Empire Total Stockholder Equity vs Cash Analysis
| EP Stock | USD 5.75 0.14 2.38% |
Empire Petroleum financial indicator trend analysis is much more than just examining Empire Petroleum Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Empire Petroleum Corp is a good investment. Please check the relationship between Empire Petroleum Total Stockholder Equity and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire Petroleum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Total Stockholder Equity vs Cash
Total Stockholder Equity vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Empire Petroleum Corp Total Stockholder Equity account and Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Empire Petroleum's Total Stockholder Equity and Cash is 0.86. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Empire Petroleum Corp, assuming nothing else is changed. The correlation between historical values of Empire Petroleum's Total Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Empire Petroleum Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Stockholder Equity i.e., Empire Petroleum's Total Stockholder Equity and Cash go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Cash
Cash refers to the most liquid asset of Empire Petroleum Corp, which is listed under current asset account on Empire Petroleum Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Empire Petroleum customers. The amounts must be unrestricted with restricted cash listed in a different Empire Petroleum 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.Most indicators from Empire Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Empire Petroleum Corp 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 Empire Petroleum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. At this time, Empire Petroleum's Selling General Administrative is relatively stable compared to the past year. As of 11/26/2024, Tax Provision is likely to grow to about 103.8 K, though Enterprise Value Over EBITDA is likely to grow to (29.16).
Empire Petroleum fundamental ratios Correlations
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Empire Petroleum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Empire Petroleum fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 11.0M | 11.2M | 50.1M | 71.5M | 92.6M | 97.2M | |
| Short Long Term Debt Total | 7.8M | 9.6M | 9.4M | 8.0M | 6.7M | 9.7M | |
| Other Current Liab | 11.9K | 2.7M | 5.8M | 9.2M | 7.1M | 4.3M | |
| Total Current Liabilities | 2.2M | 6.1M | 12.1M | 17.6M | 25.0M | 26.3M | |
| Total Stockholder Equity | (4.9M) | (18.4M) | 10.8M | 23.2M | 35.0M | 18.7M | |
| Property Plant And Equipment Net | 9.3M | 8.2M | 30.7M | 45.3M | 72.4M | 76.0M | |
| Net Debt | 7.8M | 9.5M | 5.8M | (3.9M) | (1.1M) | (1.1M) | |
| Retained Earnings | (23.8M) | (40.6M) | (59.2M) | (52.1M) | (64.6M) | (67.8M) | |
| Cash | 0.0 | 157.7K | 3.6M | 11.9M | 7.8M | 8.2M | |
| Non Current Assets Total | 9.3M | 9.0M | 37.0M | 48.8M | 73.9M | 77.6M | |
| Cash And Short Term Investments | 0.0 | 157.7K | 3.6M | 11.9M | 7.8M | 8.2M | |
| Common Stock Shares Outstanding | 5.0M | 5.7M | 3.7M | 23.4M | 22.7M | 23.9M | |
| Liabilities And Stockholders Equity | 11.0M | 11.2M | 50.1M | 71.5M | 92.6M | 97.2M | |
| Other Current Assets | 247.7K | 281.9K | 734.4K | 1.2M | 1.2M | 1.2M | |
| Other Stockholder Equity | 18.8M | 22.2M | 69.0M | 75.3M | 99.5M | 85.7M | |
| Total Liab | 16.0M | 29.7M | 39.3M | 48.3M | 57.7M | 60.5M | |
| Total Current Assets | 1.7M | 2.2M | 13.1M | 22.7M | 18.7M | 19.7M | |
| Short Term Debt | 96.7K | 1.5M | 1.9M | 2.6M | 1.5M | 1.5M | |
| Common Stock | 20.4K | 24.9K | 79.4K | 81.6K | 85.0K | 80.8K | |
| Net Receivables | 982.8K | 1.3M | 7.7M | 7.8M | 8.4M | 8.8M | |
| Accounts Payable | 1.0M | 1.9M | 4.3M | 5.8M | 16.4M | 17.3M | |
| Non Current Liabilities Total | 13.7M | 23.6M | 27.2M | 30.7M | 32.6M | 34.2M | |
| Long Term Debt | 7.7M | 7.7M | 6.9M | 5.1M | 4.6M | 4.6M | |
| Long Term Debt Total | 7.7M | 8.3M | 7.6M | 5.1M | 5.9M | 4.7M | |
| Capital Surpluse | 18.8M | 22.2M | 70.0M | 75.3M | 86.6M | 90.9M | |
| Cash And Equivalents | 0.0 | 157.7K | 3.6M | 11.9M | 13.7M | 14.4M | |
| Net Tangible Assets | (150.2K) | (4.9M) | (18.4M) | 10.8M | 12.5M | 13.1M | |
| Net Invested Capital | 2.9M | (9.4M) | 19.4M | 30.4M | 40.7M | 42.7M | |
| Short Long Term Debt | 96.7K | 1.3M | 1.7M | 2.1M | 1.1M | 1.2M | |
| Capital Stock | 20.4K | 24.9K | 79.4K | 81.6K | 85.0K | 56.6K | |
| Net Working Capital | (531.2K) | (3.9M) | 1.1M | 5.1M | (6.3M) | (6.0M) | |
| Property Plant Equipment | 9.3M | 8.2M | 30.7M | 45.3M | 52.1M | 54.7M |
Additional Tools for Empire Stock Analysis
When running Empire Petroleum's price analysis, check to measure Empire Petroleum'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 Empire Petroleum is operating at the current time. Most of Empire Petroleum's value examination focuses on studying past and present price action to predict the probability of Empire Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Petroleum's price. Additionally, you may evaluate how the addition of Empire Petroleum to your portfolios can decrease your overall portfolio volatility.