EMCORE Cash And Short Term Investments vs Cash Analysis
EMKR Stock | USD 0.89 0.07 8.54% |
EMCORE financial indicator trend analysis is much more than just examining EMCORE latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EMCORE is a good investment. Please check the relationship between EMCORE Cash And Short Term Investments and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMCORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.
Cash And Short Term Investments vs Cash
Cash And Short Term Investments vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EMCORE Cash And Short Term Investments account and Cash. At this time, the significance of the direction appears to have totally related.
The correlation between EMCORE's Cash And Short Term Investments and Cash is 0.99. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of EMCORE, assuming nothing else is changed. The correlation between historical values of EMCORE's Cash And Short Term Investments and Cash 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 EMCORE are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Cash And Short Term Investments i.e., EMCORE's Cash And Short Term Investments and Cash go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of EMCORE balance sheet. This account contains EMCORE investments that will expire within one year. These investments include stocks and bonds that can be liquidated by EMCORE 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.Cash
Cash refers to the most liquid asset of EMCORE, which is listed under current asset account on EMCORE balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from EMCORE customers. The amounts must be unrestricted with restricted cash listed in a different EMCORE account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from EMCORE's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EMCORE 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 EMCORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.At this time, EMCORE's Tax Provision is relatively stable compared to the past year. As of 06/12/2024, Issuance Of Capital Stock is likely to grow to about 41.4 M, while Selling General Administrative is likely to drop slightly above 31.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 29.7M | 23.4M | 26.9M | 31.1M | Total Revenue | 124.1M | 97.7M | 112.4M | 135.5M |
EMCORE fundamental ratios Correlations
Click cells to compare fundamentals
EMCORE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EMCORE fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 126.2M | 180.8M | 189.1M | 142.9M | 128.6M | 145.7M | |
Short Long Term Debt Total | 21.2M | 13.9M | 39.3M | 34.5M | 31.1M | 40.6M | |
Other Current Liab | 11.1M | 9.6M | 8.1M | 13.6M | 12.2M | 10.0M | |
Total Current Liabilities | 29.1M | 27.8M | 29.2M | 28.8M | 33.1M | 43.0M | |
Total Stockholder Equity | 74.1M | 137.5M | 118.8M | 79.2M | 91.1M | 114.4M | |
Property Plant And Equipment Net | 35.6M | 36.0M | 61.1M | 37.1M | 33.4M | 39.5M | |
Net Debt | (9.2M) | (57.7M) | 13.7M | 8.3M | 7.5M | 7.9M | |
Retained Earnings | (623.4M) | (597.8M) | (622.1M) | (698.5M) | (628.7M) | (660.1M) | |
Accounts Payable | 16.5M | 16.7M | 12.7M | 9.7M | 11.1M | 18.5M | |
Cash | 30.4M | 71.6M | 25.6M | 26.2M | 30.1M | 35.0M | |
Non Current Assets Total | 36.1M | 36.5M | 93.9M | 51.9M | 46.7M | 59.5M | |
Non Currrent Assets Other | 242K | 225K | 2.4M | 2.6M | 2.3M | 2.2M | |
Cash And Short Term Investments | 30.4M | 71.6M | 25.6M | 26.2M | 30.1M | 48.7M | |
Net Receivables | 26.9M | 32.2M | 24.9M | 24.0M | 27.6M | 29.6M | |
Common Stock Shares Outstanding | 2.9M | 3.6M | 3.7M | 5.2M | 5.9M | 5.6M | |
Liabilities And Stockholders Equity | 126.2M | 180.8M | 189.1M | 142.9M | 128.6M | 145.7M | |
Non Current Liabilities Total | 23.0M | 15.5M | 41.0M | 34.8M | 31.3M | 30.6M | |
Inventory | 25.5M | 32.3M | 37.0M | 28.9M | 33.2M | 29.4M | |
Other Current Assets | 7.3M | 8.2M | 7.6M | 556K | 639.4K | 607.4K | |
Total Liab | 52.1M | 43.3M | 70.3M | 63.6M | 57.3M | 62.1M | |
Property Plant And Equipment Gross | 35.6M | 36.0M | 61.1M | 37.1M | 33.4M | 39.6M | |
Total Current Assets | 90.1M | 144.3M | 95.2M | 91.0M | 104.6M | 117.3M | |
Accumulated Other Comprehensive Income | 918K | 687K | 1.3M | 350K | 402.5K | 422.6K | |
Short Term Debt | 992K | 1.2M | 3.1M | 3.9M | 4.5M | 8.0M | |
Intangible Assets | 202K | 167K | 14.8M | 12.2M | 11.0M | 7.1M | |
Common Stock Total Equity | 734.1M | 739.9M | 744.4M | 782.3M | 899.6M | 635.9M | |
Common Stock | 744.4M | 782.3M | 787.3M | 825.1M | 948.9M | 658.3M | |
Other Liab | 2.1M | 2.8M | 2.8M | 4.8M | 4.3M | 2.7M | |
Other Assets | 62K | 242K | 225K | 2.4M | 2.1M | 3.5M | |
Property Plant Equipment | 37.2M | 21.1M | 22.5M | 61.1M | 55.0M | 42.6M | |
Current Deferred Revenue | 502K | 364K | 5.3M | 1.6M | 1.5M | 1.4M | |
Net Tangible Assets | 76.4M | 73.9M | 137.2M | 86.1M | 99.1M | 103.7M | |
Retained Earnings Total Equity | (580.4M) | (616.4M) | (623.4M) | (597.8M) | (538.0M) | (564.9M) | |
Non Current Liabilities Other | 23.0M | 15.5M | 106K | 8K | 7.2K | 6.8K |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectAdditional Tools for EMCORE Stock Analysis
When running EMCORE's price analysis, check to measure EMCORE'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 EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.