ESCO Operating Income vs Interest Expense Analysis
ESE Stock | USD 98.68 1.42 1.46% |
ESCO Technologies financial indicator trend analysis is much more than just examining ESCO Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ESCO Technologies is a good investment. Please check the relationship between ESCO Technologies Operating Income and its Interest Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESCO Technologies. 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 information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.
Operating Income vs Interest Expense
Operating Income vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ESCO Technologies Operating Income account and Interest Expense. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ESCO Technologies' Operating Income and Interest Expense is 0.91. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of ESCO Technologies, assuming nothing else is changed. The correlation between historical values of ESCO Technologies' Operating Income and Interest Expense 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 ESCO Technologies are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Operating Income i.e., ESCO Technologies' Operating Income and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Operating Income
Operating Income is the amount of profit realized from ESCO Technologies 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 ESCO Technologies 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 Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from ESCO Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ESCO Technologies 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 ESCO Technologies. 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 information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.At present, ESCO Technologies' Enterprise Value Multiple is projected to slightly grow based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 1.7 B, whereas Discontinued Operations is projected to grow to (656.6 K).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 332.0M | 375.7M | 432.0M | 453.6M | Total Revenue | 857.5M | 956.0M | 1.1B | 599.8M |
ESCO Technologies fundamental ratios Correlations
Click cells to compare fundamentals
ESCO Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ESCO Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.4B | 1.6B | 1.7B | 1.7B | 1.9B | 2.0B | |
Short Long Term Debt Total | 79.2M | 182.0M | 177.9M | 138.6M | 159.3M | 102.8M | |
Other Current Liab | 82.6M | 92.3M | 94.4M | 95.4M | 109.7M | 60.7M | |
Total Current Liabilities | 256.0M | 277.8M | 318.1M | 314.7M | 361.8M | 379.9M | |
Total Stockholder Equity | 961.6M | 1.0B | 1.0B | 1.1B | 1.3B | 1.4B | |
Property Plant And Equipment Net | 161.3M | 186.1M | 185.1M | 195.3M | 224.6M | 235.9M | |
Net Debt | 26.6M | 125.8M | 80.1M | 96.7M | 111.2M | 57.5M | |
Accounts Payable | 50.5M | 56.7M | 78.7M | 87.0M | 100.0M | 51.4M | |
Cash | 52.6M | 56.2M | 97.7M | 41.9M | 48.1M | 39.2M | |
Non Current Assets Total | 926.9M | 1.1B | 1.1B | 1.1B | 1.3B | 1.3B | |
Non Currrent Assets Other | 10.9M | 11.0M | 9.5M | 11.5M | 10.3M | 9.8M | |
Cash And Short Term Investments | 52.6M | 56.2M | 97.7M | 41.9M | 48.1M | 39.2M | |
Net Receivables | 240.8M | 240.1M | 289.8M | 337.2M | 387.8M | 407.2M | |
Common Stock Shares Outstanding | 26.1M | 26.2M | 26.1M | 25.9M | 29.8M | 27.9M | |
Liabilities And Stockholders Equity | 1.4B | 1.6B | 1.7B | 1.7B | 1.9B | 2.0B | |
Non Current Liabilities Total | 155.9M | 279.9M | 288.2M | 237.4M | 273.0M | 152.4M | |
Inventory | 136.2M | 147.1M | 162.4M | 184.1M | 211.7M | 222.3M | |
Other Current Assets | 17.1M | 22.7M | 22.7M | 18.0M | 20.7M | 18.1M | |
Other Stockholder Equity | 186.5M | 190.6M | 174.6M | 165.5M | 148.9M | 189.0M | |
Total Liab | 411.9M | 557.6M | 606.3M | 552.1M | 634.9M | 666.6M | |
Property Plant And Equipment Gross | 161.3M | 301.8M | 185.1M | 195.3M | 224.6M | 235.9M | |
Total Current Assets | 446.6M | 466.2M | 572.6M | 581.1M | 668.3M | 701.7M | |
Accumulated Other Comprehensive Income | (3.7M) | (2.2M) | (31.8M) | (24.0M) | (27.6M) | (28.9M) | |
Intangible Assets | 346.6M | 409.3M | 394.5M | 392.1M | 450.9M | 473.5M | |
Retained Earnings | 778.4M | 831.0M | 905.0M | 989.3M | 1.1B | 1.2B | |
Other Liab | 70.8M | 117.9M | 130.3M | 100.5M | 115.5M | 66.7M | |
Other Assets | 10.9M | 11.0M | 9.5M | 11.5M | 10.3M | 13.3M | |
Long Term Debt | 40M | 134M | 133M | 82M | 94.3M | 102.0M | |
Good Will | 408.1M | 504.9M | 492.7M | 503.2M | 578.7M | 311.3M | |
Treasury Stock | (107.4M) | (107.3M) | (107.1M) | (107.1M) | (96.4M) | (101.2M) | |
Property Plant Equipment | 139.9M | 186.1M | 185.1M | 195.3M | 224.6M | 114.0M | |
Current Deferred Revenue | 100.6M | 108.8M | 125.0M | 112.3M | 129.1M | 135.6M | |
Net Tangible Assets | 206.9M | 105.6M | 161.0M | 235.8M | 271.2M | 284.8M | |
Long Term Debt Total | 293.4M | 40M | 134M | 133M | 153.0M | 132.1M | |
Capital Surpluse | 292.4M | 293.7M | 297.6M | 301.6M | 346.8M | 316.4M |
Pair Trading with ESCO Technologies
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 ESCO Technologies 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 ESCO Technologies will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to ESCO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESCO Technologies 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 ESCO Technologies - 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 ESCO Technologies to buy it.
The correlation of ESCO Technologies 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 ESCO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESCO Technologies 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 ESCO Technologies 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 ESCO Technologies. 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 information on how to trade ESCO Stock refer to our How to Trade ESCO Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for ESCO Stock analysis
When running ESCO Technologies' price analysis, check to measure ESCO Technologies' 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 ESCO Technologies is operating at the current time. Most of ESCO Technologies' value examination focuses on studying past and present price action to predict the probability of ESCO Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESCO Technologies' price. Additionally, you may evaluate how the addition of ESCO Technologies to your portfolios can decrease your overall portfolio volatility.
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Bonds Directory Find actively traded corporate debentures issued by US companies |
Is ESCO Technologies' 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 ESCO Technologies. If investors know ESCO 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 ESCO Technologies 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 (0.10) | Dividend Share 0.32 | Earnings Share 3.6 | Revenue Per Share 37.573 | Quarterly Revenue Growth 0.088 |
The market value of ESCO Technologies is measured differently than its book value, which is the value of ESCO that is recorded on the company's balance sheet. Investors also form their own opinion of ESCO Technologies' value that differs from its market value or its book value, called intrinsic value, which is ESCO Technologies' 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 ESCO Technologies' market value can be influenced by many factors that don't directly affect ESCO Technologies' 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 ESCO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ESCO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESCO Technologies' 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.