Evergreen Historical Balance Sheet
| EVGR Stock | USD 11.81 0.01 0.08% |
Trend analysis of Evergreen Corp balance sheet accounts such as Other Current Liabilities of 475.3 K or Total Current Liabilities of 4.9 M provides information on Evergreen Corp's total assets, liabilities, and equity, which is the actual value of Evergreen Corp to its prevalent stockholders. By breaking down trends over time using Evergreen Corp 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 examining Evergreen Corp 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 Evergreen Corp is a good buy for the upcoming year.
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About Evergreen Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Evergreen Corp at a specified time, usually calculated after every quarter, six months, or one year. Evergreen Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Evergreen Corp 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 Evergreen currently owns. An asset can also be divided into two categories, current and non-current.
Evergreen Corp Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Evergreen Corp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Evergreen Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Accounts Payable
An accounting item on the balance sheet that represents Evergreen Corp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Evergreen Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most accounts from Evergreen Corp's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Evergreen Corp 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 Evergreen 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 price. To learn how to invest in Evergreen Stock, please use our How to Invest in Evergreen Corp guide.At this time, Evergreen Corp's Other Current Liabilities is relatively stable compared to the past year. As of 12/02/2024, Total Current Liabilities is likely to grow to about 4.9 M, while Total Stockholder Equity is likely to drop slightly above 69.5 M.
| 2021 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 3.6M | 4.1M | 4.3M | Total Assets | 118.5M | 95.6M | 74.0M |
Evergreen Corp balance sheet Correlations
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Evergreen Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Evergreen Corp
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 Evergreen Corp 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 Evergreen Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Evergreen Stock
| 0.95 | CG | Carlyle Group | PairCorr |
| 0.87 | MA | Mastercard | PairCorr |
| 0.84 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.88 | APO | Apollo Global Management | PairCorr |
The ability to find closely correlated positions to Evergreen Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evergreen Corp 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 Evergreen Corp - 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 Evergreen Corp to buy it.
The correlation of Evergreen Corp 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 Evergreen Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evergreen 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 Evergreen Corp 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.Additional Tools for Evergreen Stock Analysis
When running Evergreen Corp's price analysis, check to measure Evergreen Corp's 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 Evergreen Corp is operating at the current time. Most of Evergreen Corp's value examination focuses on studying past and present price action to predict the probability of Evergreen Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evergreen Corp's price. Additionally, you may evaluate how the addition of Evergreen Corp to your portfolios can decrease your overall portfolio volatility.