Encore Historical Balance Sheet

WIRE Stock  USD 174.77  4.02  2.25%   
Trend analysis of Encore Wire balance sheet accounts such as Inventories of 165.3 M, Receivables of 538.1 M, Accounts Payable of 67.7 M or Total Assets of 2.2 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. Financial Statement Analysis is much more than just reviewing and breaking down Encore Wire prevalent 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. 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.
Encore Wire Receivables is projected to increase significantly based on the last few years of reporting. The past year's Receivables was at 498.76 Million. The current year Accounts Payable is expected to grow to about 67.7 M, whereas Inventory is forecasted to decline to about 134.9 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

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. For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.Encore Wire Receivables is projected to increase significantly based on the last few years of reporting. The past year's Receivables was at 498.76 Million. The current year Accounts Payable is expected to grow to about 67.7 M, whereas Inventory is forecasted to decline to about 134.9 M.
 2020 2021 2022 2023 (projected)
Receivables275.78 M491.13 M498.76 M538.14 M
Inventories92.32 M100.82 M153.19 M165.28 M

Encore Wire balance sheet Correlations

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Encore Wire Account Relationship Matchups

Encore Wire balance sheet Accounts

201820192020202120222023 (projected)
Inventories102.37 M89.68 M92.32 M100.82 M153.19 M165.28 M
Receivables235.35 M223.1 M275.78 M491.13 M498.76 M538.14 M
Accounts Payable36.71 M40.51 M56.73 M75.35 M62.78 M67.74 M
Total Assets818.06 M883.15 M966.45 M1.53 B2.02 B2.18 B
Current Assets519.24 M549.24 M555.13 M1.04 B1.4 B1.51 B
Assets Non Current298.82 M333.92 M411.32 M495.49 M617.09 M512.78 M
Cash and Equivalents178.41 M230.97 M183.12 M438.99 M730.56 M788.23 M
Cash and Equivalents USD178.41 M230.97 M183.12 M438.99 M730.56 M788.23 M
Shareholders Equity720.46 M779.1 M837.73 M1.34 B1.82 B1.96 B
Shareholders Equity USD720.46 M779.1 M837.73 M1.34 B1.82 B1.96 B
Inventory102.37 M89.68 M92.32 M100.82 M153.19 M134.94 M
Total Liabilities97.6 M104.06 M128.72 M191.45 M200.07 M168.45 M
Current Liabilities73.57 M75.3 M93.59 M154.1 M144.16 M121.67 M
Liabilities Non Current24.03 M28.76 M35.13 M37.35 M55.91 M46.79 M
Trade and Non Trade Payables36.71 M40.51 M56.73 M75.35 M62.78 M55.7 M
Property Plant and Equipment Net298.66 M333.18 M410.77 M494.92 M616.6 M512.04 M
Trade and Non Trade Receivables235.35 M223.1 M275.78 M491.13 M498.76 M417.48 M
Accumulated Retained Earnings Deficit750.42 M806.87 M881.29 M1.42 B2.14 B2.31 B
Tax Liabilities24.03 M28.76 M35.13 M37.35 M55.91 M47.2 M

Encore Wire Investors Sentiment

The influence of Encore Wire's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Encore. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Encore Wire's public news can be used to forecast risks associated with investment in Encore. The trend in average sentiment can be used to explain how an investor holding Encore can time the market purely based on public headlines and social activities around Encore Wire. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Encore Wire's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Encore Wire's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Encore Wire's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Encore Wire.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Encore Wire in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Encore Wire's short interest history, or implied volatility extrapolated from Encore Wire options trading.

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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.
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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 Encore Wire value 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.