ENS Short Long Term Debt vs Total Stockholder Equity Analysis

ENS Stock

CAD 13.77 0.03 0.22%

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

Short Long Term Debt vs Total Stockholder Equity

Short Long Term Debt vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of E Split Corp Short Long Term Debt account and Total Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between E Split's Short Long Term Debt and Total Stockholder Equity is -0.44. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of E Split Corp, assuming nothing else is changed. The correlation between historical values of E Split's Short Long Term Debt and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of E Split Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Short Long Term Debt i.e., E Split's Short Long Term Debt and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.44

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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

As of the 29th of November 2024, Enterprise Value is likely to grow to about 437.3 M, while Selling General Administrative is likely to drop about 641 K.

	2021	2022	2023	2024 (projected)
Interest Income	19.2K	97.1K	461.0K	484.0K
Net Interest Income	18.2K	97.1K	461.0K	484.0K

Interest Income Net Interest Income

E Split fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Long Term Investments	Short Long Term Debt	Total Current Assets	Net Working Capital
Total Assets		0.99	-0.89	-0.84	1.0	0.95	0.94	0.98	0.94	0.99	-0.97	0.76	0.14	0.59	0.96	1.0	0.93	-0.95	0.99	0.77	0.2	-0.77	1.0	-0.47	-0.81	0.82
Short Long Term Debt Total	0.99		-0.84	-0.78	0.99	0.94	0.94	0.98	0.94	0.97	-0.96	0.75	0.23	0.61	0.96	0.99	0.92	-0.94	0.98	0.77	0.15	-0.77	0.99	-0.48	-0.74	0.82
Other Current Liab	-0.89	-0.84		0.98	-0.88	-0.9	-0.86	-0.88	-0.81	-0.88	0.91	-0.86	-0.07	-0.63	-0.84	-0.89	-0.84	0.94	-0.92	-0.82	-0.19	0.85	-0.89	0.56	0.97	-0.86
Total Current Liabilities	-0.84	-0.78	0.98		-0.83	-0.81	-0.76	-0.82	-0.76	-0.84	0.83	-0.87	-0.06	-0.5	-0.78	-0.84	-0.74	0.89	-0.88	-0.85	-0.26	0.87	-0.84	0.41	0.99	-0.85
Total Stockholder Equity	1.0	0.99	-0.88	-0.83		0.95	0.94	0.97	0.94	0.98	-0.97	0.76	0.16	0.55	0.96	1.0	0.93	-0.95	0.99	0.77	0.24	-0.77	1.0	-0.44	-0.8	0.8
Net Tangible Assets	0.95	0.94	-0.9	-0.81	0.95		1.0	0.94	0.9	0.93	-1.0	0.77	0.17	0.75	0.91	0.95	0.98	-0.97	0.95	0.71	0.08	-0.75	0.95	-0.7	-0.78	0.78
Net Debt	0.94	0.94	-0.86	-0.76	0.94	1.0		0.93	0.88	0.91	-0.99	0.77	0.23	0.77	0.91	0.94	0.97	-0.97	0.94	0.71	0.07	-0.75	0.94	-0.72	-0.72	0.79
Accounts Payable	0.98	0.98	-0.88	-0.82	0.97	0.94	0.93		0.93	0.97	-0.96	0.74	0.13	0.68	0.97	0.98	0.92	-0.93	0.97	0.77	0.11	-0.76	0.98	-0.53	-0.8	0.84
Cash	0.94	0.94	-0.81	-0.76	0.94	0.9	0.88	0.93		0.94	-0.91	0.66	0.11	0.55	0.84	0.94	0.89	-0.88	0.92	0.68	-0.07	-0.68	0.94	-0.44	-0.71	0.73
Non Current Assets Total	0.99	0.97	-0.88	-0.84	0.98	0.93	0.91	0.97	0.94		-0.96	0.69	-0.01	0.57	0.96	0.99	0.93	-0.92	0.97	0.7	0.22	-0.7	0.99	-0.45	-0.83	0.75
Non Currrent Assets Other	-0.97	-0.96	0.91	0.83	-0.97	-1.0	-0.99	-0.96	-0.91	-0.96		-0.78	-0.15	-0.71	-0.94	-0.97	-0.98	0.98	-0.97	-0.73	-0.14	0.76	-0.97	0.64	0.81	-0.8
Other Assets	0.76	0.75	-0.86	-0.87	0.76	0.77	0.77	0.74	0.66	0.69	-0.78		0.55	0.53	0.7	0.76	0.64	-0.89	0.84	0.97	0.18	-0.99	0.76	-0.45	-0.8	0.96
Cash And Short Term Investments	0.14	0.23	-0.07	-0.06	0.16	0.17	0.23	0.13	0.11	-0.01	-0.15	0.55		0.14	0.1	0.14	0.02	-0.29	0.23	0.54	-0.09	-0.55	0.14	-0.11	0.07	0.5
Net Receivables	0.59	0.61	-0.63	-0.5	0.55	0.75	0.77	0.68	0.55	0.57	-0.71	0.53	0.14		0.63	0.59	0.73	-0.68	0.59	0.44	-0.31	-0.5	0.59	-0.95	-0.49	0.61
Common Stock Shares Outstanding	0.96	0.96	-0.84	-0.78	0.96	0.91	0.91	0.97	0.84	0.96	-0.94	0.7	0.1	0.63		0.97	0.9	-0.91	0.95	0.72	0.33	-0.72	0.97	-0.49	-0.77	0.78
Short Term Investments	1.0	0.99	-0.89	-0.84	1.0	0.95	0.94	0.98	0.94	0.99	-0.97	0.76	0.14	0.59	0.97		0.93	-0.95	0.99	0.77	0.21	-0.78	1.0	-0.47	-0.81	0.82
Non Current Liabilities Total	0.93	0.92	-0.84	-0.74	0.93	0.98	0.97	0.92	0.89	0.93	-0.98	0.64	0.02	0.73	0.9	0.93		-0.92	0.9	0.58	0.07	-0.62	0.93	-0.7	-0.72	0.67
Inventory	-0.95	-0.94	0.94	0.89	-0.95	-0.97	-0.97	-0.93	-0.88	-0.92	0.98	-0.89	-0.29	-0.68	-0.91	-0.95	-0.92		-0.98	-0.85	-0.16	0.88	-0.95	0.61	0.84	-0.89
Other Current Assets	0.99	0.98	-0.92	-0.88	0.99	0.95	0.94	0.97	0.92	0.97	-0.97	0.84	0.23	0.59	0.95	0.99	0.9	-0.98		0.85	0.22	-0.85	0.99	-0.47	-0.84	0.88
Other Stockholder Equity	0.77	0.77	-0.82	-0.85	0.77	0.71	0.71	0.77	0.68	0.7	-0.73	0.97	0.54	0.44	0.72	0.77	0.58	-0.85	0.85		0.21	-0.99	0.77	-0.3	-0.78	0.98
Total Liab	0.2	0.15	-0.19	-0.26	0.24	0.08	0.07	0.11	-0.07	0.22	-0.14	0.18	-0.09	-0.31	0.33	0.21	0.07	-0.16	0.22	0.21		-0.19	0.21	0.31	-0.3	0.11
Net Invested Capital	-0.77	-0.77	0.85	0.87	-0.77	-0.75	-0.75	-0.76	-0.68	-0.7	0.76	-0.99	-0.55	-0.5	-0.72	-0.78	-0.62	0.88	-0.85	-0.99	-0.19		-0.78	0.39	0.8	-0.98
Long Term Investments	1.0	0.99	-0.89	-0.84	1.0	0.95	0.94	0.98	0.94	0.99	-0.97	0.76	0.14	0.59	0.97	1.0	0.93	-0.95	0.99	0.77	0.21	-0.78		-0.47	-0.81	0.82
Short Long Term Debt	-0.47	-0.48	0.56	0.41	-0.44	-0.7	-0.72	-0.53	-0.44	-0.45	0.64	-0.45	-0.11	-0.95	-0.49	-0.47	-0.7	0.61	-0.47	-0.3	0.31	0.39	-0.47		0.4	-0.45
Total Current Assets	-0.81	-0.74	0.97	0.99	-0.8	-0.78	-0.72	-0.8	-0.71	-0.83	0.81	-0.8	0.07	-0.49	-0.77	-0.81	-0.72	0.84	-0.84	-0.78	-0.3	0.8	-0.81	0.4		-0.79
Net Working Capital	0.82	0.82	-0.86	-0.85	0.8	0.78	0.79	0.84	0.73	0.75	-0.8	0.96	0.5	0.61	0.78	0.82	0.67	-0.89	0.88	0.98	0.11	-0.98	0.82	-0.45	-0.79

Click cells to compare fundamentals

E Split Account Relationship Matchups

E Split fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	83.8M	118.2M	403.7M	417.8M	458.1M	284.8M
Short Long Term Debt Total	31.9M	500K	171.0M	171.0M	215.6M	108.4M
Other Current Liab	31.9M	(1.6M)	(4.6M)	(4.7M)	(6.9M)	(6.6M)
Total Current Liabilities	32.9M	1.6M	4.6M	4.7M	6.9M	11.3M
Total Stockholder Equity	50.9M	57.7M	228.0M	242.0M	235.5M	156.2M
Net Debt	30.7M	(1.5M)	152.0M	161.3M	199.1M	209.1M
Accounts Payable	962.1K	1.6M	4.6M	4.7M	6.9M	3.6M
Cash	1.2M	2.0M	19.0M	9.7M	16.5M	9.3M
Non Current Assets Total	8.5K	116.2M	384.7M	408.0M	441.5M	260.4M
Non Currrent Assets Other	(82.6M)	(116.2M)	(384.7M)	(408.0M)	(441.5M)	(419.4M)
Cash And Short Term Investments	83.8M	2.0M	19.0M	9.7M	16.5M	17.7M
Net Receivables	9.6K	14.7K	7.8K	7.5K	126.9K	133.3K
Common Stock Shares Outstanding	3.2M	4.2M	10.0M	17.1M	18.1M	10.2M
Short Term Investments	82.6M	116.2M	384.7M	408.0M	441.5M	275.5M
Liabilities And Stockholders Equity	83.8M	118.2M	403.7M	417.8M	458.1M	284.8M
Non Current Liabilities Total	0.0	500K	4.6M	4.7M	5.4M	5.7M
Inventory	(82.6M)	(116.2M)	(384.7M)	(408.0M)	(441.5M)	(419.4M)
Other Current Assets	82.6M	116.2M	384.7M	408.0M	441.5M	262.7M
Total Liab	32.9M	60.6M	4.6M	175.8M	6.9M	6.6M
Long Term Investments	82.6M	116.2M	384.7M	408.0M	441.5M	275.5M
Total Current Assets	83.8M	2.0M	19.0M	9.7M	16.6M	27.1M
Short Term Debt	31.9M	58.9M	171.0M	171.0M	215.6M	119.1M
Common Stock	50.9M	57.7M	228.0M	242.0M	235.5M	156.2M

Pair Trading with E Split

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 E Split 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 E Split will appreciate offsetting losses from the drop in the long position's value.

Moving together with ENS Stock

0.88	ENB-PFV	Enbridge Pref 5	Pair Corr
0.88	ENS-PA	E Split Corp	Pair Corr

Moving against ENS Stock

0.84	TGO	TeraGo Inc	Pair Corr
0.53	SAGE	Sage Potash Corp	Pair Corr
0.45	RHC	Royal Helium	Pair Corr

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

The correlation of E Split 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 E Split moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E Split Corp 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 E Split 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

Other Information on Investing in ENS Stock

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

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ENS Short Long Term Debt vs Total Stockholder Equity Analysis

Short Long Term Debt vs Total Stockholder Equity

Short Long Term Debt vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Short Long Term Debt

Total Stockholder Equity

E Split fundamental ratios Correlations

E Split Account Relationship Matchups

High Positive Relationship

High Negative Relationship

E Split fundamental ratios Accounts

Pair Trading with E Split

Moving together with ENS Stock

Moving against ENS Stock

Other Information on Investing in ENS Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Short Term Investments	+ 1.0	Total Assets
Long Term Investments	+ 1.0	Total Assets
Short Term Investments	+ 1.0	Total Stockholder Equity
Long Term Investments	+ 1.0	Total Stockholder Equity
Net Debt	+ 1.0	Net Tangible Assets

Non Currrent Assets Other	- 1.0	Net Tangible Assets
Net Invested Capital	- 0.99	Other Stockholder Equity
Net Invested Capital	- 0.99	Other Assets
Non Currrent Assets Other	- 0.99	Net Debt
Net Working Capital	- 0.98	Net Invested Capital
Other Current Assets	- 0.98	Inventory