Equillium Other Current Assets vs Cash And Short Term Investments 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 Other Current Assets and its Cash And Short Term Investments 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.
Other Current Assets vs Cash And Short Term Investments
Other Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equillium Other Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Equillium's Other Current Assets and Cash And Short Term Investments is 0.95. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Equillium, assuming nothing else is changed. The correlation between historical values of Equillium's Other Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Equillium are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Equillium's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Equillium balance sheet. This account contains Equillium investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Equillium 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.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
Click cells to compare fundamentals
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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