Ellington Total Current Assets vs Total Assets Analysis
EARN Stock | USD 7.06 0.02 0.28% |
Ellington Residential financial indicator trend analysis is much more than just examining Ellington Residential latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ellington Residential is a good investment. Please check the relationship between Ellington Residential Total Current Assets and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Total Current Assets vs Total Assets
Total Current Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ellington Residential Total Current Assets account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ellington Residential's Total Current Assets and Total Assets is 0.7. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Ellington Residential Mortgage, assuming nothing else is changed. The correlation between historical values of Ellington Residential's Total Current Assets and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Ellington Residential Mortgage are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Assets i.e., Ellington Residential's Total Current Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Total Assets
Total assets refers to the total amount of Ellington Residential 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 Ellington Residential 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.Most indicators from Ellington Residential's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ellington Residential 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 Ellington Residential Mortgage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Ellington Residential's Issuance Of Capital Stock is very stable compared to the past year. As of the 30th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop about 1.1 M.
Ellington Residential fundamental ratios Correlations
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Ellington Residential Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ellington Residential fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 1.2B | 1.6B | 1.1B | 945.7M | 1.5B | |
Other Current Liab | (3.8M) | (1.5M) | (2.8M) | (50.4M) | (729.5M) | (693.1M) | |
Total Stockholder Equity | 160.8M | 166.4M | 154.2M | 112.4M | 136.2M | 158.1M | |
Net Debt | 1.3B | 957.1M | 995.8M | 807.6M | 691.0M | 408.0M | |
Retained Earnings | (69.6M) | (63.3M) | (84.8M) | (128.7M) | (138.6M) | (131.7M) | |
Cash | 35.4M | 58.2M | 69.0M | 34.8M | 38.5M | 45.6M | |
Non Current Assets Total | 1.4B | 1.1B | 1.3B | 893.5M | 848.3M | 1.0B | |
Non Currrent Assets Other | (1.4B) | (1.1B) | (1.3B) | (893.5M) | 431K | 452.6K | |
Other Assets | 6.9M | 3.1M | 124.6M | 69.7M | 54.4M | 57.1M | |
Cash And Short Term Investments | 35.4M | 58.2M | 69.0M | 34.8M | 38.5M | 45.6M | |
Net Receivables | 45.1M | 51.9M | 93.2M | 55.6M | 58.9M | 60.5M | |
Common Stock Total Equity | 125K | 124K | 123K | 131K | 154.1K | 115.3K | |
Common Stock Shares Outstanding | 12.5M | 12.4M | 12.7M | 13.2M | 14.9M | 11.5M | |
Liabilities And Stockholders Equity | 1.5B | 1.2B | 1.6B | 1.1B | 945.7M | 1.5B | |
Non Current Liabilities Total | 32.0M | 13.2M | 379.4M | 50.4M | 79.9M | 75.9M | |
Other Stockholder Equity | 230.4M | 229.6M | 238.9M | 240.9M | 274.7M | 223.9M | |
Total Liab | 3.8M | 1.5M | 2.8M | 941.2M | 809.5M | 691.8M | |
Total Current Assets | 80.5M | 110.1M | 162.2M | 90.4M | 43.1M | 40.9M | |
Common Stock | 125K | 124K | 123K | 131K | 186K | 122.8K | |
Short Long Term Debt Total | 1.3B | 1.0B | 1.1B | 842.5M | 729.5M | 951.4M | |
Total Current Liabilities | 3.8M | 1.5M | 2.8M | 50.4M | 729.5M | 766.0M | |
Net Tangible Assets | 160.8M | 166.4M | 154.2M | 112.4M | 101.2M | 124.6M | |
Accounts Payable | 3.8M | 1.5M | 2.8M | 50.4M | 57.3M | 60.2M | |
Long Term Debt | 2.0M | 6.6M | 1.1M | 3.1M | 3.6M | 4.3M | |
Retained Earnings Total Equity | (69.6M) | (63.3M) | (84.8M) | (128.7M) | (115.8M) | (110.0M) | |
Short Term Investments | 2.1M | 2.8M | 117.5M | 499K | 74.3M | 44.7M | |
Long Term Debt Total | 2.0M | 6.6M | 1.1M | 3.1M | 3.6M | 4.8M | |
Capital Surpluse | 230.4M | 229.6M | 238.9M | 240.9M | 277.1M | 238.8M | |
Long Term Investments | 4.2M | 292K | 6.6M | 68.8M | 773.5M | 812.2M | |
Non Current Liabilities Other | 1.3B | 1.0B | 1.2B | 843.0M | 758.7M | 1.0B | |
Other Current Assets | (80.5M) | (110.1M) | (162.2M) | (90.4M) | (97.4M) | (102.3M) | |
Short Term Debt | 1.3B | 1.0B | 1.1B | 842.5M | 729.5M | 942.4M | |
Capital Stock | 124K | 123K | 131K | 134K | 186K | 150.9K |
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Is Ellington Residential'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 Ellington Residential. If investors know Ellington 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 Ellington Residential 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 (0.15) | Earnings Share 0.35 | Revenue Per Share (0) | Quarterly Revenue Growth (0.83) | Return On Assets 0.0046 |
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential'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 Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential'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 Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential'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.