| EHL Stock | | | 0.88 0.01 1.15% |
Emeco Holdings financial indicator trend analysis is much more than just examining Emeco Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Emeco Holdings is a good investment. Please check the relationship between Emeco Holdings Total Current Liabilities and its Good Will accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emeco Holdings. 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.
Total Current Liabilities vs Good Will
Total Current Liabilities vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Emeco Holdings Total Current Liabilities account and
Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Emeco Holdings' Total Current Liabilities and Good Will is -0.43. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Good Will in the same time period over historical financial statements of Emeco Holdings, assuming nothing else is changed. The correlation between historical values of Emeco Holdings' Total Current Liabilities and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Emeco Holdings are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Current Liabilities i.e., Emeco Holdings' Total Current Liabilities and Good Will go up and down completely randomly.
Correlation Coefficient | -0.43 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Emeco Holdings balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Emeco Holdings 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.
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Emeco Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Emeco Holdings 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 Emeco Holdings. 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.
Tax Provision is likely to gain to about 24.1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 76
M in 2024.
Emeco Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Emeco Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Emeco Holdings fundamental ratios Accounts
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Additional Tools for Emeco Stock Analysis
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predict the probability of Emeco Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emeco Holdings' price. Additionally, you may evaluate how the addition of Emeco Holdings to your portfolios can decrease your overall portfolio volatility.