Eaton Net Tangible Assets vs Short Term Investments Analysis

ETN Stock

USD 318.26 8.25 2.53%

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

To learn how to invest in Eaton Stock, please use our How to Invest in Eaton PLC guide.

Net Tangible Assets vs Short Term Investments

Net Tangible Assets vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eaton PLC Net Tangible Assets account and Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Eaton PLC's Net Tangible Assets and Short Term Investments is -0.01. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Eaton PLC, assuming nothing else is changed. The correlation between historical values of Eaton PLC's Net Tangible Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Eaton PLC are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Tangible Assets i.e., Eaton PLC's Net Tangible Assets and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.01

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Short Term Investments

Short Term Investments is an item under the current assets section of Eaton PLC balance sheet. It contains any investments Eaton PLC undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Eaton PLC can easily liquidate in the marketplace.

Most indicators from Eaton PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eaton PLC 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 Eaton PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Eaton Stock, please use our How to Invest in Eaton PLC guide.At this time, Eaton PLC's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 30th of April 2024, Enterprise Value Over EBITDA is likely to grow to 22.52, while Selling General Administrative is likely to drop about 3.1 B.

	2021	2022	2023	2024 (projected)
Gross Profit	6.3B	6.9B	23.2B	24.4B
Total Revenue	19.6B	20.8B	23.2B	12.9B

Gross Profit Total Revenue

Eaton PLC 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	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	Short Term Debt	Intangible Assets	Accounts Payable	Short Term Investments	Common Stock	Other Liab
Total Assets		0.98	0.73	0.9	0.98	0.84	0.98	0.87	-0.07	0.99	0.64	0.42	0.92	0.12	0.76	0.87	0.24	0.96	0.98	0.89	0.56	0.74	0.83	0.42	-0.56	0.79
Short Long Term Debt Total	0.98		0.72	0.86	0.94	0.83	1.0	0.79	0.0	0.98	0.62	0.38	0.86	0.12	0.81	0.8	0.25	0.93	0.99	0.83	0.58	0.8	0.75	0.36	-0.6	0.8
Other Current Liab	0.73	0.72		0.68	0.7	0.87	0.74	0.58	-0.07	0.73	0.58	0.06	0.58	0.06	0.79	0.6	0.48	0.76	0.73	0.61	0.37	0.67	0.61	0.09	-0.43	0.72
Total Current Liabilities	0.9	0.86	0.68		0.9	0.65	0.87	0.9	-0.29	0.85	0.45	0.52	0.88	-0.11	0.49	0.93	0.18	0.85	0.87	0.91	0.7	0.47	0.95	0.59	-0.42	0.62
Total Stockholder Equity	0.98	0.94	0.7	0.9		0.81	0.94	0.93	-0.12	0.96	0.65	0.41	0.95	0.21	0.67	0.9	0.19	0.97	0.92	0.89	0.53	0.68	0.85	0.42	-0.61	0.73
Property Plant And Equipment Net	0.84	0.83	0.87	0.65	0.81		0.84	0.67	0.07	0.87	0.72	0.09	0.71	0.24	0.93	0.63	0.31	0.84	0.84	0.64	0.4	0.86	0.56	0.08	-0.41	0.89
Net Debt	0.98	1.0	0.74	0.87	0.94	0.84		0.8	-0.07	0.99	0.63	0.35	0.87	0.09	0.8	0.82	0.25	0.94	0.99	0.83	0.59	0.78	0.77	0.35	-0.6	0.8
Retained Earnings	0.87	0.79	0.58	0.9	0.93	0.67	0.8		-0.31	0.82	0.54	0.49	0.96	0.1	0.43	0.95	0.08	0.86	0.79	0.91	0.46	0.41	0.91	0.56	-0.43	0.58
Cash	-0.07	0.0	-0.07	-0.29	-0.12	0.07	-0.07	-0.31		-0.05	-0.12	0.18	-0.16	0.42	0.25	-0.35	0.05	-0.15	-0.02	-0.12	-0.09	0.31	-0.36	-0.07	-0.08	0.06
Non Current Assets Total	0.99	0.98	0.73	0.85	0.96	0.87	0.99	0.82	-0.05		0.67	0.3	0.88	0.17	0.81	0.82	0.2	0.96	0.98	0.81	0.57	0.82	0.77	0.3	-0.58	0.82
Non Currrent Assets Other	0.64	0.62	0.58	0.45	0.65	0.72	0.63	0.54	-0.12	0.67		-0.07	0.56	0.02	0.68	0.52	0.23	0.67	0.61	0.46	0.19	0.61	0.42	-0.05	-0.46	0.56
Cash And Short Term Investments	0.42	0.38	0.06	0.52	0.41	0.09	0.35	0.49	0.18	0.3	-0.07		0.54	-0.21	0.02	0.5	-0.02	0.23	0.41	0.7	0.26	-0.04	0.55	0.97	-0.05	0.13
Net Receivables	0.92	0.86	0.58	0.88	0.95	0.71	0.87	0.96	-0.16	0.88	0.56	0.54		0.11	0.55	0.94	-0.02	0.87	0.87	0.91	0.46	0.55	0.89	0.57	-0.45	0.62
Common Stock Shares Outstanding	0.12	0.12	0.06	-0.11	0.21	0.24	0.09	0.1	0.42	0.17	0.02	-0.21	0.11		0.2	-0.05	-0.05	0.27	0.02	-0.06	-0.01	0.38	-0.16	-0.33	-0.5	0.16
Non Current Liabilities Total	0.76	0.81	0.79	0.49	0.67	0.93	0.8	0.43	0.25	0.81	0.68	0.02	0.55	0.2		0.43	0.34	0.72	0.81	0.48	0.33	0.94	0.37	-0.05	-0.41	0.86
Inventory	0.87	0.8	0.6	0.93	0.9	0.63	0.82	0.95	-0.35	0.82	0.52	0.5	0.94	-0.05	0.43		0.02	0.82	0.81	0.9	0.45	0.41	0.98	0.58	-0.42	0.49
Other Current Assets	0.24	0.25	0.48	0.18	0.19	0.31	0.25	0.08	0.05	0.2	0.23	-0.02	-0.02	-0.05	0.34	0.02		0.3	0.27	0.3	0.07	0.11	0.05	-0.03	-0.16	0.46
Other Stockholder Equity	0.96	0.93	0.76	0.85	0.97	0.84	0.94	0.86	-0.15	0.96	0.67	0.23	0.87	0.27	0.72	0.82	0.3		0.91	0.81	0.58	0.73	0.76	0.25	-0.67	0.78
Total Liab	0.98	0.99	0.73	0.87	0.92	0.84	0.99	0.79	-0.02	0.98	0.61	0.41	0.87	0.02	0.81	0.81	0.27	0.91		0.85	0.57	0.77	0.78	0.4	-0.49	0.83
Total Current Assets	0.89	0.83	0.61	0.91	0.89	0.64	0.83	0.91	-0.12	0.81	0.46	0.7	0.91	-0.06	0.48	0.9	0.3	0.81	0.85		0.45	0.39	0.9	0.73	-0.4	0.61
Short Term Debt	0.56	0.58	0.37	0.7	0.53	0.4	0.59	0.46	-0.09	0.57	0.19	0.26	0.46	-0.01	0.33	0.45	0.07	0.58	0.57	0.45		0.41	0.47	0.27	-0.35	0.52
Intangible Assets	0.74	0.8	0.67	0.47	0.68	0.86	0.78	0.41	0.31	0.82	0.61	-0.04	0.55	0.38	0.94	0.41	0.11	0.73	0.77	0.39	0.41		0.34	-0.12	-0.52	0.78
Accounts Payable	0.83	0.75	0.61	0.95	0.85	0.56	0.77	0.91	-0.36	0.77	0.42	0.55	0.89	-0.16	0.37	0.98	0.05	0.76	0.78	0.9	0.47	0.34		0.64	-0.36	0.44
Short Term Investments	0.42	0.36	0.09	0.59	0.42	0.08	0.35	0.56	-0.07	0.3	-0.05	0.97	0.57	-0.33	-0.05	0.58	-0.03	0.25	0.4	0.73	0.27	-0.12	0.64		-0.02	0.1
Common Stock	-0.56	-0.6	-0.43	-0.42	-0.61	-0.41	-0.6	-0.43	-0.08	-0.58	-0.46	-0.05	-0.45	-0.5	-0.41	-0.42	-0.16	-0.67	-0.49	-0.4	-0.35	-0.52	-0.36	-0.02		-0.24
Other Liab	0.79	0.8	0.72	0.62	0.73	0.89	0.8	0.58	0.06	0.82	0.56	0.13	0.62	0.16	0.86	0.49	0.46	0.78	0.83	0.61	0.52	0.78	0.44	0.1	-0.24

Click cells to compare fundamentals

Eaton PLC Account Relationship Matchups

Eaton PLC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	32.8B	31.8B	34.0B	35.0B	38.4B	40.4B
Short Long Term Debt Total	8.7B	8.4B	8.9B	9.1B	9.9B	10.4B
Other Current Liab	2.1B	2.5B	2.2B	2.6B	2.6B	1.3B
Total Current Liabilities	5.1B	5.9B	7.2B	6.4B	7.7B	8.1B
Total Stockholder Equity	16.1B	14.9B	16.4B	17.0B	19.0B	20.0B
Property Plant And Equipment Net	3.9B	3.4B	3.5B	3.7B	4.2B	2.6B
Net Debt	8.3B	7.9B	8.6B	8.8B	9.4B	9.9B
Retained Earnings	8.2B	6.8B	7.6B	8.5B	10.3B	10.8B
Cash	370M	438M	297M	294M	488M	262.2M
Non Current Assets Total	24.1B	22.6B	26.5B	26.3B	26.8B	28.1B
Cash And Short Term Investments	591M	1.1B	568M	555M	2.6B	2.7B
Net Receivables	3.4B	2.9B	3.3B	4.1B	4.8B	5.0B
Common Stock Shares Outstanding	420.8M	404M	401.6M	400.8M	401.1M	382.9M
Liabilities And Stockholders Equity	32.8B	31.8B	34.0B	35.0B	38.4B	40.4B
Non Current Liabilities Total	11.5B	10.9B	10.4B	11.6B	11.6B	6.2B
Inventory	2.8B	2.1B	3.0B	3.4B	3.7B	3.9B
Other Current Assets	1.9B	3.1B	677M	700M	563M	522.7M
Other Stockholder Equity	12.2B	12.3B	12.4B	12.5B	12.6B	13.3B
Total Liab	16.7B	16.9B	17.6B	18.0B	19.4B	20.3B
Total Current Assets	8.7B	9.2B	7.5B	8.8B	11.7B	12.3B
Short Term Debt	503M	1.0B	1.7B	334M	1.2B	1.2B
Intangible Assets	4.6B	4.2B	5.9B	5.5B	5.1B	3.0B
Accounts Payable	2.1B	2.0B	2.8B	3.1B	3.4B	3.5B
Short Term Investments	221M	664M	271M	261M	2.1B	2.2B
Accumulated Other Comprehensive Income	(4.3B)	(4.2B)	(3.6B)	(3.9B)	(3.9B)	(3.7B)
Other Liab	3.3B	3.6B	3.2B	2.8B	3.2B	2.8B
Other Assets	2.0B	2.2B	2.4B	2M	2.3M	2.2M
Long Term Debt	7.8B	7.0B	6.8B	8.3B	8.2B	5.6B
Good Will	13.5B	12.9B	14.8B	14.8B	15.0B	9.6B
Property Plant Equipment	3.5B	3.0B	3.5B	3.7B	4.3B	3.1B
Current Deferred Revenue	449M	351M	501M	330M	610M	346.6M
Property Plant And Equipment Gross	3.9B	3.4B	7.8B	8.0B	9.4B	9.9B
Net Tangible Assets	(2.0B)	(2.1B)	(4.2B)	(3.2B)	(3.7B)	(3.9B)
Noncontrolling Interest In Consolidated Entity	35M	51M	43M	38M	34.2M	36.2M
Retained Earnings Total Equity	8.2B	6.8B	7.6B	8.5B	9.7B	8.2B
Long Term Debt Total	7.8B	7.0B	6.8B	8.3B	7.5B	6.2B

Pair Trading with Eaton PLC

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 Eaton PLC 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 Eaton PLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eaton Stock

0.61	B	Barnes Group Earnings Call This Week	Pair Corr
0.89	CR	Crane Company Financial Report 8th of May 2024	Pair Corr
0.69	HI	Hillenbrand Earnings Call Tomorrow	Pair Corr
0.92	IR	Ingersoll Rand Sell-off Trend	Pair Corr

Moving against Eaton Stock

0.89	ATS	ATS Corporation	Pair Corr
0.54	RR	Richtech Robotics Class	Pair Corr
0.52	BW	Babcock Wilcox Enter Financial Report 8th of May 2024	Pair Corr

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

The correlation of Eaton PLC 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 Eaton PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton PLC 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 Eaton PLC 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 Eaton PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eaton PLC's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eaton Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eaton Plc Stock:

How To Invest In Eaton

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Is Eaton Stock a good investment?

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What is Eaton PLC's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Eaton Stock, please use our How to Invest in Eaton PLC guide.

You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Eaton Stock analysis

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

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Is Eaton PLC'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 Eaton PLC. If investors know Eaton 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 Eaton PLC 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

0.304

Dividend Share

3.44

Earnings Share

8.01

Revenue Per Share

58.121

Quarterly Revenue Growth

0.108

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

Net Tangible Assets vs Short Term Investments

Net Tangible Assets vs Short Term Investments Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Short Term Investments

Eaton PLC fundamental ratios Correlations

Eaton PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eaton PLC fundamental ratios Accounts

Pair Trading with Eaton PLC

Moving together with Eaton Stock

Moving against Eaton Stock

Complementary Tools for Eaton Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Net Debt
Total Liab	+ 0.99	Net Debt
Short Long Term Debt Total	+ 0.98	Total Assets

Common Stock	- 0.67	Other Stockholder Equity
Common Stock	- 0.61	Total Stockholder Equity
Common Stock	- 0.6	Net Debt
Common Stock	- 0.6	Short Long Term Debt Total
Common Stock	- 0.58	Non Current Assets Total
Common Stock	- 0.56	Total Assets