Envestnet Long Term Debt vs Net Working Capital Analysis
ENV Stock | USD 67.81 1.51 2.28% |
Envestnet financial indicator trend analysis is much more than just examining Envestnet latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Envestnet is a good investment. Please check the relationship between Envestnet Long Term Debt and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envestnet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Envestnet Stock please use our How to Invest in Envestnet guide.
Long Term Debt vs Net Working Capital
Long Term Debt vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Envestnet Long Term Debt account and Net Working Capital. At this time, the significance of the direction appears to have weak relationship.
The correlation between Envestnet's Long Term Debt and Net Working Capital is 0.38. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Envestnet, assuming nothing else is changed. The correlation between historical values of Envestnet's Long Term Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Envestnet are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Long Term Debt i.e., Envestnet's Long Term Debt and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that Envestnet has held for over one year. Long-term debt appears on Envestnet 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 Envestnet 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.Net Working Capital
Most indicators from Envestnet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Envestnet 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 Envestnet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Envestnet Stock please use our How to Invest in Envestnet guide.At this time, Envestnet's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 3.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 329 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 762.8M | 771.3M | 772.6M | 390.8M | Total Revenue | 1.2B | 1.2B | 1.2B | 1.3B |
Envestnet fundamental ratios Correlations
Click cells to compare fundamentals
Envestnet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Envestnet fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 50.9M | 53.6M | 55.4M | 56.8M | 54.5M | 43.2M | |
Total Assets | 1.8B | 2.1B | 2.2B | 2.1B | 1.9B | 1.1B | |
Other Current Liab | 137.9M | 11.3M | 743K | 216.5M | 241.4M | 253.5M | |
Total Current Liabilities | 203.8M | 236.4M | 288.7M | 327.1M | 292.5M | 158.6M | |
Total Stockholder Equity | 869.1M | 976.3M | 957.1M | 754.6M | 568.2M | 471.5M | |
Other Liab | 76.6M | 63.4M | 38.1M | 35.1M | 40.3M | 34.7M | |
Property Plant And Equipment Net | 136.6M | 153.2M | 140.9M | 144.0M | 117.4M | 62.5M | |
Current Deferred Revenue | 34.8M | 34.9M | 33.5M | 36.4M | 38.2M | 40.1M | |
Net Debt | 585.2M | 497.8M | 536.5M | 877.1M | 899.0M | 943.9M | |
Retained Earnings | (75.7M) | (79.9M) | (38.0M) | (118.9M) | (357.7M) | (339.8M) | |
Accounts Payable | 155.2M | 176.6M | 243.5M | 17.3M | 241.4M | 253.5M | |
Cash | 82.5M | 384.6M | 429.3M | 162.2M | 91.4M | 143.4M | |
Non Current Assets Total | 1.6B | 1.6B | 1.7B | 1.8B | 1.6B | 838.9M | |
Non Currrent Assets Other | 37.1M | 47.6M | 73.8M | 99.9M | 126.7M | 133.1M | |
Other Assets | 37.1M | 249.3M | 73.8M | 62.5M | 71.9M | 44.0M | |
Cash And Short Term Investments | 82.5M | 384.6M | 429.3M | 162.2M | 91.4M | 143.4M | |
Net Receivables | 67.8M | 80.1M | 95.3M | 101.7M | 121.0M | 127.0M | |
Good Will | 879.9M | 906.8M | 925.2M | 998.4M | 806.6M | 453.3M | |
Common Stock Total Equity | 306K | 331K | 339K | 344K | 395.6K | 267.5K | |
Liabilities And Stockholders Equity | 1.8B | 2.1B | 2.2B | 2.1B | 1.9B | 1.1B | |
Non Current Liabilities Total | 730.5M | 932.1M | 992.9M | 1.0B | 1.0B | 1.1B | |
Other Current Assets | 32.2M | 40.6M | 42.7M | 41.4M | 51.5M | 54.0M | |
Other Stockholder Equity | 946.2M | 1.1B | 996.6M | 881.7M | 934.1M | 559.6M | |
Total Liab | 934.3M | 1.2B | 1.3B | 1.3B | 1.3B | 1.4B | |
Property Plant And Equipment Gross | 136.6M | 153.2M | 140.9M | 144.0M | 199.4M | 209.4M | |
Total Current Assets | 182.5M | 505.2M | 567.3M | 305.2M | 263.8M | 217.1M | |
Accumulated Other Comprehensive Income | (1.7M) | (398K) | (1.9M) | (8.6M) | (8.6M) | (9.0M) | |
Treasury Stock | (67.9M) | (91.0M) | (110.5M) | (135.0M) | (121.5M) | (115.4M) | |
Intangible Assets | 565.9M | 531.5M | 534.1M | 564.6M | 562.8M | 282.1M | |
Common Stock | 331K | 339K | 344K | 350K | 355K | 282.5K | |
Property Plant Equipment | 53.8M | 48.0M | 140.9M | 144.0M | 165.6M | 173.9M | |
Short Long Term Debt Total | 667.7M | 882.3M | 965.8M | 1.0B | 990.4M | 1.0B | |
Long Term Debt | 565.5M | 756.5M | 848.9M | 871.8M | 876.6M | 920.4M | |
Short Term Debt | 13.8M | 13.6M | 11.0M | 56.8M | 12.9M | 12.3M | |
Net Tangible Assets | (576.6M) | (462.0M) | (502.1M) | (808.4M) | (727.6M) | (691.2M) | |
Noncontrolling Interest In Consolidated Entity | (1.1M) | (1.5M) | (519K) | 2.5M | 2.8M | 3.0M | |
Retained Earnings Total Equity | (58.9M) | (75.7M) | (79.9M) | (38.0M) | (34.2M) | (35.9M) | |
Capital Surpluse | 1.0B | 1.2B | 1.1B | 1.1B | 1.3B | 691.4M |
Pair Trading with Envestnet
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 Envestnet 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 Envestnet will appreciate offsetting losses from the drop in the long position's value.Moving against Envestnet Stock
0.94 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
0.9 | VS | Versus Systems Financial Report 20th of May 2024 | PairCorr |
0.84 | PD | Pagerduty Financial Report 6th of June 2024 | PairCorr |
0.83 | U | Unity Software | PairCorr |
0.82 | QH | QuhuoLtd | PairCorr |
The ability to find closely correlated positions to Envestnet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envestnet 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 Envestnet - 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 Envestnet to buy it.
The correlation of Envestnet 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 Envestnet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envestnet 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 Envestnet 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envestnet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Envestnet Stock please use our How to Invest in Envestnet guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Envestnet Stock analysis
When running Envestnet's price analysis, check to measure Envestnet'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 Envestnet is operating at the current time. Most of Envestnet's value examination focuses on studying past and present price action to predict the probability of Envestnet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envestnet's price. Additionally, you may evaluate how the addition of Envestnet to your portfolios can decrease your overall portfolio volatility.
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Is Envestnet'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 Envestnet. If investors know Envestnet 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 Envestnet 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 6 | Earnings Share (3.57) | Revenue Per Share 23.276 | Quarterly Revenue Growth 0.088 | Return On Assets 0.0188 |
The market value of Envestnet is measured differently than its book value, which is the value of Envestnet that is recorded on the company's balance sheet. Investors also form their own opinion of Envestnet's value that differs from its market value or its book value, called intrinsic value, which is Envestnet'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 Envestnet's market value can be influenced by many factors that don't directly affect Envestnet'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 Envestnet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Envestnet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envestnet'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.