Erasca Total Assets vs Common Stock Shares Outstanding 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 Total Assets and its Common Stock Shares Outstanding 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.

Total Assets vs Common Stock Shares Outstanding

Total Assets vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Erasca Inc Total Assets account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Erasca's Total Assets and Common Stock Shares Outstanding is 0.53. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Common Stock Shares Outstanding 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 Total Assets and Common Stock Shares Outstanding 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 Erasca Inc are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Assets i.e., Erasca's Total Assets and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Assets

Total assets refers to the total amount of Erasca 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 Erasca Inc 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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

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

Interest Income Net Interest Income

Erasca fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.86	0.97	0.95	-0.2	0.94	0.93	-0.79	-0.86	0.65	0.93	0.98	0.97	0.65	1.0	0.94	0.53	0.79	-0.27	0.86	0.99	0.82	0.02	0.97	0.92	1.0
Short Long Term Debt Total	0.86		0.82	0.9	0.0	0.87	0.99	-0.43	-0.93	0.66	0.63	0.87	0.96	0.24	0.83	0.96	0.74	0.96	-0.26	1.0	0.82	0.94	0.02	0.84	0.99	0.86
Other Current Liab	0.97	0.82		0.96	-0.22	0.86	0.88	-0.76	-0.86	0.62	0.9	0.93	0.93	0.6	0.97	0.88	0.5	0.78	-0.03	0.82	0.96	0.77	0.26	0.88	0.87	0.98
Total Current Liabilities	0.95	0.9	0.96		-0.3	0.85	0.94	-0.7	-0.87	0.79	0.85	0.9	0.95	0.43	0.94	0.9	0.48	0.82	-0.11	0.9	0.91	0.84	0.19	0.88	0.93	0.96
Total Stockholder Equity	-0.2	0.0	-0.22	-0.3		0.1	-0.07	0.64	-0.21	-0.69	-0.41	-0.08	-0.1	-0.27	-0.23	-0.04	0.66	0.18	-0.03	0.0	-0.14	0.2	-0.14	-0.19	-0.04	-0.22
Net Tangible Assets	0.94	0.87	0.86	0.85	0.1		0.92	-0.6	-0.92	0.48	0.82	0.96	0.94	0.58	0.93	0.92	0.7	0.81	-0.44	0.87	0.94	0.91	-0.18	0.95	0.91	0.93
Property Plant And Equipment Net	0.93	0.99	0.88	0.94	-0.07	0.92		-0.56	-0.93	0.68	0.74	0.93	0.99	0.37	0.9	0.98	0.69	0.93	-0.29	0.99	0.89	0.93	0.0	0.91	1.0	0.92
Net Debt	-0.79	-0.43	-0.76	-0.7	0.64	-0.6	-0.56		0.38	-0.61	-0.93	-0.74	-0.65	-0.86	-0.82	-0.6	0.07	-0.29	0.27	-0.43	-0.79	-0.33	0.04	-0.79	-0.54	-0.8
Retained Earnings	-0.86	-0.93	-0.86	-0.87	-0.21	-0.92	-0.93	0.38		-0.47	-0.64	-0.87	-0.93	-0.28	-0.84	-0.91	-0.84	-0.94	0.14	-0.93	-0.85	-0.97	-0.11	-0.8	-0.94	-0.86
Accounts Payable	0.65	0.66	0.62	0.79	-0.69	0.48	0.68	-0.61	-0.47		0.64	0.55	0.65	0.16	0.64	0.59	0.01	0.48	-0.19	0.66	0.54	0.54	0.07	0.62	0.66	0.66
Cash	0.93	0.63	0.9	0.85	-0.41	0.82	0.74	-0.93	-0.64	0.64		0.88	0.82	0.81	0.95	0.75	0.21	0.5	-0.29	0.63	0.92	0.61	-0.02	0.91	0.72	0.93
Non Current Assets Total	0.98	0.87	0.93	0.9	-0.08	0.96	0.93	-0.74	-0.87	0.55	0.88		0.97	0.67	0.98	0.96	0.62	0.82	-0.36	0.87	0.99	0.84	-0.09	0.98	0.93	0.98
Non Currrent Assets Other	0.97	0.96	0.93	0.95	-0.1	0.94	0.99	-0.65	-0.93	0.65	0.82	0.97		0.49	0.95	0.99	0.66	0.9	-0.27	0.96	0.95	0.9	0.02	0.94	0.99	0.97
Other Assets	0.65	0.24	0.6	0.43	-0.27	0.58	0.37	-0.86	-0.28	0.16	0.81	0.67	0.49		0.7	0.49	0.04	0.16	-0.37	0.24	0.72	0.2	-0.23	0.7	0.36	0.65
Cash And Short Term Investments	1.0	0.83	0.97	0.94	-0.23	0.93	0.9	-0.82	-0.84	0.64	0.95	0.98	0.95	0.7		0.91	0.48	0.75	-0.26	0.83	0.99	0.79	0.03	0.96	0.89	1.0
Common Stock Total Equity	0.94	0.96	0.88	0.9	-0.04	0.92	0.98	-0.6	-0.91	0.59	0.75	0.96	0.99	0.49	0.91		0.71	0.92	-0.32	0.96	0.93	0.88	-0.05	0.93	0.98	0.93
Common Stock Shares Outstanding	0.53	0.74	0.5	0.48	0.66	0.7	0.69	0.07	-0.84	0.01	0.21	0.62	0.66	0.04	0.48	0.71		0.85	-0.14	0.74	0.55	0.81	0.0	0.5	0.72	0.51
Short Term Investments	0.79	0.96	0.78	0.82	0.18	0.81	0.93	-0.29	-0.94	0.48	0.5	0.82	0.9	0.16	0.75	0.92	0.85		-0.09	0.96	0.77	0.9	0.16	0.73	0.94	0.78
Non Current Liabilities Total	-0.27	-0.26	-0.03	-0.11	-0.03	-0.44	-0.29	0.27	0.14	-0.19	-0.29	-0.36	-0.27	-0.37	-0.26	-0.32	-0.14	-0.09		-0.26	-0.26	-0.31	0.95	-0.5	-0.29	-0.25
Capital Lease Obligations	0.86	1.0	0.82	0.9	0.0	0.87	0.99	-0.43	-0.93	0.66	0.63	0.87	0.96	0.24	0.83	0.96	0.74	0.96	-0.26		0.82	0.94	0.02	0.84	0.99	0.86
Other Current Assets	0.99	0.82	0.96	0.91	-0.14	0.94	0.89	-0.79	-0.85	0.54	0.92	0.99	0.95	0.72	0.99	0.93	0.55	0.77	-0.26	0.82		0.79	0.02	0.96	0.89	0.99
Other Stockholder Equity	0.82	0.94	0.77	0.84	0.2	0.91	0.93	-0.33	-0.97	0.54	0.61	0.84	0.9	0.2	0.79	0.88	0.81	0.9	-0.31	0.94	0.79		-0.06	0.8	0.94	0.82
Total Liab	0.02	0.02	0.26	0.19	-0.14	-0.18	0.0	0.04	-0.11	0.07	-0.02	-0.09	0.02	-0.23	0.03	-0.05	0.0	0.16	0.95	0.02	0.02	-0.06		-0.23	0.0	0.05
Net Invested Capital	0.97	0.84	0.88	0.88	-0.19	0.95	0.91	-0.79	-0.8	0.62	0.91	0.98	0.94	0.7	0.96	0.93	0.5	0.73	-0.5	0.84	0.96	0.8	-0.23		0.9	0.96
Property Plant And Equipment Gross	0.92	0.99	0.87	0.93	-0.04	0.91	1.0	-0.54	-0.94	0.66	0.72	0.93	0.99	0.36	0.89	0.98	0.72	0.94	-0.29	0.99	0.89	0.94	0.0	0.9		0.92
Total Current Assets	1.0	0.86	0.98	0.96	-0.22	0.93	0.92	-0.8	-0.86	0.66	0.93	0.98	0.97	0.65	1.0	0.93	0.51	0.78	-0.25	0.86	0.99	0.82	0.05	0.96	0.92

Click cells to compare fundamentals

Erasca Account Relationship Matchups

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Erasca Total Assets vs Common Stock Shares Outstanding Analysis

Total Assets vs Common Stock Shares Outstanding

Total Assets vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Total Assets

Common Stock Shares Outstanding

Erasca fundamental ratios Correlations

Erasca Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Erasca Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Capital Lease Obligations	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Other Current Assets	+ 0.99	Total Assets

Other Stockholder Equity	- 0.97	Retained Earnings
Property Plant And Equipment Gross	- 0.94	Retained Earnings
Short Term Investments	- 0.94	Retained Earnings
Capital Lease Obligations	- 0.93	Retained Earnings
Non Currrent Assets Other	- 0.93	Retained Earnings
Cash	- 0.93	Net Debt