Eve Cash And Short Term Investments vs Total Current Liabilities Analysis
| EVEX Stock | USD 4.11 0.08 1.99% |
Eve Holding financial indicator trend analysis is much more than just examining Eve Holding latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eve Holding is a good investment. Please check the relationship between Eve Holding Cash And Short Term Investments and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eve Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy Eve Stock please use our How to Invest in Eve Holding guide.
Cash And Short Term Investments vs Total Current Liabilities
Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eve Holding Cash And Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Eve Holding's Cash And Short Term Investments and Total Current Liabilities is 0.8. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Eve Holding, assuming nothing else is changed. The correlation between historical values of Eve Holding's Cash And Short Term Investments and Total Current Liabilities 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 Eve Holding are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash And Short Term Investments i.e., Eve Holding's Cash And Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.8 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Eve Holding balance sheet. This account contains Eve Holding investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Eve Holding 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.Total Current Liabilities
Total Current Liabilities is an item on Eve Holding balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Eve Holding 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.Most indicators from Eve Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eve Holding 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 Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy Eve Stock please use our How to Invest in Eve Holding guide.At this time, Eve Holding's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 28.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (16.68) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 107.9K | 24.9K | 166.6K | 174.9K | Total Operating Expenses | 15.8M | 78.5M | 128.7M | 135.1M |
Eve Holding fundamental ratios Correlations
Click cells to compare fundamentals
Eve Holding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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.Additional Tools for Eve Stock Analysis
When running Eve Holding's price analysis, check to measure Eve Holding'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 Eve Holding is operating at the current time. Most of Eve Holding's value examination focuses on studying past and present price action to predict the probability of Eve Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eve Holding's price. Additionally, you may evaluate how the addition of Eve Holding to your portfolios can decrease your overall portfolio volatility.