Eversource Retained Earnings vs Total Current Liabilities Analysis

ES Stock

USD 58.58 0.25 0.42%

Eversource Energy financial indicator trend analysis is much more than just examining Eversource Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eversource Energy is a good investment. Please check the relationship between Eversource Energy Retained Earnings and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eversource Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.

Retained Earnings vs Total Current Liabilities

Retained Earnings vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eversource Energy Retained Earnings account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Eversource Energy's Retained Earnings and Total Current Liabilities is 0.7. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Eversource Energy, assuming nothing else is changed. The correlation between historical values of Eversource Energy's Retained Earnings and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Eversource Energy are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Retained Earnings i.e., Eversource Energy's Retained Earnings and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.7

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Liabilities

Total Current Liabilities is an item on Eversource Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Eversource Energy 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.

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

For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.At this time, Eversource Energy's Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 50.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 126.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	4.8B	5.4B	3.3B	3.2B
Total Revenue	9.9B	12.3B	11.9B	6.3B

Gross Profit Total Revenue

Eversource Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.58	0.41	-0.21	0.53	0.93	0.54	0.15	0.41	0.78	0.48	0.29	0.59	-0.22	0.18	0.88	0.97	0.43	0.51	0.33	-0.52	0.51	0.44	0.81	0.55	0.97
Total Assets	0.58		0.97	-0.32	0.97	0.74	1.0	0.77	0.97	0.74	0.96	0.48	1.0	-0.41	0.37	0.76	0.64	0.98	0.45	0.89	-0.63	0.99	0.97	0.79	0.92	0.65
Short Long Term Debt Total	0.41	0.97		-0.31	0.96	0.6	0.99	0.87	1.0	0.64	0.97	0.47	0.97	-0.43	0.36	0.66	0.5	0.99	0.46	0.93	-0.56	0.99	0.99	0.72	0.9	0.51
Other Current Liab	-0.21	-0.32	-0.31		-0.44	-0.38	-0.31	-0.39	-0.3	-0.47	-0.49	-0.94	-0.32	0.31	-0.92	-0.45	-0.17	-0.26	-0.29	-0.36	0.13	-0.32	-0.36	-0.5	-0.34	-0.17
Total Current Liabilities	0.53	0.97	0.96	-0.44		0.7	0.96	0.85	0.95	0.7	0.98	0.59	0.96	-0.44	0.52	0.75	0.6	0.94	0.5	0.91	-0.59	0.97	0.97	0.8	0.97	0.61
Total Stockholder Equity	0.93	0.74	0.6	-0.38	0.7		0.7	0.36	0.6	0.93	0.67	0.48	0.74	-0.19	0.35	0.92	0.92	0.59	0.48	0.49	-0.56	0.68	0.62	0.9	0.69	0.92
Property Plant And Equipment Net	0.54	1.0	0.99	-0.31	0.96	0.7		0.8	0.99	0.72	0.97	0.46	1.0	-0.43	0.35	0.73	0.6	0.99	0.45	0.9	-0.63	1.0	0.98	0.77	0.91	0.61
Current Deferred Revenue	0.15	0.77	0.87	-0.39	0.85	0.36	0.8		0.87	0.42	0.87	0.46	0.77	-0.4	0.4	0.48	0.24	0.81	0.49	0.88	-0.34	0.81	0.9	0.59	0.79	0.25
Net Debt	0.41	0.97	1.0	-0.3	0.95	0.6	0.99	0.87		0.63	0.97	0.46	0.97	-0.43	0.35	0.65	0.49	0.99	0.46	0.93	-0.56	0.99	0.99	0.72	0.9	0.51
Retained Earnings	0.78	0.74	0.64	-0.47	0.7	0.93	0.72	0.42	0.63		0.73	0.58	0.74	-0.17	0.44	0.83	0.73	0.61	0.32	0.47	-0.6	0.7	0.66	0.83	0.64	0.73
Accounts Payable	0.48	0.96	0.97	-0.49	0.98	0.67	0.97	0.87	0.97	0.73		0.62	0.96	-0.42	0.53	0.74	0.53	0.95	0.47	0.91	-0.57	0.97	0.98	0.79	0.91	0.54
Cash	0.29	0.48	0.47	-0.94	0.59	0.48	0.46	0.46	0.46	0.58	0.62		0.48	-0.31	0.95	0.53	0.25	0.42	0.26	0.46	-0.21	0.47	0.49	0.57	0.52	0.25
Non Current Assets Total	0.59	1.0	0.97	-0.32	0.96	0.74	1.0	0.77	0.97	0.74	0.96	0.48		-0.4	0.36	0.76	0.64	0.98	0.44	0.88	-0.63	0.99	0.97	0.78	0.92	0.65
Non Currrent Assets Other	-0.22	-0.41	-0.43	0.31	-0.44	-0.19	-0.43	-0.4	-0.43	-0.17	-0.42	-0.31	-0.4		-0.25	-0.32	-0.27	-0.43	-0.53	-0.58	0.52	-0.42	-0.44	-0.38	-0.46	-0.27
Cash And Short Term Investments	0.18	0.37	0.36	-0.92	0.52	0.35	0.35	0.4	0.35	0.44	0.53	0.95	0.36	-0.25		0.42	0.17	0.31	0.2	0.39	-0.19	0.37	0.39	0.47	0.45	0.17
Net Receivables	0.88	0.76	0.66	-0.45	0.75	0.92	0.73	0.48	0.65	0.83	0.74	0.53	0.76	-0.32	0.42		0.89	0.64	0.69	0.63	-0.44	0.72	0.68	0.97	0.71	0.89
Common Stock Total Equity	0.97	0.64	0.5	-0.17	0.6	0.92	0.6	0.24	0.49	0.73	0.53	0.25	0.64	-0.27	0.17	0.89		0.5	0.6	0.44	-0.54	0.58	0.51	0.85	0.62	1.0
Non Current Liabilities Total	0.43	0.98	0.99	-0.26	0.94	0.59	0.99	0.81	0.99	0.61	0.95	0.42	0.98	-0.43	0.31	0.64	0.5		0.39	0.92	-0.59	0.99	0.97	0.67	0.88	0.51
Inventory	0.51	0.45	0.46	-0.29	0.5	0.48	0.45	0.49	0.46	0.32	0.47	0.26	0.44	-0.53	0.2	0.69	0.6	0.39		0.62	-0.18	0.45	0.49	0.75	0.48	0.6
Other Current Assets	0.33	0.89	0.93	-0.36	0.91	0.49	0.9	0.88	0.93	0.47	0.91	0.46	0.88	-0.58	0.39	0.63	0.44	0.92	0.62		-0.47	0.91	0.94	0.71	0.88	0.45
Other Stockholder Equity	-0.52	-0.63	-0.56	0.13	-0.59	-0.56	-0.63	-0.34	-0.56	-0.6	-0.57	-0.21	-0.63	0.52	-0.19	-0.44	-0.54	-0.59	-0.18	-0.47		-0.61	-0.56	-0.48	-0.61	-0.54
Total Liab	0.51	0.99	0.99	-0.32	0.97	0.68	1.0	0.81	0.99	0.7	0.97	0.47	0.99	-0.42	0.37	0.72	0.58	0.99	0.45	0.91	-0.61		0.98	0.76	0.91	0.59
Property Plant And Equipment Gross	0.44	0.97	0.99	-0.36	0.97	0.62	0.98	0.9	0.99	0.66	0.98	0.49	0.97	-0.44	0.39	0.68	0.51	0.97	0.49	0.94	-0.56	0.98		0.75	0.92	0.52
Total Current Assets	0.81	0.79	0.72	-0.5	0.8	0.9	0.77	0.59	0.72	0.83	0.79	0.57	0.78	-0.38	0.47	0.97	0.85	0.67	0.75	0.71	-0.48	0.76	0.75		0.77	0.85
Short Term Debt	0.55	0.92	0.9	-0.34	0.97	0.69	0.91	0.79	0.9	0.64	0.91	0.52	0.92	-0.46	0.45	0.71	0.62	0.88	0.48	0.88	-0.61	0.91	0.92	0.77		0.63
Common Stock	0.97	0.65	0.51	-0.17	0.61	0.92	0.61	0.25	0.51	0.73	0.54	0.25	0.65	-0.27	0.17	0.89	1.0	0.51	0.6	0.45	-0.54	0.59	0.52	0.85	0.63

Click cells to compare fundamentals

Eversource Energy Account Relationship Matchups

Eversource Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	322.9M	339.8M	344.6M	347.2M	349.6M	208.8M
Total Assets	41.1B	46.1B	48.5B	53.2B	55.6B	58.4B
Short Long Term Debt Total	15.6B	18.0B	20.2B	22.9B	26.9B	28.2B
Other Current Liab	1.2B	1.2B	1.4B	(5.1T)	1.7B	1.7B
Total Current Liabilities	3.6B	4.9B	5.8B	6.8B	6.3B	6.7B
Total Stockholder Equity	12.6B	14.1B	14.6B	15.5B	14.2B	7.1B
Property Plant And Equipment Net	27.6B	30.9B	33.4B	36.1B	39.6B	41.5B
Net Debt	15.6B	17.9B	20.2B	22.6B	26.8B	28.2B
Retained Earnings	4.2B	4.6B	5.0B	5.5B	4.1B	2.2B
Accounts Payable	1.1B	1.4B	1.7B	2.1B	1.9B	2.0B
Cash	15.4M	106.6M	66.8M	374.6M	53.9M	77.2M
Non Current Assets Total	38.7B	43.0B	45.2B	49.0B	51.4B	53.9B
Non Currrent Assets Other	512.2M	583.9M	883.8M	(5.1T)	(5.3T)	(5.0T)
Cash And Short Term Investments	15.4M	106.6M	66.8M	374.6M	53.9M	88.4M
Net Receivables	1.2B	1.4B	1.4B	1.8B	1.7B	990.3M
Liabilities And Stockholders Equity	41.1B	46.1B	48.5B	53.2B	55.6B	58.4B
Non Current Liabilities Total	24.7B	27.0B	27.9B	30.8B	34.9B	41.7B
Inventory	235.5M	265.6M	267.5M	374.4M	507.3M	267.0M
Other Current Assets	651.1M	1.1B	1.1B	1.7B	2.0B	2.1B
Other Stockholder Equity	(148.8B)	(147.8B)	(147.7B)	(147.4B)	(157.4B)	(149.5B)
Total Liab	28.3B	31.9B	33.7B	37.6B	41.3B	43.3B
Property Plant And Equipment Gross	27.6B	30.9B	42.8B	46.0B	50.0B	52.5B
Total Current Assets	2.4B	3.1B	3.3B	4.2B	4.2B	2.1B
Accumulated Other Comprehensive Income	(65.1M)	(76.4M)	(42.3M)	(39.4M)	10.1B	10.6B
Short Term Debt	1.3B	2.3B	2.7B	2.8B	2.8B	3.0B
Other Liab	10.4B	11.2B	10.3B	10.6B	12.2B	12.8B
Other Assets	(30K)	23K	(50K)	20K	1.0	0.95
Long Term Debt	13.8B	15.1B	17.0B	19.7B	24.0B	25.2B
Property Plant Equipment	27.6B	30.9B	33.4B	36.1B	41.5B	43.6B
Treasury Stock	(299.1M)	(278.0M)	(250.9M)	(216.2M)	(248.7M)	(261.1M)
Retained Earnings Total Equity	4.2B	4.6B	5.0B	5.5B	6.4B	6.7B
Deferred Long Term Liab	4.9B	5.5B	4.6B	4.2B	4.9B	3.4B
Net Tangible Assets	8.9B	14.7B	15.2B	16.0B	18.4B	16.1B

Pair Trading with Eversource Energy

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 Eversource Energy 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 Eversource Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eversource Stock

0.75	ED	Consolidated Edison	Pair Corr
0.63	FE	FirstEnergy	Pair Corr

Moving against Eversource Stock

0.47	CMS-PB	Consumers Energy	Pair Corr
0.34	CMS-PC	CMS Energy	Pair Corr

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

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

Additional Tools for Eversource Stock Analysis

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

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