Artesian Retained Earnings vs Net Debt Analysis

ARTNA Stock

USD 34.50 0.02 0.06%

Artesian Resources financial indicator trend analysis is way more than just evaluating Artesian Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Artesian Resources is a good investment. Please check the relationship between Artesian Resources Retained Earnings and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Artesian Resources. 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.

For information on how to trade Artesian Stock refer to our How to Trade Artesian Stock guide.

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Artesian Resources Retained Earnings account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Artesian Resources' Retained Earnings and Net Debt is 0.74. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt in the same time period over historical financial statements of Artesian Resources, assuming nothing else is changed. The correlation between historical values of Artesian Resources' Retained Earnings and Net 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 Retained Earnings of Artesian Resources are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Retained Earnings i.e., Artesian Resources' Retained Earnings and Net Debt go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Artesian Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Artesian Resources 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 Artesian Resources. 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.

For information on how to trade Artesian Stock refer to our How to Trade Artesian Stock guide.At present, Artesian Resources' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 39.1 M, whereas Tax Provision is forecasted to decline to about 5.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	7.6M	8.5M	9.2M	6.6M
Depreciation And Amortization	18.9M	19.8M	13.3M	8.3M

Interest Expense Depreciation And Amortization

Artesian Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.96	-0.52	0.52	0.77	1.0	0.74	0.96	0.76	0.83	0.35	1.0	-0.45	0.35	0.9	0.82	0.81	0.81	0.48	0.46	0.21	1.0	0.75	0.67	0.14	0.8
Short Long Term Debt Total	0.96		-0.54	0.63	0.76	0.96	0.77	1.0	0.75	0.73	0.29	0.96	-0.39	0.29	0.85	0.8	0.8	0.81	0.46	0.44	0.09	0.97	0.76	0.65	0.27	0.79
Other Current Liab	-0.52	-0.54		-0.04	-0.55	-0.53	-0.82	-0.54	-0.31	-0.16	-0.07	-0.52	0.26	-0.07	-0.44	-0.78	-0.8	-0.51	-0.17	-0.24	-0.46	-0.48	-0.38	-0.35	0.1	-0.8
Total Current Liabilities	0.52	0.63	-0.04		0.32	0.52	0.3	0.63	0.47	0.57	-0.17	0.53	-0.48	-0.17	0.49	0.28	0.32	0.39	0.06	0.01	-0.12	0.56	0.41	0.27	0.82	0.3
Total Stockholder Equity	0.77	0.76	-0.55	0.32		0.77	0.81	0.75	0.93	0.61	0.71	0.77	-0.19	0.71	0.71	0.64	0.7	0.99	0.8	0.84	0.2	0.77	0.96	0.92	-0.22	0.64
Property Plant And Equipment Net	1.0	0.96	-0.53	0.52	0.77		0.75	0.96	0.75	0.82	0.33	1.0	-0.46	0.33	0.89	0.83	0.82	0.8	0.46	0.45	0.22	1.0	0.75	0.66	0.15	0.81
Current Deferred Revenue	0.74	0.77	-0.82	0.3	0.81	0.75		0.77	0.59	0.41	0.34	0.74	-0.25	0.34	0.65	0.91	0.95	0.79	0.42	0.48	0.5	0.72	0.67	0.63	-0.09	0.93
Net Debt	0.96	1.0	-0.54	0.63	0.75	0.96	0.77		0.74	0.73	0.27	0.96	-0.39	0.27	0.85	0.8	0.8	0.8	0.45	0.43	0.09	0.96	0.75	0.64	0.28	0.79
Retained Earnings	0.76	0.75	-0.31	0.47	0.93	0.75	0.59	0.74		0.75	0.69	0.76	-0.29	0.69	0.7	0.43	0.49	0.95	0.8	0.8	-0.07	0.77	0.97	0.9	-0.05	0.42
Accounts Payable	0.83	0.73	-0.16	0.57	0.61	0.82	0.41	0.73	0.75		0.33	0.83	-0.61	0.33	0.74	0.47	0.49	0.67	0.4	0.36	0.06	0.85	0.69	0.57	0.17	0.46
Cash	0.35	0.29	-0.07	-0.17	0.71	0.33	0.34	0.27	0.69	0.33		0.34	0.26	1.0	0.44	0.15	0.17	0.7	0.93	0.9	-0.03	0.35	0.75	0.86	-0.63	0.12
Non Current Assets Total	1.0	0.96	-0.52	0.53	0.77	1.0	0.74	0.96	0.76	0.83	0.34		-0.46	0.34	0.89	0.82	0.82	0.81	0.47	0.46	0.21	1.0	0.75	0.66	0.15	0.8
Non Currrent Assets Other	-0.45	-0.39	0.26	-0.48	-0.19	-0.46	-0.25	-0.39	-0.29	-0.61	0.26	-0.46		0.26	-0.3	-0.32	-0.37	-0.25	0.19	0.19	-0.19	-0.46	-0.17	-0.04	-0.37	-0.35
Cash And Short Term Investments	0.35	0.29	-0.07	-0.17	0.71	0.33	0.34	0.27	0.69	0.33	1.0	0.34	0.26		0.44	0.15	0.17	0.7	0.93	0.9	-0.03	0.35	0.75	0.86	-0.63	0.12
Net Receivables	0.9	0.85	-0.44	0.49	0.71	0.89	0.65	0.85	0.7	0.74	0.44	0.89	-0.3	0.44		0.72	0.71	0.75	0.59	0.48	0.26	0.9	0.73	0.75	0.14	0.7
Common Stock Total Equity	0.82	0.8	-0.78	0.28	0.64	0.83	0.91	0.8	0.43	0.47	0.15	0.82	-0.32	0.15	0.72		0.99	0.63	0.23	0.27	0.59	0.79	0.5	0.45	0.0	1.0
Common Stock Shares Outstanding	0.81	0.8	-0.8	0.32	0.7	0.82	0.95	0.8	0.49	0.49	0.17	0.82	-0.37	0.17	0.71	0.99		0.68	0.25	0.29	0.61	0.79	0.54	0.5	0.01	0.99
Non Current Liabilities Total	0.81	0.81	-0.51	0.39	0.99	0.8	0.79	0.8	0.95	0.67	0.7	0.81	-0.25	0.7	0.75	0.63	0.68		0.8	0.81	0.14	0.81	0.97	0.93	-0.15	0.62
Inventory	0.48	0.46	-0.17	0.06	0.8	0.46	0.42	0.45	0.8	0.4	0.93	0.47	0.19	0.93	0.59	0.23	0.25	0.8		0.92	-0.07	0.49	0.87	0.94	-0.4	0.2
Other Current Assets	0.46	0.44	-0.24	0.01	0.84	0.45	0.48	0.43	0.8	0.36	0.9	0.46	0.19	0.9	0.48	0.27	0.29	0.81	0.92		-0.11	0.46	0.85	0.88	-0.46	0.25
Other Stockholder Equity	0.21	0.09	-0.46	-0.12	0.2	0.22	0.5	0.09	-0.07	0.06	-0.03	0.21	-0.19	-0.03	0.26	0.59	0.61	0.14	-0.07	-0.11		0.17	0.0	0.09	-0.23	0.6
Total Liab	1.0	0.97	-0.48	0.56	0.77	1.0	0.72	0.96	0.77	0.85	0.35	1.0	-0.46	0.35	0.9	0.79	0.79	0.81	0.49	0.46	0.17		0.77	0.67	0.17	0.77
Property Plant And Equipment Gross	0.75	0.76	-0.38	0.41	0.96	0.75	0.67	0.75	0.97	0.69	0.75	0.75	-0.17	0.75	0.73	0.5	0.54	0.97	0.87	0.85	0.0	0.77		0.95	-0.12	0.48
Total Current Assets	0.67	0.65	-0.35	0.27	0.92	0.66	0.63	0.64	0.9	0.57	0.86	0.66	-0.04	0.86	0.75	0.45	0.5	0.93	0.94	0.88	0.09	0.67	0.95		-0.25	0.44
Short Term Debt	0.14	0.27	0.1	0.82	-0.22	0.15	-0.09	0.28	-0.05	0.17	-0.63	0.15	-0.37	-0.63	0.14	0.0	0.01	-0.15	-0.4	-0.46	-0.23	0.17	-0.12	-0.25		0.02
Common Stock	0.8	0.79	-0.8	0.3	0.64	0.81	0.93	0.79	0.42	0.46	0.12	0.8	-0.35	0.12	0.7	1.0	0.99	0.62	0.2	0.25	0.6	0.77	0.48	0.44	0.02

Click cells to compare fundamentals

Artesian Resources Account Relationship Matchups

Artesian Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	560.4M	593.2M	625.2M	719.8M	767.2M	384.9M
Short Long Term Debt Total	153.8M	171.3M	172.0M	198.3M	181.1M	116.4M
Other Current Liab	6.2M	6.8M	6.9M	8.5M	7.5M	7.6M
Total Current Liabilities	25.6M	43.7M	47.7M	44.1M	22.4M	26.6M
Total Stockholder Equity	160.3M	169.4M	178.0M	187.9M	230.4M	241.9M
Property Plant And Equipment Net	535.0M	563.8M	594.6M	672.2M	718.5M	361.6M
Current Deferred Revenue	2.0M	2.1M	2.3M	2.5M	3.0M	3.1M
Net Debt	153.2M	171.3M	171.9M	197.0M	178.6M	115.6M
Retained Earnings	49.2M	56.6M	63.6M	71.3M	76.7M	80.6M
Accounts Payable	8.2M	6.3M	10.2M	10.9M	9.7M	5.3M
Cash	596K	28K	92K	1.3M	2.5M	2.6M
Non Current Assets Total	546.2M	575.6M	606.1M	692.0M	736.5M	370.5M
Non Currrent Assets Other	(41.1M)	(43.5M)	(41.7M)	(47.1M)	7.4M	7.8M
Cash And Short Term Investments	596K	28K	92K	1.3M	2.5M	2.6M
Net Receivables	8.1M	12.0M	12.2M	16.7M	16.6M	9.1M
Common Stock Total Equity	9.3M	9.4M	9.4M	9.5M	10.9M	6.8M
Common Stock Shares Outstanding	9.3M	9.4M	9.4M	9.5M	10.0M	7.8M
Liabilities And Stockholders Equity	560.4M	593.2M	625.2M	719.8M	767.2M	384.9M
Non Current Liabilities Total	374.5M	380.1M	399.5M	487.8M	514.3M	540.1M
Inventory	1.3M	1.5M	1.9M	4.7M	6.0M	6.3M
Other Current Assets	2.3M	2.2M	2.7M	2.9M	5.6M	5.8M
Other Stockholder Equity	101.8M	103.5M	105.0M	107.1M	143.4M	118.8M
Total Liab	400.1M	423.8M	447.2M	531.9M	536.8M	278.2M
Property Plant And Equipment Gross	535.0M	563.8M	754.9M	846.2M	904.7M	949.9M
Total Current Assets	14.2M	17.6M	19.2M	27.8M	30.6M	32.1M
Short Term Debt	9.2M	28.6M	28.3M	22.2M	2.3M	2.1M
Common Stock	9.3M	9.4M	9.4M	9.5M	10.3M	6.9M
Other Liab	229.9M	237.3M	256.2M	311.7M	358.5M	376.4M
Other Assets	11.1M	575.6M	15.6M	17.8M	20.5M	36.4M
Long Term Debt	144.2M	142.3M	143.3M	175.6M	178.3M	119.8M
Property Plant Equipment	530.7M	559.6M	590.4M	668.0M	768.2M	396.5M
Good Will	288K	623K	0.0	1.9M	2.2M	2.3M
Net Tangible Assets	453.9M	472.0M	497.9M	587.9M	676.0M	369.2M
Retained Earnings Total Equity	49.2M	56.6M	63.6M	71.3M	82.0M	42.8M
Long Term Debt Total	144.2M	142.3M	143.3M	175.6M	202.0M	140.2M
Capital Surpluse	101.8M	103.5M	105.0M	107.1M	123.2M	107.1M
Deferred Long Term Liab	52.7M	50.8M	53.6M	55.0M	63.2M	45.0M
Non Current Liabilities Other	177.6M	186.9M	202.7M	257.2M	247.9M	162.3M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Artesian Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Artesian Resources' short interest history, or implied volatility extrapolated from Artesian Resources options trading.

Pair Trading with Artesian Resources

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 Artesian Resources 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 Artesian Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Artesian Stock

0.65	AWK	American Water Works	Pair Corr
0.61	AWR	American States Water Financial Report 8th of May 2024	Pair Corr

Moving against Artesian Stock

0.46

VIVHY

Vivendi SA PK Earnings Call Tomorrow

Pair Corr

The ability to find closely correlated positions to Artesian Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Artesian Resources 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 Artesian Resources - 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 Artesian Resources to buy it.

The correlation of Artesian Resources 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 Artesian Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Artesian Resources 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 Artesian Resources 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

When determining whether Artesian Resources offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Artesian Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Artesian Resources Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Artesian Resources Stock:

How To Invest In Artesian

Details

Is Artesian Stock a good investment?

Details

What is Artesian Resources' Net Worth?

Details

Largest Water Utilities Companies

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Largest Utilities - Regulated Water Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Artesian Resources. 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.

For information on how to trade Artesian Stock refer to our How to Trade Artesian Stock guide.

You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Artesian Stock analysis

When running Artesian Resources' price analysis, check to measure Artesian Resources' 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 Artesian Resources is operating at the current time. Most of Artesian Resources' value examination focuses on studying past and present price action to predict the probability of Artesian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Artesian Resources' price. Additionally, you may evaluate how the addition of Artesian Resources to your portfolios can decrease your overall portfolio volatility.

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Is Artesian Resources' 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 Artesian Resources. If investors know Artesian 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 Artesian Resources 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

0.383

Dividend Share

1.136

Earnings Share

1.67

Revenue Per Share

9.868

Quarterly Revenue Growth

(0.02)

The market value of Artesian Resources is measured differently than its book value, which is the value of Artesian that is recorded on the company's balance sheet. Investors also form their own opinion of Artesian Resources' value that differs from its market value or its book value, called intrinsic value, which is Artesian Resources' 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 Artesian Resources' market value can be influenced by many factors that don't directly affect Artesian Resources' 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 Artesian Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Artesian Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Artesian Resources' 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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Artesian Retained Earnings vs Net Debt Analysis

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Debt

Artesian Resources fundamental ratios Correlations

Artesian Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Artesian Resources fundamental ratios Accounts

Pair Trading with Artesian Resources

Moving together with Artesian Stock

Moving against Artesian Stock

Complementary Tools for Artesian Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Current Deferred Revenue	- 0.82	Other Current Liab
Common Stock	- 0.8	Other Current Liab
Common Stock Shares Outstanding	- 0.8	Other Current Liab
Common Stock Total Equity	- 0.78	Other Current Liab
Short Term Debt	- 0.63	Cash And Short Term Investments
Short Term Debt	- 0.63	Cash