Eco Common Stock vs Current Deferred Revenue Analysis

EOG Stock

CAD 0.18 0.01 5.26%

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 Common Stock and its Current Deferred Revenue 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.

Common Stock vs Current Deferred Revenue

Common Stock vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eco Atlantic Oil Common Stock account and Current Deferred Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Eco Atlantic's Common Stock and Current Deferred Revenue is -0.36. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Current Deferred Revenue 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 Common Stock and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Eco Atlantic Oil are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Common Stock i.e., Eco Atlantic's Common Stock and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.36

Relationship Direction	Negative
Relationship Strength	Insignificant

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Common Stock

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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

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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

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