Electrovaya Free Cash Flow vs Cash Flow To Debt Ratio Analysis

ELVA Stock

2.72 0.36 15.25%

Electrovaya Common financial indicator trend analysis is much more than just examining Electrovaya Common Shares latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electrovaya Common Shares is a good investment. Please check the relationship between Electrovaya Common Free Cash Flow and its Cash Flow To Debt Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrovaya Common Shares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Free Cash Flow vs Cash Flow To Debt Ratio

Free Cash Flow vs Cash Flow To Debt Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electrovaya Common Shares Free Cash Flow account and Cash Flow To Debt Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Electrovaya Common's Free Cash Flow and Cash Flow To Debt Ratio is -0.17. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Cash Flow To Debt Ratio in the same time period over historical financial statements of Electrovaya Common Shares, assuming nothing else is changed. The correlation between historical values of Electrovaya Common's Free Cash Flow and Cash Flow To Debt Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Electrovaya Common Shares are associated (or correlated) with its Cash Flow To Debt Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Flow To Debt Ratio has no effect on the direction of Free Cash Flow i.e., Electrovaya Common's Free Cash Flow and Cash Flow To Debt Ratio go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Cash Flow To Debt Ratio

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

At present, Electrovaya Common's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 107.5 M, whereas Selling General Administrative is forecasted to decline to about 3 M.

	2021	2022	2023	2024 (projected)
Total Revenue	15.6M	43.4M	49.9M	52.4M
Depreciation And Amortization	464.4K	907K	816.3K	663.9K

Total Revenue Depreciation And Amortization

Electrovaya Common fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Assets	Non Current Liabilities Total	Non Currrent Assets Other	Short Term Investments	Short Long Term Debt Total	Current Deferred Revenue	Intangible Assets	Common Stock
Total Assets		0.39	0.57	0.45	0.74	0.35	-0.23	0.57	0.02	0.72	0.02	0.51	0.23	0.64	0.61	0.0	0.61	0.85	-0.2	0.32	-0.12	-0.37	0.45	-0.09	-0.37	0.42
Other Current Liab	0.39		0.64	-0.17	0.28	0.58	-0.52	-0.04	-0.15	0.14	-0.15	0.32	0.42	0.13	0.89	0.51	0.68	0.51	-0.23	0.37	-0.22	-0.28	0.59	-0.06	-0.27	0.51
Total Current Liabilities	0.57	0.64		-0.09	0.21	0.84	-0.72	0.53	-0.53	0.29	-0.53	0.68	0.65	0.64	0.7	0.68	0.95	0.74	-0.4	0.21	0.05	-0.54	0.73	-0.12	-0.51	0.71
Total Stockholder Equity	0.45	-0.17	-0.09		0.59	-0.46	0.52	0.45	0.48	0.28	0.48	0.47	0.13	0.38	0.08	-0.15	-0.17	0.52	-0.24	-0.29	-0.46	0.1	-0.5	0.22	0.12	-0.12
Property Plant And Equipment Net	0.74	0.28	0.21	0.59		0.03	0.05	0.25	0.11	0.75	0.11	0.36	0.0	0.27	0.48	-0.19	0.25	0.53	-0.04	0.22	-0.45	-0.4	0.08	0.21	-0.4	0.08
Net Debt	0.35	0.58	0.84	-0.46	0.03		-0.81	0.17	-0.68	0.36	-0.68	0.4	0.44	0.27	0.61	0.65	0.92	0.37	-0.29	0.57	0.41	-0.52	0.93	-0.3	-0.51	0.63
Retained Earnings	-0.23	-0.52	-0.72	0.52	0.05	-0.81		-0.12	0.62	-0.12	0.62	-0.33	-0.51	-0.26	-0.38	-0.57	-0.74	-0.28	0.05	-0.31	-0.14	0.72	-0.77	0.16	0.71	-0.72
Accounts Payable	0.57	-0.04	0.53	0.45	0.25	0.17	-0.12		-0.3	0.22	-0.3	0.55	0.38	0.92	0.12	0.12	0.41	0.7	-0.16	-0.21	-0.11	-0.3	0.04	-0.16	-0.28	0.23
Cash	0.02	-0.15	-0.53	0.48	0.11	-0.68	0.62	-0.3		-0.09	1.0	-0.25	-0.31	-0.25	-0.11	-0.42	-0.51	-0.01	0.17	-0.1	-0.23	0.45	-0.5	0.14	0.45	-0.43
Non Current Assets Total	0.72	0.14	0.29	0.28	0.75	0.36	-0.12	0.22	-0.09		-0.09	0.26	0.01	0.17	0.4	-0.17	0.45	0.38	0.07	0.64	0.24	-0.47	0.43	0.02	-0.47	0.07
Cash And Short Term Investments	0.02	-0.15	-0.53	0.48	0.11	-0.68	0.62	-0.3	1.0	-0.09		-0.25	-0.31	-0.25	-0.11	-0.42	-0.51	-0.01	0.17	-0.1	-0.23	0.45	-0.5	0.14	0.45	-0.43
Net Receivables	0.51	0.32	0.68	0.47	0.36	0.4	-0.33	0.55	-0.25	0.26	-0.25		0.8	0.55	0.46	0.66	0.57	0.73	-0.64	-0.12	-0.18	-0.35	0.23	0.23	-0.32	0.64
Common Stock Shares Outstanding	0.23	0.42	0.65	0.13	0.0	0.44	-0.51	0.38	-0.31	0.01	-0.31	0.8		0.34	0.43	0.68	0.54	0.5	-0.35	-0.12	-0.02	-0.37	0.28	0.2	-0.34	0.66
Inventory	0.64	0.13	0.64	0.38	0.27	0.27	-0.26	0.92	-0.25	0.17	-0.25	0.55	0.34		0.25	0.24	0.53	0.81	-0.28	-0.15	-0.21	-0.32	0.18	-0.29	-0.31	0.4
Other Current Assets	0.61	0.89	0.7	0.08	0.48	0.61	-0.38	0.12	-0.11	0.4	-0.11	0.46	0.43	0.25		0.48	0.76	0.68	-0.34	0.45	-0.14	-0.26	0.61	-0.16	-0.24	0.46
Other Stockholder Equity	0.0	0.51	0.68	-0.15	-0.19	0.65	-0.57	0.12	-0.42	-0.17	-0.42	0.66	0.68	0.24	0.48		0.61	0.39	-0.65	0.03	0.04	-0.2	0.43	-0.07	-0.17	0.6
Total Liab	0.61	0.68	0.95	-0.17	0.25	0.92	-0.74	0.41	-0.51	0.45	-0.51	0.57	0.54	0.53	0.76	0.61		0.68	-0.31	0.49	0.2	-0.57	0.85	-0.25	-0.55	0.64
Total Current Assets	0.85	0.51	0.74	0.52	0.53	0.37	-0.28	0.7	-0.01	0.38	-0.01	0.73	0.5	0.81	0.68	0.39	0.68		-0.43	0.07	-0.28	-0.31	0.33	-0.14	-0.29	0.5
Other Assets	-0.2	-0.23	-0.4	-0.24	-0.04	-0.29	0.05	-0.16	0.17	0.07	0.17	-0.64	-0.35	-0.28	-0.34	-0.65	-0.31	-0.43		0.18	0.08	-0.3	-0.19	-0.09	-0.33	-0.56
Non Current Liabilities Total	0.32	0.37	0.21	-0.29	0.22	0.57	-0.31	-0.21	-0.1	0.64	-0.1	-0.12	-0.12	-0.15	0.45	0.03	0.49	0.07	0.18		0.53	-0.3	0.67	-0.45	-0.31	0.04
Non Currrent Assets Other	-0.12	-0.22	0.05	-0.46	-0.45	0.41	-0.14	-0.11	-0.23	0.24	-0.23	-0.18	-0.02	-0.21	-0.14	0.04	0.2	-0.28	0.08	0.53		0.09	0.45	-0.25	0.08	-0.04
Short Term Investments	-0.37	-0.28	-0.54	0.1	-0.4	-0.52	0.72	-0.3	0.45	-0.47	0.45	-0.35	-0.37	-0.32	-0.26	-0.2	-0.57	-0.31	-0.3	-0.3	0.09		-0.45	0.02	1.0	-0.33
Short Long Term Debt Total	0.45	0.59	0.73	-0.5	0.08	0.93	-0.77	0.04	-0.5	0.43	-0.5	0.23	0.28	0.18	0.61	0.43	0.85	0.33	-0.19	0.67	0.45	-0.45		-0.32	-0.44	0.63
Current Deferred Revenue	-0.09	-0.06	-0.12	0.22	0.21	-0.3	0.16	-0.16	0.14	0.02	0.14	0.23	0.2	-0.29	-0.16	-0.07	-0.25	-0.14	-0.09	-0.45	-0.25	0.02	-0.32		0.02	0.02
Intangible Assets	-0.37	-0.27	-0.51	0.12	-0.4	-0.51	0.71	-0.28	0.45	-0.47	0.45	-0.32	-0.34	-0.31	-0.24	-0.17	-0.55	-0.29	-0.33	-0.31	0.08	1.0	-0.44	0.02		-0.32
Common Stock	0.42	0.51	0.71	-0.12	0.08	0.63	-0.72	0.23	-0.43	0.07	-0.43	0.64	0.66	0.4	0.46	0.6	0.64	0.5	-0.56	0.04	-0.04	-0.33	0.63	0.02	-0.32

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Electrovaya Common Account Relationship Matchups

Electrovaya Common fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.6M	15.0M	22.2M	36.5M	32.9M	16.7M
Other Current Liab	5.5M	3.5M	3.7M	3.9M	4.5M	4.7M
Total Current Liabilities	16.5M	13.5M	22.7M	26.6M	30.6M	32.1M
Total Stockholder Equity	(8.7M)	(1.7M)	(6.7M)	7.1M	6.4M	8.6M
Property Plant And Equipment Net	2.5M	2.9M	7.3M	10.1M	9.1M	5.7M
Net Debt	11.7M	7.3M	22.5M	18.0M	20.7M	21.7M
Retained Earnings	(119.5M)	(127.1M)	(129.0M)	(130.5M)	(117.4M)	(111.5M)
Accounts Payable	2.2M	1.0M	1.5M	6.0M	7.0M	7.3M
Cash	1.1M	4.2M	626K	1.0M	928.8K	882.4K
Non Current Assets Total	2.6M	2.9M	7.4M	10.6M	9.5M	6.2M
Cash And Short Term Investments	1.1M	4.2M	626K	1.0M	928.8K	882.4K
Net Receivables	2.5M	1.3M	2.9M	10.6M	12.2M	12.8M
Common Stock Shares Outstanding	23.9M	28.0M	5.9M	33.8M	38.9M	40.9M
Liabilities And Stockholders Equity	10.6M	15.0M	22.2M	36.5M	32.9M	16.7M
Inventory	2.0M	4.7M	7.4M	8.3M	9.5M	10.0M
Other Current Assets	2.4M	1.8M	3.9M	6.0M	6.9M	7.2M
Other Stockholder Equity	11.3M	9.6M	13.6M	14.0M	12.6M	23.7M
Total Liab	19.4M	16.7M	28.9M	29.4M	33.8M	35.5M
Total Current Assets	8.1M	12.0M	14.8M	25.9M	23.3M	24.5M
Non Current Liabilities Total	2.9M	3.2M	6.2M	2.8M	3.2M	3.3M
Accumulated Other Comprehensive Income	13.4M	13.3M	6.1M	8.6M	9.9M	7.1M
Short Long Term Debt Total	12.8M	11.5M	23.1M	19.0M	21.9M	12.4M
Current Deferred Revenue	2.1M	1.0M	70K	2.4M	2.1M	1.2M
Common Stock	86.1M	102.5M	103.3M	115.0M	132.3M	89.6M
Short Term Debt	10.1M	8.8M	17.4M	16.7M	19.2M	10.7M
Net Invested Capital	1.2M	6.9M	10.7M	23.5M	27.0M	28.3M
Short Long Term Debt	10.0M	8.6M	16.6M	16.3M	18.7M	14.1M
Capital Stock	86.1M	102.5M	103.3M	115.0M	132.3M	107.8M
Net Working Capital	(8.4M)	(1.4M)	(5.7M)	(705K)	(810.8K)	(851.3K)

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When determining whether Electrovaya Common Shares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Electrovaya Common's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Electrovaya Common Shares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Electrovaya Common Shares Stock:

How To Invest In Electrovaya

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Is Electrovaya Stock a good investment?

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What is Electrovaya Common's Net Worth?

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Largest Electrical Components & Equipment Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrovaya Common Shares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Is Electrical Components & Equipment 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 Electrovaya Common. If investors know Electrovaya 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 Electrovaya Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

0.02

Revenue Per Share

1.433

Quarterly Revenue Growth

(0.03)

Return On Assets

0.0318

Return On Equity

0.087

The market value of Electrovaya Common Shares is measured differently than its book value, which is the value of Electrovaya that is recorded on the company's balance sheet. Investors also form their own opinion of Electrovaya Common's value that differs from its market value or its book value, called intrinsic value, which is Electrovaya Common'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 Electrovaya Common's market value can be influenced by many factors that don't directly affect Electrovaya Common'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 Electrovaya Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrovaya Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrovaya Common'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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Electrovaya Free Cash Flow vs Cash Flow To Debt Ratio Analysis

Free Cash Flow vs Cash Flow To Debt Ratio

Free Cash Flow vs Cash Flow To Debt Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow

Cash Flow To Debt Ratio

Electrovaya Common fundamental ratios Correlations

Electrovaya Common Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Electrovaya Common fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Intangible Assets	+ 1.0	Short Term Investments
Total Liab	+ 0.95	Total Current Liabilities
Short Long Term Debt Total	+ 0.93	Net Debt
Total Liab	+ 0.92	Net Debt
Inventory	+ 0.92	Accounts Payable

Retained Earnings	- 0.81	Net Debt
Short Long Term Debt Total	- 0.77	Retained Earnings
Total Liab	- 0.74	Retained Earnings
Common Stock	- 0.72	Retained Earnings
Retained Earnings	- 0.72	Total Current Liabilities
Cash And Short Term Investments	- 0.68	Net Debt