Erasca Cash And Short Term Investments vs Net Debt Analysis
ERAS Stock | USD 2.54 0.09 3.67% |
Erasca financial indicator trend analysis is much more than just examining Erasca Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Erasca Inc is a good investment. Please check the relationship between Erasca Cash And Short Term Investments and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erasca Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Cash And Short Term Investments vs Net Debt
Cash And Short Term Investments vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Erasca Inc Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Erasca's Cash And Short Term Investments and Net Debt is -0.82. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Erasca Inc, assuming nothing else is changed. The correlation between historical values of Erasca's Cash And Short Term Investments and Net Debt 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 And Short Term Investments of Erasca Inc are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Short Term Investments i.e., Erasca's Cash And Short Term Investments and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.82 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Erasca Inc balance sheet. This account contains Erasca investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Erasca Inc 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.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Erasca's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Erasca Inc 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 Erasca Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. Selling General Administrative is likely to drop to about 23.1 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 190K | 4.9M | 15.4M | 16.1M | Net Interest Income | 190K | 4.9M | 15.4M | 16.1M |
Erasca fundamental ratios Correlations
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Erasca Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Erasca Stock Analysis
When running Erasca's price analysis, check to measure Erasca'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 Erasca is operating at the current time. Most of Erasca's value examination focuses on studying past and present price action to predict the probability of Erasca's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erasca's price. Additionally, you may evaluate how the addition of Erasca to your portfolios can decrease your overall portfolio volatility.