ETL Cash vs Net Receivables Analysis
| ETL Stock | 1.10 0.06 5.77% |
E3 Lithium financial indicator trend analysis is much more than just examining E3 Lithium latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether E3 Lithium is a good investment. Please check the relationship between E3 Lithium Cash and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E3 Lithium. 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 Net Receivables
Cash vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of E3 Lithium Cash account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between E3 Lithium's Cash and Net Receivables is 0.81. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Net Receivables in the same time period over historical financial statements of E3 Lithium, assuming nothing else is changed. The correlation between historical values of E3 Lithium's Cash and Net Receivables 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 E3 Lithium are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash i.e., E3 Lithium's Cash and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.81 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of E3 Lithium, which is listed under current asset account on E3 Lithium balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from E3 Lithium customers. The amounts must be unrestricted with restricted cash listed in a different E3 Lithium 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.Net Receivables
Most indicators from E3 Lithium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into E3 Lithium 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 E3 Lithium. 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, E3 Lithium's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 127.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 6.2 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 21K | 35K | 53K | 30.5K | Interest Income | 37K | 231K | 658K | 690.9K |
E3 Lithium fundamental ratios Correlations
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E3 Lithium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for ETL Stock Analysis
When running E3 Lithium's price analysis, check to measure E3 Lithium'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 E3 Lithium is operating at the current time. Most of E3 Lithium's value examination focuses on studying past and present price action to predict the probability of E3 Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move E3 Lithium's price. Additionally, you may evaluate how the addition of E3 Lithium to your portfolios can decrease your overall portfolio volatility.