Elevate Net Debt vs Cash Analysis

EL8 Stock

0.31 0.01 3.13%

Elevate Uranium financial indicator trend analysis is much more than just examining Elevate Uranium latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elevate Uranium is a good investment. Please check the relationship between Elevate Uranium Net Debt and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elevate Uranium. 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.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elevate Uranium Net Debt account and Cash. At this time, the significance of the direction appears to have pay attention.

The correlation between Elevate Uranium's Net Debt and Cash is -0.99. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Elevate Uranium, assuming nothing else is changed. The correlation between historical values of Elevate Uranium's Net Debt and Cash 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 Elevate Uranium are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Elevate Uranium's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.99

Relationship Direction	Negative
Relationship Strength	Significant

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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.

Cash

Cash refers to the most liquid asset of Elevate Uranium, which is listed under current asset account on Elevate Uranium balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Elevate Uranium customers. The amounts must be unrestricted with restricted cash listed in a different Elevate Uranium 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.

Most indicators from Elevate Uranium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elevate Uranium 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 Elevate Uranium. 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.

Selling General Administrative is likely to gain to about 4.3 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 258.8 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	6.6K	27.0K	24.3K	23.1K
Cost Of Revenue	85.5K	117.7K	121.7K	115.6K

Interest Income Cost Of Revenue

Elevate Uranium fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Short Term Investments	Other Stockholder Equity	Common Stock Shares Outstanding	Inventory	Other Current Assets	Short Long Term Debt Total	Non Currrent Assets Other	Short Term Debt	Non Current Liabilities Total	Good Will	Intangible Assets
Total Assets		0.26	0.59	0.99	0.86	-0.99	-0.69	0.99	0.86	0.99	0.15	-0.39	0.99	0.84	0.57	0.33	0.22	0.94	0.52	-0.49	-0.63	-0.23	-0.38	-0.69	-0.49	-0.49
Other Current Liab	0.26		0.45	0.22	0.2	-0.25	-0.34	0.27	0.19	0.27	-0.14	0.27	0.26	0.32	-0.08	0.31	0.21	0.23	0.5	-0.28	0.04	-0.36	0.42	-0.07	0.16	0.16
Total Current Liabilities	0.59	0.45		0.53	0.39	-0.58	-0.78	0.62	0.38	0.62	0.05	0.14	0.62	0.77	0.83	0.52	0.52	0.72	0.54	-0.44	-0.24	-0.35	-0.28	-0.36	-0.76	-0.76
Total Stockholder Equity	0.99	0.22	0.53		0.88	-0.99	-0.65	0.97	0.88	0.97	0.21	-0.49	0.97	0.8	0.54	0.25	0.15	0.93	0.51	-0.46	-0.71	-0.16	-0.4	-0.76	-0.46	-0.46
Property Plant And Equipment Net	0.86	0.2	0.39	0.88		-0.82	-0.59	0.78	1.0	0.78	0.08	-0.56	0.78	0.73	0.38	0.28	0.11	0.83	0.58	-0.51	-0.72	-0.22	-0.33	-0.78	-0.33	-0.33
Net Debt	-0.99	-0.25	-0.58	-0.99	-0.82		0.66	-0.99	-0.82	-0.99	-0.21	0.43	-0.99	-0.81	-0.57	-0.26	-0.18	-0.94	-0.49	0.45	0.67	0.16	0.4	0.72	0.48	0.48
Retained Earnings	-0.69	-0.34	-0.78	-0.65	-0.59	0.66		-0.69	-0.57	-0.69	-0.23	-0.04	-0.69	-0.97	-0.71	-0.84	-0.79	-0.81	-0.8	0.82	0.29	0.74	0.39	0.44	0.57	0.57
Cash	0.99	0.27	0.62	0.97	0.78	-0.99	-0.69		0.78	1.0	0.15	-0.31	1.0	0.83	0.59	0.33	0.25	0.92	0.48	-0.47	-0.57	-0.22	-0.37	-0.63	-0.51	-0.51
Non Current Assets Total	0.86	0.19	0.38	0.88	1.0	-0.82	-0.57	0.78		0.78	0.08	-0.58	0.78	0.71	0.37	0.25	0.09	0.82	0.56	-0.48	-0.74	-0.19	-0.33	-0.79	-0.33	-0.33
Cash And Short Term Investments	0.99	0.27	0.62	0.97	0.78	-0.99	-0.69	1.0	0.78		0.15	-0.31	1.0	0.83	0.59	0.33	0.25	0.92	0.48	-0.47	-0.57	-0.22	-0.37	-0.63	-0.51	-0.51
Net Receivables	0.15	-0.14	0.05	0.21	0.08	-0.21	-0.23	0.15	0.08	0.15		-0.52	0.17	0.25	0.19	0.1	0.05	0.27	0.25	-0.21	-0.52	-0.05	-0.37	-0.54	-0.21	-0.21
Total Liab	-0.39	0.27	0.14	-0.49	-0.56	0.43	-0.04	-0.31	-0.58	-0.31	-0.52		-0.32	-0.13	-0.08	0.39	0.5	-0.42	-0.15	-0.04	0.92	-0.43	0.37	0.85	0.12	0.12
Total Current Assets	0.99	0.26	0.62	0.97	0.78	-0.99	-0.69	1.0	0.78	1.0	0.17	-0.32		0.83	0.59	0.33	0.25	0.92	0.48	-0.47	-0.57	-0.22	-0.37	-0.64	-0.51	-0.51
Common Stock	0.84	0.32	0.77	0.8	0.73	-0.81	-0.97	0.83	0.71	0.83	0.25	-0.13	0.83		0.72	0.73	0.65	0.91	0.78	-0.77	-0.45	-0.62	-0.44	-0.58	-0.62	-0.62
Accounts Payable	0.57	-0.08	0.83	0.54	0.38	-0.57	-0.71	0.59	0.37	0.59	0.19	-0.08	0.59	0.72		0.39	0.46	0.74	0.35	-0.32	-0.39	-0.17	-0.69	-0.44	-0.91	-0.91
Short Term Investments	0.33	0.31	0.52	0.25	0.28	-0.26	-0.84	0.33	0.25	0.33	0.1	0.39	0.33	0.73	0.39		0.93	0.4	0.71	-0.86	0.16	-0.97	-0.13	-0.01	-0.34	-0.34
Other Stockholder Equity	0.22	0.21	0.52	0.15	0.11	-0.18	-0.79	0.25	0.09	0.25	0.05	0.5	0.25	0.65	0.46	0.93		0.33	0.55	-0.77	0.28	-0.9	-0.14	0.12	-0.33	-0.33
Common Stock Shares Outstanding	0.94	0.23	0.72	0.93	0.83	-0.94	-0.81	0.92	0.82	0.92	0.27	-0.42	0.92	0.91	0.74	0.4	0.33		0.63	-0.54	-0.7	-0.26	-0.51	-0.78	-0.63	-0.63
Inventory	0.52	0.5	0.54	0.51	0.58	-0.49	-0.8	0.48	0.56	0.48	0.25	-0.15	0.48	0.78	0.35	0.71	0.55	0.63		-0.86	-0.38	-0.68	-0.14	-0.54	-0.27	-0.27
Other Current Assets	-0.49	-0.28	-0.44	-0.46	-0.51	0.45	0.82	-0.47	-0.48	-0.47	-0.21	-0.04	-0.47	-0.77	-0.32	-0.86	-0.77	-0.54	-0.86		0.15	0.85	0.06	0.32	0.24	0.24
Short Long Term Debt Total	-0.63	0.04	-0.24	-0.71	-0.72	0.67	0.29	-0.57	-0.74	-0.57	-0.52	0.92	-0.57	-0.45	-0.39	0.16	0.28	-0.7	-0.38	0.15		-0.26	0.49	0.98	0.35	0.35
Non Currrent Assets Other	-0.23	-0.36	-0.35	-0.16	-0.22	0.16	0.74	-0.22	-0.19	-0.22	-0.05	-0.43	-0.22	-0.62	-0.17	-0.97	-0.9	-0.26	-0.68	0.85	-0.26		-0.04	-0.08	0.11	0.11
Short Term Debt	-0.38	0.42	-0.28	-0.4	-0.33	0.4	0.39	-0.37	-0.33	-0.37	-0.37	0.37	-0.37	-0.44	-0.69	-0.13	-0.14	-0.51	-0.14	0.06	0.49	-0.04		0.44	0.67	0.67
Non Current Liabilities Total	-0.69	-0.07	-0.36	-0.76	-0.78	0.72	0.44	-0.63	-0.79	-0.63	-0.54	0.85	-0.64	-0.58	-0.44	-0.01	0.12	-0.78	-0.54	0.32	0.98	-0.08	0.44		0.38	0.38
Good Will	-0.49	0.16	-0.76	-0.46	-0.33	0.48	0.57	-0.51	-0.33	-0.51	-0.21	0.12	-0.51	-0.62	-0.91	-0.34	-0.33	-0.63	-0.27	0.24	0.35	0.11	0.67	0.38		1.0
Intangible Assets	-0.49	0.16	-0.76	-0.46	-0.33	0.48	0.57	-0.51	-0.33	-0.51	-0.21	0.12	-0.51	-0.62	-0.91	-0.34	-0.33	-0.63	-0.27	0.24	0.35	0.11	0.67	0.38	1.0

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Elevate Uranium Account Relationship Matchups

Elevate Uranium fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.4M	10.0M	19.3M	12.5M	13.3M	13.9M
Other Current Liab	283.8K	188.8K	566.5K	487.9K	300.4K	157.7K
Total Current Liabilities	353.8K	337.0K	675.5K	948.5K	1.4M	1.5M
Total Stockholder Equity	3.9M	9.5M	18.5M	11.5M	11.8M	12.4M
Property Plant And Equipment Net	3.2M	3.3M	3.4M	2.4M	2.3M	2.5M
Net Debt	(997.7K)	(6.6M)	(15.6M)	(9.9M)	(10.8M)	(10.2M)
Retained Earnings	(52.5M)	(54.9M)	(60.6M)	(70.1M)	(80.8M)	(76.8M)
Cash	1.1M	6.7M	15.8M	10.1M	10.8M	11.4M
Non Current Assets Total	3.2M	3.3M	3.4M	2.4M	2.3M	2.5M
Cash And Short Term Investments	1.1M	6.7M	15.8M	10.1M	10.8M	11.4M
Net Receivables	65.9K	31.2K	84.2K	83.1K	87.0K	115.6K
Liabilities And Stockholders Equity	4.4M	10.0M	19.3M	12.5M	13.3M	13.9M
Total Liab	435.0K	429.5K	838.6K	1.0M	1.5M	949.0K
Total Current Assets	1.1M	6.7M	15.9M	10.1M	10.9M	11.5M
Accumulated Other Comprehensive Income	485.2K	371.8K	1.1M	3.4M	4.6M	4.9M
Common Stock	55.9M	64.0M	78.0M	78.2M	88.0M	92.4M
Accounts Payable	47.3K	98.1K	39.0K	387.0K	870.7K	914.2K
Other Stockholder Equity	(1.1M)	(1.6M)	(1.7M)	613.3K	705.3K	740.6K
Common Stock Shares Outstanding	103.3M	180.5M	252.1M	275.5M	294.8M	309.5M
Inventory	(65.91)	(31.21)	(84.21)	(83.12)	(95.59)	(100.37)
Other Current Assets	65.91	31.21	84.21	83.12	74.81	71.07
Short Term Debt	22.7K	50.2K	70.0K	73.6K	(202.3K)	(192.2K)
Non Current Liabilities Total	81.2K	92.5K	163.1K	72.4K	40.8K	38.7K
Property Plant Equipment	3.2M	3.3M	3.4M	2.4M	2.8M	1.7M
Long Term Debt Total	42.5K	49.1K	107.2K	72.4K	65.2K	61.9K
Cash And Equivalents	1.1M	6.7M	15.8M	10.1M	11.6M	12.1M
Net Tangible Assets	3.9M	9.5M	18.5M	11.5M	13.2M	7.8M
Net Invested Capital	3.9M	9.5M	18.5M	11.5M	13.2M	8.2M
Net Working Capital	775.1K	6.4M	15.2M	9.2M	10.6M	6.0M
Capital Stock	55.9M	64.0M	78.0M	78.2M	89.9M	72.0M

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