Ethernity Net Tangible Assets vs Common Stock Shares Outstanding Analysis

ENET Stock   0.13  0.01  8.33%   
Ethernity Networks financial indicator trend analysis is much more than just examining Ethernity Networks latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ethernity Networks is a good investment. Please check the relationship between Ethernity Networks Net Tangible Assets and its Common Stock Shares Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ethernity Networks. 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 Tangible Assets vs Common Stock Shares Outstanding

Net Tangible Assets vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ethernity Networks Net Tangible Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very week relationship.
The correlation between Ethernity Networks' Net Tangible Assets and Common Stock Shares Outstanding is 0.29. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Ethernity Networks, assuming nothing else is changed. The correlation between historical values of Ethernity Networks' Net Tangible Assets and Common Stock Shares Outstanding 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 Tangible Assets of Ethernity Networks are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Tangible Assets i.e., Ethernity Networks' Net Tangible Assets and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.29
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Ethernity Networks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ethernity Networks 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 Ethernity Networks. 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 drop to about 463.8 K in 2024. Tax Provision is expected to grow at the current pace this year
 2021 2022 2023 2024 (projected)
Interest Expense62.3K262.4K282.8K297.0K
Depreciation And Amortization1.2M1.4M1.4M768.3K

Ethernity Networks fundamental ratios Correlations

0.490.480.480.97-0.90.870.57-0.6-0.57-0.410.260.740.84-0.740.820.440.680.260.440.480.780.760.520.530.36
0.490.80.880.29-0.550.250.96-0.45-0.04-0.690.480.610.74-0.650.060.740.680.430.960.70.240.720.940.880.51
0.480.80.920.3-0.610.260.82-0.44-0.01-0.680.410.460.73-0.650.030.70.760.370.770.730.510.70.790.770.37
0.480.880.920.28-0.680.240.89-0.40.06-0.820.580.450.82-0.63-0.050.560.850.550.790.830.520.820.880.870.53
0.970.290.30.28-0.840.880.37-0.56-0.63-0.250.140.660.73-0.660.90.30.550.150.240.320.770.630.330.340.28
-0.9-0.55-0.61-0.68-0.84-0.75-0.620.450.370.62-0.44-0.6-0.910.68-0.58-0.28-0.79-0.47-0.43-0.66-0.84-0.84-0.6-0.63-0.51
0.870.250.260.240.88-0.750.4-0.33-0.56-0.340.290.590.55-0.420.890.250.560.290.280.460.670.680.260.410.02
0.570.960.820.890.37-0.620.4-0.4-0.09-0.790.60.620.78-0.630.140.730.810.540.960.80.380.850.930.950.34
-0.6-0.45-0.44-0.4-0.560.45-0.33-0.40.13-0.030.3-0.37-0.630.92-0.42-0.67-0.390.37-0.35-0.11-0.48-0.36-0.36-0.17-0.6
-0.57-0.04-0.010.06-0.630.37-0.56-0.090.130.03-0.03-0.82-0.210.16-0.75-0.15-0.28-0.06-0.090.1-0.38-0.29-0.24-0.080.13
-0.41-0.69-0.68-0.82-0.250.62-0.34-0.79-0.030.03-0.93-0.42-0.650.230.04-0.24-0.8-0.92-0.67-0.93-0.49-0.84-0.75-0.93-0.14
0.260.480.410.580.14-0.440.290.60.3-0.03-0.930.290.430.06-0.09-0.020.590.980.490.840.330.680.550.81-0.1
0.740.610.460.450.66-0.60.590.62-0.37-0.82-0.420.290.59-0.50.630.550.620.280.630.310.440.640.730.560.19
0.840.740.730.820.73-0.910.550.78-0.63-0.21-0.650.430.59-0.850.390.520.840.410.620.680.760.860.770.730.62
-0.74-0.65-0.65-0.63-0.660.68-0.42-0.630.920.160.230.06-0.5-0.85-0.42-0.73-0.60.11-0.55-0.34-0.59-0.58-0.6-0.44-0.66
0.820.060.03-0.050.9-0.580.890.14-0.42-0.750.04-0.090.630.39-0.420.230.29-0.080.080.040.530.380.080.080.03
0.440.740.70.560.3-0.280.250.73-0.67-0.15-0.24-0.020.550.52-0.730.230.49-0.10.790.30.190.460.660.520.23
0.680.680.760.850.55-0.790.560.81-0.39-0.28-0.80.590.620.84-0.60.290.490.570.640.760.780.960.790.790.3
0.260.430.370.550.15-0.470.290.540.37-0.06-0.920.980.280.410.11-0.08-0.10.570.420.80.330.660.520.77-0.07
0.440.960.770.790.24-0.430.280.96-0.35-0.09-0.670.490.630.62-0.550.080.790.640.420.680.150.690.90.880.27
0.480.70.730.830.32-0.660.460.8-0.110.1-0.930.840.310.68-0.340.040.30.760.80.680.520.840.660.910.18
0.780.240.510.520.77-0.840.670.38-0.48-0.38-0.490.330.440.76-0.590.530.190.780.330.150.520.740.360.40.25
0.760.720.70.820.63-0.840.680.85-0.36-0.29-0.840.680.640.86-0.580.380.460.960.660.690.840.740.790.870.29
0.520.940.790.880.33-0.60.260.93-0.36-0.24-0.750.550.730.77-0.60.080.660.790.520.90.660.360.790.880.44
0.530.880.770.870.34-0.630.410.95-0.17-0.08-0.930.810.560.73-0.440.080.520.790.770.880.910.40.870.880.23
0.360.510.370.530.28-0.510.020.34-0.60.13-0.14-0.10.190.62-0.660.030.230.3-0.070.270.180.250.290.440.23
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Ethernity Networks Account Relationship Matchups

Ethernity Networks fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.2M12.2M19.4M12.3M9.7M12.2M
Short Long Term Debt Total1.5M718.5K3.7M3.1M1.2M1.3M
Other Current Liab974.4K2.2M2.1M2.8M1.3M1.6M
Total Current Liabilities2.5M3.1M3.4M4.2M2.9M2.6M
Total Stockholder Equity11.5M8.9M13.0M5.6M5.9M8.8M
Net Tangible Assets9.6M3.0M1.5M6.5M7.5M4.7M
Property Plant And Equipment Net973.6K844.3K3.8M3.6M2.0M1.3M
Current Deferred Revenue(1.2M)(572.4K)(593.0K)(636.1K)1.2M1.3M
Net Debt354.2K(1.5M)(3.4M)2.4M(791.1K)(830.7K)
Retained Earnings(12.8M)(19.1M)(28.5M)(36.5M)(42.8M)(40.7M)
Accounts Payable325.2K290.2K651.8K785.6K1.2M1.3M
Cash1.1M2.2M7.1M715.8K2.0M2.0M
Non Current Assets Total9.4M8.2M10.2M9.1M6.5M6.3M
Non Currrent Assets Other(9.4M)(8.2M)(10.2M)(9.1M)35.1K36.9K
Cash And Short Term Investments3.7M2.2M7.1M715.8K2.0M1.9M
Net Receivables427.2K778.1K1.5M1.3M186.1K176.8K
Common Stock Shares Outstanding32.6M36.6M67.5M76.0M143.9M151.1M
Liabilities And Stockholders Equity14.2M12.2M19.4M12.3M9.7M12.2M
Non Current Liabilities Total306.8K146.1K3.1M2.5M815.0K796.1K
Inventory166.9K173.5K284.8K773.1K535.7K562.5K
Other Current Assets362.8K626.7K241.0K343.9K427.9K338.3K
Other Stockholder Equity23.4M26.8M40.4M40.8M47.3M26.7M
Total Liab2.8M3.3M6.5M4.2M3.8M3.1M
Property Plant And Equipment Gross973.6K844.3K4.4M4.5M3.3M3.5M
Short Long Term Debt1.0M411.7K422.6K428.9K96.3K91.5K
Total Current Assets4.6M3.8M9.1M3.1M3.1M5.6M
Accumulated Other Comprehensive Income892.9K1.2M1.0M1.2M1.3M722.2K
Short Term Debt1.2M572.4K593.0K636.1K438.3K416.4K
Property Plant Equipment606.1K973.6K844.3K3.8M4.4M4.6M
Other Assets191.9K194.3K39.0K35.7K32.1K30.5K
Intangible Assets8.4M7.4M6.4M5.5M4.5M5.4M
Net Invested Capital12.5M9.3M13.4M6.0M6.0M9.5M
Net Working Capital2.2M653.0K5.7M(1.0M)199.4K189.4K

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