Enova Net Receivables vs Short Long Term Debt Analysis
ENVA Stock | USD 62.51 0.38 0.60% |
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 Net Receivables and its Short Long Term Debt 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.
Net Receivables vs Short Long Term Debt
Net Receivables vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enova International Net Receivables account and Short Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Enova International's Net Receivables and Short Long Term Debt is -0.62. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Short Long Term Debt 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 Net Receivables and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Enova International are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Net Receivables i.e., Enova International's Net Receivables and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Receivables
Short Long Term Debt
The total of a company’s short-term and long-term borrowings.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 15, 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 |
Enova International fundamental ratios Correlations
Click cells to compare fundamentals
Enova International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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.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.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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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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.
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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.