Consolidated Long Term Debt vs Retained Earnings Analysis
ED Stock | USD 92.93 1.18 1.25% |
Consolidated Edison financial indicator trend analysis is way more than just evaluating Consolidated Edison prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Consolidated Edison is a good investment. Please check the relationship between Consolidated Edison Long Term Debt and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Consolidated Edison. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Consolidated Stock refer to our How to Trade Consolidated Stock guide.
Long Term Debt vs Retained Earnings
Long Term Debt vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Consolidated Edison Long Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Consolidated Edison's Long Term Debt and Retained Earnings is 0.94. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Consolidated Edison, assuming nothing else is changed. The correlation between historical values of Consolidated Edison's Long Term Debt and Retained Earnings 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 of Consolidated Edison are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Debt i.e., Consolidated Edison's Long Term Debt and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.94 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Debt
Long-term debt is a debt that Consolidated Edison has held for over one year. Long-term debt appears on Consolidated Edison balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Consolidated Edison balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.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.Most indicators from Consolidated Edison's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Consolidated Edison 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 Consolidated Edison. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Consolidated Stock refer to our How to Trade Consolidated Stock guide.As of April 28, 2024, Selling General Administrative is expected to decline to about 3.3 B. In addition to that, Tax Provision is expected to decline to about 332.2 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 7.7B | 7.7B | 7.4B | 6.2B | Total Revenue | 13.7B | 15.7B | 14.7B | 10.8B |
Consolidated Edison fundamental ratios Correlations
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Consolidated Edison Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Consolidated Edison fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 329.5M | 335.7M | 349.4M | 355.8M | 349.3M | 290.5M | |
Total Assets | 58.1B | 62.9B | 63.1B | 69.1B | 66.3B | 38.4B | |
Short Long Term Debt Total | 22.5B | 25.1B | 25.4B | 24.4B | 25.0B | 13.0B | |
Other Current Liab | 1.6B | 1.6B | 1.6B | 5.2B | 1.6B | 1.3B | |
Total Current Liabilities | 6.3B | 7.4B | 5.4B | 11.3B | 6.5B | 4.0B | |
Total Stockholder Equity | 18.0B | 18.8B | 20.0B | 12.0B | 21.2B | 10.7B | |
Property Plant And Equipment Net | 44.7B | 47.4B | 49.4B | 47.3B | 50.1B | 27.6B | |
Net Debt | 21.6B | 23.8B | 24.4B | 23.1B | 23.8B | 12.5B | |
Retained Earnings | 11.1B | 11.2B | 11.4B | 12.0B | 13.4B | 8.2B | |
Accounts Payable | 1.2B | 1.5B | 1.5B | 2.0B | 1.8B | 1.1B | |
Cash | 981M | 1.3B | 992M | 1.3B | 1.2B | 1.2B | |
Non Current Assets Total | 53.8B | 57.6B | 57.6B | 48.1B | 59.8B | 32.5B | |
Non Currrent Assets Other | 5.0B | 6.4B | 5.5B | (235M) | 316M | 300.2M | |
Cash And Short Term Investments | 981M | 1.3B | 992M | 1.3B | 1.2B | 1.2B | |
Liabilities And Stockholders Equity | 58.1B | 62.9B | 63.1B | 69.1B | 66.3B | 38.4B | |
Non Current Liabilities Total | 33.6B | 36.5B | 37.4B | 20.1B | 38.7B | 40.6B | |
Other Current Assets | 328M | 497M | 567M | 481M | 405M | 520.7M | |
Other Stockholder Equity | 6.9B | 7.7B | 8.6B | (22M) | 7.7B | 8.1B | |
Total Liab | 39.9B | 43.8B | 42.8B | 48.2B | 45.2B | 26.2B | |
Total Current Assets | 4.3B | 5.3B | 5.6B | 13.0B | 6.5B | 3.6B | |
Short Term Debt | 3.2B | 3.9B | 2.0B | 3.8B | 2.7B | 1.4B | |
Property Plant And Equipment Gross | 44.7B | 47.4B | 48.6B | 46.8B | 64.3B | 67.5B | |
Other Liab | 14.2B | 15.2B | 14.0B | 16.2B | 18.6B | 19.6B | |
Other Assets | 5.4B | 6.9B | 6.1B | 8.0B | 9.2B | 6.7B | |
Long Term Debt | 18.5B | 20.4B | 22.6B | 20.1B | 21.9B | 13.2B | |
Intangible Assets | 131M | 1.7B | 1.6B | 1.5B | 1.3B | 0.0 | |
Property Plant Equipment | 43.9B | 46.6B | 48.6B | 46.8B | 53.8B | 30.2B | |
Noncontrolling Interest In Consolidated Entity | 191M | 218M | 299M | 202M | 232.3M | 243.9M |
Pair Trading with Consolidated Edison
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 Consolidated Edison 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 Consolidated Edison will appreciate offsetting losses from the drop in the long position's value.Moving together with Consolidated Stock
0.64 | D | Dominion Energy Financial Report 3rd of May 2024 | PairCorr |
Moving against Consolidated Stock
0.63 | EBR | Centrais Electricas Financial Report 2nd of May 2024 | PairCorr |
0.41 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Consolidated Edison could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Consolidated Edison 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 Consolidated Edison - 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 Consolidated Edison to buy it.
The correlation of Consolidated Edison 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 Consolidated Edison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consolidated Edison 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 Consolidated Edison 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 Consolidated Edison. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Consolidated Stock refer to our How to Trade Consolidated Stock guide.Note that the Consolidated Edison information on this page should be used as a complementary analysis to other Consolidated Edison'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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Consolidated Stock analysis
When running Consolidated Edison's price analysis, check to measure Consolidated Edison'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 Consolidated Edison is operating at the current time. Most of Consolidated Edison's value examination focuses on studying past and present price action to predict the probability of Consolidated Edison's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Consolidated Edison's price. Additionally, you may evaluate how the addition of Consolidated Edison to your portfolios can decrease your overall portfolio volatility.
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Is Consolidated Edison'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 Consolidated Edison. If investors know Consolidated 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 Consolidated Edison 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 0.821 | Dividend Share 3.24 | Earnings Share 7.21 | Revenue Per Share 42.171 | Quarterly Revenue Growth (0.15) |
The market value of Consolidated Edison is measured differently than its book value, which is the value of Consolidated that is recorded on the company's balance sheet. Investors also form their own opinion of Consolidated Edison's value that differs from its market value or its book value, called intrinsic value, which is Consolidated Edison'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 Consolidated Edison's market value can be influenced by many factors that don't directly affect Consolidated Edison'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 Consolidated Edison's value and its price as these two are different measures arrived at by different means. Investors typically determine if Consolidated Edison is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consolidated Edison'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.