Eastfield Short Term Investments vs Total Current Liabilities Analysis

ETF Stock

CAD 0.03 0.01 16.67%

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

Short Term Investments vs Total Current Liabilities

Short Term Investments vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastfield Resources Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Eastfield Resources' Short Term Investments and Total Current Liabilities is -0.39. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Eastfield Resources, assuming nothing else is changed. The correlation between historical values of Eastfield Resources' Short Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Eastfield Resources are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Term Investments i.e., Eastfield Resources' Short Term Investments and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.39

Relationship Direction	Negative
Relationship Strength	Insignificant

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Short Term Investments

Short Term Investments is an item under the current assets section of Eastfield Resources balance sheet. It contains any investments Eastfield Resources undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Eastfield Resources can easily liquidate in the marketplace.

Total Current Liabilities

Total Current Liabilities is an item on Eastfield Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Eastfield Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Eastfield Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastfield Resources 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 Eastfield Resources. 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 110.4 K in 2024. Tax Provision is expected to grow at the current pace this year

Eastfield Resources fundamental ratios Correlations

	Total Assets	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	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Non Currrent Assets Other	Short Long Term Debt Total	Short Term Debt	Inventory	Short Term Investments	Non Current Liabilities Total	Intangible Assets	Common Stock	Other Liab
Total Assets		-0.37	0.3	0.98	0.48	0.26	0.04	0.74	-0.09	0.81	-0.17	-0.18	0.53	-0.58	-0.27	0.73	-0.17	-0.3	0.54	-0.37	-0.56	-0.46	0.73	-0.58	-0.13	0.15
Other Current Liab	-0.37		0.69	-0.45	-0.65	0.39	-0.79	-0.07	-0.45	-0.09	-0.28	-0.42	0.08	0.04	-0.46	0.06	-0.37	0.88	-0.73	0.8	0.07	0.15	-0.2	0.06	0.83	-0.89
Total Current Liabilities	0.3	0.69		0.16	-0.04	0.76	-0.76	0.61	-0.71	0.61	-0.66	-0.66	0.39	-0.21	-0.41	0.74	-0.73	0.57	-0.51	0.6	-0.17	-0.39	0.47	-0.19	0.79	-0.63
Total Stockholder Equity	0.98	-0.45	0.16		0.44	0.11	0.11	0.66	0.06	0.7	-0.01	-0.06	0.52	-0.63	-0.3	0.6	-0.02	-0.35	0.67	-0.48	-0.61	-0.35	0.62	-0.63	-0.25	0.19
Property Plant And Equipment Net	0.48	-0.65	-0.04	0.44		0.33	0.29	0.53	-0.26	0.6	-0.44	-0.04	0.06	-0.03	0.48	0.46	-0.35	-0.66	0.29	-0.55	-0.02	-0.54	0.58	-0.02	-0.38	0.69
Net Debt	0.26	0.39	0.76	0.11	0.33		-0.45	0.56	-0.98	0.76	-0.96	-0.67	0.05	0.12	0.01	0.74	-0.98	0.37	-0.5	0.44	0.16	-0.49	0.65	0.14	0.5	-0.33
Retained Earnings	0.04	-0.79	-0.76	0.11	0.29	-0.45		-0.26	0.49	-0.15	0.32	0.36	-0.55	0.44	0.68	-0.23	0.39	-0.79	0.39	-0.56	0.41	-0.2	0.13	0.42	-0.8	0.75
Accounts Payable	0.74	-0.07	0.61	0.66	0.53	0.56	-0.26		-0.46	0.85	-0.56	-0.28	0.46	-0.39	-0.16	0.81	-0.54	-0.07	0.17	-0.03	-0.37	-0.46	0.68	-0.38	0.14	0.06
Cash	-0.09	-0.45	-0.71	0.06	-0.26	-0.98	0.49	-0.46		-0.63	0.96	0.62	0.04	-0.2	-0.04	-0.6	0.98	-0.45	0.57	-0.49	-0.24	0.38	-0.51	-0.22	-0.5	0.36
Non Current Assets Total	0.81	-0.09	0.61	0.7	0.6	0.76	-0.15	0.85	-0.63		-0.71	-0.52	0.33	-0.25	-0.06	0.94	-0.72	-0.07	0.06	-0.03	-0.21	-0.65	0.91	-0.24	0.16	0.03
Cash And Short Term Investments	-0.17	-0.28	-0.66	-0.01	-0.44	-0.96	0.32	-0.56	0.96	-0.71		0.59	0.08	-0.26	-0.21	-0.69	0.99	-0.23	0.51	-0.36	-0.3	0.53	-0.64	-0.27	-0.39	0.14
Net Receivables	-0.18	-0.42	-0.66	-0.06	-0.04	-0.67	0.36	-0.28	0.62	-0.52	0.59		-0.04	-0.11	0.05	-0.6	0.69	-0.44	0.54	-0.49	-0.18	0.53	-0.53	-0.15	-0.55	0.4
Common Stock Shares Outstanding	0.53	0.08	0.39	0.52	0.06	0.05	-0.55	0.46	0.04	0.33	0.08	-0.04		-0.94	-0.79	0.37	0.07	0.17	0.39	-0.01	-0.93	0.19	0.07	-0.94	0.41	-0.11
Other Current Assets	-0.58	0.04	-0.21	-0.63	-0.03	0.12	0.44	-0.39	-0.2	-0.25	-0.26	-0.11	-0.94		0.82	-0.22	-0.23	-0.12	-0.6	0.21	1.0	-0.28	0.02	1.0	-0.17	0.11
Other Stockholder Equity	-0.27	-0.46	-0.41	-0.3	0.48	0.01	0.68	-0.16	-0.04	-0.06	-0.21	0.05	-0.79	0.82		-0.1	-0.14	-0.61	-0.21	-0.27	0.81	-0.46	0.2	0.81	-0.51	0.6
Total Liab	0.73	0.06	0.74	0.6	0.46	0.74	-0.23	0.81	-0.6	0.94	-0.69	-0.6	0.37	-0.22	-0.1		-0.7	-0.01	-0.13	0.17	-0.17	-0.71	0.92	-0.2	0.38	-0.06
Total Current Assets	-0.17	-0.37	-0.73	-0.02	-0.35	-0.98	0.39	-0.54	0.98	-0.72	0.99	0.69	0.07	-0.23	-0.14	-0.7		-0.33	0.56	-0.42	-0.28	0.54	-0.63	-0.26	-0.45	0.27
Non Currrent Assets Other	-0.3	0.88	0.57	-0.35	-0.66	0.37	-0.79	-0.07	-0.45	-0.07	-0.23	-0.44	0.17	-0.12	-0.61	-0.01	-0.33		-0.5	0.78	-0.09	0.36	-0.26	-0.1	0.73	-0.89
Short Long Term Debt Total	0.54	-0.73	-0.51	0.67	0.29	-0.5	0.39	0.17	0.57	0.06	0.51	0.54	0.39	-0.6	-0.21	-0.13	0.56	-0.5		-0.76	-0.63	0.25	-0.04	-0.62	-0.65	0.49
Short Term Debt	-0.37	0.8	0.6	-0.48	-0.55	0.44	-0.56	-0.03	-0.49	-0.03	-0.36	-0.49	-0.01	0.21	-0.27	0.17	-0.42	0.78	-0.76		0.23	0.07	-0.03	0.22	0.83	-0.68
Inventory	-0.56	0.07	-0.17	-0.61	-0.02	0.16	0.41	-0.37	-0.24	-0.21	-0.3	-0.18	-0.93	1.0	0.81	-0.17	-0.28	-0.09	-0.63	0.23		-0.32	0.06	1.0	-0.13	0.09
Short Term Investments	-0.46	0.15	-0.39	-0.35	-0.54	-0.49	-0.2	-0.46	0.38	-0.65	0.53	0.53	0.19	-0.28	-0.46	-0.71	0.54	0.36	0.25	0.07	-0.32		-0.84	-0.3	0.02	-0.16
Non Current Liabilities Total	0.73	-0.2	0.47	0.62	0.58	0.65	0.13	0.68	-0.51	0.91	-0.64	-0.53	0.07	0.02	0.2	0.92	-0.63	-0.26	-0.04	-0.03	0.06	-0.84		0.04	0.06	0.15
Intangible Assets	-0.58	0.06	-0.19	-0.63	-0.02	0.14	0.42	-0.38	-0.22	-0.24	-0.27	-0.15	-0.94	1.0	0.81	-0.2	-0.26	-0.1	-0.62	0.22	1.0	-0.3	0.04		-0.15	0.1
Common Stock	-0.13	0.83	0.79	-0.25	-0.38	0.5	-0.8	0.14	-0.5	0.16	-0.39	-0.55	0.41	-0.17	-0.51	0.38	-0.45	0.73	-0.65	0.83	-0.13	0.02	0.06	-0.15		-0.65
Other Liab	0.15	-0.89	-0.63	0.19	0.69	-0.33	0.75	0.06	0.36	0.03	0.14	0.4	-0.11	0.11	0.6	-0.06	0.27	-0.89	0.49	-0.68	0.09	-0.16	0.15	0.1	-0.65

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Eastfield Short Term Investments vs Total Current Liabilities Analysis

Short Term Investments vs Total Current Liabilities

Short Term Investments vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Short Term Investments

Total Current Liabilities

Eastfield Resources fundamental ratios Correlations

Eastfield Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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Inventory	+ 1.0	Other Current Assets
Intangible Assets	+ 1.0	Other Current Assets
Intangible Assets	+ 1.0	Inventory
Total Current Assets	+ 0.99	Cash And Short Term Investments
Total Stockholder Equity	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Cash

Total Current Assets	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Cash And Short Term Investments	- 0.96	Net Debt
Intangible Assets	- 0.94	Common Stock Shares Outstanding
Other Current Assets	- 0.94	Common Stock Shares Outstanding
Inventory	- 0.93	Common Stock Shares Outstanding