| EGY Stock | | | 0.03 0.00 0.00% |
Energy Technologies financial indicator trend analysis is much more than just examining Energy Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Technologies is a good investment. Please check the relationship between Energy Technologies Common Stock Shares Outstanding and its Total Current Liabilities accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Technologies Limited. 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.
Common Stock Shares Outstanding vs Total Current Liabilities
Common Stock Shares Outstanding vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Energy Technologies Common Stock Shares Outstanding account and
Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Energy Technologies' Common Stock Shares Outstanding and Total Current Liabilities is 0.26. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Energy Technologies Limited, assuming nothing else is changed. The correlation between historical values of Energy Technologies' Common Stock Shares Outstanding and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Energy Technologies Limited are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Common Stock Shares Outstanding i.e., Energy Technologies' Common Stock Shares Outstanding and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.26 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Total Current Liabilities
Total Current Liabilities is an item on Energy Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Energy Technologies Limited 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.
Most indicators from Energy Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy Technologies 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 Energy Technologies Limited. 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, Energy Technologies'
Tax Provision is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 4.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 4.3
M in 2024.
Energy Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Energy Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Energy Technologies fundamental ratios Accounts
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Additional Tools for Energy Stock Analysis
When running Energy Technologies' price analysis, check to
measure Energy Technologies' 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 Energy Technologies is operating at the current time. Most of Energy Technologies' value examination focuses on studying past and present price action to
predict the probability of Energy Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Technologies' price. Additionally, you may evaluate how the addition of Energy Technologies to your portfolios can decrease your overall portfolio volatility.