EMCORE Cash And Short Term Investments vs Net Debt Analysis

EMKR Stock

USD 0.88 0.04 4.76%

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 Net Debt 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 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 EMCORE 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 EMCORE's Cash And Short Term Investments and Net Debt is -0.92. 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 EMCORE, assuming nothing else is changed. The correlation between historical values of EMCORE'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 EMCORE 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., EMCORE's Cash And Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.92

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

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.

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 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 06/06/2024, 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

Gross Profit Total Revenue

EMCORE fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Good Will	Short Term Debt	Intangible Assets	Common Stock Total Equity
Total Assets		0.36	0.36	0.54	0.8	0.61	-0.07	-0.81	0.5	0.25	0.63	0.15	0.26	0.79	0.36	0.17	0.74	0.55	-0.3	0.58	0.61	0.74	0.5	0.34	0.15	0.77
Short Long Term Debt Total	0.36		0.44	0.32	0.08	0.72	0.72	-0.38	0.24	-0.46	0.76	0.24	-0.4	0.46	-0.41	0.89	0.62	-0.28	-0.01	0.71	0.72	-0.03	0.32	-0.04	0.82	0.24
Other Current Liab	0.36	0.44		0.88	-0.18	0.73	0.68	-0.36	0.75	-0.67	0.76	-0.13	-0.67	0.76	-0.01	0.15	0.49	0.39	0.46	0.86	0.73	-0.18	0.71	0.53	0.15	0.21
Total Current Liabilities	0.54	0.32	0.88		0.05	0.63	0.45	-0.43	0.91	-0.43	0.73	0.07	-0.42	0.82	0.36	-0.04	0.51	0.58	0.46	0.86	0.63	0.08	0.81	0.75	0.01	0.25
Total Stockholder Equity	0.8	0.08	-0.18	0.05		0.16	-0.51	-0.68	0.04	0.69	0.16	0.13	0.71	0.42	0.38	0.0	0.45	0.3	-0.62	0.03	0.16	0.94	-0.01	0.07	-0.05	0.72
Property Plant And Equipment Net	0.61	0.72	0.73	0.63	0.16		0.68	-0.56	0.57	-0.54	0.94	0.03	-0.53	0.73	-0.26	0.56	0.82	0.3	0.05	0.86	1.0	0.0	0.66	0.16	0.51	0.42
Net Debt	-0.07	0.72	0.68	0.45	-0.51	0.68		0.0	0.36	-0.94	0.7	0.08	-0.92	0.34	-0.48	0.59	0.38	-0.15	0.47	0.69	0.69	-0.62	0.48	0.08	0.59	-0.16
Retained Earnings	-0.81	-0.38	-0.36	-0.43	-0.68	-0.56	0.0		-0.4	-0.18	-0.5	-0.25	-0.2	-0.68	-0.18	-0.25	-0.76	-0.33	0.57	-0.5	-0.56	-0.67	-0.17	-0.1	-0.2	-0.92
Accounts Payable	0.5	0.24	0.75	0.91	0.04	0.57	0.36	-0.4		-0.35	0.61	0.16	-0.34	0.74	0.25	-0.03	0.55	0.63	0.34	0.79	0.57	0.13	0.68	0.52	-0.07	0.21
Cash	0.25	-0.46	-0.67	-0.43	0.69	-0.54	-0.94	-0.18	-0.35		-0.55	-0.02	0.99	-0.22	0.4	-0.34	-0.19	0.05	-0.61	-0.56	-0.54	0.79	-0.49	-0.14	-0.37	0.33
Non Current Assets Total	0.63	0.76	0.76	0.73	0.16	0.94	0.7	-0.5	0.61	-0.55		0.14	-0.54	0.77	-0.06	0.5	0.75	0.32	0.21	0.91	0.95	0.0	0.79	0.38	0.53	0.35
Non Currrent Assets Other	0.15	0.24	-0.13	0.07	0.13	0.03	0.08	-0.25	0.16	-0.02	0.14		0.0	0.03	0.23	0.22	0.38	-0.08	-0.18	0.16	0.03	0.13	0.05	-0.05	0.41	0.22
Cash And Short Term Investments	0.26	-0.4	-0.67	-0.42	0.71	-0.53	-0.92	-0.2	-0.34	0.99	-0.54	0.0		-0.2	0.37	-0.3	-0.17	0.0	-0.62	-0.54	-0.53	0.8	-0.51	-0.15	-0.35	0.31
Net Receivables	0.79	0.46	0.76	0.82	0.42	0.73	0.34	-0.68	0.74	-0.22	0.77	0.03	-0.2		0.27	0.14	0.73	0.52	0.12	0.8	0.73	0.39	0.67	0.55	0.06	0.57
Common Stock Shares Outstanding	0.36	-0.41	-0.01	0.36	0.38	-0.26	-0.48	-0.18	0.25	0.4	-0.06	0.23	0.37	0.27		-0.67	-0.12	0.59	0.15	-0.02	-0.26	0.43	0.35	0.73	-0.48	0.19
Non Current Liabilities Total	0.17	0.89	0.15	-0.04	0.0	0.56	0.59	-0.25	-0.03	-0.34	0.5	0.22	-0.3	0.14	-0.67		0.54	-0.47	-0.23	0.46	0.56	-0.08	0.01	-0.45	0.89	0.2
Inventory	0.74	0.62	0.49	0.51	0.45	0.82	0.38	-0.76	0.55	-0.19	0.75	0.38	-0.17	0.73	-0.12	0.54		0.27	-0.28	0.73	0.82	0.39	0.42	0.0	0.5	0.72
Other Current Assets	0.55	-0.28	0.39	0.58	0.3	0.3	-0.15	-0.33	0.63	0.05	0.32	-0.08	0.0	0.52	0.59	-0.47	0.27		0.12	0.33	0.3	0.29	0.59	0.51	-0.44	0.31
Other Stockholder Equity	-0.3	-0.01	0.46	0.46	-0.62	0.05	0.47	0.57	0.34	-0.61	0.21	-0.18	-0.62	0.12	0.15	-0.23	-0.28	0.12		0.3	0.05	-0.61	0.59	0.61	-0.13	-0.66
Total Liab	0.58	0.71	0.86	0.86	0.03	0.86	0.69	-0.5	0.79	-0.56	0.91	0.16	-0.54	0.8	-0.02	0.46	0.73	0.33	0.3		0.86	0.01	0.76	0.43	0.45	0.33
Property Plant And Equipment Gross	0.61	0.72	0.73	0.63	0.16	1.0	0.69	-0.56	0.57	-0.54	0.95	0.03	-0.53	0.73	-0.26	0.56	0.82	0.3	0.05	0.86		0.0	0.66	0.16	0.51	0.42
Total Current Assets	0.74	-0.03	-0.18	0.08	0.94	0.0	-0.62	-0.67	0.13	0.79	0.0	0.13	0.8	0.39	0.43	-0.08	0.39	0.29	-0.61	0.01	0.0		-0.12	0.07	-0.15	0.72
Good Will	0.5	0.32	0.71	0.81	-0.01	0.66	0.48	-0.17	0.68	-0.49	0.79	0.05	-0.51	0.67	0.35	0.01	0.42	0.59	0.59	0.76	0.66	-0.12		0.74	0.13	0.07
Short Term Debt	0.34	-0.04	0.53	0.75	0.07	0.16	0.08	-0.1	0.52	-0.14	0.38	-0.05	-0.15	0.55	0.73	-0.45	0.0	0.51	0.61	0.43	0.16	0.07	0.74		-0.28	-0.01
Intangible Assets	0.15	0.82	0.15	0.01	-0.05	0.51	0.59	-0.2	-0.07	-0.37	0.53	0.41	-0.35	0.06	-0.48	0.89	0.5	-0.44	-0.13	0.45	0.51	-0.15	0.13	-0.28		0.18
Common Stock Total Equity	0.77	0.24	0.21	0.25	0.72	0.42	-0.16	-0.92	0.21	0.33	0.35	0.22	0.31	0.57	0.19	0.2	0.72	0.31	-0.66	0.33	0.42	0.72	0.07	-0.01	0.18

Click cells to compare fundamentals

EMCORE Account Relationship Matchups

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 Architect

Additional 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.

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

EMCORE Cash And Short Term Investments vs Net Debt Analysis

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Debt

EMCORE fundamental ratios Correlations

EMCORE Account Relationship Matchups

High Positive Relationship

High Negative Relationship

EMCORE fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for EMCORE Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.99	Cash
Property Plant And Equipment Gross	+ 0.95	Non Current Assets Total
Total Current Assets	+ 0.94	Total Stockholder Equity
Non Current Assets Total	+ 0.94	Property Plant And Equipment Net
Accounts Payable	+ 0.91	Total Current Liabilities

Cash	- 0.94	Net Debt
Common Stock Total Equity	- 0.92	Retained Earnings
Cash And Short Term Investments	- 0.92	Net Debt
Retained Earnings	- 0.81	Total Assets
Inventory	- 0.76	Retained Earnings
Net Receivables	- 0.68	Retained Earnings