Operating Expenses	885K	835K	751.5K	674.6K
Cost Of Revenue	2.3M	2.4M	2.7M	2.3M

Total Operating Expenses Cost Of Revenue

Ecofin Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Long Term Investments	Total Current Assets
Total Assets		0.83	0.88	0.92	0.99	0.82	0.98	-0.74	0.88	0.98	0.73	0.19	1.0	-0.95	0.82	0.91	0.51	0.75	0.73	0.84	0.52	0.18	0.89	1.0	1.0	0.6
Short Long Term Debt Total	0.83		0.73	0.92	0.77	0.84	0.71	-0.89	0.92	0.8	0.81	0.52	0.82	-0.86	0.47	0.86	0.18	0.51	0.42	1.0	0.2	-0.22	0.99	0.84	0.82	0.55
Other Current Liab	0.88	0.73		0.77	0.87	0.8	0.83	-0.79	0.85	0.79	0.75	0.03	0.9	-0.92	0.75	0.8	0.26	0.5	0.42	0.75	0.23	-0.07	0.77	0.88	0.9	0.2
Total Current Liabilities	0.92	0.92	0.77		0.89	0.86	0.87	-0.87	0.88	0.93	0.75	0.41	0.91	-0.9	0.61	0.96	0.37	0.64	0.62	0.92	0.41	0.04	0.94	0.92	0.91	0.67
Total Stockholder Equity	0.99	0.77	0.87	0.89		0.78	0.99	-0.68	0.84	0.98	0.68	0.13	0.99	-0.93	0.85	0.88	0.55	0.76	0.76	0.78	0.55	0.24	0.84	0.99	0.99	0.58
Other Liab	0.82	0.84	0.8	0.86	0.78		0.77	-0.89	0.85	0.83	0.97	0.3	0.82	-0.77	0.55	0.83	0.29	0.59	0.57	0.84	0.27	-0.09	0.88	0.82	0.82	0.48
Net Tangible Assets	0.98	0.71	0.83	0.87	0.99	0.77		-0.63	0.8	0.97	0.66	0.09	0.98	-0.88	0.85	0.85	0.59	0.77	0.82	0.72	0.59	0.29	0.8	0.97	0.98	0.61
Current Deferred Revenue	-0.74	-0.89	-0.79	-0.87	-0.68	-0.89	-0.63		-0.81	-0.72	-0.84	-0.49	-0.73	0.8	-0.38	-0.85	-0.03	-0.33	-0.26	-0.89	-0.05	0.26	-0.86	-0.74	-0.73	-0.41
Net Debt	0.88	0.92	0.85	0.88	0.84	0.85	0.8	-0.81		0.81	0.82	0.15	0.89	-0.89	0.64	0.87	0.3	0.62	0.53	0.92	0.3	-0.2	0.94	0.88	0.89	0.34
Retained Earnings	0.98	0.8	0.79	0.93	0.98	0.83	0.97	-0.72	0.81		0.71	0.27	0.97	-0.88	0.77	0.9	0.54	0.78	0.8	0.81	0.56	0.26	0.87	0.98	0.97	0.71
Accounts Payable	0.73	0.81	0.75	0.75	0.68	0.97	0.66	-0.84	0.82	0.71		0.25	0.73	-0.71	0.52	0.76	0.29	0.53	0.49	0.81	0.25	-0.13	0.84	0.72	0.73	0.36
Cash	0.19	0.52	0.03	0.41	0.13	0.3	0.09	-0.49	0.15	0.27	0.25		0.15	-0.21	-0.28	0.25	-0.33	-0.11	-0.09	0.51	-0.27	-0.25	0.45	0.2	0.15	0.64
Non Current Assets Total	1.0	0.82	0.9	0.91	0.99	0.82	0.98	-0.73	0.89	0.97	0.73	0.15		-0.95	0.83	0.91	0.51	0.74	0.72	0.83	0.5	0.16	0.88	1.0	1.0	0.55
Non Currrent Assets Other	-0.95	-0.86	-0.92	-0.9	-0.93	-0.77	-0.88	0.8	-0.89	-0.88	-0.71	-0.21	-0.95		-0.78	-0.9	-0.39	-0.55	-0.52	-0.87	-0.39	-0.04	-0.89	-0.95	-0.95	-0.46
Other Assets	0.82	0.47	0.75	0.61	0.85	0.55	0.85	-0.38	0.64	0.77	0.52	-0.28	0.83	-0.78		0.73	0.81	0.78	0.76	0.48	0.78	0.54	0.56	0.82	0.83	0.34
Cash And Short Term Investments	0.91	0.86	0.8	0.96	0.88	0.83	0.85	-0.85	0.87	0.9	0.76	0.25	0.91	-0.9	0.73		0.5	0.71	0.63	0.87	0.54	0.17	0.89	0.91	0.91	0.58
Net Receivables	0.51	0.18	0.26	0.37	0.55	0.29	0.59	-0.03	0.3	0.54	0.29	-0.33	0.51	-0.39	0.81	0.5		0.78	0.85	0.17	0.99	0.82	0.29	0.5	0.51	0.44
Common Stock Total Equity	0.75	0.51	0.5	0.64	0.76	0.59	0.77	-0.33	0.62	0.78	0.53	-0.11	0.74	-0.55	0.78	0.71	0.78		0.89	0.51	0.79	0.5	0.6	0.74	0.74	0.5
Common Stock Shares Outstanding	0.73	0.42	0.42	0.62	0.76	0.57	0.82	-0.26	0.53	0.8	0.49	-0.09	0.72	-0.52	0.76	0.63	0.85	0.89		0.42	0.85	0.59	0.55	0.72	0.72	0.66
Non Current Liabilities Total	0.84	1.0	0.75	0.92	0.78	0.84	0.72	-0.89	0.92	0.81	0.81	0.51	0.83	-0.87	0.48	0.87	0.17	0.51	0.42		0.19	-0.22	0.99	0.84	0.83	0.54
Other Current Assets	0.52	0.2	0.23	0.41	0.55	0.27	0.59	-0.05	0.3	0.56	0.25	-0.27	0.5	-0.39	0.78	0.54	0.99	0.79	0.85	0.19		0.83	0.3	0.51	0.5	0.5
Other Stockholder Equity	0.18	-0.22	-0.07	0.04	0.24	-0.09	0.29	0.26	-0.2	0.26	-0.13	-0.25	0.16	-0.04	0.54	0.17	0.82	0.5	0.59	-0.22	0.83		-0.13	0.17	0.16	0.42
Total Liab	0.89	0.99	0.77	0.94	0.84	0.88	0.8	-0.86	0.94	0.87	0.84	0.45	0.88	-0.89	0.56	0.89	0.29	0.6	0.55	0.99	0.3	-0.13		0.89	0.88	0.6
Net Invested Capital	1.0	0.84	0.88	0.92	0.99	0.82	0.97	-0.74	0.88	0.98	0.72	0.2	1.0	-0.95	0.82	0.91	0.5	0.74	0.72	0.84	0.51	0.17	0.89		1.0	0.6
Long Term Investments	1.0	0.82	0.9	0.91	0.99	0.82	0.98	-0.73	0.89	0.97	0.73	0.15	1.0	-0.95	0.83	0.91	0.51	0.74	0.72	0.83	0.5	0.16	0.88	1.0		0.55
Total Current Assets	0.6	0.55	0.2	0.67	0.58	0.48	0.61	-0.41	0.34	0.71	0.36	0.64	0.55	-0.46	0.34	0.58	0.44	0.5	0.66	0.54	0.5	0.42	0.6	0.6	0.55

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Ecofin Global Account Relationship Matchups

Ecofin Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	181.8M	233.3M	259.7M	235.9M	271.3M	217.6M
Short Long Term Debt Total	22.8M	35.9M	25.6M	20.0M	23.0M	23.5M
Other Current Liab	2.6M	850K	26.2M	7.4M	8.5M	4.3M
Total Current Liabilities	25.4M	36.7M	26.7M	27.9M	32.1M	21.5M
Total Stockholder Equity	156.4M	196.5M	233.1M	212.0M	243.8M	192.3M
Net Tangible Assets	161.5M	156.4M	196.5M	233.1M	268.0M	185.5M
Net Debt	22.8M	24.6M	25.6M	20.0M	23.0M	20.3M
Retained Earnings	131.4M	160.6M	150.5M	180.0M	207.0M	165.8M
Non Current Assets Total	179.2M	220.9M	258.3M	227.5M	261.6M	211.5M
Non Currrent Assets Other	(179.2M)	(220.9M)	(258.3M)	(227.5M)	(204.8M)	(215.0M)
Other Assets	1.1M	1.1M	1.1M	259.7M	298.7M	313.6M
Liabilities And Stockholders Equity	181.8M	233.3M	259.7M	235.9M	271.3M	217.6M
Non Current Liabilities Total	22.8M	35.9M	26.7M	20.0M	23.0M	23.7M
Other Current Assets	2.6M	2.2M	1.4M	8.4M	9.7M	10.2M
Other Stockholder Equity	5.0M	15.5M	40.8M	210.8M	242.4M	254.6M
Total Liab	22.8M	35.9M	26.7M	24.0M	27.6M	24.6M
Net Invested Capital	179.2M	232.4M	258.7M	232.0M	266.8M	215.8M
Long Term Investments	179.2M	220.9M	258.3M	227.5M	261.6M	211.5M
Total Current Assets	1.5M	11.3M	1.4M	8.4M	9.7M	5.4M
Accumulated Other Comprehensive Income	150.5M	180.0M	191.1M	160.3M	184.3M	173.7M
Short Term Debt	22.8M	35.9M	25.6M	20.0M	23.0M	23.5M
Common Stock	950K	1.0M	1.1M	1.2M	1.3M	1.1M
Capital Stock	950K	1.0M	1.1M	1.2M	1.3M	1.1M

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Other Information on Investing in Ecofin Stock

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

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Ecofin Net Invested Capital vs Common Stock Total Equity Analysis

Net Invested Capital vs Common Stock Total Equity

Net Invested Capital vs Common Stock Total Equity Correlation Analysis

Correlation Coefficient

Net Invested Capital

Common Stock Total Equity

Ecofin Global fundamental ratios Correlations

Ecofin Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ecofin Global fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Long Term Investments	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Net Invested Capital	+ 1.0	Non Current Assets Total
Long Term Investments	+ 1.0	Non Current Assets Total

Long Term Investments	- 0.95	Non Currrent Assets Other
Net Invested Capital	- 0.95	Non Currrent Assets Other
Non Currrent Assets Other	- 0.95	Non Current Assets Total
Non Currrent Assets Other	- 0.95	Total Assets
Non Currrent Assets Other	- 0.93	Total Stockholder Equity
Non Currrent Assets Other	- 0.92	Other Current Liab