Essex Deferred Long Term Liab vs Other Current Assets Analysis

ESS Stock

USD 246.92 0.29 0.12%

Essex Property financial indicator trend analysis is much more than just examining Essex Property Trust latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Essex Property Trust is a good investment. Please check the relationship between Essex Property Deferred Long Term Liab and its Other Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essex Property Trust. 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.

Deferred Long Term Liab vs Other Current Assets

Deferred Long Term Liab vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Essex Property Trust Deferred Long Term Liab account and Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Essex Property's Deferred Long Term Liab and Other Current Assets is -0.7. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Essex Property Trust, assuming nothing else is changed. The correlation between historical values of Essex Property's Deferred Long Term Liab and Other Current 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 Deferred Long Term Liab of Essex Property Trust are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Deferred Long Term Liab i.e., Essex Property's Deferred Long Term Liab and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.7

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Essex Property's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Essex Property Trust 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 Essex Property Trust. 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.

At this time, Essex Property's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 22.9 B in 2024, whereas Selling General Administrative is likely to drop slightly above 32.5 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	959.1M	1.1B	639.3M	500.7M
Total Revenue	1.4B	1.6B	1.7B	1.8B

Gross Profit Total Revenue

Essex Property fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Short Term Debt	Accounts Payable	Cash	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Liab	Long Term Debt
Total Assets		0.99	-0.17	0.38	0.9	-0.43	0.9	-0.89	1.0	0.98	0.91	0.99	0.99	0.99	0.34	0.95	0.42	0.46	0.77	0.48	0.9	-0.45	0.77	0.91	0.32	0.93
Short Long Term Debt Total	0.99		-0.29	0.35	0.84	-0.41	0.88	-0.93	0.98	0.96	0.88	1.0	0.96	1.0	0.38	0.98	0.47	0.56	0.79	0.57	0.87	-0.43	0.82	0.88	0.31	0.91
Other Current Liab	-0.17	-0.29		0.42	0.12	-0.08	-0.05	0.51	-0.16	-0.12	0.04	-0.27	-0.11	-0.3	-0.13	-0.43	-0.54	-0.82	-0.27	-0.65	0.01	-0.08	-0.45	0.01	0.14	-0.1
Total Current Liabilities	0.38	0.35	0.42		0.43	-0.32	0.38	-0.22	0.37	0.4	0.42	0.32	0.39	0.34	0.49	0.28	0.2	-0.14	0.45	0.01	0.46	-0.33	0.44	0.46	0.46	0.37
Total Stockholder Equity	0.9	0.84	0.12	0.43		-0.41	0.96	-0.67	0.91	0.9	0.97	0.86	0.92	0.84	0.25	0.78	0.12	0.19	0.56	0.28	0.96	-0.43	0.52	0.96	0.33	0.96
Property Plant And Equipment Net	-0.43	-0.41	-0.08	-0.32	-0.41		-0.37	0.34	-0.44	-0.59	-0.35	-0.42	-0.44	-0.41	-0.1	-0.4	-0.26	-0.2	-0.4	-0.15	-0.38	1.0	-0.31	-0.38	-0.21	-0.39
Net Debt	0.9	0.88	-0.05	0.38	0.96	-0.37		-0.74	0.9	0.88	0.98	0.89	0.89	0.87	0.31	0.82	0.11	0.35	0.53	0.45	0.97	-0.39	0.57	0.96	0.34	0.99
Retained Earnings	-0.89	-0.93	0.51	-0.22	-0.67	0.34	-0.74		-0.88	-0.85	-0.74	-0.93	-0.85	-0.94	-0.37	-0.95	-0.66	-0.68	-0.81	-0.57	-0.74	0.36	-0.83	-0.75	-0.19	-0.79
Non Current Assets Total	1.0	0.98	-0.16	0.37	0.91	-0.44	0.9	-0.88		0.98	0.91	0.99	1.0	0.98	0.32	0.95	0.4	0.45	0.76	0.46	0.91	-0.45	0.75	0.91	0.32	0.93
Non Currrent Assets Other	0.98	0.96	-0.12	0.4	0.9	-0.59	0.88	-0.85	0.98		0.89	0.97	0.98	0.96	0.3	0.93	0.4	0.44	0.75	0.44	0.89	-0.61	0.73	0.89	0.33	0.92
Common Stock Shares Outstanding	0.91	0.88	0.04	0.42	0.97	-0.35	0.98	-0.74	0.91	0.89		0.89	0.91	0.88	0.3	0.8	0.15	0.25	0.58	0.35	0.97	-0.37	0.57	0.97	0.33	0.98
Non Current Liabilities Total	0.99	1.0	-0.27	0.32	0.86	-0.42	0.89	-0.93	0.99	0.97	0.89		0.97	1.0	0.35	0.97	0.45	0.55	0.77	0.55	0.88	-0.44	0.79	0.88	0.29	0.92
Other Stockholder Equity	0.99	0.96	-0.11	0.39	0.92	-0.44	0.89	-0.85	1.0	0.98	0.91	0.97		0.96	0.3	0.93	0.4	0.39	0.76	0.4	0.9	-0.46	0.73	0.91	0.31	0.92
Total Liab	0.99	1.0	-0.3	0.34	0.84	-0.41	0.87	-0.94	0.98	0.96	0.88	1.0	0.96		0.38	0.98	0.48	0.57	0.79	0.57	0.87	-0.43	0.82	0.87	0.31	0.91
Short Term Debt	0.34	0.38	-0.13	0.49	0.25	-0.1	0.31	-0.37	0.32	0.3	0.3	0.35	0.3	0.38		0.35	0.42	0.29	0.59	0.43	0.41	-0.11	0.63	0.41	0.09	0.34
Accounts Payable	0.95	0.98	-0.43	0.28	0.78	-0.4	0.82	-0.95	0.95	0.93	0.8	0.97	0.93	0.98	0.35		0.53	0.65	0.76	0.62	0.81	-0.42	0.82	0.81	0.3	0.86
Cash	0.42	0.47	-0.54	0.2	0.12	-0.26	0.11	-0.66	0.4	0.4	0.15	0.45	0.4	0.48	0.42	0.53		0.5	0.84	0.25	0.19	-0.26	0.76	0.2	-0.09	0.21
Other Assets	0.46	0.56	-0.82	-0.14	0.19	-0.2	0.35	-0.68	0.45	0.44	0.25	0.55	0.39	0.57	0.29	0.65	0.5		0.42	0.77	0.24	-0.21	0.62	0.25	0.12	0.41
Cash And Short Term Investments	0.77	0.79	-0.27	0.45	0.56	-0.4	0.53	-0.81	0.76	0.75	0.58	0.77	0.76	0.79	0.59	0.76	0.84	0.42		0.38	0.62	-0.41	0.92	0.63	0.19	0.61
Net Receivables	0.48	0.57	-0.65	0.01	0.28	-0.15	0.45	-0.57	0.46	0.44	0.35	0.55	0.4	0.57	0.43	0.62	0.25	0.77	0.38		0.41	-0.15	0.67	0.41	0.49	0.48
Common Stock Total Equity	0.9	0.87	0.01	0.46	0.96	-0.38	0.97	-0.74	0.91	0.89	0.97	0.88	0.9	0.87	0.41	0.81	0.19	0.24	0.62	0.41		-0.4	0.61	1.0	0.36	0.97
Property Plant And Equipment Gross	-0.45	-0.43	-0.08	-0.33	-0.43	1.0	-0.39	0.36	-0.45	-0.61	-0.37	-0.44	-0.46	-0.43	-0.11	-0.42	-0.26	-0.21	-0.41	-0.15	-0.4		-0.33	-0.4	-0.22	-0.41
Total Current Assets	0.77	0.82	-0.45	0.44	0.52	-0.31	0.57	-0.83	0.75	0.73	0.57	0.79	0.73	0.82	0.63	0.82	0.76	0.62	0.92	0.67	0.61	-0.33		0.62	0.35	0.64
Common Stock	0.91	0.88	0.01	0.46	0.96	-0.38	0.96	-0.75	0.91	0.89	0.97	0.88	0.91	0.87	0.41	0.81	0.2	0.25	0.63	0.41	1.0	-0.4	0.62		0.36	0.97
Other Liab	0.32	0.31	0.14	0.46	0.33	-0.21	0.34	-0.19	0.32	0.33	0.33	0.29	0.31	0.31	0.09	0.3	-0.09	0.12	0.19	0.49	0.36	-0.22	0.35	0.36		0.33
Long Term Debt	0.93	0.91	-0.1	0.37	0.96	-0.39	0.99	-0.79	0.93	0.92	0.98	0.92	0.92	0.91	0.34	0.86	0.21	0.41	0.61	0.48	0.97	-0.41	0.64	0.97	0.33

Click cells to compare fundamentals

Essex Property Account Relationship Matchups

Essex Property fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.7B	12.9B	13.0B	12.4B	12.4B	13.0B
Short Long Term Debt Total	5.9B	6.3B	6.4B	6.0B	6.3B	6.6B
Other Current Liab	(161.9M)	(176.8M)	(183.2M)	(167.2M)	(403.1M)	(383.0M)
Total Current Liabilities	55M	182.7M	341.3M	52.1M	352.8M	213.4M
Total Stockholder Equity	6.2B	6.0B	6.0B	5.7B	5.4B	2.8B
Net Debt	5.8B	6.2B	6.3B	6.0B	5.9B	2.9B
Retained Earnings	(887.6M)	(861.2M)	(916.8M)	(1.1B)	(1.3B)	(1.2B)
Non Current Assets Total	12.3B	12.5B	12.4B	12.1B	11.7B	12.3B
Non Currrent Assets Other	10.9B	11.4B	11.2B	10.9B	10.5B	11.0B
Common Stock Shares Outstanding	65.9M	65.6M	65.1M	65.1M	64.3M	39.7M
Liabilities And Stockholders Equity	12.7B	12.9B	13.0B	12.4B	12.4B	13.0B
Non Current Liabilities Total	6.2B	6.7B	6.4B	6.4B	6.4B	6.7B
Other Stockholder Equity	7.1B	6.9B	6.9B	6.8B	6.7B	7.0B
Total Liab	6.3B	6.7B	6.8B	6.5B	6.7B	7.1B
Short Term Debt	55M	203.5M	341.3M	52.1M	403.1M	240.6M
Accounts Payable	158.0M	152.9M	180.8M	165.5M	176.4M	185.2M
Cash	81.1M	84.0M	58.6M	42.7M	400.3M	420.4M
Other Assets	3.8M	12.7B	11.8B	11.1B	12.4B	13.0B
Cash And Short Term Investments	225.3M	231.8M	250.5M	155.4M	400.3M	420.4M
Net Receivables	134.4M	195.1M	341.0M	103.0M	174.6M	183.4M
Total Current Assets	359.7M	484.9M	591.5M	258.5M	662.8M	695.9M
Accumulated Other Comprehensive Income	(13.9M)	(14.7M)	(5.6M)	46.5M	33.6M	35.2M
Other Liab	36.4M	36.7M	393.1M	37.8M	43.5M	86.9M
Long Term Debt	5.8B	6.3B	6.3B	6.0B	6.2B	3.6B
Short Term Investments	144.2M	147.8M	191.8M	112.7M	87.8M	96.7M
Inventory	(1M)	57.9M	1.0	(9.4M)	(4.3M)	(4.1M)
Other Current Assets	(215.5M)	(279.1M)	(399.7M)	9.4M	(575.0M)	(546.2M)
Net Tangible Assets	6.3B	6.0B	6.0B	5.7B	6.6B	5.5B
Noncontrolling Interest In Consolidated Entity	183.1M	182.8M	182.9M	178.7M	205.6M	126.4M
Long Term Debt Total	5.8B	6.3B	6.3B	6.0B	6.9B	5.4B
Capital Surpluse	7.1B	6.9B	6.9B	6.8B	7.8B	6.2B
Deferred Long Term Liab	3.8M	3.7M	4.4M	5.1M	5.9M	6.2M

Pair Trading with Essex Property

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 Essex Property 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 Essex Property will appreciate offsetting losses from the drop in the long position's value.

Moving together with Essex Stock

0.73

Park Hotels Resorts Earnings Call This Week

Pair Corr

Moving against Essex Stock

0.53	COLD	Americold Realty Trust Financial Report 2nd of May 2024	Pair Corr
0.52	NLOP	Net Lease Office Symbol Change	Pair Corr
0.43	KW	Kennedy Wilson Holdings Financial Report 1st of May 2024	Pair Corr

The ability to find closely correlated positions to Essex Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Essex Property 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 Essex Property - 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 Essex Property Trust to buy it.

The correlation of Essex Property 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 Essex Property moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Essex Property Trust 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 Essex Property 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 Essex Property Trust is a strong investment it is important to analyze Essex Property'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 Essex Property's future performance. For an informed investment choice regarding Essex Stock, refer to the following important reports:

How To Invest In Essex

Details

Is Essex Stock a good investment?

Details

What is Essex Property's Net Worth?

Details

Largest Diversified REITs Companies

View

Largest Equity Real Estate Investment Trusts (REITs) Companies

View

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essex Property Trust. 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.

You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Essex Stock analysis

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

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Is Essex Property'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 Essex Property. If investors know Essex 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 Essex Property 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

(0.64)

Dividend Share

9.24

Earnings Share

6.32

Revenue Per Share

26.146

Quarterly Revenue Growth

(0.04)

The market value of Essex Property Trust is measured differently than its book value, which is the value of Essex that is recorded on the company's balance sheet. Investors also form their own opinion of Essex Property's value that differs from its market value or its book value, called intrinsic value, which is Essex Property'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 Essex Property's market value can be influenced by many factors that don't directly affect Essex Property'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 Essex Property's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essex Property is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essex Property'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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Essex Deferred Long Term Liab vs Other Current Assets Analysis

Deferred Long Term Liab vs Other Current Assets

Deferred Long Term Liab vs Other Current Assets Correlation Analysis

Correlation Coefficient

Deferred Long Term Liab

Other Current Assets

Essex Property fundamental ratios Correlations

Essex Property Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Essex Property fundamental ratios Accounts

Pair Trading with Essex Property

Moving together with Essex Stock

Moving against Essex Stock

Complementary Tools for Essex Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Other Stockholder Equity	+ 1.0	Non Current Assets Total
Total Liab	+ 1.0	Non Current Liabilities Total

Accounts Payable	- 0.95	Retained Earnings
Total Liab	- 0.94	Retained Earnings
Non Current Liabilities Total	- 0.93	Retained Earnings
Retained Earnings	- 0.93	Short Long Term Debt Total
Retained Earnings	- 0.89	Total Assets
Non Current Assets Total	- 0.88	Retained Earnings