Eversource Interest Coverage vs Accounts Payable Analysis

ES Stock  USD 58.98  2.69  4.78%   
Eversource Energy financial indicator trend analysis is much more than just examining Eversource Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eversource Energy is a good investment. Please check the relationship between Eversource Energy Interest Coverage and its Accounts Payable accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eversource Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.

Interest Coverage vs Accounts Payable

Interest Coverage vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eversource Energy Interest Coverage account and Accounts Payable. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Eversource Energy's Interest Coverage and Accounts Payable is -0.26. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Eversource Energy, assuming nothing else is changed. The correlation between historical values of Eversource Energy's Interest Coverage and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Eversource Energy are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Interest Coverage i.e., Eversource Energy's Interest Coverage and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Interest Coverage

Accounts Payable

An accounting item on the balance sheet that represents Eversource Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Eversource Energy are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Eversource Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eversource Energy 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 Eversource Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.Tax Provision is likely to gain to about 314.7 M in 2024, despite the fact that Selling General Administrative is likely to grow to (126.3 M).
 2021 2022 2023 2024 (projected)
Gross Profit4.8B5.4B3.3B3.2B
Total Revenue9.9B12.3B11.9B6.3B

Eversource Energy fundamental ratios Correlations

0.580.41-0.210.530.930.540.150.410.780.480.290.59-0.220.180.880.970.430.510.33-0.520.510.440.810.550.97
0.580.97-0.320.970.741.00.770.970.740.960.481.0-0.410.370.760.640.980.450.89-0.630.990.970.790.920.65
0.410.97-0.310.960.60.990.871.00.640.970.470.97-0.430.360.660.50.990.460.93-0.560.990.990.720.90.51
-0.21-0.32-0.31-0.44-0.38-0.31-0.39-0.3-0.47-0.49-0.94-0.320.31-0.92-0.45-0.17-0.26-0.29-0.360.13-0.32-0.36-0.5-0.34-0.17
0.530.970.96-0.440.70.960.850.950.70.980.590.96-0.440.520.750.60.940.50.91-0.590.970.970.80.970.61
0.930.740.6-0.380.70.70.360.60.930.670.480.74-0.190.350.920.920.590.480.49-0.560.680.620.90.690.92
0.541.00.99-0.310.960.70.80.990.720.970.461.0-0.430.350.730.60.990.450.9-0.631.00.980.770.910.61
0.150.770.87-0.390.850.360.80.870.420.870.460.77-0.40.40.480.240.810.490.88-0.340.810.90.590.790.25
0.410.971.0-0.30.950.60.990.870.630.970.460.97-0.430.350.650.490.990.460.93-0.560.990.990.720.90.51
0.780.740.64-0.470.70.930.720.420.630.730.580.74-0.170.440.830.730.610.320.47-0.60.70.660.830.640.73
0.480.960.97-0.490.980.670.970.870.970.730.620.96-0.420.530.740.530.950.470.91-0.570.970.980.790.910.54
0.290.480.47-0.940.590.480.460.460.460.580.620.48-0.310.950.530.250.420.260.46-0.210.470.490.570.520.25
0.591.00.97-0.320.960.741.00.770.970.740.960.48-0.40.360.760.640.980.440.88-0.630.990.970.780.920.65
-0.22-0.41-0.430.31-0.44-0.19-0.43-0.4-0.43-0.17-0.42-0.31-0.4-0.25-0.32-0.27-0.43-0.53-0.580.52-0.42-0.44-0.38-0.46-0.27
0.180.370.36-0.920.520.350.350.40.350.440.530.950.36-0.250.420.170.310.20.39-0.190.370.390.470.450.17
0.880.760.66-0.450.750.920.730.480.650.830.740.530.76-0.320.420.890.640.690.63-0.440.720.680.970.710.89
0.970.640.5-0.170.60.920.60.240.490.730.530.250.64-0.270.170.890.50.60.44-0.540.580.510.850.621.0
0.430.980.99-0.260.940.590.990.810.990.610.950.420.98-0.430.310.640.50.390.92-0.590.990.970.670.880.51
0.510.450.46-0.290.50.480.450.490.460.320.470.260.44-0.530.20.690.60.390.62-0.180.450.490.750.480.6
0.330.890.93-0.360.910.490.90.880.930.470.910.460.88-0.580.390.630.440.920.62-0.470.910.940.710.880.45
-0.52-0.63-0.560.13-0.59-0.56-0.63-0.34-0.56-0.6-0.57-0.21-0.630.52-0.19-0.44-0.54-0.59-0.18-0.47-0.61-0.56-0.48-0.61-0.54
0.510.990.99-0.320.970.681.00.810.990.70.970.470.99-0.420.370.720.580.990.450.91-0.610.980.760.910.59
0.440.970.99-0.360.970.620.980.90.990.660.980.490.97-0.440.390.680.510.970.490.94-0.560.980.750.920.52
0.810.790.72-0.50.80.90.770.590.720.830.790.570.78-0.380.470.970.850.670.750.71-0.480.760.750.770.85
0.550.920.9-0.340.970.690.910.790.90.640.910.520.92-0.460.450.710.620.880.480.88-0.610.910.920.770.63
0.970.650.51-0.170.610.920.610.250.510.730.540.250.65-0.270.170.891.00.510.60.45-0.540.590.520.850.63
Click cells to compare fundamentals

Eversource Energy Account Relationship Matchups

Eversource Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding322.9M339.8M344.6M347.2M349.6M208.8M
Total Assets41.1B46.1B48.5B53.2B55.6B58.4B
Short Long Term Debt Total15.6B18.0B20.2B22.9B26.9B28.2B
Other Current Liab1.2B1.2B1.4B(5.1T)1.7B1.7B
Total Current Liabilities3.6B4.9B5.8B6.8B6.3B6.7B
Total Stockholder Equity12.6B14.1B14.6B15.5B14.2B7.1B
Property Plant And Equipment Net27.6B30.9B33.4B36.1B39.6B41.5B
Net Debt15.6B17.9B20.2B22.6B26.8B28.2B
Retained Earnings4.2B4.6B5.0B5.5B4.1B2.2B
Accounts Payable1.1B1.4B1.7B2.1B1.9B2.0B
Cash15.4M106.6M66.8M374.6M53.9M77.2M
Non Current Assets Total38.7B43.0B45.2B49.0B51.4B53.9B
Non Currrent Assets Other512.2M583.9M883.8M(5.1T)(5.3T)(5.0T)
Cash And Short Term Investments15.4M106.6M66.8M374.6M53.9M88.4M
Net Receivables1.2B1.4B1.4B1.8B1.7B990.3M
Liabilities And Stockholders Equity41.1B46.1B48.5B53.2B55.6B58.4B
Non Current Liabilities Total24.7B27.0B27.9B30.8B34.9B41.7B
Inventory235.5M265.6M267.5M374.4M507.3M267.0M
Other Current Assets651.1M1.1B1.1B1.7B2.0B2.1B
Other Stockholder Equity(148.8B)(147.8B)(147.7B)(147.4B)(157.4B)(149.5B)
Total Liab28.3B31.9B33.7B37.6B41.3B43.3B
Property Plant And Equipment Gross27.6B30.9B42.8B46.0B50.0B52.5B
Total Current Assets2.4B3.1B3.3B4.2B4.2B2.1B
Accumulated Other Comprehensive Income(65.1M)(76.4M)(42.3M)(39.4M)10.1B10.6B
Short Term Debt1.3B2.3B2.7B2.8B2.8B3.0B
Other Liab10.4B11.2B10.3B10.6B12.2B12.8B
Other Assets(30K)23K(50K)20K1.00.95
Long Term Debt13.8B15.1B17.0B19.7B24.0B25.2B
Property Plant Equipment27.6B30.9B33.4B36.1B41.5B43.6B
Treasury Stock(299.1M)(278.0M)(250.9M)(216.2M)(248.7M)(261.1M)
Retained Earnings Total Equity4.2B4.6B5.0B5.5B6.4B6.7B
Deferred Long Term Liab4.9B5.5B4.6B4.2B4.9B3.4B
Net Tangible Assets8.9B14.7B15.2B16.0B18.4B16.1B

Pair Trading with Eversource Energy

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 Eversource Energy 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 Eversource Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eversource Stock

  0.75D Dominion Energy Financial Report 3rd of May 2024 PairCorr
The ability to find closely correlated positions to Eversource Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eversource Energy 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 Eversource Energy - 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 Eversource Energy to buy it.
The correlation of Eversource Energy 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 Eversource Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eversource Energy 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 Eversource Energy 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 CorrelationCorrelation Matching
When determining whether Eversource Energy is a strong investment it is important to analyze Eversource Energy'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 Eversource Energy's future performance. For an informed investment choice regarding Eversource Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eversource Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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Is Eversource Energy'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 Eversource Energy. If investors know Eversource 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 Eversource Energy 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
(0.03)
Dividend Share
2.7
Earnings Share
(1.27)
Revenue Per Share
34.071
Quarterly Revenue Growth
(0.11)
The market value of Eversource Energy is measured differently than its book value, which is the value of Eversource that is recorded on the company's balance sheet. Investors also form their own opinion of Eversource Energy's value that differs from its market value or its book value, called intrinsic value, which is Eversource Energy'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 Eversource Energy's market value can be influenced by many factors that don't directly affect Eversource Energy'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 Eversource Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eversource Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eversource Energy'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.