Eversource Interest Expense vs Accounts Payable Analysis
ES Stock | USD 59.77 0.79 1.34% |
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 Expense 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 Expense vs Accounts Payable
Interest Expense 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 Expense account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Eversource Energy's Interest Expense and Accounts Payable is 0.93. Overlapping area represents the amount of variation of Interest Expense 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 Expense 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 Expense 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 Expense i.e., Eversource Energy's Interest Expense and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.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 Profit | 4.8B | 5.4B | 3.3B | 3.2B | Total Revenue | 9.9B | 12.3B | 11.9B | 6.3B |
Eversource Energy fundamental ratios Correlations
Click cells to compare fundamentals
Eversource Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eversource Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 322.9M | 339.8M | 344.6M | 347.2M | 349.6M | 208.8M | |
Total Assets | 41.1B | 46.1B | 48.5B | 53.2B | 55.6B | 58.4B | |
Short Long Term Debt Total | 15.6B | 18.0B | 20.2B | 22.9B | 26.9B | 28.2B | |
Other Current Liab | 1.2B | 1.2B | 1.4B | (5.1T) | 1.7B | 1.7B | |
Total Current Liabilities | 3.6B | 4.9B | 5.8B | 6.8B | 6.3B | 6.7B | |
Total Stockholder Equity | 12.6B | 14.1B | 14.6B | 15.5B | 14.2B | 7.1B | |
Property Plant And Equipment Net | 27.6B | 30.9B | 33.4B | 36.1B | 39.6B | 41.5B | |
Net Debt | 15.6B | 17.9B | 20.2B | 22.6B | 26.8B | 28.2B | |
Retained Earnings | 4.2B | 4.6B | 5.0B | 5.5B | 4.1B | 2.2B | |
Accounts Payable | 1.1B | 1.4B | 1.7B | 2.1B | 1.9B | 2.0B | |
Cash | 15.4M | 106.6M | 66.8M | 374.6M | 53.9M | 77.2M | |
Non Current Assets Total | 38.7B | 43.0B | 45.2B | 49.0B | 51.4B | 53.9B | |
Non Currrent Assets Other | 512.2M | 583.9M | 883.8M | (5.1T) | (5.3T) | (5.0T) | |
Cash And Short Term Investments | 15.4M | 106.6M | 66.8M | 374.6M | 53.9M | 88.4M | |
Net Receivables | 1.2B | 1.4B | 1.4B | 1.8B | 1.7B | 990.3M | |
Liabilities And Stockholders Equity | 41.1B | 46.1B | 48.5B | 53.2B | 55.6B | 58.4B | |
Non Current Liabilities Total | 24.7B | 27.0B | 27.9B | 30.8B | 34.9B | 41.7B | |
Inventory | 235.5M | 265.6M | 267.5M | 374.4M | 507.3M | 267.0M | |
Other Current Assets | 651.1M | 1.1B | 1.1B | 1.7B | 2.0B | 2.1B | |
Other Stockholder Equity | (148.8B) | (147.8B) | (147.7B) | (147.4B) | (157.4B) | (149.5B) | |
Total Liab | 28.3B | 31.9B | 33.7B | 37.6B | 41.3B | 43.3B | |
Property Plant And Equipment Gross | 27.6B | 30.9B | 42.8B | 46.0B | 50.0B | 52.5B | |
Total Current Assets | 2.4B | 3.1B | 3.3B | 4.2B | 4.2B | 2.1B | |
Accumulated Other Comprehensive Income | (65.1M) | (76.4M) | (42.3M) | (39.4M) | 10.1B | 10.6B | |
Short Term Debt | 1.3B | 2.3B | 2.7B | 2.8B | 2.8B | 3.0B | |
Other Liab | 10.4B | 11.2B | 10.3B | 10.6B | 12.2B | 12.8B | |
Other Assets | (30K) | 23K | (50K) | 20K | 1.0 | 0.95 | |
Long Term Debt | 13.8B | 15.1B | 17.0B | 19.7B | 24.0B | 25.2B | |
Property Plant Equipment | 27.6B | 30.9B | 33.4B | 36.1B | 41.5B | 43.6B | |
Treasury Stock | (299.1M) | (278.0M) | (250.9M) | (216.2M) | (248.7M) | (261.1M) | |
Retained Earnings Total Equity | 4.2B | 4.6B | 5.0B | 5.5B | 6.4B | 6.7B | |
Deferred Long Term Liab | 4.9B | 5.5B | 4.6B | 4.2B | 4.9B | 3.4B | |
Net Tangible Assets | 8.9B | 14.7B | 15.2B | 16.0B | 18.4B | 16.1B |
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
0.76 | D | 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.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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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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.