Envela Total Debt vs Trade and Non Trade Receivables Analysis

ELA
 Stock
  

USD 8.10  0.05  0.62%   

Envela Corp financial indicator trend analysis is much more than just examining Envela Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Envela Corp is a good investment. Please check the relationship between Envela Corp Total Debt and its Trade and Non Trade Receivables accounts. Continue to Investing Opportunities.

Total Debt vs Trade and Non Trade Receivables

Total Debt vs Trade and Non Trade Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Envela Corp Total Debt account and Trade and Non Trade Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Envela Corp's Total Debt and Trade and Non Trade Receivables is 0.89. Overlapping area represents the amount of variation of Total Debt that can explain the historical movement of Trade and Non Trade Receivables in the same time period over historical financial statements of Envela Corp, assuming nothing else is changed. The correlation between historical values of Envela Corp's Total Debt and Trade and Non Trade Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Debt of Envela Corp are associated (or correlated) with its Trade and Non Trade Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Trade and Non Trade Receivables has no effect on the direction of Total Debt i.e., Envela Corp's Total Debt and Trade and Non Trade Receivables go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Total Debt

Total Debt of Envela Corp is a combination of both Envela Corp short-term and long-term liabilities. Short-term debts are those that must be paid back within a year. This type of debt applies to things like lines of credit or short-term term bonds. Long-term debt of Envela Corp includes liability that must be paid off in more than a year. This typically includes large senior debts like mortgages, bonds, as well as business loans or leases. A component of Total Liabilities representing the total amount of current and non-current debt owed. Includes secured and unsecured bonds issued; commercial paper; notes payable; credit facilities; lines of credit; capital lease obligations; operating lease obligations; and convertible notes.

Trade and Non Trade Receivables

A component of Total Assets representing trade and non-trade receivables.
Most indicators from Envela Corp fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Envela Corp 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. Continue to Investing Opportunities.Envela Corp Issuance Repayment of Debt Securities is projected to based on the last few years of reporting. The past year's Issuance Repayment of Debt Securities was at 2.99 Million. The current year Enterprise Value over EBITDA is expected to grow to 11.14, whereas Net Loss Income from Discontinued Operations is forecasted to decline to (92.1 K).
 2019 2020 2021 2022 (projected)
Interest Expense414.96 K620.5 K704.05 K595.98 K
Gross Profit16.26 M23.07 M31.22 M25.95 M

Envela Corp fundamental ratios Correlations

0.961.00.950.890.770.810.970.950.840.63-0.880.630.980.270.81-0.510.980.95
0.960.950.950.840.770.730.950.930.840.62-0.810.610.930.310.73-0.60.920.9
1.00.950.950.90.750.820.950.930.810.65-0.870.640.980.250.82-0.480.990.94
0.950.950.950.850.830.730.950.940.760.6-0.740.60.910.210.73-0.70.910.88
0.890.840.90.850.810.910.860.880.690.9-0.80.90.87-0.060.91-0.530.880.89
0.770.770.750.830.810.630.810.810.570.66-0.640.660.70.170.63-0.750.720.76
0.810.730.820.730.910.630.790.790.560.85-0.790.850.78-0.241.0-0.40.810.85
0.970.950.950.950.860.810.790.950.830.61-0.860.610.890.220.79-0.610.920.92
0.950.930.930.940.880.810.790.950.80.67-0.850.670.90.120.79-0.660.890.96
0.840.840.810.760.690.570.560.830.80.4-0.840.390.80.440.56-0.280.830.79
0.630.620.650.60.90.660.850.610.670.4-0.581.00.62-0.410.85-0.50.610.7
-0.88-0.81-0.87-0.74-0.8-0.64-0.79-0.86-0.85-0.84-0.58-0.58-0.86-0.25-0.790.21-0.89-0.93
0.630.610.640.60.90.660.850.610.670.391.0-0.580.62-0.410.85-0.50.610.7
0.980.930.980.910.870.70.780.890.90.80.62-0.860.620.30.78-0.40.980.93
0.270.310.250.21-0.060.17-0.240.220.120.44-0.41-0.25-0.410.3-0.240.130.290.12
0.810.730.820.730.910.631.00.790.790.560.85-0.790.850.78-0.24-0.40.810.85
-0.51-0.6-0.48-0.7-0.53-0.75-0.4-0.61-0.66-0.28-0.50.21-0.5-0.40.13-0.4-0.37-0.49
0.980.920.990.910.880.720.810.920.890.830.61-0.890.610.980.290.81-0.370.93
0.950.90.940.880.890.760.850.920.960.790.7-0.930.70.930.120.85-0.490.93
Click cells to compare fundamentals

Envela Corp Account Relationship Matchups

Envela Corp fundamental ratios Accounts

201720182019202020212022 (projected)
Total Assets13.31 M13.02 M27 M40.58 M59.27 M63.95 M
Current Assets10.89 M11.39 M18.35 M23.51 M34.37 M28.08 M
Assets Non Current2.42 M1.62 M8.65 M17.07 M24.9 M26.87 M
Cash and Equivalents1.27 M1.45 M4.51 M9.22 M10.14 M10.94 M
Cash and Equivalents USD1.27 M1.45 M4.51 M9.22 M10.14 M10.94 M
Total Debt13.66 K2.35 K13.26 M20.22 M26.18 M28.25 M
Debt Current12.59 K2.35 K2.26 M3.27 M4.34 M4.68 M
Debt Non Current2.32 M1.07 K11 M16.95 M21.84 M23.57 M
Total Debt USD13.66 K2.35 K13.26 M20.22 M26.18 M28.25 M
Shareholders Equity7.76 M8.41 M11.19 M17.58 M27.63 M29.81 M
Shareholders Equity USD7.76 M8.41 M11.19 M17.58 M27.63 M29.81 M
Inventory8.6 M9.77 M9.51 M10.01 M14.05 M13.43 M
Total Liabilities5.56 M4.6 M15.81 M23 M31.64 M34.14 M
Current Liabilities5.56 M4.6 M4.81 M6.05 M9.8 M8.39 M
Liabilities Non Current2.32 M1.07 K11 M16.95 M21.84 M23.57 M
Trade and Non Trade Payables4.68 M3.93 M1.47 M1.51 M2.49 M2.89 M
Property Plant and Equipment Net1.69 M1.32 M3.69 M10.41 M15.5 M16.72 M
Trade and Non Trade Receivables806.98 K94.34 K3 M2.85 M7.17 M7.73 M
Accumulated Retained Earnings Deficit(32.69 M)(32.03 M)(29.25 M)(22.86 M)(12.81 M)(13.83 M)

Envela Corp Investors Sentiment

The influence of Envela Corp'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 Envela. 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 markets does not have a solid backing from leading economists and market statisticians.
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 Envela Corp 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, Envela Corp's short interest history, or implied volatility extrapolated from Envela Corp options trading.

Pair Trading with Envela Corp

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 Envela Corp 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 Envela Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Envela Corp

0.86AZOAutozone Fiscal Year End 20th of September 2022 PairCorr

Moving against Envela Corp

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The ability to find closely correlated positions to Envela Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envela Corp 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 Envela Corp - 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 Envela Corp to buy it.
The correlation of Envela Corp is a statistical measure of how it moves in relation to other equities. 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela Corp 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 Envela Corp 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 CorrelationCorrelation Matching
Continue to Investing Opportunities. Note that the Envela Corp information on this page should be used as a complementary analysis to other Envela Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running Envela Corp price analysis, check to measure Envela Corp'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 Envela Corp is operating at the current time. Most of Envela Corp's value examination focuses on studying past and present price action to predict the probability of Envela Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Envela Corp's price. Additionally, you may evaluate how the addition of Envela Corp to your portfolios can decrease your overall portfolio volatility.
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Is Envela Corp'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 Envela Corp. If investors know Envela 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 Envela Corp 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 YOY
0.75
Market Capitalization
216.7 M
Quarterly Revenue Growth YOY
0.26
Return On Assets
0.14
Return On Equity
0.44
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp'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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp'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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Envela Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp'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.