Ensign Non Operating Income Net Other vs Other Operating Expenses Analysis
| ENSG Stock | USD 119.56 0.23 0.19% |
Ensign financial indicator trend analysis is much more than just examining Ensign Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ensign Group is a good investment. Please check the relationship between Ensign Non Operating Income Net Other and its Other Operating Expenses accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in The Ensign Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Non Operating Income Net Other vs Other Operating Expenses
Non Operating Income Net Other vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ensign Group Non Operating Income Net Other account and Other Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ensign's Non Operating Income Net Other and Other Operating Expenses is 0.76. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of The Ensign Group, assuming nothing else is changed. The correlation between historical values of Ensign's Non Operating Income Net Other and Other 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 Non Operating Income Net Other of The Ensign Group are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Non Operating Income Net Other i.e., Ensign's Non Operating Income Net Other and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.76 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Non Operating Income Net Other
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ensign Group. It is also known as Ensign overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most indicators from Ensign's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ensign Group 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 The Ensign Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Ensign's Enterprise Value Over EBITDA is most likely to increase significantly in the upcoming years. The Ensign's current Enterprise Value Multiple is estimated to increase to 22.63, while Issuance Of Capital Stock is projected to decrease to 0.00.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 468.2M | 518.0M | 590.8M | 620.3M | Total Revenue | 2.6B | 3.0B | 3.7B | 3.9B |
Ensign fundamental ratios Correlations
Click cells to compare fundamentals
Ensign Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ensign fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.4B | 2.5B | 2.9B | 3.5B | 4.2B | 4.4B | |
| Short Long Term Debt Total | 1.3B | 1.1B | 1.3B | 1.6B | 1.9B | 2.0B | |
| Total Stockholder Equity | 656.1M | 818.2M | 1.0B | 1.2B | 1.5B | 1.6B | |
| Net Debt | 1.3B | 877.4M | 1.0B | 1.3B | 1.4B | 1.4B | |
| Cash | 59.2M | 236.6M | 262.2M | 316.3M | 509.6M | 535.1M | |
| Other Assets | 44.9M | 1.1B | 80.2M | 76.9M | 88.5M | 110.8M | |
| Cash And Short Term Investments | 76.9M | 250.0M | 276.0M | 331.7M | 526.9M | 553.2M | |
| Common Stock Shares Outstanding | 56.0M | 55.8M | 56.9M | 56.9M | 57.3M | 50.2M | |
| Liabilities And Stockholders Equity | 2.4B | 2.5B | 2.9B | 3.5B | 4.2B | 4.4B | |
| Non Current Liabilities Total | 1.4B | 1.2B | 1.3B | 1.6B | 1.9B | 2.0B | |
| Other Stockholder Equity | 264.6M | 267.1M | 287.7M | 302.4M | 349.2M | 193.4M | |
| Total Liab | 1.7B | 1.7B | 1.8B | 2.2B | 2.7B | 2.8B | |
| Total Current Assets | 411.1M | 583.0M | 639.7M | 781.1M | 1.0B | 1.1B | |
| Other Current Liab | 239.8M | 450.1M | 399.7M | 425.6M | 544.6M | 571.9M | |
| Total Current Liabilities | 343.2M | 562.4M | 523.1M | 582.1M | 734.7M | 771.5M | |
| Property Plant And Equipment Net | 1.8B | 1.8B | 2.0B | 2.4B | 2.8B | 3.0B | |
| Retained Earnings | 391.5M | 551.1M | 734.0M | 946.3M | 1.1B | 1.2B | |
| Accounts Payable | 45.0M | 50.9M | 58.1M | 77.1M | 92.8M | 97.5M | |
| Non Current Assets Total | 2.0B | 2.0B | 2.2B | 2.7B | 3.1B | 3.3B | |
| Non Currrent Assets Other | 40.3M | 33.3M | 47.0M | (67.5B) | 40.2M | 42.2M | |
| Net Receivables | 309.0M | 305.1M | 328.7M | 408.4M | 485.0M | 509.3M | |
| Common Stock Total Equity | 55K | 56K | 58K | 59K | 67.9K | 39.2K | |
| Other Current Assets | 42.9M | 41.3M | 48.8B | 36.3M | 35.0M | 33.3M | |
| Property Plant And Equipment Gross | 1.8B | 1.8B | 2.0B | 2.4B | 3.2B | 3.4B | |
| Short Term Debt | 47.7M | 51.1M | 55.9M | 69.7M | 86.5M | 90.8M | |
| Intangible Assets | 6.5M | 6.6M | 6.4M | 6.4M | 6.5M | 6.2M | |
| Common Stock | 55K | 56K | 58K | 59K | 60K | 40.6K | |
| Other Liab | 63.4M | 102.1M | 96.4M | 116.8M | 134.3M | 141.0M | |
| Long Term Debt | 325.2M | 112.5M | 152.9M | 149.3M | 145.5M | 179.4M | |
| Property Plant Equipment | 767.6M | 778.2M | 2.0B | 992.0M | 1.1B | 572.6M | |
| Current Deferred Revenue | 10.7M | 10.3M | 9.3M | 9.7M | 10.8M | 8.7M | |
| Net Tangible Assets | 593.3M | 757.0M | 953.9M | 1.2B | 1.3B | 1.4B | |
| Noncontrolling Interest In Consolidated Entity | 1.9M | 150K | 946K | 1.5M | 1.7M | 2.5M | |
| Retained Earnings Total Equity | 391.5M | 551.1M | 734.0M | 946.3M | 1.1B | 1.1B | |
| Short Term Investments | 17.8M | 13.4M | 13.8M | 15.4M | 17.2M | 11.0M |
Currently Active Assets on Macroaxis
| VWITX | Vanguard Intermediate Term Tax Exempt | |
| VGSTX | Vanguard Star Fund | |
| VFIAX | Vanguard 500 Index | |
| VTCLX | Vanguard Tax Managed Capital | |
| VTSAX | Vanguard Total Stock |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in The Ensign Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Ensign Stock analysis
When running Ensign's price analysis, check to measure Ensign's 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 Ensign is operating at the current time. Most of Ensign's value examination focuses on studying past and present price action to predict the probability of Ensign's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ensign's price. Additionally, you may evaluate how the addition of Ensign to your portfolios can decrease your overall portfolio volatility.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Stocks Directory Find actively traded stocks across global markets |
Is Ensign's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ensign. If investors know Ensign will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ensign listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.133 | Dividend Share 0.235 | Earnings Share 3.79 | Revenue Per Share 68.838 | Quarterly Revenue Growth 0.139 |
The market value of Ensign Group is measured differently than its book value, which is the value of Ensign that is recorded on the company's balance sheet. Investors also form their own opinion of Ensign's value that differs from its market value or its book value, called intrinsic value, which is Ensign's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ensign's market value can be influenced by many factors that don't directly affect Ensign's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ensign's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ensign is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ensign's 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.