Eversource Net Income Common Stock vs Accounts Payable Analysis

ES Stock  USD 58.98  2.69  4.78%   
Trend analysis of Eversource Energy balance sheet accounts such as Short and Long Term Debt Total of 28.2 B provides information on Eversource Energy's total assets, liabilities, and equity, which is the actual value of Eversource Energy to its prevalent stockholders. By breaking down trends over time using Eversource Energy 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.
  
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.

About Eversource Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Eversource Energy at a specified time, usually calculated after every quarter, six months, or one year. Eversource Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eversource Energy 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 Eversource currently owns. An asset can also be divided into two categories, current and non-current.

Eversource Energy Balance Sheet Chart

Eversource Energy 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 Eversource Energy uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Eversource Energy's Cash is comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 53.9 B in 2024, whereas Total Stockholder Equity is likely to drop slightly above 7.1 B in 2024.

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 Eversource Energy 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 Eversource Energy 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.

Total Current Liabilities

Total Current Liabilities is an item on Eversource Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Eversource Energy are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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.