Eversource Operating Income vs Interest Coverage Analysis

ES Stock

USD 58.51 1.31 2.29%

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 Operating Income and its Interest Coverage 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.

Operating Income vs Interest Coverage

Operating Income vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eversource Energy Operating Income account and Interest Coverage. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Eversource Energy's Operating Income and Interest Coverage is -0.26. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Interest Coverage 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 Operating Income and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Eversource Energy are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Operating Income i.e., Eversource Energy's Operating Income and Interest Coverage go up and down completely randomly.

Correlation Coefficient

-0.26

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Eversource Energy operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Eversource Energy is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Interest Coverage

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.At this time, Eversource Energy's Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 50.8 B 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

Gross Profit Total Revenue

Eversource Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.58	0.41	-0.21	0.53	0.93	0.54	0.15	0.41	0.78	0.48	0.29	0.59	-0.22	0.18	0.88	0.97	0.43	0.51	0.33	-0.52	0.51	0.44	0.81	0.55	0.97
Total Assets	0.58		0.97	-0.32	0.97	0.74	1.0	0.77	0.97	0.74	0.96	0.48	1.0	-0.41	0.37	0.76	0.64	0.98	0.45	0.89	-0.63	0.99	0.97	0.79	0.92	0.65
Short Long Term Debt Total	0.41	0.97		-0.31	0.96	0.6	0.99	0.87	1.0	0.64	0.97	0.47	0.97	-0.43	0.36	0.66	0.5	0.99	0.46	0.93	-0.56	0.99	0.99	0.72	0.9	0.51
Other Current Liab	-0.21	-0.32	-0.31		-0.44	-0.38	-0.31	-0.39	-0.3	-0.47	-0.49	-0.94	-0.32	0.31	-0.92	-0.45	-0.17	-0.26	-0.29	-0.36	0.13	-0.32	-0.36	-0.5	-0.34	-0.17
Total Current Liabilities	0.53	0.97	0.96	-0.44		0.7	0.96	0.85	0.95	0.7	0.98	0.59	0.96	-0.44	0.52	0.75	0.6	0.94	0.5	0.91	-0.59	0.97	0.97	0.8	0.97	0.61
Total Stockholder Equity	0.93	0.74	0.6	-0.38	0.7		0.7	0.36	0.6	0.93	0.67	0.48	0.74	-0.19	0.35	0.92	0.92	0.59	0.48	0.49	-0.56	0.68	0.62	0.9	0.69	0.92
Property Plant And Equipment Net	0.54	1.0	0.99	-0.31	0.96	0.7		0.8	0.99	0.72	0.97	0.46	1.0	-0.43	0.35	0.73	0.6	0.99	0.45	0.9	-0.63	1.0	0.98	0.77	0.91	0.61
Current Deferred Revenue	0.15	0.77	0.87	-0.39	0.85	0.36	0.8		0.87	0.42	0.87	0.46	0.77	-0.4	0.4	0.48	0.24	0.81	0.49	0.88	-0.34	0.81	0.9	0.59	0.79	0.25
Net Debt	0.41	0.97	1.0	-0.3	0.95	0.6	0.99	0.87		0.63	0.97	0.46	0.97	-0.43	0.35	0.65	0.49	0.99	0.46	0.93	-0.56	0.99	0.99	0.72	0.9	0.51
Retained Earnings	0.78	0.74	0.64	-0.47	0.7	0.93	0.72	0.42	0.63		0.73	0.58	0.74	-0.17	0.44	0.83	0.73	0.61	0.32	0.47	-0.6	0.7	0.66	0.83	0.64	0.73
Accounts Payable	0.48	0.96	0.97	-0.49	0.98	0.67	0.97	0.87	0.97	0.73		0.62	0.96	-0.42	0.53	0.74	0.53	0.95	0.47	0.91	-0.57	0.97	0.98	0.79	0.91	0.54
Cash	0.29	0.48	0.47	-0.94	0.59	0.48	0.46	0.46	0.46	0.58	0.62		0.48	-0.31	0.95	0.53	0.25	0.42	0.26	0.46	-0.21	0.47	0.49	0.57	0.52	0.25
Non Current Assets Total	0.59	1.0	0.97	-0.32	0.96	0.74	1.0	0.77	0.97	0.74	0.96	0.48		-0.4	0.36	0.76	0.64	0.98	0.44	0.88	-0.63	0.99	0.97	0.78	0.92	0.65
Non Currrent Assets Other	-0.22	-0.41	-0.43	0.31	-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	-0.58	0.52	-0.42	-0.44	-0.38	-0.46	-0.27
Cash And Short Term Investments	0.18	0.37	0.36	-0.92	0.52	0.35	0.35	0.4	0.35	0.44	0.53	0.95	0.36	-0.25		0.42	0.17	0.31	0.2	0.39	-0.19	0.37	0.39	0.47	0.45	0.17
Net Receivables	0.88	0.76	0.66	-0.45	0.75	0.92	0.73	0.48	0.65	0.83	0.74	0.53	0.76	-0.32	0.42		0.89	0.64	0.69	0.63	-0.44	0.72	0.68	0.97	0.71	0.89
Common Stock Total Equity	0.97	0.64	0.5	-0.17	0.6	0.92	0.6	0.24	0.49	0.73	0.53	0.25	0.64	-0.27	0.17	0.89		0.5	0.6	0.44	-0.54	0.58	0.51	0.85	0.62	1.0
Non Current Liabilities Total	0.43	0.98	0.99	-0.26	0.94	0.59	0.99	0.81	0.99	0.61	0.95	0.42	0.98	-0.43	0.31	0.64	0.5		0.39	0.92	-0.59	0.99	0.97	0.67	0.88	0.51
Inventory	0.51	0.45	0.46	-0.29	0.5	0.48	0.45	0.49	0.46	0.32	0.47	0.26	0.44	-0.53	0.2	0.69	0.6	0.39		0.62	-0.18	0.45	0.49	0.75	0.48	0.6
Other Current Assets	0.33	0.89	0.93	-0.36	0.91	0.49	0.9	0.88	0.93	0.47	0.91	0.46	0.88	-0.58	0.39	0.63	0.44	0.92	0.62		-0.47	0.91	0.94	0.71	0.88	0.45
Other Stockholder Equity	-0.52	-0.63	-0.56	0.13	-0.59	-0.56	-0.63	-0.34	-0.56	-0.6	-0.57	-0.21	-0.63	0.52	-0.19	-0.44	-0.54	-0.59	-0.18	-0.47		-0.61	-0.56	-0.48	-0.61	-0.54
Total Liab	0.51	0.99	0.99	-0.32	0.97	0.68	1.0	0.81	0.99	0.7	0.97	0.47	0.99	-0.42	0.37	0.72	0.58	0.99	0.45	0.91	-0.61		0.98	0.76	0.91	0.59
Property Plant And Equipment Gross	0.44	0.97	0.99	-0.36	0.97	0.62	0.98	0.9	0.99	0.66	0.98	0.49	0.97	-0.44	0.39	0.68	0.51	0.97	0.49	0.94	-0.56	0.98		0.75	0.92	0.52
Total Current Assets	0.81	0.79	0.72	-0.5	0.8	0.9	0.77	0.59	0.72	0.83	0.79	0.57	0.78	-0.38	0.47	0.97	0.85	0.67	0.75	0.71	-0.48	0.76	0.75		0.77	0.85
Short Term Debt	0.55	0.92	0.9	-0.34	0.97	0.69	0.91	0.79	0.9	0.64	0.91	0.52	0.92	-0.46	0.45	0.71	0.62	0.88	0.48	0.88	-0.61	0.91	0.92	0.77		0.63
Common Stock	0.97	0.65	0.51	-0.17	0.61	0.92	0.61	0.25	0.51	0.73	0.54	0.25	0.65	-0.27	0.17	0.89	1.0	0.51	0.6	0.45	-0.54	0.59	0.52	0.85	0.63

Click cells to compare fundamentals

Eversource Energy Account Relationship Matchups

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

0.85	D	Dominion Energy Buyout Trend	Pair Corr
0.79	FE	FirstEnergy Financial Report 25th of April 2024	Pair Corr

Moving against Eversource Stock

0.73	HE	Hawaiian Electric Financial Report 14th of May 2024	Pair Corr
0.52	EDN	Empresa Distribuidora Financial Report 9th of May 2024	Pair Corr

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 Correlation Correlation 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:

How To Invest In Eversource

Details

Is Eversource Stock a good investment?

Details

What is Eversource Energy's Net Worth?

Details

Largest Electric Utilities Companies

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Largest Utilities - Regulated Electric Companies

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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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running Eversource Energy's price analysis, check to measure Eversource Energy'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 Eversource Energy is operating at the current time. Most of Eversource Energy's value examination focuses on studying past and present price action to predict the probability of Eversource Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eversource Energy's price. Additionally, you may evaluate how the addition of Eversource Energy to your portfolios can decrease your overall portfolio volatility.

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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.

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Eversource Operating Income vs Interest Coverage Analysis

Operating Income vs Interest Coverage

Operating Income vs Interest Coverage Correlation Analysis

Correlation Coefficient

Operating Income

Interest Coverage

Eversource Energy fundamental ratios Correlations

Eversource Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eversource Energy fundamental ratios Accounts

Pair Trading with Eversource Energy

Moving together with Eversource Stock

Moving against Eversource Stock

Complementary Tools for Eversource Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity

Cash	- 0.94	Other Current Liab
Cash And Short Term Investments	- 0.92	Other Current Liab
Other Stockholder Equity	- 0.63	Non Current Assets Total
Other Stockholder Equity	- 0.63	Property Plant And Equipment Net
Other Stockholder Equity	- 0.63	Total Assets
Short Term Debt	- 0.61	Other Stockholder Equity