Equinor Balance Sheet Analysis From 2010 to 2024
EQNR Stock | USD 27.12 0.01 0.04% |
Equinor |
Most indicators from Equinor ASA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Equinor ASA ADR 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 Equinor ASA Valuation and Equinor ASA Correlation analysis. At this time, Equinor ASA's Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 04/23/2024, Enterprise Value Multiple is likely to grow to 5.05, while Selling General Administrative is likely to drop slightly above 885.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 41.9B | 88.8B | 36.7B | 31.6B | Total Revenue | 88.7B | 149.0B | 106.8B | 76.5B |
Equinor ASA fundamental ratios Correlations
Click cells to compare fundamentals
Equinor ASA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Equinor ASA fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 118.1B | 122.0B | 147.1B | 158.0B | 143.6B | 98.9B | |
Other Current Liab | 462M | 2.0B | 4.7B | 24.8B | 1.6B | 2.4B | |
Net Debt | 23.9B | 31.4B | 24.2B | 16.6B | 22.2B | 14.6B | |
Retained Earnings | 37.5B | 30.1B | 36.7B | 58.2B | 56.5B | 59.3B | |
Accounts Payable | 10.5B | 10.5B | 6.2B | 13.4B | 11.9B | 9.2B | |
Net Receivables | 8.2B | 8.2B | 17.9B | 22.5B | 16.9B | 10.6B | |
Inventory | 3.4B | 3.1B | 3.4B | 5.2B | 3.8B | 2.9B | |
Other Current Assets | 578M | 2.2B | 7.9B | 5.1B | 1.4B | 2.0B | |
Total Liab | 76.9B | 88.1B | 108.1B | 104.0B | 95.1B | 64.1B | |
Total Current Assets | 24.8B | 32.2B | 62.5B | 78.2B | 61.0B | 64.0B | |
Short Term Debt | 4.1B | 5.8B | 6.4B | 5.6B | 7.3B | 7.6B | |
Other Liab | 29.7B | 32.4B | 35.9B | 39.1B | 45.0B | 47.2B | |
Cash | 5.2B | 6.8B | 12.0B | 15.6B | 9.6B | 6.4B | |
Long Term Debt | 24.9B | 32.3B | 27.4B | 24.1B | 22.2B | 18.8B | |
Intangible Assets | 9.3B | 6.7B | 5.0B | 3.8B | 5.7B | 6.8B | |
Good Will | 1.5B | 1.5B | 1.5B | 1.4B | 1.7B | 1.1B | |
Net Tangible Assets | 30.4B | 25.7B | 32.6B | 48.8B | 56.2B | 36.5B | |
Short Long Term Debt | 4.1B | 5.8B | 5.3B | 4.4B | 6.0B | 4.4B |
Pair Trading with Equinor ASA
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 Equinor ASA 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 Equinor ASA will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Equinor ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equinor ASA 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 Equinor ASA - 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 Equinor ASA ADR to buy it.
The correlation of Equinor ASA 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 Equinor ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equinor ASA ADR 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 Equinor ASA 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 Equinor ASA Valuation and Equinor ASA Correlation analysis. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Equinor Stock analysis
When running Equinor ASA's price analysis, check to measure Equinor ASA'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 Equinor ASA is operating at the current time. Most of Equinor ASA's value examination focuses on studying past and present price action to predict the probability of Equinor ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equinor ASA's price. Additionally, you may evaluate how the addition of Equinor ASA to your portfolios can decrease your overall portfolio volatility.
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |
Is Equinor ASA'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 Equinor ASA. If investors know Equinor 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 Equinor ASA 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 (0.65) | Dividend Share 1.25 | Earnings Share 3.93 | Revenue Per Share 17.684 | Quarterly Revenue Growth (0.15) |
The market value of Equinor ASA ADR is measured differently than its book value, which is the value of Equinor that is recorded on the company's balance sheet. Investors also form their own opinion of Equinor ASA's value that differs from its market value or its book value, called intrinsic value, which is Equinor ASA'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 Equinor ASA's market value can be influenced by many factors that don't directly affect Equinor ASA'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 Equinor ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equinor ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equinor ASA'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.