Erie Historical Balance Sheet

ERIE Stock  USD 440.56  2.44  0.56%   
Trend analysis of Erie Indemnity balance sheet accounts such as Total Stockholder Equity of 971 M or Property Plant And Equipment Net of 464.7 M provides information on Erie Indemnity's total assets, liabilities, and equity, which is the actual value of Erie Indemnity to its prevalent stockholders. By breaking down trends over time using Erie Indemnity 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.
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Erie Indemnity 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 Erie Indemnity is a good buy for the upcoming year.

Erie Indemnity Inventory

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.

About Erie Balance Sheet Analysis

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

Erie Indemnity Balance Sheet Chart

At present, Erie Indemnity's Property Plant And Equipment Net is projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 194.5 M, whereas Total Stockholder Equity is forecasted to decline to about 971 M.

Total Assets

Total assets refers to the total amount of Erie Indemnity 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 Erie Indemnity 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. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most accounts from Erie Indemnity's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Erie Indemnity 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.At present, Erie Indemnity's Property Plant And Equipment Net is projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 194.5 M, whereas Total Stockholder Equity is forecasted to decline to about 971 M.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total93.8M122.5M112.3M103.3M
Total Assets2.2B2.2B2.5B4.6B

Erie Indemnity balance sheet Correlations

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0.51-0.23-0.49-0.610.2-0.36-0.490.530.53-0.460.53-0.020.54-0.090.410.42-0.030.510.52-0.070.52-0.250.31-0.51-0.07
-0.35-0.230.840.380.870.870.38-0.43-0.11-0.63-0.39-0.38-0.360.69-0.36-0.330.37-0.17-0.42-0.01-0.420.43-0.340.86-0.01
-0.38-0.490.840.560.530.770.46-0.49-0.14-0.37-0.46-0.2-0.450.55-0.38-0.380.15-0.32-0.49-0.32-0.490.42-0.320.97-0.32
-0.82-0.610.380.56-0.010.630.84-0.84-0.770.26-0.840.21-0.850.19-0.53-0.520.3-0.95-0.850.14-0.840.84-0.820.530.14
-0.110.20.870.53-0.010.70.11-0.170.13-0.89-0.13-0.51-0.090.72-0.19-0.150.440.19-0.150.08-0.160.26-0.180.580.08
-0.74-0.360.870.770.630.70.75-0.79-0.53-0.42-0.77-0.31-0.740.75-0.68-0.650.63-0.44-0.780.24-0.790.68-0.640.810.24
-0.99-0.490.380.460.840.110.75-0.99-0.90.13-0.99-0.07-1.00.48-0.79-0.780.68-0.76-1.00.34-0.990.81-0.830.480.34
0.990.53-0.43-0.49-0.84-0.17-0.79-0.990.89-0.091.00.121.0-0.530.80.78-0.710.731.0-0.361.0-0.820.85-0.53-0.36
0.950.53-0.11-0.14-0.770.13-0.53-0.90.89-0.420.91-0.040.92-0.190.690.68-0.580.780.9-0.620.9-0.70.76-0.17-0.62
-0.17-0.46-0.63-0.370.26-0.89-0.420.13-0.09-0.42-0.120.5-0.17-0.64-0.03-0.07-0.32-0.42-0.10.18-0.09-0.090.0-0.420.18
0.990.53-0.39-0.46-0.84-0.13-0.77-0.991.00.91-0.120.11.0-0.50.80.78-0.70.741.0-0.371.0-0.810.84-0.5-0.37
0.08-0.02-0.38-0.20.21-0.51-0.31-0.070.12-0.040.50.10.07-0.460.160.11-0.56-0.360.1-0.110.12-0.060.01-0.33-0.11
0.990.54-0.36-0.45-0.85-0.09-0.74-1.01.00.92-0.171.00.07-0.460.80.78-0.680.761.0-0.371.0-0.80.83-0.47-0.37
-0.45-0.090.690.550.190.720.750.48-0.53-0.19-0.64-0.5-0.46-0.46-0.55-0.510.740.06-0.490.02-0.510.41-0.430.610.02
0.790.41-0.36-0.38-0.53-0.19-0.68-0.790.80.69-0.030.80.160.8-0.551.0-0.650.40.79-0.370.8-0.540.58-0.42-0.37
0.770.42-0.33-0.38-0.52-0.15-0.65-0.780.780.68-0.070.780.110.78-0.511.0-0.60.410.77-0.330.78-0.510.55-0.41-0.33
-0.71-0.030.370.150.30.440.630.68-0.71-0.58-0.32-0.7-0.56-0.680.74-0.65-0.6-0.17-0.690.47-0.70.62-0.670.250.47
0.760.51-0.17-0.32-0.950.19-0.44-0.760.730.78-0.420.74-0.360.760.060.40.41-0.170.75-0.220.74-0.780.77-0.28-0.22
0.990.52-0.42-0.49-0.85-0.15-0.78-1.01.00.9-0.11.00.11.0-0.490.790.77-0.690.75-0.361.0-0.820.84-0.52-0.36
-0.47-0.07-0.01-0.320.140.080.240.34-0.36-0.620.18-0.37-0.11-0.370.02-0.37-0.330.47-0.22-0.36-0.370.25-0.33-0.251.0
0.990.52-0.42-0.49-0.84-0.16-0.79-0.991.00.9-0.091.00.121.0-0.510.80.78-0.70.741.0-0.37-0.820.84-0.52-0.37
-0.81-0.250.430.420.840.260.680.81-0.82-0.7-0.09-0.81-0.06-0.80.41-0.54-0.510.62-0.78-0.820.25-0.82-0.970.440.25
0.840.31-0.34-0.32-0.82-0.18-0.64-0.830.850.760.00.840.010.83-0.430.580.55-0.670.770.84-0.330.84-0.97-0.35-0.33
-0.42-0.510.860.970.530.580.810.48-0.53-0.17-0.42-0.5-0.33-0.470.61-0.42-0.410.25-0.28-0.52-0.25-0.520.44-0.35-0.25
-0.47-0.07-0.01-0.320.140.080.240.34-0.36-0.620.18-0.37-0.11-0.370.02-0.37-0.330.47-0.22-0.361.0-0.370.25-0.33-0.25
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Erie Indemnity Account Relationship Matchups

Erie Indemnity balance sheet Accounts

201920202021202220232024 (projected)
Total Assets2.0B2.1B2.2B2.2B2.5B4.6B
Short Long Term Debt Total97.8M95.9M93.8M122.5M112.3M103.3M
Total Stockholder Equity1.1B1.2B1.3B1.4B1.7B971.0M
Property Plant And Equipment Net221.4M265.3M374.8M413.9M442.6M464.7M
Net Debt(238.9M)(65.4M)(89.9M)(19.6M)(31.8M)(33.4M)
Retained Earnings2.4B2.4B2.5B2.6B2.8B1.7B
Non Current Assets Total1.0B1.3B1.4B1.4B1.5B844.4M
Non Currrent Assets Other(1.0B)(1.3B)(1.4B)(56.9M)185.2M194.5M
Other Assets131.6M153.2M132.2M167.1M38.6M36.7M
Net Receivables469.1M494.6M479.1M524.9M634.8M881.8M
Common Stock Shares Outstanding52.7M52.7M52.7M52.7M46.2M56.1M
Liabilities And Stockholders Equity2.0B2.1B2.2B2.2B2.5B4.6B
Non Current Liabilities Total114.3M112.7M109.4M502.5M100.2M95.1M
Other Stockholder Equity(3.5B)(1.1B)(1.2B)(1.2B)(1.2B)(1.1B)
Total Liab883.0M929.1M899.6M791.0M809.1M768.7M
Total Current Assets838.6M676.2M701.2M691.3M930.2M816.3M
Other Current Liab(435.8M)(154.6M)(140.4M)(165.9M)538.1M511.2M
Total Current Liabilities435.8M452.0M446.1M502.5M709.0M673.5M
Accounts Payable397.9M150.0M138.3M165.9M170.9M118.1M
Cash336.7M161.2M183.7M142.1M144.1M179.3M
Cash And Short Term Investments369.5M178.9M222.1M166.4M226.1M214.8M
Short Term Investments32.8M17.7M38.4M24.3M82.0M77.9M
Other Current Assets521.9M52.6M56.2M97.2M69.3M65.9M
Property Plant And Equipment Gross83.1M130.8M221.4M265.3M305.1M320.4M
Accumulated Other Comprehensive Income(116.9M)(78.1M)(25.3M)(7.4M)9.7M10.2M
Other Liab188.8M207.6M177.0M125.9M113.3M107.7M
Property Plant Equipment243.8M265.3M374.8M413.9M476.0M499.8M
Net Tangible Assets1.1B1.2B1.3B1.4B1.3B1.5B
Long Term Debt97.9M95.8M93.8M91.7M105.5M110.8M
Retained Earnings Total Equity2.4B2.4B2.5B2.6B3.0B1.5B
Deferred Long Term Liab13.7M14.9M14.6M27.8M25.0M23.8M
Long Term Investments724.7M973.0M966.4M930.9M1.0B993.2M
Non Current Liabilities Other185.7M192.7M162.4M98.1M88.3M83.9M
Capital Surpluse16.5M16.5M16.5M16.5M19.0M18.1M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Erie Indemnity is a strong investment it is important to analyze Erie Indemnity'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 Erie Indemnity's future performance. For an informed investment choice regarding Erie Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Property & Casualty Insurance space 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 Erie Indemnity. If investors know Erie 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 Erie Indemnity 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
0.22
Dividend Share
5.1
Earnings Share
10.71
Revenue Per Share
79.861
Quarterly Revenue Growth
0.164
The market value of Erie Indemnity is measured differently than its book value, which is the value of Erie that is recorded on the company's balance sheet. Investors also form their own opinion of Erie Indemnity's value that differs from its market value or its book value, called intrinsic value, which is Erie Indemnity'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 Erie Indemnity's market value can be influenced by many factors that don't directly affect Erie Indemnity'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 Erie Indemnity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erie Indemnity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erie Indemnity'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.