Edison Consolidated Income vs Interest Expense Analysis
EIX Stock | USD 68.13 0.09 0.13% |
Trend analysis of Edison International balance sheet accounts such as Short and Long Term Debt Total of 37.1 B or Other Current Liab of 2.6 B provides information on Edison International's total assets, liabilities, and equity, which is the actual value of Edison International to its prevalent stockholders. By breaking down trends over time using Edison International balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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About Edison Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Edison International at a specified time, usually calculated after every quarter, six months, or one year. Edison International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Edison International and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Edison currently owns. An asset can also be divided into two categories, current and non-current.
Edison International Balance Sheet Chart
Edison International Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Edison International uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Edison International's Total Permanent Equity is fairly stable compared to the past year. Additional Paid In Capital is likely to rise to about 3.1 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 297.7 M in 2024. Add Fundamental
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Assets
Total assets refers to the total amount of Edison International assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Edison International books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Edison International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Edison International 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 Edison International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Edison Stock please use our How to Invest in Edison International guide.At this time, Edison International's Selling General Administrative is fairly stable compared to the past year. Discontinued Operations is likely to rise to about 40.3 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 18.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.7B | 6.1B | 6.7B | 4.9B | Total Revenue | 14.9B | 17.2B | 16.3B | 11.9B |
Edison International fundamental ratios Correlations
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Edison International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Edison International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 341M | 374M | 380M | 383M | 385M | 297.7M | |
Total Assets | 64.4B | 69.4B | 74.7B | 78.0B | 81.8B | 49.1B | |
Short Long Term Debt Total | 19.6B | 24.1B | 29.5B | 33.1B | 35.3B | 37.1B | |
Other Current Liab | 2.4B | 4.4B | 2.4B | 2.7B | 2.5B | 2.6B | |
Total Current Liabilities | 5.5B | 10.3B | 8.6B | 10.3B | 8.6B | 6.4B | |
Total Stockholder Equity | 13.3B | 14.0B | 15.9B | 15.6B | 15.5B | 10.3B | |
Property Plant And Equipment Net | 45.0B | 48.9B | 52.6B | 54.9B | 57.3B | 28.7B | |
Net Debt | 19.5B | 24.1B | 29.1B | 32.2B | 35.0B | 36.7B | |
Retained Earnings | 8.4B | 8.2B | 7.9B | 7.5B | 7.5B | 6.5B | |
Accounts Payable | 1.8B | 2.0B | 2.0B | 2.4B | 2.0B | 1.4B | |
Cash | 68M | 87M | 390M | 914M | 345M | 327.8M | |
Non Current Assets Total | 60.8B | 64.3B | 69.3B | 71.0B | 74.9B | 44.3B | |
Non Currrent Assets Other | 11.2B | 10.5B | 11.7B | 11.4B | 4.0B | 6.7B | |
Cash And Short Term Investments | 68M | 87M | 390M | 914M | 345M | 327.8M | |
Net Receivables | 1.4B | 2.4B | 2.2B | 2.3B | 2.8B | 1.6B | |
Common Stock Total Equity | 5.0B | 6.0B | 6.1B | 6.2B | 7.1B | 7.5B | |
Liabilities And Stockholders Equity | 64.4B | 69.4B | 74.7B | 78.0B | 81.8B | 49.1B | |
Non Current Liabilities Total | 43.4B | 43.1B | 48.3B | 50.2B | 55.2B | 31.6B | |
Inventory | 364M | 405M | 420M | 474M | 527M | 397.1M | |
Other Current Assets | 1.4B | 1.9B | 2.2B | 3.1B | 3.1B | 3.2B | |
Other Stockholder Equity | 13.3B | 14.0B | (54M) | 2.0B | 1.8B | 1.7B | |
Total Liab | 48.9B | 53.4B | 57.0B | 60.5B | 63.8B | 37.6B | |
Property Plant And Equipment Gross | 45.0B | 48.9B | 50.7B | 53.5B | 70.3B | 73.8B | |
Total Current Assets | 3.6B | 5.1B | 5.5B | 7.1B | 6.8B | 4.8B | |
Short Term Debt | 1.1B | 3.6B | 4.0B | 5.1B | 3.9B | 2.2B | |
Common Stock | 5.0B | 6.0B | 6.1B | 6.2B | 6.3B | 6.7B | |
Other Liab | 24.9B | 22.6B | 22.8B | 22.2B | 25.5B | 15.0B | |
Current Deferred Revenue | 299M | 302M | 243M | 167M | 177M | 347.6M | |
Other Assets | 15.9B | 15.3B | 16.7B | 11.6B | 13.3B | 9.0B | |
Long Term Debt | 17.9B | 19.6B | 24.2B | 27.0B | 30.3B | 15.2B | |
Property Plant Equipment | 44.3B | 47.8B | 50.7B | 1.7B | 1.9B | 1.8B | |
Net Tangible Assets | 13.3B | 14.0B | 13.9B | 13.6B | 15.7B | 12.8B | |
Retained Earnings Total Equity | 8.4B | 8.2B | 7.9B | 7.5B | 8.6B | 8.4B | |
Long Term Debt Total | 17.9B | 19.6B | 24.2B | 27.0B | 31.1B | 16.3B |
Pair Trading with Edison International
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 Edison International 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 Edison International will appreciate offsetting losses from the drop in the long position's value.Moving together with Edison Stock
0.87 | D | Dominion Energy Financial Report 3rd of May 2024 | PairCorr |
0.62 | ED | Consolidated Edison Financial Report 2nd of May 2024 | PairCorr |
0.65 | ES | Eversource Energy Financial Report 1st of May 2024 | PairCorr |
0.64 | FE | FirstEnergy Earnings Call This Week | PairCorr |
Moving against Edison Stock
0.63 | HE | Hawaiian Electric Buyout Trend | PairCorr |
The ability to find closely correlated positions to Edison International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edison International 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 Edison International - 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 Edison International to buy it.
The correlation of Edison International 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 Edison International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edison International 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 Edison International 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 Edison International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Edison Stock please use our How to Invest in Edison International guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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When running Edison International's price analysis, check to measure Edison International'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 Edison International is operating at the current time. Most of Edison International's value examination focuses on studying past and present price action to predict the probability of Edison International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edison International's price. Additionally, you may evaluate how the addition of Edison International to your portfolios can decrease your overall portfolio volatility.
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Is Edison International'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 Edison International. If investors know Edison 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 Edison International 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 (0.09) | Dividend Share 2.993 | Earnings Share 3.11 | Revenue Per Share 42.658 | Quarterly Revenue Growth (0.08) |
The market value of Edison International is measured differently than its book value, which is the value of Edison that is recorded on the company's balance sheet. Investors also form their own opinion of Edison International's value that differs from its market value or its book value, called intrinsic value, which is Edison International'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 Edison International's market value can be influenced by many factors that don't directly affect Edison International'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 Edison International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edison International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edison International'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.