Erasca Capital Lease Obligations vs Total Current Liabilities Analysis

ERAS Stock

USD 3.11 0.07 2.20%

Erasca financial indicator trend analysis is much more than just examining Erasca Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Erasca Inc is a good investment. Please check the relationship between Erasca Capital Lease Obligations and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erasca Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Capital Lease Obligations vs Total Current Liabilities

Capital Lease Obligations vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Erasca Inc Capital Lease Obligations account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Erasca's Capital Lease Obligations and Total Current Liabilities is 0.9. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Erasca Inc, assuming nothing else is changed. The correlation between historical values of Erasca's Capital Lease Obligations 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 Capital Lease Obligations of Erasca Inc 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 Capital Lease Obligations i.e., Erasca's Capital Lease Obligations and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

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Capital Lease Obligations

Erasca Inc capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Erasca asset purchases. For example, Erasca can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Erasca control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Total Current Liabilities

Total Current Liabilities is an item on Erasca balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Erasca Inc 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 Erasca's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Erasca Inc 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 Erasca Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Selling General Administrative is likely to drop to about 23.1 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

	2021	2022	2023	2024 (projected)
Interest Income	190K	4.9M	15.4M	16.1M
Net Interest Income	190K	4.9M	15.4M	16.1M

Interest Income Net Interest Income

Erasca fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.86	0.8	0.95	-0.2	0.94	0.93	-0.79	-0.86	0.65	0.93	0.98	0.97	0.65	1.0	0.94	0.53	0.79	-0.27	0.86	0.95	0.31	0.02	0.97	0.92	1.0
Short Long Term Debt Total	0.86		0.98	0.9	0.0	0.87	0.99	-0.43	-0.93	0.66	0.63	0.87	0.96	0.24	0.83	0.96	0.74	0.96	-0.26	1.0	0.97	0.6	0.02	0.84	0.99	0.86
Other Current Liab	0.8	0.98		0.9	-0.06	0.78	0.96	-0.37	-0.9	0.72	0.56	0.79	0.91	0.1	0.76	0.9	0.69	0.95	-0.14	0.98	0.94	0.58	0.13	0.75	0.96	0.8
Total Current Liabilities	0.95	0.9	0.9		-0.3	0.85	0.94	-0.7	-0.87	0.79	0.85	0.9	0.95	0.43	0.94	0.9	0.48	0.82	-0.11	0.9	0.95	0.33	0.19	0.88	0.93	0.96
Total Stockholder Equity	-0.2	0.0	-0.06	-0.3		0.1	-0.07	0.64	-0.21	-0.69	-0.41	-0.08	-0.1	-0.27	-0.23	-0.04	0.66	0.18	-0.03	0.0	-0.08	0.75	-0.14	-0.19	-0.04	-0.22
Net Tangible Assets	0.94	0.87	0.78	0.85	0.1		0.92	-0.6	-0.92	0.48	0.82	0.96	0.94	0.58	0.93	0.92	0.7	0.81	-0.44	0.87	0.93	0.55	-0.18	0.95	0.91	0.93
Property Plant And Equipment Net	0.93	0.99	0.96	0.94	-0.07	0.92		-0.56	-0.93	0.68	0.74	0.93	0.99	0.37	0.9	0.98	0.69	0.93	-0.29	0.99	1.0	0.53	0.0	0.91	1.0	0.92
Net Debt	-0.79	-0.43	-0.37	-0.7	0.64	-0.6	-0.56		0.38	-0.61	-0.93	-0.74	-0.65	-0.86	-0.82	-0.6	0.07	-0.29	0.27	-0.43	-0.6	0.33	0.04	-0.79	-0.54	-0.8
Retained Earnings	-0.86	-0.93	-0.9	-0.87	-0.21	-0.92	-0.93	0.38		-0.47	-0.64	-0.87	-0.93	-0.28	-0.84	-0.91	-0.84	-0.94	0.14	-0.93	-0.94	-0.73	-0.11	-0.8	-0.94	-0.86
Accounts Payable	0.65	0.66	0.72	0.79	-0.69	0.48	0.68	-0.61	-0.47		0.64	0.55	0.65	0.16	0.64	0.59	0.01	0.48	-0.19	0.66	0.66	-0.04	0.07	0.62	0.66	0.66
Cash	0.93	0.63	0.56	0.85	-0.41	0.82	0.74	-0.93	-0.64	0.64		0.88	0.82	0.81	0.95	0.75	0.21	0.5	-0.29	0.63	0.78	0.01	-0.02	0.91	0.72	0.93
Non Current Assets Total	0.98	0.87	0.79	0.9	-0.08	0.96	0.93	-0.74	-0.87	0.55	0.88		0.97	0.67	0.98	0.96	0.62	0.82	-0.36	0.87	0.96	0.38	-0.09	0.98	0.93	0.98
Non Currrent Assets Other	0.97	0.96	0.91	0.95	-0.1	0.94	0.99	-0.65	-0.93	0.65	0.82	0.97		0.49	0.95	0.99	0.66	0.9	-0.27	0.96	1.0	0.46	0.02	0.94	0.99	0.97
Other Assets	0.65	0.24	0.1	0.43	-0.27	0.58	0.37	-0.86	-0.28	0.16	0.81	0.67	0.49		0.7	0.49	0.04	0.16	-0.37	0.24	0.43	-0.25	-0.23	0.7	0.36	0.65
Cash And Short Term Investments	1.0	0.83	0.76	0.94	-0.23	0.93	0.9	-0.82	-0.84	0.64	0.95	0.98	0.95	0.7		0.91	0.48	0.75	-0.26	0.83	0.93	0.26	0.03	0.96	0.89	1.0
Common Stock Total Equity	0.94	0.96	0.9	0.9	-0.04	0.92	0.98	-0.6	-0.91	0.59	0.75	0.96	0.99	0.49	0.91		0.71	0.92	-0.32	0.96	0.99	0.48	-0.05	0.93	0.98	0.93
Common Stock Shares Outstanding	0.53	0.74	0.69	0.48	0.66	0.7	0.69	0.07	-0.84	0.01	0.21	0.62	0.66	0.04	0.48	0.71		0.85	-0.14	0.74	0.68	0.92	0.0	0.5	0.72	0.51
Short Term Investments	0.79	0.96	0.95	0.82	0.18	0.81	0.93	-0.29	-0.94	0.48	0.5	0.82	0.9	0.16	0.75	0.92	0.85		-0.09	0.96	0.92	0.7	0.16	0.73	0.94	0.78
Non Current Liabilities Total	-0.27	-0.26	-0.14	-0.11	-0.03	-0.44	-0.29	0.27	0.14	-0.19	-0.29	-0.36	-0.27	-0.37	-0.26	-0.32	-0.14	-0.09		-0.26	-0.27	-0.11	0.95	-0.5	-0.29	-0.25
Capital Lease Obligations	0.86	1.0	0.98	0.9	0.0	0.87	0.99	-0.43	-0.93	0.66	0.63	0.87	0.96	0.24	0.83	0.96	0.74	0.96	-0.26		0.97	0.6	0.02	0.84	0.99	0.86
Other Current Assets	0.95	0.97	0.94	0.95	-0.08	0.93	1.0	-0.6	-0.94	0.66	0.78	0.96	1.0	0.43	0.93	0.99	0.68	0.92	-0.27	0.97		0.5	0.03	0.92	0.99	0.95
Other Stockholder Equity	0.31	0.6	0.58	0.33	0.75	0.55	0.53	0.33	-0.73	-0.04	0.01	0.38	0.46	-0.25	0.26	0.48	0.92	0.7	-0.11	0.6	0.5		-0.03	0.29	0.55	0.3
Total Liab	0.02	0.02	0.13	0.19	-0.14	-0.18	0.0	0.04	-0.11	0.07	-0.02	-0.09	0.02	-0.23	0.03	-0.05	0.0	0.16	0.95	0.02	0.03	-0.03		-0.23	0.0	0.05
Net Invested Capital	0.97	0.84	0.75	0.88	-0.19	0.95	0.91	-0.79	-0.8	0.62	0.91	0.98	0.94	0.7	0.96	0.93	0.5	0.73	-0.5	0.84	0.92	0.29	-0.23		0.9	0.96
Property Plant And Equipment Gross	0.92	0.99	0.96	0.93	-0.04	0.91	1.0	-0.54	-0.94	0.66	0.72	0.93	0.99	0.36	0.89	0.98	0.72	0.94	-0.29	0.99	0.99	0.55	0.0	0.9		0.92
Total Current Assets	1.0	0.86	0.8	0.96	-0.22	0.93	0.92	-0.8	-0.86	0.66	0.93	0.98	0.97	0.65	1.0	0.93	0.51	0.78	-0.25	0.86	0.95	0.3	0.05	0.96	0.92

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Erasca Capital Lease Obligations vs Total Current Liabilities Analysis

Capital Lease Obligations vs Total Current Liabilities

Capital Lease Obligations vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Capital Lease Obligations

Total Current Liabilities

Erasca fundamental ratios Correlations

Erasca Account Relationship Matchups

High Positive Relationship

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Additional Tools for Erasca Stock Analysis

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Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Capital Lease Obligations	+ 1.0	Short Long Term Debt Total
Other Current Assets	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Other Current Assets	+ 1.0	Non Currrent Assets Other

Property Plant And Equipment Gross	- 0.94	Retained Earnings
Other Current Assets	- 0.94	Retained Earnings
Short Term Investments	- 0.94	Retained Earnings
Capital Lease Obligations	- 0.93	Retained Earnings
Non Currrent Assets Other	- 0.93	Retained Earnings
Cash	- 0.93	Net Debt