EMCORE Non Current Assets Total vs Total Current Liabilities 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 Non Current Assets Total and its Total Current Liabilities 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.

Non Current Assets Total vs Total Current Liabilities

Non Current Assets Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EMCORE Non Current Assets Total account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between EMCORE's Non Current Assets Total and Total Current Liabilities is 0.73. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of EMCORE, assuming nothing else is changed. The correlation between historical values of EMCORE's Non Current Assets Total 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 Non Current Assets Total of EMCORE 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 Non Current Assets Total i.e., EMCORE's Non Current Assets Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on EMCORE balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of EMCORE 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 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

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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

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EMCORE Non Current Assets Total vs Total Current Liabilities Analysis

Non Current Assets Total vs Total Current Liabilities

Non Current Assets Total vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Total Current Liabilities

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