Encore Historical Balance Sheet

WIRE Stock  USD 216.59  1.88  0.86%   
Trend analysis of Encore Wire balance sheet accounts such as Inventories of 109.4 M, Receivables of 484.3 M, Accounts Payable of 45.2 M or Total Assets of 1.6 B provides information on Encore Wire's total assets, liabilities, and equity, which is the actual value of Encore Wire to its prevalent stockholders. By breaking down trends over time using Encore Wire 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.
 
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Financial Statement Analysis is much more than just reviewing and examining Encore Wire latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Encore Wire is a good buy for the upcoming year.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.

About Encore Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Encore Wire at a specified time, usually calculated after every quarter, six months, or one year. Encore Wire Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Encore Wire 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 Encore currently owns. An asset can also be divided into two categories, current and non-current.

Encore Wire Balance Sheet Chart

Encore Wire 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 Encore Wire uses and utilizes its capital. It also shows what exactly a company owns and owes.
At present, Encore Wire's Cash and Equivalents is projected to increase significantly based on the last few years of reporting. The current year's Accumulated Retained Earnings Deficit is expected to grow to about 2.7 B, whereas Accounts Payable is forecasted to decline to about 45.2 M.

Total Assets

Total assets refers to the total amount of Encore Wire 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 Encore Wire 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. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; [Intangibles]; Property Plant and Equipment Net; Tax Assets and Trade and Non Trade Receivables.

Current Assets

Current assets of Encore Wire include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Encore Wire. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Shareholders Equity Attributable to Parent

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Total Liabilities

Deferred Income Tax is recorded on Encore Wire balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Encore Wire books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are [Debt]; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most accounts from Encore Wire's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Encore Wire current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.At present, Encore Wire's Cash and Equivalents is projected to increase significantly based on the last few years of reporting. The current year's Accumulated Retained Earnings Deficit is expected to grow to about 2.7 B, whereas Accounts Payable is forecasted to decline to about 45.2 M.
 2021 2022 2023 2024 (projected)
Receivables491.1M498.8M448.9M484.3M
Inventories100.8M153.2M137.9M109.4M

Encore Wire balance sheet Correlations

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Click cells to compare fundamentals

Encore Wire Account Relationship Matchups

Encore Wire balance sheet Accounts

201920202021202220232024 (projected)
Inventories89.7M92.3M100.8M153.2M137.9M109.4M
Receivables223.1M275.8M491.1M498.8M448.9M484.3M
Accounts Payable40.5M56.7M75.4M62.8M56.5M45.2M
Total Assets883.2M966.5M1.5B2.0B2.0B1.6B
Current Assets549.2M555.1M1.0B1.4B1.2B1.0B
Assets Non Current333.9M411.3M495.5M617.1M757.3M617.7M
Cash and Equivalents231.0M183.1M439.0M730.6M560.6M604.9M
Cash and Equivalents USD231.0M183.1M439.0M730.6M560.6M604.9M
Shareholders Equity Attributable to Parent779.1M837.7M1.3B1.8B1.7B1.4B
Shareholders Equity USD779.1M837.7M1.3B1.8B1.7B1.4B
Inventory89.7M92.3M100.8M153.2M163.7M145.7M
Total Liabilities104.1M128.7M191.4M200.1M220.3M187.4M
Current Liabilities75.3M93.6M154.1M144.2M160.1M136.1M
Liabilities Non Current28.8M35.1M37.3M55.9M60.2M51.3M
Trade and Non Trade Payables40.5M56.7M75.4M62.8M80.5M68.2M
Property Plant and Equipment Net333.2M410.8M494.9M616.6M756.9M617.0M
Trade and Non Trade Receivables223.1M275.8M491.1M498.8M475.3M419.7M
Accumulated Retained Earnings Deficit806.9M881.3M1.4B2.1B2.5B2.7B
Tax Assets3.6M1.3M951K15.1M4.8M5.2M
Tax Liabilities28.8M35.1M37.3M55.9M60.2M51.6M

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When determining whether Encore Wire is a strong investment it is important to analyze Encore Wire'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 Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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Is Encore Wire'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 Encore Wire. If investors know Encore 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 Encore Wire 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
(0.50)
Dividend Share
0.08
Earnings Share
21.63
Revenue Per Share
152.179
Quarterly Revenue Growth
(0.09)
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire'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 Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire'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 Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire'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.