Avangrid Common Stock Total Equity vs Other Current Liab Analysis
AGR Stock | USD 35.98 0.07 0.19% |
Avangrid financial indicator trend analysis is way more than just evaluating Avangrid prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avangrid is a good investment. Please check the relationship between Avangrid Common Stock Total Equity and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avangrid. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.
Common Stock Total Equity vs Other Current Liab
Common Stock Total Equity vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avangrid Common Stock Total Equity account and Other Current Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between Avangrid's Common Stock Total Equity and Other Current Liab is -0.78. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Avangrid, assuming nothing else is changed. The correlation between historical values of Avangrid's Common Stock Total Equity and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Avangrid are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Common Stock Total Equity i.e., Avangrid's Common Stock Total Equity and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.78 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Other Current Liab
Most indicators from Avangrid's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avangrid 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Avangrid. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.At this time, Avangrid's Selling General Administrative is relatively stable compared to the past year. As of 05/21/2024, Enterprise Value is likely to grow to about 25.9 B, though Tax Provision is likely to grow to (8.6 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.5B | 2.6B | 2.8B | 2.9B | Total Revenue | 7.0B | 7.9B | 8.3B | 8.7B |
Avangrid fundamental ratios Correlations
Click cells to compare fundamentals
Avangrid Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avangrid fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 309.5M | 309.6M | 358.6M | 387.2M | 387.2M | 406.5M | |
Total Assets | 34.4B | 37.8B | 39.5B | 41.1B | 44.0B | 46.2B | |
Short Long Term Debt Total | 8.1B | 11.3B | 8.6B | 9.4B | 12.2B | 12.8B | |
Other Current Liab | 711M | 789M | 929M | 1.1B | 493M | 333.7M | |
Total Current Liabilities | 3.6B | 3.1B | 3.3B | 4.4B | 5.2B | 5.5B | |
Total Stockholder Equity | 15.2B | 15.2B | 19.1B | 19.4B | 19.6B | 20.6B | |
Property Plant And Equipment Net | 25.3B | 26.9B | 29.0B | 31.2B | 33.1B | 34.7B | |
Net Debt | 7.9B | 9.8B | 7.1B | 9.3B | 12.1B | 12.7B | |
Retained Earnings | 1.7B | 1.7B | 1.7B | 1.9B | 2.0B | 2.1B | |
Accounts Payable | 1.4B | 1.5B | 1.6B | 2.0B | 1.9B | 2.0B | |
Cash | 36M | 178M | 1.5B | 1.5B | 69M | 175.5M | |
Non Current Assets Total | 32.4B | 34.0B | 35.7B | 37.9B | 40.6B | 42.6B | |
Non Currrent Assets Other | 311M | 331M | 374M | 2.5B | 2.9B | 3.1B | |
Cash And Short Term Investments | 36M | 178M | 1.8B | 1.5B | 69M | 86.5M | |
Net Receivables | 1.1B | 1.2B | 1.3B | 1.7B | 1.6B | 1.7B | |
Liabilities And Stockholders Equity | 34.4B | 37.8B | 39.5B | 41.1B | 44.0B | 46.2B | |
Non Current Liabilities Total | 15.2B | 18.9B | 16.2B | 16.4B | 18.1B | 19.0B | |
Inventory | 251M | 262M | 343M | 503M | 495M | 519.8M | |
Other Current Assets | 300M | 327M | 401M | 453M | 734M | 770.7M | |
Total Liab | 18.8B | 22.0B | 19.5B | 20.8B | 23.3B | 24.5B | |
Property Plant And Equipment Gross | 25.2B | 26.9B | 39.6B | 42.7B | 45.5B | 47.8B | |
Total Current Assets | 2.0B | 2.0B | 3.8B | 3.2B | 3.4B | 3.6B | |
Accumulated Other Comprehensive Income | (95M) | (111M) | (273M) | (180M) | (25M) | (26.3M) | |
Short Term Debt | 1.3B | 636M | 549M | 1B | 2.0B | 2.1B | |
Current Deferred Revenue | 140M | 141M | 204M | 271M | 806M | 846.3M | |
Intangible Assets | 314M | 305M | 293M | 281M | 284M | 319.3M | |
Other Liab | 8.4B | 8.2B | 8.1B | 7.9B | 9.1B | 8.8B | |
Net Tangible Assets | 11.8B | 15.2B | 19.1B | 19.4B | 22.3B | 14.9B | |
Other Assets | 2.8B | 3.9B | 2.5B | 2.7B | 2.4B | 2.4B | |
Long Term Debt | 6.7B | 7.5B | 7.9B | 8.2B | 10.0B | 6.9B | |
Deferred Long Term Liab | 2.6B | 2.6B | 2.3B | 2.3B | 2.1B | 2.1B | |
Long Term Investments | 708M | 736M | 621M | 486M | 764M | 593.8M | |
Short Long Term Debt | 1.3B | 620M | 533M | 980M | 2.0B | 2.1B | |
Property Plant Equipment | 25.4B | 26.8B | 28.9B | 31.0B | 35.6B | 24.2B | |
Noncontrolling Interest In Consolidated Entity | 349M | 617M | 885M | 962M | 865.8M | 822.5M |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avangrid. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.Note that the Avangrid information on this page should be used as a complementary analysis to other Avangrid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Avangrid Stock analysis
When running Avangrid's price analysis, check to measure Avangrid'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 Avangrid is operating at the current time. Most of Avangrid's value examination focuses on studying past and present price action to predict the probability of Avangrid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avangrid's price. Additionally, you may evaluate how the addition of Avangrid to your portfolios can decrease your overall portfolio volatility.
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Stocks Directory Find actively traded stocks across global markets | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |
Is Avangrid'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 Avangrid. If investors know Avangrid 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 Avangrid 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 0.44 | Dividend Share 1.76 | Earnings Share 2.31 | Revenue Per Share 21.352 | Quarterly Revenue Growth (0.02) |
The market value of Avangrid is measured differently than its book value, which is the value of Avangrid that is recorded on the company's balance sheet. Investors also form their own opinion of Avangrid's value that differs from its market value or its book value, called intrinsic value, which is Avangrid'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 Avangrid's market value can be influenced by many factors that don't directly affect Avangrid'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 Avangrid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avangrid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avangrid'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.