Electra Property Plant And Equipment Net vs Total Assets Analysis

ELBM Stock

0.70 0.03 4.11%

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

Property Plant And Equipment Net vs Total Assets

Property Plant And Equipment Net vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electra Battery Materials Property Plant And Equipment Net account and Total Assets. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Electra Battery's Property Plant And Equipment Net and Total Assets is -0.02. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Total Assets in the same time period over historical financial statements of Electra Battery Materials, assuming nothing else is changed. The correlation between historical values of Electra Battery's Property Plant And Equipment Net and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Electra Battery Materials are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Property Plant And Equipment Net i.e., Electra Battery's Property Plant And Equipment Net and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.02

Relationship Direction	Negative
Relationship Strength	Insignificant

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Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Total Assets

Total assets refers to the total amount of Electra Battery assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Electra Battery Materials books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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

Issuance Of Capital Stock is likely to climb to about 21 M in 2024, whereas Selling General Administrative is likely to drop slightly above 10.3 M in 2024.

Electra Battery fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Total Liab	Net Invested Capital	Capital Stock	Net Working Capital	Property Plant And Equipment Net	Net Debt
Other Current Liab		0.63	0.7	-0.22	-0.44	0.65	0.23	0.51	0.32	0.52	0.21	-0.09	-0.38	0.72	-0.28	0.3	0.76	-0.65	0.47	0.16	0.71	-0.29	0.53	0.14	0.51	0.34
Total Current Liabilities	0.63		-0.02	-0.08	-0.46	0.99	0.67	0.54	-0.27	0.54	0.52	0.0	-0.32	0.02	-0.06	0.42	0.43	-0.65	0.11	0.17	0.63	-0.19	0.66	-0.64	0.95	0.52
Other Liab	0.7	-0.02		-0.33	-0.41	0.06	0.0	0.39	0.61	0.41	-0.16	-0.18	-0.41	1.0	-0.47	0.29	0.81	-0.52	0.78	0.14	0.6	-0.37	0.39	0.78	-0.04	0.32
Net Tangible Assets	-0.22	-0.08	-0.33		0.67	-0.1	-0.07	-0.5	0.0	-0.42	0.65	0.76	0.78	-0.34	0.82	-0.65	-0.43	0.33	-0.49	-0.55	-0.43	0.82	-0.44	-0.22	-0.13	-0.42
Retained Earnings	-0.44	-0.46	-0.41	0.67		-0.54	-0.66	-0.96	0.34	-0.94	-0.07	0.72	0.97	-0.42	0.86	-0.97	-0.75	0.76	-0.75	-0.6	-0.83	0.91	-0.88	-0.03	-0.57	-0.85
Accounts Payable	0.65	0.99	0.06	-0.1	-0.54		0.74	0.63	-0.25	0.63	0.55	-0.03	-0.39	0.1	-0.11	0.52	0.54	-0.74	0.24	0.18	0.73	-0.24	0.75	-0.58	0.97	0.62
Net Receivables	0.23	0.67	0.0	-0.07	-0.66	0.74		0.67	-0.41	0.7	0.53	-0.05	-0.48	0.03	-0.23	0.69	0.53	-0.82	0.44	0.16	0.72	-0.34	0.86	-0.43	0.84	0.89
Other Stockholder Equity	0.51	0.54	0.39	-0.5	-0.96	0.63	0.67		-0.38	0.99	0.3	-0.67	-0.91	0.4	-0.76	0.94	0.76	-0.75	0.72	0.59	0.86	-0.82	0.88	-0.03	0.61	0.79
Total Current Assets	0.32	-0.27	0.61	0.0	0.34	-0.25	-0.41	-0.38		-0.38	-0.41	0.44	0.33	0.62	0.24	-0.37	0.28	-0.06	0.25	-0.29	0.05	0.35	-0.16	0.64	-0.33	-0.18
Common Stock	0.52	0.54	0.41	-0.42	-0.94	0.63	0.7	0.99	-0.38		0.37	-0.62	-0.88	0.42	-0.72	0.92	0.77	-0.77	0.73	0.51	0.86	-0.78	0.88	-0.02	0.61	0.8
Property Plant Equipment	0.21	0.52	-0.16	0.65	-0.07	0.55	0.53	0.3	-0.41	0.37		0.26	0.09	-0.15	0.31	0.09	0.11	-0.27	-0.03	-0.15	0.25	0.22	0.27	-0.46	0.5	0.19
Total Assets	-0.09	0.0	-0.18	0.76	0.72	-0.03	-0.05	-0.67	0.44	-0.62	0.26		0.85	-0.16	0.9	-0.69	-0.27	0.11	-0.4	-0.71	-0.3	0.91	-0.34	-0.16	-0.02	-0.28
Total Stockholder Equity	-0.38	-0.32	-0.41	0.78	0.97	-0.39	-0.48	-0.91	0.33	-0.88	0.09	0.85		-0.41	0.94	-0.93	-0.67	0.61	-0.71	-0.68	-0.73	0.98	-0.76	-0.12	-0.4	-0.72
Cash	0.72	0.02	1.0	-0.34	-0.42	0.1	0.03	0.4	0.62	0.42	-0.15	-0.16	-0.41		-0.45	0.31	0.84	-0.56	0.79	0.14	0.63	-0.37	0.42	0.75	0.01	0.36
Non Current Assets Total	-0.28	-0.06	-0.47	0.82	0.86	-0.11	-0.23	-0.76	0.24	-0.72	0.31	0.9	0.94	-0.45		-0.78	-0.55	0.41	-0.64	-0.71	-0.53	0.99	-0.55	-0.33	-0.12	-0.53
Non Currrent Assets Other	0.3	0.42	0.29	-0.65	-0.97	0.52	0.69	0.94	-0.37	0.92	0.09	-0.69	-0.93	0.31	-0.78		0.7	-0.73	0.75	0.55	0.82	-0.85	0.89	-0.03	0.56	0.86
Other Assets	0.76	0.43	0.81	-0.43	-0.75	0.54	0.53	0.76	0.28	0.77	0.11	-0.27	-0.67	0.84	-0.55	0.7		-0.9	0.92	0.27	0.95	-0.55	0.85	0.35	0.49	0.77
Common Stock Shares Outstanding	-0.65	-0.65	-0.52	0.33	0.76	-0.74	-0.82	-0.75	-0.06	-0.77	-0.27	0.11	0.61	-0.56	0.41	-0.73	-0.9		-0.76	-0.18	-0.96	0.47	-0.95	0.02	-0.77	-0.92
Non Current Liabilities Total	0.47	0.11	0.78	-0.49	-0.75	0.24	0.44	0.72	0.25	0.73	-0.03	-0.4	-0.71	0.79	-0.64	0.75	0.92	-0.76		0.3	0.84	-0.61	0.77	0.53	0.24	0.75
Other Current Assets	0.16	0.17	0.14	-0.55	-0.6	0.18	0.16	0.59	-0.29	0.51	-0.15	-0.71	-0.68	0.14	-0.71	0.55	0.27	-0.18	0.3		0.32	-0.71	0.37	0.06	0.09	0.32
Total Liab	0.71	0.63	0.6	-0.43	-0.83	0.73	0.72	0.86	0.05	0.86	0.25	-0.3	-0.73	0.63	-0.53	0.82	0.95	-0.96	0.84	0.32		-0.58	0.96	0.06	0.71	0.87
Net Invested Capital	-0.29	-0.19	-0.37	0.82	0.91	-0.24	-0.34	-0.82	0.35	-0.78	0.22	0.91	0.98	-0.37	0.99	-0.85	-0.55	0.47	-0.61	-0.71	-0.58		-0.62	-0.18	-0.25	-0.6
Capital Stock	0.53	0.66	0.39	-0.44	-0.88	0.75	0.86	0.88	-0.16	0.88	0.27	-0.34	-0.76	0.42	-0.55	0.89	0.85	-0.95	0.77	0.37	0.96	-0.62		-0.11	0.78	0.96
Net Working Capital	0.14	-0.64	0.78	-0.22	-0.03	-0.58	-0.43	-0.03	0.64	-0.02	-0.46	-0.16	-0.12	0.75	-0.33	-0.03	0.35	0.02	0.53	0.06	0.06	-0.18	-0.11		-0.63	-0.08
Property Plant And Equipment Net	0.51	0.95	-0.04	-0.13	-0.57	0.97	0.84	0.61	-0.33	0.61	0.5	-0.02	-0.4	0.01	-0.12	0.56	0.49	-0.77	0.24	0.09	0.71	-0.25	0.78	-0.63		0.7
Net Debt	0.34	0.52	0.32	-0.42	-0.85	0.62	0.89	0.79	-0.18	0.8	0.19	-0.28	-0.72	0.36	-0.53	0.86	0.77	-0.92	0.75	0.32	0.87	-0.6	0.96	-0.08	0.7

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Electra Property Plant And Equipment Net vs Total Assets Analysis

Property Plant And Equipment Net vs Total Assets

Property Plant And Equipment Net vs Total Assets Correlation Analysis

Correlation Coefficient

Property Plant And Equipment Net

Total Assets

Electra Battery fundamental ratios Correlations

Electra Battery Account Relationship Matchups

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COMMON DESTINATIONS

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Cash	+ 1.0	Other Liab
Accounts Payable	+ 0.99	Total Current Liabilities
Common Stock	+ 0.99	Other Stockholder Equity
Net Invested Capital	+ 0.99	Non Current Assets Total
Net Invested Capital	+ 0.98	Total Stockholder Equity
Total Stockholder Equity	+ 0.97	Retained Earnings

Non Currrent Assets Other	- 0.97	Retained Earnings
Total Liab	- 0.96	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.96	Retained Earnings
Capital Stock	- 0.95	Common Stock Shares Outstanding
Common Stock	- 0.94	Retained Earnings
Non Currrent Assets Other	- 0.93	Total Stockholder Equity