Enghouse Tax Provision vs Total Operating Expenses 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 Tax Provision and its Total Operating Expenses 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.

Tax Provision vs Total Operating Expenses

Tax Provision vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enghouse Systems Tax Provision account and Total Operating Expenses. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Enghouse Systems' Tax Provision and Total Operating Expenses is 0.58. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Total Operating Expenses 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' Tax Provision and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Enghouse Systems are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Tax Provision i.e., Enghouse Systems' Tax Provision and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

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 9th 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 Expense	735K	625.5K	1.1M
Depreciation And Amortization	46.7M	53.7M	56.4M

Interest Expense Depreciation And Amortization

Enghouse Systems fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Non Currrent Assets Other	Current Deferred Revenue	Short Term Investments	Intangible Assets	Good Will
Total Assets		0.76	0.45	0.99	1.0	0.67	-0.91	0.99	0.95	0.97	0.99	0.97	0.97	0.64	0.66	0.99	0.31	0.98	0.87	0.99	-0.2	0.9	0.99	-0.78	0.93	0.99
Short Long Term Debt Total	0.76		0.59	0.76	0.74	0.96	-0.71	0.75	0.74	0.78	0.74	0.79	0.68	0.34	0.76	0.76	0.39	0.8	0.83	0.77	0.08	0.73	0.73	-0.43	0.67	0.69
Other Current Liab	0.45	0.59		0.51	0.4	0.74	-0.51	0.42	0.58	0.42	0.46	0.45	0.47	0.33	0.81	0.43	0.12	0.56	0.25	0.44	-0.13	0.54	0.54	-0.36	0.61	0.36
Total Current Liabilities	0.99	0.76	0.51		0.98	0.68	-0.88	0.97	0.97	0.95	0.99	0.94	0.97	0.68	0.7	0.99	0.25	0.99	0.83	0.97	-0.18	0.86	0.99	-0.8	0.96	0.98
Total Stockholder Equity	1.0	0.74	0.4	0.98		0.64	-0.91	1.0	0.92	0.98	0.99	0.97	0.96	0.62	0.62	0.98	0.35	0.97	0.88	0.99	-0.21	0.9	0.98	-0.76	0.91	0.99
Property Plant And Equipment Net	0.67	0.96	0.74	0.68	0.64		-0.7	0.66	0.7	0.7	0.65	0.72	0.62	0.32	0.85	0.66	0.34	0.73	0.71	0.69	0.02	0.68	0.68	-0.41	0.62	0.58
Net Debt	-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	-0.94	0.26	-0.88	-0.92	0.76	-0.78	-0.86
Retained Earnings	0.99	0.75	0.42	0.97	1.0	0.66	-0.91		0.91	0.98	0.99	0.97	0.95	0.59	0.62	0.98	0.39	0.96	0.89	0.99	-0.23	0.92	0.98	-0.74	0.9	0.99
Accounts Payable	0.95	0.74	0.58	0.97	0.92	0.7	-0.84	0.91		0.88	0.96	0.88	0.98	0.73	0.79	0.95	0.13	0.98	0.74	0.92	-0.19	0.78	0.96	-0.86	0.97	0.92
Cash	0.97	0.78	0.42	0.95	0.98	0.7	-0.94	0.98	0.88		0.95	1.0	0.9	0.56	0.64	0.95	0.38	0.94	0.88	0.99	-0.22	0.92	0.95	-0.7	0.84	0.95
Non Current Assets Total	0.99	0.74	0.46	0.99	0.99	0.65	-0.87	0.99	0.96	0.95		0.94	0.98	0.64	0.65	0.99	0.31	0.98	0.86	0.97	-0.2	0.88	0.98	-0.78	0.95	0.99
Cash And Short Term Investments	0.97	0.79	0.45	0.94	0.97	0.72	-0.95	0.97	0.88	1.0	0.94		0.9	0.61	0.67	0.93	0.32	0.94	0.86	0.99	-0.16	0.91	0.96	-0.73	0.83	0.93
Net Receivables	0.97	0.68	0.47	0.97	0.96	0.62	-0.86	0.95	0.98	0.9	0.98	0.9		0.71	0.7	0.97	0.22	0.97	0.79	0.95	-0.26	0.82	0.98	-0.86	0.95	0.96
Common Stock Shares Outstanding	0.64	0.34	0.33	0.68	0.62	0.32	-0.62	0.59	0.73	0.56	0.64	0.61	0.71		0.63	0.61	-0.46	0.68	0.36	0.64	0.21	0.39	0.7	-0.93	0.7	0.59
Non Current Liabilities Total	0.66	0.76	0.81	0.7	0.62	0.85	-0.73	0.62	0.79	0.64	0.65	0.67	0.7	0.63		0.65	0.02	0.76	0.5	0.67	-0.07	0.57	0.72	-0.66	0.71	0.57
Other Current Assets	0.99	0.76	0.43	0.99	0.98	0.66	-0.86	0.98	0.95	0.95	0.99	0.93	0.97	0.61	0.65		0.33	0.98	0.87	0.97	-0.22	0.87	0.97	-0.76	0.93	0.99
Other Stockholder Equity	0.31	0.39	0.12	0.25	0.35	0.34	-0.31	0.39	0.13	0.38	0.31	0.32	0.22	-0.46	0.02	0.33		0.22	0.56	0.31	-0.51	0.55	0.23	0.24	0.14	0.36
Total Liab	0.98	0.8	0.56	0.99	0.97	0.73	-0.88	0.96	0.98	0.94	0.98	0.94	0.97	0.68	0.76	0.98	0.22		0.82	0.97	-0.17	0.85	0.98	-0.81	0.96	0.95
Property Plant And Equipment Gross	0.87	0.83	0.25	0.83	0.88	0.71	-0.76	0.89	0.74	0.88	0.86	0.86	0.79	0.36	0.5	0.87	0.56	0.82		0.87	-0.06	0.84	0.81	-0.5	0.69	0.87
Total Current Assets	0.99	0.77	0.44	0.97	0.99	0.69	-0.94	0.99	0.92	0.99	0.97	0.99	0.95	0.64	0.67	0.97	0.31	0.97	0.87		-0.19	0.9	0.98	-0.77	0.89	0.97
Short Term Debt	-0.2	0.08	-0.13	-0.18	-0.21	0.02	0.26	-0.23	-0.19	-0.22	-0.2	-0.16	-0.26	0.21	-0.07	-0.22	-0.51	-0.17	-0.06	-0.19		-0.27	-0.2	0.05	-0.18	-0.25
Non Currrent Assets Other	0.9	0.73	0.54	0.86	0.9	0.68	-0.88	0.92	0.78	0.92	0.88	0.91	0.82	0.39	0.57	0.87	0.55	0.85	0.84	0.9	-0.27		0.89	-0.55	0.79	0.88
Current Deferred Revenue	0.99	0.73	0.54	0.99	0.98	0.68	-0.92	0.98	0.96	0.95	0.98	0.96	0.98	0.7	0.72	0.97	0.23	0.98	0.81	0.98	-0.2	0.89		-0.83	0.95	0.96
Short Term Investments	-0.78	-0.43	-0.36	-0.8	-0.76	-0.41	0.76	-0.74	-0.86	-0.7	-0.78	-0.73	-0.86	-0.93	-0.66	-0.76	0.24	-0.81	-0.5	-0.77	0.05	-0.55	-0.83		-0.82	-0.75
Intangible Assets	0.93	0.67	0.61	0.96	0.91	0.62	-0.78	0.9	0.97	0.84	0.95	0.83	0.95	0.7	0.71	0.93	0.14	0.96	0.69	0.89	-0.18	0.79	0.95	-0.82		0.91
Good Will	0.99	0.69	0.36	0.98	0.99	0.58	-0.86	0.99	0.92	0.95	0.99	0.93	0.96	0.59	0.57	0.99	0.36	0.95	0.87	0.97	-0.25	0.88	0.96	-0.75	0.91

Click cells to compare fundamentals

Enghouse Systems Account Relationship Matchups

Enghouse Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	763.6M	674.6M	705.0M	783.7M	901.2M	946.3M
Short Long Term Debt Total	1.1M	42.2M	25.6M	19.9M	22.9M	24.0M
Other Current Liab	39.0M	52.8M	29.0M	13.4M	15.4M	7.7M
Total Current Liabilities	206.6M	174.5M	163.9M	197.5M	227.1M	238.5M
Total Stockholder Equity	496.3M	454.3M	508.2M	555.3M	638.6M	670.6M
Property Plant And Equipment Net	49.1M	32.2M	24.2M	15.5M	17.8M	18.7M
Net Debt	(143.6M)	(202.6M)	(170.3M)	(205.2M)	(184.7M)	(175.5M)
Retained Earnings	379.4M	355.0M	401.2M	426.4M	490.4M	514.9M
Accounts Payable	80.3M	71.5M	60.5M	67.8M	77.9M	81.8M
Cash	244.8M	195.9M	225.1M	239.5M	275.5M	289.2M
Non Current Assets Total	406.3M	371.0M	370.5M	434.3M	499.4M	524.4M
Cash And Short Term Investments	150.3M	251.8M	198.8M	228.1M	262.3M	275.4M
Net Receivables	90.8M	91.5M	93.6M	93.4M	107.4M	112.8M
Common Stock Shares Outstanding	55.6M	55.9M	55.6M	55.3M	63.5M	53.0M
Liabilities And Stockholders Equity	590.6M	763.6M	674.6M	705.0M	810.7M	851.3M
Non Current Liabilities Total	60.7M	45.8M	33.0M	30.8M	35.5M	20.1M
Other Current Assets	14.8M	13.3M	12.8M	15.5M	17.8M	18.7M
Other Stockholder Equity	6.7M	6.6M	7.4M	8.9M	8.0M	7.6M
Total Liab	267.3M	220.3M	196.8M	228.3M	262.6M	275.7M
Property Plant And Equipment Gross	49.1M	71.2M	70.6M	69.3M	79.7M	83.7M
Total Current Assets	357.4M	303.7M	334.5M	349.4M	401.8M	421.9M
Accumulated Other Comprehensive Income	4.6M	11.0M	(14.6M)	(9.0M)	(10.3M)	(9.8M)
Short Term Debt	249K	9.9M	7.9M	6.8M	6.1M	5.8M
Current Deferred Revenue	78.4M	89.9M	80.6M	83.1M	95.6M	100.4M
Short Term Investments	7.0M	2.9M	3.0M	827K	744.3K	707.1K
Intangible Assets	123.6M	101.8M	85.9M	109.7M	126.1M	132.4M
Good Will	217.4M	223.0M	230.0M	280.2M	322.3M	338.4M
Common Stock	81.6M	99.4M	106.5M	107.0M	123.1M	85.3M
Other Liab	26.7M	28.5M	28.1M	19.9M	22.9M	27.8M
Net Tangible Assets	76.9M	155.3M	129.5M	192.3M	221.1M	232.2M
Other Assets	12.7M	16.1M	13.9M	30.3M	34.9M	36.6M
Property Plant Equipment	6.3M	49.1M	32.2M	24.2M	27.9M	16.8M
Capital Surpluse	6.7M	6.6M	7.4M	8.9M	10.2M	6.5M
Long Term Debt Total	874K	32.2M	17.7M	13.1M	15.0M	11.3M
Cash And Equivalents	144.8M	244.8M	195.9M	225.1M	258.9M	188.1M
Net Invested Capital	496.3M	454.3M	508.2M	555.3M	638.6M	483.7M

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 against Enghouse Stock

0.9	RY-PM	Royal Bank	Pair Corr
0.88	RY-PJ	Royal Bank	Pair Corr
0.86	RY-PH	Royal Bank	Pair Corr
0.82	BOFA	Bank of America	Pair Corr
0.76	RY-PS	Royal Bank	Pair Corr

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 Correlation Correlation 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for Enghouse Stock analysis

When running Enghouse Systems' price analysis, check to measure Enghouse Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enghouse Systems is operating at the current time. Most of Enghouse Systems' value examination focuses on studying past and present price action to predict the probability of Enghouse Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enghouse Systems' price. Additionally, you may evaluate how the addition of Enghouse Systems to your portfolios can decrease your overall portfolio volatility.

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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.

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Enghouse Tax Provision vs Total Operating Expenses Analysis

Tax Provision vs Total Operating Expenses

Tax Provision vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Tax Provision

Total Operating Expenses

Enghouse Systems fundamental ratios Correlations

Enghouse Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enghouse Systems fundamental ratios Accounts

Pair Trading with Enghouse Systems

Moving against Enghouse Stock

Complementary Tools for Enghouse Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Cash And Short Term Investments	- 0.95	Net Debt
Total Current Assets	- 0.94	Net Debt
Cash	- 0.94	Net Debt
Short Term Investments	- 0.93	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.92	Net Debt
Retained Earnings	- 0.91	Net Debt