EVE Total Stockholder Equity vs Net Receivables Analysis

EVE Stock

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

Total Stockholder Equity vs Net Receivables

Total Stockholder Equity vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EVE Health Group Total Stockholder Equity account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between EVE Health's Total Stockholder Equity and Net Receivables is 0.55. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Receivables in the same time period over historical financial statements of EVE Health Group, assuming nothing else is changed. The correlation between historical values of EVE Health's Total Stockholder Equity 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 Total Stockholder Equity of EVE Health Group 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 Total Stockholder Equity i.e., EVE Health's Total Stockholder Equity and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

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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.

Net Receivables

Most indicators from EVE Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EVE Health Group 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 EVE Health Group. 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 625.9 K in 2024. Discontinued Operations is likely to drop to about (2 M) in 2024

EVE Health fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Term Debt	Property Plant And Equipment Net	Property Plant And Equipment Gross	Property Plant Equipment
Total Assets		0.35	-0.28	0.18	0.99	0.02	-0.48	0.41	0.66	0.52	0.95	0.49	0.39	0.62	0.6	0.03	-0.09	0.4	-0.21	0.23	0.43	-0.01	0.7	0.17	0.18	0.84
Short Long Term Debt Total	0.35		-0.74	-0.38	0.39	-0.61	-0.11	0.59	-0.15	0.12	0.49	0.08	0.97	0.19	-0.06	-0.49	-0.65	0.33	0.33	-0.17	-0.32	-0.52	0.52	0.67	0.65	0.52
Other Current Liab	-0.28	-0.74		0.61	-0.34	0.75	0.25	-0.77	0.31	-0.25	-0.4	0.03	-0.82	-0.3	-0.09	0.76	0.84	-0.34	-0.24	0.32	0.29	0.79	-0.35	-0.6	-0.59	-0.49
Total Current Liabilities	0.18	-0.38	0.61		0.06	0.85	0.17	-0.59	0.76	0.0	0.06	0.11	-0.43	-0.04	0.37	0.71	0.75	0.36	-0.38	0.9	0.36	0.71	0.11	-0.32	-0.3	-0.15
Total Stockholder Equity	0.99	0.39	-0.34	0.06		-0.09	-0.5	0.48	0.57	0.52	0.95	0.5	0.43	0.63	0.55	-0.05	-0.18	0.32	-0.16	0.1	0.4	-0.09	0.69	0.19	0.19	0.87
Other Liab	0.02	-0.61	0.75	0.85	-0.09		0.0	-0.82	0.67	0.15	-0.18	-0.2	-0.62	0.08	0.47	0.91	0.94	0.31	-0.67	0.77	0.57	0.91	-0.24	-0.28	-0.25	-0.42
Net Debt	-0.48	-0.11	0.25	0.17	-0.5	0.0		-0.02	-0.19	-0.97	-0.25	0.17	-0.19	-0.97	-0.55	-0.22	-0.09	-0.21	0.54	0.11	-0.79	-0.17	0.09	-0.22	-0.23	-0.2
Retained Earnings	0.41	0.59	-0.77	-0.59	0.48	-0.82	-0.02		-0.22	-0.04	0.61	0.51	0.61	0.06	-0.1	-0.88	-0.92	-0.04	0.54	-0.45	-0.45	-0.9	0.62	0.17	0.14	0.77
Accounts Payable	0.66	-0.15	0.31	0.76	0.57	0.67	-0.19	-0.22		0.34	0.53	0.36	-0.15	0.36	0.66	0.57	0.53	0.52	-0.51	0.74	0.55	0.55	0.34	-0.22	-0.19	0.35
Cash	0.52	0.12	-0.25	0.0	0.52	0.15	-0.97	-0.04	0.34		0.28	-0.22	0.2	0.99	0.67	0.29	0.17	0.44	-0.63	0.12	0.82	0.25	-0.02	0.28	0.29	0.17
Non Current Assets Total	0.95	0.49	-0.4	0.06	0.95	-0.18	-0.25	0.61	0.53	0.28		0.6	0.51	0.4	0.42	-0.21	-0.33	0.34	0.04	0.13	0.12	-0.24	0.83	0.2	0.2	0.94
Non Currrent Assets Other	0.49	0.08	0.03	0.11	0.5	-0.2	0.17	0.51	0.36	-0.22	0.6		0.05	-0.12	-0.07	-0.25	-0.26	-0.29	0.45	-0.04	-0.16	-0.24	0.64	-0.52	-0.53	0.71
Long Term Debt	0.39	0.97	-0.82	-0.43	0.43	-0.62	-0.19	0.61	-0.15	0.2	0.51	0.05		0.26	0.07	-0.51	-0.69	0.34	0.27	-0.2	-0.27	-0.54	0.48	0.7	0.68	0.53
Cash And Short Term Investments	0.62	0.19	-0.3	-0.04	0.63	0.08	-0.97	0.06	0.36	0.99	0.4	-0.12	0.26		0.67	0.23	0.1	0.42	-0.58	0.08	0.79	0.18	0.09	0.28	0.29	0.3
Net Receivables	0.6	-0.06	-0.09	0.37	0.55	0.47	-0.55	-0.1	0.66	0.67	0.42	-0.07	0.07	0.67		0.36	0.29	0.64	-0.71	0.51	0.67	0.31	0.13	0.19	0.2	0.19
Common Stock Total Equity	0.03	-0.49	0.76	0.71	-0.05	0.91	-0.22	-0.88	0.57	0.29	-0.21	-0.25	-0.51	0.23	0.36		0.96	0.15	-0.68	0.56	0.69	1.0	-0.32	-0.2	-0.17	-0.43
Common Stock Shares Outstanding	-0.09	-0.65	0.84	0.75	-0.18	0.94	-0.09	-0.92	0.53	0.17	-0.33	-0.26	-0.69	0.1	0.29	0.96		0.11	-0.64	0.59	0.64	0.97	-0.4	-0.32	-0.29	-0.52
Non Current Liabilities Total	0.4	0.33	-0.34	0.36	0.32	0.31	-0.21	-0.04	0.52	0.44	0.34	-0.29	0.34	0.42	0.64	0.15	0.11		-0.51	0.67	0.25	0.11	0.23	0.48	0.51	0.14
Other Stockholder Equity	-0.21	0.33	-0.24	-0.38	-0.16	-0.67	0.54	0.54	-0.51	-0.63	0.04	0.45	0.27	-0.58	-0.71	-0.68	-0.64	-0.51		-0.41	-0.78	-0.64	0.33	-0.05	-0.09	0.26
Total Liab	0.23	-0.17	0.32	0.9	0.1	0.77	0.11	-0.45	0.74	0.12	0.13	-0.04	-0.2	0.08	0.51	0.56	0.59	0.67	-0.41		0.31	0.55	0.22	-0.07	-0.04	-0.11
Total Current Assets	0.43	-0.32	0.29	0.36	0.4	0.57	-0.79	-0.45	0.55	0.82	0.12	-0.16	-0.27	0.79	0.67	0.69	0.64	0.25	-0.78	0.31		0.66	-0.18	-0.06	-0.04	-0.05
Common Stock	-0.01	-0.52	0.79	0.71	-0.09	0.91	-0.17	-0.9	0.55	0.25	-0.24	-0.24	-0.54	0.18	0.31	1.0	0.97	0.11	-0.64	0.55	0.66		-0.34	-0.23	-0.2	-0.45
Short Term Debt	0.7	0.52	-0.35	0.11	0.69	-0.24	0.09	0.62	0.34	-0.02	0.83	0.64	0.48	0.09	0.13	-0.32	-0.4	0.23	0.33	0.22	-0.18	-0.34		0.06	0.05	0.77
Property Plant And Equipment Net	0.17	0.67	-0.6	-0.32	0.19	-0.28	-0.22	0.17	-0.22	0.28	0.2	-0.52	0.7	0.28	0.19	-0.2	-0.32	0.48	-0.05	-0.07	-0.06	-0.23	0.06		1.0	0.11
Property Plant And Equipment Gross	0.18	0.65	-0.59	-0.3	0.19	-0.25	-0.23	0.14	-0.19	0.29	0.2	-0.53	0.68	0.29	0.2	-0.17	-0.29	0.51	-0.09	-0.04	-0.04	-0.2	0.05	1.0		0.11
Property Plant Equipment	0.84	0.52	-0.49	-0.15	0.87	-0.42	-0.2	0.77	0.35	0.17	0.94	0.71	0.53	0.3	0.19	-0.43	-0.52	0.14	0.26	-0.11	-0.05	-0.45	0.77	0.11	0.11

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EVE Health Account Relationship Matchups

EVE Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.1M	11.9M	8.1M	4.1M	2.5M	2.4M
Short Long Term Debt Total	584.3K	1.0M	492.4K	4.3K	74.9K	71.1K
Other Current Liab	131.2K	289.7K	309.0K	750.6K	959.4K	1.0M
Total Current Liabilities	581.8K	951.5K	743.1K	1.0M	1.3M	656.0K
Total Stockholder Equity	13.0M	10.2M	6.9M	3.1M	1.2M	1.2M
Net Debt	(4.6M)	(2.1M)	(610.0K)	(188.2K)	(31.3K)	(32.9K)
Retained Earnings	(20.3M)	(23.8M)	(29.1M)	(33.1M)	(34.8M)	(33.1M)
Accounts Payable	404.8K	431.5K	338.4K	254.2K	264.8K	295.4K
Cash	5.1M	3.2M	1.1M	192.5K	106.2K	100.9K
Non Current Assets Total	7.3M	7.2M	5.4M	13.2K	179.0	170.05
Non Currrent Assets Other	(217.5K)	(6.9M)	(6.9M)	(5.0M)	(13.2K)	0.0
Cash And Short Term Investments	5.1M	3.2M	1.1M	192.5K	106.2K	100.9K
Net Receivables	923.5K	352.4K	250.7K	115.7K	78.7K	74.8K
Common Stock Shares Outstanding	3.7B	4.6B	4.0B	5.2B	5.3B	5.5B
Liabilities And Stockholders Equity	14.1M	11.9M	8.1M	4.1M	2.5M	2.4M
Non Current Liabilities Total	76.8K	722.7K	538.5K	784.6K	396.6K	0.0
Other Stockholder Equity	(14.8M)	(12.0M)	(8.8M)	(5.0M)	(4.5M)	(4.7M)
Total Liab	1.1M	1.7M	1.1M	1.0M	1.3M	835.7K
Total Current Assets	6.8M	4.7M	2.7M	4.1M	2.5M	2.8M
Accumulated Other Comprehensive Income	297.5K	343.3K	415.3K	431.9K	194.0K	184.3K
Common Stock	33.0M	33.6M	35.6M	35.8M	41.2M	43.3M
Short Term Debt	45.8K	230.3K	95.7K	4.3K	74.9K	71.1K
Property Plant And Equipment Net	4.8M	5.2M	4.5M	13.2K	179.0	170.05
Property Plant And Equipment Gross	4.8M	5.7M	5.2M	26.5K	179.0	170.05
Property Plant Equipment	4.8M	5.2M	4.5M	11.1K	10.0K	9.5K
Other Current Assets	303.3K	202.6K	201.5K	3.3M	2.2M	2.3M
Inventory	766.6K	1.2M	1.4M	522.9K	141.5K	134.5K
Net Tangible Assets	12.0M	9.3M	6.8M	3.1M	3.6M	6.4M
Long Term Investments	1.8M	1.2M	701.0K	359.9K	323.9K	307.7K
Net Invested Capital	13.5M	10.7M	7.4M	4.6M	1.3M	1.2M
Cash And Equivalents	340.3K	5.1M	3.2M	1.1M	1.3M	1.2M
Net Working Capital	6.2M	3.7M	2.0M	4.1M	1.2M	1.2M
Current Deferred Revenue	(45.8K)	(230.3K)	(95.7K)	(1.0)	326K	342.3K

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