EMCORE Cash And Short Term Investments vs Non Current Liabilities Total Analysis
EMKR Stock | USD 0.81 0.01 1.22% |
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 Non Current Liabilities Total 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 tightly coupled 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 Non Current Liabilities Total
Cash And Short Term Investments vs Non Current Liabilities Total 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 Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between EMCORE's Cash And Short Term Investments and Non Current Liabilities Total is -0.3. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Current Liabilities Total 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 Non Current Liabilities Total 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 Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Cash And Short Term Investments i.e., EMCORE's Cash And Short Term Investments and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.3 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.Non Current Liabilities Total
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 tightly coupled 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 06/01/2024, 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
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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 |
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Try AI Portfolio ArchitectCheck 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 tightly coupled 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.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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Is EMCORE's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EMCORE. If investors know EMCORE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EMCORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.25) | Earnings Share (6.72) | Revenue Per Share 12.9 | Quarterly Revenue Growth (0.19) | Return On Assets (0.06) |
The market value of EMCORE is measured differently than its book value, which is the value of EMCORE that is recorded on the company's balance sheet. Investors also form their own opinion of EMCORE's value that differs from its market value or its book value, called intrinsic value, which is EMCORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EMCORE's market value can be influenced by many factors that don't directly affect EMCORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EMCORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.