Eagle Non Current Liabilities Total vs Accounts Payable Analysis
EXP Stock | USD 256.70 2.77 1.09% |
Eagle Materials financial indicator trend analysis is much more than just examining Eagle Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eagle Materials is a good investment. Please check the relationship between Eagle Materials Non Current Liabilities Total and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. To learn how to invest in Eagle Stock, please use our How to Invest in Eagle Materials guide.
Non Current Liabilities Total vs Accounts Payable
Non Current Liabilities Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eagle Materials Non Current Liabilities Total account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Eagle Materials' Non Current Liabilities Total and Accounts Payable is 0.86. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Eagle Materials, assuming nothing else is changed. The correlation between historical values of Eagle Materials' Non Current Liabilities Total and Accounts Payable 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 Current Liabilities Total of Eagle Materials are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Liabilities Total i.e., Eagle Materials' Non Current Liabilities Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Non Current Liabilities Total
Accounts Payable
An accounting item on the balance sheet that represents Eagle Materials obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Eagle Materials are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Eagle Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eagle Materials 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 Eagle Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. To learn how to invest in Eagle Stock, please use our How to Invest in Eagle Materials guide.At this time, Eagle Materials' Selling General Administrative is relatively stable compared to the past year. As of 04/27/2024, Tax Provision is likely to grow to about 153.4 M, while Sales General And Administrative To Revenue is likely to drop 0.02.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 519.6M | 639.3M | 735.2M | 771.9M | Total Revenue | 1.9B | 2.1B | 2.5B | 2.6B |
Eagle Materials fundamental ratios Correlations
Click cells to compare fundamentals
Eagle Materials Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eagle Materials fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.0B | 2.8B | 2.6B | 2.8B | 3.2B | 3.4B | |
Short Long Term Debt Total | 1.6B | 1.0B | 974.6M | 1.1B | 1.3B | 1.3B | |
Other Current Liab | 73.3M | 78.8M | 86.8M | 86.5M | 99.4M | 54.5M | |
Total Current Liabilities | 169.7M | 169.4M | 207.6M | 212.9M | 244.8M | 257.1M | |
Total Stockholder Equity | 967.8M | 1.4B | 1.1B | 1.2B | 1.4B | 704.3M | |
Property Plant And Equipment Net | 1.8B | 1.7B | 1.6B | 1.7B | 1.9B | 2.0B | |
Net Debt | 1.5B | 751.4M | 955.2M | 1.1B | 1.2B | 1.3B | |
Retained Earnings | 960.1M | 1.3B | 1.1B | 1.2B | 1.4B | 1.4B | |
Accounts Payable | 86.2M | 84.2M | 113.7M | 110.4M | 127.0M | 133.3M | |
Cash | 118.6M | 263.5M | 19.4M | 15.2M | 17.5M | 31.7M | |
Non Current Assets Total | 2.3B | 2.2B | 2.1B | 2.3B | 2.6B | 2.7B | |
Non Currrent Assets Other | 10.6M | 15.9M | (204.4M) | (215.3M) | (193.8M) | (184.1M) | |
Cash And Short Term Investments | 118.6M | 263.5M | 19.4M | 15.2M | 17.5M | 31.7M | |
Net Receivables | 280.2M | 150.0M | 183.5M | 211.3M | 243.0M | 255.2M | |
Common Stock Shares Outstanding | 42.3M | 41.8M | 40.9M | 37.1M | 33.3M | 41.9M | |
Liabilities And Stockholders Equity | 3.0B | 2.8B | 2.6B | 2.8B | 3.2B | 3.4B | |
Non Current Liabilities Total | 1.8B | 1.3B | 1.2B | 1.4B | 1.6B | 1.7B | |
Inventory | 272.5M | 235.7M | 236.7M | 291.9M | 335.7M | 352.4M | |
Other Stockholder Equity | 10.9M | 62.5M | (3.2M) | (3.5M) | (3.2M) | (3.0M) | |
Total Liab | 2.0B | 1.5B | 1.4B | 1.6B | 1.8B | 1.9B | |
Total Current Assets | 678.2M | 661.7M | 442.7M | 521.5M | 599.7M | 629.7M | |
Short Term Debt | 10.2M | 6.3M | 7.1M | 16.0M | 18.4M | 17.5M | |
Property Plant And Equipment Gross | 1.8B | 1.7B | 1.6B | 1.7B | 1.9B | 969.9M | |
Accumulated Other Comprehensive Income | (3.6M) | (3.4M) | (3.2M) | (3.5M) | (4.1M) | (4.3M) | |
Other Current Assets | 6.9M | 12.4M | 1.2M | 3.1M | 3.5M | 3.3M | |
Other Assets | 19.7M | 24.4M | 28.0M | 14.1M | 16.3M | 21.2M | |
Long Term Debt | 1.6B | 1.0B | 938.3M | 1.1B | 1.2B | 1.3B | |
Common Stock Total Equity | 416K | 424K | 387K | 358K | 411.7K | 425.4K | |
Common Stock | 416K | 424K | 387K | 358K | 411.7K | 425.4K | |
Property Plant Equipment | 1.8B | 1.7B | 1.6B | 1.7B | 1.9B | 1.1B | |
Intangible Assets | 64.9M | 63.2M | 58.8M | 85.3M | 98.1M | 53.1M | |
Other Liab | 125.3M | 206.4M | 267.3M | 300.3M | 345.3M | 362.6M | |
Net Tangible Assets | 571.4M | 966.7M | 745.7M | 719.7M | 827.6M | 815.6M | |
Retained Earnings Total Equity | 960.1M | 1.3B | 1.1B | 1.2B | 1.4B | 992.4M | |
Long Term Debt Total | 1.6B | 1.0B | 938.3M | 1.1B | 1.2B | 748.0M | |
Deferred Long Term Liab | 166.7M | 226.0M | 232.4M | 236.8M | 272.4M | 178.4M |
Pair Trading with Eagle Materials
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 Eagle Materials 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 Eagle Materials will appreciate offsetting losses from the drop in the long position's value.Moving together with Eagle Stock
0.9 | CRH | CRH PLC ADR | PairCorr |
Moving against Eagle Stock
0.65 | RETO | ReTo Eco Solutions Report 6th of May 2024 | PairCorr |
0.49 | X | United States Steel Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Eagle Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eagle Materials 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 Eagle Materials - 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 Eagle Materials to buy it.
The correlation of Eagle Materials 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 Eagle Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eagle Materials 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 Eagle Materials 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 Eagle Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. To learn how to invest in Eagle Stock, please use our How to Invest in Eagle Materials guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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When running Eagle Materials' price analysis, check to measure Eagle Materials' 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 Eagle Materials is operating at the current time. Most of Eagle Materials' value examination focuses on studying past and present price action to predict the probability of Eagle Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eagle Materials' price. Additionally, you may evaluate how the addition of Eagle Materials to your portfolios can decrease your overall portfolio volatility.
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Is Eagle Materials' 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 Eagle Materials. If investors know Eagle 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 Eagle Materials 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 0.163 | Dividend Share 1 | Earnings Share 14.18 | Revenue Per Share 64.117 | Quarterly Revenue Growth 0.093 |
The market value of Eagle Materials is measured differently than its book value, which is the value of Eagle that is recorded on the company's balance sheet. Investors also form their own opinion of Eagle Materials' value that differs from its market value or its book value, called intrinsic value, which is Eagle Materials' 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 Eagle Materials' market value can be influenced by many factors that don't directly affect Eagle Materials' 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 Eagle Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eagle Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eagle Materials' 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.