Essent Long Term Debt Total vs Short Long Term Debt Analysis
ESNT Stock | USD 53.59 0.62 1.17% |
Essent financial indicator trend analysis is much more than just examining Essent Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Essent Group is a good investment. Please check the relationship between Essent Long Term Debt Total and its Short Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essent 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 board of governors.
Long Term Debt Total vs Short Long Term Debt
Long Term Debt Total vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Essent Group Long Term Debt Total account and Short Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Essent's Long Term Debt Total and Short Long Term Debt is 0.88. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Essent Group, assuming nothing else is changed. The correlation between historical values of Essent's Long Term Debt Total and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt Total of Essent Group are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Long Term Debt Total i.e., Essent's Long Term Debt Total and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Long Term Debt Total
Short Long Term Debt
The total of a company’s short-term and long-term borrowings.Most indicators from Essent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Essent 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 Essent 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 board of governors. At this time, Essent's Issuance Of Capital Stock is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 1,374 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.10 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 805.3M | 800.4M | 890.3M | 458.7M | Total Revenue | 972.1M | 972.1M | 1.1B | 581.9M |
Essent fundamental ratios Correlations
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Essent Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Essent fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 98.2M | 106.4M | 111.6M | 107.7M | 107.1M | 88.6M | |
Total Assets | 3.9B | 5.2B | 5.7B | 5.7B | 6.5B | 3.3B | |
Other Current Liab | (224.2M) | (321.7M) | (419.8M) | (2.4M) | 361.2M | 379.2M | |
Total Stockholder Equity | 3.0B | 3.9B | 4.2B | 4.5B | 5.1B | 5.4B | |
Other Liab | 281.0M | 305.1M | 373.7M | 516.1M | 593.5M | 623.2M | |
Property Plant And Equipment Net | 17.3M | 15.1M | 11.9M | 19.6M | 41.3M | 43.4M | |
Net Debt | 152.9M | 218.9M | 338.3M | 339.6M | 318.1M | 334.0M | |
Retained Earnings | 1.8B | 2.2B | 2.8B | 3.5B | 4.1B | 4.3B | |
Cash | 71.4M | 102.8M | 81.5M | 81.2M | 141.8M | 72.7M | |
Non Current Assets Total | 3.4B | 4.6B | 5.0B | 19.6M | 4.0B | 2.2B | |
Non Currrent Assets Other | (47.7M) | (49.4M) | (44.2M) | (4.8B) | 3.6B | 3.7B | |
Other Assets | (3.0B) | (4.1B) | (4.3B) | 5.3B | 4.8B | 5.0B | |
Long Term Debt | 248.6M | 223.7M | 224.2M | 321.7M | 370.0M | 388.5M | |
Cash And Short Term Investments | 3.4B | 4.7B | 5.0B | 4.8B | 5.4B | 2.9B | |
Net Receivables | 40.7M | 50.1M | 46.2M | 57.4M | 63.3M | 33.4M | |
Short Term Investments | 3.4B | 4.6B | 5.0B | 4.7B | 1.8B | 2.5B | |
Liabilities And Stockholders Equity | 3.9B | 5.2B | 5.7B | 5.7B | 6.5B | 3.3B | |
Other Stockholder Equity | 1.1B | 1.6B | 1.4B | 1.4B | 1.3B | 1.1B | |
Total Liab | 888.6M | 1.3B | 1.5B | 1.3B | 1.4B | 781.8M | |
Property Plant And Equipment Gross | 7.0M | 7.6M | 17.3M | 15.1M | 17.4M | 10.3M | |
Total Current Assets | 3.5B | 4.7B | 5.1B | 390.7M | 2.5B | 1.6B | |
Accumulated Other Comprehensive Income | 56.2M | 138.3M | 50.7M | (382.8M) | (280.5M) | (266.5M) | |
Property Plant Equipment | 17.3M | 15.1M | 11.9M | 19.6M | 22.5M | 11.5M | |
Total Current Liabilities | 224.2M | 321.7M | 419.8M | 418.5M | 366.5M | 358.9M | |
Net Tangible Assets | 3.0B | 3.9B | 4.2B | 4.5B | 5.1B | 2.6B | |
Accounts Payable | 66.5M | 87.9M | 407.4M | 104.5M | 120.1M | 90.6M | |
Non Current Liabilities Total | 473.9M | 626.8M | 373.7M | 843.0M | 1.0B | 1.1B | |
Other Current Assets | 933.9M | 1.4B | 1.1B | 1.3B | 2.5B | 2.6B | |
Long Term Investments | 3.4B | 4.7B | 5.0B | 4.7B | 5.5B | 3.3B | |
Short Long Term Debt | 224.2M | 321.7M | 419.8M | 420.9M | 421.9M | 268.1M | |
Short Term Debt | 224.2M | 321.7M | 419.8M | 420.9M | 5.3M | 5.0M | |
Intangible Assets | 18.3M | 19.9M | 15.1M | 13.9M | 84.2M | 88.4M | |
Retained Earnings Total Equity | 1.8B | 2.2B | 2.8B | 3.5B | 4.0B | 4.2B | |
Deferred Long Term Liab | 249.6M | 305.1M | 373.7M | 356.8M | 410.3M | 222.0M | |
Capital Surpluse | 1.1B | 1.6B | 1.4B | 1.4B | 1.6B | 1.3B | |
Non Current Liabilities Other | 348.2M | 625.4M | 592.8M | 379.4M | 436.3M | 427.7M | |
Short Long Term Debt Total | 224.2M | 321.7M | 419.8M | 420.9M | 459.9M | 332.6M |
Pair Trading with Essent
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 Essent 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 Essent will appreciate offsetting losses from the drop in the long position's value.Moving together with Essent Stock
0.79 | ACT | Enact Holdings | PairCorr |
0.62 | AXS | AXIS Capital Holdings | PairCorr |
Moving against Essent Stock
0.49 | JRVR | James River Group Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Essent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Essent 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 Essent - 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 Essent Group to buy it.
The correlation of Essent 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 Essent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Essent Group 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 Essent 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essent 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 board of governors. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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When running Essent's price analysis, check to measure Essent'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 Essent is operating at the current time. Most of Essent's value examination focuses on studying past and present price action to predict the probability of Essent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Essent's price. Additionally, you may evaluate how the addition of Essent to your portfolios can decrease your overall portfolio volatility.
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Is Essent'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 Essent. If investors know Essent 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 Essent 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 0.199 | Dividend Share 1 | Earnings Share 6.5 | Revenue Per Share 10.215 | Quarterly Revenue Growth 0.242 |
The market value of Essent Group is measured differently than its book value, which is the value of Essent that is recorded on the company's balance sheet. Investors also form their own opinion of Essent's value that differs from its market value or its book value, called intrinsic value, which is Essent'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 Essent's market value can be influenced by many factors that don't directly affect Essent'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 Essent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essent'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.