Eco Cash vs Property Plant And Equipment Net Analysis

EOG Stock

CAD 0.19 0.01 5.56%

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

Cash vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Atlantic Oil Cash account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.

The correlation between Eco Atlantic's Cash and Property Plant And Equipment Net is 0.77. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Eco Atlantic Oil, assuming nothing else is changed. The correlation between historical values of Eco Atlantic's Cash and Property Plant And Equipment Net 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 of Eco Atlantic Oil are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Cash i.e., Eco Atlantic's Cash and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash

Cash refers to the most liquid asset of Eco Atlantic Oil, which is listed under current asset account on Eco Atlantic Oil balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Eco Atlantic customers. The amounts must be unrestricted with restricted cash listed in a different Eco Atlantic account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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.

Most indicators from Eco Atlantic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eco Atlantic Oil 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 Eco Atlantic Oil. 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, Eco Atlantic's Discontinued Operations is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 818.13 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 M in 2024.

Eco Atlantic fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Common Stock	Property Plant And Equipment Net	Non Current Assets Total	Other Assets	Net Receivables	Non Currrent Assets Other	Short Term Investments	Inventory	Intangible Assets	Current Deferred Revenue	Net Tangible Assets
Total Assets		0.79	1.0	0.02	-0.68	0.77	-0.02	-0.02	0.73	-0.17	0.69	0.74	0.79	0.07	0.7	0.73	-0.14	0.89	0.69	0.49	0.32	-0.09	-0.89	0.84	-0.22	0.78
Total Current Liabilities	0.79		0.74	0.23	-0.37	0.87	-0.23	-0.24	0.41	0.4	0.77	0.64	1.0	-0.12	0.61	0.4	-0.36	0.76	0.38	0.61	0.05	-0.2	-0.83	0.69	0.31	0.52
Total Stockholder Equity	1.0	0.74		-0.01	-0.7	0.74	0.01	0.01	0.74	-0.23	0.66	0.73	0.74	0.1	0.69	0.74	-0.11	0.88	0.71	0.46	0.35	-0.08	-0.87	0.83	-0.28	0.79
Net Debt	0.02	0.23	-0.01		-0.17	0.29	-1.0	-1.0	0.05	0.1	0.22	0.37	0.22	-0.99	0.06	0.1	-0.77	0.39	0.01	0.14	-0.61	-0.21	-0.2	0.43	0.09	0.08
Retained Earnings	-0.68	-0.37	-0.7	-0.17		-0.49	0.18	0.18	-0.98	0.37	-0.23	-0.66	-0.38	0.15	-0.33	-0.99	0.16	-0.8	-0.88	-0.2	-0.26	0.04	0.47	-0.85	0.34	-0.93
Accounts Payable	0.77	0.87	0.74	0.29	-0.49		-0.29	-0.29	0.54	0.23	0.47	0.5	0.87	-0.2	0.29	0.54	-0.39	0.78	0.41	0.82	-0.03	-0.18	-0.76	0.74	0.29	0.5
Cash	-0.02	-0.23	0.01	-1.0	0.18	-0.29		1.0	-0.05	-0.1	-0.22	-0.38	-0.22	0.99	-0.06	-0.11	0.77	-0.4	-0.01	-0.14	0.6	0.23	0.2	-0.44	-0.09	-0.09
Cash And Short Term Investments	-0.02	-0.24	0.01	-1.0	0.18	-0.29	1.0		-0.05	-0.1	-0.21	-0.38	-0.23	0.99	-0.06	-0.1	0.78	-0.4	0.01	-0.15	0.59	0.29	0.19	-0.44	-0.1	-0.09
Common Stock Shares Outstanding	0.73	0.41	0.74	0.05	-0.98	0.54	-0.05	-0.05		-0.35	0.23	0.63	0.42	-0.02	0.33	0.99	-0.08	0.8	0.86	0.26	0.36	-0.05	-0.5	0.83	-0.31	0.94
Non Current Liabilities Total	-0.17	0.4	-0.23	0.1	0.37	0.23	-0.1	-0.1	-0.35		0.13	-0.18	0.4	-0.06	-0.17	-0.4	-0.18	-0.18	-0.38	0.25	-0.21	-0.12	0.06	-0.23	0.95	-0.3
Other Current Assets	0.69	0.77	0.66	0.22	-0.23	0.47	-0.22	-0.21	0.23	0.13		0.75	0.78	-0.11	0.89	0.24	-0.23	0.65	0.41	0.15	0.04	-0.03	-0.84	0.56	-0.1	0.43
Other Stockholder Equity	0.74	0.64	0.73	0.37	-0.66	0.5	-0.38	-0.38	0.63	-0.18	0.75		0.63	-0.32	0.76	0.66	-0.45	0.86	0.63	0.1	0.06	-0.22	-0.69	0.85	-0.32	0.77
Total Liab	0.79	1.0	0.74	0.22	-0.38	0.87	-0.22	-0.23	0.42	0.4	0.78	0.63		-0.11	0.62	0.41	-0.35	0.76	0.4	0.61	0.05	-0.15	-0.85	0.69	0.31	0.52
Total Current Assets	0.07	-0.12	0.1	-0.99	0.15	-0.2	0.99	0.99	-0.02	-0.06	-0.11	-0.32	-0.11		0.02	-0.07	0.77	-0.33	0.04	-0.06	0.61	0.27	0.08	-0.38	-0.07	-0.05
Other Current Liab	0.7	0.61	0.69	0.06	-0.33	0.29	-0.06	-0.06	0.33	-0.17	0.89	0.76	0.62	0.02		0.35	-0.12	0.64	0.49	-0.03	0.23	-0.06	-0.76	0.58	-0.4	0.58
Common Stock	0.73	0.4	0.74	0.1	-0.99	0.54	-0.11	-0.1	0.99	-0.4	0.24	0.66	0.41	-0.07	0.35		-0.13	0.82	0.88	0.25	0.3	-0.03	-0.52	0.86	-0.36	0.93
Property Plant And Equipment Net	-0.14	-0.36	-0.11	-0.77	0.16	-0.39	0.77	0.78	-0.08	-0.18	-0.23	-0.45	-0.35	0.77	-0.12	-0.13		-0.44	-0.04	-0.04	0.57	0.34	0.2	-0.47	-0.18	-0.15
Non Current Assets Total	0.89	0.76	0.88	0.39	-0.8	0.78	-0.4	-0.4	0.8	-0.18	0.65	0.86	0.76	-0.33	0.64	0.82	-0.44		0.72	0.43	0.1	-0.2	-0.83	0.99	-0.22	0.85
Other Assets	0.69	0.38	0.71	0.01	-0.88	0.41	-0.01	0.01	0.86	-0.38	0.41	0.63	0.4	0.04	0.49	0.88	-0.04	0.72		0.07	0.16	0.21	-0.59	0.74	-0.41	0.83
Net Receivables	0.49	0.61	0.46	0.14	-0.2	0.82	-0.14	-0.15	0.26	0.25	0.15	0.1	0.61	-0.06	-0.03	0.25	-0.04	0.43	0.07		0.02	-0.13	-0.51	0.38	0.38	0.15
Non Currrent Assets Other	0.32	0.05	0.35	-0.61	-0.26	-0.03	0.6	0.59	0.36	-0.21	0.04	0.06	0.05	0.61	0.23	0.3	0.57	0.1	0.16	0.02		-0.01	-0.1	0.08	-0.24	0.41
Short Term Investments	-0.09	-0.2	-0.08	-0.21	0.04	-0.18	0.23	0.29	-0.05	-0.12	-0.03	-0.22	-0.15	0.27	-0.06	-0.03	0.34	-0.2	0.21	-0.13	-0.01		-0.11	-0.23	-0.17	-0.17
Inventory	-0.89	-0.83	-0.87	-0.2	0.47	-0.76	0.2	0.19	-0.5	0.06	-0.84	-0.69	-0.85	0.08	-0.76	-0.52	0.2	-0.83	-0.59	-0.51	-0.1	-0.11		-0.75	0.17	-0.57
Intangible Assets	0.84	0.69	0.83	0.43	-0.85	0.74	-0.44	-0.44	0.83	-0.23	0.56	0.85	0.69	-0.38	0.58	0.86	-0.47	0.99	0.74	0.38	0.08	-0.23	-0.75		-0.25	0.88
Current Deferred Revenue	-0.22	0.31	-0.28	0.09	0.34	0.29	-0.09	-0.1	-0.31	0.95	-0.1	-0.32	0.31	-0.07	-0.4	-0.36	-0.18	-0.22	-0.41	0.38	-0.24	-0.17	0.17	-0.25		-0.34
Net Tangible Assets	0.78	0.52	0.79	0.08	-0.93	0.5	-0.09	-0.09	0.94	-0.3	0.43	0.77	0.52	-0.05	0.58	0.93	-0.15	0.85	0.83	0.15	0.41	-0.17	-0.57	0.88	-0.34

Click cells to compare fundamentals

Eco Atlantic Account Relationship Matchups

Eco Atlantic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.9M	16.9M	45.9M	55.6M	31.3M	16.7M
Total Current Liabilities	350.4K	621.2K	5.6M	5.0M	1.2M	1.4M
Total Stockholder Equity	19.5M	16.0M	40.2M	50.7M	30.0M	15.3M
Net Debt	(18.7M)	(11.5M)	(3.4M)	(4.1M)	(3.0M)	(3.1M)
Retained Earnings	(38.7M)	(44.8M)	(51.4M)	(88.0M)	(109.1M)	(103.6M)
Accounts Payable	350.4K	501.0K	1.9M	4.3M	1.0M	1.1M
Cash	18.7M	11.8M	3.4M	4.1M	3.0M	2.8M
Cash And Short Term Investments	18.7M	13.4M	3.5M	4.1M	3.0M	2.8M
Common Stock Shares Outstanding	182.8M	184.7M	202.7M	366.0M	369.3M	387.8M
Liabilities And Stockholders Equity	19.9M	16.9M	45.9M	55.6M	31.3M	16.7M
Other Current Assets	64.7K	243.4K	2.1M	646.3K	67.1K	63.7K
Other Stockholder Equity	2.4M	2.7M	29.5M	17.6M	17.7M	18.6M
Total Liab	350.4K	947.1K	5.6M	5.0M	1.2M	1.4M
Total Current Assets	18.8M	13.6M	5.8M	6.2M	3.1M	2.9M
Accumulated Other Comprehensive Income	251.4K	(930.4K)	(1.0M)	(538.1K)	(647.8K)	(615.4K)
Common Stock	55.6M	59.1M	63.1M	121.6M	122.1M	128.2M
Non Current Assets Total	1.1M	3.3M	40.0M	49.5M	28.2M	29.6M
Net Receivables	65.6K	262.8K	285.4K	2.0M	115.1K	109.3K
Short Term Investments	52.8K	1.6M	52.6K	13.1K	15.1K	14.3K
Intangible Assets	1.1M	2.5M	30.8M	40.9M	28.2M	29.6M
Current Deferred Revenue	521.5K	423.5K	122.1K	387.8K	110.9K	105.4K
Net Tangible Assets	25.1M	19.6M	16.0M	40.2M	46.3M	48.6M
Property Plant Equipment	1.1M	1.4M	30.8M	40.9M	47.0M	49.3M
Short Term Debt	0.28	1.0	23.0K	(387.8K)	(110.9K)	(105.4K)
Net Invested Capital	19.5M	16.0M	40.2M	50.7M	30.0M	29.5M
Net Working Capital	18.5M	13.0M	191.7K	1.2M	1.8M	1.8M
Capital Stock	55.6M	59.1M	63.1M	121.6M	122.1M	84.1M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Eco Stock Analysis

When running Eco Atlantic's price analysis, check to measure Eco Atlantic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eco Atlantic is operating at the current time. Most of Eco Atlantic's value examination focuses on studying past and present price action to predict the probability of Eco Atlantic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eco Atlantic's price. Additionally, you may evaluate how the addition of Eco Atlantic to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC