Erie Other Stockholder Equity vs Cash Analysis
ERIE Stock | USD 396.63 0.18 0.05% |
Erie Indemnity financial indicator trend analysis is much more than just examining Erie Indemnity latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Erie Indemnity is a good investment. Please check the relationship between Erie Indemnity Other Stockholder Equity and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. 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 information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.
Other Stockholder Equity vs Cash
Other Stockholder Equity vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Erie Indemnity Other Stockholder Equity account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Erie Indemnity's Other Stockholder Equity and Cash is -0.45. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Erie Indemnity, assuming nothing else is changed. The correlation between historical values of Erie Indemnity's Other Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Erie Indemnity are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Stockholder Equity i.e., Erie Indemnity's Other Stockholder Equity and Cash go up and down completely randomly.
Correlation Coefficient | -0.45 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Stockholder Equity
Cash
Cash refers to the most liquid asset of Erie Indemnity, which is listed under current asset account on Erie Indemnity balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Erie Indemnity customers. The amounts must be unrestricted with restricted cash listed in a different Erie Indemnity account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Erie Indemnity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Erie Indemnity 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 Erie Indemnity. 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 information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.At present, Erie Indemnity's Enterprise Value Over EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 28.57, whereas Selling General Administrative is forecasted to decline to about 49.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.7B | 376.8M | 511.2M | 485.7M | Total Revenue | 2.7B | 2.8B | 3.3B | 2.2B |
Erie Indemnity fundamental ratios Correlations
Click cells to compare fundamentals
Erie Indemnity Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Erie Indemnity fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 2.1B | 2.2B | 2.2B | 2.5B | 4.6B | |
Short Long Term Debt Total | 99.7M | 97.8M | 95.9M | 93.8M | 107.9M | 76.9M | |
Total Stockholder Equity | 1.1B | 1.2B | 1.3B | 1.4B | 1.7B | 971.0M | |
Property Plant And Equipment Net | 221.4M | 265.3M | 374.8M | 413.9M | 442.6M | 464.7M | |
Net Debt | (238.9M) | (65.4M) | (89.9M) | (142.1M) | (144.1M) | (151.3M) | |
Retained Earnings | 2.4B | 2.4B | 2.5B | 2.6B | 2.8B | 1.7B | |
Non Current Assets Total | 1.0B | 1.3B | 1.4B | 1.4B | 1.5B | 844.4M | |
Non Currrent Assets Other | (1.0B) | (1.3B) | (1.4B) | (14.1M) | 146.6M | 153.9M | |
Other Assets | 131.6M | 153.2M | 132.2M | 167.1M | 38.6M | 36.7M | |
Net Receivables | 469.1M | 497.3M | 479.1M | 524.9M | 634.8M | 881.9M | |
Common Stock Shares Outstanding | 52.7M | 52.7M | 52.7M | 52.7M | 52.7M | 56.2M | |
Liabilities And Stockholders Equity | 2.0B | 2.1B | 2.2B | 2.2B | 2.5B | 4.6B | |
Non Current Liabilities Total | 114.3M | 112.7M | 109.4M | 502.5M | 100.2M | 95.1M | |
Other Stockholder Equity | (1.1B) | (1.1B) | (1.1B) | (1.1B) | (1.2B) | (1.1B) | |
Total Liab | 883.0M | 929.1M | 899.6M | 791.0M | 847.8M | 805.4M | |
Total Current Assets | 838.6M | 676.2M | 701.2M | 691.3M | 930.2M | 816.3M | |
Other Current Liab | (435.8M) | (452.0M) | (446.1M) | (502.5M) | (41.2M) | (39.1M) | |
Total Current Liabilities | 435.8M | 452.0M | 446.1M | 502.5M | 709.0M | 673.5M | |
Accounts Payable | 397.9M | 413.0M | 409.1M | 465.9M | 175.6M | 151.1M | |
Cash | 336.7M | 161.2M | 183.7M | 142.1M | 144.1M | 179.3M | |
Cash And Short Term Investments | 369.5M | 178.9M | 222.1M | 166.4M | 226.1M | 214.8M | |
Short Term Investments | 32.8M | 17.7M | 38.4M | 24.3M | 82.0M | 77.9M | |
Other Current Assets | 521.9M | 58.7M | 62.5M | 87.5M | (860.9M) | (817.8M) | |
Property Plant And Equipment Gross | 83.1M | 130.8M | 221.4M | 265.3M | 305.1M | 320.4M | |
Accumulated Other Comprehensive Income | (116.9M) | (78.1M) | (25.3M) | (7.4M) | 9.7M | 10.2M | |
Other Liab | 188.8M | 207.6M | 177.0M | 125.9M | 113.3M | 107.7M | |
Property Plant Equipment | 243.8M | 265.3M | 374.8M | 413.9M | 476.0M | 499.8M | |
Net Tangible Assets | 1.1B | 1.2B | 1.3B | 1.4B | 1.3B | 1.5B | |
Long Term Debt | 97.9M | 95.8M | 93.8M | 91.7M | 105.5M | 110.8M | |
Retained Earnings Total Equity | 2.4B | 2.4B | 2.5B | 2.6B | 3.0B | 1.5B | |
Deferred Long Term Liab | 13.7M | 14.9M | 14.6M | 27.8M | 25.0M | 23.8M | |
Long Term Investments | 724.7M | 973.0M | 966.4M | 930.9M | 1.0B | 993.2M | |
Non Current Liabilities Other | 185.7M | 192.7M | 162.4M | 98.1M | 88.3M | 83.9M | |
Capital Surpluse | 16.5M | 16.5M | 16.5M | 16.5M | 19.0M | 18.1M | |
Short Term Debt | 2.0M | 2.0M | 2.1M | 300.0M | 533.4M | 560.0M | |
Long Term Debt Total | 97.9M | 95.8M | 93.8M | 91.7M | 105.5M | 87.8M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Erie Indemnity is a strong investment it is important to analyze Erie Indemnity's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Erie Indemnity's future performance. For an informed investment choice regarding Erie Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. 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 information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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Is Erie Indemnity'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 Erie Indemnity. If investors know Erie 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 Erie Indemnity 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 0.443 | Dividend Share 4.93 | Earnings Share 9.25 | Revenue Per Share 73.549 | Quarterly Revenue Growth 0.17 |
The market value of Erie Indemnity is measured differently than its book value, which is the value of Erie that is recorded on the company's balance sheet. Investors also form their own opinion of Erie Indemnity's value that differs from its market value or its book value, called intrinsic value, which is Erie Indemnity'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 Erie Indemnity's market value can be influenced by many factors that don't directly affect Erie Indemnity'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 Erie Indemnity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erie Indemnity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erie Indemnity'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.