EMCORE Total Current Assets 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 Total Current Assets 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.
Total Current Assets vs Total Current Liabilities
Total Current Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EMCORE Total Current Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have no relationship.
The correlation between EMCORE's Total Current Assets and Total Current Liabilities is 0.08. Overlapping area represents the amount of variation of Total Current Assets 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 Total Current Assets 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 Total Current Assets 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 Total Current Assets i.e., EMCORE's Total Current Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.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 |
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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