ENS Stock | | | USD 96.26 0.63 0.65% |
Enersys financial indicator trend analysis is much more than just examining Enersys latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enersys is a good investment. Please check the relationship between Enersys Common Stock Shares Outstanding and its Long Term Debt accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enersys. 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.
For more information on how to buy Enersys Stock please use our
How to Invest in Enersys guide.
Common Stock Shares Outstanding vs Long Term Debt
Common Stock Shares Outstanding vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Enersys Common Stock Shares Outstanding account and
Long Term Debt. At this time, the significance of the direction appears to have no relationship.
The correlation between Enersys' Common Stock Shares Outstanding and Long Term Debt is 0.08. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Enersys, assuming nothing else is changed. The correlation between historical values of Enersys' Common Stock Shares Outstanding and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Enersys are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Common Stock Shares Outstanding i.e., Enersys' Common Stock Shares Outstanding and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Long Term Debt
Long-term debt is a debt that Enersys has held for over one year. Long-term debt appears on Enersys balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Enersys balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from Enersys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enersys 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 Enersys. 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.
For more information on how to buy Enersys Stock please use our
How to Invest in Enersys guide.At this time, Enersys'
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 35
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 7.62 in 2024.
Enersys fundamental ratios Correlations
Click cells to compare fundamentals
Enersys Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enersys fundamental ratios Accounts
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Additional Tools for Enersys Stock Analysis
When running Enersys' price analysis, check to
measure Enersys' 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 Enersys is operating at the current time. Most of Enersys' value examination focuses on studying past and present price action to
predict the probability of Enersys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enersys' price. Additionally, you may evaluate how the addition of Enersys to your portfolios can decrease your overall portfolio volatility.