Erasca Income Quality vs Free Cash Flow Yield 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 Income Quality and its Free Cash Flow Yield 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.

Income Quality vs Free Cash Flow Yield

Income Quality vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Erasca Inc Income Quality account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak relationship.

The correlation between Erasca's Income Quality and Free Cash Flow Yield is 0.39. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Free Cash Flow Yield 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 Income Quality and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Erasca Inc are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Income Quality i.e., Erasca's Income Quality and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.39

Relationship Direction	Positive
Relationship Strength	Very Weak

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Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

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 Income Quality vs Free Cash Flow Yield Analysis

Income Quality vs Free Cash Flow Yield

Income Quality vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Income Quality

Free Cash Flow Yield

Erasca fundamental ratios Correlations

Erasca Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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