Electrovaya Total Assets vs Capital Stock Analysis
| ELVA Stock | 2.13 0.04 1.91% |
Electrovaya Common financial indicator trend analysis is much more than just examining Electrovaya Common Shares latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electrovaya Common Shares is a good investment. Please check the relationship between Electrovaya Common Total Assets and its Capital Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrovaya Common Shares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Total Assets vs Capital Stock
Total Assets vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electrovaya Common Shares Total Assets account and Capital Stock. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Electrovaya Common's Total Assets and Capital Stock is 0.43. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Electrovaya Common Shares, assuming nothing else is changed. The correlation between historical values of Electrovaya Common's Total Assets and Capital Stock 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 Assets of Electrovaya Common Shares are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Total Assets i.e., Electrovaya Common's Total Assets and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.43 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Electrovaya Common assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Electrovaya Common Shares books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Most indicators from Electrovaya Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electrovaya Common Shares 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 Electrovaya Common Shares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. At present, Electrovaya Common's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 107.5 M, whereas Selling General Administrative is forecasted to decline to about 3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 15.6M | 43.4M | 49.9M | 52.4M | Depreciation And Amortization | 464.4K | 900.4K | 810.3K | 663.7K |
Electrovaya Common fundamental ratios Correlations
Click cells to compare fundamentals
Electrovaya Common Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Electrovaya Common fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 10.6M | 15.0M | 22.2M | 36.5M | 32.9M | 16.7M | |
| Other Current Liab | (86K) | 351K | (1.1M) | (4.6M) | (4.1M) | (3.9M) | |
| Total Current Liabilities | 16.5M | 13.5M | 22.7M | 26.6M | 30.6M | 32.1M | |
| Total Stockholder Equity | (8.7M) | (1.7M) | (6.7M) | 7.1M | 6.4M | 8.6M | |
| Property Plant And Equipment Net | 2.5M | 2.9M | 7.3M | 10.1M | 9.1M | 5.7M | |
| Net Debt | 11.7M | 7.3M | 22.5M | 18.0M | 20.7M | 21.7M | |
| Retained Earnings | (119.5M) | (127.1M) | (129.0M) | (130.5M) | (117.4M) | (111.5M) | |
| Accounts Payable | 2.2M | 1.7M | 3.1M | 6.0M | 7.0M | 7.3M | |
| Cash | 1.1M | 4.2M | 626K | 1.0M | 928.8K | 882.4K | |
| Non Current Assets Total | 2.6M | 2.9M | 7.4M | 10.6M | 9.5M | 6.2M | |
| Cash And Short Term Investments | 1.1M | 4.2M | 626K | 1.0M | 928.8K | 882.4K | |
| Net Receivables | 2.5M | 1.3M | 2.9M | 10.6M | 12.2M | 12.8M | |
| Common Stock Shares Outstanding | 23.9M | 28.0M | 5.9M | 33.8M | 38.9M | 40.9M | |
| Liabilities And Stockholders Equity | 10.6M | 15.0M | 22.2M | 36.5M | 32.9M | 16.7M | |
| Inventory | 2.0M | 4.7M | 7.4M | 8.3M | 9.5M | 10.0M | |
| Other Current Assets | 2.4M | 1.8M | 4.2M | 6.0M | 6.9M | 7.2M | |
| Other Stockholder Equity | 11.3M | 9.6M | 10.8M | 13.2M | 11.9M | 23.6M | |
| Total Liab | 19.4M | 16.7M | 28.9M | 29.4M | 33.8M | 35.5M | |
| Total Current Assets | 8.1M | 12.0M | 14.8M | 25.9M | 23.3M | 24.5M | |
| Non Current Liabilities Total | 2.9M | 3.2M | 6.2M | 2.8M | 3.2M | 3.3M | |
| Accumulated Other Comprehensive Income | 13.4M | 13.3M | 6.1M | 8.6M | 9.9M | 7.1M | |
| Short Long Term Debt Total | 12.8M | 11.5M | 23.1M | 19.0M | 21.9M | 12.4M | |
| Current Deferred Revenue | 2.1M | 1.0M | 70K | 2.4M | 2.1M | 1.2M | |
| Common Stock | 86.1M | 102.5M | 103.3M | 115.0M | 132.3M | 89.6M | |
| Short Term Debt | 10.1M | 8.8M | 17.4M | 16.7M | 19.2M | 10.7M | |
| Net Invested Capital | 1.2M | 6.9M | 10.7M | 23.5M | 27.0M | 28.3M | |
| Short Long Term Debt | 10.0M | 8.6M | 16.6M | 16.3M | 18.7M | 14.1M | |
| Capital Stock | 86.1M | 102.5M | 103.3M | 115.0M | 132.3M | 107.8M | |
| Net Working Capital | (8.4M) | (1.4M) | (5.7M) | (705K) | (810.8K) | (851.3K) |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Electrovaya Common Shares offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Electrovaya Common'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 Electrovaya Common Shares Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Electrovaya Common Shares Stock:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrovaya Common Shares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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 Electrovaya Common. If investors know Electrovaya 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 Electrovaya Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.02 | Revenue Per Share 1.433 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0318 | Return On Equity 0.087 |
The market value of Electrovaya Common Shares is measured differently than its book value, which is the value of Electrovaya that is recorded on the company's balance sheet. Investors also form their own opinion of Electrovaya Common's value that differs from its market value or its book value, called intrinsic value, which is Electrovaya Common'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 Electrovaya Common's market value can be influenced by many factors that don't directly affect Electrovaya Common'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 Electrovaya Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrovaya Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrovaya Common'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.