Ecofibre Cash And Short Term Investments vs Total Liab Analysis

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

Cash And Short Term Investments vs Total Liab

Cash And Short Term Investments vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ecofibre Cash And Short Term Investments account and Total Liab. At this time, the significance of the direction appears to have weak relationship.

The correlation between Ecofibre's Cash And Short Term Investments and Total Liab is 0.3. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Liab in the same time period over historical financial statements of Ecofibre, assuming nothing else is changed. The correlation between historical values of Ecofibre's Cash And Short Term Investments and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Ecofibre are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Cash And Short Term Investments i.e., Ecofibre's Cash And Short Term Investments and Total Liab go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Ecofibre balance sheet. This account contains Ecofibre investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Ecofibre fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

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

At this time, Ecofibre's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 10.6 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 744.7 K in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	5.1M	4.7M	2.2M	2.5M
Interest Income	1K	2.9M	3.4M	3.5M

Depreciation And Amortization Interest Income

Ecofibre fundamental ratios Correlations

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

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Ecofibre Account Relationship Matchups

Ecofibre fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	84.3M	141.7M	149.6M	118.7M	71.2M	77.5M
Short Long Term Debt Total	11.1M	11.0M	19.7M	27.0M	25.5M	13.3M
Other Current Liab	7.5M	3.0M	3.4M	3.1M	3.3M	3.4M
Total Current Liabilities	10.7M	5.7M	8.1M	6.5M	20.8M	21.8M
Total Stockholder Equity	63.0M	111.8M	109.9M	74.6M	40.0M	54.2M
Property Plant And Equipment Net	35.7M	48.0M	47.8M	43.4M	8.6M	8.2M
Net Debt	4.1M	2.4M	12.5M	19.7M	18.8M	19.7M
Retained Earnings	(4.3M)	(11.3M)	(26.0M)	(65.9M)	(90.8M)	(86.2M)
Accounts Payable	1.0M	2.1M	2.2M	2.0M	1.4M	1.2M
Cash	7.0M	8.6M	7.3M	7.3M	6.7M	8.4M
Non Current Assets Total	38.8M	102.5M	112.9M	97.1M	33.9M	48.8M
Cash And Short Term Investments	18.3M	8.6M	7.3M	7.3M	6.7M	9.8M
Net Receivables	9.3M	7.8M	4.0M	2.9M	3.1M	3.8M
Common Stock Shares Outstanding	303.2M	322.7M	332.5M	335.7M	360.3M	347.6M
Liabilities And Stockholders Equity	84.3M	141.7M	149.6M	118.7M	71.2M	77.5M
Non Current Liabilities Total	10.6M	24.2M	31.5M	37.6M	9.5M	15.4M
Inventory	12.3M	17.8M	16.3M	9.9M	2.6M	2.5M
Other Current Assets	7.9M	5.0M	9.7M	1.5M	25.0M	26.2M
Total Liab	21.3M	29.9M	39.6M	44.1M	30.3M	23.2M
Total Current Assets	45.5M	39.2M	36.7M	21.6M	37.4M	28.7M
Accumulated Other Comprehensive Income	5.0M	15.0M	20.6M	24.0M	15.1M	10.5M
Common Stock	62.4M	108.1M	115.3M	116.5M	120.8M	76.1M
Net Tangible Assets	62.3M	61.2M	54.6M	21.0M	24.1M	37.9M
Non Currrent Assets Other	(36.3M)	(98.6M)	(103.2M)	(97.1M)	(87.4M)	(83.0M)
Long Term Debt	10M	10.1M	16.8M	25.6M	29.4M	30.9M
Long Term Debt Total	10.6M	10.5M	17.2M	25.7M	29.6M	31.0M
Short Long Term Debt	939K	1.3M	2.0M	1M	1.2M	1.2M
Short Term Debt	(1.2M)	361.0K	2.5M	1.3M	16.0M	16.8M
Property Plant Equipment	35.7M	48.0M	47.8M	43.4M	49.9M	29.1M
Current Deferred Revenue	829.0K	65.0K	31K	15K	534K	560.7K
Short Term Investments	11.2M	4.3M	205K	347K	200K	190K
Net Invested Capital	73.0M	121.9M	128.7M	101.2M	116.4M	103.1M
Property Plant And Equipment Gross	35.7M	54.0M	57.7M	57.1M	65.7M	46.5M
Capital Stock	62.4M	108.1M	115.3M	116.5M	134.0M	100.9M
Net Working Capital	34.8M	33.5M	28.6M	15.2M	13.6M	23.3M

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