Equillium Long Term Debt vs Other Liab Analysis
EQ Stock | USD 0.80 0.10 11.11% |
Equillium financial indicator trend analysis is much more than just examining Equillium latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equillium is a good investment. Please check the relationship between Equillium Long Term Debt and its Other Liab accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equillium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. To learn how to invest in Equillium Stock, please use our How to Invest in Equillium guide.
Long Term Debt vs Other Liab
Long Term Debt vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equillium Long Term Debt account and Other Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Equillium's Long Term Debt and Other Liab is -0.31. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Other Liab in the same time period over historical financial statements of Equillium, assuming nothing else is changed. The correlation between historical values of Equillium's Long Term Debt and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Equillium are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Long Term Debt i.e., Equillium's Long Term Debt and Other Liab go up and down completely randomly.
Correlation Coefficient | -0.31 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Equillium has held for over one year. Long-term debt appears on Equillium balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Equillium balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Other Liab
Most indicators from Equillium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equillium 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 Equillium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. To learn how to invest in Equillium Stock, please use our How to Invest in Equillium guide.As of 06/09/2024, Selling General Administrative is likely to drop to about 10.3 M. In addition to that, Tax Provision is likely to drop to about 319 K
2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 37.8M | 54.8M | 50.6M | 38.1M | Depreciation And Amortization | 72K | 46.1M | 126K | 119.7K |
Equillium fundamental ratios Correlations
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Equillium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equillium fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 55.5M | 85.4M | 85.4M | 78.4M | 50.5M | 67.5M | |
Short Long Term Debt Total | 9.7M | 8.3M | 10.0M | 10.2M | 824K | 782.8K | |
Other Current Liab | 2.0M | 2.8M | 5.9M | (6.1M) | 6.7M | 7.0M | |
Total Current Liabilities | 3.9M | 7.2M | 8.9M | 32.0M | 27.6M | 29.0M | |
Total Stockholder Equity | 41.8M | 69.9M | 66.5M | 31.9M | 22.6M | 21.4M | |
Other Liab | 200K | 127K | 54K | 10.4M | 11.9M | 12.5M | |
Net Tangible Assets | 41.8M | 69.9M | 66.5M | 31.9M | 36.7M | 50.0M | |
Property Plant And Equipment Net | 93K | 239K | 1.6M | 1.2M | 1.1M | 682.7K | |
Net Debt | (3.5M) | (15.7M) | (40.4M) | (48.9M) | (22.4M) | (23.5M) | |
Retained Earnings | (41.1M) | (70.9M) | (110.0M) | (172.4M) | (185.7M) | (176.5M) | |
Accounts Payable | 1.9M | 2.8M | 1.2M | 17.3M | 4.7M | 4.6M | |
Cash | 13.2M | 24.0M | 50.4M | 59.1M | 23.2M | 32.3M | |
Non Current Assets Total | 108K | 254K | 1.6M | 1.2M | 1.2M | 698.4K | |
Non Currrent Assets Other | (93K) | (239K) | 153K | 104K | 70K | 73.5K | |
Long Term Debt | 9.7M | 8.3M | 8.8M | 3.2M | 3.7M | 7.0M | |
Cash And Short Term Investments | 53.1M | 82.2M | 80.7M | 71.0M | 40.9M | 63.0M | |
Common Stock Shares Outstanding | 17.4M | 20.4M | 28.8M | 33.7M | 34.7M | 25.8M | |
Short Term Investments | 39.9M | 58.2M | 30.3M | 11.9M | 17.7M | 22.3M | |
Liabilities And Stockholders Equity | 55.5M | 85.4M | 85.4M | 78.4M | 50.5M | 67.5M | |
Non Current Liabilities Total | 9.8M | 8.3M | 10.0M | 14.4M | 384K | 364.8K | |
Capital Surpluse | 80.4M | 82.9M | 141.1M | 176.6M | 203.1M | 105.8M | |
Other Current Assets | 2.4M | 3.3M | 3.0M | 3.4M | 2.2M | 2.4M | |
Other Stockholder Equity | 82.9M | 141.1M | 176.6M | 204.3M | 208.2M | 140.4M | |
Total Liab | 13.7M | 15.6M | 18.9M | 46.5M | 28.0M | 21.1M | |
Net Invested Capital | 51.5M | 79.8M | 8.8M | 40.9M | 22.6M | 31.3M | |
Property Plant And Equipment Gross | 93K | 239K | 1.6M | 1.2M | 1.5M | 739.9K | |
Total Current Assets | 55.5M | 85.4M | 83.8M | 77.2M | 49.3M | 66.9M | |
Accumulated Other Comprehensive Income | 21K | (297K) | (138K) | 76K | 140K | 147K | |
Non Current Liabilities Other | 127K | 54K | 1.2M | 4.1M | 4.7M | 4.9M | |
Net Working Capital | 51.5M | 77.9M | 74.8M | 44.7M | 21.8M | 20.7M | |
Common Stock | 789.0 | 1K | 2K | 3K | 3.5K | 1.9K | |
Property Plant Equipment | 93K | 239K | 237K | 1.6M | 1.8M | 1.9M | |
Other Assets | (108K) | (254K) | 153K | 3.4M | 1.0 | 0.95 |
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