ESS Total Current Liabilities vs Cash And Short Term Investments Analysis
| GWH Stock | USD 5.97 0.12 2.05% |
ESS Tech financial indicator trend analysis is much more than just examining ESS Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ESS Tech is a good investment. Please check the relationship between ESS Tech Total Current Liabilities and its Cash And Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ESS Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. For more detail on how to invest in ESS Stock please use our How to Invest in ESS Tech guide.
Total Current Liabilities vs Cash And Short Term Investments
Total Current Liabilities vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ESS Tech Total Current Liabilities account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between ESS Tech's Total Current Liabilities and Cash And Short Term Investments is 0.76. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of ESS Tech, assuming nothing else is changed. The correlation between historical values of ESS Tech's Total Current Liabilities and Cash And Short Term Investments 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 Current Liabilities of ESS Tech are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Liabilities i.e., ESS Tech's Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.76 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on ESS Tech balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of ESS Tech 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of ESS Tech balance sheet. This account contains ESS Tech investments that will expire within one year. These investments include stocks and bonds that can be liquidated by ESS Tech fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from ESS Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ESS Tech 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ESS Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. For more detail on how to invest in ESS Stock please use our How to Invest in ESS Tech guide.The ESS Tech's current Enterprise Value is estimated to increase to about 2.9 B, while Selling General Administrative is projected to decrease to under 18 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 572K | 2.7M | 6.5M | 6.8M | Interest Income | 225.1M | 2.2M | 5.3M | 5.0M |
ESS Tech fundamental ratios Correlations
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ESS Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When determining whether ESS Tech offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ESS Tech's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ess Tech Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ess Tech Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ESS Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. For more detail on how to invest in ESS Stock please use our How to Invest in ESS Tech guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Electrical Components & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ESS Tech. If investors know ESS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ESS Tech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.62) | Revenue Per Share 0.654 | Quarterly Revenue Growth (0.88) | Return On Assets (0.42) | Return On Equity (0.88) |
The market value of ESS Tech is measured differently than its book value, which is the value of ESS that is recorded on the company's balance sheet. Investors also form their own opinion of ESS Tech's value that differs from its market value or its book value, called intrinsic value, which is ESS Tech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ESS Tech's market value can be influenced by many factors that don't directly affect ESS Tech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ESS Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESS Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESS Tech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.