Electra Net Debt vs Net Tangible Assets Analysis

ELBM Stock

USD 0.49 0.01 2.00%

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 Net Debt and its Net Tangible 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 bureau of labor statistics.

Net Debt vs Net Tangible Assets

Net Debt vs Net Tangible Assets Correlation Analysis

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

The correlation between Electra Battery's Net Debt and Net Tangible Assets is -0.19. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Tangible 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 Net Debt and Net Tangible 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 Net Debt of Electra Battery Materials are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Debt i.e., Electra Battery's Net Debt and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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 bureau of labor statistics.

As of the 22nd of November 2024, Issuance Of Capital Stock is likely to grow to about 28.3 M, while Selling General Administrative is likely to drop about 4.9 M.

Electra Battery 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	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Non Current Liabilities Total	Other Stockholder Equity	Short Long Term Debt Total	Short Term Debt	Current Deferred Revenue	Other Liab	Net Tangible Assets	Property Plant Equipment
Total Assets		0.61	0.55	0.96	0.94	0.03	-0.66	0.52	0.98	0.52	0.8	0.78	0.38	0.47	0.63	0.58	0.93	0.6	0.48	0.09	0.58	0.81	0.83	0.39	-0.05	0.56
Other Current Liab	0.61		0.88	0.47	0.5	0.68	-0.74	0.11	0.64	0.11	0.76	0.89	0.28	0.63	0.82	0.18	0.64	0.95	0.5	-0.11	0.88	0.59	0.46	0.0	-0.24	0.45
Total Current Liabilities	0.55	0.88		0.41	0.54	0.5	-0.55	0.08	0.58	0.08	0.87	0.69	0.24	0.63	0.67	0.15	0.55	0.98	0.24	-0.08	0.63	0.42	0.37	0.02	-0.13	0.51
Total Stockholder Equity	0.96	0.47	0.41		0.97	-0.05	-0.49	0.41	0.96	0.41	0.72	0.64	0.17	0.39	0.42	0.47	0.83	0.44	0.29	0.17	0.4	0.77	0.79	0.23	0.09	0.56
Property Plant And Equipment Net	0.94	0.5	0.54	0.97		-0.02	-0.5	0.37	0.95	0.37	0.81	0.64	0.19	0.46	0.44	0.43	0.81	0.54	0.23	0.09	0.38	0.72	0.73	0.25	0.08	0.58
Net Debt	0.03	0.68	0.5	-0.05	-0.02		-0.48	-0.53	0.15	-0.53	0.24	0.5	-0.13	0.38	0.42	-0.49	0.18	0.56	0.22	-0.43	0.61	0.17	0.01	-0.45	-0.19	0.28
Retained Earnings	-0.66	-0.74	-0.55	-0.49	-0.5	-0.48		-0.39	-0.64	-0.39	-0.49	-0.94	-0.55	-0.6	-0.89	-0.45	-0.85	-0.67	-0.81	0.23	-0.87	-0.74	-0.64	-0.41	0.66	-0.09
Cash	0.52	0.11	0.08	0.41	0.37	-0.53	-0.39		0.35	1.0	0.25	0.39	0.79	0.01	0.53	0.99	0.47	0.16	0.65	0.29	0.34	0.46	0.47	0.88	-0.31	-0.16
Non Current Assets Total	0.98	0.64	0.58	0.96	0.95	0.15	-0.64	0.35		0.35	0.83	0.77	0.25	0.5	0.58	0.42	0.91	0.62	0.38	0.04	0.56	0.79	0.8	0.23	0.02	0.65
Cash And Short Term Investments	0.52	0.11	0.08	0.41	0.37	-0.53	-0.39	1.0	0.35		0.25	0.38	0.8	0.0	0.53	0.99	0.47	0.16	0.65	0.28	0.33	0.45	0.46	0.88	-0.31	-0.16
Net Receivables	0.8	0.76	0.87	0.72	0.81	0.24	-0.49	0.25	0.83	0.25		0.68	0.27	0.49	0.61	0.32	0.7	0.86	0.24	0.07	0.56	0.6	0.61	0.17	0.14	0.75
Common Stock Shares Outstanding	0.78	0.89	0.69	0.64	0.64	0.5	-0.94	0.39	0.77	0.38	0.68		0.47	0.61	0.91	0.45	0.87	0.81	0.74	-0.1	0.93	0.8	0.69	0.29	-0.46	0.29
Short Term Investments	0.38	0.28	0.24	0.17	0.19	-0.13	-0.55	0.79	0.25	0.8	0.27	0.47		0.04	0.75	0.79	0.44	0.35	0.83	-0.2	0.54	0.28	0.24	0.9	-0.38	-0.06
Other Current Assets	0.47	0.63	0.63	0.39	0.46	0.38	-0.6	0.01	0.5	0.0	0.49	0.61	0.04		0.44	0.12	0.61	0.6	0.18	-0.07	0.43	0.49	0.49	-0.04	-0.43	0.15
Total Liab	0.63	0.82	0.67	0.42	0.44	0.42	-0.89	0.53	0.58	0.53	0.61	0.91	0.75	0.44		0.57	0.73	0.8	0.88	-0.2	0.94	0.62	0.5	0.53	-0.47	0.2
Total Current Assets	0.58	0.18	0.15	0.47	0.43	-0.49	-0.45	0.99	0.42	0.99	0.32	0.45	0.79	0.12	0.57		0.54	0.22	0.66	0.27	0.38	0.51	0.52	0.87	-0.34	-0.12
Common Stock	0.93	0.64	0.55	0.83	0.81	0.18	-0.85	0.47	0.91	0.47	0.7	0.87	0.44	0.61	0.73	0.54		0.62	0.6	-0.05	0.67	0.83	0.85	0.42	-0.35	0.38
Accounts Payable	0.6	0.95	0.98	0.44	0.54	0.56	-0.67	0.16	0.62	0.16	0.86	0.81	0.35	0.6	0.8	0.22	0.62		0.41	-0.11	0.78	0.51	0.43	0.1	-0.18	0.51
Non Current Liabilities Total	0.48	0.5	0.24	0.29	0.23	0.22	-0.81	0.65	0.38	0.65	0.24	0.74	0.83	0.18	0.88	0.66	0.6	0.41		-0.2	0.82	0.55	0.42	0.69	-0.53	-0.06
Other Stockholder Equity	0.09	-0.11	-0.08	0.17	0.09	-0.43	0.23	0.29	0.04	0.28	0.07	-0.1	-0.2	-0.07	-0.2	0.27	-0.05	-0.11	-0.2		-0.12	0.37	0.44	-0.07	0.11	-0.09
Short Long Term Debt Total	0.58	0.88	0.63	0.4	0.38	0.61	-0.87	0.34	0.56	0.33	0.56	0.93	0.54	0.43	0.94	0.38	0.67	0.78	0.82	-0.12		0.68	0.52	0.27	-0.42	0.25
Short Term Debt	0.81	0.59	0.42	0.77	0.72	0.17	-0.74	0.46	0.79	0.45	0.6	0.8	0.28	0.49	0.62	0.51	0.83	0.51	0.55	0.37	0.68		0.95	0.27	-0.33	0.24
Current Deferred Revenue	0.83	0.46	0.37	0.79	0.73	0.01	-0.64	0.47	0.8	0.46	0.61	0.69	0.24	0.49	0.5	0.52	0.85	0.43	0.42	0.44	0.52	0.95		0.3	-0.25	0.31
Other Liab	0.39	0.0	0.02	0.23	0.25	-0.45	-0.41	0.88	0.23	0.88	0.17	0.29	0.9	-0.04	0.53	0.87	0.42	0.1	0.69	-0.07	0.27	0.27	0.3		-0.33	-0.16
Net Tangible Assets	-0.05	-0.24	-0.13	0.09	0.08	-0.19	0.66	-0.31	0.02	-0.31	0.14	-0.46	-0.38	-0.43	-0.47	-0.34	-0.35	-0.18	-0.53	0.11	-0.42	-0.33	-0.25	-0.33		0.65
Property Plant Equipment	0.56	0.45	0.51	0.56	0.58	0.28	-0.09	-0.16	0.65	-0.16	0.75	0.29	-0.06	0.15	0.2	-0.12	0.38	0.51	-0.06	-0.09	0.25	0.24	0.31	-0.16	0.65

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Electra Battery Account Relationship Matchups

Electra Battery fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	98.3M	103.7M	167.6M	187.5M	148.7M	97.6M
Other Current Liab	135.0K	1.9M	1.2M	9.6M	7.2M	7.6M
Total Current Liabilities	286.6K	2.8M	4.7M	54.1M	16.0M	16.8M
Total Stockholder Equity	88.6M	92.2M	100.0M	126.5M	83.3M	76.8M
Property Plant And Equipment Net	92.3M	92.3M	104.7M	173.1M	51.3M	76.0M
Net Debt	1.9M	2.5M	(35.3M)	21.7M	37.0M	38.8M
Retained Earnings	(156.0M)	(158.4M)	(193.3M)	(180.8M)	(245.4M)	(233.2M)
Cash	4.4M	4.2M	58.6M	8.0M	8.4M	11.2M
Non Current Assets Total	93.2M	93.2M	105.7M	174.0M	138.1M	84.3M
Cash And Short Term Investments	4.4M	4.2M	60.4M	8.4M	8.2M	11.4M
Net Receivables	263.1K	221K	957K	3.1M	1.1M	781.6K
Common Stock Shares Outstanding	20.1M	21.8M	27.8M	40.8M	43.4M	45.6M
Liabilities And Stockholders Equity	98.3M	103.7M	167.6M	187.5M	148.7M	97.6M
Other Current Assets	432.4K	6.3M	584K	5.1M	2.4M	1.8M
Total Liab	9.8M	11.5M	67.6M	61.0M	65.4M	68.7M
Total Current Assets	5.1M	10.5M	61.9M	13.5M	10.6M	13.3M
Accumulated Other Comprehensive Income	14.2M	15.9M	17.1M	18.4M	24.0M	25.2M
Common Stock	230.4M	234.6M	276.2M	288.9M	304.7M	157.6M
Accounts Payable	151.6K	981K	3.5M	18.9M	8.8M	9.2M
Non Current Liabilities Total	9.5M	8.7M	62.9M	6.9M	48.6M	51.0M
Other Stockholder Equity	12.5M	14.2M	15.9M	17.1M	18.4M	0.0
Other Liab	3.2M	2.0M	39.7M	2.9M	3.3M	3.2M
Net Tangible Assets	88.6M	92.2M	100.0M	126.5M	113.9M	99.1M
Property Plant Equipment	92.3M	92.3M	98.1M	170.0M	153.0M	101.6M
Other Assets	918.7K	919K	7.6M	4.0M	4.6M	3.1M
Net Invested Capital	106.9M	98.8M	123.3M	155.9M	127.7M	108.1M
Capital Stock	230.4M	234.6M	276.2M	288.9M	304.7M	286.1M
Net Working Capital	4.8M	7.6M	57.2M	(40.6M)	(5.4M)	(5.1M)

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When determining whether Electra Battery Materials is a strong investment it is important to analyze Electra Battery's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Electra Battery's future performance. For an informed investment choice regarding Electra Stock, refer to the following important reports:

How To Invest In Electra

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Is Electra Stock a good investment?

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What is Electra Battery's Net Worth?

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Largest Diversified Metals & Mining Companies

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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 bureau of labor statistics.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electra Battery. If investors know Electra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electra Battery listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(1.01)

Return On Assets

(0.04)

Return On Equity

(0.78)

The market value of Electra Battery Materials is measured differently than its book value, which is the value of Electra that is recorded on the company's balance sheet. Investors also form their own opinion of Electra Battery's value that differs from its market value or its book value, called intrinsic value, which is Electra Battery's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electra Battery's market value can be influenced by many factors that don't directly affect Electra Battery's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Electra Battery's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electra Battery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electra Battery's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Electra Net Debt vs Net Tangible Assets Analysis

Net Debt vs Net Tangible Assets

Net Debt vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Net Debt

Net Tangible Assets

Electra Battery fundamental ratios Correlations

Electra Battery Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Electra Battery fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Cash
Total Current Assets	+ 0.99	Cash And Short Term Investments
Non Current Assets Total	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Current Liabilities
Property Plant And Equipment Net	+ 0.97	Total Stockholder Equity

Common Stock Shares Outstanding	- 0.94	Retained Earnings
Total Liab	- 0.89	Retained Earnings
Short Long Term Debt Total	- 0.87	Retained Earnings
Common Stock	- 0.85	Retained Earnings
Non Current Liabilities Total	- 0.81	Retained Earnings
Short Term Debt	- 0.74	Retained Earnings