Enova Long Term Debt Total vs Net Tangible Assets Analysis

ENVA Stock

USD 61.46 1.05 1.68%

Enova International financial indicator trend analysis is much more than just examining Enova International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enova International is a good investment. Please check the relationship between Enova International Long Term Debt Total and its Net Tangible Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enova International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For information on how to trade Enova Stock refer to our How to Trade Enova Stock guide.

Long Term Debt Total vs Net Tangible Assets

Long Term Debt Total vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enova International Long Term Debt Total account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Enova International's Long Term Debt Total and Net Tangible Assets is 0.93. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Enova International, assuming nothing else is changed. The correlation between historical values of Enova International's Long Term Debt Total and Net Tangible 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 Long Term Debt Total of Enova International are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Long Term Debt Total i.e., Enova International's Long Term Debt Total and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Long Term Debt Total

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Enova International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enova International 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 Enova International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For information on how to trade Enova Stock refer to our How to Trade Enova Stock guide.As of May 16, 2024, Selling General Administrative is expected to decline to about 121.5 M. In addition to that, Tax Provision is expected to decline to about 45.2 M

	2021	2022	2023	2024 (projected)
Gross Profit	947.8M	1.1B	1.0B	562.2M
Total Revenue	1.2B	1.7B	2.1B	2.2B

Gross Profit Total Revenue

Enova International fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Other Current Liab	Total Current Liabilities	Accounts Payable	Other Liab	Current Deferred Revenue	Long Term Debt	Net Receivables
Total Assets		0.99	0.96	0.78	0.98	0.99	0.85	0.81	0.56	0.97	0.85	0.88	0.34	0.98	-0.87	0.99	0.94	1.0	0.66	0.95	0.1	0.37	0.95	0.0	0.99	1.0
Short Long Term Debt Total	0.99		0.92	0.71	1.0	0.96	0.83	0.73	0.53	0.97	0.83	0.88	0.31	0.99	-0.92	1.0	0.95	0.99	0.55	0.95	0.09	0.28	0.94	0.08	1.0	0.99
Total Stockholder Equity	0.96	0.92		0.87	0.9	0.99	0.84	0.91	0.59	0.93	0.84	0.82	0.38	0.92	-0.72	0.92	0.87	0.96	0.82	0.89	0.09	0.52	0.91	-0.15	0.91	0.95
Property Plant And Equipment Net	0.78	0.71	0.87		0.69	0.83	0.69	0.97	0.54	0.72	0.69	0.75	0.08	0.71	-0.45	0.71	0.67	0.77	0.88	0.68	0.12	0.65	0.72	-0.27	0.69	0.75
Net Debt	0.98	1.0	0.9	0.69		0.94	0.78	0.72	0.53	0.96	0.78	0.87	0.32	0.99	-0.92	1.0	0.92	0.98	0.54	0.93	0.1	0.3	0.93	0.04	1.0	0.99
Retained Earnings	0.99	0.96	0.99	0.83	0.94		0.85	0.87	0.57	0.97	0.85	0.84	0.36	0.95	-0.8	0.96	0.91	0.98	0.76	0.93	0.1	0.44	0.94	-0.09	0.95	0.98
Cash	0.85	0.83	0.84	0.69	0.78	0.85		0.68	0.48	0.87	1.0	0.78	0.18	0.82	-0.71	0.83	0.94	0.85	0.54	0.87	0.07	0.07	0.78	0.35	0.83	0.82
Non Current Assets Total	0.81	0.73	0.91	0.97	0.72	0.87	0.68		0.62	0.75	0.68	0.76	0.22	0.75	-0.48	0.74	0.67	0.8	0.93	0.71	0.07	0.71	0.75	-0.35	0.71	0.79
Non Currrent Assets Other	0.56	0.53	0.59	0.54	0.53	0.57	0.48	0.62		0.44	0.48	0.63	0.25	0.49	-0.3	0.54	0.5	0.58	0.42	0.51	0.37	0.48	0.4	-0.02	0.5	0.53
Other Assets	0.97	0.97	0.93	0.72	0.96	0.97	0.87	0.75	0.44		0.87	0.83	0.27	0.96	-0.9	0.97	0.95	0.97	0.63	0.98	0.12	0.22	0.95	0.05	0.97	0.97
Cash And Short Term Investments	0.85	0.83	0.84	0.69	0.78	0.85	1.0	0.68	0.48	0.87		0.78	0.18	0.82	-0.71	0.83	0.94	0.85	0.54	0.87	0.07	0.07	0.78	0.35	0.83	0.82
Good Will	0.88	0.88	0.82	0.75	0.87	0.84	0.78	0.76	0.63	0.83	0.78		0.17	0.87	-0.79	0.88	0.87	0.88	0.55	0.82	0.14	0.25	0.78	0.17	0.87	0.87
Common Stock Shares Outstanding	0.34	0.31	0.38	0.08	0.32	0.36	0.18	0.22	0.25	0.27	0.18	0.17		0.33	-0.18	0.32	0.24	0.34	0.3	0.21	-0.15	0.32	0.37	-0.17	0.31	0.35
Non Current Liabilities Total	0.98	0.99	0.92	0.71	0.99	0.95	0.82	0.75	0.49	0.96	0.82	0.87	0.33		-0.91	0.99	0.94	0.98	0.58	0.92	-0.04	0.31	0.94	0.06	0.99	0.99
Other Stockholder Equity	-0.87	-0.92	-0.72	-0.45	-0.92	-0.8	-0.71	-0.48	-0.3	-0.9	-0.71	-0.79	-0.18	-0.91		-0.91	-0.87	-0.87	-0.3	-0.88	-0.01	0.01	-0.87	-0.22	-0.93	-0.89
Total Liab	0.99	1.0	0.92	0.71	1.0	0.96	0.83	0.74	0.54	0.97	0.83	0.88	0.32	0.99	-0.91		0.95	0.99	0.56	0.95	0.1	0.29	0.94	0.07	1.0	0.99
Property Plant And Equipment Gross	0.94	0.95	0.87	0.67	0.92	0.91	0.94	0.67	0.5	0.95	0.94	0.87	0.24	0.94	-0.87	0.95		0.94	0.49	0.94	0.11	0.09	0.88	0.32	0.95	0.93
Total Current Assets	1.0	0.99	0.96	0.77	0.98	0.98	0.85	0.8	0.58	0.97	0.85	0.88	0.34	0.98	-0.87	0.99	0.94		0.64	0.95	0.11	0.36	0.94	0.01	0.99	1.0
Intangible Assets	0.66	0.55	0.82	0.88	0.54	0.76	0.54	0.93	0.42	0.63	0.54	0.55	0.3	0.58	-0.3	0.56	0.49	0.64		0.56	0.01	0.72	0.64	-0.52	0.54	0.64
Other Current Liab	0.95	0.95	0.89	0.68	0.93	0.93	0.87	0.71	0.51	0.98	0.87	0.82	0.21	0.92	-0.88	0.95	0.94	0.95	0.56		0.26	0.15	0.92	0.09	0.95	0.94
Total Current Liabilities	0.1	0.09	0.09	0.12	0.1	0.1	0.07	0.07	0.37	0.12	0.07	0.14	-0.15	-0.04	-0.01	0.1	0.11	0.11	0.01	0.26		-0.08	0.02	-0.02	0.08	0.08
Accounts Payable	0.37	0.28	0.52	0.65	0.3	0.44	0.07	0.71	0.48	0.22	0.07	0.25	0.32	0.31	0.01	0.29	0.09	0.36	0.72	0.15	-0.08		0.32	-0.75	0.26	0.36
Other Liab	0.95	0.94	0.91	0.72	0.93	0.94	0.78	0.75	0.4	0.95	0.78	0.78	0.37	0.94	-0.87	0.94	0.88	0.94	0.64	0.92	0.02	0.32		-0.06	0.94	0.95
Current Deferred Revenue	0.0	0.08	-0.15	-0.27	0.04	-0.09	0.35	-0.35	-0.02	0.05	0.35	0.17	-0.17	0.06	-0.22	0.07	0.32	0.01	-0.52	0.09	-0.02	-0.75	-0.06		0.09	-0.02
Long Term Debt	0.99	1.0	0.91	0.69	1.0	0.95	0.83	0.71	0.5	0.97	0.83	0.87	0.31	0.99	-0.93	1.0	0.95	0.99	0.54	0.95	0.08	0.26	0.94	0.09		0.99
Net Receivables	1.0	0.99	0.95	0.75	0.99	0.98	0.82	0.79	0.53	0.97	0.82	0.87	0.35	0.99	-0.89	0.99	0.93	1.0	0.64	0.94	0.08	0.36	0.95	-0.02	0.99

Click cells to compare fundamentals

Enova International Account Relationship Matchups

Enova International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	2.1B	2.8B	3.8B	4.6B	4.8B
Short Long Term Debt Total	1.0B	1.0B	1.4B	2.3B	3.0B	3.1B
Total Stockholder Equity	376.6M	917.3M	1.1B	1.2B	1.2B	1.3B
Property Plant And Equipment Net	74.1M	119.5M	101.5M	112.6M	123.0M	68.5M
Net Debt	979.5M	717.1M	1.3B	2.2B	2.6B	2.7B
Retained Earnings	372.7M	849.5M	1.1B	1.3B	1.5B	1.6B
Cash	47.3M	297.3M	165.5M	100.2M	377.4M	396.3M
Non Current Assets Total	354.8M	457.1M	467.5M	474.0M	462.8M	390.8M
Non Currrent Assets Other	11.5M	43.5M	51.3M	54.7M	83.4M	87.5M
Other Assets	4.8M	1.4B	2.2B	3.2B	4.6B	4.8B
Cash And Short Term Investments	47.3M	297.3M	165.5M	100.2M	377.4M	396.3M
Common Stock Shares Outstanding	34.4M	32.3M	37.7M	33.5M	31.9M	36.9M
Liabilities And Stockholders Equity	1.6B	2.1B	2.8B	3.8B	4.6B	4.8B
Non Current Liabilities Total	1.1B	1.1B	1.5B	2.4B	3.1B	3.2B
Other Stockholder Equity	7.0M	74.8M	(4.2M)	(121.1M)	(241.9M)	(229.8M)
Total Liab	1.2B	1.2B	1.7B	2.6B	3.3B	3.5B
Property Plant And Equipment Gross	74.1M	119.5M	101.5M	112.6M	254.1M	266.8M
Total Current Assets	1.2B	1.7B	2.3B	3.3B	4.1B	4.3B
Accumulated Other Comprehensive Income	(3.1M)	(6.9M)	(8.5M)	(6.0M)	(6.3M)	(6.6M)
Intangible Assets	2.2M	26.0M	35.4M	27.4M	19.0M	9.8M
Other Current Liab	(12.8M)	39.0M	44.1M	87.7M	135.2M	142.0M
Total Current Liabilities	122.2M	126.7M	156.1M	198.3M	261.2M	135.5M
Accounts Payable	122.2M	124.1M	156.1M	198.3M	43.3M	41.2M
Other Liab	48.7M	48.1M	86.9M	104.2M	119.8M	125.8M
Current Deferred Revenue	11.3M	2.2M	(72.5M)	(119.5M)	60.3M	63.3M
Long Term Debt	991.2M	946.5M	1.4B	2.3B	2.9B	3.1B
Net Receivables	1.1B	1.3B	2.1B	3.1B	3.7B	3.9B
Other Current Assets	(1.2B)	(1.6B)	(2.2B)	78.2M	(4.1B)	(3.8B)
Short Term Debt	1.5M	38.6M	28.3M	31.8M	22.3M	21.2M
Property Plant Equipment	54.5M	79.4M	101.5M	93.2M	107.2M	63.7M
Net Tangible Assets	107.4M	623.4M	778.3M	879.5M	1.0B	1.1B
Retained Earnings Total Equity	372.7M	849.5M	1.1B	1.3B	1.5B	1.6B
Deferred Long Term Liab	48.7M	48.1M	86.9M	104.2M	119.8M	125.8M
Long Term Investments	1.1B	1.2B	2.0B	3.0B	3.5B	3.6B
Short Long Term Debt	5.3M	2.2M	1.5M	29.7M	26.8M	25.4M
Treasury Stock	(56.8M)	(113.2M)	(229.9M)	(372.9M)	(335.6M)	(318.9M)
Long Term Debt Total	991.2M	946.5M	1.4B	2.3B	2.6B	2.7B

Enova International Investors Sentiment

The influence of Enova International's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Enova. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Enova International's public news can be used to forecast risks associated with an investment in Enova. The trend in average sentiment can be used to explain how an investor holding Enova can time the market purely based on public headlines and social activities around Enova International. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Enova International's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Enova International's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Enova International's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Enova International.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Enova International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Enova International's short interest history, or implied volatility extrapolated from Enova International options trading.

Pair Trading with Enova International

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 Enova International 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 Enova International will appreciate offsetting losses from the drop in the long position's value.

Moving together with Enova Stock

0.67

Loews Corp

Pair Corr

The ability to find closely correlated positions to Enova International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enova International 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 Enova International - 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 Enova International to buy it.

The correlation of Enova International 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 Enova International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enova International 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 Enova International 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.

Pair Correlation Correlation Matching

When determining whether Enova International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enova International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enova International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enova International Stock:

How To Invest In Enova

Details

Is Enova Stock a good investment?

Details

What is Enova International's Net Worth?

Details

Largest Consumer Finance Companies

View

Largest Financial Services Companies

View

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enova International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For information on how to trade Enova Stock refer to our How to Trade Enova Stock guide.

You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Enova Stock analysis

When running Enova International's price analysis, check to measure Enova International'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 Enova International is operating at the current time. Most of Enova International's value examination focuses on studying past and present price action to predict the probability of Enova International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enova International's price. Additionally, you may evaluate how the addition of Enova International to your portfolios can decrease your overall portfolio volatility.

	Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges
	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated
	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios
	AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities

Is Enova International'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 Enova International. If investors know Enova 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 Enova International 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

0.051

Earnings Share

5.57

Revenue Per Share

35.897

Quarterly Revenue Growth

0.155

Return On Assets

0.0407

The market value of Enova International is measured differently than its book value, which is the value of Enova that is recorded on the company's balance sheet. Investors also form their own opinion of Enova International's value that differs from its market value or its book value, called intrinsic value, which is Enova International'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 Enova International's market value can be influenced by many factors that don't directly affect Enova International'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 Enova International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enova International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enova International'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Enova Long Term Debt Total vs Net Tangible Assets Analysis

Long Term Debt Total vs Net Tangible Assets

Long Term Debt Total vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Long Term Debt Total

Net Tangible Assets

Enova International fundamental ratios Correlations

Enova International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enova International fundamental ratios Accounts

Enova International Investors Sentiment

Pair Trading with Enova International

Moving together with Enova Stock

Complementary Tools for Enova Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Net Debt

Long Term Debt	- 0.93	Other Stockholder Equity
Other Stockholder Equity	- 0.92	Net Debt
Other Stockholder Equity	- 0.92	Short Long Term Debt Total
Total Liab	- 0.91	Other Stockholder Equity
Other Stockholder Equity	- 0.91	Non Current Liabilities Total
Other Stockholder Equity	- 0.9	Other Assets