Enghouse Cost Of Revenue vs Interest Expense Analysis

ENGH Stock  CAD 30.13  0.47  1.54%   
Enghouse Systems financial indicator trend analysis is much more than just examining Enghouse Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enghouse Systems is a good investment. Please check the relationship between Enghouse Systems Cost Of Revenue and its Interest Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enghouse Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Cost Of Revenue vs Interest Expense

Cost Of Revenue vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enghouse Systems Cost Of Revenue account and Interest Expense. At this time, the significance of the direction appears to have strong relationship.
The correlation between Enghouse Systems' Cost Of Revenue and Interest Expense is 0.7. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Enghouse Systems, assuming nothing else is changed. The correlation between historical values of Enghouse Systems' Cost Of Revenue and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Enghouse Systems are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Cost Of Revenue i.e., Enghouse Systems' Cost Of Revenue and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.7
Relationship DirectionPositive 
Relationship StrengthSignificant

Cost Of Revenue

Cost of Revenue is found on Enghouse Systems income statement and represents the costs associated with goods and services Enghouse Systems provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Enghouse Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enghouse Systems 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 Enghouse Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
At this time, Enghouse Systems' Selling General Administrative is very stable compared to the past year. As of the 10th of May 2024, Enterprise Value is likely to grow to about 1.5 B, while Tax Provision is likely to drop about 13.4 M.
 2021 2023 2024 (projected)
Interest Expense735K625.5K1.1M
Depreciation And Amortization46.7M53.7M56.4M

Enghouse Systems fundamental ratios Correlations

0.760.450.991.00.67-0.910.990.950.970.990.970.970.640.660.990.310.980.870.99-0.20.90.99-0.780.930.99
0.760.590.760.740.96-0.710.750.740.780.740.790.680.340.760.760.390.80.830.770.080.730.73-0.430.670.69
0.450.590.510.40.74-0.510.420.580.420.460.450.470.330.810.430.120.560.250.44-0.130.540.54-0.360.610.36
0.990.760.510.980.68-0.880.970.970.950.990.940.970.680.70.990.250.990.830.97-0.180.860.99-0.80.960.98
1.00.740.40.980.64-0.911.00.920.980.990.970.960.620.620.980.350.970.880.99-0.210.90.98-0.760.910.99
0.670.960.740.680.64-0.70.660.70.70.650.720.620.320.850.660.340.730.710.690.020.680.68-0.410.620.58
-0.91-0.71-0.51-0.88-0.91-0.7-0.91-0.84-0.94-0.87-0.95-0.86-0.62-0.73-0.86-0.31-0.88-0.76-0.940.26-0.88-0.920.76-0.78-0.86
0.990.750.420.971.00.66-0.910.910.980.990.970.950.590.620.980.390.960.890.99-0.230.920.98-0.740.90.99
0.950.740.580.970.920.7-0.840.910.880.960.880.980.730.790.950.130.980.740.92-0.190.780.96-0.860.970.92
0.970.780.420.950.980.7-0.940.980.880.951.00.90.560.640.950.380.940.880.99-0.220.920.95-0.70.840.95
0.990.740.460.990.990.65-0.870.990.960.950.940.980.640.650.990.310.980.860.97-0.20.880.98-0.780.950.99
0.970.790.450.940.970.72-0.950.970.881.00.940.90.610.670.930.320.940.860.99-0.160.910.96-0.730.830.93
0.970.680.470.970.960.62-0.860.950.980.90.980.90.710.70.970.220.970.790.95-0.260.820.98-0.860.950.96
0.640.340.330.680.620.32-0.620.590.730.560.640.610.710.630.61-0.460.680.360.640.210.390.7-0.930.70.59
0.660.760.810.70.620.85-0.730.620.790.640.650.670.70.630.650.020.760.50.67-0.070.570.72-0.660.710.57
0.990.760.430.990.980.66-0.860.980.950.950.990.930.970.610.650.330.980.870.97-0.220.870.97-0.760.930.99
0.310.390.120.250.350.34-0.310.390.130.380.310.320.22-0.460.020.330.220.560.31-0.510.550.230.240.140.36
0.980.80.560.990.970.73-0.880.960.980.940.980.940.970.680.760.980.220.820.97-0.170.850.98-0.810.960.95
0.870.830.250.830.880.71-0.760.890.740.880.860.860.790.360.50.870.560.820.87-0.060.840.81-0.50.690.87
0.990.770.440.970.990.69-0.940.990.920.990.970.990.950.640.670.970.310.970.87-0.190.90.98-0.770.890.97
-0.20.08-0.13-0.18-0.210.020.26-0.23-0.19-0.22-0.2-0.16-0.260.21-0.07-0.22-0.51-0.17-0.06-0.19-0.27-0.20.05-0.18-0.25
0.90.730.540.860.90.68-0.880.920.780.920.880.910.820.390.570.870.550.850.840.9-0.270.89-0.550.790.88
0.990.730.540.990.980.68-0.920.980.960.950.980.960.980.70.720.970.230.980.810.98-0.20.89-0.830.950.96
-0.78-0.43-0.36-0.8-0.76-0.410.76-0.74-0.86-0.7-0.78-0.73-0.86-0.93-0.66-0.760.24-0.81-0.5-0.770.05-0.55-0.83-0.82-0.75
0.930.670.610.960.910.62-0.780.90.970.840.950.830.950.70.710.930.140.960.690.89-0.180.790.95-0.820.91
0.990.690.360.980.990.58-0.860.990.920.950.990.930.960.590.570.990.360.950.870.97-0.250.880.96-0.750.91
Click cells to compare fundamentals

Enghouse Systems Account Relationship Matchups

Enghouse Systems fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets763.6M674.6M705.0M783.7M901.2M946.3M
Short Long Term Debt Total1.1M42.2M25.6M19.9M22.9M24.0M
Other Current Liab39.0M52.8M29.0M13.4M15.4M7.7M
Total Current Liabilities206.6M174.5M163.9M197.5M227.1M238.5M
Total Stockholder Equity496.3M454.3M508.2M555.3M638.6M670.6M
Property Plant And Equipment Net49.1M32.2M24.2M15.5M17.8M18.7M
Net Debt(143.6M)(202.6M)(170.3M)(205.2M)(184.7M)(175.5M)
Retained Earnings379.4M355.0M401.2M426.4M490.4M514.9M
Accounts Payable80.3M71.5M60.5M67.8M77.9M81.8M
Cash244.8M195.9M225.1M239.5M275.5M289.2M
Non Current Assets Total406.3M371.0M370.5M434.3M499.4M524.4M
Cash And Short Term Investments150.3M251.8M198.8M228.1M262.3M275.4M
Net Receivables90.8M91.5M93.6M93.4M107.4M112.8M
Common Stock Shares Outstanding55.6M55.9M55.6M55.3M63.5M53.0M
Liabilities And Stockholders Equity590.6M763.6M674.6M705.0M810.7M851.3M
Non Current Liabilities Total60.7M45.8M33.0M30.8M35.5M20.1M
Other Current Assets14.8M13.3M12.8M15.5M17.8M18.7M
Other Stockholder Equity6.7M6.6M7.4M8.9M8.0M7.6M
Total Liab267.3M220.3M196.8M228.3M262.6M275.7M
Property Plant And Equipment Gross49.1M71.2M70.6M69.3M79.7M83.7M
Total Current Assets357.4M303.7M334.5M349.4M401.8M421.9M
Accumulated Other Comprehensive Income4.6M11.0M(14.6M)(9.0M)(10.3M)(9.8M)
Short Term Debt249K9.9M7.9M6.8M6.1M5.8M
Current Deferred Revenue78.4M89.9M80.6M83.1M95.6M100.4M
Short Term Investments7.0M2.9M3.0M827K744.3K707.1K
Intangible Assets123.6M101.8M85.9M109.7M126.1M132.4M
Good Will217.4M223.0M230.0M280.2M322.3M338.4M
Common Stock81.6M99.4M106.5M107.0M123.1M85.3M
Other Liab26.7M28.5M28.1M19.9M22.9M27.8M
Net Tangible Assets76.9M155.3M129.5M192.3M221.1M232.2M
Other Assets12.7M16.1M13.9M30.3M34.9M36.6M
Property Plant Equipment6.3M49.1M32.2M24.2M27.9M16.8M
Capital Surpluse6.7M6.6M7.4M8.9M10.2M6.5M
Long Term Debt Total874K32.2M17.7M13.1M15.0M11.3M
Cash And Equivalents144.8M244.8M195.9M225.1M258.9M188.1M
Net Invested Capital496.3M454.3M508.2M555.3M638.6M483.7M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Enghouse Systems in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Enghouse Systems' short interest history, or implied volatility extrapolated from Enghouse Systems options trading.

Pair Trading with Enghouse Systems

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enghouse Systems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enghouse Systems will appreciate offsetting losses from the drop in the long position's value.

Moving together with Enghouse Stock

  0.88FLOW Flow Beverage CorpPairCorr

Moving against Enghouse Stock

  0.8LCX Lycos EnergyPairCorr
  0.57CH CHARBONE HydrogenPairCorr
The ability to find closely correlated positions to Enghouse Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enghouse Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enghouse Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enghouse Systems to buy it.
The correlation of Enghouse Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enghouse Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enghouse Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enghouse Systems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enghouse Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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Please note, there is a significant difference between Enghouse Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enghouse Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enghouse Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.