Espey Long Term Investments vs Total Assets Analysis

ESP Stock

USD 21.24 0.57 2.76%

Espey Mfg financial indicator trend analysis is much more than just examining Espey Mfg Electronics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Espey Mfg Electronics is a good investment. Please check the relationship between Espey Mfg Long Term Investments and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Espey Mfg Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Long Term Investments vs Total Assets

Long Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Espey Mfg Electronics Long Term Investments account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Espey Mfg's Long Term Investments and Total Assets is -0.61. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Espey Mfg Electronics, assuming nothing else is changed. The correlation between historical values of Espey Mfg's Long Term Investments and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Espey Mfg Electronics are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Investments i.e., Espey Mfg's Long Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Espey Mfg balance sheet that represents investments Espey Mfg Electronics intends to hold for over a year. Espey Mfg Electronics long term investments may include different instruments such as stocks, bonds, real estate and cash.

Total Assets

Total assets refers to the total amount of Espey Mfg 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 Espey Mfg Electronics 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.

Most indicators from Espey Mfg's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Espey Mfg Electronics 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 Espey Mfg Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

As of 06/08/2024, Selling General Administrative is likely to drop to about 3 M. In addition to that, Tax Provision is likely to drop to about 530.3 K

	2021	2022	2023	2024 (projected)
Gross Profit	5.5M	8.1M	9.3M	5.4M
Total Revenue	32.1M	35.6M	40.9M	24.3M

Gross Profit Total Revenue

Espey Mfg fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Short Term Investments	Common Stock	Treasury Stock	Property Plant Equipment
Total Assets		0.69	0.94	0.0	0.4	0.47	-0.4	-0.34	-0.21	0.45	0.44	0.1	-0.73	0.89	0.59	0.92	0.68	1.0	0.57	0.3	0.57	0.83	0.51	0.83	0.5	-0.2
Total Current Liabilities	0.69		0.56	-0.11	0.59	0.35	-0.63	-0.25	-0.26	0.1	0.17	-0.36	-0.39	0.76	0.88	0.62	1.0	0.67	0.87	0.18	0.9	0.43	0.68	0.45	0.59	-0.22
Total Stockholder Equity	0.94	0.56		-0.04	0.29	0.67	-0.31	-0.45	-0.16	0.6	0.47	-0.05	-0.86	0.72	0.49	0.83	0.54	0.95	0.51	0.23	0.44	0.93	0.54	0.93	0.28	-0.28
Property Plant And Equipment Net	0.0	-0.11	-0.04		0.59	-0.41	-0.55	0.85	0.52	-0.5	0.47	0.44	-0.05	0.08	-0.17	0.25	-0.11	-0.06	-0.33	0.51	-0.16	-0.06	-0.03	-0.07	-0.02	0.95
Net Debt	0.4	0.59	0.29	0.59		-0.01	-1.0	0.51	0.22	-0.34	0.44	0.0	-0.09	0.45	0.61	0.47	0.6	0.33	0.5	0.23	0.55	0.07	0.61	0.08	0.25	0.55
Retained Earnings	0.47	0.35	0.67	-0.41	-0.01		-0.04	-0.65	-0.12	0.69	0.09	-0.63	-0.62	0.15	0.48	0.18	0.33	0.5	0.59	-0.29	0.32	0.61	0.57	0.62	-0.2	-0.59
Cash	-0.4	-0.63	-0.31	-0.55	-1.0	-0.04		-0.46	-0.2	0.32	-0.41	0.07	0.1	-0.46	-0.65	-0.46	-0.64	-0.34	-0.55	-0.21	-0.59	-0.08	-0.65	-0.09	-0.24	-0.5
Non Current Assets Total	-0.34	-0.25	-0.45	0.85	0.51	-0.65	-0.46		0.58	-0.69	0.14	0.43	0.44	-0.17	-0.21	-0.12	-0.24	-0.4	-0.36	0.23	-0.2	-0.54	-0.14	-0.55	-0.12	0.97
Non Currrent Assets Other	-0.21	-0.26	-0.16	0.52	0.22	-0.12	-0.2	0.58		0.02	-0.29	0.14	-0.01	-0.28	-0.06	-0.16	-0.27	-0.25	-0.18	-0.02	-0.16	-0.3	0.22	-0.3	-0.24	0.58
Cash And Short Term Investments	0.45	0.1	0.6	-0.5	-0.34	0.69	0.32	-0.69	0.02		-0.27	-0.18	-0.59	0.1	0.22	0.25	0.08	0.49	0.29	-0.13	0.09	0.56	0.44	0.56	-0.1	-0.63
Net Receivables	0.44	0.17	0.47	0.47	0.44	0.09	-0.41	0.14	-0.29	-0.27		0.21	-0.36	0.4	-0.04	0.52	0.16	0.42	-0.04	0.46	0.01	0.49	-0.06	0.49	0.04	0.29
Common Stock Shares Outstanding	0.1	-0.36	-0.05	0.44	0.0	-0.63	0.07	0.43	0.14	-0.18	0.21		0.08	0.19	-0.39	0.28	-0.36	0.09	-0.53	0.35	-0.33	-0.06	-0.42	-0.08	0.29	0.49
Non Current Liabilities Total	-0.73	-0.39	-0.86	-0.05	-0.09	-0.62	0.1	0.44	-0.01	-0.59	-0.36	0.08		-0.54	-0.27	-0.7	-0.35	-0.74	-0.26	-0.36	-0.22	-0.91	-0.37	-0.91	-0.25	0.25
Inventory	0.89	0.76	0.72	0.08	0.45	0.15	-0.46	-0.17	-0.28	0.1	0.4	0.19	-0.54		0.56	0.9	0.76	0.88	0.51	0.39	0.64	0.66	0.31	0.66	0.78	-0.07
Other Current Assets	0.59	0.88	0.49	-0.17	0.61	0.48	-0.65	-0.21	-0.06	0.22	-0.04	-0.39	-0.27	0.56		0.41	0.88	0.57	0.97	-0.19	0.88	0.25	0.84	0.27	0.43	-0.22
Other Stockholder Equity	0.92	0.62	0.83	0.25	0.47	0.18	-0.46	-0.12	-0.16	0.25	0.52	0.28	-0.7	0.9	0.41		0.61	0.9	0.35	0.55	0.48	0.78	0.38	0.78	0.58	0.04
Total Liab	0.68	1.0	0.54	-0.11	0.6	0.33	-0.64	-0.24	-0.27	0.08	0.16	-0.36	-0.35	0.76	0.88	0.61		0.65	0.87	0.17	0.9	0.4	0.68	0.42	0.59	-0.21
Total Current Assets	1.0	0.67	0.95	-0.06	0.33	0.5	-0.34	-0.4	-0.25	0.49	0.42	0.09	-0.74	0.88	0.57	0.9	0.65		0.56	0.28	0.55	0.85	0.49	0.85	0.5	-0.26
Other Current Liab	0.57	0.87	0.51	-0.33	0.5	0.59	-0.55	-0.36	-0.18	0.29	-0.04	-0.53	-0.26	0.51	0.97	0.35	0.87	0.56		-0.28	0.88	0.3	0.81	0.32	0.34	-0.38
Accounts Payable	0.3	0.18	0.23	0.51	0.23	-0.29	-0.21	0.23	-0.02	-0.13	0.46	0.35	-0.36	0.39	-0.19	0.55	0.17	0.28	-0.28		-0.08	0.35	-0.07	0.34	0.25	0.36
Property Plant And Equipment Gross	0.57	0.9	0.44	-0.16	0.55	0.32	-0.59	-0.2	-0.16	0.09	0.01	-0.33	-0.22	0.64	0.88	0.48	0.9	0.55	0.88	-0.08		0.26	0.67	0.27	0.56	-0.21
Common Stock Total Equity	0.83	0.43	0.93	-0.06	0.07	0.61	-0.08	-0.54	-0.3	0.56	0.49	-0.06	-0.91	0.66	0.25	0.78	0.4	0.85	0.3	0.35	0.26		0.29	1.0	0.29	-0.35
Short Term Investments	0.51	0.68	0.54	-0.03	0.61	0.57	-0.65	-0.14	0.22	0.44	-0.06	-0.42	-0.37	0.31	0.84	0.38	0.68	0.49	0.81	-0.07	0.67	0.29		0.3	0.06	-0.12
Common Stock	0.83	0.45	0.93	-0.07	0.08	0.62	-0.09	-0.55	-0.3	0.56	0.49	-0.08	-0.91	0.66	0.27	0.78	0.42	0.85	0.32	0.34	0.27	1.0	0.3		0.29	-0.36
Treasury Stock	0.5	0.59	0.28	-0.02	0.25	-0.2	-0.24	-0.12	-0.24	-0.1	0.04	0.29	-0.25	0.78	0.43	0.58	0.59	0.5	0.34	0.25	0.56	0.29	0.06	0.29		-0.08
Property Plant Equipment	-0.2	-0.22	-0.28	0.95	0.55	-0.59	-0.5	0.97	0.58	-0.63	0.29	0.49	0.25	-0.07	-0.22	0.04	-0.21	-0.26	-0.38	0.36	-0.21	-0.35	-0.12	-0.36	-0.08

Click cells to compare fundamentals

Espey Mfg Account Relationship Matchups

Espey Mfg fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.2M	38.0M	39.9M	47.5M	54.6M	33.2M
Total Current Liabilities	6.7M	7.5M	7.6M	11.5M	13.2M	13.9M
Total Stockholder Equity	31.2M	30.3M	32.1M	35.9M	41.3M	30.3M
Property Plant And Equipment Net	3.5M	3.0M	2.8M	2.8M	2.5M	2.4M
Net Debt	(5.4M)	(6.8M)	(8.1M)	(2.7M)	(3.2M)	(3.3M)
Retained Earnings	18.8M	17.4M	18.7M	21.9M	25.1M	24.7M
Cash	5.4M	6.8M	8.1M	2.7M	2.5M	2.4M
Non Current Assets Total	3.5M	3.0M	2.8M	2.8M	2.5M	2.5M
Non Currrent Assets Other	(303.9K)	(294.4K)	(252.7K)	(334.0K)	(300.6K)	(285.6K)
Cash And Short Term Investments	10.5M	9.9M	11.8M	14.7M	16.9M	11.9M
Net Receivables	9.0M	5.6M	5.7M	5.8M	6.7M	4.3M
Common Stock Shares Outstanding	2.4M	2.4M	2.4M	2.5M	2.2M	1.8M
Liabilities And Stockholders Equity	38.2M	38.0M	39.9M	47.5M	54.6M	33.2M
Non Current Liabilities Total	233.0K	168.6K	177.8K	137.8K	124.0K	233.8K
Inventory	14.8M	18.8M	18.6M	19.9M	22.9M	12.3M
Other Current Assets	396.9K	700.3K	992.8K	4.3M	3.9M	4.0M
Other Stockholder Equity	11.4M	11.9M	12.4M	13.0M	14.9M	7.6M
Total Liab	7.0M	7.6M	7.8M	11.6M	13.4M	14.0M
Total Current Assets	34.7M	35.0M	37.1M	44.7M	51.4M	29.8M
Other Current Liab	318.3K	126.0K	2.2M	10.3M	11.8M	12.4M
Accounts Payable	2.9M	2.7M	2.1M	1.2M	1.4M	1.1M
Property Plant And Equipment Gross	3.5M	3.0M	15.9M	16.4M	18.9M	19.8M
Accumulated Other Comprehensive Income	(3.1K)	(2.4K)	(1.9K)	(2.4K)	(2.8K)	(2.9K)
Short Term Investments	5.1M	3.1M	3.7M	12.0M	13.8M	14.4M
Treasury Stock	(7.7M)	(7.6M)	(7.7M)	(6.0M)	(6.9M)	(7.3M)
Property Plant Equipment	3.5M	3.0M	2.8M	2.8M	2.5M	2.4M
Net Tangible Assets	31.2M	30.3M	32.1M	35.9M	41.3M	32.7M
Capital Surpluse	19.1M	23.0M	23.1M	23.3M	26.8M	20.6M
Other Liab	233.0K	168.6K	177.8K	137.8K	124.0K	155.5K
Cash And Equivalents	5.4M	6.8M	8.1M	2.7M	2.5M	4.9M
Short Term Debt	1.2M	1.4M	1.6M	8.1M	9.3M	9.8M
Net Invested Capital	31.2M	30.3M	32.1M	35.9M	41.3M	35.6M
Net Working Capital	28.0M	27.5M	29.5M	33.2M	38.2M	32.4M
Current Deferred Revenue	2.2M	3.1M	3.4M	8.1M	9.3M	9.8M

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Espey Long Term Investments vs Total Assets Analysis

Long Term Investments vs Total Assets

Long Term Investments vs Total Assets Correlation Analysis

Correlation Coefficient

Long Term Investments

Total Assets

Espey Mfg fundamental ratios Correlations

Espey Mfg Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Espey Mfg fundamental ratios Accounts

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Additional Tools for Espey Stock Analysis

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Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Common Stock	+ 1.0	Common Stock Total Equity
Property Plant Equipment	+ 0.97	Non Current Assets Total
Other Current Liab	+ 0.97	Other Current Assets
Total Current Assets	+ 0.95	Total Stockholder Equity

Cash	- 1.0	Net Debt
Common Stock	- 0.91	Non Current Liabilities Total
Common Stock Total Equity	- 0.91	Non Current Liabilities Total
Non Current Liabilities Total	- 0.86	Total Stockholder Equity
Total Current Assets	- 0.74	Non Current Liabilities Total
Non Current Liabilities Total	- 0.73	Total Assets