Eversource Tax Assets vs Investments Current Analysis
ES Stock | USD 61.92 0.16 0.26% |
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.
Eversource |
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. Add Fundamental
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.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, whereas Selling General Administrative is likely to drop slightly above 126.3 M in 2024.
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
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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 |
Eversource Energy Investors Sentiment
The influence of Eversource Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Eversource. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Eversource Energy's public news can be used to forecast risks associated with an investment in Eversource. The trend in average sentiment can be used to explain how an investor holding Eversource can time the market purely based on public headlines and social activities around Eversource Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Eversource Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Eversource Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Eversource Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Eversource Energy.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eversource Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eversource Energy's short interest history, or implied volatility extrapolated from Eversource Energy options trading.
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
0.87 | D | Dominion Energy | PairCorr |
0.73 | ED | Consolidated Edison Earnings Call This Week | PairCorr |
0.7 | FE | FirstEnergy | PairCorr |
Moving against Eversource Stock
0.71 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
0.64 | CMS-PC | CMS Energy | PairCorr |
0.54 | EBR | Centrais Electricas | 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Eversource Stock analysis
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 0.058 | Dividend Share 2.74 | Earnings Share (1.19) | Revenue Per Share 32.712 | Quarterly Revenue Growth (0.12) |
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.